Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 280104   Room/suite
City or town, state, and ZIP code
BROOKLYN, NY112280104
A Employer identification number

11-1666853
B Telephone number (see page 10 of the instructions)

(718) 238-4326
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,491,139J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 9,843
2 Check bullet
3 Interest on savings and temporary cash investments 20 20 20
4 Dividends and interest from securities...... 64,119 61,062 64,119
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 109,493
b Gross sales price for all assets on line 6a 2,967,063
7 Capital gain net income (from Part IV, line 2)... 109,493
8 Net short-term capital gain......... 46,272
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 183,475 170,575 110,411
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,800 1,900 0 1,900
b Accounting fees (attach schedule)....... Click to see attachment 2,667 1,334 0 1,333
c Other professional fees (attach schedule)....        
17 Interest............... 45 45 0 0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 599 474 0 125
19 Depreciation (attach schedule) and depletion... Click to see attachment 9,816 0 8,262
20 Occupancy.............. 8,000 4,000 0 4,000
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,827 5,484 0 13,343
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,754 13,237 8,262 20,701
25 Contributions, gifts, grants paid........ 127,625 127,625
26 Total expenses and disbursements. Add lines 24 and 25 171,379 13,237 8,262 148,326
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,096
b Net investment income (if negative, enter -0-) 157,338
c Adjusted net income (if negative, enter -0-)... 102,149
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 631,110 76,898 76,898
2 Savings and temporary cash investments.......... 239,893 57,830 57,830
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,319,458 Click to see attachment2,515,027 2,744,372
14 Land, buildings, and equipment: basis bullet657,045
Less: accumulated depreciation (attach schedule) bullet45,006 0 Click to see attachment612,039 612,039
15 Other assets (describe bullet) Click to see attachment59,756 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,250,217 3,261,794 3,491,139
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,250,217 3,261,794
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,250,217 3,261,794
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,250,217 3,261,794
Part III 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)............... 1 3,250,217
2 Enter amount from Part I, line 27a...................... 2 12,096
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 3,262,313
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 519
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,261,794
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 400-ALIMERA SCIENCES INC P 2010-04-21 2010-05-20
b 250-ANGLOGOLD ASHANTILIMITED P 2010-09-15 2010-10-19
c 100-APACHE CORP P 2010-07-23 2010-07-27
d 600-APOLLO COML REAL EST FIN INC P 2010-09-16 2010-10-29
e 900-ARES CAPITAL CORP P 2010-01-26 2010-03-09
400-BIOMED REALTY TRUST INC P 2010-04-14 2010-04-28
300-BIOMED REALTY TRUST INC P 2010-09-23 2010-11-18
50000-BIOMED REALTY TRUST INC P 2009-01-15 2010-07-28
1000-BOARDWALK PIPELINE PTNRS LP P 2010-02-18 2010-05-05
200-BOARDWALK PIPELINE PTNRS LP P 2010-02-18 2010-05-05
5000-BULL PLUS GLOBAL . 000 9-28-11 P 2010-03-25 2010-12-17
850-CAMPUS CREST CMNTYS INC COM P 2010-10-13 2010-10-29
125-CAPELLA EDUCATION COMPANY P 2010-02-25 2010-04-29
500-CAREFUS10N CORP P 2010-09-15 2010-09-30
500-CAREFUS10N CORP P 2010-09-15 2010-09-30
500-CENTERPOINT ENERGY INC P 2010-06-09 2010-07-14
175-CF INDUSTRIES HOLDINGS,INC P 2010-04-15 2010-05-03
500-CHESAPEAKE MIDSTREAM PTNR LP P 2010-07-28 2010-07-30
1100-CHINA KANGHUI HOLD SPON ADR P 2010-08-11 2010-08-12
800-CINEMARK HOLDINGS P 2010-01-20 2010-03-02
30000-CITIGP TE438 TND 7 1/4 10-01-10 P 2009-02-09 2010-05-11
3750-CITIGROUP INC P 2009-12-16 2010-01-20
3750-CITIGROUP INC P 2009-12-16 2010-02-04
10000-CITIGROUP INC P 2010-12-06 2010-12-07
50000-CITY BANK CD 23/4 7-27-11 P 2009-01-15 2010-04-21
400-CNINSURE INC ADR P 2010-07-08 2010-09-14
75000-COCA-COLA HBC FIN 5 1/2 9-17-15 P 2005-02-03 2010-02-16
200-COMERICA !NC P 2010-03-09 2010-04-28
300-COMMONWEALTH REIT COM P 2010-09-21 2010-10-29
1000-COMPASS DIV TR SHS BENEFICIAL P 2010-04-13 2010-05-04
225-CON-WAY INC P 2010-05-13 2010-05-21
500-CONS EDISON INC (HLDG COL P 2010-09-28 2010-11-24
200-COPA HOLDINGS,S.A. ELA A P 2010-03-18 2010-05-20
800-COPANO ENERGY L.L.C. P 2010-03-03 2010-04-13
1000-COSTAMARE INC P 2010-11-03 2010-11-18
400-DCP MIDSTREAM PARTNERS LP UNIT P 2010-08-11 2010-11-18
450-DIGITALGLOBE NEW P 2010-09-15 2010-11-03
400-DOLLAR GEN CORP NEW COM P 2010-04-14 2010-05-20
800-DUKE REALTY CORP P 2010-06-17 2010-08-19
425-E-COMMERCE CHINA SPON ADS CL-A P 2010-12-07 2010-12-16
600-ECA MARCELLUS TR! P 2010-07-01 2010-09-14
400-EL PASO PIPELINE PARTNERS LP P 2010-06-18 2010-07-23
5000-ELKS AXP C 8.000 9-22-10 P 2010-03-11 2010-09-22
5000-ELKS ON WFC 10.000 8-27-10 P 2010-02-22 2010-08-27
500-ENTERPRISE PROD PRTNRS L.P. P 2010-01-07 2010-03-18
400-ENTERPRISE PROD PRTNRS L.P. P 2010-04-13 2010-05-20
100-ENTERPRISE PROD PRTNRS L.P. P 2010-04-13 2010-05-20
400-ENVESTNET INC P 2010-07-28 2010-08-09
1500-EXCEL TRUST INC P 2010-04-22 2010-05-04
200-EXPRESS INC P 2010-05-12 2010-05-20
450-FABRINET P 2010-06-25 2010-07-14
1500-FEDERAL SIGNAL CORP P 2010-05-07 2010-07-15
100000-FHLB 5.650 4-20-22 P 2008-12-01 2010-02-16
500-FIDUCIARY/CLAYMORE MLP OPPTY P 2010-08-18 2010-09-22
500-FIDUCIARY/CLAYMORE MLP OPPTY P 2010-08-18 2010-09-22
700-FIFTH STREET FINANCE CORP COM P 2010-06-16 2010-07-20
700-GENERAL MTRS CO P 2010-11-18 2010-11-24
200-GENPACT LTD P 2010-03-18 2010-04-21
50-GENPACT LTD P 2010-03-18 2010-04-21
15000-GLBL REC.PLUS P 2009-10-23 2010-03-24
1250-GOLDEN STAR RES LTD P 2010-05-15 2010-10-19
90-GOVERNMENT PPTYS INC TR P 2010-01-14 2010-03-03
300-GOVERNMENT PPTYS INC TR P 2010-08-05 2010-09-14
175-HARTFORD FIN SERS GRP INC P 2010-03-18 2010-05-06
500-HORIZON TECH FIN CP P 2010-10-28 2010-11-18
500-INERGY L.P. P 2010-01-20 2010-03-18
350-INERGY L.P. P 2010-09-08 2010-09-22
500-INVESCO MORTGAGE CAPITAL P 2010-04-27 2010-09-14
700-INVESCO MORTGAGE CAPITAL P 2010-10-07 2010-11-04
400-IRONWOOD PHARM INC A P 2010-08-02 2010-08-10
1937.578-JP MORGAN US DYNAMIC PLUS C P 2009-11-30 2010-07-15
3.347-JP MORGAN US DYNAMIC PLUS C P 2009-12-21 2010-07-15
10000-JUMP IYR JPM , 000 1-27-12 P 2010-01-25 2010-03-24
400-KAYNE ANDERSON MLP INVT CO P 2010-08-06 2010-11-18
400-KRATON PERF POLYMERS INC P 2010-09-23 2010-10-07
2000-LDK SOLAR CO LTD ADR P 2009-12-18 2010-01-07
200-MAGELLAN MIDSTREAM PARTNERS LP P 2010-07-14 2010-08-10
200-MARKET VECTORS GOLD MINERS P 2009-11-11 2010-01-22
200-MARKET VECTORS GOLD MINERS P 2009-12-24 2010-01-22
250-MARKET VECTORS GOLD MINERS P 2010-02-16 2010-05-14
250-MARKET VECTORS GOLD MINERS P 2010-02-16 2010-10-19
500-MARKWEST ENGY PTNRS LP P 2010-03-31 2010-05-20
600-MCCORMICK & SCHMICK'S SEA REST P 2010-03-02 2010-03-18
600-MOLYCORP INC DEL COM P 2010-07-29 2010-09-15
1000-NASDAQ PREM INCM & GRW P 2010-04-13 2010-11-24
1500-NASDAQ PREM INCM & GRW P 2010-05-24 2010-11-24
50000-NATIONSBANK CORP 6.600 5-15-10 P 2001-11-27 2010-05-17
500-NATURAL RES PTNRS LP P 2010-04-01 2010-05-06
750-NISKA GAS STORAGE PTNRS-U P 2010-05-12 2010-05-20
400-NISOURCE INC P 2010-09-08 2010-09-28
400-NORANDA ALUM HLDGS P 2010-05-13 2010-07-19
450-NORDIC AMERICAN TNKR SHIPPING P 2010-01-22 2010-05-03
500-NXP SEMICONDUCTORS NV P 2010-08-05 2010-08-24
300-NXP SEMICONDUCTORS NV P 2010-08-05 2010-08-24
800-OCLARO INC COM NEW P 2010-05-06 2010-06-22
275-ONEOK PARTNERS LP P 2010-02-02 2010-04-29
500-OXFORD RES PTNRS LP P 2010-07-13 2010-08-09
1000-PENNANTPARK INVESTMENT CORP P 2010-08-18 2010-10-19
550-PETROLEO BRAS SA ADS P 2010-09-23 2010-11-26
750-PNC FINL SVCS GP P 2010-02-03 2010-03-18
250-PNC FINL SVCS GP P 2010-02-03 2010-03-18
500-PPL CORPORATION P 2010-06-22 2010-07-14
700-QLLK TECHNOLOGIES P 2010-07-15 2010-07-23
1200-RADIAN GROUP INC P 2010-05-05 2010-05-13
200-RAILAMERICA INC P 2010-08-05 2010-08-31
400-REALTY INCOME CORP P 2010-09-23 2010-11-04
400-REGENCY ENERGY PTNRS LP UTS P 2010-08-11 2010-09-28
100000-REVCONS ON BAC 15.200 4-28-10 P 2009-10-23 2010-04-28
100000-REVCONS ON GE 15.000 3-15-1(1 P 2009-09-09 2010-03-15
1000-SCORPIO TANKERS INC P 2010-03-30 2010-05-03
840-SENSATA TECHNOLOGIES P 2010-03-10 2010-05-05
300-SMART TECH CL A SUB VTG SHS P 2010-07-14 2010-07-29
2500-SPROTT PHYSICAL GOLD TRUST P 2010-02-25 2010-05-14
2500-SPROTT PHYSICAL GOLD TRUST P 2010-02-25 2010-07-28
1100-SPROTT PHYSICAL GOLD TRUST P 2010-05-26 2010-07-28
1000-SPROTT PHYSICAL GOLD TRUST P 2010-09-17 2010-09-28
0-SPDR GOLD TR P 2010-01-15 2010-01-15
400-TARGA RES PTNRS LP REP UTS P 2010-08-10 2010-12-01
200-TARGA RES PTNRS LP REP UTS P 2010-08-10 2010-12-01
1000-TEEKAY TANKERS LTD CLASS A P 2010-10-01 2010-10-29
325-TESLA MOTORS INC P 2010-06-29 2010-07-14
500-THERAVANCE INC P 2010-03-19 2010-04-27
1400-TIVO INC P 2010-09-22 2010-11-09
500-TRANSMONTAIGNE PARTNERS LP P 2010-01-12 2010-04-28
350-TRW AUTOMOTIVE HOLDING CORP P 2010-09-10 2010-09-30
250-TRW AUTOMOTIVE HOLDING CORP P 2010-09-10 2010-09-30
400-UIL HLDGS CORP P 2010-09-16 2010-09-22
9261-UNIT VK GLOBAL EQ DIVIDEND 2 P 2010-04-23 2010-09-30
112-UNIT VK GLOBAL EQ DIVIDEND 2 P 2010-06-25 2010-09-30
88-UNIT VK GLOBAL EQ DIVIDEND 2 P 2010-09-25 2010-09-30
1000-UNITED STATES NATURAL GAS FUND P 2009-06-10 2010-02-16
250-UNITED STATES NATURAL GAS FUND P 2009-07-14 2010-02-16
400-UNITED STATES NATURAL GAS FUND P 2009-09-14 2010-02-16
80000-VERIZON COMM 5.550 2-15-16 P 2007-05-01 2010-02-16
2574.125-VIRTUS ALPHASECTOR ROTATION C P 2009-11-16 2010-11-29
12525.548-VIRTUS ALPHASECTOR ROTATION C P 2009-11-27 2010-11-29
24.58-VIRTUS ALPHASECTOR ROTATION C P 2009-12-30 2010-11-29
1000-WABASH NATL CORP P 2010-05-24 2010-06-23
500-WELLS FARGO & CO NEW P 2009-12-15 2010-01-20
500-WESTERN GAS PARTNERS LP P 2010-05-13 2010-05-20
881-ACORN INTL SPON P 2010-02-19 2010-11-11
175-AT&T INC P 2009-01-29 2010-07-15
422-AT&T INC P 1994-04-07 2010-07-15
5-BAIDU INC ADS P 2010-02-19 2010-03-16
400-BOEING CO P 1998-02-25 2010-01-05
87-CHINA LIFE INSURANCE CO LTD P 2010-02-19 2010-11-11
1-CHINA NEPSTAR CHAIN DRUG-ADR P 2010-02-19 2010-05-24
144.638-COMCAST CORP P 1992-05-27 2010-07-28
218.362-COMCAST CORP P 1993-07-14 2010-07-28
500-CONS ENDISON INC P 1992-04-30 2010-07-15
500-CONS ENDISON INC P 1994-03-09 2010-07-15
190-DUPONT EI DE NEMOURS P 2009-01-29 2010-07-15
500-EXXON MOBIL CORP P 1998-02-25 2010-07-15
1445-FIRST INDUST REALTY TR P 2009-10-22 2010-01-05
0-FRONTIER COMMUNICATIONS CORP P 2009-01-29 2010-07-01
34-FRONTIER COMMUNICATIONS CORP P 2009-01-29 2010-07-28
152-JOHNSON & JOHNSON P 2010-01-05 2010-07-15
140-MCDONALDS CORP P 2009-11-19 2010-07-15
16-MCDONALDS CORP P 2010-01-05 2010-07-15
157-MERCK & CO P 2009-01-29 2010-07-15
121-MERCK & CO P 2010-05-19 2010-07-15
290-PFIZER INC P 2009-01-29 2010-07-15
230-SPDR GOLD TR P 2009-01-29 2010-02-24
250-SPDR GOLD TR P 2009-11-27 2010-02-24
484-UNITED STATES NATURAL GAS FUND P 2009-08-05 2010-02-04
145-VERIZON COMMUNICATIONS P 2009-01-29 2010-07-15
1389.693-VIRTUS ALPHASECTOR ROTATION A P 2009-10-07 2010-09-28
3.977-VIRTUS ALPHASECTOR ROTATION A P 2009-12-30 2010-09-28
4.14-VIRTUS ALPHASECTOR ROTATION A P 2010-06-29 2010-09-28
450-VORNADO REALTY TR P 2009-11-27 2010-07-15
ENTERPRISE ENERGY P    
INERGY P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,027   4,400 -1,373
b 11,169   10,875 294
c 9,298   8,800 498
d 9,704   9,600 104
e 12,470   11,475 995
7,224   6,900 324
5,119   5,250 -131
50,000   50,000 0
26,819   30,020 -3,201
5,364   6,004 -640
52,644   50,000 2,644
10,430   10,625 -195
11,290   10,375 915
12,163   11,735 428
12,163   11,735 428
6,926   6,450 476
13,765   15,575 -1,810
11,013   10,500 513
12,614   11,275 1,339
12,940   11,640 1,300
30,840   28,533 2,307
12,733   11,813 920
12,291   11,813 478
45,197   43,500 1,697
50,000   50,000 0
8,897   10,000 -1,103
81,164   78,059 3,105
8,027   7,000 1,027
7,508   8,025 -517
13,705   15,100 -1,395
6,853   7,875 -1,022
23,798   24,325 -527
9,541   11,200 -1,659
19,655   18,480 1,175
10,695   12,000 -1,305
13,561   13,028 533
13,443   13,613 -170
11,494   10,800 694
8,574   9,400 -826
10,663   6,800 3,863
11,521   12,000 -479
12,147   11,520 627
50,000   47,993 2,007
50,000   47,585 2,415
16,758   16,210 548
12,330   14,220 -1,890
3,083   3,555 -472
3,869   3,600 269
18,155   21,000 -2,845
2,794   3,400 -606
4,698   4,500 198
8,996   9,375 -379
102,995   103,547 -552
9,522   9,680 -158
9,522   9,680 -158
7,159   8,050 -891
23,085   23,100 -15
3,283   3,000 283
821   750 71
159,251   150,000 9,251
6,080   5,238 842
2,032   1,935 97
7,724   7,500 224
4,312   4,856 -544
7,015   8,000 -985
18,311   18,125 186
13,141   12,460 681
10,710   10,375 335
15,421   14,525 896
3,744   4,260 -516
23,525   25,000 -1,475
41   44 -3
106,889   100,000 6,889
10,992   10,520 472
11,124   10,600 524
15,447   14,000 1,447
9,627   9,330 297
8,402   10,244 -1,842
8,402   9,619 -1,217
12,709   11,512 1,197
13,333   11,512 1,821
13,336   15,215 -1,879
5,664   4,920 744
12,916   8,400 4,516
13,788   14,187 -399
20,682   19,431 1,251
50,000   50,000 0
11,176   12,585 -1,409
12,833   15,375 -2,542
6,786   6,600 186
2,257   3,200 -943
14,267   13,725 542
5,258   7,000 -1,742
3,155   4,200 -1,045
10,087   9,600 487
16,942   16,706 236
8,399   9,250 -851
10,688   10,150 538
17,346   18,970 -1,624
43,793   40,500 3,293
14,598   13,500 1,098
12,621   12,000 621
9,136   7,000 2,136
12,269   13,200 -931
1,882   2,150 -268
13,733   13,360 373
9,510   9,520 -10
100,000   92,775 7,225
100,000   92,840 7,160
11,769   13,000 -1,231
15,845   15,120 725
4,628   5,100 -472
30,040   25,000 5,040
26,255   25,000 1,255
11,552   12,375 -823
11,211   11,370 -159
18     18
11,751   9,920 1,831
5,875   4,960 915
11,646   12,150 -504
6,242   5,525 717
7,306   5,750 1,556
14,979   12,950 2,029
14,425   13,300 1,125
14,086   12,425 1,661
10,062   8,875 1,187
10,722   10,300 422
94,494   99,993 -5,499
1,143   1,058 85
898   884 14
9,468   14,257 -4,789
2,367   3,248 -881
3,787   4,437 -650
86,356   81,594 4,762
26,977   25,000 1,977
131,268   120,000 11,268
258   243 15
7,445   6,500 945
13,740   12,500 1,240
10,167   11,125 -958
4,489   5,815 -1,326
4,344   4,436 -92
10,475   9,453 1,022
2,869   2,485 384
23,198   20,815 2,383
6,021   5,772 249
4   7 -3
2,789   2,839 -50
4,210   6,374 -2,164
22,691   14,237 8,454
22,691   15,501 7,190
6,950   4,543 2,407
29,396   15,793 13,603
8,001   7,066 935
6     6
264   281 -17
9,143   9,726 -583
9,891   8,862 1,029
1,130   997 133
5,671   4,495 1,176
4,371   3,955 416
4,267   4,457 -190
24,734   19,920 4,814
26,902   29,352 -2,450
4,628   6,824 -2,196
3,869   4,166 -297
14,258   12,980 1,278
41   40 1
42   38 4
33,956   28,985 4,971
    12 -12
    8 -8
2,109     2,109
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -1,373
b       294
c       498
d       104
e       995
      324
      -131
      0
      -3,201
      -640
      2,644
      -195
      915
      428
      428
      476
      -1,810
      513
      1,339
      1,300
      2,307
      920
      478
      1,697
      0
      -1,103
      3,105
      1,027
      -517
      -1,395
      -1,022
      -527
      -1,659
      1,175
      -1,305
      533
      -170
      694
      -826
      3,863
      -479
      627
      2,007
      2,415
      548
      -1,890
      -472
      269
      -2,845
      -606
      198
      -379
      -552
      -158
      -158
      -891
      -15
      283
      71
      9,251
      842
      97
      224
      -544
      -985
      186
      681
      335
      896
      -516
      -1,475
      -3
      6,889
      472
      524
      1,447
      297
      -1,842
      -1,217
      1,197
      1,821
      -1,879
      744
      4,516
      -399
      1,251
      0
      -1,409
      -2,542
      186
      -943
      542
      -1,742
      -1,045
      487
      236
      -851
      538
      -1,624
      3,293
      1,098
      621
      2,136
      -931
      -268
      373
      -10
      7,225
      7,160
      -1,231
      725
      -472
      5,040
      1,255
      -823
      -159
      18
      1,831
      915
      -504
      717
      1,556
      2,029
      1,125
      1,661
      1,187
      422
      -5,499
      85
      14
      -4,789
      -881
      -650
      4,762
      1,977
      11,268
      15
      945
      1,240
      -958
      -1,326
      -92
      1,022
      384
      2,383
      249
      -3
      -50
      -2,164
      8,454
      7,190
      2,407
      13,603
      935
      6
      -17
      -583
      1,029
      133
      1,176
      416
      -190
      4,814
      -2,450
      -2,196
      -297
      1,278
      1
      4
      4,971
      -12
      -8
      2,109
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 109,493
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 pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 46,272
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 116,802 3,044,223 0.038368
2008 113,773 3,266,156 0.034834
2007 112,497 3,409,247 0.032998
2006 112,843 3,342,601 0.033759
2005 107,926 3,316,909 0.032538
2 Total of line 1, column (d) ...................... 2 0.172497
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 0.034499
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 3,027,149
5 Multiply line 4 by line 3....................... 5 104,434
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,573
7 Add lines 5 and 6......................... 7 106,007
8 Enter qualifying distributions from Part XII, line 4.............. 8 148,326
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,573
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (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 1,573
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 1,573
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,240
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,240
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 333
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
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 in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNY
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTAXPAYER Telephone no.bullet (718) 238-4326
    Located atbulletPO BOX 280104BROOKLYNNY ZIP+4bullet112280104
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, 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
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation 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” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    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)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    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 page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    RUTH SANTORO PRESIDENT
    10.00     		0 0 0
    871 70TH STREET
    BROOKLYN,NY11228
    HANS TERNSTEN VP
    10.00     		0 0 0
    22-11 AVENUE
    MONROE,NJ08831
    LILLIAN EIDHAMMER TREASURER
    10.00     		0 0 0
    315 CRYSTAL AVENUE
    STATEN ISLAND,NY10314
    SONIA NERJES REC SECRETARY
    10.00     		0 0 0
    368 80TH STREET
    BROOKLYN,NY11209
    TRACEY LESTER CORRESPONDING SECRETARY
    10.00     		0 0 0
    119 ALDEN STREET
    CRANFORD,NJ07016
    KJELL KITTILSEN FINANCIAL SECRETARY
    10.00     		0 0 0
    942 67TH STREET
    BROOKLYN,NY11219
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    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...................
    1a
    2,570,383
    b
    Average of monthly cash balances.......................
    1b
    502,865
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,073,248
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    3,073,248
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    46,099
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,027,149
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    151,357
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
     
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
     
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    148,326
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    148,326
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    1,573
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    146,753
    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 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$  
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    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’ undistributed
    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 page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
    2002-05-02
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
    102,149 138,513 163,308 154,248 558,218
    b 85% of line 2a ......... 86,827 117,736 138,812 131,111 474,485
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		148,326 118,041 115,716 114,002 496,085
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		148,326 118,041 115,716 114,002 496,085
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 3,261,794 3,250,217 3,441,532 3,399,996 13,353,539
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 3,261,794 3,250,217 3,441,532 3,399,996 13,353,539
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    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) ....     		9,843 1,100 430 1,170 12,543
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		9,843 1,100 430 1,170 12,543
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income 173,632 138,514 203,214 160,870 676,230
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    bList 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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    HANS TERNSTEN
    PO BOX 280104
    BROOKLYN,NY112280104
    (718) 238-4326
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING, APPLICATIONS SHOULD STRESS BOTH ACADEMIC AND FINANCIAL NEED.
    cAny submission deadlines:
    BY MARCH 16 OF THE PRECEDING SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICANTS MUST HAVE AT LEAST 25% ANCESTRY OR HAVE A SIGNIFICANT NORWEGIAN AFFILIATION.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SCHEDULE ATTACHED
    PO BOX 280104
    BROOKLYN,NY11228     		NONE   SCHOLARSHIPS FOR STUDENTS OF NORWEGIAN ANCESTRY 127,625
    Total .................................bullet 3a 127,625
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments         20
    4 Dividends and interest from securities....         64,119
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         109,493
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 173,632
    13Total. Add line 12, columns (b), (d), and (e)...................
    13173,632
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    4 RECIPIENTS OF SCHOLARSHIP GRANTS AND STUDENT FINANCIAL AID MUST
    4 MAINTAIN HIGH ACADEMIC LEVELS AND MUST PROVE FINANCIAL NEED. FUNDING
    4 IS MAINTAINED BY INVESTMENT INCOME.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    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 goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation 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?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
     
    Employer identification number

    11-1666853
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
          		Employer identification number

    11-1666853
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
    ESTATE OF HARRY PEDERSEN
     

         
    PO BOX 280104
       
    BROOKLYN, NY   11228

    		$7,463




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
    ESTATE OF SIGNY ZETTERSTROM
     

         
    523 SENATOR STREET
       
    BROOKLYN, NY   11220

    		$2,100




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
    MISCELLANEOUS
     

         
    PO BOX 280104
       
    BROOKLYN, NY   11228

    		$280




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
          		Employer identification number

    11-1666853
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
          		Employer identification number

    11-1666853
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,667 1,334 0 1,333

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    IMPROVEMENTS 1992-06-01 8,721 8,721 SL 10.000000000000 0 0 0  
    FURNITURE & FIXTURES 1992-06-01 12,521 12,521 SL 7.000000000000 0 0 0  
    FURNITURE & FIXTURES 1993-06-01 4,286 4,286 SL 5.000000000000 0 0 0  
    FURNITURE & FIXTURES 1993-06-01 1,031 1,031 SL 7.000000000000 0 0 0  
    COPY MACHINE 1998-06-01 5,395 5,395 SL 7.000000000000 0 0 0  
    COMPUTER 1998-06-01 3,236 3,236 SL 5.000000000000 0 0 0  
    CONDOMINIUM 2010-07-29 608,535   SL 39.000000000000 7,152 0 7,152  
    COPY MACHINE 2010-08-15 11,395   200DB 5.000000000000 2,279 0 950  
    COMPUTER 2010-08-15 1,925   200DB 5.000000000000 385 0 160  

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
      AT COST 2,515,027 2,744,372

    TY 2010 LandEtcSchedule2
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    IMPROVEMENTS 8,721 8,721   0
    FURNITURE & FIXTURES 12,521 12,521   0
    FURNITURE & FIXTURES 4,286 4,286   0
    FURNITURE & FIXTURES 1,031 1,031   0
    COPY MACHINE 5,395 5,395   0
    COMPUTER 3,236 3,236   0
    CONDOMINIUM 608,535 7,152 601,383 0
    COPY MACHINE 11,395 2,279 9,116 0
    COMPUTER 1,925 385 1,540 0


    TY 2010 LegalFeesSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 3,800 1,900 0 1,900


    TY 2010 OtherAssetsSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSIT ON CONDOMINIUM 59,756    


    TY 2010 OtherDecreasesSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Description Amount
    FEDERAL INCOME TAX 518
    ROUNDING 1


    TY 2010 OtherExpensesSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 5,742 2,871 0 2,871
    TELEPHONE 1,005 0 0 1,005
    ADVERTISING 541 0 0 541
    OFFICE 6,578 0 0 6,578
    HEAT LIGHT & POWER 445 445 0 0
    PORTFOLIO MANAGEMENT FEES 111 111 0 0
    POSTAGE 92 0 0 92
    CONDO FEES 2,414 1,207 0 1,207
    DUES & SUBSCRIPTIONS 50 0 0 50
    MOVING EXPENSE 1,700 850 0 850
    WEB SITE 49 0 0 49
    MEMORIALS 100 0 0 100


    TY 2010 TaxesSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSE 250 125 0 125
    FOREIGN TAXES 349 349 0 0