Return of Private Foundation or Section 4947(ax1) Nonexempt Charitable Trust Treated as a Private Foundation Note The organization may be able to use a copy o/ this return to satisfy state reporting requirements OMB No 1545 0052 202 Department olYU Treasury Internal Revenue Semce nor calendar ear 2002, or tax ear be mnin , 2002, and G Check all that a pp l y Initial return Final return Amended relu Use the IRS label THE DENNIS F AND KAREN M FRANK FAMILY Otherwise, FOUNDATION, INC aP~ype 1921 CHAPPARRALL COURT See Specific CROWNSVILLE, MD 21032 Instructions 52-232892 G If exemption applicahon is bending, check here ~ I I D 1 Foreign organizations, check here ~ LJ type of organization U Section 501(c)(3 exempt private foundation 2Fareign organizations meeting the 85% test check clion 4947 a 1 nonexem t charitable trust Other taxable rrvale foundation here and attach computation et va ue o al assets at en o ' year .1 Accounting method X Cash Accrual E II private foundation status was terminated ° u a Excess of revenue over expenses and disbursements b N .1 im .slmmt Income (d negative enter 0 ) C Ad ust .d nil income (d nepat,i,e enter 0 For Paperwork Reduction Act Notice, see the Form 990-PF (2002) ~ , n TEEA0503L 10177102 Form 990 -P F ieiepnone numxr see instrucuons) (from Part Ii, column c, line 16) Expenses (The total o/ amounts in columns b, c, and d may not neces- sarily equal the amounts in column a ) (see instructions 1 Contributions gifts grants etc rttened (act sch) Lk - M d the found u not rep In an SST B 2 Distributions from split interest trusts 3 Interest on savings and temporary cash investments 4 Dindends and interest from securities 01 Sa Gross rents b (Net rental income or (loss) 6 d Net qami(loss) from sale of assets not on line 1D b Gross sales Prices log all `"E assets on line 6a V 7 Capital pain net income (from Part IV ime 2) 8 Net short term capital gain 9 Income modifications 10a Gross sales less returns and allowances b Less Cost of goods sold c Gross profiV(loss) (att sch) 11 Other income (attach schedule) 12 Total Add lines 1 through 11 13 Compensation of officers duectws tristees em 14 Other employee salaries and wages A 15 Pennon plans, employee benefits M 16a Legal fees (attach schedule) i N ~o O 1 c her fir f afts'~00 E T 17 R 18 attach scheduleL A p T 7 19 N y ZO pancy E 21 eetin -s N 76 22 o v 23 N ac schedule) See Statement ] 5 24 Total operating and administrative s expenses Add lines 13 through 23 25 Contributions, grits, grants paid Stmt 2 26 Total expenses and disbursements under section 507(h)(1)(A), check here Other (specify) F II the foundation is in a 60 month termination column d must be on cash basis under section 507(bx1H8), check here (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements expenses per books income income I for charitable purposes (cash basis only) +, I I 1 " - - I I 1 4,601 0 0 "- - I e J_ 71 930 .1 . , ' . .
Transcript
Return of Private Foundation or Section 4947(ax1) Nonexempt Charitable Trust
Treated as a Private Foundation Note The organization may be able to use a copy o/ this return to satisfy state
reporting requirements
OMB No 1545 0052
202 Department olYU Treasury Internal Revenue Semce
nor calendar ear 2002, or tax ear be mnin , 2002, and G Check all that a pp l y Initial return Final return Amended relu Use the IRS label THE DENNIS F AND KAREN M FRANK FAMILY Otherwise, FOUNDATION, INC aP~ype 1921 CHAPPARRALL COURT
See Specific CROWNSVILLE, MD 21032 Instructions
52-232892
G If exemption applicahon is bending, check here ~ I I D 1 Foreign organizations, check here ~ LJ
type of organization U Section 501(c)(3 exempt private foundation 2Fareign organizations meeting the 85% test check clion 4947 a 1 nonexem t charitable trust Other taxable rrvale foundation here and attach computation et va ue o al assets at en o' year .1 Accounting method X Cash Accrual E II private foundation status was terminated ° u
a Excess of revenue over expenses and disbursements
b N.1 im.slmmt Income (d negative enter 0 )
C Ad ust .d nil income (d nepat,i,e enter 0
For Paperwork Reduction Act Notice, see the Form 990-PF (2002) ~ , n
TEEA0503L 10177102
Form 990-PF
ieiepnone numxr see instrucuons)
(from Part Ii, column c, line 16)
Expenses (The total o/ amounts in columns b, c, and d may not neces-sarily equal the amounts in column a ) (see instructions 1 Contributions gifts grants etc rttened (act sch)
Lk - M d the found u not rep In an SST B
2 Distributions from split interest trusts 3 Interest on savings and temporary
cash investments 4 Dindends and interest from securities
01 Sa Gross rents b (Net rental income or (loss)
6 d Net qami(loss) from sale of assets not on line 1D b Gross sales Prices log all
`"E assets on line 6a V 7 Capital pain net income (from Part IV ime 2)
8 Net short term capital gain 9 Income modifications
10a Gross sales less returns and allowances
b Less Cost of goods sold
c Gross profiV(loss) (att sch) 11 Other income (attach schedule)
12 Total Add lines 1 through 11 13 Compensation of officers duectws tristees em 14 Other employee salaries and wages
A 15 Pennon plans, employee benefits M 16a Legal fees (attach schedule) i N
~o O 1 c her fir f afts'~00 E T 17
R 18 attach scheduleL A p T 7 19 N y ZO pancy
E 21 eetin
-s N 76 22 o v 23
N ac schedule)
See Statement ] 5 24 Total operating and administrative s expenses Add lines 13 through 23
25 Contributions, grits, grants paid Stmt 2 26 Total expenses and disbursements
under section 507(h)(1)(A), check here Other (specify) F II the foundation is in a 60 month termination column d must be on cash basis under section 507(bx1H8), check here
(a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements expenses per books income income I for charitable
purposes (cash basis only)
+, I
I
1
" - - I I 1
4,601 0 0 "- - I
e J_
71
930 .1 . , ' . .
Form 990~PF (2002) THE DENNIS F AND KAREN M FRANK FAMILY nnachee schedules and a=--t s,. the aew.pbon Beginning
Part II Balance Sheets col=n yob be log end of year artpunh anN (a) Book' (see msUucbons ) 1 Cash - non interest bearing 2 Savings and temporary cash investments 3 Accounts receivable ---------- 'u' _' _'
Less allowance for doubtful accounts 4 Pledges receivable
Less allowance for doubtful accounts w 5 Grants receivable 6 Recervahles due from offers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions) 7 Other notes and loans receivable (attach sch) ~
q ---------- ` Less allowance for doubtful accounts ~
S 8 Inventories for sale or use 9 Prepaid expenses and deferred charges T
S 10a Investments - U 5 and stale government obligations (attach schedule)
b Investments - corporate stork (attach schedule) c Investments - corporate bonds (attach schedule)
17 Investments - land, buildings, and equipment basis Less accumulated depreciation (attach schedule)
12 Investments - mortgage loans 73 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 a e 1, item I) L 17 Accounts payable and accrued expenses
79 Grants payable A B 19 Deterred revenue
20 Loans from officers, directors, trustees, 8 other disqualified persons L 1 21 Mortgages and other notes payable (attach schedule)
22 Other liabilities (describe ~ )
52 2 End of year
Book Value (c) -Fair Market
Organizationsthat follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31 .
N F 24 Unrestricted E U T N ZS Temporarily restricted D 26 Permanently restricted
Organizations that do not follow SEAS 117, check here ~ X 5 A and complete lines 27 through 31
27 Capital stock, trust principal, or current funds 2 , 000 2 T A S N 28 Paid in or capital surplus, or land, building, and equipment fund
O E 29 Retained earnings, accumulated income, endowment, or other funds R S 30 Total net assets or fund balances (see instructions) 2 , 000 2
31 Total liabilities and net assetsllund balances see instructions) 2, 000 2,
PaR'lll Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end of year figure reported on prior year's return)
2 Enter amount from Part 1, line 27a 3 Other increases not included in line 2 (itemize) 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 year (line 4 minus line 5) - Part It, column (b), line 30
BAA TEErwoa iwivoz Form 990-PF (200
0 .
i yi.--
- .J
3 ' 'f
9
(I) Gains (Column (h) gain minus column (k), but not less
than 0 ) or Losses (from column (h))
e
2 Capital gain net income or (net capital loss) ~If gain, also enter in Part I, line 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) If (loss), enter -0
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) N/A
If section 494A(d)(2) applies, leave this part blank
Was the organization liable for the section 4942 tax on the disinbutable amount of any year in the base period? F1 Yes O No If 'Yes,' the organization does not quaky 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) 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
1997
2 Total of tine 1, column (d) 2-
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 3
4 Enter the net value of noncharitable-use assets for 2002 from Part X, line 5 4
5 Multiply line 4 by line 3 5
6 Enter 1 % of net investment income (1 Y, of Part I, line 27b) 6
7 Add lines 5 and 6 7
8 Enter qualifying distributions from Part XII, line 4
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 °/. lax rate Seethe Part VI instructions
BAA Form! reen0303L 10/z3/02
(2002)
irm 990',P!62002) THE DENNIS F AND KAREN M FRANK FAMILY ,,,'IV ital Gams and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e g , real estate, lPl w 2 story brick warehouse, or common stock, 2(0 shares MLC Company) p
to N/A b c d e
(e) Gross sales price (0 Depreciation allowed (g) Cost or other basis (or allowable) plus expense of sale
a b c d e Complete only (or assets snowing gain in column and owned t j~ foundation on 12/31/69 n Fail Market Value Q) Adjusted basis (k) Excess of column (i)
as of 12/31/69 as of 12/31/69 over column 0), if any
a
2
day rear) I cam day yrap
(h) Gain or (loss) (e) plus (0 minus (g)
TEEn0304L iaM102
'art VI' Excise Tax Based on Investment Income Sen~on 4440 a , 4940(b ), 4940(e), or 4948 - see instructions 1 a Exempt operating foundations described in section 49a0(d)(2), check here I and enter'N/A' on line 1 _y
Date 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, 0 . check here ~ O and enter l Y of Part 1, line 27b °
c All other domestic organizations enter 2% of line 21D Exempt foreign organizations enter 4°/, of Part I, line 12, column (b) 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 0 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 0 . 6 Credits/Payments a 2002 estimated tax pmts and 2001 Overpayment credited to 2002 6a - '-
n b Exempt foreign organizations - tax withheld at source 6b ~ - c Tax paid with application for extension of time to file (Form 8868) tic d Backup withholding erroneously withheld 6d
7 Total credits and payments Add lines 6a through 6d 7 0 8 Enter any penalty for underpayment of estimated tax Check here a if Form 2220 is attached 8 9 Tax due If the total of line 5 and 8 is more than line 7, enter amount owed ~ 9
10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ~ 10 11 Enter the amount on line 10 to be Credited to 2003 estimated tax ~ Refunded ~ 11 'art VII-A Statements Regarding Activities
7 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 campaigns " 7 a X
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see insVUCGons for definition)? 1 b X ,
II the answer is 'Yes' to 1a or Ib, attach a detailed description of 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 (or this years 1 c X d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year " ,� J
(1) On the organization ~ $ 0 (2) On organization managers ii~ $ 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 riot previously been reported to the IRS? 2 ~ X 11 'Yes,' attach a detailed description of the activities '.
3 Has the organization made any changes, riot previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar insfruments7 If 'Yes,' attach a conformed copy of the changes 3 }S
4a Did the organization have unrelated business gross income of $1,000 or more during the years 4a h b If 'Yes,' has it filed a lax return on Forth 990~T for this years 4b N /A
5 Was there a liquidation, termination, dissolution, or substantial contraction during the years 5 h 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 m the governing instrument or
" By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict ~~ ~ - 1-"
with the state law remain in the governing inslrument7 6 X 7 Did the organization have al least =5,000 in assets at any lime during the years If 'Yes,' complete Part ll, column (c), and Part XV 7 X Sa Enter the states to which the foundation reports or with which d s registered (see instructions) ~-- _- _ _'
N/A ------------------------------------------------------- .-s ue... b If the answer is 'Yes' W 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~ I!'Na,' attach explanation B h N A
9 Is the organizaUOn claiming status as a private operating founeabon within the meaning of section 49420)(3) or 49420x5) for calendar year 2002 or ~----- ~--- ", the taxable year beginning in 2002 (see instructions (or Part Xlh7 If 'Yes,'complete Part XlY 9 X
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 in care of - SAME Telephone no Located at - ZIP + 4
13 Section 4947(a)(1) nonexempt charitable (rusts filing Form 990 PF in lieu of Form 1041 - Check here NlA ~
Form 990-PF (2002)
. . " Yes XaNo
Yes X No Yes X No Yes X No
Yes XaNo
Yes XNo
(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 after termination of government service, if terminating within 90 days )
b If any answer is 'Yes' l0 1a(1) (6), did any of the acts tail to qualify under the exceptions described in Regulations section 534941(d)-3 or in a current notice regarding disaster assistance (see inslructions)7 Organizations relying on a current notice regarding disaster assistance check here
c Did the organization engape in a prior year in any of the acts described in la, other than excepted acts, that were not corrected before the fast day of the tax year beginning in 2002
~tb N A ., 11~ 1:1 lc X
(5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals E]Yes Xa No '
b If any answer is 'Yes' to Sa(i)-(5), did any of the transactions fad to qualify under the exceptions `~ described in Regulations section 53 4445 or in a current notice regarding disaster assistance (see inslructions)7 5t 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 lax because it maintained expenditure responsibility for the grants N/A [] Yes r] No ' 11 'Yes,' attach the statement required 6y 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? Yes NNo
b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6t 11 you answered 'Yes' to 66 . also Me 8870
BAA Form 990-PF (2002) hEn0305L 10123ro2
AND KAREN M FRANK
File Form 4720 if any item is checked in the 'Yes' column, unless an exception applies . 7 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 person
(2) Barrow money from, lend money lo, or otherwise extend credit to (or accept it from) a disqualified person
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person
(5) Transfer any income or assets to a disqualified person (or make any of either available (or the benefit or use of a disqualified person)
2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942Q)(3) or 49420(5))
a Al the end of lax year 2002, did the organization have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2002 Yes XNo If 'Yes,' list the years ~ 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 ) 2b N
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% dyed or indirect interest in any business enterprise at any lime during the years E ] Yes N No
b If '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)p) ) to dis ose of holdings acquired by gift or be uest, or (3) the lapse of the 10 , 15-, or 20-year first phase hoPding periods (Use Schedule C, Form 420, to determine d the organization had excess business holdings in 2002) ~3b N
4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes 4a
b Did the organization make any investment in a prior year (but after December 31, 1969) that could . ; jeopardize its charitable purpose that had riot been removed from jeopardy before the first day of a .. _ the tax year beginning in 2002 4b
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))7 O Yes XO No
(2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly, any voter registration drive? B Yes XB No
(3) Provide a grant to an individual for travel, study, or other similar purposes Yes X No
(4) Provide a grant to an organization other than a charitable, etc, organization described in section 509(a)(7), (2), or (3), or section 4440(d)(2)? 0 Yes X No
, :a
,I
Form 990-PF (2002 THE DENNIS F . AND FCAREt3 M FRANK FAMILY 52-2328420 Page 6 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 Of not paid, enter-0-) employee benefit other allowances
devoted to position plans and deferred
(d) Contributions to employee benefit plans and deferred
(e) Expense account, other allowances
------------------------
Total number of other 000
-------------------------------------
for of
Fnrt,IX-A, Summary of Direct Charitable Activities
List the foundation's lour largest direct chanUble activities during the tax year Include relevant statistical information such as the number of Expenses o rg anizations and othe r beneficiaries served, conference: convened, research papers produced, eic
t N/A ------------------------------------------------------
Perk X Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see instructions )
la 1b 1c 1d 0 .
2 3 4 5 0 6 0 .
foundations and certain not complete this art 1
2c 3
4c 5 6 7 0 .
la 3 , 600 . lb 2
3a
c fair market value of all other assets (see instructions) d Total (add lines 1a, b and c) e Reduction claimed for blockage or other factors reported on lines la and lc
(attach detailed explanation) 7e 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line 7 d 4 Cash deemed held for charitable activities Enter 1 1/2Y, 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
Distributable Amount (see instructions) (Section 4942Q)(3) and U)(5) private fnrernn mmnoebnnc ~F.14 hnrn t
b Income tax for 2002 (This does not include the lax from Part VI ) c Add lines 2a and 2b
3 Dislribulable amount before adjustments Subtract line 2c from line 1 4a Recoveries of amounts treated as qualifying distributions 4a b Income distributions from section 4947(a)(2) trusts c Add lines 4a and 4h
5 Add lines 3 and 4c 6 Deduction from distnbulable amount (see instructions) 7 Distnbutable amount as adjusted Subtract line 6 from line 5 Enter here and on Part
Part XII Qualifying Distributions (see instructions)
5 Or ganizalions that quali(y under section 4940(e) for the reduced rate of tax on net investment income Enter 1% of Part I, line 27b (see instructions)
6 Adjusted qualifying distributions. Subtract line 5 from line 4
TEEAa307L 10/23102
7 N/A
2
All other program-related investments See instructions 3
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 b Average of monthly cash balances
1 Minimum investment return from Part X, line 6 2a Tax on investment income for 2002 from Part VI, line 5
1 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 lest (attach the required schedule)
4 Qualifying distributions Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4
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 4990(e) reduction o/ fax m those years
BAA Form 990-PF (2002)
Form 990-PF (2002) THE DENNIS F . AND KAREN M . FRANK FAMILY 52-2328920 Page 8 Part XIII Undistributed Income (see instructions)
20dd2 a b (t
Corpus I Years prior 2001 I 2001
1 Distribulable amount for 2002 from Part XI, line 7
2 Undistributed income, d any, as of the end of 2001 a Enter amount for 2001 only b Total for prior years 20 .19 -,19
3 Excess distri6u6ons carryover, d 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
4 Qualifying distributions for 2002 from Part XII, line 4 ~ $ 3,600
a Applied to 2001, but riot more than line 2a
b Applied to undistributed income of prior years ' . (Election required - see instructions)
c Treated as distributions out of corpus (Election required - see instructions)
d Applied to 2002 distributable amount e Remaining amount distributed out of corpus
5 Excess distributors carryover applied to 2002 (II an amount appears in column (d), the same amount must be shown in column (a) )
6 Enter the net total of each column as rid t db I
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' undistribut ed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed
d Subtract line 6c from line 6b Taxable amount - see instructions
e Undistributed income for 20D1 Subtract line 4a from line 2a Taxable amount - see instructions
1 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 sates (y requirements imposed by section 170(b)(i)(E) or 4942(8)(3) (see instructions)
8 Excess distributions wrryover from 1997 riot 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 3 600 .
BAA
0
. .. . -.b
_ _
An Form 990-PF (2002)
TEEA0308L 11/17/42
i icae eow
0
0
0
y
7
r .
. V . `ti
l n - a'a . ;
. :-
.. ".
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 dale of the ruling
b Check box to indicate whether the organization is a private operating foundation described in section 4942 or 2a Enter the lesser of the adjusted net Tax ear Prior 3 ears
income from Part I or the minimum a 2002 b 2(107 c 2000 d 1999 investment return from Part X (or each year listed
h 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 (1) Value of all assets (2) Value of assets qualifying under
section 4942Q)(3)(B)(i) b Endowment alternative test - Enter 2/J of minimum investment return sham 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 more exempt organizations as provided in section 4942(lX3X9Xni)
(3) Largest amount of support from an exempt organization
(4) Gross investment income 01t XV ' Supplementary Information (Complete this part only if the organization had =5,000 or more in assets at any time during the 1 Information Regarding Foundation Managers
Total
d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors
(2002) BAA 7EEA0309L 1Q23102
M FRANK FAMILY 52-2328420
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) )
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
2 Information Regarding Contnbulion, Grant, Gift, Loan, Scholarship, etc, Programs* Check here " O it 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 instructions) to individuals or organizations under other conditions, complete items 2a b c and d
a me name, address, and telephone number of the person to whom applications should be addressed
b The form in which applications should be submitted and information and materials they should include
c Any submission deadlines
THE 10
---" o I Foundation Purpose of grant or any or status of I contribution
b Approved for future payment
3 Form 990.PF (2002) TEEna3ta lore=
Recipient
Name and address i a Paid during the year
Amount
Enter gross amounts unless otherwise indicated (d) I (e)
Amount Related or exempt
e f g Fees and contracts from government agencies
2 Membership dues and assessments 3 Interest an savings and temporary cash investments 4 Dividends and interest from securities 5 Net rental income or (loss) from real estate a Debt financed property b Not debt financed property
6 Net rental income or (loss) from personal property 7 Other investment income 8 Gain or (lass) tram sales of assets other than inventory 9 Net income or (loss) from special events
10 Gross profit or (loss) from sales of inventory 11 Other revenue
a b
Line No Explain below how each activity for which income is reported in column (e) of Part XVI A contributed importantly to the V I accomplishment of the organizations exempt purposes (other than by providing funds for such purposes) (See instructions )
BAA Form 990-PF (2002) 7EEA0501L 01/73107
Form 990 PF (2002) THE DENNIS F . AND KAREN M FRANK FAMILY 52-2328420 Page 71
Part XVl-A j Analysis of Income-Producing Activities
1 Program service revenue a
Business Amount Exclu code sion
code
e 12 Subtotal Add columns (b), (d), and (e) 13 Total . Add line 12, columns (b), (d), and (e) 13 0 (See worksheet in the instructions for line 13 to verify calculations )
Pan XVI-8 Relationship of Activities to the Accomplishment of Exempt Purposes
002) THE DENNIS F AND KAREN M FRANK FAMILY 52-2328420 Page 12 Information Regarding Transfers To and Transactions and Relationships With Noncharitable
X
A
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 Yes aX No
b If 'Yes .' comolete the follawina schedule
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 organaaLons7
a Transfers from the reporting organization to a noncharitable exempt organization of (1) Cash (2) Other assets
b Other Transactions (1) Sales of assets to a noncharilable 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
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 goads, other assets, or services given by the reporting organization If the organization received less than fair market value in
no I (b) Amount involved I (c) Name of nonchanUble exempt oraamzaGOn I (d) DescnoGon of
X
X
2002 Federal Statements Page 1 THE DENNIS F. AND KAREN M . FRANK FAMILY
Client 11 FOUNDATION, INC. 52-2328420 10/30/03 04 33PM
Statement 1 Form 990-PF, Part I, Line 23 Other Expenses
(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable
ner Books Income N Income Purposes
HANK CHARGES $ 11 . CHECK ORDER 60 .
Total 71 . 0-. -!V-0.
Statement 2 Form 990-PF, Part I, Line 25 Contributions, Gifts, and Grants
Cash Grants and Allocations Class of Activity : ANNUAL GIVING CONTRIB Donee's Name : INDIAN CREEK SCHOOL Donee's Address :
Relationship of Donee : Organizational Status of Donee : Amount Given $ 1,000 .
Class of Activity . ANNUAL GIVING CONTRIB Donee's Name : McDONOGH SCHOOL Donee's Address :
Relationship of Donee : Organizational Status of Donee . Amount Given 500 .
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 : 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
zao . DEPRESSION RESEARCH OUT OF DARKNESS
DAVID NAGEY MEMORIAL FUND
CHESAPEAKE BAY FOUNDATION
SCHOLARSHIP CONTRIBUTION PATRICK FALTYNSKI FUND
250 .
1,000 .
S
500 .
Total 3,600
Statement 3 Form 990-PF, Part VIII, Line 1 List of Officers, Directors, Trustees, and Key Employees
~0. Total ~ T-0.
2002 Federal Statements THE DENNIS F. AND KAREN M. FRANK FAMILY
Client 11 FOUNDATION, INC. 10/30103
Statement 2 (continued) Form 990-PF, Part 1, Line 25 Contributions, Gifts, and Grants
Donee's Address .
Relationship of Donee : Organizational Status of Donee . Amount Given :
Class of Activity : SUPPORT FOR ORPHANS Donee's Name . TRAMS FAMILY FUND Donee's Address .
Relationship of Donee Organizational Status of Donee . Amount Given
Page 2 52-2328420
04 33PM
150 .
Title and Contra- Expense Average Hours Compen- button to Account/
Name and Address Per Week Devoted sation EBP & DC Other KAREN M . FRANK President $ 0 $ 0 . $ 0 1921 CHAPRARRALL CT . None CROWNSVILLE, MD 21032
DENNIS F . FRANK Vice President 0 . 0 . 0 . 1921 CHAPPARRALL CT . None CROWNSVILLE, MD 21032
Application for Extension of Time to File an Exempt Organization Return OMB No 1565 1709
pep arlmenl of the Treasury Inlerndl Revenue Semce ~ File a
Pan I Automatic 3-Month Extension of Time - only submit original (no copes needed) Note Form 990-T corporations requesting an automatic 6 month extension - check this box and complete Part 1 only
All other corporations (including Form 990 C /tiers) must use Form 7004 to request an extension of time to /de income tax returns Partnerships, REMICs and trusts must use Form 8736 to reouest an extension of time to file Form 1065. 1066 or lOdl
Name of Type or pnot FOUN FJe by the Numoe', due date for filing your 1921 return See
city I.
instructions
street and room w suite number II a P 0 W. me instructions
state see
Check type of return to be fled (file a separate application for each return) Form 990 Form 990 T (corporation) Form 4720 Form 990 BL Form 990 T (Section 401(a) or 408(a) trust) A Form 5227 Form 990 EZ Form 990 T (trust other than above) Form 6069
X Form 990-PF Form 1041 A I I Fnrm RA70
this return including accompanying schedules and statements and to the best al my FnowIeEqe and Deliel it is true correct, and
Date 1"' S ~Q 3 Form 8868 (12-2000) BAA For see instructions
FIFZ0501L 07/25/02
Form 8868 (December 2090)
If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form)
Note Do not complete Part // unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.
-" THE DENNIS F AND KAREN M FRANK FAMILY INC
If the organization does not have an office or place of business in the United Stales, check this box If this is for a Group Return, enter the organizations four digit Group Exemption Number (GEN) If this is for the whole group, check this box lii~ 1-1 If it is for part of the group, check this box ~ ~ and attach a list with the names and EINs of all members the extension will cover
1 I request an automatic 3-month (6-month, for 990-T corporation) extension of time until B/15 , 20 03 , to file the exempt organization return for the organization named above me extension is for the organization's return for B calendar year 20 02 or
tax year beginning , 20 , and ending , 20 2 If this lax year is for less than 12 months, check reason Q Initial return Final return F] Change in accounting period
3a If this application is for Form 990-BL, 990 PF, 990 T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits See instructions
b If this application is for Form 990 PF or 990 T, enter any refundable credits and estimated tax payments made Include any prior year overpayment allowed as a credit $ 0
c Balance Due Subtract line 3b from line 3a Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) See instructions $ 0
Signature and Verification
Alternate Matting Address - Enter the address if you want the copy of this application for an adds ilaf$ -- address different than the one entered above
H .m . ECTEI'ISICN APPROVED Wight & Welsh C) ,
Type Of Number and~Y.rit(Ineludo . .It., mom arapartment numbeQoraPO box number
A 2 � 2003
17904 Georgia Ave ., Suite 100 City or Wye, province or stab, and country (Including petal or LP cede) ~ O1neY . MD 20832 ;"-~pr°E:70LR1
y1ii~llJ~ " JI~ ffGL~JJ~I"V, C~JL4`
BAA FiFm502L 10/04102 , -:-
- Forrn 8868 12 2000 ' Pa . If y are filing for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box
Not alOn/y complete Part // i/you have already been granted an automatic 3-month extension on a prewausly fi/ed Form 8866
e if you are filing for an Automatic 3-Month Extension, complete only Part I (on pane I) !Y011 ~~ HOOIiIOfldl knot dUiOfrld[IC 3-IYlOflifl CXLBfI510fl OT I IRIS - Must F110 VII IfIBI dfla Vn0 GO
Or Name olExempt organization THE DENNIS F AND KAREN M . FRANK Employer ld entries don number
print Typo
FOUNDATION, INC , 52-2328420 NumGr, street and room or Suila number II a P O box see insWC4ons For IRS Us. only
Fd@ Iq the este~ " leE
°i~~v ,+~" ~~~ 1921 CHAPPARRALL COURT tow", So- City, town or post office state and ZIP code For a foreign address see instructions - ~ ~ insln~ruons , ,
CROWNSVILLE . MD 21032 .. ~ . ` Check type of return to he tiled (file a separate application for each return)
iorm 990 Form 990 EZ Form 990 T (Section 401(a) or 408(a) trust) Form 1041 A Farm 5227 Form 8870 ~,-orm 9^-.G 8L
r] Form 9A PF RForm 990 T itrust other than above) RFoim 4720 A Form 6069
5~ " Do not com lete Part 11 d ou were not alread granted an automatic 3-month extension an a previousl y tiled Forth 8868 " If the organization does not have an office or place of business in the United States, check this box li
1:1 " if this is for a Group Return, enter the organizations four digit Group Exemption Number (GEy. If this is for we
whole group, check this box ~ O If it is part of the group, check this box ~ F] and attach a list with the names and EINS of all met, tiers we extension is for
q I request an additional 3 month extension of time until 11/15 , 20 03 5 For calendar year 2002 , or other tax year beginning _ - , 20~ and ending , 20 6 If pies tax year is for less than 72 months, check reason ~ Initial return Final return Change in accounting period
State in detail why you need the extension _ Taxpayer respectfully- requests -additional- time to-gather information necessary to file a complete and accurate tax return ---___- ___
8e non~retundlableicreditsrS e ns9tr0 ucBtio s~ PF, 990 T, 4720, or 6069, enter the tentative tax, less any $ O
b 1P1 this application is for Form 990 PF, 990 T, 4720, or 6069, enter any refundable credits and estimated tax
Foam gg~made Include any prior year overpayment allowed as a credit and any amount paid previously with $ O .
r, Balance due Subtract line Bb from line 8a Include your payment with this form, or, d required, deposit with FTD coupon or, if required, by using EF7PS (Electronic Federal Tax Payment System) See instructions $ 0
Signature and Verification
Under penalties of perryry I declare that I have examined this form including accompanying schedules and statements and l0 Me best of my knowledge and betel it is true Co�, and complete and am authon ed to D« form �
7 Jlp 01
S .qn++im ~ L7< lo' V - ---- --t -1-6 Date
N Vie to Applicant -To be Completed by the IRS We have approved this IicaUon ase attach this form to the organization's return
LJ We have not approved this application However, we have granted a 10 day grace period from the later of the date shown below or the due date of the organizations return (including any prior extensions) This grace period is considered to be a valid extension of time for elections otherwise required to be made on a timely tiled return Please attach this form to the organizations return
We have not approved this application After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file We are not granting a 10 day grace period
R We cannot consider this application because it was filed after the due date of the return for which an extension was requested ----
