Source: https://www.scribd.com/document/25941571/Form-990-PF
Timestamp: 2017-03-29 17:22:39
Document Index: 336704111

Matched Legal Cases: ['art.\n1', 'art 11', 'art 89', 'art 11', 'art 11', 'art 1']

Form 990 PF | Irs Tax Forms | 501(C) Organization
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Depsmnern of the Treasury
Note: The organization ma be able to use a co
of this return to satisfy state repo rting
OMB No . 1545-0052
,20 [] Name change
G Check all that apply : (] Initial return Name of organization Use the IRS
Z Amended return
El Final return
RADNOR ENHANCEMENT COMMUNITY TRUST Schnader Harrison Segal 8 Lewis 1600 Market Street
See Specific City a town, state, and ZIP code Instructions . Philadelphia, PA 19103-7213
Number and sweet for P .O . box number if mail is not delivered to street address)
A Employer identification rwmber 23 .7648974 ts mepnone number see page lo or the instructions) ( 610 ) 542-2910
C It exemption application is pending, check here " D D 1 . Foreign organizations, check here 2. Foreig n organizations meeting the 8596 test, check here and attach computation , 0- LJ E If private foundation status was terminated
H Check type of organization : W] Section 501(c)(3) exempt private foundation 0 Section 4947(a)(1) nonexem pt charitable trust El Other taxable p rivate foundation 1 Fair market value of all assets at end J Accounting method : 0 Cash ElAccrual of year (from Part ft, col. (c), 0 Other (speci fy) line 16) t $ 148,343 (Part l, column ~ ust be on cash basis .) Analysis of Revenue and Expenses (The total of (a) Revenue and I
amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 10 of the instructions)) expenses per books
F IF the foundation is in a 60-month termination under section 507(b)(1)(B), check here , 0. D
stment (c) Adjusted net income Disbursements for charitable purposes
under section 5o7(b)(t)(A), check here ,
ll~ E)
~y~ Net im into
3 Interest on savings and temporary cash investments 4 Dividends and interest from securities . 5a Gross rents , .
Contributions, gifts, grants, etc ., received (attach schedule) Check " 0 if the foundation a not required to attach Sch . B Distributions from split-interest trusts .
10a b c 11 12 y 13 14
7 Capital gain net income (from Part IV, line 2) . 8 Net short-term capital gain 9 Income modifications
Gross sales less returns and allowances . Less: Cost of goods sold . . ~_ Gross profit or poss) (attach schedule) . Other income (attach schedule) . Total . Add lines 1 through 11 .
6) b (Net rental income or poss) 6a Net gain or poss) from sale of assets not on line 10 b Gross sales price for all assets on line 6a
0 0 0 0 0 0 0 0 o 0 0 0 0 0 0 0 0 0 0
15 a) X 1sa
17 18 19 c
Compensation of officers, directors, trustees, etc . Other employee salaries and wages
21 ~ 22 ~ 23
E 2 0 Omu,
uctions) De :)recia&~htry e) Wn depletion Travel, conferences, and meetings . Printing and publications Other expenses (attach schedule)
0 0 3,902 0 0 0 2,2oo 3,500 0 0 31 0 0 0 0 3.734 0
0 505 0 0 0 0 0 0 0 0 0 0 0 0 0 01
O 0 0 2,2oo 3,540 0 0 31 0 0 0 8 .734 u
~, 25
Total ex penses and disbursements . Add lines 24 and 25 Subtract line 26 from line 12 : a Excess of revenue over expenses and disbursements b Net investment income (if negative, enter -0-) . c Adjusted net income (if negative, enter -0-) .
Total operating and administrative expenses . Add lines 13 through 23 Contributions, gifts, grants paid .
505 Cat No . 11289X
For Paperwork Reduction Act Notice, see the instructions .
Form 990-PF (ZOOS)
Form 990-PF (2003) " 1 2 3 4 5 6 Attached schedules and amounts in the description column Balance Sheets should be for end-0f-year amounts onty. (See instructions .) Cash-non-interest-bearing . . . . . . . . . . . Savings and temporary cash investments . . . . , . . .. Accounts receivable t . . . . . . . . . . . . . . . . . . . . . . . -- . . . . . . . . . . . . . . Less: allowance for doubtful accounts " . . . . . . . . . . . . . . . . . . . . . Pledges receivable "-------------------------------------------less : allowance for doubtful accounts t . . . _ . _ . . . . . . . _ . . . _ . _ . Grants receivable , . , ,
Beginning of year (a) Book Value 0 193,306
Page 2 End of year (b) Book Value (c) Fair Market Value 0 148,343 ~MMMWE 0 148,343
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 t. . . . . . _ . . . _ _ . . _ _ . _ . . . _ . . _ _ . . . 8 inventories for sale or use . . 9 Prepaid expenses and deferred charges . 10a Investments-U.S . and state government obligations (attach schedule) b Investments--corporate stock (attach schedule) c Investments-corporate bonds (attach schedule) . 11 Investments-land, buildings, and equipment: basis 111 . . . . . . . . . . . . . . . Less : accumulated depreciation (attach schedule) t. . . . . . . . . . . . . . . . . . 12 Investments-mortgage loans 13 Investments-other (attach schedule) . 14 Land, buildings, and equipment : basis 10 . . . . . . . . . . . . . . . . . . . . . . . . . . Less: accumulated depreciation (attach schedule) ". . . . . . . . . . . . . . . . . . 15 Other assets (describe " -------------------------------------- 1 16 Total assets (to be completed by all filers-see page 16 of the instructions . Also, see p a g e 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 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ) Total liabilities (add lines 17 throu g h 22) . .
d 10 -i
5 .275
Organizations that follow SFAS 117, check here 110and complete lines 24 through 26 and lines 30 and 31 . 24 25 26 Unrestricted . , . . . , . . , . . , . , Temporarily restricted . Permanently restricted . . Organizations that do not follow SFAS 117, check here and complete lines 27 through 31 . , .
70,777 117,854
80,430 87,913 0 5o
' 0 N Q 61
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 fund balances (see page 17 of the instructions) . Total liabilities and net assets/fund balances (see page 7 7 of the instructions . Analysis of Changes in Net Assets or Fund Balances
188,831 193,9
148,343 148,343
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 274 . . . . . . . . , . . . . . . ccounts_Payable___ . . . . . ._ ., .___ .__ . ._ . ._ . .__ 3 Other increases not included in line 2 (itemize) t 4 Add lines 1, 2, and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Decreases not included in line 2 (itemize) " __,__ ._ . ._ . . . . ._ . . . . . . ._ ._ ._ . .__ . ._ ._ ._ . . . . . . . . ._ ._ ._ . ._ . . . . ._ . . . 6 Total net assets or fund balances at end of ear (line 4 minus line 5)-Part II, column (b), line 30 . .
18,631 5,275 148,343 O 148,3ri3 Form 990-PF (zoo3)
Form 990-PF (2003)
Capital Gains and Losses for Tax on Investmi
(a) List and describe the kind(s) of property sold (e.g ., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co .)
P-Purchase D-Donation
(~ Date sold (mo., day, yr.)
1a NOT APPLICABLE
(1) Depreciation allowed (w allowable)
(h) Gain or poss) (e) plus (0 minus (g)
C d :omplete only for assets 01 F.M.V. as of 12/31/69
in in column (h) and owned by the foundation on 12/31/69
Adjusted basis (k) Excess of col . ()
over col. p, if any
(Q Gains (Col. (h) gain minus col . (k), but not less than -0-) or Losses (from col .(h))
c d e 2 Capital gain net income or (net capital loss) .
If boss), enter -0- in Part I, line 7 -2 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If poss), enter -0- in Part f, line 8 . 3 " Qualification Under Section 4940(e) .for Reduced Tax on Net Investment Income .
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income .) If section 4940(d)(2) applies, leave this part blank . Was the organization liable for the section 4942 tax on the disuibutable amount of any year in the base period? o Yes If "Yes," the organization does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 17 of the instructions before making any entries . (d) (a) roi W
Base period years Calendar year (or tax year beginning in) Adjusted qualifying distributions Net value of noncharitable-use assets
318 10,601 51,188 0~ 18,917
172,284 120,183 101,893 25,933 ~ 31,805 2 3
Distribution ratio (col . (b) divided b col. (c))
.00 .09 .59 .00 .53
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 noncharitable-use assets for 2003 from Part X, line 5 .
5 Multiply line 4 by line 3 . . , . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . ,
1.13 .a28
37,601 5.05 37,608
6 Enter 1 % of net investment income (1% of Part I, line 27b) 7 Add lines 5 and 6 . . . . . . . . , . . . . .
89,484 8 8 Eater qualifying distributions from Part XII, line 4 . . . . . . . . . . . . . . . If line $ is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1 % tax rate. See the Part VI instructions on page 17 .
Fam 990-PF (2003) "
Page 4 j 5 05,
Excise Tax Based on Investment Income Section 4940(a ), 4940ft 4940(e), or 4948-see page 17 of the instructions)
1a Exempt operating foundations described in section 49400(2), check here " El and enter "N/A" on line 1 . Date of ruling letter. . . . . . . . . . . . . . . . . (attach copy of rating letter if necessary-see instructions) ~ b Domestic organizations that meet the section 4940(e) requirements in Part V, check here " 0 and enter 1% of Part I, line 27b . . . . . . c All other domestic organizations enter 296 of line 27b . Exempt foreign organizations enter 4% of Part I, line 12, col. (b) ~~ Z 2 Tax under section 511 (domestic section 4947(a)(1) vests and taxable foundations only. Others enter -0-) 3 3 Add lines 1 and 2 . . . . . , . . . . . . . . , . . . . . . . . . . . only. Others enter -0-) . 4 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations 5 5 Tax based on investment income . Subtract line 4 from line 3 . If zero or less, enter -0. . 6 Credits/Payments: 0 a 2003 estimated tax payments and 2002 overpayment credited to 2003 Sa 6b 0 b Exempt foreign organizations-tax withheld at source . . . , , 11 tic c Tax paid with application for extension of time to file (Form 8868) . 6d 0 d Backup withholding erroneously withheld . . . . . . . , , 7 7 Total credits and payments . Add lines 6a through 6d . . . Enter any penalty for underpayment of estimated tax . Check here D if Form 2220 is attached . Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed , . . . . . " Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid . . . " Refunded " Enter the amount of line 10 to be: Credited to 2004 estimated tax " Statements Regardin g Activities 8 9 10 11
11 0 S 5
e Enter the reimbursement (f any) paid by the organization during the year for political expenditure tax imposed O 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? . . . . . . . . . . . . . . , 5
1a 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) far political purposes (see page 18 of the instructions for definition)? . . . . . . . . . . . . . . if the answer is "Yes" to 1a or 7b, 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 Eater the amount (if any) of tax on political expenditures (section 4955) imposed during the year : 0 (2) On organization managers . " $ fl (1) On the organization . " $
Yes No la J
2 hill hill 3 4a 4b
Was there a liquidation, termination, dissolution, or substantial contraction during the year? If "Yes," attach the statement required by General Instruction T . 6 Are the requirements of section 508(e) (elating 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 in the governing instrument? . . . 7 Did the organization have at least 85,000 in assets at any time during the year? If "Yes,' complete Part 11, 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 G? If "No,"attach explanation 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942U)(3) or 49420(5) for calendar year 2003 or the taxable year beginning in 2003 (see instructions for Part XIV on 10 11 Did any persons become substantial contributors during the tax year? If "Yes, "attach a schedule listing their names and addresses. Did the organization comply with the public inspection requirements for its annual returns and exemption application? Web site address " NONE . .__ . . . . ._ .__ ._ ._ ._
page 25)? f "Yes," complete Part XIV .
10 J 1 . 11 1 .1 1
The books are in care of " William H_ McCox, .11 . .. . . .. ... . . .. ... . . . ... . ... ... . . .. ... . . . Telephone no. " __ .~610~ 542-2910 . . ... Located at " uo_Le~g_Mason. 27'oam.Place, 8ulte 100, Bryn .Mawr,_PA _______ ._, ._ .. . . ZIP+4 " ----------- 13010.. . ... . ... . Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041-Check here . . . . . " D and enter the amount of tax-exempt interest received or accrued during the year . . . 00- 1 13 1 Form 990-PF (2003)
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies. 1a During the year did the organization (either directly or indirectly): (1) Engage in the sale or exchange, or leasing of property with a disqualified person? . El Yes (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? . . . . . . . . . . . . . . . . . . . . . D Yes (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? D Yes (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . D Yes (5) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? , . , . , . . . . . . . . D Yes (6) Agree to pay money or property to a government official? (Exception . Check "No" if the organization agreed to make a grant to or to employ the official for a period
5 Yes No W No V No 0 No 0 No D No
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 tax year beginning in 2003? 2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942U)(3) or 4942(j)(5)): a At the end of tax year 2003, did the organization have any undistributed income pines 6d 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 income? (If applying section 4942(a)(2) " 20 ____ , 20 ____ , 20 ___. , 19 _ .3a Did the organization hold more than a 29'o direct or indirect interest in any business enterprise at any time during the year? . . . . . . . . . . . . . . . . .
to all years listed, answer "No" and attach statement-see page 19 of the instructions.) . . . . . . c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here. and 6e, Part Xlll) for tax year(s) beginning before 2003? . . . If "Yes," list the years " 20 _ .__ , 20 ._ ._ , 20 _ . ._ , 19 ----. . . . . . . . Yes Z No
after termination of government service, if terminating within 90 days .) . . . . . El Yes W 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 .49410-3 or in a current notice regarding disaster assistance (see page 19 of the instructions)? , Organizations relying on a current notice regarding disaster assistance check here . . . . " El
b If "Yes," did it have excess business holdings in 2003 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 period 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 period? (Use Schedule C, Form 4720, to determine if the organization had excess business holdings in 2003 .). . . . . . . . . . . . . , , , , 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 2003? . . , , Sa 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))? (2) Influence the outcome of any specific public election (see section 4955) ; or to carry on, directly or indirectly, any voter registration drive? . . . . . . . . . . . (3) Provide a grant to an individual for travel, study, or other similar purposes? . . . (4) (S) D Yes Yes 0 Yes 91 No 0 No 0 No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? . . , El Yes 66 No b If any answer is "Yes" to 5a(1)-(5), did arty of the transactions fail to qualify under the exceptions described in Regulations section 53 .4945 or in 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 If the answer is "Yes" to question 5a(4), does the organization claim exemption from the tax because it maintained expenditure responsibility for the grant? . . . . . . El Yes [] No If "Yes," attach the statement required by Regulations section 53.4945-5(d). 6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . . . . . . . . . . . . . . . . o Yes 91 No b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . . If you answered "Yes" to 6b, also file Form 8B70.
in section 509(a)(1), (2), or (3), or section 49400(2)? .
Provide a grant to an organization other than a charitable, etc ., organization described
e Yes W1 No
List all officers, directors, trustees, foundation managers and weir com nsation (see page 20 of the instructions)(dQI Contributions to (b) Title, and average (c) Compensation (e) Expense account, hours per week Qt not paid, enter employee benefit plans (a) Name and address other allowances
Information About Officers, Directors, Trustees, Foundation Managers, Nighty Paid Employees, and Contractors
devoted to position -0-) and deferred compensation
SEE ATTACHED LIST OF OFFICERS
NO OFFICEPt RECEIVED ANY COMPENSATION, BENEFITS, EXPENSE ACCOUNT OR EXPENSE REIMBURSEMENTS 2 Compensation of five highest-paid employees (other than those included on line 1-see page 20 of the instructions). If none, enter "NONE."
hours per week devoted to position
I employee benefrc I (e)0Expe~e account, plans and deferred er albwance s compensation
----------------- ----------------------------- ---------------------
Total number of other employees paid over $50,000 . 3 Five highest-paid independent contractors for professional services-(see page 20 of the instructions). If none, enter "NONE."
Name and address of each person paid more than $50,000
(b) Type of service I (c)
----------------------------------------------------------------------------------------------NONE
Total number of others receiving over $50,000 for professional services " . ' Summary of Direct Charitable Activities
List the foundation'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
Radnor Township Beautification - Historic Downtown Strei ------------------------------------------------ -----------------------2 Radnor Township Beautification - Louella Court
Page 7 Amount
" : Summa of Prog ram-Related Investments see p a ge 21 of the instructions Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. 1 NONE ----------------------------------------------- -------------------------------------------------- -------
Ail other program-related investments . See page 21 of the instructions . 3
Total . Add lines 1 throu g h 3 " Minimum Investment Return ~ (All domestic foundations must complete this . part . Foreign foundations, see page 21 of the instructions .) 1 a b c d e 2 3 4 5 6 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc ., purposes : la Average monthly fair market value of securities . . . . . . . . . . . . . . . . . . , . . 1b Average of monthly cash balances . , . . . . . . . . . . . . . . . 1C market value of all other assets (see page 22 of the instructions) . . . . . . . . . . Fair 1d Total (add lines 1a, b, and c) . . . . . . . . . . . . . . . . . . . . . . . or other factors reported on lines 1a and Reduction Gaimed for blockage 1c (attach detailed explanation) . . . . . . . . . . . . . . le . . . . . Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line 1d . . . . , . . . . . . . . . , . . . . , . , , Cash deemed held for charitable activities . Enter 11/z% of line 3 (for greater amount, see page 23 4 of the instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 l Distributable Amount (see page 23 of the .instructions) (Section 49420(3) and (0(5) private operating foundations and certain foreign organizations check here " 0 and do not complete this part.) 1 Minimum investment return from Part X, line 6 . . . . . . . . . . . . . 5.05 11 . . . , . , ~2a . Tax on investment income for 2003 from Part VI, line 5 0 Income tax for 2003 . (This does not include the tax from Part VI .) . . . 2b Add lines 2a and 2b . . . . . . . . . . . . . . . . Distributable amount before adjustments . Subtract line 2c from line 1 . . . Recoveries of amounts treated as qualifying distributions , , , , , , .4a Income distributions from section 4947(a)(2) trusts . . . . . , , , 4b Add lines 4a and 4b . . . . . . , . . . . . . . . . Add lines 3 and 4c . . . . . . . . . . . . . . . . . . . . . Deduction from disVibutable amount (see page 23 of the instructions) . . . . Distributable amount as adjusted . Subtract line 6 from line 5 . Enter here and line 1 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-B . . . . . . . . . . . . . . . . 2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc ., purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Amounts set aside for specific charitable projects that satisfy the : a Suitability test (prior IRS approval required) . , . . . . . . , . , . , . , . . . . . . . . . . . . . . . . . . b Cash distribution test (attach the required schedule) 4 Qualifying distributions. Add lines 1a through 3b . Enter here and on Part V, line 8, and Part XIII, line 4 . . 5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1% of Part I, line 27b (see page 24 of the instructions) . 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 qualifies for the section 4940(e) reduction of tax in those years. 1 1a lb 2 3a 3b 4 89,465 O 0 0 0 89,485 . . . . . 3 0n 5 6 7 8,230 0 8,230
0 167,200 0 167,200
167,200 2,508 164,692 8,235
. . . . . . . . . . on Part XIII,
89 .460 s whether the foundation Form 990-PF (zoo3)
1 2 Distributable amount for 2003 from Part XI, line 7 . . . Undistributed income, d any, as of the end of 2002 : Eater amount for 2002 only .
(aCorpus Years prior to 2002 2002 2003
b 3 a b c d e f 4
Total for prior years: 20-20-19 Excess distributions carryover, if any, to 2003 : 15,357 From 1998 . . . . , From 1999 47,066 From 2000 . . . . . 4,704 From 2001 . . . . , From 2002 Total of lines 3a through e . Qualifying distributions for 2003 from Part 89,485 X11, line 4: 10- $
Applied to 2002, 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 2003 distributable amount Remaining amount distributed out of corpus Excess distributions carryover applied to 2003 (If an amount appears in column (d), the same amount must be shown in column (a) .
67,127 0 0 0 0 0
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 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
e Undistributed income for 2002 . Subtract line 4a from line Za . Taxable amount-see page 24 of the instructions ,
f Undistributed income for 2003 . Subtract lines 4d and 5 from line 1 . This amount must be distributed in 2004, Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(q)(3) (see page 25 of the instructions),
Subtract line 6c from line 6b . Taxable amount-see page 24 of the instructions
0 15,357 133,005
Excess distributions carryover from 1998 not applied on line 5 or line 7 (see page 25 of the instructions) .
Excess distributions carryover to 2004 . Subtract lines 7 and 8 from line 6a Excess from 1999 .
Analysis of line 9: Excess Excess Excess Excess from from from from
47,066 4,704 81,235
Farm 990-PF (2003)
Private Ooeratina Foundations (see page 25 of the instructions and Part VII-A, question 9)
1a b 2a
If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2003, enter the date of the ruling . , , Check box to indicate whether the or nization is a rivate o perating foundation described in section 0 4942 0 )(3) or D 494. Enter the lesser of the adjusted net Tax ear Prior 3 ears (e) Taai income from Part I or the minimum (c) zoos (a 2003 (n) zooz (d) zooo investment return from Part X for each year listed 8590 of line 2a Qualifying distributions from Part XlI, lire 4 for each year listed . . . , Amounts included in line 2c rat used directly for active conduct of exempt activities 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 4942U)(3)(B)(Q . "Endowment' alternative test- Enter % of minimum 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)j, or royalties} Support from general public and 5 or more exempt organizations as provided in section 4942G)(3)(B)(iii) (3) Largest amount of support from an exempt organization (4) Gross investment income NOT APPLICABLE
Information Regarding Foundation Managers : List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2j)
J Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year-see page 25 of the instructions .)
b 2 List any managers of the foundation who own 10% 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 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 25 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 : MOT APPLICABLE c Any submission deadlines : PLOT APPLICABLE d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors: NOT APPLICABLE Form 990-PF (zoos)
Form 990-PF (2003) "
Page Excluded by section 512, 513, or 514 ~~c) Exclusion code (d) Amount (e) Rated or exempt function income (See page 26 of the instructions)
M Ana lys is of Income-Producin g Activities Unrelated business income Enter gross amounts unless otherwise indicated . a) Business code (b) Amount NOT APPLICABLE
1 Program service revenue: a
Gain or (loss) from sales of assets other than inventory Net income or poss) 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)
e f g Fees and contracts from government agencies Membership dues and assessments . Interest on savings and temporary cash investments Dividends and interest from securities Net rental income or Qoss) from real estate : a Debt-financed property b Not debt-financed property . Net rental income or poss) from personal property Other investment income .
.to .verify .caicul* . 13 Total. Add line 12, columns (b), (d), and (e) 13 ations.) (See worksheet in line 13 instructions on page 2 . Relationship of Activities to the Accomplishment of Exempt Purposes Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to Line No. the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes). (See page 26 of the instructions.) NOT APPLICABLE
a Transfers from the reporting organization to a noncharitable exempt organization of. (2) Other assets . . . . . . . . . . . . . . . . . . . . . b Other transactions: (1) Sales of assets to a noncharitable exempt organization . . . . . . (2) Purchases of assets from a noncharitable exempt organization . . . . (3) Rental of facilities, equipment, or other assets . . . . , . . . . (4) Reimbursement arrangements . . . . . . . . . . . . . . . (5) loans or loan guarantees . . . . . . , . . . . . . . . . (6) Performance of services or membership or fundraising solicitations . . c Sharing of facilities, equipment, mailing lists, other assets, or paid employees
(1) Cash . . . . . . . . . . . . . . . . . . . . . . . . .
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? . . . . . . . .
1a 2)
r 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 .
1b(2) 1b(3) 1b(4) ~/ 1b(5) 1b(6) 1c
1 .B(4)
$80,245 Radnor Township
Reimburse Radnor Township for cost of historically correct street lamps purchased by Radnor Enhance. ment Community Trust for the Trusts Lancaster Avenue restoration and rehabilitation project and erroneousN billed to Radnor Township .
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? b If "Yes," complete the followin g schedule .
(a) Name of organization ~
Under pena " s of
belief, it i
ue, corn
' ry, I declare th
- ~mp c
claration of prep
ave examined this return, including accom nying schedules and statements, and to the best of my knowledge and pa
other than taxpayer or fiduaary) is based on all information ofwhich preparer has any knowledge .
1 ignature of u~ cL 2.o d~
icer or trustee
~at~"
Signature of the instructions )Page 28 i
Preparer's SSN or PTfN
Preparer's ' signature
salt-employed ~
1 EIN 111Phone no .
Firm's name (or yours if self-employed), address,' and ZIP code
RADNOR ENHANCEMENT COMMUNITY TRUST EIN 23-7648974 2003 FORM 990-PF PART I
CONTRIBUTIONS Line la
Radnor Township 301 Iven Avenue Wayne, PA 19087-5204
Wayne Business Association 205 W. Lancaster Avenue Wayne, PA 19087
Total Contributions from Substantial Contributors All Other Contributions Line la - Total Contributions
$42,897 $ 500
$439397
RADNOR ENHANCEMENT COMMUNITY TRUST EIN 23-7648974 2003 FORM 990-PF PART I EXPENSES
Line 16a Legal Fees - Joan E. Kreider Bradwell Line 16b Accounting Fees - Schalleur and Surgent Line 18 Taxes - US Treasury $ 2,200.00 $ 3,500.00 $ 31.00
Line 23 Other Expenses
Commonwealth of Pennsylvania - Charitable Registration Fee James Mansfield Publishing - Public Notice of 990PF Availability Recreation Resource - Park BenchesRadnor Township - Historic Street Lights -Total Other Expenses (rounded)
$ 100.00 $ 60.35 $ 3,328.15 $ 80,245 .00 $ 83,734
Line 24 Total Operating and Administrative Expenses
RADNOR ENHANCEMENT COMMUNITY TRUST EIN 23-7648974 2003 FORM 990-PF
PART VIII 2003 - 2004 OFFICERS
Trustee - William H. McCoy, u c/o Legg Mason
2 Town Place, Suite 100 Bryn Mawr, PA 19010 610-542-2910
Director- Stephen Bajus
937 E. Haverford Road, Suite 200 Bryn Mawr, PA 19010 610-527-4800
Director- Stephen J. DiOrio
512 W. Lancaster Ave. Wayne PA 19087 610-687-3223
Director- Peter Gibbons-Neff c% Legg Mason 2 Town Place, Suite 100 Bryn Mawr, PA 19010 610-542-2908 Director- Clinton Stuntebeck Schnader Harrison 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 2 Town Place, Suite 100 Bryn Mawr, PA 19010 610-542-2929
Part X - Line 1 b Average Monthly Cash Balances
Account 2003 Jan-Mar'"* Apr-May* May-June* July - Aug'` Sept Oct Nov - Dec*
213-241284
Beqinninq Balance
89,420 .28 89,507.21 89,364.77 89,386.61 83,713.77 83,724.24 80,405.91
Ending Average Bal / Balance Monthly $ 89,507.21 $ 89,463.75 $ 89,364.77 $ 89,435.99 $ 89,386.61 $ 89,375.69 $ 83,713.77 $ 86,550.19 $ 83,724.24 $ 83,719.01 $ 80,405.91 $ 82,065.08 $ 80,430.64 $ 80,418.28
Average Bal / Annually
Total Average Bat Annually
$ 85,861 .14 Account 2003 Jan Feb-Mar* Apr-June** July-Sept"* Oct Nov Dec 213-368327 Beginning Balance $ 104,485.40 $ 105,151 .15 $ 113,353 .81 $ 120,198 .71 $ 120,250 .57 $ 62,136.88 $ 66,897 .95 Ending Average Bal / Average Bal Balance Monthly Annually $ 105,151 .15 $104,818 .28 $109,252 .48 $ 113,353.81 $ 120,198.71 $116,776 .26 $ 120,250.57 $120,224 .64 $ 62,136 .88 $ 91,193.73 $ 66,897.95 $ 64,517 .42 $ 87,912.78 $ 67,405 .36
$ 81,338.55 * Bi-monthly bank statements ** Tri-monthly bank statements
167,200.01
Departmem or the Treasuy Internal Revenue Service
RADNOR ENHANCEMENT COMMUNITY TRUST Organization type (check one) : Filers of: Form 990 or 990-EZ Section: El 501(c)( ) (enter number) organization
a3 :7sas97a
W] 501(c)(3) exempt private foundation
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(c)(7), (8), or (10) organization can check boxes) for both the General Rule and a Special Rule-see instructions.)
General Rule-
For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (n money or property) from any one contributor. (Complete Parts I and II .) Special RulesEl For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33Y3% support test of the regulations under sections 509(a)(1)/170(b)(1)(A)(vi) 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 of these forms. (Complete Parts I and II.)
O 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 111 .) D 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, same 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 exclusively religious, charitable, etc., purpose. Do not complete any of the Pacts 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 1 of their Form 990-PF, to certify chat [hey do not meet the filing requirements of Schedule 8 (Form 990, 990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ . Cat. No . 30613X Schedule B (Forth 980, 990-EZ, a 990-PF) (2003)
Schedule B (Farm 99U. 990-EZ, or 990-PF) (2003)
Name of organization Radnor Enhancement Community Trust
Employer identification number I 23 . 7648974
Page ?to aof Part I
Contributors (See Specific Instructions .)
(a) No . 1 (b) Name, address, and ZIP + 4 ff2ADNOR --------------------------------------------------------------------- .
301 IVEN AVENUE ---------------------------------------------------------------------WAYNE, PA 19087-5204 ---------------------------------------------------------------40,897 $ ------------------------- - -
Person Payroll 0 Noncash o (Complete Part II if there is a noncash contribution .)
Name, address, and ZIP + 4 WAYNE BUSINESS .ASSOCIATION. . . . . .. . ... . .. . . . . . .. . ... . .. . .. . . .. . . . . . .. . ..
205 WEST LANCASTER AVENUE ---------------------------------------------------------------------WAYfdE, PA 19087 ---------------------------------------------------------------
Type of contribution Person D
0 if there is
2,000 $ ----------------------- ._ .
Payroll Noncash (Complete Part
Name, address, and ZIP + 4 --------------------------------------------------------------------- . ---------------------------------------------------------------------_ _ __ _ .
Type of contribution Person Payroll Noncash 0 0
$ . . . ... . .. . ... . .. . ... . . . . ...
(Complete Part II if there is a noncash contribution .)
(b) Name, address, and 21P + 4 --- . . . . .---------------- .------ . .. . .----------------------- .--------- .
--------------------------------------------------------------------- . ---------------------------------------------------------------------~
$ . .. . . .. . .. . . . . . ... .. . . .. . ..
o o (Complete Part II if there is a noncash contribution.)
Name, address, and ZIP + 4 -------------------- .--------------- ._ . ._ . .-------------------------- . ---------------------------------------- . . .----------------------- . . . . _. (b) Name, address, and ZIP + 4 -------------------- .------------------------------------------------ .
-------- ------------ - . . .. . .. . . .. . .. . . - . . .. . .. . . .. . .... .. . . .. . .. . . .. . .. -----------------------~--------------------------------------------- -
Type of contribution Person Payroll Noncash 0 o 0
$ ---------------------------
(Complete Part 11 if there is a noncash contribution .)
Type of contribution Person Payroll 0
Schedule B (Form 990, 990-EZ, a 990-PF) (2003)
Schedule B (Form 990, 990-EZ, or 990-PF
to 3 of Part 11
Name of organization Radnor Enhancement Community Trust Noncash Property (See Specific Instructions .) (a) No. from Part 1 1
Employer Fd¢mifitation number 23 :7648974
IdOAf E ------------------------------------------------------------------------------------------------------------------------------------------$ . . .. . .. . . .. . .. . . . . . .. . .. . (a) FMV (or estimate) (see instructions) ----------~-----~-----------
NONE ---------------------------------------------------------------------$ ------------------------FMV (or estimate) (see instructions)
----------~-----i----------(d)
-------------------------------------------------------------------- . . (a) No. from Part I (b) Description of noncash property given I
$ ------------------------(c) FMV (or estimate) (see instructions) I
----------L ----I ---------(d) Date received
$ -------------------------
----------L ----I-----------
(a) No. from
(b) Description of noncash property given ---------------------------------------------------------- ------------------------------------- ._ ._ .. .------------------------------------
W FMV (or estimate)
$ ------------------------FMV (or estimate)
----------L ----I ----------
----------~-----I -----------
Schedule B (Form 880, 890"EZ, a 890-PFD (2003)
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