form 990-pf return of private...

Form 990-PF

Do parVnmt of IM Treasury Internal Revenue service

For calendar Year 2002 . or tax

Return of Private Foundation OMB NO 154500

or Section 4947(ax1) Nonexempt Charitable Trust Treated as a Private Foundation

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

and

type of organization

(a) Revenue and expenses per books Expenses (The total of amounts m

columns b c, and d may not neces sarily equal the amounts in column a )

R E V E N U E MAY 116

6

0 P E R A T

N G

A N D

a O N a

W

Qr .̂i B

a Excess of revenue over expenses and disbursements

b NO investment Income (1 n¢qauva enter 0 )

see the instructions TEEA0503L 1012M2 Form 990-PF (2002)

Use the IRS label [VIEW FOUNDATION Otherwise, 20 CORPORATE WOODS BLVD oPrype ALBANY, NY 12211

See Specific Instructions

column c, line

private

Accounting method Other (specify)

518-965-9797 C If exemption application is pending, check here ~ D 1 Foreign organizations, check here - u

2Foieign organiutions meeting the BS% lest, check ndalion here and attach computation

Accrual E If private foundation status was terminated under section S07(b)(q(A), check here

i on^ ~ F If the foundation is `n a 60 month termination

(b) Net investment (c) Adjusted net (d) Disbursements income income for charitable

purposes (cash basis only)

Contributions gifts prams etc rtterveE (all sch)

Ck - a il me found i5 MI !Lc, 10 all $C11 B

2 Distributions from split interest trusts 3 Interest on savings and temporary

cash investments 4 Dividends and Interest from securities Sa Gross rents b (Nor rental

income or ppss) ) 6d Net qaiN(loss) lion sale of assets riot on line 10

to Gross soas prices for all assets on line 6a 287,280

Capital gain net income (from Part IV dine 2) B Net short-term capital gain 9 Income modifications

10 a Crass sales less returns and allowances

b Less Cost of goods sold

c Grass profit/(loss) (aft sch) 11 Other income (attach schedule)

12 Total Add lines 1 through 11 13 Compensation of officers directors trustees etc 14 Other employee salaries and wages

p 15 Pension plans employee benefits m 16a Legal fees (attach schedule)

b Accounting lees (attach sch) $E2 $L 2 N c Other prolfees (attach sch)

i 17 Interest p 18 Taxes (attach schedule) See Stmt 3 A T 19 Depreciation (attach schedule) and depletion v 20 Occupancy E 21 Travel conferences, and meetings E 22 Printing and publications p 23 Other expenses (attach schedule)

See Statement 9 N E 24 Total operating and administrative s expenses Add lines 13 through 23

25 Contributions gifts, grants paid SiQli $

26 Total expenses and disbursements

Part III 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 Pan I, line 27a 3 Other increases not included in line 2 (itemize) ~ See Statement - 6 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) w See Statement 7 6 Total net assets or fund balances at end of vear (line 4 minus line 51 - Part II . column (b). line 30

927 3,191,039

Form 990-PF (2002) BAA TEEA0302L 10123ID2

Form 990-PI At achea scneauies a,a amam¢ m I" description Beginning of year End of year

Part II Balance Sheets column slwuld be for end of year omoun6 only see insvuceons ~ (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non interest bearing 13,736 30,737 30,737 2 Savings and temporary cash investments 131,228 404,016 404,016

3 Accounts receivable

Less allowance for doubtful accounts ~ 4 Pledges receivable

Less allowance for doubtful accounts ~ 5 Grants receivable

6 Recervables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see instructions)

7 Other notes and loans receivable (attach sch) ~ I p ----------

Less allowance for doubtful accounts ~

5 8 Inventories for sale or use

E 9 Prepaid expenses and deferred charges T S 10a Investments - U 5 and state government

obligations (attach schedule) 195,313

b Investments - corporate stack (attach schedule) 1, 819,403 1,774,713 2,373,243

c Investments- corporate bonds (attach schedule) 835,320 996,568 1,013,089

11 Investments - land, 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)

15 Other assets (describe ~ ) 16 Total assets (to be completed by all filers -

see instructions Also, see age I, item I) 2,995,000 3,206,034 3,821,085 17 Accounts payable and accrued expenses

18 Grants payable 130,000 65,000 . A 8 19 Deferred revenue

20 Loans from officers, directors, trustees, 8 other disqualified persons L 1 21 Mortgages and other notes payable (attach schedule) T I 22 Other liabilities (describe ~ )

5 23 Total liabilities (add lines 17 through 22) 130,000 65,000

Organizations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31

N F Zq Unrestricted E U T N

u Temporarily restricted D 26 Permanently restricted

A S B Organizations that do not follow SFAS 717. check here w X S A and complete lines 27 through 31 E L T A 27 Capital stock, trust principal, or current funds 2,865,000 3,141 , 034 S N Zg paid in or capital surplus, or land, handing, and equipment fund

29 Retained earnings, accumulated income, endowment, or other funds O E R 5 30 Total net assets or fund balances (see instructions) 2,865,000 3, 191, 039 .

31 Total liabilities and net assetslfund balances

a

day year) day year)

b c a e

(i) Fair Market Value Q) Adjusted basis (k) Excess of column (i) as of 12131/69 as of 12131/69 over column 0) if any

2 Capital gain net income or (net capital loss) If gain, also enter in Part I, I~ne 7 {If (loss), enter -0 in Part I, line 7

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 instructions) It (loss), enter 0 in Part I line 8

TEEA0303L 1023/02

Form 990 FF 2002 k2k:V1k;W kOUNUA'1'lUN Part IV Ca ital Gains and Losses for Tax on Investment Income

(a) List and describe the kinds) of property sold (e g , real estate, (b) How acquire 2 story brick warehouse or common stock, 200 shares MLC Company) P- Purchase

D - Donation 1a

b c d

e (e) Gross sales pace (f) Depreciation allowed (g) Cost or other basis

(or allowable) plus expense of sale

633

a b

c a

in or (lass) (1) minus (g)

(I) Gains (Column (h) gain minus column (k), but not less

than 0 ) or Losses (from column (h))

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

If section 494D(d)(2) applies, leave this part blank

Was the organization liable for the section 4942 tax on the distri6utable amount of any year in the base period' E]Yes ~ No 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 instructions before making any entries

(a) (b) (c) (d) Base period years Adjusted qualifying distributions Net value of Distribution ratio

Calendar year (or tax year noncharitable use assets (column (b) divided by column (c)) beginning in)

2001 133,367 3, 486,762 2000 72,096 2,876,005 1999 ~ - 85,820 1,838, 385 1998 40, 855 1,203,91 1 1997 27,548 867,877

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 r3

4 Enter the net value of nonchardable use assets for 2002 from Part K, line 5 1 4

5 Multiply line 4 by line 3 1 5

6 Enter 1 % of net investment income (1 I of Part I, line 27b)

7 Add lines 5 and 6 I 7

8 Enter qualifying distributions from Par( XII, line 4 1 8 1 169,919

If 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 % tax rate See the Part VI instructions

BM Farm 990-PF (2002)

9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(1x3) or 4942x5) for calendar year 2002 or the taxable year beginning in 2002 (see instructions for Part %IV)7 If Yes 'complete Part)(111

10 Did any persons become substantial contributors during the tax years 10 X 11 Yes, attach a schedule listing their names and addresses

11 Did the organization comply with the public inspection requirements for its annual returns and exemption applications 11 X web site address w N/A

12 the books are .n care of - MICHELLE LECLAIR Telephone no " 518-965-9797 Located at - 20 CORD WOODS, ALBANY, NY ZIP + 4 . 12211

13 Section 4947(a)(I) nonexempt charitable trusts filing Form 990 PF in lieu of Form 1041 - Check here N/A w 13 and enter the amount of tax exempt interest received or accrued during the

Form 990 "PF (2002) TEenn0304L 10123102

1 a Exempt operating foundations described in section 4940(dx2), check here i" U and enter N/A' on line 1 I Dale of ruling letter (attach copy of ruling letter if necessary- see instructions)

b Domestic organizations that meet the section 4940(e) requirements in Part V 1 1,438

check here 1` Mand enter 1°.6 of Part I, line 27b

c All other domestic organizations enter 2°h of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (h)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0 ) 2 0

3 Add lines 1 and 2 3 1,438

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter 0-) 4 0 5 Tax based on investment income Subtract line 4 from line 3 If zero or less, enter -0- 5 1,438

6 Credits/Payments a 2(102 estimated tax pmts and 2001 overpayment credited to 2(102 6a 1,552 b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c

d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 6d 7 1,552 .

8 Enter any penalty for underpayment of estimated tax Check here F] if Form 2220 is attached 8

9 Tar due If the total of lines 5 and B is more than line 7, enter amount owed ~ 9

10 Overpayment II line 7 is more than the total of lines 5 and B, enter the amount overpaid ~ 10 119

11 Enter the amount on line 10 to be Credited to 2003 estimated tax ~ 114 Refunded ~ 11

Part VII-A Statements Regarding Activities

1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did it Yes No

participate or intervene in any political campaign7 1 a X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for detinibon)7 1 b X

II the answer is 'Yes' to la or lb, attach a detailed description o/ the activities and copes of any materials published or distributed by the organization in connection with the activities

c Did the organization file Form 1120-POL for this years 1 c X d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year

(1) On the organization ~ $ 0 (2) On organization managers ~ $ 0 e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on organization managers ~ $ 0

2 Has the organization engaged in any activities that have not previously been reported to the iRS7 2 X

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 II Yes,' attach a conformed copy o! the changes 3 X

4a Did the organization have unrelated business gross income of $1,000 or more during the years 4a X

b If 'Yes .' has it filed a tax return on Form 990-T for this years 4b X

5 Was there a liquidation, termination, dissolution, or substantial contraction during the years 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 " 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 instrumenl7 6 X

7 Did the organization have at least $5,000 in assets at any time during the years II 'Yes, complete Part If, column (c), and Par! XV 7 X

Ba Enter the stales to which the foundation reports or with which it is registered (see instructions) ~_

NEW YORK

b It the answer is 'Yes' to line 7, has the organization furnished a copy al Farm 990 PF to the Attorney General - (or designate) of each state as required by General Instruction G> I/'NO, attach explanation Bb X

r

X

(4) Provide a grant to an organization other than a charitable etc organization described in section 509(a)(1) (2), or (3), or section 4940(d)(2)7 n Yes X No

(5) Provide for any purpose other than religious charitable, scientific, literary or educational purposes, or for the prevention of cruelty to children or animals a Yes X~ No

b II any answer is Yes' to 5a(l) (5), did any of the transactions fail to qualify under the exceptions described in Regulations section 53 4945 or in a current notice regarding disaster assistance (see instructions)

Organizations relying on a current notice regarding disaster assistance check here

c If the answer is 'Yes to question Sa(4), does the organization claim exemption from the tax because it maintained expenditure responsibility for the grants N/A ~ Yes a 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 contracts Yes WNo

b Did the organization during the year pay premiums, directly or indirectly, on a personal benefit contract If you answered 'Yes' to 66, also /ale 8870

Form 990.PF (2002) BAA TEEn0305L 10123ro2

REVIEW FOUNDATION

File Form 4720 if any item is checked m the'Yes' column, unless an exception applies 1 a During the year did the organization (either directly or indirectly)

(1) Engage in the sale or exchange, or leasing of property with a disqualified persons F1 Yes X~ No

(2) Borrow money from, lend money lo, or otherwise extend credit to (or accept it from) a disqualified persons ~~--~Yes X No

(~ Furnish goods services or facilities to (or accept them from) a disqualified persons ~ ~ Yes X No (4) Pay compensation to, or pay or reimburse the expenses of a disqualified persons ~~ Yes X No

(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) F]Yes X No

(6) Agree to pay money or property to a government oHicial7 (Exception Check 'NO if the organization agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days ) ElYes XNo

b If any answer is 'Yes' to la(I) (6) did any of the acts tail to quality under the exceptions described in Regulations section 53 4941 (d) 3 or in a current notice regarding disaster assistance (see instructions) Organizations relying on a current notice regarding disaster assistance check here

c Did the organization engage in a prior year in any of the acts described in 1 a other than excepted acts, that were not corrected before the first day of the lax year beginning in 2002

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

a At the end of tax year 2002, did the organization have any undistributed income (lines 6d and 6e Part XIII) for tax year(s) beginning before 2002 FlYes u No If Yes, list the years 1` 20 , 20 , 19 19--

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 incomes (If applying section 4942(a)(2) to all years listed, answer 'No' and attach statement - see 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 X20 ,20 ,19 ,19

3a Did the organization hold more than a 2% Direct or indirect interest in any business enterprise at any lime during the years F]Yes X No

b II Yes' did it have excess business holdings in 2002 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 dis ose of holdinqs~ ac qwired by gifl or bequest, or (3) the lapse of the 10 , 15 , or 20 year first phase no ding periods (use Schedule C, Form 4720, to determine if the organization had excess business holdings in 2002)

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable puiposes7

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 2002

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))? F]Yes FXI No

(2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly, any voter registration drives 8 Yes XB No

(3) Provide a grant to an individual for travel, study or other similar purposes Yes X No

No

Form 990-PF 2002 REVIEW FOUNDATION 22-3252633 Part VIII Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,

and Contractors 1 List all officers, directors, trustees, foundation managers and their compensation (see instructions)

(b) Title and average (c) Compensation (d) Contributions to (e) Expense account, (a) Name and address hours per week (I( not paid, enter -0-) employee benefit other allowances

devoted to position plans and deferred

(b) Title and average hours per week

devoted to position

None

If none, enter'None Tvoe of service

Total number of others receiving over $50,000 for professional se

Part IX-A Summary of Direct Charitable Activities

List the foundation s four largest direct charitable activates during the tax year Include relevant statistical information such as the number of Expenses organizations and other beneficiaries served, conferences conven ed, r esea rch papers prod uced, etc

1 N/A ------------------------------------------------------

2

------------------------------------------------------

3 ------------------------------------------------------

------------------------------------------------------

4

------------------------------------------------------

BAA ,Een0306L 10123102

2 Compensation of five highest-paid em p (a) Name and address of each employee

paid more than $50,000

Total number of other employees paid over $50,000 3 Five highest-paid independent contractors for professional services-

(a) Name and address of each oerson paid mare than $50 000

None

(c) Compensation (d) Contributions to (e) Expense account employee benefit other allowances plans and deterred

------------------------------------------------------

------------------------------------------------------

------------------------------------------------------

Part X Minimum Investment Return (All domestic foundations must complete this pan 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 tail market value of securities b Average of monthly cash balances

c Fair market value of all other assets (see instructions)

d Total (add lines la, b and c) e Reduction claimed for blockage or other factors reported on lines la and lc

(attach detailed explanation) I 1 e I

2 Acquisition indebtedness applicable to line I assets 3 Subtract line 2 from line Id

4 Cash deemed held for charitable activities Enter 1 112% of line 3 (for greater amount, see instructions) 5 Net value of nonchantable-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4

739 .991

0

,eena3on iammz

Form 990-PF (2002) REVIEW FOUNDATION 22-3252633

Part IX-B Summary of Program-Related Investments see instructions)

7 N/A

2

All other program related investments See instructions 3 ------------------------------------------------------

Part XI Distnbutable Amount (see instructions) (Section a9420)(3) and 0)(5) private operating foundations and certain forei gn organizations check here i" and do not com lete this part )

1 Minimum investment return from Part K line 6 1 184,192 2a Tax on investment income for 2002 from Part VI line 5 2a 1,438 b Income tax for 2002 (this does not include the tax from Part VI ) 2b c Add lines 2a and 2b 2c 1,438

3 Dislributable amount before adjustments Subtract line 2c from line 1 3 182,754 4a Recoveries of amounts treated as qualifying distributions 4a b Income distributions from section 4947(x)(2) trusts 4b c Add lines 4a and 4b 4c

5 Add lines 3 and 4c 5 182,754 6 Deduction from distributable amount (see instructions) 6 7 Distnbutable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 182, 759

Part _X II Qualifying Distributions see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable etc purposes a Expenses, contributions gifts, etc - total from Part I, column (d), line 26 1 a 169,919 b Program related investments - Total from Part I% 8 1 b

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable etc, purposes 2

3 Amounts set aside for specific charitable projects that satisfy the a Suitability test (prior IRS approval required) 3a b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions Add lines la through 3b Enter here and on Part V line 8 and Part XIII, line 4 4 169,919

5 Organizations that quality under section 4440(e) for the reduced rate of lax on net investment income Enter 1 % of Part I line 27b (see instructions) 5 1,438

6 Adjusted qualifying distnbutions Subtract line 5 from line 4 1 6 ~ 168,481

Note The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years

BAA Form 990-PF (2002)

TEE/0308L 11/12/02

Form 990-PF (2002) REVIEW FOUNDATION 22-3252633 Page e

Part XIII Undistributed Income (see instructions)

(d) (a) (b) W Corpus Years prior to 2001 2001 2uu2

1 Distributable amount for 2002 from Part XI, line 7 182,754

2 Undistributed income, d any, as al the end al 2001

a Enter amount for 2001 only 161,775

b Total for prior years 20 -, 19 , 19 3 Excess distributions carryover, if any, to 2002

a From 1997 b From 1998 c From 1999

d From 2000

e From 2001 f Total of lines 3a through e 0

4 Qualifying distributions for 2002 from Part

x11, pine 4 ~ $ 169,919

a Applied to 2001, but not more than line 2a 161,775

b Applied to undistributed income of prior years (Election required - see instructions) 0

c Treated as distributions out of corpus (Election required - see instructions)

d Applied l0 2002 distributable amount e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 20D2 (if an amount appears in column (d), the same amount must be shown in column (a) )

6 Enter the net total of each column as indicated below

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 Q

b Prior years' undistributed income Subtract line 4b from line 2b 0

c Enter the amount of prior years undistribut ed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed 0 .

d Subtract line 6c from line 6b Taxable amount - see instructions 0 .

e Undistributed income for 2(101 Subtract line 4a from line 2a Taxable amount - see instructions

f Undistributed income for 2002 Subtract lines 4d and 5 from line 1 This amount must be distributed in 2003

7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)())(E) or 4942(9)(3) (see instructions) 0

8 Excess distributions carryover from 1997 not applied on line 5 or line 7 (see instructions)

9 Excess distributions carryover to 2003 Subtract lines 7 and 8 from line 6a

10 Analysis of line 9

a Excess from 1998

b Excess from 1999 c Excess from 2000

d Excess from 2001 e Excess from 2002

BAA Form 990-PF (2002)

d Any restrictions or limitations on awards such as by geographical areas, charitable fields, kinds of institutions or other factors

BAA MEno3ax 10123102 Form 990 "PF (2002)

Form 990.PF (2002) REVIEW FOUNDATION art xrv I rnvate Uperatmg rounaations (see instructions and Part VII A, question 9) 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling

is effective for 2002 enter the date of the ruling 10 b Check box to indicate whether the organization is a private operating foundation described in section 49420 )(3 ) or

2a Enter the lesser of the adjusted net Tax ear Prior 3 eats income from Part i or the minimum a) 2002 (b) 2001 c) 2000 d 1999 investment return from Part X for each year listed

b 85% of line 2a c qualifying distributions from Part XII,

line 4 for each year listed

d Amounts included in 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

3 Complete 3a, b, or c for the alternative lest relied upon

a 'Assets' alternative test - enter (I) Value of all assets

(2) Value of assets qualifying under section 49420)(3)(8)(i)

b'Endmvment alternative test- Enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed

c '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 mare exempt organizations as provided in section 4942(jx3)(Bxiii)

(3) Largest amount of support from an exempt organization

(4) Gross investment income this part onlv if the oraani:alion had 55 .000 or more in asset al anv time durino the

1 Information Regarding Foundation Managers

a 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)(2) ) None

b 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, etc, Programs Check here ' X if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds II the organization makes gifts, grants etc (see 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 n/a

b The form in which applications should be submitted and information and materials they should include n/a

c Any submission deadlines

Form 990-PF (2002) REVIEW FOUNDATION 22-3252633 Part XV Supplementary Information (continued)

BAA MEno3ioL ioiz3ioz Form 990-PF (2002)

Form 990 PF (2002) REVIEW FOUNDATION 22-3252633

Part XVI-A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelated business income Excluded by section 512, 513, or 514

(a) (b) (c) (d) (e) Business Amount Ewciu Amount Related or exempt

code von (unction income 1 Program service revenue code see instructions a

b c

d e

g Fees and contracts from government agencies 2 Membership dues and assessments

3 Interest on savings and temporary cash investments 14 76- 1 2-39 4 Dividends and interest from securities 14 38,107

5 Net rental income or (loss) from real estate a Debt financed property

b Not debt financed property 6 Net rental income or (lass) from personal property

7 Other investment income e Gain or (loss) from sales of assets other than inventory 18 -87,583 9,319

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

a TAX REFUND 6,623

b

c d

e 12 Subtotal Add columns (b), (d), and (e) ~ ~ 6,623 ~ ~ 26,763 ~ 9,319

13 Total Add line 12, columns (b), (d), and (e) 73 42,705 (See worksheet in the instructions for line 13 to verity calculations )

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

Line No Explain below how each activity for which income is reported in column (e) of Part XVI A contributed importantly to the V accomplishment of the organizations exempt purposes (other than by providing funds far such purposes) (See instructions )

Form 990-PF (2002) BAA reEno5o1i o11231o3

n Regarding Transfers To and Transactions and Relationships With Noncharitable ganizations

4 1 Did the organization directly or indirectly engage in any of the following with any other organization

described in section 501(c) of the Code (ether than section 501(c)(3) organizations) or in section 527 relating to political organizations?

a Transfers from the reporting organization to a nonchanlable exempt organization of (1) Cash

(2) Other assets b Other Transactions (1) Sales of assets to a noncharitable exempt organization

(2) Purchases of assets from a nonchantable 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

XyX

X 1b(1

lb(2 lb(3

1b(4 ib(5 lblfi lc

2a Is the organization directly or indirectl y 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 ~ Yes X No

b If 'Yes comolete the lollowina schedule

Name of of A

knoxviedge and What it is true

I /! /ti(f-iY " l.i(rCiC/L Signature of altar or trustee

Sign Prepares ~ Here Paid signature

Pre- /' pares s use Fim s ran^e, (or .a« eser L!P 1&1<51 I Sell em01oYe0) ~ only damns and ZIP cads 735 WErt up ft" 11m

BAA

Under penalties al penury 1 declare that I have exdm .neG IN, ~eWm incluUinq accompanying Schedules and slatemenis and to the Correct and tJ,Knplero Declaration of prepares (other than taxpayer or LCUUary) is basalt on all information of which preparer has an

of

Schedule B 'cFormssa,ssasz, Schedule of Contributors or 990-P~

Department of use Treasury Supplementary information for Internal Revenue s~N~~e line 1 of Form 990 . 990-EZ and 990-PF (see mst Name of organiximon

OMB M 1545 0047

Loot

Identification number

Organization type (check one)

Filers of Section

Form 990 or 990-EZ ~ 501(c)(-) (enter number) organization 4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization

Form 990-PF 501(c)(3) exempt private foundation 4947(a)(1) nonexempt charitable trust treated as a private foundation 501(c)(3) taxable private foundation

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 must check the box in the heading o/ then Form 990, Form 990 EZ, or on line I of their Form 990 PF, to certify chef they do not meet the filing requirements o/ Schedule B (Form 990, 990 EZ, or 990 PF)

Schedule B (Form 990 990 EZ, or 990-PF7 (2002)

TEEA0701L 01?3103

Check if your organization is covered by the General Rule or a Special Rule (Note Only a section 50I (c)(7), (8), or (10) organization can check boxes) for both the General Rule and a Special Rule - see instructions )

General Rule -

X~ For organizations filing Form 990 990 EZ or 990 PF that received, during the yeas, $5.000 or more (in money or property) from any one contributor (Complete Parts I and II )

Special Rules -

~For a section 501(c)(3) organization filing Form 990, or Form 990 EZ, that met the 33 1/3% support lest of the regulations under sections 509(a)(I)/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 I of these forms (Complete Parts I and II )

a 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 $I 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 )

For a section 501(c)(7) (8), or (10) organization tiling 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 (It this box is checked enter here the total contributions that were received during the year fog an exclusively religious charitable etc, purpose Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclushvely religious, charitable, etc, contributions of $5 000 or more during the year ) W $

BAA For Paperwork Reduction Act Notice, see the instructions for Forth 990 and Forth 990-Q

Schedule B Form 990 990 EZ, 990 PF 2002 Page 1 to 1 of Part I Nam! of oryaniaa4on Employer ideftfi<a4on numEer

REVIEW FOUNDATION 22-3252633

F~01't1 Contributors (See instructions

(a) (b) (c) (d) Number Name, address and ZIP +4 Aggregate Type of contribution

contributions

1 KMP CHARITABLE LEAD TRUST III _-----____ Person Payroll

20 CORPORATE WOODS-BLVD ---__-_-_------____-5----- 97-500- Noncash x

ALBANY, NY 12211 is aoP~cash contribution


contributions

2 KMP CHARITABLE LEAD TRUST VII Person Payroll

20 CORPORATE WOODS-BLVD ___-----_----__-----$-----250_000- Noncash

ALBANY, NY 12211 is (Compl ete Part if there

(a) (b) (c) (d) Number Name, address and ZIP +q Aggregate Type of contribution

contributions

Person Payroll

-------------------------------------5----------- Noncash

(Complete Part II if there is a noncash contribution )

(a) (b) (c) (d) Number Name, address and ZIP + 4 Aggregate Type of contribution

contributions

-_ -____ -- Person P

111

Nncash -------------------------------------$

(Complete Part II if there is a noncash contribution

(a) (b) (c) (d) Number Name, address and ZIP + 4 Aggregate Type of contribution

contributions

Person

Norncash

(Complete Part II it there is a noncash contribution )


contributions

Person

f $___________ Norn ash

(Complete Part II if there is a noncash contribution )

BAA TEEno7ozL aeiisioz Schedule B (Form 990 . 990 EZ, 990 PF) (2002)

Employer IGnNfiumn number Nema of wpsnira4on

Fart II Noncash Property (see specific instructions

(a) (b) (c) No from Description of noncash properly given FMV (or estimate) Part I (see instructions)

265 SHARES OF MJP SMALL CAP FUND, 386 SHARES OF MJP 1 TAXABLE FIXED INCOME FUND

------ $ 67,00 ~ 10/01/02

W cap FMV (or estimate) Date received (sea instructions)

(b) Description of noncash property given

(a) No from Part l

TEEP0703L Ofl115/02

(d) Date received

991 SHARES OF MJP TAXABLE FIXED INCOME FUND, 361 2 SHARES OF MJP LARGE CAP FUND, 992 SHARES OF MJP SMALL

CAP FUND ----------------------------------

S 195,000 10/01/02

(a) (h) (c) (d) No from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------------------------------------------------

________________________________________1S___________I_________

(a) (b) (c) (d) No from Description of noncash property given FMV (or estimate Date received Part I I I (see mstructions~ I

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1$

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - -

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

T (d)

N o from Description of noncash property given FMV (or estimate Date received P(aarlt I I I (see instructions~ I

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ]$ ------------------------------------------------------------------------------------------------------------------------ --------------------

(a) (b) W (d) No from Description of noncash property given FMV (or estimate Date received Part I I I (see mstructions~ I

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1$ ------------------------------------------------------------------------------------------------------------------------ --------------------

BAA Schedule 8 (Forth 990, 990.EZ, or 990-PFD (200

N/A - -------------------- ------- ----- -----

-------------------- -------------------- --------------------(e)

Transfer of gift Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

---------------------------------- ---- --------- ------------------------------

-------------------------- (a)

Description of how gift is held No from I Purpose of gift Part l

Use of gift

- -------------------- -------------------- -------------------- ------------ ------------

-------------------- (e)

Transfer of gift Transferee's name, address, and 21P+4 Relationship of transferor to transferee

---------------------------------- ------------------------ ----------------------------------

-------------------------- ---------------------------------- -------------------------- Description of how gift is held No from I Purpose o(giR

Part I Use of gift

---- ---- -------------------- - - - - - - - - - - - - - - - - - - - - - - - -

-------------------------- BAA Schedule B (Form 990, 990-EZ, or 990-PFD (200

TEEA0704L 0123103

Name of organization Employs identification number

REVIEW FOUNDATION I22-3252633 Part 111 Exclusively religious, charitable, etc, individual contributions to section 501(c)(7),(8), or (10)

organizations aggregating more than $1,000 for the year (Complete cots (a) through (e) and me following line entry)

For organizations completing Part III, enter total of exclusively religious, charitable etc, contributions of =1,000 or less for the year (Enter this information once - see instructions ) ~ $ N/A

(a) (b) (c) (d) No from Purpose of gift Use of gift Description of how gift is held Part I

------------------- -------------------- ---------------------------- ------------ ------------

-------------------- ------------------- I--------------------

I --------------------

M Transfer of gift

Transferee's name, address, and ZIP +q Relationship of transferor to transferee

-------------------------------------------------------------- -------------------------------------------------------------- --------------------------------------------------------------

(c) from Purpose of gift Use of gift Description of how gift is held art l

------------

----- (e)

Transfer of gift Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

REVIEW FOUNDATION

TAX REFUND $ 6 623 Total ,623

Cash Grants and Allocations

Class of Activity WELFARE Donee's Name CATHOLIC CHARITIES Donee's Address 40 MAIN AVE

2002

Statement 1 Form 990-PF, Part 1, Line 11 Other Income

Federal Statements Page 1

22-32526331

Statement 2 Form 990-PF, Pan I, Line 16b Accounting Fees

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable per Books Income Net Income Purposes

MR WIESER $ 350 $ 350 Total $ 350 $ 350 $ 0 $ 0 -

Statement 3 Form 990-PF, Part I, Line 18 Taxes

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable

her Books Income Net Income Purposes

FOREIGN TAXES $ 1 410 $ 1 410 Total 1~41F 1,4

Statement 4 Form 990-PF, Part I, Line 23 Other Expenses

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable

-per Books Income Net Income Purposes

FMAN FEES $ 3,765 $ 1,882 $ 1,883 FTC CUSTODY FEE 1,801 . 900 901 K-1 EXPENSES 16,599 8,299 8,300 LAW JOURNAL POSTING 85 85 NYS DEPT OF LAW 250 250

Total 22,500 $ 11,081 ~-- 0. 11,919

Statement 5 Form 990-PF, Part I, Line 25 Contributions, Gifts, and Grants

S

20,000

Class of Activity EDUCATION Donee's Name ACADEMY OF HOLY NAMES Donee's Address

ALBANY, NY

2002 Federal Statements

REVIEW FOUNDATION

Statement 5 (continued) Form 990-PF, Part I, Line 25 Contributions, Gigs, and Grants

ALBANY, NY 12203 Relationship of Donee NONE Organizational Status of Donee Amount Given

Class of Activity EDUCATION Donee's Name LASALLE SCHOOL FOUNDATION Donee's Address 319 WESTERN AVE

ALBANY, NY 12203 Relationship of Donee . NONE Organizational Status of Donee~ Amount Given

Class of Activity . WELFARE Donee's Name ST ANNE FOUNDATION Donee's Address P 0 BOX 6305


Class of Activity EDUCATION Donee's Name ST CASIMIR'S SCHOOL Donee's Address : 309 SHRIDAN AVE


Class of Activity EDUCATION Donee's Name ST GREGORY'S SCHOOL Donee's Address 121 OLD NISKAYUNA ROAD

LOUDONVILLE, NY 12211 Relationship of Donee NONE Organizational Status of Donee Amount Given

Class of Activity HEALTH Donee's Name ST PETER'S HOSPITAL FOUND Donee's Address 317 SOUTH MANNING BLVD


Class of Activity CULTURAL Donee's Name ALBANY INST HIST/ART Donee's Address . WASHINGTON AVE

ALBANY, NY Relationship of Donee : Organizational Status of Donee Amount Given

Page 2

22-3252633

2,500

2,500

2,500

10,000

1,000

2,500

Class of Activity RELIGIOUS Donee's Name ST ANNES CHURCH Donee's Address .

SEATTLE WA Relationship of Donee Organizational Status of Donee Amount Given 2,500

Class of Activity RELIGIOUS Donee's Name ST JOHN'S CHURCH Donee's Address

Relationship of Donee

2002 Federal Statements Page 3


Statement 5 (continued) Form 990-PF, Part I, Line 25 Contributions, Gifts, and Grants

Relationship of Donee Organizational Status of Donee Amount Given $ 25,000

Class of Activity EDUCATION Donee's Name MARIA COLLEGE Donee's Address 700 NEW SCOTLAND AVE

ALBANY, NY 12208 Relationship of Donee Organizational Status of Donee Amount Given 5,000

Class of Activity EDUCATION Donee's Name ST PIUS X Donee's Address . 23 CRUMMITTE ROD

LOUDONVILLE, NY 12211 Relationship of Donee Organizational Status of Donee Amount Given 5,000

Class of Activity OTHER Donee's Name JEFF SCHNEIDER FUND Donee's Address

ALBANY, NY Relationship of Donee NONE Organizational Status of Donee . Amount Given 500 .

Class of Activity EDUCATION Donee's Name COLLEGE OF ST ROSE -PLEDGE Donee's Address

ALBANY, NY Relationship of Donee NONE Organizational Status of Donee . Amount Given 10,000

Class of Activity WELFARE Donee's Name EQUINOX INC Donee's Address

Relationship of Donee Organizational Status of Donee~ Amount Given 10,000 .


Organizational Status of Donee Amount Given .

Class of Activity . Donee's Name Donee's Address

Relationship of Donee~ Organizational Status of Donee Amount Given


Relationship of Donee Organizational Status of Donee . Amount Given

Class of Activity Donee's Name Donee's Address

Relationship of Donee Organizational Status of Donee Amount Given







Class of Activity : Donee's Name Donee's Address

Relationship of Donee Organizational Status of Donee

S

1,500

WELFARE PETER G YOUNG FOUNDATION

Federal Statements

REVIEW FOUNDATION

CULTURAL ALBANY SYMPHONY ORCHESTRA

ALBANY, NY

EDUCATION BISHOP MCGINN HS

EDUCATION CHRISTIAN BROTHERS ACADEMY

ALBANY NY

WELFARE FATHER FLANIGAN

WELFARE HABITAT FOR HUMANITY

ALBANY, NY

WELFARE MCCAULEY RESIDENCE

ALBANY, NY

Page 4

22-3252633

2,500

2,500

12,000

7,000

1,000

5,000

S





RELIGIOUS ST CATHERINE OF SIENA

3,000

COST ADJUSTMENT $ 199 NON-DEDUCTABLE EXPENSES 233

Total 92


Amount Given

Class of Activity Donee's Name : Donee's Address

Relationship of Donee Organizational Status of Donee Amount Given .

Federal Statements REVIEW FOUNDATION

WELFARE REACET- TROY HOUSING AUTHORITY

TROY, NY

HEALTH RONALD MCDONALD HOUSE

ALBANY . NY

Page 5

22-3252633

5,000

1,000

19,000

Class of Activity Donee's Name VELIE FAMILY MEMORIAL Donee's Address

Relationship of Donee Organizational Status of Donee Amount Given 5,000

Total $ 158,500

Statement 6 Form 990-PF, Part III, Line 3 Otherlncreases

DECREASE IN GRANTS PAYABLE $ 65,000 TAX EXEMPT INTEREST 4 016

Total ~OT~

Statement 7 Form 990-PF, Part III, Line 5 Other Decreases

Total

Federal Statements Page 6


Statement 8 Form 990-PF, Part VIII, Line 1 List of Officers, Directors, Trustees, and Key Employees

Title and Contri- Expense Average Hours Compen- button to Account/

Name and Address Per Week Devoted sation EBP & DC Other RHEA P CLARK PRESIDENT $ 0 $ 0 $ 0 20 CORPORATE WOODS BLVD None ALBANY, NY 12211-2370

JAMES CLARK JR VICE PRESIDENT 0 0 0 20 CORPORATE WOODS BLVD None ALBANY, NY 12211-2370

KATHLEEN CLARK TREASURER 0 0 0 20 CORPORATE WOODS BLVD None ALBANY, NY 12211-2370

ELIZABETH CLARK TREASURER 0 0 0 20 CORPORATE WOODS BLVD None ALBANY, NY 12211-2370

(~KJ 4~7L Cynthia Byrd

Notary Public, State of New York No. 0 1 BY6056945

Qualified in Mugs Count), Comrtussion Expires April 09, 2003

STATE OF NEW YORK County of New York, s :

THE ANN UALR6T4HN OP I Shirley 'faybron, being duly sworn, says that she is the THE REVIEW FOUNDA- T/ON for the cBlendar year ended December 31, ~,, PRINCIPAL CLERK of the Publisher of the NEW YORK LAW .vellable et Ila PrInelPal of- flee located al eb Pleolte Compamw. 20 Corporate JOURNAL, a Daily Newspaper; that the Advertisement hereto Woods Boulevard Suuc 900 Albeny NY 12211 (SIBKBS.7+, for ~nepecua� Aurln,, annexed has been published in the said NEW YORK LAW regular bua'nc" hour by any citizen who requeaY I[ within 180 JOURNAL one time on the 24th day of February , 2003 . dayc her Prln- <IpalMenegeroftheFOUnde- [lon Is RHEA P CLAjiK

TO WIT FEBRUARY 24, 2003

SWORN TO BEFORE ME, this 24th day

Of February, 2003

Picotte Companies

REALIZED GAINS AND LOSSES

Review Foundation From 01-01-01 Through 12-31-01

Gain Or Loan Open Close Cost Dale Dale Quantity Setunty Basis Proceeds Short Term Long Term

06-29.99 02-19-02 2,000 0000 Immunex Corp New 42,750 00 56,671 85 13,921 85 02.12-98 06-05-02 1,000 0000 Snap-0n Inc 79,897 93 30,607 72 -9,29021 04-07-94 08-1 5-02 200,000 US Treasury Notes SR 195,712 50 200,000 00 4,687 50

B-2002 6 375% Due 08-15-02

TOTAL GAMS 000 18,609 35 TOTAL LASSES 000 -9,29021

277,960 .43 287,37957 Goo 9,31914 TOTAL REALIZED GAM/IASS 9,31914

form 990-pf return of private...

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