Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
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 or province, country, and ZIP or foreign postal code
BROOKLYN, NY112280104
A Employer identification number

11-1666853
B Telephone number (see instructions)

(718) 238-4326
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,391,592J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 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) 470
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 75,308 75,308 75,308
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 202,723
b Gross sales price for all assets on line 6a 4,763,187
7 Capital gain net income (from Part IV, line 2)... 202,723
8 Net short-term capital gain......... 142,897
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........ 278,501 278,031 218,205
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,158 1,579 0 1,579
c Other professional fees (attach schedule)....        
17 Interest............... 62 62 0 0
18 Taxes (attach schedule) (see instructions) Click to see attachment 680 555 0 125
19 Depreciation (attach schedule) and depletion... Click to see attachment 17,138 0 18,267
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30,370 18,272 0 12,098
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,408 20,468 18,267 13,802
25 Contributions, gifts, grants paid........ 182,171 182,171
26 Total expenses and disbursements. Add lines 24 and 25 233,579 20,468 18,267 195,973
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 44,922
b Net investment income (if negative, enter -0-) 257,563
c Adjusted net income (if negative, enter -0-)... 199,938
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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............... 38,629 36,528 36,528
2 Savings and temporary cash investments.......... 216,910 165,900 165,900
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 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)........... 2,203,632 Click to see attachment2,317,803 2,632,289
14 Land, buildings, and equipment: basis bullet657,045
Less: accumulated depreciation (attach schedule) bullet100,170 574,013 Click to see attachment556,875 556,875
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,033,184 3,077,106 3,391,592
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 3,033,184 3,077,106
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,033,184 3,077,106
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,033,184 3,077,106
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 3,033,184
2 Enter amount from Part I, line 27a..................... 2 44,922
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1
4 Add lines 1, 2, and 3.......................... 4 3,078,107
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,001
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 3,077,106
Form 990-PF (2013)
Form 990-PF (2013)
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 550-ACCESS MIDSTREAM PARTNERS L P P 2012-12-13 2013-03-21
b 1740-ADECOAGRO SA P 2013-01-30 2013-02-04
c 290-ALTISOURCE RESIDENTIAL CORP B P 2013-04-26 2013-05-24
d 800-AMERICAN CAPITAL AGENCY P 2013-02-28 2013-03-12
e 950-AMERICAN CAPITAL MORTGAGE P 2013-02-12 2013-05-28
1030-APOLLO GLBL MGMT LLC CL-A SHS P 2013-05-10 2013-06-05
2000-APOLLO INVESTMENT CORP P 2013-05-15 2013-06-04
1500-ARES CAPITAL CORP P 2013-04-03 2013-08-28
5010-ARMOUR RESIDENTIAL REIT INC P 2013-02-14 2013-03-14
190-ARTISAN PARTNERS ASSET MGMT P 2013-03-07 2013-03-07
1020-ASSOC ESTATES REALTY P 2013-05-29 2013-06-10
700-AVIV REIT INC P 2013-03-20 2013-03-21
200-AVIV REIT INC P 2013-03-20 2013-03-21
440-BIOMED REALTY TRUST INC P 2013-02-13 2013-02-19
630-BIOMED REALTY TRUST INC P 2013-03-27 2013-04-22
670-BOARDWALK PIPELINE PTNRS LP P 2013-05-30 2013-07-29
1340-BRUKER CORPORATION P 2013-02-26 2013-02-28
350-BUCKEYE PARTNERS L P P 2013-01-24 2013-03-05
450-CAMPUS CREST CMNTYS INC COM P 2013-03-01 2013-03-08
325-CDN IMPL BK COMMERCE P 2013-04-29 2013-05-16
3000-CFI ELKS LVS 7 1/2 8-30-13 P 2013-02-27 2013-08-30
900-CHESAPEAKE ENERGY CORP P 2013-03-19 2013-04-22
225-CHEVRON CORP P 2012-11-19 2013-02-06
400-CHIMERIX INC P 2013-04-10 2013-04-12
3000-CITI ELK AUTO LVS 9.400 9-04-14 P 2013-08-30 2013-12-06
2500-CLEARBRIDGE AMERN ENGY MLP FND P 2013-06-25 2013-11-25
700-COBALT INTL ENERGY P 2013-01-15 2013-01-29
310-COLONY FINANCIAL P 2013-01-11 2013-01-11
500-COTY INC COM CL A P 2013-06-13 2013-07-26
100-COTY INC COM CL A P 2013-06-13 2013-07-26
660-CVR PARTNERS LP P 2013-05-22 2013-06-12
370-CVR REFINING LP P 2013-01-17 2013-01-24
20-CVR REFINING LP P 2013-01-17 2013-01-24
80-DISCOVERY COMMUNICATIONS SER C P 2013-03-07 2013-03-07
500-DOLLAR GEN CORP NEW COM P 2013-03-28 2013-05-10
450-ENTERPRISE PROD PRTNRS L.P. P 2013-02-05 2013-03-05
200-EPIZYME INC P 2013-05-31 2013-05-31
410-EQUITY RESIDENTIAL P 2012-11-28 2013-01-18
770-FABRINET P 2013-03-14 2013-03-21
1850-FIFTH STREET FINANCE CORP COM P 2012-12-04 2013-02-08
900-GOLAR LNG PTNRS LP ULPI P 2013-01-31 2013-06-20
180-GOLAR LNG PTNRS LP ULPI P 2013-02-20 2013-06-20
1115-GOLUB CAPITAL BDC INC COM P 2013-05-07 2013-07-29
840-GOVERNMENT PPTYS INC TR P 2013-03-11 2013-04-29
210-GRIFOLS SA ADR P 2013-03-18 2013-03-21
675-GUGGENHEIM S&P 500 EQU WEIGHT P 2010-11-29 2013-03-27
1000-HCA HOLDINGS INC P 2012-12-10 2013-01-08
350-HEALTH CARE REIT INC P 2012-09-19 2013-02-26
100-HEALTH INS INNOVATIONS INC A P 2013-02-08 2013-02-19
300-HERSHEY COMPANY P 2012-11-19 2013-02-14
650-HOLLYFRONTIER CORP COM P 2013-07-30 2013-09-18
750-HOSPITALITY PPTYS TR COM SBI P 2013-03-19 2013-05-07
50-HOSPITALITY PPTYS TR COM SBI P 2013-03-19 2013-05-07
200-HUDSON PACIFIC PROPERTIES P 2013-02-07 2013-02-08
2777.778-ING GNMA INCOME C P 2012-03-20 2013-03-27
1250-ING U.S.INC P 2013-05-02 2013-05-10
845-INVESCO MORTGAGE CAPITAL INC P 2013-01-23 2013-04-29
1100-JAVELIN MORTGAGE INV CORP P 2013-05-08 2013-05-28
360-KAMADA LTD ORD P 2013-05-30 2013-05-31
594-KAYNE ANDERSON MLP INVT CO P 2013-03-07 2013-04-10
210-KENNEDY-WILSON HLDGS INC COM P 2013-03-14 2013-03-22
450-KINDER MORGAN ENERGY PTRS LP P 2013-01-30 2013-08-16
370-KNOT OFFSHORE PTNRS LP UNIT P 2013-04-10 2013-04-10
25-KNOT OFFSHORE PTNRS LP UNIT P 2013-04-10 2013-04-10
1790-KOSMOS ENERGY LTD P 2013-02-15 2013-02-19
335-LACLEDE GROUP INC NEW P 2013-05-22 2013-06-05
475-LACLEDE GROUP INC NEW P 2013-05-22 2013-06-05
525-LITHIA MOTORS INC A P 2013-03-14 2013-04-05
850-MARKET VECTORS GOLD MINERS P 2013-08-28 2013-10-31
90000-MERRILL LYNCH CO 6 1/2 7-15-18 P 2008-03-03 2013-07-11
100000-MERRILL LYNCH CO 6 7/8 11-15-18 P 2004-12-02 2013-07-11
12.432-MFS BOND FUND C P 2013-03-14 2013-10-30
1834.189-MFS BOND FUND C P 2012-03-20 2013-10-30
2133.713-MFS BOND FUND C P 2012-07-25 2013-10-30
450-MICHAEL KORS HOLDINGS LTD P 2012-09-25 2013-01-24
450-MICHAEL KORS HOLDINGS LTD P 2013-02-21 2013-02-26
5000-MS CIAUTO MET 7.300 6-05-14 P 2013-05-31 2013-09-06
100000-MS CTGNT NOTE SPX .000 10-27-14 P 2011-10-25 2013-03-27
910-NAVIOS MARITIME PARTNERS LP P 2013-02-01 2013-05-10
510-NEWCASTLE INVT CORP P 2013-01-08 2013-01-11
375-NIELSEN HOLDINGS NV P 2013-05-14 2013-08-16
300-NIELSEN HOLDINGS NV P 2013-05-14 2013-08-16
2500-NORDIC AMERICAN TANKERS LTD P 2013-04-02 2013-04-10
150-NORWEGIAN CRUISE LINE HLDS INC P 2013-01-18 2013-01-18
1500-PENNANTPARK FLTG RT CAP LTD P 2013-03-21 2013-06-20
250-PERFORMANT FINANCIAL CORP P 2013-01-31 2013-01-31
230-PINNACLE FOODS INC P 2013-03-28 2013-03-28
500-PORTOLA PHARMACEUTICALS INC P 2013-05-22 2013-05-29
320-POWERSHARES S&P SC ENERGY PO P 2012-05-16 2013-02-14
730-PROLOGIS INC COM P 2013-04-25 2013-07-26
800-QUESTCOR PHARM INC P 2013-05-21 2013-05-28
600-REALTY INCOME CORP P 2013-03-05 2013-05-16
390-SELECT INCOME REIT COM P 2012-12-05 2013-01-08
620-SENIOR HSG PPTY TR SBI P 2013-01-23 2013-02-04
760-SENSATA TECHNOLOGIES P 2013-02-13 2013-02-28
150-SENSATA TECHNOLOGIES P 2013-02-13 2013-02-28
750-SENSATA TECHNOLOGIES P 2013-05-22 2013-08-12
350-SHUTTERSTOCK INC COM P 2013-10-10 2013-11-07
1600-SOLAR CAPITAL LTD P 2013-01-08 2013-01-30
1100-SOLAR SENIOR CAPITAL LTD P 2013-01-15 2013-04-29
650-SPDR DJ WILSHIRE INTL REAL EST P 2013-04-29 2013-09-24
450-SPDR DJ WILSHIRE INTL REAL EST P 2013-05-21 2013-09-24
635-SPROTT PHYSICAL GOLD TRUST P 2011-07-15 2013-10-29
1600-SPROTT PHYSICAL GOLD TRUST P 2011-09-26 2013-10-29
3000-SPROTT PHYSICAL GOLD TRUST P 2012-01-31 2013-10-29
1000-SPROTT PHYSICAL GOLD TRUST P 2012-09-07 2013-10-29
1300-SPROTT PHYSICAL SILVER TR P 2012-07-12 2013-03-08
1000-SPROTT PHYSICAL SILVER TR P 2012-07-12 2013-03-08
2000-SPROTT PHYSICAL SILVER TR P 2012-11-09 2013-03-08
2300-SPROTT PHYSICAL SILVER TR P 2012-11-09 2013-03-08
2500-SPROTT PLATINUM/PALLADIUM ETF P 2012-12-18 2013-03-12
1500-SPROTT PLATINUM/PALLADIUM ETF P 2012-12-18 2013-03-12
630-SUNCOKE ENERGY PARTNERS LP P 2013-01-18 2013-01-29
3140-SUNSTONE HOTEL INVESTORS,INC P 2013-01-29 2013-02-28
130-TABLEAU SOFTWARE INC CL-A P 2013-05-17 2013-05-17
925-TARGA RES PTNRS LP REP UTS P 2012-11-15 2013-01-18
450-TAYLOR MORRISON HOME CORP CL A P 2013-04-10 2013-04-10
25-TAYLOR MORRISON HOME CORP CL A P 2013-04-10 2013-04-10
590-TC PIPELINES LP P 2013-05-16 2013-06-28
610-TESORO LOGISTICS LP P 2013-01-08 2013-01-11
570-THIRD PT REINS LTD COM P 2013-08-15 2013-08-28
320-TRI POINTE HOMES INC P 2013-01-31 2013-01-31
580-TRIUS THERAPEUTICS P 2013-01-18 2013-01-24
5000-UBS ELKS ON APC 8.520 6-04-13 P 2012-11-29 2013-06-04
6282-UNIT FT DV REL STRENGTH DIV 6 P 2012-09-25 2013-05-21
575-VANGUARD FTSE EMERGING MARKETS P 2013-02-06 2013-05-24
355-VANGUARD FTSE EMERGING MARKETS P 2013-04-22 2013-05-24
500-VANGUARD NATURAL RESOURCES LLC P 2013-05-30 2013-08-09
9.245-VANGUARD REIT ETF P 2012-06-29 2013-05-21
9.435-VANGUARD REIT ETF P 2012-09-28 2013-05-21
14.391-VANGUARD REIT ETF P 2012-12-31 2013-05-21
1.667-VANGUARD REIT ETF P 2013-03-28 2013-05-21
0.606-VANGUARD REIT ETF P 2013-03-28 2013-05-22
600-VANGUARD REIT ETF P 2010-07-15 2013-01-28
95-VANGUARD REIT ETF P 2010-07-15 2013-02-15
200-VANGUARD REIT ETF P 2010-07-28 2013-02-15
45-VANGUARD REIT ETF P 2010-07-28 2013-05-21
190-VANGUARD REIT ETF P 2010-09-29 2013-05-21
10.607-VANGUARD REIT ETF P 2011-09-29 2013-05-21
12.554-VANGUARD REIT ETF P 2011-12-30 2013-05-21
9.101-VANGUARD REIT ETF P 2012-03-30 2013-05-21
300-WEB COM GROUP INC COM P 2013-05-20 2013-05-24
440-WILLIAMS PARTNERS LTD P 2013-03-05 2013-03-12
725-WISDOMTREE TRUST EMRG MKT EQT P 2013-05-24 2013-11-13
2000-YAMANA GOLD INC P 2012-11-01 2013-01-30
1180-YANDEX N.V. A P 2013-03-12 2013-04-02
400-YUM BRANDS INC P 2013-07-26 2013-10-10
790-ZAIS FINANCIAL CORP P 2013-02-08 2013-05-15
1000-ZOETIS INC CLASS-A P 2013-01-31 2013-02-01
651-AMERICAN EXPRESS CO P 2012-08-07 2013-04-01
104-APPLE INC P 2013-10-01 2013-11-01
1852-BRINKER INTL INC P 2012-12-06 2013-03-11
284-BRINKER INTL INC P 2013-02-25 2013-03-11
2184-COOPER TIRE & RUBBER P 2013-01-08 2013-03-11
1504-DELEK US HOLDINGS, INC P 2013-04-01 2013-05-03
642-DELEK US HOLDINGS, INC P 2013-04-09 2013-05-03
331-DELPHI AUTOMOTIVE PLC P 2012-12-06 2013-03-19
464-DELPHI AUTOMOTIVE PLC P 2012-12-06 2013-06-06
345-DOLLAR TREE INC P 2013-05-06 2013-06-06
627-EASTMAN CHEMICAL COMPANY P 2013-03-07 2013-05-03
232-EASTMAN CHEMICAL COMPANY P 2013-03-15 2013-05-03
191-EASTMAN CHEMICAL COMPANY P 2013-03-26 2013-05-03
51-EASTMAN CHEMICAL COMPANY P 2013-04-22 2013-05-03
849-ELI LILLY & CO P 2012-12-06 2013-04-15
256-ELI LILLY & CO P 2013-03-15 2013-04-15
334-ELI LILLY & CO P 2013-04-09 2013-04-15
3465-EXPRESS INC P 2013-03-12 2013-04-01
161-EXXON MOBIL CORP P 2013-05-14 2013-06-06
794-EXXON MOBIL CORP P 2013-05-14 2013-08-01
15-EXXON MOBIL CORP P 2013-07-17 2013-08-01
233-FORD MOTOR CO NEW P 2013-03-12 2013-03-19
102-FORD MOTOR CO NEW P 2013-03-12 2013-06-06
5540-GIANT INTERACTIVE GROUP INC P 2013-05-09 2013-12-02
4348-GIANT INTERACTIVE GROUP INC P 2013-06-06 2013-12-02
263-GIANT INTERACTIVE GROUP INC P 2013-08-15 2013-12-02
387-GIANT INTERACTIVE GROUP INC P 2013-11-01 2013-12-02
1506-GILEAD SCIENCE P 2012-12-06 2013-03-07
1309-HOLLYFRONTIER CORP COM P 2013-01-08 2013-03-11
490-JOHN BEAN TECHNOLOGIES CORP P 2012-07-09 2013-03-19
305-KKR & CO LP P 2013-05-03 2013-06-06
1791-KKR & CO LP P 2013-05-03 2013-08-01
2087-KKR & CO LP P 2013-05-06 2013-08-01
240-KROGER CO P 2013-05-06 2013-06-06
0-LIBERTY GLOBAL PLC CL A NEW P 2013-06-10 2013-06-10
373-LIBERTY GLOBAL PLC CL A NEW P 2013-06-10 2013-06-18
0-LIBERTY GLOBAL PLC CL C NEW P 2013-06-10 2013-06-10
279-LIBERTY GLOBAL PLC CL C NEW P 2013-06-10 2013-06-18
911-LULULEMON ATHLETICA INC P 2012-11-16 2013-02-20
346-LYONDELLBASELL NV CL-A P 2012-10-10 2013-03-19
321-LYONDELLBASELL NV CL-A P 2012-10-10 2013-05-03
661-LYONDELLBASELL NV CL-A P 2012-11-16 2013-05-03
160-LYONDELLBASELL NV CL-A P 2013-03-26 2013-05-03
235-LYONDELLBASELL NV CL-A P 2013-04-09 2013-05-03
656-MARATHON PETROLEUM CORP P 2013-04-01 2013-05-03
356-MC DONALDS CORP P 2013-02-25 2013-03-07
580-PPG INDUSTRIES INC P 2013-08-01 2013-10-01
918-SEAGATE TECHNOLOGY PLC P 2013-07-12 2013-08-01
309-SEAGATE TECHNOLOGY PLC P 2013-07-17 2013-08-01
768-SHUTTERSTOCK INC COM P 2013-08-14 2013-11-01
320-SHUTTERSTOCK INC COM P 2013-08-27 2013-11-01
537-SUNOCO LOGISTICS PART P 2012-11-16 2013-03-11
725-SUNOCO LOGISTICS PART P 2012-01-24 2013-03-11
94-US AIRWAYS GROUP INC P 2013-03-12 2013-03-19
2068-US AIRWAYS GROUP INC P 2013-03-12 2013-04-01
1700-US AIRWAYS GROUP INC P 2013-03-15 2013-04-01
1448-VIRGIN MEDIA INC P 2013-06-10 2013-06-10
212-VIRGIN MEDIA INC P 2013-03-12 2013-06-06
419-WESTERN DIGITAL CORPORATION P 2013-04-01 2013-06-06
310-WESTERN DIGITAL CORPORATION P 2013-04-01 2013-11-01
814-WESTERN DIGITAL CORPORATION P 2013-04-09 2013-11-01
181-WESTERN DIGITAL CORPORATION P 2013-07-30 2013-11-01
57-WESTERN DIGITAL CORPORATION P 2013-08-27 2013-11-01
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 22,092   17,683 4,409
b 14,664   13,920 744
c 5,260   5,438 -178
d 26,303   25,304 999
e 20,560   24,368 -3,808
22,826   25,750 -2,924
15,833   17,200 -1,367
26,015   26,415 -400
31,806   34,268 -2,462
6,768   5,700 1,068
16,089   17,595 -1,506
15,604   14,000 1,604
4,458   4,000 458
9,240   9,020 220
14,057   13,482 575
20,957   20,180 777
23,260   22,713 547
19,731   18,389 1,342
5,853   5,513 340
24,606   25,858 -1,252
30,000   28,914 1,086
16,486   18,720 -2,234
25,593   23,922 1,671
6,977   5,600 1,377
30,000   30,000 0
44,218   48,500 -4,282
16,953   17,605 -652
6,317   6,355 -38
8,438   8,750 -312
1,688   1,750 -62
15,238   16,599 -1,361
9,365   9,250 115
506   500 6
5,287   5,180 107
26,154   25,375 779
25,644   24,552 1,092
4,093   3,000 1,093
23,590   22,448 1,142
10,596   10,780 -184
19,717   19,710 7
30,086   26,613 3,473
6,017   5,413 604
20,250   19,432 818
21,439   21,134 305
5,869   6,195 -326
39,290   30,548 8,742
31,705   33,100 -1,395
21,503   19,359 2,144
1,169   1,400 -231
23,782   22,191 1,591
26,616   30,140 -3,524
21,992   19,152 2,840
1,466   1,277 189
4,218   4,300 -82
24,694   24,935 -241
26,996   24,375 2,621
17,775   17,745 30
18,060   21,219 -3,159
3,497   3,330 167
20,673   19,706 967
3,168   3,282 -114
36,484   40,018 -3,534
8,104   7,770 334
548   525 23
19,163   19,690 -527
15,746   14,908 838
22,326   21,138 1,188
22,343   24,695 -2,352
21,048   25,734 -4,686
102,214   92,930 9,284
116,133   107,702 8,431
172   175 -3
25,345   25,000 345
29,484   30,000 -516
24,877   23,850 1,027
25,643   27,675 -2,032
50,000   50,000 0
107,481   100,000 7,481
13,314   12,363 951
4,873   4,769 104
11,966   13,129 -1,163
9,572   10,503 -931
24,371   24,000 371
3,651   2,850 801
22,205   21,000 1,205
2,908   2,663 245
5,098   4,600 498
8,073   7,250 823
11,715   10,303 1,412
28,701   30,368 -1,667
26,530   30,143 -3,613
31,974   27,456 4,518
9,594   9,360 234
15,047   14,756 291
24,536   25,422 -886
4,843   5,018 -175
28,208   27,075 1,133
22,665   25,622 -2,957
39,533   39,040 493
20,822   20,653 169
27,053   30,307 -3,254
18,729   20,616 -1,887
7,015   8,890 -1,875
17,676   22,632 -4,956
33,143   45,570 -12,427
11,048   14,840 -3,792
14,910   14,365 545
11,469   11,050 419
22,938   26,300 -3,362
26,379   30,245 -3,866
24,854   25,000 -146
14,912   15,000 -88
12,405   11,970 435
35,357   37,052 -1,695
6,143   4,030 2,113
36,008   33,300 2,708
10,381   9,900 481
577   550 27
28,233   25,872 2,361
25,674   25,437 237
7,422   7,125 297
6,226   5,440 786
2,719   2,755 -36
50,000   47,977 2,023
72,987   62,472 10,515
24,356   25,724 -1,368
15,037   15,335 -298
13,708   14,175 -467
711   598 113
726   611 115
1,107   939 168
128   118 10
47   43 4
40,682   28,027 12,655
6,402   4,438 1,964
13,477   10,139 3,338
3,462   2,274 1,188
14,619   9,863 4,756
816   550 266
966   721 245
700   572 128
6,224   6,525 -301
21,427   21,622 -195
36,233   40,300 -4,067
33,195   40,870 -7,675
27,683   26,845 838
25,773   29,882 -4,109
15,367   16,788 -1,421
30,452   26,000 4,452
43,749   37,684 6,065
54,005   50,647 3,358
65,161   56,245 8,916
9,992   9,117 875
56,650   57,125 -475
55,021   58,823 -3,802
23,486   24,445 -959
14,133   11,251 2,882
22,640   15,772 6,868
16,646   16,760 -114
42,593   44,856 -2,263
15,760   16,947 -1,187
12,975   13,226 -251
3,464   3,543 -79
48,655   41,956 6,699
14,671   13,987 684
19,141   18,956 185
60,563   65,983 -5,420
14,408   14,609 -201
73,392   72,048 1,344
1,387   1,406 -19
3,064   3,092 -28
1,564   1,354 210
61,741   45,074 16,667
48,456   31,262 17,194
2,931   2,100 831
4,313   3,437 876
67,513   56,150 11,363
71,057   56,917 14,140
10,027   6,665 3,362
5,635   6,335 -700
37,428   37,202 226
43,613   44,209 -596
7,925   7,925 0
64     64
26,835   26,835 0
12     12
18,742   18,742 0
63,409   61,715 1,694
21,853   17,441 4,412
19,540   16,181 3,359
40,236   30,526 9,710
9,739   10,179 -440
14,305   13,937 368
51,383   59,039 -7,656
34,518   34,271 247
96,425   94,483 1,942
38,200   42,639 -4,439
12,858   14,476 -1,618
53,489   42,771 10,718
22,287   16,487 5,800
36,330   26,259 10,071
49,050   26,618 22,432
1,551   1,429 122
34,328   31,427 2,901
28,219   27,761 458
25,340   25,340 0
10,403   9,967 436
26,455   21,151 5,304
21,283   15,649 5,634
55,884   41,701 14,183
12,426   11,809 617
3,913   3,564 349
2,378     2,378
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       4,409
b       744
c       -178
d       999
e       -3,808
      -2,924
      -1,367
      -400
      -2,462
      1,068
      -1,506
      1,604
      458
      220
      575
      777
      547
      1,342
      340
      -1,252
      1,086
      -2,234
      1,671
      1,377
      0
      -4,282
      -652
      -38
      -312
      -62
      -1,361
      115
      6
      107
      779
      1,092
      1,093
      1,142
      -184
      7
      3,473
      604
      818
      305
      -326
      8,742
      -1,395
      2,144
      -231
      1,591
      -3,524
      2,840
      189
      -82
      -241
      2,621
      30
      -3,159
      167
      967
      -114
      -3,534
      334
      23
      -527
      838
      1,188
      -2,352
      -4,686
      9,284
      8,431
      -3
      345
      -516
      1,027
      -2,032
      0
      7,481
      951
      104
      -1,163
      -931
      371
      801
      1,205
      245
      498
      823
      1,412
      -1,667
      -3,613
      4,518
      234
      291
      -886
      -175
      1,133
      -2,957
      493
      169
      -3,254
      -1,887
      -1,875
      -4,956
      -12,427
      -3,792
      545
      419
      -3,362
      -3,866
      -146
      -88
      435
      -1,695
      2,113
      2,708
      481
      27
      2,361
      237
      297
      786
      -36
      2,023
      10,515
      -1,368
      -298
      -467
      113
      115
      168
      10
      4
      12,655
      1,964
      3,338
      1,188
      4,756
      266
      245
      128
      -301
      -195
      -4,067
      -7,675
      838
      -4,109
      -1,421
      4,452
      6,065
      3,358
      8,916
      875
      -475
      -3,802
      -959
      2,882
      6,868
      -114
      -2,263
      -1,187
      -251
      -79
      6,699
      684
      185
      -5,420
      -201
      1,344
      -19
      -28
      210
      16,667
      17,194
      831
      876
      11,363
      14,140
      3,362
      -700
      226
      -596
      0
      64
      0
      12
      0
      1,694
      4,412
      3,359
      9,710
      -440
      368
      -7,656
      247
      1,942
      -4,439
      -1,618
      10,718
      5,800
      10,071
      22,432
      122
      2,901
      458
      0
      436
      5,304
      5,634
      14,183
      617
      349
      2,378
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 2 202,723
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 instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 142,897
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))
2012 213,367 2,760,536 0.077292
2011 172,394 2,764,110 0.062369
2010 146,753 3,027,149 0.048479
2009 116,802 3,044,223 0.038368
2008 113,773 3,266,156 0.034834
2 Total of line 1, column (d) ...................... 2 0.261342
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 0.052268
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,776,298
5 Multiply line 4 by line 3....................... 5 145,112
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,576
7 Add lines 5 and 6......................... 7 147,688
8 Enter qualifying distributions from Part XII, line 4.............. 8 195,973
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.
Form 990-PF (2013)
Form 990-PF (2013)
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 2,576
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 2,576
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 2,576
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a  
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 0
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 2,576
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 2014 estimated taxBullet   RefundedBullet 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 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 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    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 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See 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 (2013)
    Form 990-PF (2013)
    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 2013?.............
    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 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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 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 2013 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 2013.)....................
    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 2013?
    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 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 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 (2013)
    Form 990-PF (2013)
    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 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
    HANS TERNSTEN PRESIDENT
    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 SECRETARY
    10.00     		0 0 0
    368 80TH STREET
    BROOKLYN,NY11209
    BARBARA KRISTIANSEN CORRESPONDING SECRETARY
    10.00     		0 0 0
    871 70TH STREET
    BROOKLYN,NY11228
    KJELL KITTILSEN VICE PRESIDENT
    10.00     		0 0 0
    871 70TH STREET
    BROOKLYN,NY11228
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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 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 (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    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 2013 from Part VI, line 5......
    2a
     
    b
    Income tax for 2013. (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 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 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
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
     
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$  
    a Applied to 2012, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2013.    
    (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 instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
    138,815 62,686 56,349 102,149 359,999
    b 85% of line 2a ......... 117,993 53,283 47,897 86,827 305,999
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		195,973 214,368 173,353 148,326 732,020
    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 ....     		195,973 214,368 173,353 148,326 732,020
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 3,077,106 3,033,184 3,168,800 3,261,794 12,540,884
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 3,077,106 3,033,184 3,168,800 3,261,794 12,540,884
    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) ....     		470 190 2,295 9,843 12,798
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		470 190 2,295 9,843 12,798
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income 278,031 118,138 116,309 173,632 686,110
    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 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 or e-mail address of the person to whom applications should be addressed:
    HANS TERNSTEN
    PO BOX 280104
    BROOKLYN,NY11228
    (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 (2013)
    Form 990-PF (2013)
    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 ANCESTRYSCHOLARSHIPS FOR STUDENTS OF NORWEGIAN ANCESTRY 182,170
    FROM ACCESS K-1
    525 CENTRAL PARK DRIVE
    OKLAHOMA CITY,OK73105     		NONE   FROM ACCESS K-1 1
    Total .................................bullet 3a 182,171
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 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....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....         75,308
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        202,723
    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 0 278,031
    13Total. Add line 12, columns (b), (d), and (e)..................
    13278,031
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    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 (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 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 3,158 1,579 0 1,579

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

    TY 2013 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 38,358 SL 39.000000000000 15,603 0 15,603  
    COPY MACHINE 2010-08-15 11,395 8,113 200DB 5.000000000000 1,313 0 2,279  
    COMPUTER 2010-08-15 1,925 1,371 200DB 5.000000000000 222 0 385  

    TY 2013 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
    STOCKS AND BONDS AT COST 2,317,803 2,632,289

    TY 2013 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 53,961 554,574  
    COPY MACHINE 11,395 9,426 1,969  
    COMPUTER 1,925 1,593 332  


    TY 2013 OtherDecreasesSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Description Amount
    FEDERAL INCOME TAX 1,001


    TY 2013 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 4,304 2,152 0 2,152
    TELEPHONE 1,168 0 0 1,168
    ADVERTISING 350 0 0 350
    OFFICE 2,609 0 0 2,609
    HEAT LIGHT & POWER 1,593 0 0 1,593
    PORTFOLIO MANAGEMENT FEES 14,377 14,377 0 0
    POSTAGE 124 0 0 124
    CONDO FEES 3,486 1,743 0 1,743
    CHRISTMAS EXPENSE 1,823 0 0 1,823
    REPAIRS AND MAINTENANCE 536 0 0 536


    TY 2013 OtherIncreasesSchedule
    Name:
    THE NORWEGIAN CHILDRENS HOME ASSN OF NY INC
    EIN: 11-1666853
    Description Amount
    ROUNDING 1


    TY 2013 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 430 430 0 0