efile GRAPHIC rint - DO NOT PROCESS As Filed Data - DLN:93493320053142 OMB No 1545-0047 Return of Organization Exempt From Income Tax Form990 2011 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) ~ Department of the Treasury Intemal Revenue Service ~The organization may have to use a copy of this return to satisfy state reporting requirements A For the 2011 calendar year, or tax year beginning 01-01-2011 C Name of organization B Check If applicable The Michael Finley Foundation F Address change c/o Premier Family Office DOing Business As 1 Name change Open to Public Inspection and ending 12-31-2011 D Employer identification number 26-3611552 E Telephone number (312) 608-4445 1 Initial return Numberand street (or PO box If mall IS not delivered to street addreSs)1 Room/suite 2525 Main St No 210 1 Terminated 1 Amended return G Gross receipts $ 326,035 City or town, state or country, and ZIP + 4 Santa Monica, CA 90405 1 Application pending F Name and address of principal officer Michael Finley 2525 Main St No 210 Santa Monica, CA 90405 I J Website: F Tax-exempt status .... ~ 1 501(c) ( ) "'II1II (Insert no ) 1 H(b) Are all affiliates included? 4947(a)(1) or 1527 H(c) Yes 1 F Yes No 1 No If "No," attach a list (see Instructions) Group exemption number ~ wvvvv mlchaelflnley org K Form of organization :F. 501(c)(3) H(a) Is thiS a group return for affiliates? 1 F Corporation 1 Trust 1 ASSOCiation 1 Other ~ L Year of formation 2009 M State of legal domiCile TX Summary 1 Briefly deSCribe the organization's mission or most Significant activities The purpose ofthe organization IS to Inspire, broaden, transform, and develop the necessary Skills, confidence, and direction of youths and their families, enabling them to become strong and productive citizens and future leaders 2 C heck thiS box >Ci 3 Numberofvotlng members ofthe governing body (Part VI, line 1a) 3 2 q,. oJ.> 4 Number of Independent voting members ofthe governing body (Part VI, line 1 b) 4 2 5 Total number of IndiViduals employed In calendar year 2011 (Part V, line 2a) 5 0 ~ 6 Total number of volunteers (estimate If necessary) 6 0 7a 0 .., ~ ~ ~ eo ~ ~ ~ Ifthe organization discontinued ItS operations or disposed of more than 25% of ItS net assets 7a Tota I unrelated bus I ness revenue from Part V I II, column (C), line 12 b Net unrelated bUSiness taxable Income from Form 990-T, line 34 7b 0 Prior Year Current Year 8 Contributions and grants (Part VIII, line 1 h) 120,362 326,035 ~ 9 P rogra m service revenue (P a rt V II I, line 2 g) 0 0 :;.. 10 Investment Income (Part VIII, column (A), lines 3,4, and 7d ) 0 0 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) 120,362 326,035 C 'l! ..,. 0:: 13 * '" ,- a; ~ Grants and Similar amounts paid (Part IX, column (A), lines 1-3 ) 10,000 0 14 Benefits paid to or for members (Part IX, column (A), line 4) 0 0 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 0 0 Profess lona I fundra IS I ng fees (P a rt I X, col umn (A), II ne 11 e) 0 0 131,813 334,181 16a b Total fundralslng expenses (Part IX, column (D), line 25) ~O 17 a ther expenses 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 141,813 334,181 19 Revenue less expenses Subtract line 18 from line 12 - 21 ,4 51 -8,146 (P art I X, column (A), lines 11 a-11 d, 11 f- 24 e) t5~ ~~ q..<'I: Beginning of Current Year ~~ 20 Total assets (Part X, line 16) 21 Total liabilities (Part X, line 26) ZL.! 22 Net assets or fund balances Subtract line 21 from line 20 S; .... d ?, e C ~ f All other program service revenue 9 v Total. Add lines 2a-2f 0 &: 3 .... Investment Income (Including dividends, Interest and other similar amounts) 4 Income from Investment of tax-exempt bond proceeds 5 Royalties 6a Gross rents b Less rental expenses Renta I Income or (loss) (I) Real e d (II) Personal ... Net rental Income or (loss) (I) Securities e d (II) Other Gross amount from sales of assets other than Inventory Less cost or other basIs and sales expenses Gain or (loss) Net gain or (loss) 7a b Sa ... Gross Income from fundralslng events (not Including ev ::::I $ ? of contributions reported on line 1c) See Part IV, line 18 :> ev a:: ... ~ .c 0 ... ... ... a b Less direct expenses e Net Income or (loss) from fundralslng events 9a b ... Gross Income from gaming activities See Part IV, line 19 a b Less direct expenses e Net Income or (loss) from gaming activities lOa b ... Gross sales of Inventory, less returns and allowances a b Less cost of goods sold e Net Income or (loss) from sales of Inventory Miscellaneous Revenue b ... Business Code lla b e d A II other revenue e Total. Add lines 11a-11d 12 Total revenue. See Instructions ... ... 326,035 ? ?Form 990 ? 2011 Form 990 (2011) IUMi.:i Page 10 Statement of Functional Expenses Section 50 1(c)(3) and 50 1(c)(4) organizations must complete all columns All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D) Check If Schedule a contains a response to any question In this Part IX Do not include amounts reported on lines 6b, 7b, 8b, 9b, and lOb of Part VIII. 1 Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and key employees 6 Compensation not Included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described In section 4958(c)(3)(B) 7 Other salaries and wages 8 Pension plan contributions (Include section 401(k) and section 403(b) employer contributions) 9 (D) Fundralslng expenses Grants and other assistance to governments, organizations, and Individuals outside the United States See Part IV, lines 15 and 16 4 (e) Management and general expenses Grants and other assistance to Individuals In the United States See Part IV, line 22 3 (8) Program service expenses Grants and other assistance to governments and organizations In the United States See Part IV, line 21 2 (A) Total expenses Other employee benefits 10 Payroll taxes 11 Fees for services (non-employees) a Management b Legal c Accounting d LobbYing e Profess lona I fundra IS I ng See Part IV, Ime 17 f Investment management fees Other 140,860 140,860 33,741 33,741 51,890 51,890 5,069 5,069 4,584 4,584 Equipment Rental & Main 48,762 48,762 b Other Program Expenses 31,888 31,888 9 12 Advertising and promotion 13 Office expenses 14 Information technology 15 Royalties 16 Occupancy 17 Travel 18 Payments oftravel or entertainment expenses for any federal, state, or local public officials 19 Conferences, conventions, and meetings 20 Interest 21 Payments to affiliates 22 Depreciation, depletion, and amortization 23 Ins ura nce 24 Other expenses Itemize expenses not covered above (List miscellaneous expenses In line 24f If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24fexpenses on Schedule a ) a c Printing & COPYing 7,900 7,900 d Facilities Expense 3,643 3,643 e f A II other expenses 25 Total functional expenses. Add lines 1 through 24f 26 5,844 5,844 334,181 334,181 Joint costs. Check here ~ ilffollowlng SOP 98-2 (ASC 958-720) Complete this line only Ifthe organization reported In column (B) JOint costs from a combined educational campaign and fundralslng solicitation 0 0 Form 990 2011 Page 11 Form 990 (2011) Im.:4 Balance Sheet (8) (A) Beginning of year 1 2 3,389 Cas h-non-Interest- bea ring Savings and temporary cash Investments End of year 1 2 3 Pledges and grants receivable, net 0 3 4 Accounts receivable, net 0 4 5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees Complete Part II of 0 5 Schedule L 6 - -6,757 2,000 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described In section 4958(c)(3)(B) Complete Part II of 6 Schedule L I,h cJ) 7 Notes and loans receivable, net 7 '-'" I,/> 8 Inventories for sale or use 8 9 Prepaid expenses and deferred charges 9 lOa Land, bUildings, and equipment cost or other basIs Complete Part VI of Schedule 0 lOa Less accumulated depreciation lOb << b 10c 11 Investments-publicly traded seCUrities 11 12 Investments-other seCUrities See Part IV, line 11 12 13 I nvestments-progra m- related See Part IV, line 11 13 14 Intangible assets 14 15 Other assets See Part IV, line 11 15 3,389 16 Total assets. Add lines 1 through 15 (must equal line 34) 17 Accounts payable and accrued expenses 16 18 Grants payable 18 19 '.I' =: :.c Deferred revenue 19 20 .9! Tax-exempt bond liabilities 20 21 Escrow or custodial account liability Complete Part IV of Schedule 0 21 22 Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons Complete Part I I of Schedule L ~ :.::::l 23 22 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 24 25 Other liabilities (Including federal Income tax, payables to related third parties, and other liabilities not Included on lines 17-24) Complete Part X of Schedule D 26 Total liabilities. Add lines 17 through 25 Organizations that follow SFAS 117, check here of! q:. u ~ 0:::; -4,757 17 25 0 ~ 26 0 I" and complete lines 27 through 29, and lines 33 and 34. 27 Unrestricted net assets 27 CQ 28 Temporarily restricted net assets 28 ;:: 29 Permanently restricted net assets 29 - 0:::; ::::l Organizations that do not follow SFAS 117, check here "- p- and complete lines 30 through 34. u.. 0 ~ 30 Capital stock or trust principal, or current funds 0 30 31 Paid-In or capital surplus, or land, bUilding or equipment fund 0 31 0 ~ 32 Retained earnings, endowment, accumulated Income, or other funds 0 32 -4,757 4) 33 Total net assets or fund balances 3,389 33 -4,757 34 Total liabilities and net assets/fund balances 3,389 34 -4,757 of! 4) of! of! Z 0 Form 990 2011 Form 990 (2011) .iii'!" Page 12 Reconcilliation of Net Assets Check If Schedule 0 contains a response to any question In this Part XI 1 Total revenue (must equal Part VIII, column (A), line 12) 2 Total expenses (must equal Part IX, column (A), line 25) 3 Revenue less expenses Subtract line 2 from line 1 4 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) 1 2 -8,146 4 3,389 5 6 334,181 3 5 326,035 0 6 -4,7 5 7 Other changes In net assets or fund balances (explain In Schedule 0) Net assets or fund balances at end of year Combine lines 3,4, and 5 (must equal Part X, line 33, column (B)) .:fl'i.~.n Financial Statements and Reporting .1 Check If Schedule 0 contains a response to any question In this Part XII Yes No 1 Accounting method used to prepare the Form 990 p- Cash 1 Accrual IOther _ _ _ _ __ If the organization changed ItS method of accounting from a prior year or checked "Other," explain In Schedule 0 2a Were the organization's financial statements compiled or reviewed by an Independent accountant? 2a No b Were the organization's financial statements audited by an Independent accountant? 2b No c If "Yes," to 2a or 2b, does the organization have a committee that assumes responsibility for oversight ofthe audit, reView, or compilation of ItS financial statements and selection of an Independent accountant? If the organization changed either ItS oversight process or selection process dUring the tax year, explain In Schedule 0 2c d If "Yes" to line 2a or 2b, check a box below to Indicate whether the financial statements for the year were Issued on a separate basIs, consolidated basIs, or both 1 3a b Separate basIs 1 Consolidated basIs 1 Both consolidated and separated basIs As a result of a federal award, was the organization required to undergo an audit or audits as set forth In the Sin g I e A u d It Act and 0 M B C I rc u Ia r A -1 33 ? If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why In Schedule 0 and describe any steps taken to undergo such audits 3a No 3b Form 990 (2011) efile GRAPHIC rint - DO NOT PROCESS SCHEDULE A As Filed Data - DLN:93493320053142 OMB No 1545-0047 Public Charity Status and Public Support 2011 (Form 990 or 990EZ) Complete if the organization is a section S01(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust. Department of the Treasury Intemal Revenue Service Name ofthe organization The Michael Finley Foundation c/o Premier Family Office Open to Public Inspection ,... Attach to Form 990 or Form 990-EZ."" See separate instructions. Employer identification number 26-3611552 Reason for Public Charity Status (All organizations must complete this part.) See instructions The organization IS not a private foundation because It IS (For lines 1 through 11, check only one box) 4 I" I" I" I" 5 I" 1 2 3 A church, convention of churches, or association of churches section 170(b)(1)(A)(i). A school described In section 170(b)(1)(A)(ii). (Attach Schedule E ) A hospital or a cooperative hospital service organization described In section 170(b)(1)(A)(iii). A medical research organization operated In conJunction with a hospital described In section 170(b)(1)(A)(iii). Enter the hospital's name, City, and state A n organization operated for the benefit of a college or university owned or operated by a governmental unit described In section 170(b)(1)(A)(iv). (Complete Part II ) 6 I" A federal, state, or local government or governmental unit described In section 170(b)(1)(A)(v). 7 P- A n organization that normally receives a substantial part of ItS support from a governmental unit or from the general public described In section 170(b)(1)(A)(vi) (Complete Part II ) 8 I" I" A community trust described In section 170(b)(1)(A)(vi) (Complete Part II ) 9 An organization that normally receives (1) more than 331/3% of ItS support from contributions, membership fees, and gross receipts from activities related to ItS exempt functions-subJect to certain exceptions, and (2) no more than 331/3% of ItS support from gross Investment Income and unrelated bUSiness taxable Income (less section 511 tax) from bUSinesses acqui red by the orga nlzatlon after June 30, 1975 See section S09(a)(2). (C omplete Part I II ) 11 I" I" e I" 10 f 9 An organization organized and operated exclusively to test for public safety Seesection S09(a)(4). A n organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described In section 509(a)(1) or section 509(a)(2) See section S09(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h a I" Type I b I" Type II c I" Type III - Functionally Integrated d I" Type III - Other By checking this box, I certify that the organization IS not controlled directly or Indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described In section 509(a)(1) or section 509(a)(2) If the organization received a written determination from the IRS that It IS a Type I, Type II orType III supporting organization, check this box I" Since August 17,2006, has the organization accepted any gift or contribution from any ofthe following persons? (i) a person who directly or Indirectly controls, either alone or together with persons described In (II) Yes No and (III) below, the governing body ofthe the supported organization? l1g(ii) (iii) a 35% controlled entity of a person described In (I) or (II) above? h l1g(i) (ii) a family member of a person described In (I) above? l1g(iii) Provide the following Information about the supported organlzatlon(s) (i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or I RC section (see Ins tructlo ns)) (iv) Is the organization In col (I) listed In your governing document? Yes No (v) Did you notify the organization In col (I) of your support? Yes No (vi) Is the organization In col (I) organized In the US? Yes (vii) A mount of support? No Total For Paperwork Reducbon Act Nobce, see the Instrucbons for Form 990 Cat No 11285F Schedule A (Form 990 or 990?EZ) 2011 -!iii". S c he d u Ie A (Form 990 or 990 - E Z) 20 11 P age 2 Support Schedule for Organizations Described in IRC 170(bH1HAHiv) and 170(bH1HAHvi) (Complete only If you checked the box on line 5, 7, or 8 of Part I or If the organization failed to qualify under Part III. If the organization falls to qualify under the tests listed below, please complete Part III.) Section A. Public Support Calendar year (or fiscal year beginning In) GiftS, grants, contributions, and 1 membership fees received (Do not Include any "unusual grants ") Tax revenues levied for the 2 organization's benefit and either paid to or expended on ItS behalf The value of services or faCilities 3 furnished by a governmental unit to the organization Without charge 4 Total. Add lines 1 through 3 5 The portion oftotal contributions by each person (other than a governmental unit or publicly supported organization) Included on line 1 that exceeds 2% ofthe amount shown on line 11, column (f) Public Support. Subtract line 5 from 6 line 4 (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total 75,125 120,362 326,035 521,522 75,125 120,362 326,035 521,522 410,605 110,917 Section B. Tota Support Calendar year (or flsca I yea r begl nnlng (a) 2007 (b) 2008 In) 7 Amounts from line 4 8 Gross Income from Interest, diVidends, payments received on seCUrities loans, rents, royalties and Income from Similar sources 9 Net Income from unrelated business actiVities, whether or not the business IS regularly carned on 10 Other Income (Explain In Part IV ) Do not Include gain or loss from the sale of capital assets 11 Total support (Add lines 7 through 10) 12 Gross receipts from related actiVities, etc (See Instructions) 13 (c) 2009 75,125 (d) 2010 (e) 2011 120,362 (f) Total 326,035 521,522 521,522 I I 12 First Five Years If the Form 990 IS for the organization's first, second, third, fourth, or fifth tax year as a 501 (c)(3) organization, check thiS box and stop here .... 17 Section C. Computation of Public Support Percentage 14 PubliC Support Percentage for 2011 (line 6 column (f) diVided by line 11 column (f)) 15 PubliC Support Percentage for 2010 Schedule A, Part II, line 14 331/30/osupport test-201l. If the organization did not check the box on line 13, and line 14 IS 33 1/3% or more, check thiS box and stop here. The organization qualifies as a publicly supported organization .... , b 331/30/osupport test-2010. If the organization did not check the box on line 13 or 16a, and line 15 IS 33 1/3% or more, check thiS box and stop here. The organization qualifies as a publicly supported organization .... , 17a 10%-facts-and-circumstancestest-201l. If the organization did not check a box on line 13, 16a, or 16b and line 14 IS 10% or more, and Ifthe organization meets the "facts and circumstances" test, check thiS box and stop here. Explain In Part IV howthe organization meets the "facts and circumstances" test The organization qualifies as a publicly supported o rga n Izatl 0 n b 10% -facts-a nd-ci rcumst a nces test-2010. If the orga nlzatlon did not c hec k a box on II ne 13, 16 a, 16 b, or 17 a a nd II ne 15 IS 10% or more, and If the organization meets the "facts and circumstances" test, check thiS box and stop here. Explain In Part IV howthe organization meets the "facts and circumstances" test The organization qualifies as a publicly supported organization 18 Private Foundation If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check thiS box and see Instructions 16a , .... Schedule A (Form 990 or 990-EZ) 2011 -!iii'''. S c he d u Ie A (Form 990 or 990 - E Z) 20 11 Page 3 Support Schedule for Organizations Described in IRC S09(a)(2) (Complete only If you checked the box on line 9 of Part I or If the organization failed to qualify under Part II. If the organization falls to qualify under the tests listed below, please complete Part II.) S ectlon A. Pu bl"IC S upport Calendar year 1 2 3 4 5 6 7a b c 8 (or fiscal year beginning In) GiftS, grants, contributions, and membership fees received (Do not Include any "unusual grants ") Gross receipts from admiSSions, merc ha ndlse sold or services performed, or faCilities furnished In any activity that IS related to the organization's tax-exempt purpose Gross receipts from activities that are not an unrelated trade or business under section 513 Tax revenues levied for the organization's benefit and either paid to or expended on ItS behalf The value of services or faCilities furnished by a governmental unit to the organization without charge Total. Add lines 1 through 5 Amounts Included on lines 1,2, and 3 received from dlsqua Ilfled persons Amounts Included on lines 2 and 3 received from other than disqualified persons that exceed the greaterof$5,000 or1% ofthe amount on line 13 for the year Add lines 7a and 7b Public Support (Subtract line 7c from line 6 ) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total S ectlon B. Tota IS upport Calendar year (or flsca I yea r begl nnlng (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total In) 9 Amounts from line 6 Gross Income from Interest, lOa diVidends, payments received on seCUrities loans, rents, royalties and Income from Similar sources Unrelated business taxable b Income (less section 511 taxes) from businesses acquired after June 30, 1975 c Add lines lOa and lOb Net Income from unrelated 11 business activities not Included In line lOb, whether or not the business IS regularly carned on Other Income Do not Include 12 gain or loss from the sale of capital assets (Explain In Part IV ) Total support (Add lines 9, 10c, 13 11and12) 14 First Five Years If the Form 990 IS for the organization's first, second, third, fourth, or fifth tax year as a 501 (c)(3) organization, check thiS box and stop here .... , Section C. Com utation of Public Su ort Percenta e 15 PubliC Support Percentage for 2011 (line 8 column (f) diVided by line 13 column (f)) 16 PubliC support percentage from 2010 Schedule A, Part III, line 15 Section D. Computation of Investment Income Percentage 17 Investment Income percentage for 2011 (line 10c column (f) diVided by line 13 column (f)) 18 Investment Income percentage from 2010 Schedule A, Part III, line 17 19a 331/30/osupport tests-201l. If the organization did not check the box on line 14, and line 15 IS more than 33 1/3% and line 17 IS not more than 33 1/3%, check thiS box and stop here. The organization qualifies as a publicly supported organization .... , 331/30/osupport tests-2010. If the organization did not check a box on line 14 or line 19a, and line 16 IS more than 33 1/3% and line 18 IS not more than 33 1/3%, check thiS box and stop here. The organization qualifies as a publicly supported organization .... , Private Foundation If the organization did not check a box on line 14, 19a or 19b, check thiS box and see Instructions .... , b 20 Schedule A Form 990 or 990-EZ 2011 -!iii"'- 5 c he d u Ie A (Form 990 or 990 - E Z) 20 11 P age 4 Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions). Facts And Circumstances Test Explanation Schedule A (Form 990 or 990-EZ) 2011 SCHEDULE 0 (Form 990 or 990-EZ) Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on Form 990 or to provide any additional information. ~ Attach to Form 990 or 990-EZ. Department of the Treasury Intemal Revenue Service Employer identification number Name ofthe organization The Michael Finley Foundation c/o Premier Family Office Identifier New A"ogram Services Return Reference Explanation Form 990, Part III, line 2 The Woodstar MusIc festival IS dedicated to the positive progression, safety and overall well-being of children and their families through programs that encourage social and educational development Form 990, Part VI, Section A, line 2 Michael and Rebekah Finley are husband and wife Form 990, Part VI, Section B, line 11 NlA Form 990, Part VI, Section C, line 19 Upon request Additional Data Software ID: Software Version: EIN: Name: 26-3611552 The Michael Finley Foundation c/o Premier Family Office Form 990, Special Condition Description: I Special Condition Description