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Department of the Treasury

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11/05/2010

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Form

Department of the Treasury

990-PF
Name of organlzaLOn

Internal Revenue Service

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

or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation
, 2004, and ending
E] Amended return

Return of Private Foundation

OMB No 1545-0052

2004
,20 Name change

For calendar year 2004, or tax year beginning
G Check all that apply:
00 00 Use the SRS

[] Initial return

0 Final return

0 Address change
23 .7648974

Otherwise, Number and sired (or p.0, box number R mail is not delivered to street address) print c/o Schnader Harrison Segal B Lewis 1600 Market St or type. $e0 $pgCMC City a town, state, and ZIP code Instructions . Philadelphia, PA 19103

label.

Radnw Enhancement Community Trust

A Employer Identification number

Room/sulfa 3600

B Telephone number (sae page 10 W the instructions) ( 610 ) 527-7350
C H exemption application is pending, check here loD 1. Foreign organizations, check here .
2. Foreign organizations meeting the 85% test, check here and attach computation . " 0 E If private foundation status was terminated under section 507(bx1)(A), check here . " D F H the foundation is In a 60-month termination under section 507(bx1)(B), check here . " D (c) Adjusted net income (d) Disbursements for charitable purposes (cash basis only)

H Check type of organization: Z Section 501(c)(3) exempt private foundation 0 Section 4947(a)(1) nonexempt charitable trust [_1 Other taxable private foundation
v WQ

8

I Fair market value of all assets at end J Accounting method : Z Cash 0 Accrual of year (from Part ll, col. (c), F-1 Other (specify) line 16 " $ 79, 507 (Part l, column (d) must be on cash basis) -------------------of Analysis of Revenue and Expenses (The total Revenue
amounts in columns (6), (c), and l~ may not neraessany equal the amounts m column (a) (see page 17 0l the instructions).) ( (aexpen r per books

I (bf Net im otmertt inco~

1 2 3 4

3 m

5a Gross rents . , b Net rental income or (loss)
6a b 7 8

Contributions, gifts, grants, etc ., received (attach schedule) Check " 1:1 d the foundation is not required to attach Sch . B Interest on savings and temporary cash investments Dividends and interest from securities

74 501

0 0

74 501

0

74 501

0

9 Income modifications . 10a Gross sales less returns and allowances b Less: Cost of goods sold,

Net gain or poss) from sale of assets not on line 10 Gross sales price for all assets on line 6a Capital gam net income (from Part IV, line 2) Net short-term capital gain .

0

0

t 0 106 37,206 0 0 0 1,800 0 0 0 11 0 0 0 0 04 .189 I 106 37,208 a 0 0 1,800 0 a 0 11 0 0 0 0 104.189 I

-+---~---T-----0 106 37,206 0 0 0 1,800 0 0 0 11 0 0 0 0 104.189 I

c Gross profit or Qoss) (attach schedule) 11 Other income (attach schedule) 12 Total . Add lines 1 through 11

0

c m m W '~ Q

(!~

13 Co ensationLo~oA ~vrrh ors, t ustees, etc . 14 Oth r e 1~1 ~ plans, e ployee benefl 15 Pen ' 16a Leg s~~e1Ayc's1eaOGE . , b Acc I~ ing fees (attach schedu c Oth r p ~~q.8 - 9 . ule) 17 trite St . 18 Taxes (attach schedule) (see page 14 of the instructions) 19 Depreciation (attach schedule) and depletion . 20 Occupancy . . 21 Travel, conferences, and meetings. 22 Punting and publications .

0 0 0 1,800 0 0 0 11 0 0 0 104.189
1

+r 24 m 26 27

23

Other expenses (attach schedule)

25 Contributions, gifts, grants paid

Total operating and administrative expenses. Add lines 13 through 23 Total expenses and disbursements. Add hues 24 and 25 Subtract line 26 from line 12 : 11

106.000 1
S75

1

a Excess of revenue over expenses and disbursements b Net investment income (f negative, enter -0-)
c Acousted net income (f negative, enter -0-) .

.4

f Cat No 11289X Form S90-PF (2004)

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions,

Form 89aPF (2004)

Attached schedules and amounts in the description column Balance Sheets should he for end-of-year amounts only . (See instructions )

Beginning of year (e) sook vows 148,343 0 0 0

Page 2 End of year (n) Book Value (c) Fair Market value 79,507 u 0 0 0 ` 79 , 607 0 0 0

1 2 3 4 5 6

Cash-non-interest-beanng . Savings and temporary cash investments . . . . . . Accounts receivable " . ----------- . . . . -------- . . . . . . . . . . . . . Less : allowance for doubtful accounts " . . . . . -----------Pledges receivable " --------- ---------- ------ - ----------- Less : allowance for doubtful accounts " --------------------Grants receivable . . . . . . . . . . . . . .

Q

Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see page 15 of the instructions) . . . . . . . 7 Other notes and loans receivable (attach schedule) " . _ _ _ . _ .__ . Less : allowance for doubtful accounts 10 . . . . . . . . . . . . . . . , . . . . 8 Inventories for sale or use . . Prepaid expenses and deferred charges , 9 10a Investments-U S and state government obligations (attach schedule) b Investments--corporate stock (attach schedule) . . . . c Investments--corporate bonds (attach schedule) . . . . 11 Investments--hand, buildings, and equipment . basis " _ . . ._ . . . . . ._ . . . Less' accumulated depreciation (attach schedule) " . . . . . . . . . . . . . . . . . . 12 Investments-mortgage loans . . . . . . . . . 13 Investments-other (attach schedule) . . . . . . . . 14 Land, buildings, and equipment: basis ". . . . . . . . . . . . . ._ ._ . ._ . . . . . ._ Less : accumulated depreciation (attach schedule) 10 . . . . . . . . . . . . . . . . . . 15 Other assets (describe---- . . . . . . ----- . . . . . . . . _ . . . _ . . . . . 16 Total assets (to be completed by all filers-see page ifi of the instructions. Also, see page 1, item I) . 17 18 19 20 21 22 23 Accounts payable and accrued expenses . . . . . . Grants payable . . . . . . . . . . . . . . . Deferred revenue . . . . . . . . . . . . . . . Loans from officers, directors, trustees, and other disqualified persons Mortgages and other notes payable (attach schedule) . . Other liabilities (describe . .. . . .. . .. . . .. . .. . . .. . .. . . . . . .. . . ) Total liabilities (add lines 17 through 22). .

0 ....r ._ 0 0 0 0 D 0 0 0 0 0 0 148,343 0 0 0 0 0 0 0 ~

0

0

_ ~---0 ^ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79,807 0 0 0 0 0 0 0 0 0 0 0 0 79,507

ayr

J

m c 0 f ,~ Q Z

24 25 26

Organizations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31 . Unrestricted . . . . . . . . . , , , , , , Temporarily restricted . . . . . . . . . . , , Permanently restricted . Organizations that do not follow SEAS 117, check here " and complete lines 27 through 31 .

. , El

80,430 87,913

36,501 43,006

27 28 29 30 31

Capital stock, trust principal, or current funds . . . . . Paid-in or capital surplus, or land, bldg ., and equipment fund Retained earnings, accumulated income, endowment, or other funds Total net assets or land balances (see page 17 of the instructions) . . . . . . Total liabilities and net assets/fund balances (see page 17 of the instructions .

0 0 0 1qg~343 148,343

0 O fl 507 79,507 79,507

ETM 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 end-of-year figure reported on prior year's return). . . . . . . . 2 Enter amount from Part I, line 27a . . . . . . . . . . . 3 Other increases not included in line 2 (itemize) " ._ . . . . . . . . ._ . . . . . . . . . . . . . . .___ . ._ ._ . . . . . . . . . . . . . . ._ ._ . . . . . . 4 Add lines 1, 2, and 3 . . . . . ' ' Dividends reported on 090 not credited until 01105 5 Decreases not included in line 2 (itemize) " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Total net assets or fund balances at end of vear (line 4 minus line 51-Part II, column (b), line 30

148,343
0

Form 990-PF (2ooa)

Form 990-PF (2004)

Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e g., real estate, 2-story buck warehouse, or common stock, 200 shs. MLC Co.)

3
(b) How acquired P-Purchase O-Donation (c) Date acquired (mo , day, yr ) (d) Date sold (mo., day, yr )

b c

a

NOT APPLICABLE

d e (e) Gross sales price K) Depreciation allowed
(or allowable)

(g) Cost or other basis
plus expense of sale

(e) plus M minus (g)

(h) Gain or poss)

e

complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 01 F M V as of 12/31169 (j) Adjusted basis as of 12/31/69 (k) Excess of cod p) over col 0), if any

0) Gains (Col (n) gain minus cW (k) but not less than -0-) or Losses (from col (h))

a

e 2 Capital gain net income or (net capital loss)

If (loss), enter -0- in Part I, line 7 Net short-term capital gain or (loss as defined in sections 1222(5) and (6): 3

If gain, also enter m Part I, line 7

3 If oss), enter -0- in Part I, line 8 . ~ FUTIM qualification Under Section 4940(e), for Reduced Tax ~ on Netlnvestment Income
If section 4940(d)(2) applies, leave this pan blank .

If gain, also enter m Part I, line 8, column (c) (see pages 13 and 17 of the instructions).

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) Was the organization liable for the section 4942 tax on the distnbutable amount of any year in the base period? El Yes If "Yes,' the organization does not qualify under section 4940(e) . Do not complete this part . 93 No

1 Enter the appropriate amount in each column for each year ; see page 18 of the instructions before making any entries.
Calendar year (or tax year beginning In) 2003 2002 2001 2000 1999
Base perelod years Adjusted qualifying distributions Net value of noncharrtable-use assets

89,460 318 10,601 51,168 a

164,692 172,284 120,193 101,883 25,933 2

(col (b) divided by cot (c .54 .00 .09 .51 .53 1'87 .334 4 5 101,584 33,929

Distribution ratio

. . . . . . . . . . . . . . . . . . . . . 2 Total of line 1, column (d) 3 Average distribution ratio for the 5-year base period-divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years . 4 Enter the net value of nonchardable-use assets for 2004 from Part X, line 5 . 5 Multiply line 4 by line 3 , . . . . . . . , , . , . . . , . , , , , . , , , .

6 Enter 1 % of net investment income (1 % of Part I, line 27b) . 7 Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . , , , 7 33,935

. . . . 8 Enter qualifying distributions from Part XII, line 4 H 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 ~Yo tax rate See the Part VI instructions on page 18 . Form 990-PF (2ooa)

Form 980-PF (2004) Excise Tax Based on Investment Income Section 4940(a ), 4940 FUMIM

4940(a), or 4948-see

Page 4 e 18 of the instructions

is Exempt operating foundations described in section 4940(dK2~ check here " 0 and enter "N/A" on line 1 . Date of ruling letter : ------ ------ _ . (attach copy of ruling letter if necessary-wee instructions) b Domestic organizations that meet the section 4940(e) requirements in Part V, check here t V and enter 1 % of Part I, line 27b . . . c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4°k of Part I, line 12, col (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only . Others enter -0-) 3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only . Others enter -0-) . 5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- . 6 Credits/Payments : 6a 0 a 2004 estimated tax payments and 2003 overpayment credited to 2004 b Exempt foreign organizations-tax withheld at source 0 c Tax paid with application for extension of time to file (Form 8868) 6c erroneously withheld . d Backup withholding 7 Total credits and payments. Add lines 6a through 6d . . . . . 8 Enter any penalty for underpayment of estimated tax . Check here El if Form 2220 is attached, " 9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed " 10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid . . 11 Enter the amount of line 10 to be : Credited to 2005 estimated tax " Refunded " Statements Re g arding Activities

3 4

6 0 6

00 00 00

8 9 10 11

0 6 0 0 Yes

00

to During the tax year, did the organization attempt to influence any national, state, or local legislation or did . it participate or intervene In any political campaign? b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of the instructions for definition)? . . . . . . . . . . . . . . . . . . . . . . . !f the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials published or distributed by the organization in connection with the activities . , , . c Did the organization file Form 1120-POL for this year? . . . . . . . . . . . . . d Enter the amount (if any) of tax on political expenditures (section 4955) Imposed dunng the year: (1) On the organization . " $ (2) On organization managers . " $ e Enter the reimbursement (f any) paid by the organization during the year for political expenditure tax imposed on organization managers . " $ 2 Has the organization engaged in any activities that have not previously been reported to the IRS? If "Yes," attach a detailed description of the activities . 3 Has the organization made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes 4a Did the organization have unrelated business gross income of $1,000 or more during the year? . . . . . . . . . . . b If "Yes," has it filed a tax return on Form 990-T for this year? termination, dissolution, or substantial contraction dunng the year? . , . 5 Was there a liquidation, If "Yes," attach the statement required by General Instruction T. Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either: " By language in the governing instrument, or " By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain m the governing instrument? . . . . . . . . . . . . 7 Did the organization have at least $5,000 in assets at any time during the year? If 'Yes," complete Part ft, col. (c), and Part XV. 8a Enter the states to which the foundation reports or with which it is registered (see page 19 of the 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 G7 If "No," attach explanation , 6 9 10 11 12 13

No

ib J

1c

-

-

4b 5

J

6 7

J

8b

Is the organization claiming status as a private operating foundation within the meaning of section 49420(3) or 49420(5) for calendar year 2004 or the taxable year beginning in 2004 (see instructions for Part XIV on page 25)? If "Yes," complete Part XlV . . . . . . . . . . . . 10 Did any persons become substantial contributors during the tax year? If "Yes,' attach a schedule listing theirnames and addresses. Did the organization comply uwth the public inspection requirements for it annual returns and exemption application? 11 Web site address " NONE_ The books are m care of " William . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Telephone no . " _ .(610) .542-2910 c/o, Le99_ Mason---, _ ------ Two Town Place Suite 100 . Bryn .Mawr,-PA ----------- ZIP+4 " ------- 19010.3379. Located at " ------Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041-Check here " 1 13 ~ and enter the amount of tax-exempt interest received or accrued during the year .

Form 990-PF (2004)

Form 99aPF (2004)

File Form 4720 if any item is checked in the "Yes" column, unless en exception applies. 1a During the year did the organization (either directly or indirectly) :

i Activities for Which Form 4720 May Be

Pap 5
Yes No

D Yes ~ No (1) Engage in the sale or exchange, or leasing of property with a disqualified person? (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? . . . . . . . . . . . . . . . . . . . . . Yes ~ No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? 0 Yes 0 No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? 0 Yes 0 No (5) Transfer any income or assets to a disqualified person (or make any of either available 0 Yes Z No for the benefit or use of a disqualified person)? . . . . . . . . . . . . Agree to pay money or property to a government official? (Exception. Check "No" (6) ii the organization agreed to make a grant to or to employ the official for a penod after termination of government service, if terminating within 90 days.) . . . . El Yes W3 No b If any answer is "Yes" to 1a(1}{6), did any of the acts fail to qualify under the exceptions described in Regulations section 53 .4941 (d)-3 or m a current notice regarding disaster assistance (see page 20 of the instructions)?
Organizations relying on a current notice regarding disaster assistance check here . . . . . " D c Did the organization engage in a prior year m any of the acts described in 1a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2004? . .

----1c

2

Taxes on failure to distnbute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 49420(3) or 49420)(5)) : a At the end of tax year 2004, did the organization have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2004? . . H "Yes," list the years Pop- 20 20 20 .-- . , 20 . . . . . . . . . D Yes W1 No b Are there any years listed m 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) to alt years listed, answer "No" and attach statement-see page 20 of the instructions .) . c If the provisions of section 4942(a)(2) are being applied to any of the years listed m 2a, list the years here . " 20 .. . . , 20 . . , 20 . . . . , 20 . . . . . 3a Did the organization hold more than a 2% direct or indirect interest in any business Yes Z No enterprise at any time during the year? . . , . , . . . . . . . . . .
b If "Yes," did it have excess business holdings in 2004 as a result of (1) any purchase by the organization or disqualified persons after May 26, 1969 ; (2) the lapse of the 5-year period (or longer penod approved by 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 penod? (Use Schedule C, Form 4720, to determine if the organization had excess business holdings in 2004.) . . . . . . 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 2004? ,

-

--

-----

5a During the year did the organization pay or incur any amount to :
(1) (2) (3) (4) (vh

educational purposes, or for the prevention of cruelty to children or animals? . . D Yes 91 ho fail to qualify under the exceptions described in b If any answer is "Yes" to 5a(1}-(5), did any of the transactions Regulations section 53 .4945 or in a current notice regarding disaster assistance (see page 20 of the instructions)? " EJ Organizations relying on a current notice regarding disaster assistance check here . . . . c If the answer is "Yes" to question 5a(4), does the organization claim exemption from the
tax because d maintained expenditure responsibility for the grant? . . 1f "Yes," attach the statement required by Regulations section 53.4945-5(d). . . . E] Yes 0 No 6a Did the organization, during the year, receive any funds, directly or indirectly, to pay

Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? Influence the outcome of any specific public election (see section 4955), or to carry . . on, directly or indirectly, any voter registration drive? . . . . . . . Provide a grant to an individual for travel, study, or other similar purposes? . . . Provide a grant to an organization other than a charitable, etc ., organization descnbed in section 509(a)(1), (2), or (3), or section 4940(d)(2)? . . . . . . . . . Provide for any purpose other than religious, chantable, scientific, literary, or

0 Yes o Yes D Yes 0 Yes

0 No V3 No V No W1 No

premiums on a personal benefit contracts . . . . . . , . . . . . . 0 Yes 91 No b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? H you answered "Yes" to 6b, also file Form 8870.

6~b --+i

Form 990-PF (2004)

Form 980-PF (2004)

1

List all officers, directors, trustees, foundation managers and their compensation (see pa ge 20 of the instructions) . Contributions to (e) Expense account, (a) Name and address ro) hours per week ~k)not paid, enter employee beefit plans other allowances
devoted to posrtlon -0-) and deferred compensation

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

Page

SEE ATTACHED LIST OF OFFICERS NO OFFICER RECEIVED ANY COMPENSATION, -------BENEFITS, EXPENSE ACCOUNT OR EXPENSE REIMBURSEMENTS ----------------------------------------------------------

2 Compensation of flue highest-paid employees (other than those Included on line 1-see page 21 of the Instructions). If none, enter "NONE."
(a) Name and address of each employee paid more than $50.000 (b) Title and =a ,.,. Par hc k ge devoted to position (c) Compensation (d) Contnb emplayee=t (a) Expense account 10 plans and other allowances compen I

NONE

--- --------- ------ --- -- ------ - - -- -- ------ ------ . . .. . . . . . . . . . . . . . . . .. . . . . . .. . . .. . .. . . . . . .. . . . . . . . . . . . . . . . . . . . .. . . .

Total number of other employees paid over $50,000 . 3 Five highest-paid independent contractors for professional services-(see page 21 of the instructions) . It none, enter "NONE ." (a) Name and address of each person paid more than $50,000 (b) Typ e of service (c) Compensation NONE

Total number of others receiving over $50,000 for professional services . 1,791MW Summary of Direct Charitable Activities

.

10. 1

IJst the toundabon's four largest direct charitable activities during the tax year Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc

Expenses

I Radnor. Towne-hip.Seautift.ca.tio-n--. .His-toric .Downtown. -Lighting .-. Lancaster.. . . .. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . .. . . . . . . . . . . . .. . . .. . . . . . . . . . .. . . . . . Avenue 2 Radnor Township- Beautification _- Louella Court Park- Improvements --- -------- -- . . . . . .------ .----- .-------------- -- .------------------------------- .----------- -.. . . . . . . . .. . . . . . . ------ .-------- . . . . . . . . .. . . . . . .. . . -- . . . . . . . .---

1 I I

54,292 39.096 6,800 3.800

-- .----

. . . . .. .. . . . .. . . . . . . . . . . . . . .. . . .. . . . . NorthWane.Avenue-Improvement. Project . _ . _ _ . . . _ _ . _ . . . . . . . . . . . . . . . . 3 -Radnor..TownshipBeautiffcatfor~-. .. . . .. . .

4 Radnor Township Beautification_- St. David's Park Fountain Repairs .. .. . . . . . .. .. . .. . . . . . .. . . . . . . . . . . . . .. . . .. .. . . .. . .. . . .. . .. . . .. . . .. . . . . . . .

. I

Form 990-PF (2004)

Form 99aPF (2004)

1

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2

of Program-Related Investments (see page 22 of the

Page 7
Amount

NONE

2

All other program-related Investments See page 22 of the Instructions 3

Total. Add lines 1 through 3 .

Minimum Investment Return . (All domestic foundations must complete this part. Foreign foundations, see page 22 of the instructions.)
out charitable, etc ., , . . . . . . . . . . . . . _ la 1b 1c 1d 0 103,131 0 103,131

1 a b c d e

Fair market value of assets not used (or held for use) directly in carrying purposes . Average monthly fair market value of securities . . . . . Average of monthly cash balances . . . . . . . . . . . . . . Fair market value of all other assets (see page 22 of the instructions) . . Total (add lines 1 a, b, and c) . . . . . . . . . . . . . . . . Reduction claimed for blockage or other factors reported on lines is and

. . ,

. . .

. . .

2
3 4

is (attach detailed explanation) . Acquisition indebtedness applicable to line 1 assets .

Subtract line 2 from line 1d . . . . . . . . . . . . . . . . . . . . . . . Cash deemed held for charitable activities . Enter 1'/z% of line 3 (for greater amount, see page 23

.

.

.

.

3

103131

5 6

1,547 4 of the Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 101,584 5 Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4 Minimum investment return . Enter 5% of line 5 . 6 5,079 Distributable Amount (see page 23 Of the instructions) (Section 4942Q)(3) and 0)(5) private operating foundations and certain foreign organizations check here " D and do not complete this part .)
Minimum investment return from Part X, line 6 . . . Tax on investment income for 2004 from Part VI, line s . . . . . . . . . . . . ~ . . . . . , . ~ 5,079

1 2a

c Add lines 2a and 2b . . . . . . . . . . . . . . . . . Distributable amount before adjustments . Subtract line 2c from line 1 . 3 4 Recoveries of amounts treated as qualifying distributions . . . . . Add lines 3 and 4 . . . . . . . . . . . . . . . . . . 5 6 Deduction from distnbutable amount (see page 23 of the instructions) . 7 Distributable amount as adjusted . Subtract line 6 from line 5 . Enter

b Income tax for 2004. (This does not include the tax from part VI .)

,

.

2b
. .

. ,

. .

. .

. .

. .

. .

0 _

line 1

. . . . . . . . . . , . , here and on Part XIII,

2c 3 4 5 6

6 6 ,073 0 5,073 0

7

5,073

Qualifying Distributions (see page 23 of the instructions) Amounts paid Including administrative expenses) to accomplish charitable, etc., purposes : a Expenses, contributions, gifts, etc.-total from Part I, column (d), line 26 . . . . . . . . b Program-related investments-total from Part IX-13 . . . . . . . . . 2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes . . . . . . . . . . . . . . . . . . .
3 a 6 Amounts set aside for specific charitable projects that satisfy the : Suitability test (prior IRS approval required) . . . . . . . . Cash distribution test (attach the required schedule) . . Qualifying distributions . Add lines 1 a through 3b . Enter here and on Pan V, line 8, and Part XIII, line 4 , Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment

1

la 1b

106,000 0 O

4 5 6

4

106,000

income. Enter 1 % of Part I, line 27b (see page 24 of the instructions) .

1105,594 6 Adjusted qualifying distributions . Subtract line 5 from line 4 . . . . . . . , . . . Note: The amount on line 6 will be used In Part V, column (b), in subsequent years when calculating whether the foundation quahlres for the section 4340(e) reduction of tax in those years.

Form 990-PF (2ooa)

Form 990-PF (2004)

Page 8

Undistributed income (see page 24 of the instructions)
1 Distributable amount for 2004 from Part XI, line 7 . (a) Corpus (b) Years prior to 2003
2003

(c)

2004

(d)

2 a b 3 a b c d e
4 f

Undistributed income, rf any, as of the end of 2003 : Enter amount for 2003 only . . . . , Total for prior years 20 _20 _20 20 Excess distributions carryover, if any, to 2004 : O From 1999 . . . . . 47,088 From 2000 . . . , , 4,704 From 2001 . . . , . From 2002 . . . . . 0 81,235 From 2003 . . . . .
Total of lines 3a through e . . . . , , Qualifying distributions for 2004 from Part 106,0 X11, line 4 : " $ Applied to 2003, but not more than line 2a Applied to undistributed income of prior years (Election required-see page 24 of the instructions) Treated as distributions out of corpus (Election required-see page 24 of the instructions) Applied to 2004 distnbutable amount

, ` ' ~ , -

. , _

._.._

O

133,305

a b c d

Ol,

e Remaining amount distributed out of corpus 5 Excess distnbutions carryover applied to 2004 (N an amount appears in column (d), the same amount must be shown in column (a).) 8 Enter the net total of each column as indicated below:
a Corpus Add lines 3f, 4c, and 4e . Subtract line 5 b Prior years' undistributed income . Subtract line 4b from line 2b . c

100,927

3

233,932

Enter the amount of prior years' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed . d Subtract line 6c from line 6b . Taxable amount-see page 25 of the instructions . e Undistributed income for 2003. Subtract line 4a from line 2a . Taxable amount-see page 25 of the instructions

O

0

7

f Undistributed income for 2004 . Subtract lines 4d and 5 from line 1 . This amount must be distributed m 2005

0

Amounts treated as distributions out of corpus to satisfy requirements imposed by
section 170(b)(1)(E) or 4942(8)(3) (see page 25 of the instructions)

, ` . -

8

Subtract lines 7 and 8 from line 6a . 10 Analysis of line 9 : a Excess from 2000. . , b Excess from 2001 . .

9

Excess distributions carryover from 1999 not applied on line 5 or line 7 (see page 25 of the instructions) . .

Excess distributions carryover to 2005.
47,086 4,704

233,932

c Excess from 2002. d Excess from 2003.

. . . .

0 81,235

',

Form 990-PF (2ooa)

Form 980-PF (2004)

1a b 2a

b

c qualifying distributions from Part XII, line 4 for each year listed . . . . d Amounts included m line 2c not used directly
for active conduct of exempt activities . e Qualifying distributions made directly for active conduct of exempt activities Subtract line 2d from line 2c . Complete 3a, b, or c for the alternative test relied upon : "Assets" alternative test-enter: (1) Value of all assets . (2) Value of assets qualifying under section 4942@(3)(8)(i) "Endowment" alternative test-enter '/a of rrnrnmum investment return shown in Part X, line 6 for each year listed "Support" alternative test-enter . (1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) Support from general public and 5 or more exempt organizations as provided in section 49420)(3)(B)(iiQ Largest amount of support from an exempt organization Gross investment income

If the foundation has received a ruling or determination letter that k is a private operating foundation, and the ruling is effective for 2004, enter the date of the ruling . Check box to indicate whether the organization is a private operating foundation described m section 0 49420(3) or El 494. Enter the lesser of the adjusted net Tax year Prior 3 ears (e) Total income from Part I or the minimum (c) 2002 (d) 2001 (a) 2004 (b) 2oos investment return from Part X for each year listed 85% of line 2a

25 of the instructions and Part VII-A, question

Page 9

NOT

APPLICABLE

3 a

b c

(2)

(3) (4)

0071 M Supplementary Information (Complete this part only if the organization had $5,000 or more in . assets at any time during the year-see page 26 of the instructions.)
1 a

Information Regarding Foundation Managers: List any managers of the foundation who have contributed more than 2° of the total contributions received by the foundation .U before the close 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 70% or more of the stock of a corporation (or an equally large portion of the ownership of a 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 " 0 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 page 26 of the 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: NOT APPLICABLE
b The form in which applications should be submitted and information and materials they should include :

NOT APPLICABLE c My submission deadlines: MOT APPLICABLE
d My restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors :

NOT APPLICABLE

Form 890-PF (2o04)

Form 89o-PF (2004)

Supplementary Information (continued

Page 10

Form S90-PF pooa)

Form 990-PF (2004) is of Income-Producin g Activities Unrelated business income Enter gross amounts unless otherwise indicated . (a) Business code (b) Amount " Mal Excluded by section 512, 513, or 514 (c) Exclusion code (d) Amount

Page 11 (e) Related or exempt function income (See page 26 of the instructions )

1 Program service revenue: a d e T g

NOT APPLICABLE

2 Membership dues and assessments .

Fees and contracts from government agencies

S 9 10 11

3 Interest on savings and temporary cash investments 4 Dividends and interest from securities 5 Net rental income or (loss) from real estate : a Debt-financed property b Not debt-financed property 6 Net rental income or (loss) from personal property 7 Other investment income .
Gain or (loss) from sales of assets other than inventory Net income or Qoss) from special events. Gross profit or (loss) from sales of inventory Other revenue; a

b c d e 12 Subtotal . Add columns (b), (d), and (e) . . . . . . . . . . . . . . . . . 13 Total. Add line 12, columns (b), (d), and (e) (See worksheet in line 13 instructions on page 26 to verify calculations.) : Relationship of Activities to the Accomplishment of Exempt Pu!poses
Line No.

13

Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes) . (See page 27 of the instructions .) 7

AP

Form 990-PF (2ooa)

Form 99aPF (2004)

Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Page 12

Did 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: (1) Cash . . . . . . . . . . . . . . . . . . . .
(2) Other assets . b ether transactions : . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes No - I
is 2

1a(1) 1 b(l)

r

1 b(2) r (2) Purchases of assets from a noncharitable exempt organization . . , . . . . . . . . . 1b(3) , , r (3) Rental of facilities, equipment, or other assets . . . . . . . . . . . . . , , , , I W4 J (4) Reimbursement arrangements . . . . . . . . . . . . . . . . . . . . . . 1b , , r (5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . 11 b(6) , , _ (6) Performance of services or membership or fundraising solicitations . . . . . , . . is ,/ c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . , d If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization . If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received .

(1) Sales of assets to a noncharitable exempt organization .

.

.

.

.

.

.

.

.

.

.

.

.

.

2a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527? . . . . .

El Yes

El No

Schedule B

(Form 990, 990-EZ, or 990-PF)
DepeRrrrent of the Tmawry Irtartml Revo nue Service

Schedule of Contributors
line 1 of Forth 990, 990-EZ, and 990-PF (see Instructions)

OMB No 1545-0047

Supplementary Information for

Name of organization

Employee Identification number

2004

RADNOR ENHANCEMENT COMMUNITY TRUST Organization type (check one): Filers of: Form 990 or 990-EZ Section: D 501(c)( ) (enter number) organization

23 .7848974

0 4947(axi) nonexempt charitable trust not treated as a private foundation O 527 political organization Form 990-PF W] 501(c)(3) exempt private foundation D 4947(a)(1) nonexempt charitable trust treated as a private foundation D 501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule. (Note: Only a section 501 fc)(1), (8), or (10) organization can check boxes for both the General Rule and a Special Rule-see instructions .)

General RuleFor organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one contnbutor. (Complete Pans I and II .)

Special Rules.6 For a section 501(c)(3) organization tiling Form 990, or Form 990-EZ, that met the 33Ys° support test of the regulations under sections 509(a)(1)/170(b)(1)(A)(w) and received from any one contributor, during the year, a contnbution of the greater of $5,000 or 2% of the amount on line 1 of these forms. (Complete Parts I and II .) El For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year, aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. (Complete Parts I, II, and III .) 0 For a section 501(c)(7), (8), or (10) organization filing Form 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 . (If this box is checked, enter here the total contributions that were received during the year for an excfuslvely religious, charitable, etc., purpose. Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc ., contributions of $5,000 or more during the year.) . . . . . , . . . . . . . . . . . . . . . . " $

Caution: Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ or 990-PF) .
For Paperwork Reduction Act Notice, see the Instructions for Form 990, Form 990-EZ, mid Form 990-PF. Cat No . 30813X Schedule B (Form 890, 990-EZ, or 99aPF) (2004)

Schedule B (Form 990, 99QEZ, or 990-PFD (2004) Name of organization RADNOR ENHANCEMENT COMMUNITY TRUST Contributors (See Specific Instructions .) (a) No . 1 (b) Name, address, and ZIP + 4 RADNOR TOWNSHIP ------------- ---------------------------------- -----301 IVEN AVENUE . . . ----------------------.------ . . .----------- .------ .------ .-- . . . . WAYNE, PA 19087-5204 (a) No . (b) Name, address, and ZIP + 4 WAYNE BUSINESS ASSOCIATION 205 WEST LANCASTER AVENUE WAYNE, PA 19087 (a) No . (b) Name, address, and ZIP + 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --$. ---_.. . . $_ 2,000

Page ? of 3 of Part I Employer Identification number 23 : 7648974

(c) Aggregate contributions

(d) Type of contribution Person 91 Payroll o Noncash o (Complete Part 11 d there is a noncash contribution.) (d) type of contribution Person D Payroll No cash (Complete Pert 11 if there is a noncash contribution ) (d) type of contribution Person Payroll Noncash 0 F~

34,525 $----------------------------

(c) aggregate contributions

(c) Aggregate contributions

. . . . . .. . . . .

(Complete Part II if there is a noncash contribution.) (a) No . (b) Name, address, and ZIP + 4 ------------------------------------------------------------------------ ------ - - -- - ---- - - -- --- -- --- ------ ---------------- --$-------- -- ------------- . . (c) Aggregate contributions (d) type of contribution Person 0 Payroll Noncash o (Complete Part II if there is a noncash contribution ) (d) Type of contribution Person Payroll Noncash 0 D

(a) No .

(b) Name, address, and 21P + 4 -------------------------------------------------------------- . . . . ._ . . ------------- . . .------------------------------------------------------

M Aggregate contributions

$ . .. . . .. . .. . ... . .. . . .. ... . . . .

(Complete Part II ii there is a noncash contribution (d) Type of contribution Person Payroll Noncash 0 o 0

(a) No .

fb1 Name, address, and Z!P + 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- .----- .-----------------------.. .. . . . . . . . . . .. . . . . . .. . . .. . . .. . .. . . .. . . . . . .. . . . . . . . . . . . .. . . . . . . . . . . . . ------------------------------- . . . . . . ._ . .------------------------

M Aggregate contributions

$---- --- -- ----------------

(Complete Part II if there is a noncash contribution )

Schedule 8 (Form 990, 990-EZ, or 890-PF) (2004)

Schedule B (Form 890, 990-EZ, or 99CF~PF

Page 3 of 3 of Pact II

Name of organization RADNOR ENHANCEMENT COMMUNITY TRUST Noncash Property (See Specific Instructions.) (a) No . from Part I 1 NONE - ---- -------- ---- - ------------- -------------------- ---- ------. . . . . .-- .------ .---------- .-- ._ . . .-- .------ .------ .------------- .----(a) No. from Part I 2 (b) Description of noncash property given NONE ---------------------------------------------------------------------(b) Description of noncash property given

Employer Identification number I 23 : 7648974

(c) FMV (or estimate) (see Instructions)

Date received

$ . . . . . . . . . .. . . . . . .. . . . . . . . W FMV (or estimate) (see instructions)

-- . . .-----I ----- 1. . . . . . . . . . (d) Date received

----- . . . . . .- .-- .--- .-- .--- .--------------------------- . . . . . . . .-- .--- .(a) No. from Part I (b) Description of noncash property given -------------------------------------------------------------------------- ---- ---- --- -- - - -- --- -- --- ------ ------ -------------------------- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (a) No. from Part 1 (b) Description of noncash property given I

$ --------------- ------~--(c1 FMV (or estimate) (see instructions)

----------~-----~---------(d) Date received

$ .. . . . . . .. .. . . . . . .. . . .. . .. (c) FMV (or estimate) (see Instructions)

. . . . . . . . . . ~-----/ . . . . . . . . . .

Date received

-------- ------------------------------------------------------(a) No . from Pert 1 (b) Description of noncash property given

- --

$ - - ------------- --- -(c) FMV (or estimate) (see instructions)

- ------ ~-----~---- - ---

Date received

--------------(a) No . from Part I

----- ---- - ------ ---------- -- ------ ------ ----(b)

$ ------------------------W FMV (or estimate) (see instructions)

------ _ . .1 . . . . ./_ . . . . .

Description of noncash property given

Date received

------------------------------------------------------------------------------------ --------- ------ - ---- --- $ ------ --- -- --- -- --- --- ---~-- --~----------

(r-~~ 99U~ 99U-EZ,' o°r 990-PFJ ~~4

RADNOR ENHANCEMENT COMMUNITY TRUST
EIN 23-7648974 2004 FORM 990-PF Part I - Line 11 Income - Other Source Bank Credit for non-negotiated certified check IRS Refund Total Part I - Lines 16 - 22 Operating and Administrative Expenses LINE Line 16a Line 18 DESCRIPTION Joan E. Kreider Bradwell Department of Treasury Part I - Line 23 Other Expenses Community Beautification Projects Project/Payee Louella Court Construction/Gen'I Highway Products, Inc . Louella Court Construction/Joseph Bucciarelli Inc . Louella Court ConstructionlLenni Electric Corporation St. Davids Park Fountain RepaiNJ .P. Smith Contractors Lancaster Ave. Street LightslArmori & Sons Electric North Wayme Ave. Improvements/Joseph Bucciarelli Inc . Amount $ 630.00 $38,135 .00 $ 331 .00 $ $ AMOUNT 1,800.00 11 .00 Amount $ $ $ 100 .00 6.00 106 .00

$ 3,600.00 $64,292 .00 $ 6,800.00 $ 103,788.00 $ $ $ 225.00 66.00 110.00

Payee/Purpose Commonwealth of Pennsylvania/Charitable Registration James Mansfiled Publishing/Public Notice of 990-PF Availablity Mainline Chamber of Commerce

TOTAL PROJECT EXPENDITURES OTHER

LINE 23 TOTAL

$ 104,189.00

RADNOR ENHANCEMENT COMMUNITY TRUST EIN 23-7648974 2004 FORM 990-PF
PART VIII 2004 - 2005 OFFICERS

Trustee - William H. McCoy, II c/o Legg Mason Two Town Place, Suite 100 Bryn Mawr, PA 19010 610-542-2910 Director- Stephen Bajus 937 E Haverford Road, Suite 200 Brm Mawr, PA 19010 610-527-4800 Director- Stephen J DiOrio 5 12 W Lancaster Ave Wayne PA 19087 610-687-3223

Director- Peter Gibbons-Neff

c/o Len Mason Two Town Place, Suite 100 Bryn Mawr, PA 19010 610-542-2908

Director- Clinton Stuntebeck Schnader I-Iamson Segal & Lewis 1600 Market Street, Suite 3600 Philadelphia, PA 19103 215-751-2034 Treasurer- David Bashore 301 Iven Ave Wayne, PA 19087 610-688-5600 Secretary- Kimberly Ann Warner c/o Legg Mason Two Town Place, Suite 100 Brvn Mawr, PA 19010 610-542-2929

RADNOR ENHANCEMENT COMMUNITY TRUST EIN 23-7648974 2004 FORM 990-PF Part X - Line 1 b

Average Monthly Cash Balances
Account 2004 Jan Feb-Mar 23 Mar 23 - Mar 31 Apr May June July Aug Sept Oct Nov Dec $ $ $ $ $ $ $ $ $ $ $ $ 213-241284 Beginning Balance 80,430 .64 65,704.50 65,721 .05 65,627.22 54,028 .29 50,449 .51 36,394 .20 36,345 .35 36,366.74 36,391 .97 36,430.66 36,463.35 *LM 397-96916 Ending Balance 65,704.50 65,721 .05 65,627.22 54,028.29 50,449.51 36,394.20 36,345 .35 36,366.74 36,391 .97 36,430.66 36,463.35 36,501 .25 Average Bal Monthly $ 73,067 .57 $ 65,712 .78 $ 65,674 .14 $ 59,827.76 $ 52,238.90 $ 43,421 .86 $ 36,369.78 $ 36,356.05 $ 38,379.36 $ 36,411 .32 $ 36,447.01 $ 36,482.30 Average Bal I Annually Total Average Bal Annually

$ $ $ $ $ $ $ $ $ $ $ $

$ 48,199.07 Account* 2004 Jan Feb-Mar 18* Mar 18 -Mar 31 Apr May June July Aug Sept Oct Nov Dec $ $ $ $ $ $ $ $ $ $ $ $ 213-368327 Beginning Balance 67,912.78 67,917.21 67,934.53 67,939.87 67,951 .34 67,346.29 39,973.63 56,165 .88 56,198.94 49,437.95 31,414 .09 31,442 .29 "LM 397-96916 Ending Average Bal / Average Bal Monthly Annually Balance 67,917.21 $ 67,914.99 67,934.53 $ 67,925.87 67,939.87 $ 67,937.20 67,951 .34 $ 67,945 .61 67,346 .29 $ 67,648.82 39,973 .63 $ 53,659 .96 56,165 .88 $ 48,069.76 56,198.94 $ 56,182 .41 49,437 .95 $ 52,818 .45 31,414 .09 $ 40,426 .02 31,442.29 $ 31,428 .19 43,005.55 $ 37,223 .92 $ 54,931 .76 * New accounts opened, old accounts closed $ 103,130.83

$ $ $ $ $ $ $ $ $ $ $ $

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