2018-06-28T16:17:12-05:00 2017-12-31 201484966 SKINNER FOUCH & OLSON LLP 9846 RESEARCH DRIVE IRVINE CA 92618 990 2017-01-01 916468179 SAMUELSON FOUNDATION SAMU 8185000155 5000 EDENHURST AVENUE LOS ANGELES CA 90039 REID G SAMUELSON TRUSTEE 8185000155 2018-06-28 1 LISA ANNAN P00543409 9492601430 2017 2022-09-23 18:48:47Z REID G SAMUELSON 5000 EDENHURST AVENUE LOS ANGELES CA 90039 321447 0 X N/A X FOUNDATION 2000 CA TO PERFORM ACTS OF KINDNESS AND LOVE TO THOSE IN NEED BY PROVIDING FOOD, HABITAT, HEALTH AND EDUCATION IN AN ENVIRONMENT OF SOCIAL & ECONOMIC FREEDOM. 5 3 0 0 -7958 0 100000 0 0 0 92458 31223 -2184 -7958 190274 23265 161000 27500 0 0 0 0 0 0 0 125091 109331 286091 136831 -95817 -113566 5376319 5262753 1575689 1575689 3800630 3687064 TO PEFORM ACTS OF KINDNESS AND LOVE TO THOSE IN NEED BY PROVIDING FOOD, HABITAT, HEALTH AND EDUCATION IN AN ENVIRONMENT OF SOCIAL & ECONOMIC FREEDOM. 0 0 27500 27500 LA CANADA PRESBYTERIAN CHURCH IS A 501(C)(3) ORGANIZATION WHICH TEACHES PEOPLE TO FOLLOW JESUS CHRIST AND BECOME INVOLVED IN THE CHRISTIAN COMMUNITY. DURING 2017, $27,500.00 CASH WAS DONATED TO ASSIST THE CHURCH WITH THEIR MISSION. 27500 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 CA X REID G SAMUELSON 8185000155 5000 EDENHURST AVENUE LOS ANGELES CA 90039 X JACK D SAMUELSON TRUSTEE 0.50 X 0 0 0 REID G SAMUELSON TRUSTEE 0.50 X 0 0 0 FRED SCHNEIDER TRUSTEE 0.00 X 0 0 0 DORIS YOUNG COATES TRUSTEE 0.00 X 0 0 0 H JAMES SCHAFER TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 29129 29129 300276 298182 2094 2094 2094 UBTI PASSED THRU FROM 523000 -7958 -7958 -7958 23265 0 -7958 31223 27500 27500 1262 1262 1646 1646 106359 106359 CALIFORNIA FILING FEES 50 50 PASSED THROUGH FROM CVR 14 14 136831 27500 109331 0 3313284 3210978 1987362 1987362 75673 64413 5376319 5262753 1575689 1575689 1575689 1575689 X 0 0 0 0 3800630 3687064 3800630 3687064 5376319 5262753 -113566 0 X 0 0 0 X X 1 LA CANADA PRESBYTERIAN CHURCH 951765156 1 1 27500 0 1 27500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 190274 23265 190274 23265 0 0 106650 106359 179441 30472 -95817 -113566 1784695 0 1063173 0 2034257 0 4882125 0 0 1575689 0 3306436 0 49597 0 3256839 0 113989 0 0 0 113989 0 -95817 -81444 113989 113989 0 113989 27500 0 2958 0 0 0 30458 27500 113989 24.130000000000 113989 0 0 0 145016 178892 323908 0 113989 209919 30458 0 30458 0 0 240377 0 0 31027 178892 30458 PART IV, SECTION D, QUESTION 2 TRUSTEE REID SAMUELSON IS AN ELDER OF LA CANADA PRESBYTERIAN CHURCH AND A TRUSTEE OF OCCIDENTAL COLLEGE; AND JACK SAMUELSON IS AN ELDER OF LA CANADA PRESBYTERIAN CHURCH, A TRUSTEE EMERITUS OF OCCIDENTAL COLLEGE AND A TRUSTEE OF FULLER SEMINARY, WHICH ARE EACH SUPPORTED ORGANIZATIONS. IN ADDITION, REID SAMUELSON AND JACK SAMUELSON MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH AMOS HIMMILSTEIN, THE CFO OF OCCIDENTAL COLLEGE, GARETH ICENOGLE, THE PASTOR OF LA CANADA PRESBYTERIAN CHURCH AND BOB HILLER, THE CHAIRMAN OF THE BUILDING AND GROUND COMMITTEE OF LA CANADA PRESBYTERIAN CHURCH, AND WITH TODD DERRICK, INVESTMENT MANAGER AT THE FULLER SEMINARY FOUNDATION. PART IV, SECTION D, QUESTION 3 THE POLICIES OF THE INVESTMENT COMMITTEES AT THE SUPPORTED ORGANIZATIONS, IN PARTICULAR OCCIDENTAL COLLEGE AND FULLER SEMINARY, HAD SIGNIFICANT INFLUENCE ON THE SAMUELSON FOUNDATION'S INVESTMENT POLICIES. THIS CAME THROUGH QUARTERLY MEETINGS AT BOTH INSTITUTIONS' INVESTMENT COMMITTEES AS WELL AS FACE-TO-FACE OR TELEPHONIC MEETINGS BETWEEN FOUNDATION TRUSTEES AND TODD DERRICK, INVESTMENT MANAGER AT THE FULLER SEMINARY FOUNDATION AND AMOS HIMMILSTEIN, CFO OF OCCIDENTAL COLLEGE. REID SAMUELSON OR JACK SAMUELSON DISCUSSED WITH THEM AT THOSE TIMES THE PROJECT BUDGETS FOR CAPITAL PROJECTS AT OCCIDENTAL COLLEGE, FULLER SEMINARY AND LA CANADA PRESBYTERIAN CHURCH AND WAYS IN WHICH THE SAMUELSON FOUNDATION WILL USE ITS INCOME AND INVEST ITS ASSETS. PART V, SECTION D REASONABLE CAUSE EXCEPTION REQUEST THE ORGANIZATION DID NOT MEET THE SECTION D DISTRIBUTION REQUIREMENT DURING 2017. DURING PREPARATION OF THE 2017 TAX RETURNS THE UNDERDISTRIBUTION ISSUE WAS BROUGHT TO THE ATTENTION OF THE TRUSTEES WHO TOOK IMMEDIATE STEPS TO CORRECT. AS OF THE FILING OF THE 2017 TAX RETURNS, THE $10,496 UNDERDISTRIBUTION FOR 2017 (AMOUNT REQUIRED TO BRING PART V, SECTION D, LINE 10 TO 33.3%) HAS BEEN DISTRIBUTED TO SUPPORTED ORGANIZATIONS. THE FAILURE TO MEET THE 2017 DISTRIBUTION REQUIREMENT WAS DUE TO A CLERICAL ERROR, WAS NOT DUE TO WILLFUL NEGLECT, AND WAS CORRECTED IMMEDIATELY AFTER THE ERROR WAS DISCOVERED. DUE TO THE REASONS EXPLAINED ABOVE THE ORGANIZATION IS REQUESTING RELIEF UNDER THE REASONABLE CAUSE EXCEPTION. 0 SAMUELSON BROTHERS, INC. 1987362 C 1987362 0 LA CANADA PRESBYTERIAN CHURCH 626 FOOTHILL BLVD LA CANADA CA 91011 951765156 501(C)(3) 27500 LA CANADA PRESBYTERIAN CHURCH IS A 501(C)(3) ORGANIZATION WHICH TEACHES PEOPLE TO FOLLOW JESUS CHRIST AND BECOME INVOLVED IN THE CHRISTIAN COMMUNITY. DURING 2017, $27,500.00 CASH WAS DONATED TO ASSIST THE CHURCH WITH THEIR MISSION. 1 FORM 990, PART VI, SECTION A, LINE 2 JACK SAMUELSON AND REID SAMUELSON - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B ONE OF THE TRUSTEES WHO IS MOST INTIMATELY ACQUAINTED WITH THE ACTIVITIES OF THE FOUNDATION REVIEWED THE RETURN AND COMPARED IT TO THE FOUNDATION'S FINANCIAL STATEMENTS. FORM 990 IS AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY AND THEY WILL IMMEDIATELY BE PROVIDED AN ELECTRONIC COPY OF FORM 990 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 PARTIES INTERESTED IN THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS MAY OBTAIN THAT INFORMATION BY VISITING OR REQUESTING THAT INFORMATION FROM SAMUELSON FOUNDATION, 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039, TELEPHONE IS 818-500-0155. REASONABLE COPYING COSTS WILL APPLY FOR COPIES OF DOCUMENTS. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC JACK D. SAMUELSON - 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039. REID G. SAMUELSON - 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039. FRED SCHNEIDER - 5225 LA CANADA BLVD, LA CANADA, CA 91011. DORIS YOUNG COATES - 5416 CASTLE KNOLL DRIVE, LA CANADA, CA 91011. H JAMES SCHAFER - 5000 EDENHURST AVENUE, LOS ANGELES, CA 90039.