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LIST OF CONTRIBUTORS CONTINUED

RichSeaPak Corporation St. Joe Minerals Corporation Stewart Warner Foundation The First National Bank of Chicago Westvaco Corporation Whittaker Corporation Colt Industries, Inc. Heublein, Inc. Middle South Utilities, Inc. Raytheon Co. The Williams Companies Hershey Foods Corporation Hughes Tool Company The New York Times Co. Richardson-Vicks, Inc. Campbell Soup Company Lehman Brothers Kuhn Loeb AVCO Corporation Cameron Iron Works, Inc. Carpenter Technology Corp. Financial World General Reinsurance. Corp. Holiday Inns, Inc. Mutual Life Insurance Company of New York The Peoples Gas Light & Coke Company The Philadelphia National Bank Provident Charitable Trust Ex-Cell-o corporation Intel Corp. Rockwell International Corporation Amax Foundation, Inc. Baxter Travenol Laboratories, Inc. The Chase Manhattan Bank Celanese Corporation · Gould Foundation McGraw-Hill, Inc. Shell Companies Foundation The Morgan Guaranty Trust Company of New York NCNB Corporation United States Fidelity & Guaranty Company I Wachovia Bank & Trust Company McGraw-Edison Company Texas Instruments Incorporated American Brands, Inc. The Lear Siegler Foundation Texas Utilities Company Aluminum Company of America

LIST OF CONTRIBUTORS CONTINUED

Standard Brands
F. W. Woolworth co.
Litton Industries
R. J. Reynolds Industries, Inc.
The Charter Foundation, Inc.
Freeport-McMORan, Inc.
Boise Cascade Corporation
Chemical Bank
AMF Foundation
Bristol-Myers Company
The American Petrofina Foundation
Time Incorporated
Phillips Petroleum Company
NCR Corporation
Kellogg co.
The Equitable Life Assurance Society

of the United States
Xerox Corporation
The Pittston Company
Kerr-McGee Foundation
The InterNorth Foundation
CPC International
The Pfizer Foundation, Inc.
Witco Chemical Corporation
Schering-Plough Corporation
Bankers Trust Company
Allied Stores Corporation
Scott Paper Company
Sperry Corporation
Texaco U.S.A.
The Bank of New York

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(12)

Total Current Liabilities

$

30,520

(13)

Fund Balance

$1,399,756

(14)

Total Liabilities and Fund Balance

$1,430,276

(a) Various investments of $100,000 to $200,000

maturing between August 6, 1982 and October 28, 1982.

(b) Primarily telephone, insurance, courier service,

stationery, supplies, and security service.

Prepared by:
Checked by:

WBH/doc 8/3/82
PDB 8/3/82

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$

$

$

2
18,660

9,168
(2,056)

533

34.8
36.5
(84.5)

5.4

91,393 78,780 35,414 28,428 27,671

91,400 161,080 76,400 15,100 52,755

7 82,300 40,986 (13,328) 25,084

51.1 53.6 (88.3) 47.5

(14) (15) (16) (17) (18)

Purchase of books & subscriptions
Overtime
Misc.. freight, cartage
Repairs & alterations
Insurance

377 2,746 3,589

1,050 8,600 2,000

673 5,854 (1,589)

64.1 68.1 (79.5)

8,464 6,299 5,555 4,399 3,603

13,550 25,600 5,000 4,900 10,000

5,086 19,301

(555)

501 6,397

37.5 75.4 (11.1) 10.2 64.0

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[blocks in formation]

(5)
(6)
(7)
(8)

Expenses:

Rent
Salaries
Stationery & supplies
Temporary clerical help
Equipment serviced c rontod

$ 22,848

34,900
15,932
4,489
9,344

22,850
53,560
25, 100
2,433
9,877

(9)
(10)
(11)
(12)
(13)

Telephone
Professional fees
Miscellaneous
Agency fees
Travel

7,007
19,525
4,537
5,430
7,455

13,500
40,000
3,614

6,493
20,475

(9235
(5,430)
(2,455)

48.1
51.2
(25.5)

ND
(49.1)

25,341
23,025
22,959
15,550
11,416

43,500
90,000
49,256
8,000
5,000

18,159 41.7
66,975 74.4
26,297 53.4
(7,550) (94.4)
(6,416) (128.3)

5,000

(19)
:20)
(21)
!22)
(23)

Postage
Fringe benefits
Building supplies
Payroll taxes
Bank investment charges

14
1,359

910
787
220

750
14,833

517
3,041

736
13,474

(393)
2,254

(220)

(24)
125)
(26)
'27)
28)

Legal
time sharing expense
Heat « air conditioning
contingency

Total expenses

2,000
3,200
1,000
50,000
266,258

2,000
3,200

1,000
50,000
$ 123,940

100.0
100.0
100.0
100.0
46.5

$142,318

399,913

(29)

Fund Balance

revenues over expenses

$188,442

$

797,492

$(609,050)

(76.4)

$1,399,756

$2,294,498

$

(894,742)

(39.0)

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Based on information supplied, and assuming your operations will be as stated in your application for recognition of exemption, we have determined you are 'exempt fron federal income tax under section 501(c)(3) of the Internal Revenue Code.

Because you are a newly created organization, we are not now making a. final determination of your foundation status under section 509(a) of the Code. However, we have determined that you can reasonably be expected to be a publicly supported organization described in sections 509(a)(1) and 170(b)(1)(A)(vi).

Accordingly, you will be treated as a publicly supported organization, and not as a private foundation, during an advance ruling period. This advance ruling period begins on the date of your inception and ends on the date shown above.

Within 90 days after the end of your advance ruling period, you must submit to your key District Director information needed to determine whether you have met the requirements of the applicable support test during the advance ruling period.

If you establish that you have been a publicly supported organization, you will be classified as a section 509(a)(1) or 509 (a)(2) organization as long as you continue to meet the requirements of the applicable support test. If you do not meet the public support requirements during the advance ruling period, you will be classified as a private foundation for future periods.

Also, if you are classified as a private foundation, you will be treated as a private foundation from the date of your inception for purposes of sections 507(d) and 4940.

Grantors and donors may rely on the determination that you are not a private foundation until 90 days after the end of your advance ruling period. If you submit the required information within the 90 days, grantors and donors may continue to rely on the advance determination until the Service makes a final determination of your foundation status. However, if notice that you will no longer be treated as a section 509(a)(1) organization is published in the Internal Revenue Bulletin, grantors and donors may not rely on this determination after the date of such publication. Also, a grantor or donor may not rely on this determination if he or she was in part responsible for, or was aware of, the act or failure to act that resulted in your loss of section 509 (a)(1) status, or acquired knowledge that the Internal Revenue Service had given notice that you would be removed from classification as a section 509 (a)(1) organization.

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