KARNEY FLASTER FAMILY FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: KARNEY FLASTER FAMILY FOUNDATION (EIN 65-1211478)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-15
IRS object ID: 201213209349101131
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-15T13:58:59-06:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	952399533	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NSBN LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	9454 WILSHIRE BLVD 4TH FLOOR	AddressLine1
City	BEVERLY HILLS	City
State	CA	State
ZIP Code	902122907	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	651211478	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	KARNEY FLASTER FAMILY FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	KARN	NameControl
Phone	3108265637	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6341 HARTLEY DRIVE	AddressLine1
City	LA JOLLA	City
State	CA	State
ZIP Code	92037	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SUSANNA KARNEY FLASTER	Name
Title	PRESIDENT	Title
Phone	3108265637	Phone
Date Signed	2012-11-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KURT KILWEIN	Name
PTIN	P00109165	PTIN
Phone	3102732501	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	2052085	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	125165	ContriReceivedRevAndExpnss
Dividends Rev And Expnss	20710	DividendsRevAndExpnss
Dividends Net Invst Incm	20710	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	-141	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	250029	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	145734	TotalRevenueAndExpenses
Total Net Investment Income	20710	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	0	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	0	CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss	2500	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	1250	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	1250	AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss	35	TaxesRevAndExpnss
Taxes Net Invst Incm	0	TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps	35	TaxesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	2535	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	1250	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	1285	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	76815	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	76815	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	79350	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	1250	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	78100	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	66384	ExcessOfRevenueOverExpenses
Net Investment Income	19460	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	6923	CashBOY
Cash EOYFMV	10827	CashEOYFMV
Savings And Temp Cash Invst BOY	1024	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	157407	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	157407	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	1671579	InvestmentsCorpStockBOY
Investments Corp Stock EOY	1611260	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	1719358	InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY	186913	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	164156	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	164493	InvestmentsCorpBondsEOYFMV
Total Assets BOY	1866439	TotalAssetsBOY
Total Assets EOY	1932823	TotalAssetsEOY
Total Assets EOYFMV	2052085	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	0	CapitalStockBOY
Capital Stock EOY	0	CapitalStockEOY
Paid In Or Capital Surplus BOY	0	PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY	0	PaidInOrCapitalSurplusEOY
Retained Earnings BOY	1866439	RetainedEarningsBOY
Retained Earnings EOY	1932823	RetainedEarningsEOY
Total Net Assets BOY	1866439	TotalNetAssetsBOY
Total Net Assets EOY	1932823	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	1866439	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	1932823	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	1866439	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	66384	ExcessOfRevenueOverExpenses
Other Increases	0	OtherIncreases
Subtotal	1932823	Subtotal
Other Decreases	0	OtherDecreases
Total Net Assets Fund Balances EOY	1932823	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Field	Value	IRS element (for citing)
Description Of Asset	UNIONBANK INVESTMENT SERVICE	DescriptionOfAsset
Gross Sales Price	250029	GrossSalesPrice
Cost Or Other Basis	250170	CostOrOtherBasis
Gain Or Loss	-141	GainOrLoss
Gains Minus Excess Or Losses	-141	GainsMinusExcessOrLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	-141	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	0	LiableFor4942Tax
Qualifying Distributions Year1	81594	QualifyingDistributionsYear1
Noncharitable Assets Year1	1763155	NoncharitableAssetsYear1
Distribution Ratio Year1	0.046277	DistributionRatioYear1
Qualifying Distributions Year2	98234	QualifyingDistributionsYear2
Noncharitable Assets Year2	1558136	NoncharitableAssetsYear2
Distribution Ratio Year2	0.063046	DistributionRatioYear2
Qualifying Distributions Year3	105992	QualifyingDistributionsYear3
Noncharitable Assets Year3	1970387	NoncharitableAssetsYear3
Distribution Ratio Year3	0.053792	DistributionRatioYear3
Qualifying Distributions Year4	118165	QualifyingDistributionsYear4
Noncharitable Assets Year4	2254013	NoncharitableAssetsYear4
Distribution Ratio Year4	0.052424	DistributionRatioYear4
Qualifying Distributions Year5	111018	QualifyingDistributionsYear5
Noncharitable Assets Year5	2037854	NoncharitableAssetsYear5
Distribution Ratio Year5	0.054478	DistributionRatioYear5
Total Distribution Ratio	0.270017	TotalDistributionRatio
Average Distribution Ratio	0.054003	AverageDistributionRatio
Net Noncharitable Assets	2025292	NetNoncharitableAssets
Adjusted Noncharitable Assets	109372	AdjustedNoncharitableAssets
One Percent Net Investment Income	195	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	109567	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	78100	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	389	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	389	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	389	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	680	EstTaxPaymentsAndOverpayment
Total Credits And Payments	680	TotalCreditsAndPayments
Overpayment	291	Overpayment
Amount Credited To Next Year	291	AmountCreditedToNextYear
Amount To Be Refunded	0	AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	0	LegislativePoliticalActivities
More Than100 Spent	0	MoreThan100Spent
Form1120 POL Filed	0	Form1120POLFiled
Sect4955 Tax On Organization	0	Sect4955TaxOnOrganization
Sect4955 Tax On Managers	0	Sect4955TaxOnManagers
Reimbursement Of Tax	0	ReimbursementOfTax
Activities Not Prev Reported	0	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	0	UnrelatedBusIncomeOver1000
Termination Etc	0	TerminationEtc
Requirements Of Sect508e	1	RequirementsOfSect508e
At Least5000 In Assets	1	AtLeast5000InAssets
States Filed With	CA	StatesFiledWith
Form990 PF Filed With AG	1	Form990PFFiledWithAG
Private Operating Foundation	0	PrivateOperatingFoundation
New Substantial Contributors	0	NewSubstantialContributors
Interest In Controlled Entity	0	InterestInControlledEntity
Applicable Insurance Contract	0	ApplicableInsuranceContract
Comply With Public Inspection Rqr	1	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	SUSANNA KARNEY FLASTER	BooksInCareOfPersonName
Books In Care Of Phone Number	3108265637	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	6341 HARTLEY DRIVE	AddressLine1
City	LA JOLLA	City
State	CA	State
ZIP Code	92037	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	0	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	0	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	0	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	0	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	0	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	0	TransferAssetsToDsqflyPerson
Payment To Government Offical	0	PaymentToGovernmentOffical
Uncorrected Prior Acts	0	UncorrectedPriorActs
Undistributed Income Prior Years	0	UndistributedIncomePriorYears
Business Holdings	0	BusinessHoldings
Jeopardy Investments	0	JeopardyInvestments
Uncorrected Jeopardy Investments	0	UncorrectedJeopardyInvestments
Influence Legislation	0	InfluenceLegislation
Influence Election	0	InfluenceElection
Grants To Individuals	0	GrantsToIndividuals
Grants To Organizations	0	GrantsToOrganizations
Noncharitable Purpose	0	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	0	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	0	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	0	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	SUSANNA KARNEY FLASTER	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6341 HARTLEY DRIVE	AddressLine1
City	LA JOLLA	City
State	CA	State
ZIP Code	92037	ZIPCode

Field	Value	IRS element (for citing)
Title	PRESIDENT, SECRETARY & CFO	Title
Avg Hours Per Wk Devoted To Position	1.00	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation
Contri To Empl Benefit Plans Etc	0	ContriToEmplBenefitPlansEtc
Expense Account Other Allowances	0	ExpenseAccountOtherAllowances

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Total	0	Total

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	2037800	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	18334	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	2056134	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	2056134	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	30842	CashDeemedCharitable
Net Noncharitable Assets	2025292	NetNoncharitableAssets
Minimum Investment Return	101265	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	101265	MinimumInvestmentReturn
Tax Based On Investment Income	389	TaxBasedOnInvestmentIncome
Total Tax	389	TotalTax
Distributable Amount Before Adj	100876	DistributableAmountBeforeAdj
Recoveries Qlfy Distributions	0	RecoveriesQlfyDistributions
Distributable Amount Before Ded	100876	DistributableAmountBeforeDed
Deduction Fr Distributable	$0	DeductionFrDistributableAmount
Distributable Amount As Adjusted	100876	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	78100	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Qualifying Distributions	78100	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	0	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	78100	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	100876	DistributableAmountAsAdjusted
Undistributed Income Prior Year	0	UndistributedIncomePriorYear
Total For Prior Years	0	TotalForPriorYears
Excess Distri Carryover Year1	40110	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	40110	TotalExcessDistriCarryover
Qualifying Distributions	78100	QualifyingDistributions
Applied To Year1	0	AppliedToYear1
Applied To Prior Years	0	AppliedToPriorYears
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	78100	AppliedToCurrentYear
Remaining Distri From Corpus	0	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	22776	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	22776	ExcessDistriCyovAppliedCY
Total Corpus	17334	TotalCorpus
Prior Year Undistributed Income	0	PriorYearUndistributedIncome
Prior Year Deficiency Or Tax	0	PriorYearDeficiencyOrTax
Taxable Amount1	0	TaxableAmount1
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	0	UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g3	0	DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5	0	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	17334	ExcessDistriCyovToNextYear
Excess From Year1	17334	ExcessFromYear1

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	SUSANNA KARNEY FLASTER	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (23 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CHALLENGED ATHELETES FOUNDATION
9591 WAPLES STREET	SAN DIEGO	CA	92121	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$200
CONGREGATION BETH ISRAEL
9001 TOWNE CENTRE DRIVE	SAN DIEGO	CA	92122	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$3,295
CORTLAND COLLEGE FOUNDATION INC
PO BOX 2000	CORTLAND	NY	13045	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$1,390
FOLK ALLEY
1613 E SUMMIT ST	KENT	OH	442420001	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$500
HARVARD COLLEGE FUND-HARVARD UNIVERSITY
124 MOUNT AUBURN ST	CAMBRIDGE	MA	02138	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$500
JEWISH COMMUNITY CENTER
4126 EXECUTIVE DR	LA JOLLA	CA	92037	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$1,000
LA JOLLA PLAYHOUSE
PO BOX 12039	LA JOLLA	CA	92039	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$4,100
LJHS FOUNDATION
750 NAUTILUS STREET	LA JOLLA	CA	92037	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$1,000
MALASHOCK DANCE AND COMPANY
3103 FALCON STREET J	SAN DIEGO	CA	92103	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$500
MCASD
700 PROSPECT STREET	LA JOLLA	CA	92037	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$2,500
NATIONAL CONFLICT RESOLUTION CENTER
625 BROADWAY SUITE 1221	SAN DIEGO	CA	92101	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$6,520
OLD GLOBE
PO BOX 122171	SAN DIEGO	CA	92112	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$4,500
PHILLIPS BROOKS HOUSE
HARVARD YARD	CAMBRIDGE	MA	02138	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$50
PLAN USA
155 PLAN WAY	WARWICK	RI	02886	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$360
PLANNED PARENTHOOD FEDERATION OF AMERICA
434 WEST 33RD ST	NEW YORK	NY	10001	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$27,500
RADCLIFFE INSTITUTE FUND
10 GARDEN STREET	CAMBRIDGE	MA	021383600	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$500
SAN DIEGO MUSEUM OF ART
PO BOX 122107	SAN DIEGO	CA	92112	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$5,000
SAN DIEGO WOMEN'S FOUNDATION
2508 HISTORIC DECATUR ROAD 200	SAN DIEGO	CA	92106	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$2,000
SEACREST FOUNDATION
211 SAXONY ROAD	ENCINITAS	CA	92024	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$5,000
SOUTHERN POVERTY LAW CENTER
400 WASHINGTON AVENUE	MONTGOMERY	AL	36104	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$1,000
UC SAN DIEGO FOUNDATION
9500 GILMAN DRIVE	LA JOLLA	CA	92093	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$3,900
UNITED JEWISH FEDERATION
4950 MURPHY CANYON ROAD	SAN DIEGO	CA	92123	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$3,500
WOMENS FOUNDATION OF CALIFORNIA
4747 MORENA BLVD 375	SAN DIEGO	CA	92117	NONE	PUBLIC CHARITY	PUBLIC SUPPORT OF ORGANIZATION MISSION	$2,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	76815	TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future	0	TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$20,710	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	-$141	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$0	UnrelatedBusinessIncomeAmount
Exclusion	$20,569	ExclusionAmount
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	20569	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	0	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	0	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	0	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	0	RentalOfFacilitiesEtc
Reimbursement Arrangements	0	ReimbursementArrangements
Loans Or Loan Guarantees	0	LoansOrLoanGuarantees
Performance Of Services Etc	0	PerformanceOfServicesEtc
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	0	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo (2 entries)

Contributor NumberContributorNumber	Contributor Name IndividualContributorNameIndividual	Address Line1ContributorAddressUS/AddressLine1	CityContributorAddressUS/City	StateContributorAddressUS/State	ZIP CodeContributorAddressUS/ZIPCode	Aggregate ContributionsAggregateContributions	Person Contribution TypePersonContributionType	Noncash Contribution TypeNoncashContributionType
1	DAVID V KARNEY TRUST	PO BOX 49051	LOS ANGELES	CA	90049	100000	X
2	SUSANNA K FLASTER	6341 HARTLEY DRIVE	LA JOLLA	CA	92037	25165		X

Noncash Property NoncashProperty

Field	Value	IRS element (for citing)
Contributor Number From Part I	2	ContributorNumberFromPartI
Noncash Property Description	1,400 SHARES GENERAL ELECTRIC COMMON STOCK	NoncashPropertyDescription
Fair Market Value	25165	FairMarketValue
Date Received	2011-12-29	DateReceived

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	Category
Amount	$2,500	Amount
Net Investment Income	1250	NetInvestmentIncome
Disbursements Charitable Prps	1250	DisbursementsCharitablePrps

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Field	Value	IRS element (for citing)
Name Of Bond	CORPORATE BONDS	NameOfBond
EOY Book Value	164156	EOYBookValue
EOYFMV	164493	EOYFMV

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Field	Value	IRS element (for citing)
Name Of Stock	CORPORATE STOCK	NameOfStock
EOY Book Value	1611260	EOYBookValue
EOYFMV	1719358	EOYFMV

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
CA FRANCHISE TAX BOARD	$10	0	10
CA ATTORNEY GENERAL	$25	0	25

KARNEY FLASTER FAMILY FOUNDATION: Form 990PF, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

US Address USAddress

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (23 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo (2 entries)

Noncash Property NoncashProperty

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

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