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 FRED M KEMP FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)16955 CHESTERFIELD AIRPORT ROAD   Room/suite
City or town, state, and ZIP code
CHESTERFIELD, MO63005
A Employer identification number

77-0590359
B Telephone number (see page 10 of the instructions)

(636) 537-1718
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$9,117,531J 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) 5,683
2 Check bullet
3 Interest on savings and temporary cash investments 2 2 2
4 Dividends and interest from securities......      
5a Gross rents.............. 161,608   161,608
b Net rental income or (loss) 161,608
6a Net gain or (loss) from sale of assets not on line 10 -4,000
b Gross sales price for all assets on line 6a 26,000
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
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)....... Click to see attachment 196,016 90,210 196,016
12 Total. Add lines 1 through 11........ 359,309 90,212 357,626
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,050 761 13,943 23,346
14 Other employee salaries and wages...... 135,729 438 50,589 84,702
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 11,766 0 4,400 7,366
b Accounting fees (attach schedule)....... Click to see attachment 3,389 0 1,267 2,122
c Other professional fees (attach schedule)....        
17 Interest............... 35,736 0 13,363 22,373
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 114,654 120 42,827 71,707
19 Depreciation (attach schedule) and depletion... Click to see attachment 142,636 0 142,636
20 Occupancy.............. 63,119 0 23,602 39,517
21 Travel, conferences, and meetings....... 7,144 0 2,671 4,473
22 Printing and publications.......... 643 0 240 403
23 Other expenses (attach schedule)....... Click to see attachment 166,676 2 62,088 104,586
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 719,542 1,321 357,626 360,595
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 719,542 1,321 357,626 360,595
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -360,233
b Net investment income (if negative, enter -0-) 88,891
c Adjusted net income (if negative, enter -0-)... 0
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............... 2,886 11,432 11,432
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   6,712    
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............... 1,108 4,844 4,844
9 Prepaid expenses and deferred charges........... 2,317 3,122 3,122
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 bullet632,189
Less: accumulated depreciation (attach schedule) bullet   632,189 Click to see attachment632,189 632,189
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 559,367 Click to see attachment341,292 341,292
14 Land, buildings, and equipment: basis bullet3,358,316
Less: accumulated depreciation (attach schedule) bullet646,752 2,851,995 Click to see attachment2,711,564 2,711,564
15 Other assets (describe bullet) Click to see attachment5,448,906 Click to see attachment5,413,088 Click to see attachment5,413,088
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,505,480 9,117,531 9,117,531
Liabilities 17 Accounts payable and accrued expenses.......... 43,735 23,455
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 570,562 Click to see attachment548,708
22 Other liabilities (describe bullet) Click to see attachment156,851 Click to see attachment152,868
23 Total liabilities (add lines 17 through 22).......... 771,148 725,031
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......... 4,548,249 4,548,249
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 4,186,083 3,844,251
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,734,332 8,392,500
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,505,480 9,117,531
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 8,734,332
2 Enter amount from Part I, line 27a...................... 2 -360,233
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 19,171
4 Add lines 1, 2, and 3.......................... 4 8,393,270
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 770
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 8,392,500
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 1952 MGTD MARK 2 (MERCEDES) D 2004-12-31 2010-09-21
b
c
d
e
(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 26,000   30,000 -4,000
b
c
d
e
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       -4,000
b
c
d
e
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 -4,000
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 0
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 762,426 67,028 11.374739
2008 888,722 111,272 7.986933
2007 529,703 14,756 35.897465
2006 590,035 29,513 19.992376
2005 523,013 23,606 22.155935
2 Total of line 1, column (d) ...................... 2 97.407448
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 19.481490
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 452,618
5 Multiply line 4 by line 3....................... 5 8,817,673
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 889
7 Add lines 5 and 6......................... 7 8,818,562
8 Enter qualifying distributions from Part XII, line 4.............. 8 360,595
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 1,778
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 1,778
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 1,778
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 911
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 911
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 22
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 889
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
    Yes
     
    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)bulletMO
    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
    Yes
     
    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) Click to see attachment.......
    11
    Yes
     
    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 addressbulletWWW.KEMPAUTOMUSEUM.ORG
    14
    The books are in care ofbulletFRED KEMP Telephone no.bullet (636) 537-1718
    Located atbullet16955 CHESTERFIELD AIRPORT ROADCHESTERFIELDMO ZIP+4bullet63005
    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
    FRED M KEMP III PRESIDENT/DIRECTOR
    2.00     		0 0 0
    16955 CHESTERFIELD AIRPORT ROAD
    CHESTERFIELD,MO63005
    RODGER VAN NESS VICE-PRESIDENT/DIRECTOR
    5.00     		38,050 0 0
    16955 CHESTERFIELD AIRPORT ROAD
    CHESTERFIELD,MO63005
    FRANK KEEFE SECRETARY/DIRECTOR
    1.00     		0 0 0
    16955 CHESTERFIELD AIRPORT ROAD
    CHESTERFIELD,MO63005
    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 EXPENSES REQUIRED TO MAINTAIN AND OPERATE A MUSEUM FOR ANTIQUE AUTOMOBILES 718,221
    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 Click to see attachment 0
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    17,462
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    442,049
    d
    Total (add lines 1a, b, and c).........................
    1d
    459,511
    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
    459,511
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    6,893
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    452,618
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    22,631
    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
    360,595
    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
    360,595
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    360,595
    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
    2002-11-25
    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
    0 0 0 738 738
    b 85% of line 2a ......... 0 0 0 627 627
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		360,595 762,426 888,722 530,538 2,542,281
    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 ....     		360,595 762,426 888,722 530,538 2,542,281
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 9,117,531 9,505,480 10,294,091 10,608,119 39,525,221
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 9,117,531 9,505,480 10,294,091 10,608,119 39,525,221
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    FRED M KEMP III
    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:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    Total .................................bullet 3a 0
    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     14 2  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         161,608
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     18 90,210  
    8Gain or (loss) from sales of assets other than inventory     18 -4,000  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aADMISSIONS         12,936
    bINCOME FROM INTERNAL EVENTS         92,870
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 86,212 267,414
    13Total. Add line 12, columns (b), (d), and (e)...................
    13353,626
    (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.)
    11A THROUGH ITS ADMISSIONS, THE MUSEUM EDUCATES THE PUBLIC OF THE ANTIQUE
    11A AUTOMOBILES.
    11B THE INTERNAL EVENTS ALLOW THE ORGANIZATION TO DISPLAY FOR EDUCATION
    11B PURPOSES TO THE PUBLIC.
    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)
    Yes
     
    (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
    Yes
     
    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
    1a(1) 6,033 KEMP MUSEUM SERVICES INC REIMBURSEMENT OF EXPENSES
    1c 23,434 KEMP MUSEUM SERVICES INC PAYROLL ALLOCATION FOR SHARED EMPLOYEES
    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

    TY 2010 AccountingFeesSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MPPC - TAX RETURN PREPARATION AND TAX CONSULTING 3,389 0 1,267 2,122

    TY 2010 AllOthProgRltdInvestmentsSch
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Category Amount
    NONE 0

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

    TY 2010 DepreciationSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    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
    BUILDING (20% OF TOTAL) 2005-01-01 597,539 75,969 SL 39.000000000000 15,318 0 15,318  
    2005 LEASEHOLD IMPROVEMENTS (80%) 2005-01-01 2,371,968 301,564 SL 39.000000000000 60,820 0 60,820  
    MAIN AV COMPUTER (1/31/05) 2005-02-14 1,611 1,518 200DB 5.000000000000 93 0 93  
    MEMORY UPGRADE FOR COMPUTER 2005-02-14 585 551 200DB 5.000000000000 34 0 34  
    COMPUTER, FAX AND OTHER HARDWARE (3/10/05) 2005-03-15 1,008 950 200DB 5.000000000000 58 0 58  
    MODEM 2005-04-22 67 63 200DB 5.000000000000 4 0 4  
    LINKSYS WIRELESS ROUTER - G ACCESS POINT 2005-05-03 75 70 200DB 5.000000000000 4 0 5  
    LINKSYS VPN ROUTER & SALES TAX 2005-05-03 133 125 200DB 5.000000000000 8 0 8  
    KINKSYS VPN ROUTER 2005-06-27 75 70 200DB 5.000000000000 4 0 5  
    ACT SOFTWARE 2005-11-14 670 670 SL 3.000000000000 0 0 0  
    ACT SOFTWARE VERSION 6 2005-12-30 660 660 SL 3.000000000000 0 0 0  
    FRAMING FOR OPENING 2005-04-01 794 617 200DB 7.000000000000 71 0 71  
    GALLERY ROPING AND CHROME STANDS 2005-05-13 7,839 6,090 200DB 7.000000000000 700 0 700  
    RECEPTION CHAIR 2005-04-15 108 84 200DB 7.000000000000 10 0 10  
    SAM'S CLUB - CHAIR? 2005-04-15 100 78 200DB 7.000000000000 9 0 9  
    ACRLIC DISPLAY STANDS 9" W/CUSTOM LOGO. 4@100 EA + 64 2005-03-01 464 360 200DB 7.000000000000 41 0 41  
    DISPLAY STANDS 2005-03-08 3,816 2,965 200DB 7.000000000000 341 0 341  
    FROSTED ETCHINGS FOR STANDS & INSTALLATION 2005-04-13 405 314 200DB 7.000000000000 36 0 36  
    ACRYLIC DISPLAY STANDS 9" WIDE 3@95 + 48 SHIPPING 2005-04-14 333 259 200DB 7.000000000000 30 0 30  
    8" X 1" FROSTED ETCH VINYL FOR BROCHURE STANDS 2005-04-19 59 46 200DB 7.000000000000 5 0 5  
    LADDERS 2005-03-03 288 224 200DB 7.000000000000 26 0 26  
    TORNADO UPRIGHT VACUUM CLEANER & OTHER SUPPLIES 2005-03-14 299 232 200DB 7.000000000000 27 0 27  
    MCMASTER-CARR SUPPLY CO - ?? 2005-03-16 68 53 200DB 7.000000000000 6 0 6  
    FREIGHT SKID 10 ROPE STANDS 2005-03-28 54 42 200DB 7.000000000000 5 0 5  
    MINNIMAG CARD READER KBD 2005-03-29 125 97 200DB 7.000000000000 11 0 11  
    2000 SCISSOR LIFT; SKYJACK 3219 2005-12-05 3,800 2,952 200DB 7.000000000000 339 0 339  
    POWER WASHER 2005-12-14 1,009 784 200DB 7.000000000000 90 0 90  
    CADDIES FOR ROUND & RECT. TABLES & CHAIRS 2005-12-29 1,607 1,248 200DB 7.000000000000 143 0 143  
    CASH DRAWER 2005-03-29 215 167 200DB 7.000000000000 19 0 19  
    METROLOGIC SCANNER W/TRIGGER USB 2005-03-29 322 250 200DB 7.000000000000 29 0 29  
    THERMAL STAR 600 RECEIPT PRINTER 2005-03-29 429 333 200DB 7.000000000000 38 0 38  
    6 DISPLAY STANDS 2006-06-01 55 38 200DB 7.000000000000 5 0 5  
    PODIUM 2006-06-01 818 562 200DB 7.000000000000 73 0 73  
    ABOVEGROUND LIFT: INSTALL OF AUTO LIFT, LESS ELECTRIC 2006-02-07 3,745 372 SL 39.000000000000 96 0 96  
    DATA ANALYSIS FOR SOUNDPROOFING THE BENZ GALLERY & ENTRY HALL 2006-03-23 2,320 226 SL 39.000000000000 60 0 60  
    SOUNDPROOFING WALL PANELS & BANNERS IN CEILING 2006-10-30 59,816 4,921 SL 39.000000000000 1,534 0 1,534  
    AVAYA TELEPHONE SYSTEM 2007-02-15 2,767 1,557 200DB 7.000000000000 346 0 346  
    INSTALLATION FO 2 ADDITIONAL VOICE CABLES 2007-02-27 448 252 200DB 7.000000000000 56 0 56  
    REMAINING BALANCE FOR TELEPHONES 2007-03-16 2,819 1,586 200DB 7.000000000000 352 0 352  
    ENGENIUS DURAFON 1X 2007-04-12 657 370 200DB 7.000000000000 82 0 82  
    EXTRA HEADSET 2007-04-13 295 166 200DB 7.000000000000 37 0 37  
    EXPANSION MODULE 2007-05-09 872 491 200DB 7.000000000000 109 0 109  
    NEW MUSEUM OFFICE COMPUTER - KEVIN LEE THOMPSON 2007-11-05 988 704 200DB 5.000000000000 114 0 114  
    WIDESCREEN MONITOR, WIRELESS ADAPTER, PRINTER - KEVIN'S DESK 2007-11-27 330 235 200DB 5.000000000000 38 0 38  
    TRASH CONTAINER 2007-12-07 64 36 200DB 7.000000000000 8 0 8  
    OFFICE FURNITURE/DESK, CHAIR, ETC 2007-10-25 315 177 200DB 7.000000000000 39 0 39  
    FOLDING BANQUET TABLES 2007-11-16 460 259 200DB 7.000000000000 57 0 57  
    TOY ENGINE FOR THE EDUCATION PROGRAMS 2007-11-27 73 52 200DB 5.000000000000 8 0 8  
    COMPANY MAGNETIC NAME TAGS 2007-12-19 130 92 200DB 5.000000000000 15 0 15  
    AV SOUND AND SYSTEM 2007-08-08 16,557 11,788 200DB 5.000000000000 1,907 0 1,907  
    CHANGE SCREEN ORDER/MOVIE PROJECTOR 2007-08-20 10,858 7,731 200DB 5.000000000000 1,251 0 1,251  
    SOUND SYSTEM 2007-09-14 750 534 200DB 5.000000000000 86 0 86  
    EQUIPMENT AND PRODUCTION FEE FOR ANTENNA AUDIO 2007-06-27 23,500 16,732 200DB 5.000000000000 2,707 0 2,707  
    AUDIO TOUR EQUIPMENT - MP3 PLAYERS 2007-10-03 501 357 200DB 5.000000000000 58 0 58  
    AUDIO TOUR EQUIPMENT/HEAD PHONES 2007-10-04 284 202 200DB 5.000000000000 33 0 33  
    AUDIO TOUR EQUIPMENT - CORD, ADAPTER, XLR TO TA4 2007-10-18 101 72 200DB 5.000000000000 12 0 12  
    GENERAL OFFICE SUPPLIES 2007-12-18 35 25 200DB 5.000000000000 4 0 4  
    WATER HEATER FOR DISHWASHER 2007-06-20 268 191 200DB 5.000000000000 31 0 31  
    GROUND LIGHTS 2007-10-08 1,313 74 SL 39.000000000000 34 0 34  
    PARKING LOT RESURFACE 2007-08-22 1,133 261 150DB 15.000000000000 87 0 87  
    UNDER DRAIN CONSTRUCTION & OVERLAY 2007-09-18 33,199 1,951 SL 39.000000000000 851 0 851  
    SEAL & STRIPE PARKING LOT 2007-09-19 5,550 1,279 150DB 15.000000000000 427 0 427  
    ELECTRICAL SIGN ON BUILDING 2007-05-11 1,166 656 200DB 7.000000000000 146 0 146  
    CHANNEL LETTERS ON NORTH SIDE OF BULDING "KEMP AUTO MUSEUM" 2007-06-13 7,785 4,380 200DB 7.000000000000 973 0 973  
    16" DIAMETER BASE - 96: UPRIGHT - (8) 14" CLOTHS & C-PRINT GRAPHICS 2007-06-13 1,311 738 200DB 7.000000000000 164 0 164  
    SIGNAGE - INSTALL ON EXISTING BRACKETS PER FRED 2007-10-03 2,355 1,325 200DB 7.000000000000 294 0 294  
    SOUNDPROOFING 1 - MTL C-1 ADD FOR BLACK FABRIC OVER BANNER 2007-01-31 19,018 1,443 SL 39.000000000000 488 0 488  
    TABLE MOVER 2006-06-01 30 21 200DB 7.000000000000 3 0 3  
    ICE MAKER & ICE SCOOP 2006-06-01 609 418 200DB 7.000000000000 54 0 54  
    PIANO STAND 2006-06-01 619 425 200DB 7.000000000000 55 0 55  
    SONY VIAO COMPUTER 2008-02-29 500 130 200DB 5.000000000000 48 0 48  
    SERVER 2008-02-29 1,250 325 200DB 5.000000000000 120 0 120  
    NEW WORKSTATION FOR RECEPTION DESK/INSTALLATION OF SOFTWARE & TRANSFER 2008-03-04 1,352 352 200DB 5.000000000000 130 0 130  
    DESKTOP COMPUTER 2008-04-24 1,174 305 200DB 5.000000000000 113 0 113  
    HP LAPTOP 2008-04-30 1,935 503 200DB 5.000000000000 186 0 186  
    BLACK FOLDING CHAIRS 2008-01-28 1,047 203 200DB 7.000000000000 92 0 92  
    DONOR WALL 2008-11-01 4,277 1,112 200DB 5.000000000000 411 0 411  
    CUBICLE WALLS 2008-04-24 1,665 323 200DB 7.000000000000 146 0 146  
    CREDENZA AND DESK IN EXPRESSO FINISH (LIBRARY OFFICE) 2008-11-21 2,200 427 200DB 7.000000000000 192 0 192  
    LAND 2008-05-31 632,189   L 0 % 0 0 0  
    KIDS REDO - AUDIO 2008-03-19 3,500 254 150DB 15.000000000000 150 0 150  
    PERMIT FOR OFFICE REMODEL 2008-05-27 1,000 73 150DB 15.000000000000 43 0 43  
    FRONT OFFICE/LIBRARY REMODEL 2008-08-06 22,088 1,601 150DB 15.000000000000 944 0 944  
    3 NEW VIDEO CAMERAS 2008-01-16 1,015 264 200DB 5.000000000000 97 0 97  
    SECURITY - WIRELESS RADIO 2008-03-06 1,318 342 200DB 5.000000000000 127 0 127  
    10 CHROME STANCHIONS 2008-07-01 822 159 200DB 7.000000000000 72 0 72  
    POPCORN MACHINE & CART 2008-09-12 253 66 200DB 5.000000000000 24 0 24  
    6 FRAMES MATTED WITH MERCEDES PRINTS 2009-04-17 828 74 200DB 7.000000000000 97 0 97  
    CANVAS PRINTS & POSTERS 2009-05-14 3,670 328 200DB 7.000000000000 431 0 431  
    CANVAS PRINTS 2009-06-10 4,200 375 200DB 7.000000000000 493 0 493  
    60 MB SCANS OF ARTWORK 2009-08-21 487 26 200DB 7.000000000000 62 0 62  
    DONOR WALL 2009-12-01 6,772 121 200DB 7.000000000000 933 0 933  
    6 LEATHER SWIVEL CHAIRS 2009-04-13 594 53 200DB 7.000000000000 70 0 70  
    8' BOAT SHAPED CONFERENCE TABLE 2009-04-13 1,499 133 200DB 7.000000000000 176 0 176  
    LABOR CHARGES TO INSTALL WALL GRAPHICS 2009-04-07 707 63 200DB 7.000000000000 83 0 83  
    ELECTRIC WORK - INSTALLING 2 OUTLETS 2009-04-07 541 11 SL 15.000000000000 18 0 18  
    RECEPTION WALL ART 160" X 93" LAMDA PRINT LAMINATED 2009-03-18 1,050 31 SL 15.000000000000 35 0 35  
    SECURITY SYSTEM 2009-12-18 2,946 12 SL 15.000000000000 98 0 98  
    ECP COMPUTER 4GB 1066MH CPU WINDOWS 7 2010-06-09 855   200DB 5.000000000000 513 0 513  
    SECURITY SYSTEM - ASSET TRANSFER UPON CAP LEASE FINAL PAYMENT 2010-03-31 86,977   SL 15.000000000000 44,938 0 44,938  
    LAPTOP FOR EXECUTIVE DIRECTOR OFFICE 2010-09-07 350   200DB 5.000000000000 210 0 210  
    BENEDEK TOTH IMAGE # 19 "BLACK W 196 TOP VIEW" 2010-01-15 1,000   200DB 7.000000000000 571 0 571  

    TY 2010 InvestmentsLandSchedule2
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 632,189 0 632,189 632,189

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN GOLD FMV 341,292 341,292

    TY 2010 LandEtcSchedule2
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 3,282,466 586,158 2,696,308 2,696,308
    FURNITURE AND EQUIPMENT 75,850 60,594 15,256 15,256


    TY 2010 LegalFeesSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 11,766 0 4,400 7,366


    TY 2010 MortgagesAndNotesPayableSch 
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Total Mortgage Amount: 548708


    TY 2010 OtherAssetsSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS & ESCROWS 250 465 465
    MUSEUM COLLECTION 5,406,466 5,376,466 5,376,466
    OTHER RECEIVABLES 42,190 36,157 36,157


    TY 2010 OtherDecreasesSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Description Amount
    NONDEDUCTIBLE PENALTIES 23
    PRIOR YEAR FEDERAL TAX 747


    TY 2010 OtherExpensesSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES 1,896 0 709 1,187
    INSURANCE 50,710 0 18,962 31,748
    MISCELLANEOUS 5,950 0 2,225 3,725
    REPAIRS AND MAINTENANCE 65,353 0 24,437 40,916
    ADVERTISING 11,237 0 4,202 7,035
    PROMOTIONAL EXPENSE 7,072 0 2,644 4,428
    COST OF GOODS SOLD 3,462 0 1,295 2,167
    MEMBERSHIP DUES 1,885 0 705 1,180
    BANK FEES 523 0 196 327
    APPRAISAL EXPENSE 45 2 16 27
    COMPUTER AND SOFTWARE EXPENSE 6,595 0 2,466 4,129
    LICENSES AND FEES 2,339 0 875 1,464
    GIFTS/FLOWERS 636 0 0 636
    POSTAGE & SHIPPING 4,455 0 1,666 2,789
    EQUIPMENT RENTAL 168 0 63 105
    CAR SHOW 4,350 0 1,627 2,723


    TY 2010 OtherIncomeSchedule2
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GAIN ON INVESTED FUNDS 90,210 90,210 90,210
    ADMISSIONS 12,936   12,936
    INCOME FROM INTERNAL EVENTS 92,870   92,870


    TY 2010 OtherIncreasesSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 19,171


    TY 2010 OtherLiabilitiesSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Description Beginning of Year - Book Value End of Year - Book Value
    CAPITALIZED LEASE OBLIGATION 3,983 0
    INVESTMENT IN SUBSIDIARY 152,868 152,868


    TY 2010 TaxesSchedule
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 16,099 120 5,975 10,004
    REAL ESTATE TAXES 68,260 0 25,524 42,736
    PERSONAL PROPERTY TAXES 30,295 0 11,328 18,967


    TY 2010 TransfersFrmControlledEntities
    Name:
    THE FRED M KEMP FOUNDATION
    EIN: 77-0590359
    Name US /
    Foreign Address    		 EIN Description Amount
    KEMP MUSEUM SERVICES INC 8269 BRENTWOOD INDUSTRIAL DR
    ST LOUIS,MO63144     		26-1100236 REIMBURSEMENT OF EXPENSES INCLUDING SHARED SALARIES 29,467
    Total     29,467