990-PF Return of Private Foundation or Section...

2003 . e organize ion may e a e o use a copy o is re urn o sa Is y s a e Department of the Treasury O E

Internal Revenue service reporting requirements

For calendar ear 2003, or tax ear be innin , 2003, and ending , G Check all that apply Initial return Final return I Amended return I Address change Name than Use the

olRSiabel . Serimus Foundation ~°, Otherwise, 19 Old Town Square #238 pant

or type Fort Collins, CO 80524 .-See Specific

Instructions

Employer identification number

83-0328155 Telephone number (see instructions)

(970) 224-3214 C If exemption application is pending, check here D 1 Foreign organizations, check here

22 Printing and publications 605 . 605 . IN X o P 23 Other expenses (attach schedule)

N See Statement 3 31,368 . 5,340 . 26,028 . 24 Total operating and administrative

expenses . Add lines 13 through 23 43, 631 . 10, 849 . 26, 911 . 25 Contributions, gifts, grants paid Part XV 207 930 . ~ ~ 207 930 . 26 Total expenses and disbursements .

Add lines 24 and 25 251,561 . 10,849 . 234, 841 . 27 Subtract line 26 from line 12 :

'a Excess of revenue over expenses ', _` ~ ~ c (,'i~ J_ F and disbursements 326,837 . ° r '"

b Net investment income (if negative, enter -0 ) ' ~='` 463, 97S . C Adjusted net income (if negative, enter -0 ) " '° ' ~ ~Y

BAA For Paperwork Reduction Act Notice, see the instructions . TEEA0503L 08/18/03 Form 990-PF (2003)

`J

n .

Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation N t 7-t, t b bl t f th t t t f t t '

OMB Na 1545-0052

zH Check type of organization u Section 501(c)(3) exempt private foundation 2 Foreign organizations meeting the 85% test, check Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation here and attach computation

air market value o all assets at end o year J Accounting method X Cash Accrual E If private foundation status was terminated ~+d (fromPart ll, column c, line 16) ~ ~ under section 507(b)(1 )(A), check here ca W 1:1 Other (specify) F If the foundation is in a 60-month termination

~ $ 4 , 610 , 664 . (Part l, column d must be on cash basis ) under section 507(b)(1)(B), check here artq _TAnalysis of Revenue and (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements

Expenses (The total of amounts in expenses per books income income for charitable columns b, c, and d may not neces- purposes sarily equal the amounts in column a ) (cash basis only) (see instructions)

Contributions, gifts, grants, etc, received (alt sch) 90,830 . -` '`~ "'~`~`~ Y

Ck ~ ~ d the found is not req to att Sch B

2 Distributions from split-interest trusts 3 Interest on savings and temporary

cash investments 152 . 152 . N/A 4 Dividends and interest from securities 9,578 . 9, 578 . ?z 5a Gross rents

(Net rental rx'~`' income or (loss) )

6d Net gain/(loss) from sale of assets riot on line 10 4']7 ; ; ; ?. S,-- "" ar 1 statement

b Gross saes prices for au 652 , 597 . ' assets on line 6a 7 Capital gain net income (from Part IV, line 2) 465 , 094 A, 8 Net short-term capital gain 9 Into moth "" ~`~~~ C-) U 10a Gross s les less 7~~W_~ i s

returns rid allowan es

b less f .r A 1 v goods se~~ ~i V "1 3 2004 ~ `

c Gross ofit~ss) (aft sch) .. - 11 Other incom d Eff

O .x,

12 Total. Add lines 1 through 11 578,398 . 474,824 . -,' `-1 3 Compensation of officers, directors, trustees, etc 14 Other employee salaries and wages

f-.3 A 15 Pension plans, employee benefits °o M 16a Legal fees (attach schedule) -1112- N' b Accounting fees (attach sch)

c Other prof fees (attach sch) See St 2 308 . 30 . 278 . E T 17 Interest 5 , 479 . 5 , 479 .

18 Taxes (attach schedule) 19 Depreciation (attach schedule) and depletion 5 , 871 . ~=*

N v 20 Occupancy G E 21 Travel, conferences, and meetings

Form 990-PF (2003) Serimus Foundation Attached schedules and amounts in the description

Palt. ~~l Balance Sheets column should be for end-of-yeas amounts only (See instructions )

1 Cash - non-interest-bearing 2 Savings and temporary cash investments 3 Accounts receivable

Less allowance for doubtful accounts 4 Pledges receivable ~- _ _ _ _ _ _--

Less allowance for doubtful accounts 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 sch) 10 -

Less allowance for doubtful accounts 0' - _ - - _ - - _ --s 8 Inventories for sale or use

9 Prepaid expenses and deferred charges t l0a Investments - U S and state government

obligations (attach schedule) b Investments - corporate stock (attach schedule) Statement 4 c Investments - corporate bonds (attach schedule)

11 Investments - land, buildings, and ; equipment basis ~----_ 37,883. .

Less accumulated depreciation (attach schedule) See Stmt 5 1 - 20,532 .

12 Investments - mortgage loans 13 Investments - other (attach schedule) 14 Land, buildings, and equipment basis 01

Less accumulated depreciation (attach schedule)

15 Other assets (describe 0' ) 16 Total assets (to be completed by all filers -

see instructions Also, see age 1, item I) 17 Accounts payable and accrued expenses 18 Grants payable a

b 19 Deferred revenue 20 Loans from officers, directors, trustees, & other disqualified persons I 21 Mortgages and other notes payable (attach schedule) 22 Other liabilities (describe I - )

e 23 Total liabilities (add lines 17 through 22)

Organizations that follow SFAS 117, check here and complete lines 24 through 26 and lines 30 and 31 .

N F 24 Unrestricted e u t n 25 Temporarily restricted

d 26 Permanently restricted Organizations that do not follow SFAS 117, check here ~ X

s a and complete lines 27 through 31 .

27 Capital stock, trust principal, or current funds t a s n 28 Paid-in or capital surplus, or land, building, and equipment fund

29 Retained earnings, accumulated income, endowment, or other funds o e r s 30 Total net assets or fund balances (see instructions)

31 Total liabilities and net assets/fund balances (see instructions)

P,,art;lll , Analysis of Changes in Net Assets or Fund Balances

83-0328155 End of year

(b) Book Value (c) Fair Market Value 57, 931 . 57, 931 .

1A o-P.

,: .

~,- . _

8,992,620 . 7,585,091 . 4,535 382 .

=. ` J '. s` W . . . , . ., ._ ...

23,222 . 17,351 . 17,351 .

9,036,150 . 7,660,373 . 4,610,664 . ` 307,637 . . .,, ,~-

-r;

307,637 . 0 .

3

8,420,000 . 8,420,000

.'308,513. -759,627 . ' ' 8,728,513 . 7,660,373 .

9, 036, 150 . 7,660,373 . ~ . . . - . ..e . .

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)

2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize) 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) ~ See Statement 6 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30

BAA TEEA0302L 08/15/03

8,728,513 . 326,837 .

9, 055, 350 . 1,394,977 . 7,660,373 .

Form 990-PF (2003)

Beginning of year (a) Book Value

20,308

Form 990-PF 2003 Serimus Foundation 'P.,art IVY'` 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 shares MLC Company)

1a Merrill Lynch Managed Account b AEIS - 30,000 Shares

- - ---- c d e

83-028155

(b) How acquired (C) Date acquired P - Purchase (month, day, year) D - Donation

P ~ Various D Various

Various Various

the foundation on 12/31/69 (k) Excess of column (i) over column (j), if any

in in column (h) and owned (j) Adjusted basis as of 12/31/69

(I) Gains (Column (h) gain minus column (k), but not less

than -0-) or Losses (from column (h))

-43,022 . 508,116 .

a b c d e

8 Enter qualifying distributions from Part XII, line 4 1 8 1 234,841 .

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1 % lax rate See the Part VI instructions

Bqq Form 990-PF (2003)

TEEA0303L 08/15/03

(e) Gross sales price

a 131,677 . b 508,176 . c d e

~m lete only for assets showin (i) Fair Market Value

as of 12/31/69

(f) Depreciation allowed (or allowable)

Date sold ,, day, yeas)

(g) Cost or other basis plus expense of sale

174,699 . 60 .

(h) Gain or (loss) (e) plus (f) minus (g)

-43,022 . 508,116 .

2 Capital gain net income or (net capital loss) If gain, also enter in Part I, line 7 -[If (loss), enter -0- in Part I, line 7 } 2 465,094 .

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 J 3 0 .

Pall 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 organization liable for the section 4942 tax on the distributable amount of any year in the base period? Yes X No If 'Yes,' the organization does not qualify under section 4940(e) Do not complete this part

1 Enter the appropriate amount in each column for each year, see instructions before making any entries

b c d Base period years Adjusted qualifying distributions Net value of Distribution ratio

Calendar year (or tax year noncharitable-use assets (column (b) divided by column (c)) beginning in)

2002 801,240 . 4,356,064 . 0 .183937 200 410 886 . 6 , 250 , 087 . 0 .065741 2000 300,383 . 7,843,019 . 0 .038299 1999 72,850 . 1998

2 Total of line 1, column (d) 2 0 .287977

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 I 0 .071994

4 Enter the net value of noncharitable-use assets for 2003 from Part X, line 5 1 4 1 3,099,861

5 Multiply line 4 by line 3 1 5 1 223,171 .

6 Enter 1 % of net investment income (1 % of Part I, line 27b) 1 6 1 4,640 .

7 Add lines 5 and 6 1 7 1 227,811 .

Form 990-PF (2003) Serimus Foundation 83-0328155 Partl/,l£ ,z., Excise Tax Based on Investment Income section 4940 (a) , 4940 (b), 4940 ( e ) , or alas - see instructions)

1 a Exempt operating foundations described in section 4940(d)(2), check here I- and enter 'N/A' on line 1 ~ .xa,~ ,a< < . : .~ Date of ruling letter _ _ _ _ --- .(attach copy of ruling letter if necessary - see instructions)

b Domestic organizations that meet the section-4940(e) requirements in Part V, - 1 -- ----4; 640 .- check here 01 Xand enter 1% of Part 1, line 271b

c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (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 4, 640 . 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 4, 640 . 6 Credits/Payments a 2003 estimated tax pmts and 2002 overpayment credited to 2003 6a b Exempt foreign organizations - tax withheld at source 6b c Tax paid with application for extension of time to file (Form 8868) 6c 11,000 . d Backup withholding erroneously withheld 6d ~ �

7 Total credits and payments Add lines 6a through 6d 7 11, 000 . 8 Enter any penalty for underpayment of estimated tax Check here X~ if Form 2220 is attached 8 124 . 9 Tax due If the total of lines 5 and 8 is more than line 7, enter amount owed 0 9 10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 11 10 6, 236 . 11 Enter the amount on line 10 to be Credited to 2004 estimated tax ~ 6,236 . 1 Refunded 11 11

Part'VIIA4 Statements Regarding Activities

1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did it Yes No participate or intervene in any political campaigns , 1 a X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition) 1 b X

If the answer is 'Yes' to la or lb, attach a detailed description of the activities and copies of any materials published or distributed by the organization in connection with the activities

c Did the organization file Form 1120-POL for this year d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year (1) On the organization P. $ 0 . (2) On organization managers B. $

e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on organization managers M.- $ 0 .

2 Has the organization engaged in any activities that have not previously been reported to the IRS If 'Yes,' attach a detailed description of the activates

l, c _ , . I x

.

0 . .,

2 x

3 4a 4b 5

X X

N /A X

3 Has the organization 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

4a Did the organization have unrelated business gross income of $1,000 or more during the year b If 'Yes,' has it filed a tax return on Form 990-T for this year

5 Was there a liquidation termination, dissolution, or substantial contraction during the year 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 0 By language in the governing instrument or

TEEA0304L 08/15/03

0 By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instruments 6 X

7 Did the organization have at least $5,000 in assets at any time during the years II 'Yes,' complete Part 11, column (c), and Part XV 7 X 8a Enter the states to which the foundation reports or with which it is registered (see instructions) -----

Colorado & W omin ---------~'---g-----------------------------------------b If the answer is 'Yes' to line 1, has the organization 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 X

9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2003 or !he taxable year beginning ire 2003 (see instructions for Part XIV)% If Yes,' complete Part X1Y 9 X

10 Did any persons become substantial contributors during the tax year? 10 X If 'Yes,' attach a schedule listing their names and addresses

11 Did the organization comply with the public inspection requirements for its annual returns and exemption applications 11 X Web site address " N/A

12 The books are in care of ~ Kirsten Bumf. ----_---------_---- Telephone no ~ (970) 224-3214 located at ' 19 Old Town -Sgware , #238 ZIP + 4 ~ 80524 ------------------------- --

13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here N/A P' and enter the amount of tax-exempt interest received or accrued during the year ~I 13 I N/A

BAA Form 990-PF (2003)

83-0328155 Form 990-PF (2003) Serimus Foundation uired

Yes Xa No

Yes X No Yes

l No Yes a No

Yes N No

JPartTVII,B'J Statements Regarding Activities for Which Form 4720 May Be Re( File Form 4720 if any item is checked in the 'Yes' column, unless an exception applies.

1 a During the year did the organization (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)

,4 b ~ X

f, t

Y , 5.b X..

o

~6b y ~ X

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) Organizations relying on a current notice regarding disaster assistance check here

c If the answer is 'Yes' to question 5a(4), does the organization claim exemption from the tax because it maintained expenditure responsibility for the grants ~ Yes ~ No If 'Yes,' attach the statement required by Regulations section 53 4945-5(d) See Statement 7

6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contracts 1:1 Yes X~ No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract If you answered 'Yes' to 6b, also file Form 8870

Form 990-PF (2003) BAA TEEA0305L 08/15/03

(6) Agree to pay money or property to a government officials (Exception . Check 'No' if the organization agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days ) 11 Yes N No

b If any answer is 'Yes' to l a(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 instructions) Organizations relying on a current notice regarding disaster assistance check here

c Did the organization engage in a prior year in any of the acts described in 1 a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2003

2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942Q)(3) or 49420(5))

a At the end of tax year 2003, did the organization have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2003 F]Yes X No If 'Yes,' list the years *' 20 , 20 , 20 , 19

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed incomes (If applying section 4942(a)(2) to all years listed, answer 'No' and attach statement - see instructions )

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here " 20 , 20 , 20 , 19

3a Did the organization hold more than a 2% direct or indirect interest in any business enterprise at any time during the years 11 Yes X~ No

b If 'Yes,' did it have excess business holdings in 2003 as a result of (1) any purchase by the organization 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 periods (Use Schedule C, Form 4720, to determine if the organization had excess business holdings in 2003 )

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes

b Did the organization 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 2003

5a During the year did the organization pay or incur any amount to (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ~ Yes X~ No

(2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly, any voter registration drives Yes X No

(3) Provide a grant to an individual for travel, study, or other similar purposes 8 Yes XB No

(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)? X Yes F1 No

(5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals ~ Yes X No

Yes No

Y x_~a

V

1b N A

1c X~ . a

3

F 2b ~ iI A

3b N A . . . .

4a X

2 Compensation of five highest-paid em to ees other than those included on line 1- see instructions ) . If none, enter 'NONE.' (a) Name and address of each employee (b) Title and average (c) Compensation (d) Contributions to (e) Expense account,

paid more than $50,000 hours per week employee benefit other allowances devoted to position plans and deferred

compensation None

. If none, enter'NONE .' Tvpe of service (c) Compensation

Total number of others receiving over $50,000 for professional services

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 Expenses organizations and other ben eficiaries se rve d, confer ences convened, re searc h pap ers produced, etc

1 N/A

------------------------------------------------------

2

------------------------------------------------------

3

------------------------------------------------------

4

------------------------------------------------------

TEEA0306L 08/15/03 BAA

Form 990-PF (2003) Serimus Foundation 83-0328155 gPart VIII; Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,

and Contractors 1 List all officers, directors, trustees, foundation managers and their com ensation see instructions

__ (b) Title and-average (c) Compensation (d) Contributions to (e) Expense account, (a) Name and address hours per week (If not paid, enter -0-) employee benefit other allowances

devoted to position plans and deferred compensation

- - - - - - - - - - - - - - - - - - - - - - - - See Statement 8 ~~ 0 .1 0 .1 0 .

- - - - - - - - - - - - - - - - - - - - - - - -

Total number of other employees paid over $50,00 3 Five highest-paid independent contractors for professional services -

(a) Name and address of each person paid more than $50,000 None

Form 990-PF (2003) Serimus Foundation 83-0328155

Part71X=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 1 N/A - ----- --------------------- ------------------------

Amount

2

All other program-related investments See instructions 3

Total . Add lines 1 through 3 0 .

FPel't'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 b Average of monthly cash balances c Fair market value of all other assets (see instructions) d Total (add lines 1 a, b and c) e Reduction claimed for blockage or other factors reported on lines 1 a and 1 c (attach detailed explanation) I 1 e

2 Acquisition indebtedness applicable to line 1 assets

1a 2,954,572 . 1b 192,495 . 1c 1d 3,147,067 .

0 . 2 0 .

3 Subtract line 2 from line ld 3 3,147, 067 . 4 Cash deemed held for charitable activities Enter 1-1/2% of line 3 (for greater amount, see instructions) 4 47,206 . 5 Net value of noncharitable-use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 3,099, 861 . 6 Minimum investment return . Enter 5% of line 5 6 154, 993 . aYt XI .' ? 1 Amount (see instructions) (Section 4942(j)(3) and 0)(5) private operating foundations and certain

foreign organizations check here " and do not complete this part ) 1 Minimum investment return from Part X, line 6 1 154,993 .

TEEA0307L 08/15/02

2a Tax on investment income for 2003 from Part VI, line 5 2a 4,640 . b Income tax for 2003 (this does not include the tax from Part VI ) 2b c Add lines 2a and 2h 2c 4,640 .

3 Distributable amount before adjustments Subtract line 2c from line 1 3 150,353 . 4a Recoveries of amounts treated as qualifying distributions 4a b Income distributions from section 4947(a)(2) trusts 4b c Add lines 4a and 4h 4c

5 Add lines 3 and 4c 5 150,353 . 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 I 7 ~ 150,353 .

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 1 a 234, 841 . b Program-related investments - Total from Part IX-B 1 b

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 i a Suitability test (prior IRS approval required) 3a b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 234,841 .

5 Organizations 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 4, 640 .

6 Adjusted qualifying distributions. Subtract line 5 from line 4 ~~ 230,201 .

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

BAA Form 990-PF (2003)

distributed in 2004 0 . 7 Amounts treated as distributions out of -

corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(8)(3) ~~~ (see instructions) 0 .

8 Excess distributions carryover from 1998 not applied on line 5 or line 7 (see instructions) 0 . ;1

9 Excess distributions carryover to 2004. Subtract lines 7 and 8 from line 6a 692,240

10 Analysis of line 9 ' � `~- m a Excess from 1999 , b Excess from 2000 ~ ~. r . c Excess from 2001 24 , 3 15 ~ ~"= ~z ' M - r

N . . 3 . . e .p "AS

.- -'- z - , y d Excess from 2002 583,437 . e Excess from 2003 84,488 . ' ~i .f~ ; _ e ; ~ ~r^ ~ Y

Form 990-PF (2003) BAA

TEEA0308L 08/15/03


Part,Xlll Undistributed Income see instructions)

(b) ~c) - - - - Corpus _ _ _ Years_pnor_to_2002 _ _ 2 02 - - - 2003 --

1 Distributable amount for 2003 from Part XI, line 7 ' ` 150, 353 .

71 2 Undistributed income, if any, as of the end of 2002 ' ' - `T''ra Enter amount for 2002 only 0 b Total for prior years 20 , 20 119 ."q

3 Excess distributions carryover, if any, to 2003 a From 1998 b From 1999 c From 2000 rid From 2001 24,315 .

e From 2002 583,437 . f Total of lines 3a through e ^ 7 ;?

4 Qualifying distributions for 2003 from Part 01 $ ;. X11line 4 2 3 4 ,8 4 1 . e I

a Applied to 2002, but not more than line 2a -'

b Applied to undistributed income of prior years ~°` . (Election required - see instructions) ., `~,-,~ �~ � a� , 0 . ;,

c Treated as distributions out of corpus (Election required - see instructions) 0 . ,£

d Applied to 2003 distnbutable amount 150, 3 53 . e Remaining amount distributed out of corpus 84,'488 . x ..

5 Excess distributions carryover applied to 2003 0 . 0 . (If an amount appears in column (d), the same amount must be shown m column (a) ) , ~ ,sr~_ ~t

6 Enter the net total of each column as : :~=a r~: indicated below :

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 692,240 .

b Prior years' undistributed income Subtract line 4b from line 2b " - 0 .

c Enter the amount of prior years' undistributed income for which a notice of deficiency x~ ,t '- y has been issued, or on which the section j 4942(a) tax has been previously assessed 0 .

d Subtract line 6c from line 6b Taxable t, . , . ., amount - see instructions -- >~ 0 .

,a, ti :r. e Undistributed income for 2002 Subtract line 4a from '-'

line 2a Taxable amount - see instructions 0 . r` "

i Undistributed income for 2003 Subtract lines 4d and 5 from line 1 This amount must be

A

2(1)(5)- - - --

Total

(2) Support from general public and 5 or mare exempt organizations as provided in section 4942(j)(3)(B)(iii)

(3) Largest amount of support from an exempt organization

(4 Gross investment income 1't XV Su pplementa ry Information (Complete this part only if the organization had $5,000 or more in assets at any time during the

Information Regarding Foundation Managers :

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors

BA,A TEEA0309L 08/15/03 Form 990-PF (203)

Form 990-PF (2003) Serimus Foundation 83-0328155 Part XIV; Private Operating Foundations (see instructions and Part VII-A, question 9)

1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2003, enter the date of the ruling

b Check box to indicate whether the organization is a private operating foundation described in section 49420(3) or 2a Enter the lesser of the adjusted net Tax ear Prior 3 ears

income from Part I or the minimum a 2003 b 2002 c 2001 (d 2000 investment return from Part X for each year listed

b 85% of line 2a c Qualifying distributions from Part XII,

line 4 for each year listed d Amounts included in line 2c not used directly

for active conduct of exempt activities e Qualifying distributions made directly

for active conduct of exempt activities Subtract line 2d from line 2c

3 Complete 3a, b, or c for the alternative test relied upon

a 'Assets' alternative test - enter (1) Value of all assets (2) Value of assets qualifying under

section 49420)(3)(B)(i) b 'Endowment alternative test - Enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed

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)

a List 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) ) See Statement 9

b List 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 None

2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc, Programs : Check here ' N if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the organization makes gifts, grants, etc, (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d

a The name, address, and telephone number of the person to whom applications should be addressed

b The form in which applications should be submitted and information and materials they should include

c Any submission deadlines

Total 11- 3bl

gqq TEEA0310L 12/10/03 Form 990-PF (2003)

Form 990-PF (2003) Serimus Foundation 83-0328155 Part XV. . Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment

If recipient is an individual, Foundation Recipient show any relationship to Purpose of grant or -- any foundation manager or status of contribution Amount

Name and address (home or business) substantial contributor recipient

a Paid during the year Ashoka 501c3 Support of European 77,760 . 1700 N . Moore St ., #2000 Social Entrepreneurs Arlington, VA 22209

Food Bank 501c3 Food Distribution 500 . 1301 Blue Spruce Program Fort Collins, CO 80522

Serimus Operating Foundation 501c3 Provide music, art 101,000 . 19 Old Town Square, Suite 238 and books to Fort Collins, CO 80524 children

Various Organizations 501c3 Various qualified 2,620 . purposes

Comm Found . of Jackson Hole 501c3 Community youth 26,050 . 180 Center Street #9 activities Jackson, WY 83001

Total ~ 3a 207, 930 . b Approved for future payment

Form 99o-PF (2003) Serimus Foundation 83-0328155

Part XVI-A . Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelated business income Excluded by section 512, 513, or 514 (a) (b) (c) (d) (e)

Business Amount Exclu Amount Related or exempt code sion - function income

1 Program service revenue code (see instructions) a b c d e f g Fees and contracts from government agencies

2 Membership dues and assessments 3 Interest on savings and temporary cash investments 14 152 . 4 Dividends and interest from securities 14 9,578 .

t y'a t~y..,a~ I 5 Net rental income or (loss) from real estate ~ { a Debt-financed property b Not 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 477,838 . 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) 9,730 . 1 477,838 . 13 Total . Add line 12, columns (b), (d), and (e) 13 487,568 . (See worksheet in the instructions for line 13 to verify calculations )

Part)X_V1-BT1 Relationship of Activities to the Accomplishment of Exempt Purposes

BAA TEEA0501L 08/15103 Form 990-PF (203)


Pait~TXVIk~,' Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Yes No 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 organizations

a Transfers from the reporting organization to a noncharitable exempt organization of (1) Cash 1 a 1 ~ X (2) Other assets 1 a 2) X

b Other transactions (1) Sales of assets to a noncharitable exempt organization 1`1b (1) ' X (2) Purchases of assets from a noncharitable exempt organization 1 b 2 X (3) Rental of facilities, equipment, or other assets 1 b (3 X (4) Reimbursement arrangements 1 b (4 X (5) Loans or loan guarantees 1 b 5 X (6) Performance of services or membership or fundraising solicitations 1 b (6) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees ~1 c I I X

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 organization If the organization 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 N/A

and belief it is true . correct and

S IN- ~AJlliyl ( / V ~r ~Y ~~.P G Signature of officer or trustee N

Prepares s , / E Paid signature R Pre- E parer'S Firms name (or DU~TT~, Hen'fitZ2 & Diehl, LLP

USE yours if self e only add°Sa)and

405 Canyon Ave . CO 80521 Zip

code Fort Collins,

BAA

2a Is the organization 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,' comp lete the following schedule (a) Name of organization ~ (b) Type of organization ~ (c) DescriF

N/A

Under penalties of penury, I declare that I have examined this return, including acc complete Declaration of preparer (other than taxpayer or fiduciary) is based on all

Yes XNo

ion of relationshi

Schedule B (Form 990, 990-EZ, Schedule of Contributors or 990-PF)

Department or the Treasury Supplementary information for Internal Revenue selvice line 1 of Form 990, 990-EZ and 990-PF (see instru

OMB No 1545-0047

2003 Name of organization

Serimus Foundation Employer identification number

83-0328155

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule 8 (Form 990, 990-EZ, or 990-PF) but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 1 of their Form 990-PF, to certify that they do not meet the fling requirements of Schedule 8 (Form 990, 990-EZ, or 990-PF)

Schedule B (Form 990, 990-EZ, or 990-PF) (2003)

TEEA0701L 12/10/03

Organization type (check one) Filers of : Section : Form 990 or 990-EZ 501(c)( ) (enter number) organization

~4947(a)(1) nonexempt charitable trust not treated as a private foundation

LJ 527 political organization

Form 990-PF X 501(c)(3) exempt private foundation 4947(a)(1) nonexempt charitable trust treated as a private foundation

u 501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule (Note : Only a section 501(c)(7), (8), or (10) organization can check boxes) for both the General Rule and a Special Rule - see instructions )

General Rule - For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one contributor (Complete Parts I and II )

Special Rules -

For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33-1/3% support test of the regulations under sections 509(a)(1)/170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the amount on line 1 of these forms (Complete Parts I and II )

For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year, aggregate contributions or bequests of more than $1 ,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals (Complete Parts I, II, and III )

For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year, some contributions for use exclusively for religious, charitable, etc, purposes, but these contributions did not aggregate to more than $1 ,000 (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc, purpose Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc, contributions of $5,000 or more during the year ) 0. $

BAA For Paperwork Reduction Act Notice, see the instructions for Form 990 and Form 990-EZ .

Schedule B (Form 990, 990-EZ, 990-PF) (2003) Page 1 to 1 of Part I Name of organization Employer identification number

Serimus Foundation I83-0328155

P~al I; ;, Contributors (See Specific Instructions )

- - - (a) (b) (c) (d) Number Name, address, and ZIP + 4 Aggregate Type of contribution

contributions

1 Douq and Jill Schatz _------_----_____---_- Person X Payroll

927 Crescent H Rd, PO-Box 1490--_-___---_----$---__ 90,830 . Noncash

(Complete Part II if there Wilson, WY 83014 -_-----_---- is a noncash contribution )

(b) (c) Number Name, address, and ZIP + 4 Aggregate Type of contribution

contributions

Person Payroll

$ Noncash

(Complete Part II if there is a noncash contribution )

(a) (b) (c) (d) Number Name, address, and ZIP + 4 Aggregate Type of contribution

contributions

Person Payroll

$ Noncash



contributions

Person Payroll

$ Noncash



contributions

Person Payroll

$ Noncash



contributions

Person Payroll

$ Noncash


gqq TEEA0702L 08/13/03 Schedule B (Form 990, 990-EZ, 990-PF) (2003)

TEEA0703L 08/13/03

Schedule B (Form 990, 990-EZ, or 990-PF) (2003) Page 1 to 1 of Pan II Name of organization Employer identification number

Serimus Foundation 1 83-0328155

Partxll7 NOnCash Property (See Specific Instructions ) (a)

No . from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

N/A ------------------------------------------------------------------------------------

(a) (b) I (C) (d) No . from Description of noncash property given FMV (or estimate) Date received part I (see instructions)

----- ------------------------------------ ------------------------------------------ ------------------------------------------

(b) I W No. from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

----- ------------------------------------ ------------------------------------------ ------------------------------------------

(b) I (C) No . from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

----- ------------------------------------ ------------------------------------------ ------------------------------------------

(b) I W No. from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

----- ------------------------------------ ------------------------------------------ ------------------------------------------

(b) (C) No . from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

r-------------------------------------------

BAA Schedule B (Form 990, 990-EZ, or 990-PF) (2003)

to 1 of Part III Employer identification number

83-0328155

Schedule B (Form 990, 990-EZ, or Name of organization

Serimus Foundation Exclusively religious, charitable, etc, individual contributions to section 501(c)(7),(8), or (10) organizations aggregating more than $1,000 for the year (Complete cogs (a) through (e) and the following line entry

For organizations completing Part III, enter total of exclusively religious, charitable, etc, contributions of $1,000 or less for the year (Enter this information once - see instructions ) ~ $ N/A

(b) (c) (d) Purpose of gift Use of gift Description of how gift is held No . from

Part I

-------------------- rt-

-------------------~--------------------

I---------------------

--------------- -------------- ---------------------

(e) Transfer of gift

Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Schedule B (Form 990, 990-EZ, or 990-PF) (2003) BAA TEEA0704L 08/13/03

--------------------------------------------------------------------------------------------------------------------------------


Transferee's name, address, and ZIP + 4 Relationship o f t ransf eror to transferee

---------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------

(a) (b) (c) (d) No . from Purpose of gift Use of gift Description of how gift is held Pan I

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



---------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------

- (b) I (c) No . from Purpose of gift Use of gift Description of how gift is held Part l

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



----- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(a) (b) (c) (d) No, from Purpose of gift Use of gift Description of how gift is held Part I

A/1I1o OMB No 7545 0142

Form LLL Underpayment of Estimated Tax by Corporations See separate instructions .

Department of the Treasury

'

Internal Revenue Service ~ Attach to the corporation's tax return . Name _ Employer identification number

-- Serimus Foundation 1 83-0328155 Note : In most cases, the corporation does not need to file Form 2220 (See Part 1 below for exceptions ) The IRS will figure any penalty

owed and bill the corporation If the corporation does not need to file Form 2220, It may still use it to figure the penalty Enter the amount from line 36 on the estimated tax penalty line of the corporation's income tax return, but do not attach Form 2220

.~Part,l�: Reasons f01' Filing - Check the boxes below that apply If any boxes are checked, the corporation must file Form 2220, even if it does not owe the pe na lty If the box on line 1 or line 2 applies, the corporation may be able to lower or eliminate the penalty

1 ~ The corporation is using the adjusted seasonal installment method

2 The corporation is using the annualized income installment method

3 The corporation is a 'lar ge corporation' fi guring its first re quired installment based on the p rior ear'<. PaitllFigurin g the Underpayment 4 Total tax (see instructions)

5a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 4 5 a

b Look-back interest included on line 4 under section 460(b)(2) for completed long-term contracts or section 167(g) for depreciation under the income forecast method 5b

c Credit for Federal tax paid on fuels (see instructions) ~ 5 cl d Total . Add lines 5a through 5c

6 Subtract line 5d from line 4 If the result is less than $500, do not complete or file this form The corporation does not owe the penalty

7 Enter the tax shown on the corporation's 2002 income lax return (see instructions) Caution : /f the taxis zero or the tax year was for less than 12 months, skip this line and enter the amount from line 6 on line 8

8 Enter the smaller of line 6 or line 7 If the corporation is required to skip line 7, enter the amount from line 6

tax

4,640 . 4

5d

6 4,640 .

7

8 4,640 .

9 Installment due dates . Enter in columns (a) through (d) the 15th day of the 4th (Form 990 - PFIi/ers: Use 5th month), 6th, 9th, and 12th months of the corporation's tax year

Exception . If one of your installment due dates is September 15, 2003, or September 15, 2004, see the instructions

10 Required installments . If the box on line 1 and/or line 2 above is checked, enter the amounts from Schedule A, line 38 If the box on line 3 (but not 1 or 2) is checked, see instructions for the amounts to enter If none of these boxes are checked, enter 25% of line 8 above in each column

11 Estimated tax paid or credited for each period (see instructions) For column (a) only, enter the amount from line 11 on line la

Complete lines 12 through 18 0/ one column before going to the next column .

12 Enter amount, if any, from line 18 of the preceding column 13 Add lines 11 and 12 14 Add amounts on lines 16 and 17 of the preceding column 15 Subtract line 14 from line 13 If zero or less, enter -0-

16 If the amount on line 15 is zero, subtract line 13 from line 14 Otherwise, enter -0-

17 Underpayment . If line 15 is less than or equal to line 10, subtract line 15 from line 10 Then go to line 12 of the next column Otherwise, go to line 18

18 Overpayment . If line 10 is less than line 15, subtract line 10 from line 15 Then go to

9 5/15/03 6/15/03 9/15/03 10/01/03 12/15/03 '~ .

17 1,160 . 1,160 . 870 . 290 . 1,160 . w , X V

CPCZ0312L 12/04/03

r

1 y

10 1,160 .1 1,160 . 870 . 290 . 1,160 .

11

12 13 14 `'~ `` "` 1,160 . 2,320 . 3, 190 . 3,480 . 15 t~0 . 0 . 0 . 0 . 0 .

re5 " 16 1,160 . I 2,320 . I 3,190 .1

line 12 of the next column 18 Complete Part 111 on page 2 to figure the penalty. /f there are no entries on line 17, no penalty is owed. BAA For Paperwork Reduction Act Notice, see separate instructions . Form 2220 (2003)

Form 2220 (2003) Serimus Foundation 83-0328155 Page 2

~:Partxlll;~ Figuring the Penalty

(a _ b c - d - - - - (e

19 Enter the dale of payment or the 15th day of the 3rd month after the close of the tax year, whichever is earlier (see instructions) (Form 990-PF and Form 990-T filers : Use 5th month instead of 3rd month ) 19 5/15/04 5/15/04 5/15/04 5/15/04 5/15/04

20 Number of days from due date of installment on line 9 to the date shown on line 19 20 366 335 243 227 152

21 Number of days on line 20 after 4/15/2003 and before 10/1/2003 21 138 107 15

22 Underpayment Number of days on line 17 X on line 21 X 5%

365 22 21 .93 17 .00 1 .79

23 Number of days on line 20 after 9/30/2003 and before 1/1/2004 23 92 92 92 91 16

24 Underpayment Number of days on line 17 X on line 23 X 4%

365 24 11 .70 11 .70 8 .77 2 .89 2 .03


26 Underpayment Number of days on line 17 x on line 25 x 4%

366 26 11 .54 11 .54 8 .65 2 .88 11 .54


28 Underpayment Number of days on line 17 X on line 27 X 0 *%

366 28

29 Number of days on line 20 after 6/30/2004 and before 10/1/2004 29

30 Underpayment Number of days on line 17 x an line 29 X '%

366 30

31 Number of days on line 20 after 9/30/2004 and before 1/1/2005 31

32 Underpayment Number of days on line 17 x on line 31 x "%

366 32

33 Number of days on line 20 after 12/3112004 and before 2/16/2005 33

34 Underpayment Number of days on line 17 X on line 33 X "%

365 34

35 Add lines 22, 24, 26, 28, 30, 32, and 34 35 45 . 17 40 .24 1 19 . 21 5 .77 13 . 57

36 Penalty . Add columns (a) through (e) of lire 35 Enter the total here and on corm 1 12U, line 33, Form 1120-A, line 29, or the comparable line for other income tax returns 36 124 .

*For underpayments paid after March 31, 2004 : For lines 28, 30, 32, and 34, use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access the IRS website at www.irs .gov . You can also call 1-800-829-1040 to get interest rate information

Form 2220 (2003)

CPCZ0312L 12/04/03

Federal Statements 2003 Client 83032815 Serimus Foundation

11/11/04 -

Statement 1 Form 990-PF, Part I, Line 6 Net Gain (Loss) from Noninventory Sales

Description : Merrill Lynch Managed Account Date Acquired : Various How Acquired : Purchase Date Sold : Various To Whom Sold : Gross Sales Price : 131,677 . Cost or Other Basis : 174,699 . Depreciation : 0 .

508, 116 . Gain (Loss)

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable per Books Income Net Income Purposes

$ 308 . $ 30 . $ 278 . Total $ 308 . $ 30 . $ 278 .

Other Professional

Description : Date Acquired : How Acquired : Date Sold : To Whom Sold : Gross Sales Price : Cost or Other Basis : Depreciation :

Description : Date Acquired : How Acquired : Date Sold : To Whom Sold : Gross Sales Price : Cost or Other Basis : Depreciation :

Statement 2 Form 990-PF, Part I, Line 16c Other Professional Fees

AEIS - 30,000 Shares Various Donated Various

508,176 . 60 . 0 .

Expiring Call Options Various Purchase 10/20/2003

12, 744 . 0 . 0 .

Gain (Loss) 12,744 .

Total Net Gain (Loss) From Noninventory Sales $ 477, 838 .

Gain (Loss)

Page 1

83-0328155 08 18AM

-43,022 .

2003 Client 83032815 11/11/04

Statement 3 Form 990-PF, Part I, Line 23 Other Expenses

Serimus Foundation 83-0328155

08 18AM

(a) (b) Net (c) (d) Expenses Investment Adjusted Charitable per Books Income Net Income Purposes

$ 90 . $ 90 . 4,046 . 4,046 . 1,508 . 1,508 .

413 . 413 . 5,340 . $ 5,340 .

50 . 50 . 643 . 643 .

2,195 . 2,195 . 281 . 281 .

13,680 . 13,680 . 2,559 . 2,559 .

563 . 563 . Total $ 31,368 . $ 5,340 . $ 26,028 .

Statement 4 Form 990-PF, Part II, Line lOb Investments - Corporate Stocks

Statement 6 Form 990-PF, Part III, Line 5 Other Decreases

$ 1,394,977 . Total $ 1,394, 977 .

Book/Tax Basis Difference in Capital Gains

Bank Charges Conference/Training Grant Making Expenses Internet Access Investment Management Fees Licenses & Permits Miscellaneous Office Supplies Postage Rent Telephone Travel

Federal Statements Page 21

Valuation Book Fair Market Corporate Stocks Method Value Value

Advanced Energy Cost $ 5,812,500 . $ 3,256,250 . Merrill Lynch Managed Account Cost 597,638 . 637,365 . Rampart Managed Account Cost 1,174,953 . 641,767 .

Total $ 7,585,091 . $ 4,535,382 .

Statement 5 Form 990-PF, Part II, Line 11 Investments - Land, Buildings, and Equipment

Accum . Book Fair Market Category Basis Deprec . Value Value

Furniture and Fixtures $ 29,849 . $ 14,625 . $ 15,224 . $ 15,224 . Machinery and Equipment 8,034 . 5,907 . 2,127 . 2,127 .

Total $ 37,883 . $ 20,532 . $ 17,351 . $ 17,351 .

Federal Statements 2003 83-0328155

08 24AM Client 83032815 Serimus Foundation

11/11104 ---

Statement 7 Form 990-PF, Part VII-B, Line 5c Exemption from Tax on Taxable Expenditures

Douglas S . Schatz Vice President 0 . 0 . 0 . 927 Crescent H Rd, PO Box 1490 Varies Wilson, WY 83014

Kirsten Bump, c/o Serimus Secretary 0 . 0 . 0 . 19 Old Town Square, Ste 238 Varies Fort Collins, CO 80524

Douglas S . Schatz Treasurer 0 . 0 . 0 . 927 Crescent H Rd, PO Box 1490 Varies Wilson, WY 83014

Total $ 0 . $ 0 . $ 0 .

Page 3

Pursuant to IRC Reg Sec 53 .4945-5(d) (2), the Serimus Foundation provides the following information :

(i) Grantee : Serimus Operating Foundation, 19 Old Town Square, Ft Collins, CO 80524 .

(ii) Date & Amount of Grant : Various times, total of $101,000 .

(iii) Purpose of Grants : Support for the programs of Serimus Operating Foundation .

(iv) & (vi) Reports : Serimus Operating Foundation provides full & complete reports at various times and has expended all funds provided .

(v) Diversions : To the knowledge of the grantor, no funds have been diverted to any activity other than the activity for which the grant was originally made .

(vii) Verification : The grantor has no reason to doubt the accuracy or reliability of the report from the grantee ; therefore, no independent verification of the report was made .

Statement 8 Form 990-PF, Part VI11, Line 1 List of Officers, Directors, Trustees, and Key Employees

Title and Contri- Expense Average Hours Compen- bution to Account/

Name and Address Per Week Devoted sation EBP & DC Other

Jill E . Schatz President $ 0 . $ 0 . $ 0 . 927 Crescent H Rd, PO Box 1490 Varies Wilson, WY 83014

990-PF Return of Private Foundation or Section...

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