ROBERT GUMBINER FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: ROBERT GUMBINER FOUNDATION (EIN 95-4167110)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-11-15
IRS object ID: 201103199349101160
Schema version: 2010v3.4
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 ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-15T11:17:52-06:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEGACY PARTNERS	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	13 CORPORATE PLAZA SUITE 100	AddressLine1
City	NEWPORT BEACH	City
State	CA	State
ZIP Code	92660	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	954167110	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ROBERT GUMBINER FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ROBE	NameControl
Phone	5624375359	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1020 E 7TH STREET	AddressLine1
City	LONG BEACH	City
State	CA	State
ZIP Code	90813	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	BRIAN HOPE	Name
Title	TREASURER/EXEC DIR	Title
Phone	5624375359	Phone
Date Signed	2011-11-14	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KARLYLLE SCHWARTZE CPA	Name
Phone	9497067165	Phone
Date Prepared	2011-11-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	26289936	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	330372	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	91893	DividendsRevAndExpnss
Dividends Net Invst Incm	90878	DividendsNetInvstIncm
Gross Rents Rev And Expnss	788967	GrossRentsRevAndExpnss
Gross Rents Net Invst Incm	788967	GrossRentsNetInvstIncm
Net Rental Income Or Loss	393581	NetRentalIncomeOrLoss
Net Gain Sale Assets Rev And Expnss	-402233	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	4751670	GrossSalesPrice
Gross Sales Less Returns And Allwnc	245672	GrossSalesLessReturnsAndAllwnc
Cost Of Goods Sold	82315	CostOfGoodsSold
Gross Profit Rev And Expnss	163357	GrossProfitRevAndExpnss
Gross Profit Adj Net Incm	163357	GrossProfitAdjNetIncm
Other Income Rev And Expnss	8706	OtherIncomeRevAndExpnss
Other Income Net Invst Incm	8706	OtherIncomeNetInvstIncm
Total Revenue And Expenses	981062	TotalRevenueAndExpenses
Total Net Investment Income	888551	TotalNetInvestmentIncome
Total Adjusted Net Income	163357	TotalAdjustedNetIncome
Comp Ofcr Dir Trst Rev And Expnss	75000	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	43750	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Adj Net Incm	75000	CompOfcrDirTrstAdjNetIncm
Oth Empl Slrs Wgs Rev And Expnss	243232	OthEmplSlrsWgsRevAndExpnss
Oth Empl Slrs Wgs Adj Net Incm	82420	OthEmplSlrsWgsAdjNetIncm
Oth Empl Slrs Wgs Dsbrs Chrtbl Prps	160811	OthEmplSlrsWgsDsbrsChrtblPrps
Pension Empl Bnft Rev And Expnss	11115	PensionEmplBnftRevAndExpnss
Pension Empl Bnft Adj Net Incm	3916	PensionEmplBnftAdjNetIncm
Pension Empl Bnft Dsbrs Chrtbl Prps	7198	PensionEmplBnftDsbrsChrtblPrps
Legal Fees Rev And Expnss	24868	LegalFeesRevAndExpnss
Legal Fees Adj Net Incm	5233	LegalFeesAdjNetIncm
Legal Fees Dsbrs Chrtbl Prps	19635	LegalFeesDsbrsChrtblPrps
Accounting Fees Rev And Expnss	16247	AccountingFeesRevAndExpnss
Accounting Fees Adj Net Incm	16247	AccountingFeesAdjNetIncm
Other Prof Fees Rev And Expnss	35459	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	35459	OtherProfFeesNetInvstIncm
Other Prof Fees Adj Net Incm	35459	OtherProfFeesAdjNetIncm
Interest Rev And Expnss	7736	InterestRevAndExpnss
Interest Adj Net Incm	1620	InterestAdjNetIncm
Interest Dsbrs Chrtbl Prps	6116	InterestDsbrsChrtblPrps
Taxes Rev And Expnss	211455	TaxesRevAndExpnss
Taxes Net Invst Incm	172953	TaxesNetInvstIncm
Taxes Adj Net Incm	180364	TaxesAdjNetIncm
Taxes Dsbrs Chrtbl Prps	12140	TaxesDsbrsChrtblPrps
Deprec And Depletion Rev And Expnss	378684	DeprecAndDepletionRevAndExpnss
Deprec And Depletion Net Invst Incm	162388	DeprecAndDepletionNetInvstIncm
Deprec And Depletion Adj Net Incm	378684	DeprecAndDepletionAdjNetIncm
Occupancy Rev And Expnss	32890	OccupancyRevAndExpnss
Occupancy Adj Net Incm	6888	OccupancyAdjNetIncm
Occupancy Dsbrs Chrtbl Prps	26002	OccupancyDsbrsChrtblPrps
Trav Conf Meeting Rev And Expnss	11215	TravConfMeetingRevAndExpnss
Trav Conf Meeting Adj Net Incm	2349	TravConfMeetingAdjNetIncm
Trav Conf Meeting Dsbrs Chrtbl Prps	8866	TravConfMeetingDsbrsChrtblPrps
Other Expenses Rev And Expnss	691778	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	207752	OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm	264741	OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps	427035	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	1739679	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	622302	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	1052921	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	667803	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	1643563	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	1643563	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	3383242	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	622302	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	1052921	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	2311366	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-2402180	ExcessOfRevenueOverExpenses
Net Investment Income	266249	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	186257	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	379673	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	379673	SavingsAndTempCashInvstEOYFMV
Accounts Receivable	1374	AccountsReceivable
Accounts Receivable EOY	1374	AccountsReceivableEOY
Accounts Receivable EOYFMV	1374	AccountsReceivableEOYFMV
Other Notes And Loans Receivable	462500	OtherNotesAndLoansReceivable
Other Notes And Loans Rcvbl BOY	209699	OtherNotesAndLoansRcvblBOY
Other Notes And Loans Rcvbl EOY	462500	OtherNotesAndLoansRcvblEOY
Other Notes And Loans Rcvbl EOYFMV	462500	OtherNotesAndLoansRcvblEOYFMV
Inventories For Sale Or Use BOY	22734	InventoriesForSaleOrUseBOY
Inventories For Sale Or Use EOY	44664	InventoriesForSaleOrUseEOY
Inventories For Sale Or Use EOYFMV	44664	InventoriesForSaleOrUseEOYFMV
Investments Govt Oblig BOY	714500	InvestmentsGovtObligBOY
Investments Govt Oblig EOY	1424624	InvestmentsGovtObligEOY
Investments Govt Oblig EOYFMV	1430112	InvestmentsGovtObligEOYFMV
Investments Corp Bonds BOY	2260798	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	861434	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	924259	InvestmentsCorpBondsEOYFMV
Investments Land Etc Basis	9264054	InvestmentsLandEtcBasis
Accum Deprec Investments Land Etc	897511	AccumDeprecInvestmentsLandEtc
Investments Land Etc BOY	11048931	InvestmentsLandEtcBOY
Investments Land Etc EOY	8366543	InvestmentsLandEtcEOY
Investments Land Etc EOYFMV	11320339	InvestmentsLandEtcEOYFMV
Land Building And Equipment Basis	10233888	LandBuildingAndEquipmentBasis
Accum Deprec Land Bldg And Equip	3311585	AccumDeprecLandBldgAndEquip
Land Building And Equipment BOY	7041172	LandBuildingAndEquipmentBOY
Land Building And Equipment EOY	6922303	LandBuildingAndEquipmentEOY
Land Building And Equipment EOYFMV	10233889	LandBuildingAndEquipmentEOYFMV
Other Assets BOY	1493126	OtherAssetsBOY
Other Assets EOY	1493126	OtherAssetsEOY
Other Assets EOYFMV	1493126	OtherAssetsEOYFMV
Total Assets BOY	22977217	TotalAssetsBOY
Total Assets EOY	19956241	TotalAssetsEOY
Total Assets EOYFMV	26289936	TotalAssetsEOYFMV
Accounts Payable BOY	93933	AccountsPayableBOY
Accounts Payable EOY	102271	AccountsPayableEOY
Other Liabilities BOY	1011565	OtherLiabilitiesBOY
Other Liabilities EOY	384431	OtherLiabilitiesEOY
Total Liabilities BOY	1105498	TotalLiabilitiesBOY
Total Liabilities EOY	486702	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	2174	CapitalStockBOY
Capital Stock EOY	2174	CapitalStockEOY
Paid In Or Capital Surplus BOY	1396432	PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY	1396432	PaidInOrCapitalSurplusEOY
Retained Earnings BOY	20473113	RetainedEarningsBOY
Retained Earnings EOY	18070933	RetainedEarningsEOY
Total Net Assets BOY	21871719	TotalNetAssetsBOY
Total Net Assets EOY	19469539	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	22977217	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	19956241	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	21871719	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-2402180	ExcessOfRevenueOverExpenses
Subtotal	19469539	Subtotal
Total Net Assets Fund Balances EOY	19469539	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	1623225	QualifyingDistributionsYear1
Noncharitable Assets Year1	14418660	NoncharitableAssetsYear1
Distribution Ratio Year1	0.112578	DistributionRatioYear1
Qualifying Distributions Year2	658023	QualifyingDistributionsYear2
Noncharitable Assets Year2	579600	NoncharitableAssetsYear2
Distribution Ratio Year2	1.135305	DistributionRatioYear2
Qualifying Distributions Year3	1577624	QualifyingDistributionsYear3
Noncharitable Assets Year3	455673	NoncharitableAssetsYear3
Distribution Ratio Year3	3.462185	DistributionRatioYear3
Qualifying Distributions Year4	842427	QualifyingDistributionsYear4
Noncharitable Assets Year4	214500	NoncharitableAssetsYear4
Distribution Ratio Year4	3.927399	DistributionRatioYear4
Qualifying Distributions Year5	1578235	QualifyingDistributionsYear5
Noncharitable Assets Year5	599400	NoncharitableAssetsYear5
Distribution Ratio Year5	2.633025	DistributionRatioYear5
Total Distribution Ratio	11.270492	TotalDistributionRatio
Average Distribution Ratio	2.254098	AverageDistributionRatio
Net Noncharitable Assets	13685990	NetNoncharitableAssets
Adjusted Noncharitable Assets	30849563	AdjustedNoncharitableAssets
One Percent Net Investment Income	2662	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	30852225	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	2311366	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	5325	InvestmentIncomeExciseTax
Subtotal	5325	Subtotal
Tax Based On Investment Income	5325	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	11272	EstTaxPaymentsAndOverpayment
Total Credits And Payments	11272	TotalCreditsAndPayments
Overpayment	5947	Overpayment
Amount Credited To Next Year	5947	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	CA	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	true	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	MANAGEMENT ACTIVITES INC	BooksInCareOfPersonName
Books In Care Of Phone Number	5624375359	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	1020 E 7TH STREET	AddressLine1
City	LONG BEACH	City
State	CA	State
ZIP Code	90813	ZIPCode

Statements Regarding Acty4720 StatementsRegardingActy4720

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

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
MIKE DEOVLET
1020 E 7TH STREET	LONG BEACH	CA	90813	TREAS/DIR	15.00	50000	0	0
BURKE GUMBINER
4053 SUNNYSLOPE AVE	LONG BEACH	CA	91423	SECRETARY	2.00	0	0	0
ALIS GUMBINER
1020 E 7TH STREET	LONG BEACH	CA	90813	DIRECTOR	2.00	0	0	0
BRIAN HOPE
1020 E 7TH STREET	LONG BEACH	CA	90813	CFO	5.00	25000	0	0

Compensation Of Highest Paid Empl CompensationOfHighestPaidEmpl

Field	Value	IRS element (for citing)
Name	BRENNA BARRETT	Name

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1020 E 7TH STREET	AddressLine1
City	LONG BEACH	City
State	CA	State
ZIP Code	90813	ZIPCode

Field	Value	IRS element (for citing)
Title	PIEM MUSEUM	Title
Average Hours Per Week	40.00	AverageHoursPerWeek
Compensation	77500	Compensation
Employee Benefits	5402	EmployeeBenefits

Field	Value	IRS element (for citing)
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	ETHNIC ART INSTITUTE OF MICRONESIA	Description1
Expenses1	510436	Expenses1
Description2	PACIFIC ISLAND ETHNIC ART MUSEUM	Description2
Expenses2	263624	Expenses2

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	2504364	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	630042	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	10760000	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	13894406	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	13894406	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	208416	CashDeemedCharitable
Net Noncharitable Assets	13685990	NetNoncharitableAssets
Minimum Investment Return	684300	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Sect4942j3j5 Fndtn And Frgn Org	X	Sect4942j3j5FndtnAndFrgnOrg

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	2311366	ExpensesAndContributions
Qualifying Distributions	2311366	QualifyingDistributions
Adj Qualifying Distributions	2311366	AdjQualifyingDistributions

Private Operating Foundations PrivateOperatingFoundations

Field	Value	IRS element (for citing)
Section4942j3	X	Section4942j3

Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn

Field	Value	IRS element (for citing)
Current Year	0	CurrentYear
Year3	22784	Year3
Total	22784	Total

Percent85 Of Lessor Percent85OfLessor

Field	Value	IRS element (for citing)
Year3	19366	Year3
Total	19366	Total

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Current Year	2311366	CurrentYear
Year1	1623225	Year1
Year2	658023	Year2
Year3	1579996	Year3
Total	6172610	Total

Qlfy Distri Not Used Directly QlfyDistriNotUsedDirectly

Field	Value	IRS element (for citing)
Current Year	1643563	CurrentYear
Year1	1180000	Year1
Total	2823563	Total

Qlfy Distri Made Directly QlfyDistriMadeDirectly

Field	Value	IRS element (for citing)
Current Year	667803	CurrentYear
Year1	443225	Year1
Year2	658023	Year2
Year3	1579996	Year3
Total	3349047	Total

Total Assets TotalAssets

Field	Value	IRS element (for citing)
Current Year	26289937	CurrentYear
Year1	23148160	Year1
Year2	13911139	Year2
Year3	14870390	Year3
Total	78219626	Total

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3Bi

Field	Value	IRS element (for citing)
Current Year	13727015	CurrentYear
Year1	11629587	Year1
Year2	9834370	Year2
Year3	10374449	Year3
Total	45565421	Total

Two Thirds Min Invst Return TwoThirdsMinInvstReturn

Field	Value	IRS element (for citing)
Current Year	456200	CurrentYear
Year1	495333	Year1
Year2	144912	Year2
Year3	15189	Year3
Total	1111634	Total

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2	Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
MUSEUM OF LATIN AMERICAN
ART	638 ALAMITOS AVENUE	LONG BEACH	CA	90802	NONE	501(C)(3)	PROMOTION OF VISUAL ARTS & CULTURE	$1,633,263
AIGA FOUNDATION
	3133 SAN FRANCISCO AVE	LONG BEACH	CA	90806	NONE	501(C)(3)	UNRESTRICTED	$300
ART EXCHANGE VISUAL ART
CENTER	340 E 3RD ST	LONG BEACH	CA	90802	NONE	501(C)(3)	UNRESTRICTED	$10,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	1643563	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$91,893	ExclusionAmount

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion Code	16	ExclusionCode
Exclusion	$393,581	ExclusionAmount

Other Investment Income Part VII OtherInvestmentIncomePartVII

Field	Value	IRS element (for citing)
Exclusion Code	15	ExclusionCode
Exclusion	$8,706	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	-$402,233	ExclusionAmount

Gross Profit Loss Sales Of Invntry GrossProfitLossSalesOfInvntry

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	163357	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$91,947	ExclusionAmount
Related Or Exempt Function Income	163357	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	255304	TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Field	Value	IRS element (for citing)
Line Number	10	LineNumber
Relationship Statement	INCOME DERIVED FROM EXEMPT PURPOSE ACTIVITIES RELATED TO THE ETHNIC ART INSTITUTE OF MICRONESIA, INCLUDING, AMONG OTHER EXEMPT PURPOSES, THE PROMOTION OF ART AND ART CULTURE.	RelationshipStatement

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	Category
Amount	$16,247	Amount
Adjusted Net Income	16247	AdjustedNetIncome

Compensation Explanation CompensationExplanation

Compensation Compensation (4 entries)

MIKE DEOVLET
BURKE GUMBINER
ALIS GUMBINER
BRIAN HOPE

Depreciation Schedule DepreciationSchedule

Depreciation Depreciation (114 entries)

Description Of PropertyDescriptionOfProperty	Date AcquiredDateAcquired	Cost Or Other BasisCostOrOtherBasis	Prior Years DepreciationPriorYearsDepreciation	Computation MethodComputationMethod	LifeLife	Current Year ExpenseCurrentYearExpense	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome
278 ALAMITOS - BLDG	1997-07-01	294711	94457	S/L	39.0000	7556	7556	7556
278 ALAMITOS - LAND	1997-07-01	265628
CAPITAL IMPROVEMENT	1998-07-01	2417	1055	S/L	39.0000	62	62	62
CAPITAL IMPROVEMENT	1999-07-14	21343	8070	S/L	39.0000	547	547	547
CAPITAL IMPROVEMENT	2000-07-01	117206	38355	S/L	39.0000	3005	3005	3005
CAPITAL IMPROVEMENT	2001-07-01	1716329	374066	S/L	39.0000	44008	44008	44008
CAPITAL IMPROVEMENT	2002-07-01	82726	15908	S/L	39.0000	2121	2121	2121
BLDGS	2009-04-30	333871	5707	S/L	39.0000	8561	8561	8561
LAND	2009-04-30	241129
500 ALAMITOS - BLDG	2009-04-30	2200000	37607	S/L	39.0000	56410	56410	56410
500 ALAMITOS - LAND	2009-04-30	550000
1066 E. 7TH ST- BLDG	2009-04-05	581579	15861	S/L	27.5000	21149	21149	21149
1066 E 7TH ST - LAND	2009-04-05	268421
1052 E 7TH ST - BLDG	2009-04-30	316667	7677	S/L	27.5000	11515	11515	11515
1052 E 7TH ST- LAND	2009-04-30	158333
1046 E 7TH ST - BLDG	2009-04-30	205000	4970	S/L	27.5000	7454	7454	7454
1046 E 7TH ST - LAND	2009-04-30	205000
LAND	2010-01-01	1000000
CAPITAL IMPROVEMENTS	2005-01-01	3059	387	S/L	39.0000	79
EAIM EQUIPMENT	2005-01-01	36411	36411	200DB	5.0000
OTHER EQUIPMENT	2005-01-01	12976	12976	200DB	5.0000
AIRPORT LANDING	1997-07-01	8989	7494	S/L	15.0000	600
AIRPORT LANDING	1998-07-01	10058	1437	S/L	7.0000	1437
LANDING CONSTRUCTION	1999-07-01	899	630	S/L	15.0000	60
BALBOA REMODEL	1999-07-01	8500	3214	S/L	27.5000	309
BAR/REST CONSTRUCT	1998-07-01	108431	108431	S/L	5.0000
BAR/REST CONSTRUCT	1999-07-01	6493	6493	S/L	5.0000
CAPITAL IMPROVEMENT	1995-07-01	74454	27681	S/L	39.0000	1909
HIPPODROME IMPROV	1996-07-01	314389	108825	S/L	39.0000	8062
292 ALAMITOS IMPROVE	1997-07-01	45700	45700	S/L	7.0000
1043 E 6TH ST	1997-07-01	276181	88520	S/L	39.0000	7081
628 ALAMITOS AVE	1997-07-01	168719	54075	S/L	39.0000	4326
CAPITAL IMPROVEMENT	1998-07-01	91541	39944	S/L	27.5000	3329
BALBOA CAP IMPROVEMENT	1998-07-01	6385	2785	S/L	27.5000	232
CAPITAL IMPROVEMENT	1999-07-01	24402	9227	S/L	27.5000	887
CAPITAL IMPROVE	2000-07-01	2350	769	S/L	27.5000	85
CAPITAL IMPROVE	2001-07-01	1490	325	S/L	39.0000	38
CAPITAL IMPROVE	2003-01-01	2547	453	S/L	39.0000	66
YAP CAPITAL IMPROVE	2003-01-01	2316	411	S/L	39.0000	60
CAPITAL IMPROVE	2004-01-01	1593	244	S/L	39.0000	41
EAIM BUILDING	2000-07-01	2614692	603380	S/L	39.0000	67044
EAIM EQUIPMENT	2000-07-01	652933	652933	S/L	7.0000
EAIM BLDG	2001-07-01	326124	71077	S/L	39.0000	8362
EAIM EQUIP	2001-07-01	35018	35018	S/L	7.0000
EAIM BLDG	2002-07-01	92096	17708	S/L	39.0000	2362
EAIM EQUIP	2002-07-01	2428	2428	S/L	7.0000
EQUIPMENT	2003-01-01	14400	13372	S/L	7.0000	1028
EQUIPMENT	2003-01-10	12469	11578	S/L	7.0000	891
CONSTRUCTION IMPROVE	2003-01-01	10865	4709	S/L	15.0000	725
GARDEN LIGHT/A TRIA	2000-07-01	971	971	S/L	7.0000
GARDEN LIGHT/ A TRIA	2001-07-01	746	746	S/L	7.0000
GARDEN LIGHT/ A TRIA	2002-07-01	61	61	S/L	7.0000
CAPITAL IMPROVE	2006-12-31	378095	29490	S/L	39.0000	9694
INTERIOR DESIGN	1995-07-01	7343	7343	S/L	7.0000
INTERIOR DESIGN	1995-07-01	14437	14437	S/L	7.0000
INTERIOR DESIGN	1996-07-01	2568	2568	S/L	7.0000
KANTEEN EQUIPMENT	1998-07-01	6400	6400	S/L	7.0000
KANTEEN EQUIPMENT	1999-07-01	749	749	S/L	7.0000
KANTEEN EQUIPMENT	2002-07-01	28	28	S/L	7.0000
KANTEEN IMPROVE	1998-07-01	116	95	S/L	15.0000	7
KANTEEN IMPROVEMENT	1999-07-01	695	484	S/L	15.0000	47
KANTEEN IMPROVEMENT	2000-07-01	972	585	S/L	15.0000	65
KANTEEN IMPROVE	2001-07-01	673	382	S/L	15.0000	45
KITCHEN EQUIPMENT	1999-07-01	3286	3286	S/L	7.0000
KITCHEN EQUIPMENT	2000-07-01	1017	1017	S/L	7.0000
KITCHEN EQUIPMENT	2001-07-01	3727	3727	S/L	7.0000
KITCHEN EQUIPMENT	2002-07-01	2688	2688	S/L	7.0000
KITCHEN EQUIP	2003-01-01	315	292	S/L	7.0000	23
LANDING EQUIPMENT	1998-07-01	10324	8261	S/L	15.0000	689
LANDING EQUIPMENT	1999-07-01	812	812	S/L	7.0000
MAA CONSTRUCTION	1999-07-01	123	85	S/L	15.0000	8
MAA CONSTRUCTION	2000-07-01	4238	2546	S/L	15.0000	282
EAIM EQUIPMENT	2006-12-31	36410	30221	S/L	5.0000	6189
COMPUTER EQUIPMENT	2006-12-31	877	547	S/L	5.0000	176
MURAL	1995-07-01	18858	18858	S/L	7.0000
OFFICE EQUIPMENT	2004-01-01	211	211	S/L	5.0000
HIPPODROME BLDG	1995-12-15	936000	337996	S/L	39.0000	24000
HIPPODROME LAND	1995-12-15	264000
6TH STREET BLDG	1995-05-26	300000	112817	S/L	39.0000	7693
6TH STREET - LAND	1995-05-26	475000
1033 6TH ST - BLDG	1998-02-24	180977	78968	S/L	27.5000	6581
1033 6TH ST - LAND	1998-02-24	60326
1011 6TH ST - BLDG	1998-03-10	168856	73681	S/L	27.5000	6140
1011 6TH ST - LAND	1998-03-10	56285
1021 6TH ST - BLDG	1998-03-30	117934	51463	S/L	27.5000	4288
1031 6TH ST - LAND	1998-03-03	39311
1029 E. 6TH ST - BLDG	1998-04-21	58031	25321	S/L	27.5000	2110
1029 E. 6TH ST - LAND	1998-04-21	19344
910 6TH ST - LAND	1998-10-22	10000
920 E. 3RD ST - BLDG	1999-07-01	216280	58001	S/L	39.0000	5545
1038 7TH ST - BLDG	2000-07-01	122220	28206	S/L	39.0000	3134
1038 7TH ST - LAND	2000-07-01	38596
EAIM MKTG START UP	2000-07-01	169196	169196	S/L	5.0000
TOUR EQUIPMENT	1998-07-01	2975	2377	S/L	15.0000	199
TOUR EQUIPMENT	1999-07-01	107	107	S/L	7.0000
TOUR EQUIPMENT	1999-07-01	27	27	S/L	7.0000
TOUR EQUIPMENT	2000-07-01	3927	3927	S/L	7.0000
TOUR EQUIPMENT	2001-07-01	1629	1629	S/L	7.0000
TOUR EQUIPMENT	2002-07-01	3076	3076	S/L	7.0000
EQUIPMENT	2003-01-01	1225	1137	S/L	7.0000	88
TRADERS VILLAGE	2000-07-01	2126	2126	S/L	7.0000
TRADERS VILLIAGE	2002-07-01	8126	8126	S/L	7.0000
TRADERS VILLAGE	2002-07-01	902	902	S/L	7.0000
TRADERS VILLAGE	2003-04-01	100	91	S/L	7.0000	9
TRANSPORTATION	1998-07-01	2950	2950	S/L	7.0000
TRANSPORTATION	2000-07-01	4000	4000	S/L	7.0000
VAN	1995-07-01	2914	2914	S/L	5.0000
VERANDA BAR	2000-07-01	2854	2854	S/L	7.0000
VERANDA BAR	2001-07-01	24	24	S/L	7.0000
2008 IMPROVEMENT	2008-07-01	198085	7619	S/L	39.0000	5079
2009 CAPITAL IMPROVE	2009-07-01	614695	7881	S/L	39.0000	15761
TRIANGLE - BLDG	1994-12-29	225000	126820	S/L	27.5000	8182
TRIANGLE PARK-LAND	1994-12-29	218000
902 ALAMITOS - IMPROVE	2010-06-30	97428		S/L	39.0000	1249

Employee Compensation Expln EmployeeCompensationExpln

Employee Comp Explanation EmployeeCompExplanation

Field	Value	IRS element (for citing)
Employee Name	BRENNA BARRETT	EmployeeName

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (23 entries)

NameName	Date AcquiredDateAcquired	How AcquiredHowAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	BasisBasis	Total NetTotalNet
CATERPILLAR FINL	2009-07	PURCHASE	2010-01	56089	53786	2303
PRINCIPAL LIFE INS	2009-04	PURCHASE	2010-01	49225	45336	3889
HOUSEHOLD FINANCE	2009-03	PURCHASE	2010-01	95100	73000	22100
FHLB STEP UP	2009-07	PURCHASE	2010-01	300000	300000
BEAR STEARNS	2009-03	PURCHASE	2010-02	245270	211600	33670
VERIZON NEW ENGLAND	2009-07	PURCHASE	2010-03	53159	52615	544
HOUSEHOLD FINANCE	2009-03	PURCHASE	2010-04	98675	73000	25675
FHR 2778 TD	2009-03	PURCHASE	2010-04	63819	64299	-480
EUROBANK HATO REY PR	2009-07	PURCHASE	2010-05	100000	100000
WETERBANK PR	2009-04	PURCHASE	2010-05	50000	50354	-354
CATERPILLAR FINL	2009-07	PURCHASE	2010-05	112775	107030	5745
PROTECTIVE LIFE	2009-03	PURCHASE	2010-05	209975	179525	30450
BOEING CAP CORP	2009-11	PURCHASE	2010-05	189600	186044	3556
FED NATL MTG STEP UP	2009-12	PURCHASE	2010-06	100000	100024	-24
FED NATL MORTG STEP UP	2009-12	PURCHASE	2010-06	40000	39955	45
FIRST UNION CORP	2009-07	PURCHASE	2010-08	100000	100512	-512
US TREAS STRIP	2010-06	PURCHASE	2010-09	176449	169545	6904
DOW CHEMICAL	2009-03	PURCHASE	2010-09	199760	165400	34360
FED HOME LOAN BANK	2010-07	PURCHASE	2010-09	100000	99970	30
BANK AMERICA NATIONAL ASSOC	2009-07	PURCHASE	2010-10	100000	100000
SECURITY BANK	2009-07	PURCHASE	2010-12	100000	100000
VARIOUS CMO'S (ROP)	2010-01	PURCHASE	2010-01	149274	149274
MOONRIDGE-BIG BEAR	2009-10	PURCHASE	2010-06	2062500	2632634	-570134

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanation

Field	Value	IRS element (for citing)
Identifier	GENERAL ELECTIONS	Identifier

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Field	Value	IRS element (for citing)
Name Of Bond	CORPORATE BONDS	NameOfBond
EOY Book Value	861434	EOYBookValue
EOYFMV	924259	EOYFMV

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Securities EOY Book Value	1424624	USGovtSecuritiesEOYBookValue
US Govt Securities EOYFMV	1430112	USGovtSecuritiesEOYFMV

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLand

Field	Value	IRS element (for citing)
Cost Or Other Basis	9264054	CostOrOtherBasis
Accumulated Depreciation	897511	AccumulatedDepreciation
Book Value	8366543	BookValue
EOYFMV	11320339	EOYFMV

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtc

Field	Value	IRS element (for citing)
Cost Or Other Basis	10233889	CostOrOtherBasis
Accumulated Depreciation	3311585	AccumulatedDepreciation
Book Value	6922304	BookValue
EOYFMV	10233889	EOYFMV

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

Field	Value	IRS element (for citing)
Category	INDIRECT LEGAL FEES	Category
Amount	$24,868	Amount

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	ARTWORK	Description
BOY Book Value	1493126	BOYBookValue
EOY Book Value	1493126	EOYBookValue
EOYFMV	1493126	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (28 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
278 ALAMITOS - ARTIST LOFTS
RENTAL EXPENSES	59732	59732
900-918 E 4TH ST
RENTAL EXPENSES	15241	15241
500 ALAMITOS-TALBERT
RENTAL EXPENSES	7282	7282
1066 E 7TH STREET
OTHER RENTAL EXPENSES	64385	64385
1052 E 7TH STREET
RENTAL EXPENSES	18009	18009
1046 E 7TH STREET
RENTAL EXPENSES	23828	23828
300 ALAMITOS PARKING LOT
RENTAL EXPENSES	17202	17202
EXPENSES
PAYROLL PROCESSING	2408		2408
CONTRACTED LABOR	31585		6614	24970
WORKERS COMPENSATION	1713		1130	583
BUSINESS LICENSE FEES	670		140	530
BANK CHARGES	2073	2073	1673	400
TELEPHONE	3573		1953	1620
OFFICE SUPPLIES	3607		2064	1542
AUTO EXPENSE	1080		1080
MISCELLANEOUS	1373		1373
EXHIBIT COSTS	27740		5809	21931
PROGRAM EXPENSES	400869		83948	316921
ADVERTISING	9408		1970	7438
EXCESS ANI EXPENSES ADJUSTMEN			-51100	51100

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	OIL RIGHTS ROYALTIES	Description
Revenue And Expenses Per Books	8706	RevenueAndExpensesPerBooks
Net Investment Income	8706	NetInvestmentIncome

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	EOY Book ValueEOYBookValue	BOY Book ValueBOYBookValue
SALES TAX DEPOSIT	568
TENANT DEPOSITS	63210	54633
LINE OF CREDIT (ML)		99126
NOTE PAYABLE (ML)		216500
LOAN - ROBERT GUMBINER	320653	641306

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLong

Borrowers Name BorrowersName

Field	Value	IRS element (for citing)
Individual	MOLAA CONSTRUCTION LOAN	Individual

Field	Value	IRS element (for citing)
Relationship To Insider	NONE	RelationshipToInsider
Original Amount Of Loan	1325129	OriginalAmountOfLoan
Balance Due	462500	BalanceDue
Repayment Terms	ON DEMAND	RepaymentTerms
Interest Rate	0.0000	InterestRate

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShort

Name Of501c3 Organization NameOf501c3Organization

Field	Value	IRS element (for citing)
Business Name Line1	MOLAA CAPITAL CONSTRUCTION LOAN	BusinessNameLine1

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (6 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome
OUTSIDE CONTRACTORS	$8,140	8140	8140
278 ALAMITOS - ARTIST LOFTS	$15,563	15563	15563
1066 E 7TH STREET	$5,833	5833	5833
1052 E 7TH STREET	$1,889	1889	1889
1046 E 7TH STREET	$3,083	3083	3083
300 ALAMITOS PARKING LOT	$951	951	951

Sales Of Inventory List SalesOfInventoryList

Sale Of Inventory SaleOfInventory (2 entries)

CategoryCategory	Gross SalesGrossSales	Cost Of Goods SoldCostOfGoodsSold	NetNet
EAIM	211136	81160	129976
PIEAM	34536	1155	33381

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
PAYROLL TAXES	$44,002	5500	12911	12140
PROPERTY TAXES - BIG BEAR	$167,453	167453	167453