2011-11-15T12:40:39-06:00 2010-12-31 SWENSON ADVISORS LLP 25220 HANCOCK AVE SUITE 240 MURRIETA CA 92562 990 2010-01-01 900126641 NTC FOUNDATION NTCF 6192261490 PO BOX 6550 SAN DIEGO CA 921660550 LARRY EYLER 6192261490 2011-11-09 1 PETE PALMER 9514454700 X 2010 2016-03-07 17:11:31Z LARRY EYLER PO BOX 6550 SAN DIEGO CA 921660550 989056 0 X WWW.NTCPROMENADE.ORG X 2000 CA TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE NAVAL TRAINING CENTER "NTC" LOCATED IN THE CITY OF SAN DIEGO, CALIFORNIA, SPECIFICALLY RESTRICTED TO THE PORTION OF THE NTC REFERRED TO AS THE "CIVIC ARTS & CULTURAL CENTER"; AND TO OPERATE THE "CIVIC ARTS & CULTURAL CENTER." 4 0 30 5 0 0 139887 390862 0 0 253690 277786 125584 320408 519161 989056 0 0 0 0 1229726 1376361 0 0 145646 354968 395342 1584694 1771703 -1065533 -782647 23271441 22832412 11771706 12115324 11499735 10717088 X TO ACQUIRE, RENOVATE AND PRESERVE THE LAND AND THE FACILITIES OF THE NAVAL TRAINING CENTER "NTC" LOCATED IN THE CITY OF SAN DIEGO, CALIFORNIA, SPECIFICALLY RESTRICTED TO THE PORTION OF THE NTC REFERRED TO AS THE "CIVIC ARTS & CULTURAL CENTER"; AND TO OPERATE THE "CIVIC ARTS & CULTURAL CENTER." 0 0 132087 REHABILITATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 383480 LEASING ACTIVITIES RELATED TO THE OPERATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 598745 OTHER PROGRAMS RELATED TO THE OPERATION OF THE NTC "CIVIC ARTS & CULTURAL CENTER" 1114312 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 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 1 1 0 0 0 1 0 0 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 CA X LARRY EYLER 6192261440 PO BOX 6550 SAN DIEGO CA 92166 PAMELA HAMILTON-LESTER 30.00 X X 69583 0 0 MITCHELL WOODBURY 1.00 X 0 0 0 GORDON SWANSON 1.00 X 0 0 0 JUDY MCDONALD 1.00 X 0 0 0 HANK KILLMAR 1.00 X 0 0 0 RADM FRAN HOLIAN USN RET 1.00 X 0 0 0 ROGER BRENES 1.00 X 0 0 0 KURT CHILCOTT 1.00 X 0 0 0 RICHARD OPPER 1.00 X 0 0 0 RICH GUSTAFSON 1.00 X 0 0 0 DAVID O'BRIEN 1.00 X 0 0 0 JODY BANDEN HEUVEL 1.00 X 0 0 0 ALAN ZITER 40.00 X 120402 0 0 LARRY EYLER 40.00 X 161894 0 0 LEW WITHERSPOON 40.00 X 102496 0 0 ELIOT ALPORT 1.00 X 0 0 0 VICTORIA HAMILTON 1.00 X 0 0 0 JANICE WEINRICK 1.00 X 0 0 0 KEN STIPANOV 1.00 X 0 0 0 RICHARD LEDFORD 1.00 X 0 0 0 454375 0 0 3 0 1 0 NEAL SINGER 521 AVENIDA PRIMAVERA DEL MAR CA 92014 CONSTRUCTION MANAGER 105600 1 234254 156608 390862 277786 277786 DEVELOPER FEE 900099 313428 313428 REIMBURSABLE EXPENSES 900099 6980 6980 320408 989056 598194 0 0 454376 338116 77185 39075 921985 686080 156617 79288 18984 18984 30576 30576 27050 13000 1050 13000 5863 1778 4085 24114 3055 20038 1021 16419 16123 94 202 4508 162 3605 741 143267 143267 24159 24159 3819 3819 LIBERTY SCHOOL AT NTC 42125 42125 BANK & CREDIT CARD FEES 14674 14674 TELEPHONE 10247 10247 ELECTRIC & GAS 7364 189 7175 OTHER EVENTS 4300 4300 17873 9384 -3830 12319 1771703 1114312 511745 145646 20664 134820 3949098 3557402 3685399 3381130 12910861 12664756 3460 558 153337 118127 49203 35210 835829 835829 1816927 2222707 23271441 22832412 227458 385504 4998421 4684993 6244827 7044827 301000 0 11771706 12115324 X 9900419 9357774 1599316 1359314 11499735 10717088 23271441 22832412 -782647 0 X 0 1 0 X 0 X 2304987 783751 656964 265471 711271 4722444 2304987 783751 656964 265471 711271 4722444 255000 250000 328090 15000 330082 1178172 0 255000 250000 328090 15000 330082 1178172 3544272 455905 702500 207691 253690 277785 1897571 455905 702500 207691 253690 277785 1897571 2760892 1486251 864655 519161 989056 6620015 0.53540 0.56490 0.28660 0.23660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153337 118127 35210 35210 DEPOSITS 969 CONSTRUCTION IN PROGRESS 2221738 2222707 989056 1771703 -782647 0 -782647 704641 0 704641 284415 284415 989056 1771703 0 1771703 0 1771703 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ON JANUARY 1, 2009, THE FOUNDATION ADOPTED AUTHORITATIVE GUIDANCE ISSUED BY THE FASB WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FOUNDATIONS FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX POSITIONS FOR PURPOSES OF APPLICATION OF THIS GUIDANCE INCLUDE THE TAX STATUS OF THE FOUNDATION AS AN ENTITY EXEMPT FROM TAX, AND ALSO TO WHAT DEGREE THE FOUNDATIONS ACTIVITIES GIVE RISE TO UNRELATED BUSINESS TAXABLE INCOME (UBTI). THIS GUIDANCE ALSO ADDRESSES DE-RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION. THE FOUNDATIONS FEDERAL EXEMPT ORGANIZATION RETURNS FOR TAX YEARS 2007 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATIONS EXEMPT ORGANIZATION RETURNS OF THE TAX YEARS 2006 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. THE FOUNDATION DID NOT HAVE UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2010 AND 2009 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. IN CONNECTION WITH THE ADOPTION OF THE GUIDANCE PERTAINING TO UNCERTAIN TAX POSITIONS, THE FOUNDATION WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF DECEMBER 31, 2010 AND 2009, THE FOUNDATION HAD NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS OTHER AMOUNTS INCLUDED ON FORM 990 PART VIII, LINE 12, BUT NOT ON LINE 1: ($15,153) REPRESENTS COSTS OF CONTRIBUTED REVENUE X 0 0 0 0 0 0 0 0 0 LARRY EYLER 161894 0 0 0 0 0 0 0 0 0 161894 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S GOVERNING BODY REVIEWS AND COMPARES FORM 990 TO ITS IN-HOUSE PREPARED AND AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 NTC FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABE TO THE PUBLIC UPON REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII ALAN ZITER - PO BOX 6550, SAN DIEGO, CA 92166. LARRY EYLER - PO BOX 6550, SAN DIEGO, CA 92166. PAMELA HAMILTON-LESTER - PO BOX 6550, SAN DIEGO, CA 92166. LEW WITHERSPOON - PO BOX 6550, SAN DIEGO, CA 92166. ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) FORM 990 ELECTION STATEMENT: DELECTION UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX EXEMPT ENTITY. THE CORPORATION LOCATED AT 2801 ROSECRANS STREET HEREBY ELECTS UNDER INTERNAL REVENUE CODE SECTION 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF APPLYING THE RULES FOUND IN I.R.C. SECTION 168(H)(6). THIS ELECTION IS AVAILABLE TO BE MADE BY AN ENTITY THAT IS NOT TAX EXEMPT, BUT WHICH IS CONTROLLED 50% OR MORE BY A TAX-EXEMPT ENTITY. NTC LIBERTY 19, INC. QUALIFIES TO MAKE SUCH ELECTION, AS IT IS OWNED 100% BY NTC FOUNDATION (A TAX-EXEMPT ENTITY). THE PURPOSE OF THIS ELECTION IS TO TREAT THE ENTITIES ALLOCABLE SHARE OF DEPRECIABLE PROPERTY OWNED BY NTC FOUNDATION AS PROPERTY WHICH IS NOT TAX-EXEMPT-USE PROPERTY. NTC INVESTOR LP 2801 ROSECRANS STREET SAN DIEGO CA 92106 203854579 ADMINISTRATION CA NTC FOUNDATION UNRELATED 1904 0 1 0.00010 NTC LIBERTY 19 OWNER LP 2801 ROSECRANS STREET SAN DIEGO CA 92106 264220497 LEASING CA NTC LIBERTY 19 INC UNRELATED -29644 3049703 0 0 0.90000 NTC LIBERTY 19 MASTER TENANT LP 2801 ROSECRANS STREET SAN DIEGO CA 92106 264220544 RENTAL CA CCG HISTORIC PARTNERS FUNDS LLC UNRELATED 89 0 0 0.00010 NTC MANAGER INC 2801 ROSECRANS STREET SAN DIEGO CA 92106 203805802 REAL ESTATE MANAGEMENT CA NTC FOUNDATION C -3359 1967384 1.00000 NTC LIBERTY STATION INC 2801 ROSECRANS STREET SAN DIEGO CA 92106 203805723 REAL ESTATE RENTAL CA NTC FOUNDATION C -457130 32561938 1.00000 NTC LIBERTY 19 INC 2801 ROSECRANS STREET SAN DIEGO CA 92106 264220299 REAL ESTATE MANAGEMENT CA NTC FOUNDATION C -108159 696210 1.00000 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NTC LIBERTY 19 OWNER LP K 313428 GAAP FINANCIAL STATEMENTS NTC LIBERTY 19 MASTER TENANT LP K 6980 GAAP FINANCIAL STATEMENTS NTC LIBERTY STATION INC D 3543471 GAAP FINANCIAL STATEMENTS NTC LIBERTY 19 OWNER LP D 2200000 GAAP FINANCIAL STATEMENTS NTC TENANT D 336488 GAAP FINANCIAL STATEMENTS NTC MANAGER D 23028 GAAP FINANCIAL STATEMENTS NTC LIBERTY 19 INC D 1274 GAAP FINANCIAL STATEMENTS