Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation anon may be able to use a copy of this return !o sandy state reporting

M il Nm 1545--00&?

2001 'FOrr,, ~99Q-PF Dspmtrimt of Ne Tmavury Inoeme~Rwanue Ssvb Note The

Use tie IRS Name of organization

label Otherwise,' WILLIAM 6 FLORENCE WHEELER FOUNDATION

print rmiro..nn sea (a P o m. numna a mall b nod arh..a m men Warm)

ortypa " 1415 SOUTH ARVILLE STREET See Specific

City or town, seta, and ZIP code Instructions AS VEGAS NV 89102

H Check type of orpanvaUOn DC Section 501(c)(3) exempt private foundation 0 Section 4947(a)(1) nonexempt charitable gust 0 Other taxable private foundation

I Fair market value of all assets at end of year J Accounting method 0 Cash (from Part II, col (c), line 16) D Other (speedy) 111-$ 268 , 861 . (Pert I, column (d) must be on cash basis) part t Analysis of Revenue and Expensea R d

Employer Identification number

88-0233486 HooMwlb B Telephone number

103 702 233-1600 C u uvnpuon wenuuon o anaeq~ cn.a n... D 1 Foreign organizations, check here 2 Foreign organizations . . wuno m. esx w4

rnaw nere ena ethcn mrn,,udnon

E If private foundation status was terminated at under section 507(b)(1 )(A), check here

F Ii the foundation is in a 60-month terminal; under section 507 b 1 B check here

(d) Disbursements (e) evenuean (Ihe total of amounts In columns (b) expenses per (6) Net investment (e) Adjusted net for charitable (c),and(~maynotnecessanty equal income Income purposes books N/A (casnoasisony)

^7858 . 7 , 858 . , 'PATEMENTv.ln 5 , 786 . 1 , 786 . ~A~i'TT: x1E

r, .

15 9 61 .

15,961 . -22

f . .

' 4

�,n

~~_ ° °° °<;~ 29 , 605 . 25 , 605 . 0 . 0 . 0 .

2 , 889 . 1 1 445 . 0 . 3 , 121 . 3 , 121 . 0 .

557 . 0 . 0 .

6 .567 . 4 .566 . 0 .

1

auph 23 paid

an 5 ~~ 185 182 .1 4 , 566 . 178 615 . 1111912

8 E~ oirlvenuOWR6aPensaNECISEU'fsnmenb ,155' S7 / ~ ~ °,b.`w'2 ^aibts ~ .i

G Net investment income of enter-o-) 21 0 3 9 . e Ad justed not income at ~.v.ma mw-o) N/AYY

LHA For Paperwork Reduction Act Notice, see the Instructions Forth 990-PF (2001)

1 r'a 10 0009AC 09/10 'fAn7 AC/lOl1 iJTrrrnv 1 n111o~71v 1.vrv .+rc,1 onnn

the amounts in column 1 Contributions, grits, grants, etc , received

Check 11-M) nmeimrmamliemrewlieamammsme 2 Distributions from spid-interest trusts 3 Inirni en wlnw and mmVOM'

Csn InvoTSift

4 Dividends and interest from securities °"'° 5a Gross rents

6 (Not rental Inconrm, or lose) Nit naAa>+l~mwso awonat o~ 6a

c h ~c °'"° a`"' 13-1,63-7 . y aa~b on line 8. p ] GpIW on not Income (horn Pert W, line 2)

8 Nat short-term capital pain W 9 Income modifications

10a owe Walmanmma ND ells

v, b Lm Cmtalpoodsaold

C Gross profit or (loss)

11 Other Income 12 Total Add lines I throu gh 11 13 CompsnaeEOn of ohms al ncmn, eastern, etc

14 Other employee saWnes and wages 15 Pension plans, employee benefits 16a Legal fees b Accounting lees STMT 3

�", c Other professional fees STMT 4 i 17 Interest L to Taxes STMT 5

79 Depreciation and depletion 9 20 Occupancy a 21 Travel, conferences, and meetings

s

x ~YW ~-V:'y < i~ ~~4 E

'`Ki r

`` .h ;Ff~ .i »

. 0 . i~Y~ .̀k

t~,y~^ ~ 3

�.3~" �

500 000 . 500 000 . . ""

48 , 582 . -106 , 995 .'°°''~`~ 548 582 . 393 , 005 :

548,582 . 393,005 .

Organ lxatlnns that follow SFAS 117, check here ~ U and complete lines 24 through 26 and lines 30 and 31

u 24 Unrestricted 25 Temporanly restricted

cl 26 Permanently restricted v

Organizations that d0 not follow SFAS 117, check here ~ D 4 and complete lines 27 through 31

27 Capital stock, trust principal, or current lands u°, 28 Pald-m or capital surplus, or land, bldg , and equipment fund

29 Retained comings, accumulated Income, endowment, or other funds 30 Total net assets or fund balance: Z

548,58 -155_57

Fmm 990~PF Root)

2 T

Balance Sheets m11mNaYl00ibeOOF~YMn6aJ/.

1 Cash - non-interest-bearing 2 Savings and temporary cash investments 3 Accounts receivable 01

Less allowance for doubtful accounts 10, 4 Pledges receivable 01

Less allowance for doubtful accounts 01 5 Grants receivable 8 AeceNables due tram officers, directors, trustees, and other

disqualified persons 7 OTnnR[uiEImN~b 1

Less allowance for doutithil accounts

a 8 Inventories for sale or use y 8 Prepaid expenses and deferred charges

10a Investments -uS andstate qrnammemobligations STMT 6

6 Investments- corporate stock STMT 7 a Investments-corporate hands STMT 8

71 M~ waoiamAmewno~o= 110. tSmamWFaciyedabm 1

72 Investments - mortgage loans

13 Investments - other 14 Land, buildings, and equipment basis 1

L= zmmwaeaavmyam 15 Other assets (describe

77 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue ZO LLOIf hOT Ore CY", dllb'b7 WaGm, dIE OVIV 01lQUNI117G P~lI "

m 21 Mortgages and other notes payable J 22 Other liabilities (describe

z

Book Value (0) Book Value (e) Fair Market Value -9 , 714 . -4 , 443 . -4 443 . 181 890 . 33 , 469 . 1 33,469 .

96 , 238 . 136 111 . 140 265 . 227 868 . 227 868 . 99 , 570 . 52 , 300 . 0 . 0 .

Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), Ilne 30 (must agree with end-of-year figure reported on poor years return)

2 Enter amount from Part I, line 27a 3 Other increases pat included in line 2 (itemize) 4 Add lines 1, 2, and 3 5 Decreases not included m line 2 (itemize) 8 Total net assets or fund balances at end of veer (line 4 minus line 51- Part II . column (b) . li

izasn at 2a-02

(a) List and describe the kind(s) 01 property sold (e p , real estate, 2-story ho ck warehouse, or common stock, 200 sns MLC Co )

ORTH HEMPSTEAD N .Y . KU ELEC CAP I ALIFORNIA RURAL HOME MTG

(e) Gross sales price (0 Depreciation allowed (q) Cost or other bass (or allowable) plus expense of sale

in column (h) and owned by the foundation on 12/!1/69 (1) Adjusted basis (k) Excess of col (i) as of 12/31/69 over cot (]),it any

(I) Gains (Cal (h) pain minus cot (k), but oat less than -0-) or

Losses (from cot (h)) (I) FMV as of 12/31/69

=Yes 0 No

a shoo ratio-aed by cal (c))

.1778513

.1297890

.2108690

.5150860

.3199479

1 .3535432

.2707086

320,067 .

86,645 .

210 .

86 .855 .

4 Enter the oat value of nonchama6le-use assets for 2001 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

3

ssarF

for assets

-0233486

(c) Date acquired (E) Date sold (mo,day,yr) I (mo,day,yr)

(A) Gain or (loss) (e) plus (Q minus (g)

2 Capital gain net Income or (net capital loss) ~ It ?,am, also enter in Part I, hoe 1 It loss) . enter -0- in Part I, line 7

3 Net short-term capital pain or (loss) as defined In sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) If (loss) . enter-0-In Part I . line 8

f ran r 1 Vuauncanon under JeC[lon 4Y4UJe) ror neaucea 18)( on Net rove

(For opUOnal use by domestic private foundations subbed to the section 4940(a) tax on net investment income

It section 4940(4)(2) applies, leave this part blank

Was the organization liable for the secUOn 4942 tax on the distnbutahle amount of any year in the base penod7

1 Enter the appropriate amount in each column for each year, see instructions before making any entries

Ibl 1~1 Base penod years Calendar Year (artaxYear beanninain) Ad justed qualifying distributions Net value otnanchanGble-use assets

2 Total of line 1, column (0) 3 Avenge 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 A less than 5 years

8 Enter qualifying distributions from Part %1I, line 4 I a I 178,615 . If line 8 a equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax ate See the Pail VI Instructions

Form 990-PF (2mi) uasxi of-za-ax

7 a During the tax year, did the organ za6on attempt to influence any national, state, or local legislation or did R participate or intervene m " Yes No any political campaign? is X

6 Did d spend more than 2100 dunng the year (either directly or indirectly) for political purposes (see instructions for definition)? 1 h X If the answer is 'Yes' to 1 a or 1 b, attach a decoded descnp6on o! the activities and copies o! any materials published or disNbuted by the organization in connection with the actrvrties

s Did tie organization file Forth 1120-POL far this yeast ,1 c X d Enter the amount (It any) of tax on political expenditures (section 4955) imposed dunnp the year

(1) On the organization " $ 0 . (2) On organization managers " $ 0 . e Enter the reimbursement (A any) paid 6y the organization dunnp the year for political expenditure tax imposed on organization

managers " S 0 " 2 Has the organization engaged In any activities that have not previously been reported to the IRS 2

It 'Yes,' ettecA a detailed description of the activities 3 Has the org anization made an chan g es, not p revious ly re p orted to the IRS, in Its g overning instrument, articles of inco rp oration, or

bylaws, or other similar instruments? If 'Yes,' attach e conformed copy of the changes � 3X Oa Did the organization have unrelated business gross income of $7,000 or more during the yeah 4a X D It 'Yes,' has it filed a tax retain on Form 990-T for this yeah N/A 4D

5 Was there a liquidation, termination, dissolution, or substantial contraction during the yeah 5 X If 'Yes,' attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either "r 3

" By language in the povemlnp Instrument or ~ ̂ =Ys

" By slate legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing Instruments , 8 X

7 010 tie organization have at least E5,000 in assets at any time during the year? 7 X II 'Yes,' complete Pert 11, cot (c), and Pert XV

Be Enter the states to which the foundation reports or with which it is registered (see instructions) " ='°" ;f NEVADA

b lithe answer Is 'Yes' to line 7, has the organization famished 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 Jb~

B Is the organization claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(1)(5) for calendar ; �~~`< year 2001 or the taxable year beginning in 2001 (see instructions for Pan %IV)7 If 'Yes.' complete Part XIV 9~Y ~uX m

10 did any parsons become substantial contributors Aunnp the tax year? 10 X If 'Yes,' attach a schedule listing their names and addresses

11 Did the organization comply with the public inspection requirements for its annual retains and axe mpbon application? web site address 110- N/A

12 ihebooksareincareat " WILLIAM A . WHEELER Telephone no " (702) 233-1600 Lowtedat " 1415 SOUTH ARVILLE STREET #103, LAS VEGAS, NV ZiP+4 .89102

13 Section 4947(a)(7) nonexempt charitable trusts filing Forth 99o-PF in lieu of Form 1041 - Check here " 0 and enter the amount of fax-exempt Interest received or accrued during the year 10-1 19 1 N/A

oiaz~'+ox F. 990-PF (2mi) 4

''~rrrTw~R 1 11 1111111 gym,-1r . . ., n1n1 ,

PM'Fdt Excise Tax Based on Investment Income (Section 499U(a), 4940(b), 4940(e), or 49413 - see instructions) 1 a Exempt operating foundations described m section 4940(d)(2), check here b- L_J and enter UK on

Date of ruling letter (attach copy of ruling letter It neees:aryaes Indrudlon :) . b Domestic orpamratlons that meet the section 4940(e) requirements in Part V, check here " OX and enter 1 % ~ 1 210

of Part I, line 270 e All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 496 of Part I, line 12, col (D) ;. ~~ �,a~ ,

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter) ~,2 ~ ` ~0 . 9 Add lines 7 and 2 3 210 . d Subtitle A (Income) tax (domestic section 4947(a)(1) trusts and taxable foun0abons only Others enter -0-) 4 0 . 5 Tax based an investment Income Subtract tine 4 from tine 3 If zero or less, enter -0- 5 210 . 8 Credris/Payments a 2001 estimated tax payments and 2000 overpayment credited to 2001 6a ~ Exempt foreign organizations-tax withheld at source 6h e Tax paid with application for extension of hma to file (Form 8868) Be ~^'rsx '~ , d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 6d '^V7 ~ 0 .

8 Enter any penalty for underpayment of estimated tax Check here 0 d Form 2220 is attached 8 9 Tax Due It the total of lines 5 and 8 is mare than line 7, enter amount awed " 9 210 . 70 Overpayment It line 7 is more than the total of lines 5 and 8, enter the amount overpaid 10. ;_O 11 Enter the amount of line 70 to be Credited to 2002 estimated tax IN- Refunded " 11 Pmt VII-A- 1 Statements Regarding Activities

Forto 99o-PF ('. & FLORENCE WHEELER FOUNDATION 88-0233486 Pape5

File Forth 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? Yes 91 No (2) Borrow money from, land money to, or otherwise extend credit to (or accept R from)

a disqualffieG person? Yes CK No (9) Furnish goods, services, or facilities to (or accept them from) a disqualified person? 0 Yes D No (4) Pay compensation lo, or pay or reimburse the expenses of, a disqualified person? D Yes MI No (5) Transfer any income or assets to a disqualified person (or make any of erthar available

for the benefit or use of a disqualified person) ~ Yes D No (8) Agree to pay money or property to a government official? (Exception Check *No'

A the organization agreed to make a grant to or to employ the official for a period after termination o1 government service, A terminating within 90 days ) 0 Yes 0 No

6 If any answer is Yes'to 1a(7)-(6), CiA and of the acts fail to qualify under the exceptions described in Reputations section 53 4941(4)-3 or in a current nonce regarding disaster assistance (see page 19 of the instructions)? N/A Organizations relying on a current notice regarding disaster assistance check here

o 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 20017

2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942(1)(3) or 4942(j)(5))

e At the end of tax year 2001, did the organization have any undistributed income (lines 6d and tie, Part 7(111) for tax year(s) beginning before 20017 ~ Yes ~X No If Yes; list the years

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 years undistributed incomes (It applying section 49a2(a)(2) to all years listed, answer 'No' and attach statement - see instructions ) N/A

c If the provisions of section 4942(a)(2) are being applied to arty of Ne years listed in 2a, list the years here

3a Did the organization hole more than a 2% dual or indirect interest in any business enterprise at any time during the yeah 0 Yes O No

b I1 Yes,' did d have excess business holdings in 2001 as a result of (1) any purchase by the organization ar disqualified persons after May 26, 1969, (2) the lapse of the 5-year penad (or longer period approved by tie Commissioner under section 4943(c)(7)) to dispose of holdings acquired 6y grit or bequest or (3) the lapse of the 10- . 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine N the oryanneCOn tied excess bushes holdings !n 2001) N/A

4a Did the organization invest during the year any amount In a manner that would jeopardize its charitable purposes? h Did the organization make any investment in a prior year (hut after December 31, 1969) that could jeopardize it charitable purpose that

had not been removed from jeopardy before the first day of the tax year beginning in 20017 Se 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))? El Yes EKNo (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly,

any voter registration drive? T1111 LALJ NO (3) Provide a grant to an individual for travel. study, or other similar purposes ~ Yes Ell No (0) Provide a grant to an organization other lean a charitable, etc , organization described in section

509(a)(1), (2), or (3), or section 4940(d)(2)? 0 Yes ~ No (5) ProvidetoranypurposeotherNanrelipious,charrtabla,scientAlc,lderary,oreducahonalpurposes,ortor

the prevention of cruelty to children or animals ~ Yes ~X No b If any answer Is Yes'to Sa(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53 4945 or in a current nonce regarding disaster assistance (see instructions)? N/A Organizations relying on a current notice regarding disaster assistance check here

c II the answer is *Yes' to question Sa(4), does the orpan¢aUon claim exemption from the tax because it maintained expenditure responsibility for the grant? N/A Yes NO If 'Yes,' attach the statement required by Regulations section 53 4945-5(dJ

8a Did the organization, during the year, reserve any funds, directly or indirectly. to pay premiums an a personal benefit contract? Yes No

h Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract 11 you answered 'Yes' to 66 . also rile Form 8870

r gyp', N a ac ~ 3

s

corm 990-PF Rmi)

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Form 990~FF(200t) WILLIAM & FLORENCE WHEELER FOUNDATION 88-0233486 Page s Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (6) Title, and avarage (e) Compensation (cumcwaam e Ezpense

hours perweek devate0 ( if not aid, °'° °°°°~"'° accuunl,olher (a) Name and address topo;rtion enterpO-) m'~°~em~ew allowances

WILLIAM A . WHEELER RUSTEE

0 . 0 . 0 .

0 . 0 . 0 .

E

(e) Compensation

Total number o1 other employees paid over $50.000 3 Frva highest-paid independent contractors for professional services If none, enter "NONE."

(a) Name and address of each person paid more than $5D 000

Form B80-PF (frog 6

LAS VEGAS . NV

(a) Name and address of each employee geld more than $50,000

List we foundation's four largest direct charitable activities dunnp the tax year Include relevant statistical inlortna4on such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc ~N/A

2

3

4

m (e)~cp ense 2CCOUfI~, other allowances

Expenses

P8Ft X Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see instructions )

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc , purposes a Average monthly fair market value of securities h Average of monthly cash balances c Fair market value of all other assets d Total (add lines 1 a, b . and c) e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) 1B 2 Acquisition indebtedness applicable to brie 1 assets 3 Subtract line 2 from line 1d 4 Cash deemed held for charitable actrviLes Enter 1 1/20 of line 3 (for greater amount, sae Instructions) 5 Net value o1 nonohsrltahle-use assets Subtract line 41rom line 3 Enter here and on Part V, line 4 B Minimum Investment return Enter 5% of brie 5

232,076 . 92,865 .

0 .

part Xli Qualifying Distributions see instructions)

7

Form 990-PF(200i) WILLIAM 6 FLORENCE WHEELER FOUNDATION 88-0233486 Page 7

Part DC-B Summary of Program-Related Investments

Describe the two lamest oroaramreWteO investments made by the foundation aunno the tax year on boas t and 4 Amount

1

2

All other program-related investments Sea instructions 3

Total Add lines 1

DI9trIbUtBble Amount (see instructions) (Section 4942(j)(3) and (1)(5) pmate operating foundations and certain foreign organizations check here " and do not complete this part

1 Minimum Investment return from Part %, line 6 1 1-6 , 003 . 2a Tax on investment income for 2001 tram Part VI, line 5 2a 2 10 . D Income tax for 2001 (This does not include the tax from Part VI ) 26 c Add lines 2a and 2b 2c 210 .

3 Oistnbufa0le amount before adjustments Subtract line 2c from line 7 9 15 , 793 . 4a Recoveries of amounts treated as qualifying distributions 4a

06 Income distributions tram section 4947(a)(2) trusts 4h 0 . C Add lines 42 tad 46 �CC W 0

Add lines 3 and 4c 5 15 , 793 . g Deduction from GistnbuGble amount (see instructions) 1 B ~ 0 . 7 Dlstrlbutahle amount as adjusted Subtract line 6 tram line 5 Enter here and on Part X111 line 1 1 7 15,793 .

1 Amounts paid (including administraWe expenses) to accomplish charitable, etc , purposes a Expenses, contributions, gifts, etc -total from Part I, column (d), line 26 Is 178 F 615 6 Proprzm-reWteGinvestments -Total from Partl%-B 10 0 .

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , purposes 2 9 Amounts sat aside for specific charitable projects that satisfy the a Suitability test (poor IRS approval required) 3a 0 Cash distribution test (attach the required schedule) 9D

4 Qualifying distributions Add tines 1a through 3D Enter here and on Part V, line 8, and Part %11I, line 4 4 178 , 615 . 5 Organizations that qualify under section 4940(e) for tea reduced rate of tax on net investment

income Enter 5% of Part 1, line 27b 5 2 10 . 8 Adjusted qualifying distributions Subtract line 5 from line 4 ~ 8 ~ 178, 405 .

Note The amount on line 6 will be used in Pert V, column (b), fn subsequent years when calculating whether the foundation qualifies for the section 4940(a) reduction of tar m those years

Form 990-PF pope

127581 01-76-07

Form99o-PF(20ot) WILLIAM 6 FLORENCE WHEELER FOUNDATION 88-0233486 Page e

PaTtXI!! " Undistributed Income (see instructions)

(a) (b) (o) (d) Corpus Years prior to 2000 2000 2001

1 Drstnhuta6laamount for 2001 from Pail xi, line 7 15 , 793 .

2 Unalatrlbub0lnoomqlfwY,nalM*naolt00P

a Enter amount for 2000 only 0 hTOwtarPMryun 19 .19 .19 ``a;"- 0 . 'r.° ; ~~~` ;+(%'i Ercms aiMwUau cwyws. II vy m 2001

72 165 . a From 1996 h From 1997 41 8 , 7 " o~ 50 17 . Vm °~a~ " ~a `OF ;4 ~,

e From 7998 106 861 . dFrom 1999 77 184 . ~,i = `3'~~ ^'t`~ ``F ~~ysx`

..,. eFrom 2000 ITotal ofllnes3athrough e ~761~(311 .

4 Qualifying distributions for 2001 from Part %1I, line 4 " a 178 , 6 15 .

a Applied to 2000, but not more than line 2a ,~ 0~. D Applied to undistributed income of Onor . . ` years (Electlonrequired -seelnstruchons)

c Treated as disInbuhons out of corpus (Eledionrequired -seeinstrucllons) 0 .

EApplled to 2001 distnbuGble amount `a",' ` ' 15^ 79 3 . .°b~ eRemaining amount distributed outotcorpus , 162,822 .'+'

$ Exmi disMbuCOns mnyovs ep011ed b 2001 0

. ~ ^ 0 . of N NIGYIII ~p0lA IA WIYRYI (0), 71" ~ MOUIIL �WSy y,. .. K mua~ be snows In mwmn (U 1 ,t ~ ~y ̂ (~ "ss " ,+8;

6 Enter thenBt total oteach column a: Indicated below "ii

a coPu. Ana nm ai ~, d,a w sued n~. s 924 `,~l ~3 3 . ° ~~'° ~, `~ 1 h Prior years' undistributed income Subtract

line 4b from line 2b 0 . eEnter theamount otpnoryears' undistributed Income forwhich anotice of deficiency has been issued, or on which

N^, �:-

the section 4942(a) tax has teen previous y assessed 0 .

d Subtract line 6c from line 6b Taxable -'s < amount-see instructions 0 . ;"

e Undistributed Income for 2000 Subtract line 4a from line 2a Taxable amount-see instr "`'`y ` ° "'' ~~ 0

I Undistributed income for 2001 Subtract `'%' lines 4d and 5 from line 1 This amount must ~~ i � < < " be distributed In 2002 0 .

7 Amounts treated as distributions out of corpus to satisfy requirements imposed by '- `=V ~ �g °' section t70(b)li)(E) or 4942(g)(3)

0

B Excess distributions carryover from 7996 notapplied online 5orline 7 72 165 . ~to +`V ' '

9 Excess distributions sarryoverto2002 Subtract lines 7and8from tine 6a 851 968 .

10 Analysis ofline 9 =xA.FV>''' a Excess from is97 418 717 . hExcess from 7998 106 861 . sExcess from t999 77 , 184 . eExcess from 2000 86 , 384 . f~" ° - ;<`°N~~~~ eExcess from 200t 162 822 .

cwm 990.PF Rooi)

123571 of-zap

8

ON 88-02 (sea

1 a If the foundation has received a ruling or detertnina6on letter that A is a private operating toundahon, and the ruling is effective for 2001, enter the date of the ruling

6 Check box t0 indicate whether the organization is a mate o eratin }OUndat10n described in section U 4942(f)(3 ) of U 4942(1)( 5) 2 a Enterthe lesser of the adjusted net ~ Tax year T Prior 3 years

income tram Part I or the minimum ~1- (a) 2001 (C) 2000 (c) 1999 (d) 1998 (e) Total

investment retain from Pad X for I

each year listed e '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)

(2) Support from general public and 5 or more exempt organizations as provided in section 4942(l)(3)(B)(ni)

(3) Largest amount of support from an exempt organization

a My restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors NONE

each year listed b 85% of line 2a c Qualifying distributions from Part XII,

line 4 for each year listed d Amounts inducted in Una 2c not

used directly for active conduct of exempt activities

a Qualifying distributions made directly for acute conduct of exempt activities Subtract line 2d from line 2c

3 Complete 3a, b, or c far the alternative best retied upon

a 'assets' alternative test - enter (1) Value of all assets (2) Value at assets qualifying

under section 4942(j)(3)(B)(I) h 'Endowment allematrve test-

Enter 2/d of minimum investment retain sown in Part X, line 6 for

PI art XY l Supplementary Information (Complete this part only if the organization had $5,000 or more In assets at any time dunng the year-see page 26 of the instructions.)

1 Information Regarding Foundation Managers. a List any managers of the foundation who have contributed more than 2% of the fatal contributions received by the foundation before the close of any tax

year (but only d they have contributed more khan E5,000) (Sea section SW(d)(2) )

D 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 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, ate , Programs

Check here Illi' D A the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for lands It the organiuUOn makes grits, pants, etc (see instructions) to Individuals or organizations under other conditions, complete darns 2a, 6, c, and d

a The name, address, and telephone number of the person to whom applications should be addressed WILLIAM A . WHEELER 1415 SOUTH ARVILLE STREET #103, LAS VEGAS, NV 89102

h The forth In which applications should be submitted and Information and materials they should include SEE STATEMENT 9

c Any submission deadlines NONE

m 990-PF(2007) WILLIAM 4 evt XV Supplementary Inforr Grants and Contributions Paid Dudn

Recipient

Name and address (home or business)

a Peed dunng the year

70

Year or Approved for Future Payment It recipient is an individual, show any relationship to Foundation Purpose ofp rant or anv foundation mananer status 01 COntnbu60n

10

36 Total 129601A1-2407 Fo.mBBO-PF amid

10

SEE

le Approved for future payment

NONE

3a

Amount

Form 990-?F.(2001) WILLIAM b FLORENCE WHEELER FOUNDATION 88-0233486 Paaett

Pitrt,XYI "k Analysis of Income-Producing Activities

a h c a e I p Fees and contracts from government agencies

2 Membership dues and assessments 3 Interest on savings and temporary cash

investments 4 Dividends and interest from securities 5 Nat rental income or (loss) from real estate

a Debt-financed property h Not debt-financed properly

6 Net rental income or (loss) from personal property

7 Other investment income B Gain or (loss) from sales of assets other

than inventory 9 Net income or (loss) from special events 10 Gross profit or (loss) from sales at inventory 11 Other revenue

a 6 t a

181 15,961

co~980-PF (2roi)

Enter gross amounts unless otherwise indicated

1 Program service revenue

!8' bb111LVll~e Fiaua00o NcOOnm/ mJ

7

(h) EW � - (d) Related or exempt Amount ",.'�°: Amount Nnctlon income

e 12 Subtotal Add columns (b), (d), and (s) 0 . 1 29, 605 . 0 . 13 Total Add line 12, columns (b), (d), and (e) 10-13 29,605 . (See worksheet in line 13 instructions to verily calculations 1

art 3C1tM8 Relationship of Activities to the Accomplishment of Exempt Purposes

Line No I Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to tie accomplishment of ~ the organization's exempt purposes (other than by Drowdin0 funds for such purposes)

i old Uta oWmLCn dm-Mr of nal~¢cT/ engage n orb of Ta taCavMp "stA any offer ttGamhm 0n uctior, 50i(c) at P# Code (oCUr Ilui sxIan 50t ;e)r?; apaetrcUons, Olin 58MOM 52,

a Tnnshn Low the eeportnp 2-jyifatan h a nondurAaCewnOt aqtr, aL7n et 11J Gsn 121 OberLiSGS

e ONerTrmsttnons hJ Sales of asset to a nmcwlnaCk!)art:~t orpapmLon ~t (2) Purausx of nuts tram a qmKrar+UCw veno orpanmoun _ _ ~ f M21 ~ 31 PaItil7tta~n eGwmerltroEHrassB6 (a) 'nnrt0urs~+wit ~ranqarmx _ t (51 'Mnscrlwnpcua'r.oa t 9 (6) 1eRomwMe of servlCes or rne~iraho o~ fi~N~va~n~ sofic385ons , , 7

c Shrnq at paldw, ~Wiprtyrt, m2anq fus offer useh or pad ertrolayeu to I d ~f the varer "01ny otNe abrM a Yis.' emnWb 1M toAaasp schMi,h PuWnr (G) s1 :oWd tl,rn's show tM fair rnarke: ralue of Nn goods rUwassets,

orso"noos y~e~ ~yt~ npa~huq oyanmhm It o* orcanruaon rearvea less inu w, n]tl(4111c" N 1nt ( :fISiC1Cn 7f stormy amngertwm., :new n

2z tsMuo`gemd4nCVKUyoruM¢wOyaffiliated wifl,,nrfeWeGto oneormore tazrzurpt7~ammUOniGescnl+el Iit~alonSJt(t~o~A~Caae(aNartlunsea2oi501(e)131~ccmaocUOnSfi7 _ = Tut MY Mo

m e4s

OCT-19-02 70 45 FROM CBIZ SOUTHERN CAL INC ID 6y13?57009 PACE 6/7

Norio

10/10/0'L.-

0 Ut V, Q%:: il DRNI CBIZ SOUTHERN 7EJU:1

FOR 'N #200 5601 TRVXTU AVE ~wdzv~~BAKERSFIELD, CA 93305 E

WILLIAM & FLORENCE WHEELER FOUNDATION 88-0233486

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE

INTEREST INCOME

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

STATEMENT 2 DIVIDENDS AND INTEREST FROM SECURITIES FORM 990-PF

STATEMENT 3 FORM 990-PF ACCOUNTING FEES

(D) CHARITABLE PURPOSES

0 .

0 .

(F'+) (B) EXPENSES NET INVEST-PER BOOKS MENT INCOME

2,889 . 1,445 .

2,889 . 1,445 .

(c) ADJUSTED NET INCOME DESCRIPTION

ACCOUNTING FEES

TO FORM 990-PF, PG 1, LN 16B

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 4

(D) CHARITABLE PURPOSES

0 . 0 .

0 .

(C) ADJUSTED NET INCOME

13 STATEMENT S) 1, 2, 3, 4

AMOUNT

7,858 .

7,858 .

SOURCE

DIVIDEND INCOME

TOTAL TO FM 990-PF, PART I, LN 4

GROSS AMOUNT

5,786 .

5,786 .

CAPITAL GAINS COLUMN (A) DIVIDENDS AMOUNT

0 . 5,786 .

0 . 5,786 .

EXPENSES NET INVEST-DESCRIPTION PER HOOKS MENT INCOME

ADVISORY FEES 2,655 . 2,655 . QUARTERLY FEES 466 . 466 .

TO FORM 990-PF, PG 1, LN 16C 3,121 . 3,121 .

WILLZAM & FLORENCE WHEELER FOUNDATION

(C) ADJUSTED NET INCOME

(A) (B) EXPENSES NET INVEST-PER BOOKS MENT INCOME

557 . 0 .

557 . 0 .

TAXES

TO FORM 990-PF, PG 1, IN 18

U .S . AND STATE/CITY GOVERNMENT OBLIGATIONS

U .S . OTHER GOVT GOV T DESCRIPTION

136,111 . 140,265 . TOTAL TO FORM 990-PF, PART II, LINE 10A

FORM 990-PF CORPORATE STOCK STATEMENT 7

VERIZON SPRINT CORP .

TOTAL TO FORM 990-PF, PART II, LINE lOB

14 STATEMENT S) 5, 6, 7

FORM 990-PF

DESCRIPTION

TAXES

FORM 990-PF

NORTH HEMPSTEAD NY MUNICIPAL X PROVIDENCE RI SERIES H X GOV . NATL . MTG . ASSN . #046 X GOV . NATL . MTG . ASSN . #019 X

TOTAL U .S . GOVERNMENT OBLIGATIONS

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

BOOK VALUE

0 . 50,000 . 33,041 . 53,070 .

86,111 .

50,000 .

88-0233486

STATEMENT 5

(D) CHARITABLE PURPOSES

0 .

0 .

STATEMENT 6

FAIR MARKET VALUE

0 . 54,025 . 33,091 . 53,149 .

86,240 .

54,025 .

DESCRIPTION FAIR MARKET

BOOK VALUE VALUE

108,748 . 78,690 . 119,120 . 20,880 .

227,868 . 99,570 .

WILLIAM & FLORENCE WHEELER FOUNDATION

CORPORATE BONDS

DESCRIPTION

TU ELEC CAP I TR

0 . 0 . TOTAL TO FORM 990-PF, PART II, LINE lOC

FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 10 PAID DURING THE YEAR

1,250 .

N/A

N/A

N/A

N/A

N/A 10,000 .

15 STATEMENT S) 8, 9, 10

FORM 990-PF

88-0233486

STATEMENT 8

FAIR MARKET BOOK VALUE VALUE

0 . 0 .

FORM 990-PF PART XV, LINE 2B STATEMENT 9 APPLICATION REQUIREMENTS

DESCRIPTION

SUBMIT IN WRITING, NAME OF ORGANIZATION, DESCRIPTION OF CHARITABLE PURPOSE, USE OF FUNDS, RECIPIENT OF FUNDS

RECIPIENT RECIPIENT NAME AND ADDRESS STATUS PURPOSE OF GRANT

ALUMNI ASSOCIATION'S PUBLIC CHARITABLE HOOVER-LANGDON SCHOOL CHARITY BAKERSFIELD, CA

AMERICAN CANCER SOCIETY PUBLIC CHARITABLE BAKERSFIELD, CA CHARITY

AMERICAN HEART ASSOCIATION PUBLIC CHARITABLE BAKERSFIELD, CA CHARITY

BKFD COLLEGE ATHLETIC FOUND OPERATING CHARITABLE BAKERSFIELD, CA PRIVATE

FOUNDATION

BKFD COLLEGE ATHLETIC FOUND OPERATING CHARITABLE BAKERSFIELD, CA PRIVATE

FOUNDATION

BOY SCOUTS OF AMERICA PUBLIC CHARITABLE BAKERSFIELD, CA CHARITY

RECIPIENT RELATIONSHP AMOUNT

N/A

1,000 .

500 .

2,000 .

1,000 .

16 STATEMENT S) 10

. ,WILLZArl b FLORENCE WHEELER FOUNDATION 88-0233486

BOYS & GIRLS CLUB OPERATING CHARITABLE N/A FOUNDATION BAKERSFIELD, PRIVATE CA FOUNDATION 13,334 .

CALM PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 813 .

BOYS 6 GIRLS CLUB OF PUBLIC CHARITABLE N/A BAKERSFIELD BAKERSFIELD, CHARITY CA 5,000 .

CASA OF KERN COUNTY PUBLIC CHARITABLE N/A HAKERSFIELD, CA CHARITY 500 .

CAPITOL MINISTRIES PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 250 .

CSUB FOUNDATION OPERATING CHARITABLE N/A BAKERSFIELD, CA PRIVATE

FOUNDATION 132 .

FRIENDS OF MERCY FOUNDATION OPERATING CHARITABLE N/A BAKERFIELD, CA PRIVATE

FOUNDATION 100,000 .

GARCES ATHLETIC FUND PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 500 .

GARCES MEMORIAL HIGH SCHOOL PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 5,000 .

GOLDEN EMPIRE YTH FOOTBALL PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 150 .

JIM BURKE EDUCATION FOUND OPERATING CHARITABLE N/A BAKERSFIELD, CA PRIVATE

FOUNDATION 1,000 .

JUVENILE DIABETES FOUND OPERATING CHARITABLE N/A BAKERSFIELD, CA PRIVATE

FOUNDATION 1,000 .

PLANK FOUNDATION OPERATING CHARITABLE N/A BAKERSFIELD, CA PRIVATE

FOUNDATION 250 .

TOYS FOR TOTS PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 1,000 .

TUBEROUS SCHLEROSIS ALL PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 2,500 .

YMCA PUBLIC CHARITABLE N/A HAKERSFIELD, CA CHARITY 1,000 .

17 STATEMENT S) 10

-WILLIAM & FLORENCE WHEELER FOUNDATION 88-0233486

YOUTH CONNECTION PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 1,500 .

FIRST PRESBYTERIAN CHURCH PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 500 .

KERN COUNTY BOARD OF TRADE PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 100 .

KERN HIGH DISTRICT OPERATING CHARITABLE N/A EDUCATION FOUNDATION PRIVATE BAKERSFIELD, CA FOUNDATION 1,000 .

M .A .R .E . BAKERSFIELD, CA PUBLIC CHARITABLE N/A CHARITY 1,000 .

MARCH OF DIMES PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 100 .

REGENTS OF THE UNIVERSITY PUBLIC CHARITABLE N/A OF CALIFORNIA BERKLEY, CA CHARITY 12,000 .

SPARTAN FOUNDATION SAN OPERATING CHARITABLE N/A JOSE, CA PRIVATE

FOUNDATION 10,000 .

THE BAKERSFIELD LIGHT PUBLIC CHARITABLE N/A BRIGADE BAKERSFIELD, CA CHARITY 1,000 .

THE CALM FOUNDATION OPERATING CHARITABLE N/A BAKERSFIELD, CA PRIVATE

FOUNDATION 1,836 .

EAST HIGH GOLF PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 250 .

HEAVEN CAN WAIT SANCTUARY PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 1,000 .

R .M . PLYES BOYS CAMP PUBLIC CHARITABLE N/A BAKERSFIELD, CA CHARITY 150 .

TOTAL TO FORM 990-PF, PART XV, LINE 3A 178,615 .

excluded from net investment income

William 8 Florence Wheeler Foundation EIN # 88-0233486 Year Ended 5/31/02 Statement 11

This tax return has reported $5,786 m revenue from dividends and interest in securities

Included in this amount is interest income of $4,000 from State bonds Under section 103, gross income does not include interest on any State or local bond, therefore, this amount has been