Form 990 Return of Organization Exempt from Income Tax 2004990s.foundationcenter.org/990_pdf_archive/941/941527492/... · 2017-06-24 · Return of Organization Exempt from Income

OMB No 1545-0047 Return of Organization Exempt from Income Tax Under section 501(c), 527, or 4947(ax1) of the Internal Revenue Code

(except black lung benefit trust or private foundation)

nization may have to use a copy of this return to satisfy state reporting requirements

2004 Open to Public

Inspection Department of the Treasury Internal Revenue Service I m, The

A For the 2004 calendar yea

B Check if applicable

or tax near beainninq 7/01 , 2004, and ending 6/30 , 2005 Employer Identification Number

94-1527492 E Telephone number

650-941-2828 F Accouning methV

Li Cash X Accrual

- 1-1 Other (specify)

H and I are not applicable to section 527 organizations

H (8) Is this a group return for affiliates7 ~ Yes ~ No

H (b) If 'Yes,' enter number of affiliates I'

H (C) Are all affiliates included a Yes ~ No

(If 'No,' attach a list See instructions )

H (d) Is this a separate return filed by an

organization covered by a group rulings n Yes 11S I No

Address change FIRS labels CREATIVE CENTER OF LOS ALTOS or pri or type . ~d PINEWOOD SCHOOL Name change

in, se . 327 FREMONT AVENUE

Initial return s s{NC LOS ALTOS, CA 94024-4861 Final return boos.

Amended return

~Application pending " Section 501(cX3) organizations and 4947(a)('I) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ).

INEWOOD .EDU G Web site : 01 WWW

J Organization type (check only one "- I X 1 501(c) 3 -4 (insert no ) I I 4947(a)(1) or U 527

K Check here "' if the organization's gross receipts are normally not more than $25,000 . The organization need not file a return with the IRS ; but if the organization received a Form 990 Package in the mail, it should file a return without financial data Some states require a complete return .

tion Number if the organization is not required a B (Form 990, 990-EZ, or 990-PF).

I Group Exem M Check

Gross recei p ts Add lines 6b, 8b, 9b, and lOb to line 12 1- 13,122,978 . to attach Schedi

f Revenue Expenses, and Changes in Net Assets or Fund Balances (s 1 Contributions, gifts, grants, and similar amounts received - a Direct public support . . . 1 a b Indirect public support . 1 b c Government contributions (grants) . . 1 c

) d is°ttiirou9hlicj (cash S 333, 984 . noncash $ 30,994 . 2 Program service revenue including government fees and contracts (from Part VII, line 93) 3 Membership dues and assessments 4 Interest on savings and temporary cash investments 5 Dividends and interest from securities 6a Gross rents 6a

ee Instructions)

364,978-

364,978, 8,953,291 .

W D

W Z

Q U

v E N u E

51,214 . b Less rental expenses 6b 5,582 . c Net rental income or (loss) (subtract line 6b from line 6a) tic

7 Other investment income (describe ~ See Statement 1 7

8a Gross amount from sales of assets other (A) Securities (B) Other `- --. than inventory . . 2, 537, 879 . 8a 175 , 513 .

b Less : cost or other basis and sales expenses . 2 , 382 , 004 . 8b 145, 604

17,057 .

.. . .w .. ~ .. ,.~ ~.. .. .~, . .... . . . .. .,. , .~ ,. .. .. .. .... .. . ..... .. . . ..

d Net gain or (loss) (combine line 8c, columns (A) and (B)) 9 Special events and activities (attach schedule) If any amount is from gaming, check here . . a Gross revenue (not including $ of contributions

196, 993 . 71,403 .

Statement 3 b Less : d rect e**rs4.s~ "t/ttUndrai ing expenses c Net inc m pts (subtract line 9b from line 9a)

10a Gross of ~v~f t~r e s r rn R allowances 10a b Less : c 9P f btls sdld~ ~0"~ . U

,

) . . 10b c Gross pr it o ~t.u~uea schedule) (subtract line 10b from line 10a) . .

11 Other r venuOoNll, i ~03) . . 12 Total r ) , 7, 8d, 9c, l Oc, and 11

E 13 Program services (from line 44, column (B)) X 14 Management and general (from line 44, column (C)) P E 15 Fundraising (from line 44, column (D)) N 5 16 Payments to affiliates (attach schedule) E S 17 Total expenses add lines 16 and 44, column (A) ) A 18 Excess or (defeat) for the year (subtract line 17 from line 12)

r f rid b lances at be inrnn of ear (from line 73 column (A)), S 19 N t t

lOc 11 15,734 . 12 10 518 385 . 13 7,749,234 . 14 1,547,179 . 15

9,296,413 . 1,221,972 .

35,763,409 . 1,212 .

36,986,593 . Form 990 (2004)

1 T 5 21 Net assets or fund balances at end of ear (combine lines 18, 19, and 20 ) . 21

BAA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . TEEA0107L 01107105

Form 990

532,484 . 277 .835 .

9

8d 185,784

9jc 125,590 ._V

s o e asse u a g g y T E 20 Other changes in net assets or fund balances (attach explanation) . . . See Statement 4

Form 990 2004 CREATIVE CENTER OF LOS ALTOS 94-1527492 Page 2 part 1 - . Statement of Functional Ex enses an organizations must complete column (A) Columns (B), (C), and (D) are

required for section 501(c)(3) and 4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others .

Do not include amounts reported on line (A) Total (B) Program (C) Management ~D) Fundraising 66, 86, 96, 106, or 16 of Part I services and general

22 Grants and allocations (aft sch) See Stm 5 -''~`'"- -'°```(cash $ 5,500 . T

non-cash $ ) 22 5, 500 . 5 , 500 . 23 Specific assistance to individuals (aft sch) 23 24 Benefits paid to or for members (aft sch) 24 - _ 25 Compensation of officers, directors, etc 25 374 728 . 1-9-9 , 728 . 175 000 . 26 Other salaries and wages 26 4,559,612 . 4 , 214 , 599 . 345, 013 . 27 Pension plan contributions 27 78 941 . 72 f 968 . 5 , 973 . 28 Other employee benefits 28 209 , 805 . 193 , 930 . 15 f 875 . 29 Payroll taxes 29 378 , 434 . 349 f 799 . 28 , 635 . 30 Professional fundraising fees 30 31 Accounting fees 31 14,958 . 14f958 . 32 Legal fees 32 50 , 373 . 50 373 . 33 Supplies 33 34 Telephone 34 48 879 . 48 f 879 . 35 Postage and shipping 35 36 Occupancy 36 1 , 101 , 286 . 991,158 . 110,128 . 37 Equipment rental and maintenance 37 38 Printing and publications. 38 39 Travel 39 40 Conferences, conventions, and meetings 40 41 Interest 41 355 850 . 355 850 . 42 Depreciation, depletion, etc (attach schedule) 42 198,184 . 178 366 . 19,818 . 43 Other expenses not covered above (itemize).

a See Statement 6 43a 1 919,863 . 1 , 543,186 . 376,677 . - b 43b

------------------- 43c

d 43d e 43e

44 Total functional expenses (add lines 22 . 43a.

carry these totalstollines131u~5s(B)-(D), 44 9,296 , 413 . 7,749,234 . 1,547,179 . 0 . Joint Costs . Check N-F] if you are following SOP 98-2 . Are any point costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? ~~ Yes Xa No If 'Yes,' enter (i) the aggregate amount of these point costs $ , (ii) the amount allocated to Program services $ ; (iii) the amount allocated to Management and general $ , and (iv) the amount allocated

to Fundraising $

(Grants and allocations $ ) 7, 749, 234 . b

------------------------------------------------------ (Grants and allocations $ )

c

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

(Grants and allocations $ ) d

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

(Grants and allocations $ ) e Other program services (Grants and allocations $ f Total of Program Service Expenses (should equal line 44, column (B), Program services) 0. 7,749,234 .

BAA TEEA0102L Ol/07/OS Form 990 (2004)

What is the organization's primary exempt purpose? w Program Service Exp All organizations must describe their exempt purpose achievements in a clear and concise manner. State the number of (Re( cared for soi(c)(s clients served, publications issued, etc . Discuss achievements that are not measurable . (Section 501(c) (3) & (4) organ- 4947(e)(1) trusts, t izations and 4947 ( a) ( 1 ) nonexem t charitable trusts must also enter the amount of rants & allocations to others ~ optional for others

a OPERATION OF FULL TIME ELEMENTARY, MIDDLE, AND HIGH SCHOOL, WITH APPROXIMATELY 600 STUDENTS .

- _ _ - - - .

Form 99b (2004) CREATIVE CENTER OF LOS ALTOS 94-1527492 Page 3

~ 'Balance Sheets (see instructions)

10,500,000 . 771,180 .

11,296,781 .

36,723,399 .

263,194 .

..iya~~~~ou..~~~u~o . . .. . . .. . .,. . .,.. . .,, ... . .. .... . . .. . ., u-.. .,.,~. � ., . ., ~~~- .�

through 69 and lines 73 and 74 .

A 67 Unrestricted . . . . . . . 68 Temporarily restricted , , 69 Permanently restricted

. .

Organizations that do not follow SFAS 117, check here 1, R and complete lines 70 through 74

N 70 Capital stock, trust principal, or current funds . . 71 Paid-in or capital surplus, or land, building, and equipment fund

A 72 Retained earnings, endowment, accumulated income, or other funds

252,438

TEEA0103L 01/07/05

Note : Where required, attached schedules and amounts within the description column should be for end-of-year amounts only.

45 Cash - non-interest-bearing 46 Savings and temporary cash investments . .

47a Accounts receivable . . . . . 47a 806 239 . b Less allowance for doubtful accounts 47b

48a Pledges receivable . . . 48a b Less : allowance for doubtful accounts . . 48b

49 Grants receivable . . . . . . .

A 50 Receivables from officers, directors, trustees, and key s employees (attach schedule) . . . . . . See Stm 7 e 51 a Other notes & loans receivable (attach sch) . See St 8 51 a 2,100 . s b Less allowance for doubtful accounts 51 b

52 Inventories for sale or use . . . . . 53 Prepaid expenses and deferred charges 54 Investments - securities (attach schedule) 52.2 St 9 Cost[] FMV 55a Investments - land, buildings, & equipment : basis 55a 20,506,817 .

b Less accumulated depreciation (attach schedule) Statement 10 55b

56 Investments - other (attach schedule) . . . See Stmt . 11 57a Land, buildings, and equipment basis 57a 5,651,227 .

b Less accumulated depreciation (attach schedule) . . Statement 12 57b 2,852,814 .

58 Other assets (describe - See Statement 13 59 Total assets (add lines 45 throw h 58 (must equal line 74) 60 Accounts payable and accrued expenses 61 Grants payable . . . . . .

A 62 Deferred revenue s 63 Loans from officers, directors, trustees, and key employees (attach schedule) L

i 64a Tax-exempt bond liabilities (attach schedule) . . . . . b Mortgages and other notes payable (attach schedule) . S ee. . St 3t2mBnt 14 .

s 65 Other liabilities (describe 1, See Statement 15 66 Total liabilities (add lines 60 through 65) . . . .

(A) Beginning of year

3,116,578

48 731 . 47c

950,000 . 50

21 , 000 . 51c 52 53

22,735 525 . 54

17,192,631 . 55c 1 , 000,000 . 56

1,131,525 . 57c 236, 713 . 58

47 032, 903 . 59 4,036 . 60

10,500,000 . 765,458 .

11,269,494 .

35 510, 971 . 67 68

(B) End of year

116,874 . 513,797 .

806,239 .

950,000 .

2,100 .

19,848,450 .

20,506,817 . 989,790 .

2,798,413 . 1,750,394 .

48,282,874 . 25,601 .

73 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72 ; column (A) must equal line 19, column (B) must equal line 21) . 35, 763, 409 . 73 36,986 , 593 .

74 Total liabilities and net assetslfund balances (add lines 66 and 73) . ~ 47, 032, 903 . ~ 74 ~ 48,283,374 .

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization . How the public perceives an organization in such cases may be determined by the information presented on its return . Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments .

BAA

Form 990 (2004) CREATIVE CENTER OF LOS ALTOS 94-1527492 Page 4 Reconciliation of Expenses per Audited Financial Statements with Expenses per Return

Reconciliation of Revenue per Audited Financial Statements with Revenue per Return (See instructions .)

a Total revenue, gains, and other support per audited financial statements

b Amounts included on line a but not on line 12, Form 990 :

(1) Net unrealized gains on investments $

(2) Donated services and use of facilities $

(3) Recoveries of prior year grants $

(4) Other (specify)

a Total expenses and losses per audited a 10 , 518,385 .

. . . ,.

b c 10,518,385 . c

~_ -

', {`,

d

financial statements . . ~ a 9,296, 413 .

Amounts included on line a but not on line 17, Form 990 .

(1) Donated services and use ~ `r of facilities

(2) Prior year adjust- '~ ments reported on line 20, Form 990 . $

(3) Losses reported on line 20, Form 990. . . $ ~ h

fi (4) Other (specify) : ' .

`4' b c 9, 296, 413 .

x { . r

Add amounts on lines (1) through (4) Line a minus line 6

Amounts included on line 12, Form 990 but not on line a :

(1) Investment expenses not included on line 6b, Form 990 $

(2) Other (specify)

Add amounts on lines (1) and (2) ~ d

Total expenses per line 17, Form 990 line c plus line d ~ e 9,296,413 . ee5 (List each one even if not com ensated, see instructions

(C) Compensation (D) Contributions to (E) Expense (if not paid, employee benefit account and other enter -0-) plans and deferred allowances

compensation

374,728 . 7 , 014 . 0 .

Add amounts on lines (1) and (2)

Total revenue per line 12, Form e 1 10,518,385 .1' Trustees, and Key EmE (B) Title and average hours

per week devoted to position

e

(A) Name and address

See Statement 16 ----------------------

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

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

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

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

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

TEEA0104L 01/07/05

c

d

(1) Investment expenses not included on line 6b, Form 990 $

(2) Other (specify)

Add amounts on lines (1) through (4) Line a minus line b

Amounts included on line 17, Form 990 but not on line a :

75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your organization and all related organizations, of which more than $10,000 was provided by the related organizations? - E] Yes Pfl No If 'Yes,' attach schedule - see instructions

BAA Form 990 (2004)

S ALTOS 94-1527492 5 instructions r

X X

X N 'A

.X

X

80a Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc, to any other exempt or nonexempt organization? 80a

b If 'Yes,' enter the name of the organization I- N/A - - ---- - - _ _ _ _ _ _ _ _ _ _ _ - _ - _ _ _ _ _ _ _ _ _ _ --- and check whether it is - D exempt or nonexempt

81 a Enter direct and indirect political expenditures See line 81 instructions 81 a 0 . b Did the organization file Form 1120-POL for this years . . . . . . 81 b

TEEA0105L 01/07/05

76 Did the organization engage in any activity not previously reported to the IRS If 'Yes,' attach a detailed description of each activity . . . 76

77 Were any changes made m the organizing or governing documents but not reported to the IRS? . . 77 It 'Yes,' attach a conformed copy of the changes

78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? 78a b If 'Yes,' has it filed a tax return on Form 990-T for this years . . 786

79 Was there a liquidation, dissolution, termination, or substantial contraction during the years If 'Yes,' attach a statement . . . . 79

No

82 a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value? . . 82a X

b If 'Yes,' you may indicate the value of these items here . Do not include this amount as revenue in Part I or as an expense in Part II . (See instructions in Part III .) . . . 82b N/A

83a Did the organization comply with the public inspection requirements for returns and exemption applications 83a X b Did the organization comply with the disclosure requirements relating to quid pro quo contributions 83b X

84a Did the organization solicit any contributions or gifts that were not tax deductibles . . 84a X

b If 'Yes,' did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible . . . . . . 84b N A

85 501(c)(4), (5), or (6) organizations a Were substantially all dues nondeductible by members? 85a N A b Did the organization make only in-house lobbying expenditures of $2,000 or less . . . . 85b N A

If 'Yes' was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year,

c Dues, assessments, and similar amounts from members . . 85c N/A d Section 162(e) lobbying and political expenditures 85d N/A e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices 85e N/A f Taxable amount of lobbying and political expenditures (line 85d less 85e) 85f N/A g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? 85 N ~A

h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? . . . . . . 85h NIA

86 501(c)(7) organizations . Enter : a Initiation fees and capital contributions included on line 12 . . . 86a N/A

b Gross receipts, included on line 12, for public use of club facilities . . . 86b N/A 87 501(c)(12) organizations . Enter : a Gross income from members or shareholders 87a N/A

b Gross income from other sources . (Do not net amounts due or paid to other sources against amounts due or received from them .) 87b N/A a~

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 .7701-2 and 301 7701-3? If 'Yes,' complete Part IX . . . . . 88 X

89a 501(c)(3) organizations, Enter . Amount of tax imposed on the organization during the year under :

section 4911 ~ 0 . ; section 4912 ~ 0 . ; section 4955 ~ 0 .

b 501(c)(3) and 501(c)(4) organizations Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If 'Yes,' attach a statement explaining each transaction . . . . . . . . 89b X

c Enter . Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 . . 110~ 4

d Enter' Amount of tax on line 89c, above, reimbursed by the organization . . . . . . ~ 0 . 90a List the states with which a copy of this return is filed I- CALIFORNIA

b Number of employees employed in the pay period that includes March 12, 2004 (See instructions ) I 90bj 93 91 The books are m care of - SHARON WHITE Telephone number ~ 650-941-2828 _--_-__

located at m- 327 FREMONT AVE, LOS ALTOS, CA _- ZIP + 4 - 94024 _- 92 Section 4947(a)(1) nonexempt charitable trusts fling Form 990 in lieu of Form 1047 - Check here N/A 1~

and enter the amount of tax-exempt interest received or accrued during the tax year ~~ 92 I N/A BAA Form 990 (2004)

Form 99~b (2004 CREATIVE CENTER OF LOS ALTOS FP-art Affil Analysis of Income-Producin Activities see instructio

94-1527492 Page 6

Unrelated business income Excluded b section 512, 513, or 514 Note : Enter gross amounts unless (A) (B) (C) (D) Related ,exempt o otherwise indicated Business code Amount Exclusion code Amount function income

93 Program service revenue : a LUNCHROOM REVENUE 13 54 , 287 . b -TUITION 8,899,004 c d e f Medicare/Medicaid payments g fees & contracts from government agencies .

94 Membership dues and assessments . . 95 Interest on savings & temporary cash invmnts 14 532 , 484

96 Dividends & interest from securities 14 277,835 . 7 -1 77 97 Net rental income or (loss) from real estate : ;-~ :_ 77 7, 7 , 7~ ''e

a debt-financed property . . . . b not debt-financed property . . . 16 45 , 632 .

98 Net rental income or (loss) from pers prop . 99 Other investment income 14 17,057 . 100 Gam or (loss) from sales of assets

other than inventory 1 29 , 909 . 155 , 875 101 Net income or (loss) from special events 3 125, 590 . 102 Gross profit or (loss) from sales of inventory 103 Other revenue a

b -FINANCE CHARGES 14 14,666 . c PURCHASE DISCOUNT TAK 1 1 , 068 . d e Y.

104 Subtotal (add columns (B), (D), and (E)) 1,098,528 . ~ 9,054,879 . : . . . , ..'. ...J. .

105 Total (add line 104, columns (B), (D), and (E)) . ~ 10, 153, 407 Note : Line 105 plus line 1d, Part l, should equal the amount on line 12, Part l. PAA-11 Relationship of Activities to the Accomplishment of Exempt Purposes (see instructions) Line No . Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment

of the organization's exempt purposes (other than by providing funds for such purposes) .

1part4X ] Information Regarding T~ (A)

Name, address, and EIN of corporation, partnership, or disregarded entity

N/A

(C)

Nature of activities Total End-of-year income assets

Paid Preparer's Pre-

signature t L~x Z~

parer's Firm's name (or Barcklay & Barcklay,( C . . A.' yours if self-

Use emp loyed), t 1475 N . Broadway #34a-/ Only Z+4. and Walnut Creek, CA 94596 BAA

arses an

B Percentage of ownership interest

" Part X Information Regarding Transfers Associated with Personal Benetit contracts (see instructions . a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? Yes X No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contracts H Yes X No

Note : If 'Yes' to b, file Form 8870 and For instructions Under penalties o

_J-1r I declare that I y fave examined thi eturn, including ac

true, correct, a complete Declaration q/preparer (other `n offic is based o

wm~

Sign - , Here 1 10-

or print name or

OMB No 1545-0047 Organization Exempt Under Section 501(cx3)

(Except Private Foundation) and Section 501(e), 5010, 501(k), 501(n), or Section 4947(ax1) Nonexempt Charitable Trust Supplementary Information - (See separate instructions .)

MUST be completed by the above organizations and attached to their Form 990 or 990-EZ .

2004 Department of the Treasury Internal Revenue Service

Name of the organization CREATIVE CENTER OF LOS ALTOS Employer identification number

94-1527492

MARK GARDNER_----__-_____--__JPRINC . GR . 7-12

50-60 1 SPRINGFIELD, CAMPBELL

MARTIN PROCACCIO JV .PRINC .GR 7-12

50-60 1426 PILAND DRIVE, SAN JOSE

SHEILA SCHMITZ___-----_____-_-TEACHER

3872 DIXON PLACE, PALO ALTO

GILBERT BRADY ______--_____---JPRINC . GR K-6

78,453 .1 3,730 .1 0 . 371 JUANITA WAY

TEEA0401L 07122/04

SCHEdULE A (Form 990 or 990-EZ)

Compensation of the Five Highest Paid Employees Other (See instructions List each one If there are none, enter 'None.')

(a) Name and address of each (b) Title and average employee paid more hours per week

than $50,000 devoted to position

Directors, and Trustees

(c) Compensation (d) Contributions (e) Expense to employee benefit I account and other plans and deferred allowances compensation

3,800 .1 0 .

82 .085 .1 3,730 .1 0 .

80,628 .1 554 .1 0 .

LAURIE WILSON ___-----_____-_-]COLL COUNSELOR

27600 ALTAMONT ROAD, LOS ALTOS HILL 50-60 754-3-9 5 . 120 . 0 .

Total number of other employees paid r over $50,000 37 _

`Rare 1 sF~ : Compensation of the Five Highest Paid Independent Contractors for Professional Services (See instructions List each one (whether individuals or firms) . If there are none, enter 'None ')

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation

FRANCISCO REYES -- - - - - - - - - - - - - - -

- - - - - - ~ 2326 CALIFORNIA ST . #16, MT VIEW, CA 94040 LANDSCAPE GARDNER

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

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

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

Total number of others receiving over s $50 ,000 for professional services ~I O

1

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ . xSchedule A (Form 990 or 990-EZ) 2004

94-1527492 Page 2 Schedule A (Form 990 or 990-EZ) 2004 CREATIVE CENTER OF LOS AL

Pa~`YH° `' Statements About Activities (see instructions) Yes I No

Provide the following information about the supported organizations . (See instructions

(b) Line number from above (a) Name(s) of supported organization(s)

14 n An organization organized and operated to test for public safety . Section 509(a)(4) . (See instructions ) BAA TEEA0402L 07/27104 Schedule A (Form 990 or Form 990-EZ) 2004

1 During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendum? If 'Yes,' enter the total expenses paid

or incurred in connection with the lobbying activities . 0, $ N/A (Must equal amounts on line 38, Part VI-A, or line i of Part VI-B .) . . . 1

Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A . Other `,r,R organizations checking 'Yes' must complete Part VI-13 AND attach a statement giving a detailed description of the lobbying activities

2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary? (If the answer to any question is 'Yes,' attach a detailed statement explaining the transactions )

a Sale, exchange, or leasing of property? . . . . . . . . . . '2a X

b Lending of money or other extension of credits . . . . . . I 2bl

c Furnishing of goods, services, or facilities? . . . . . . . 2c X

d Payment of compensation (or payment or reimbursement of expenses if more than $1,000) 2d X

e Transfer of any part of its income or assets I 2e1 I X

3a Do you make grants for scholarships, fellowships, student loans, etc? (If 'Yes,' attach an explanation of how you determine that recipients qualify to receive payments ) . . 3a X

b Do you have a section 403(b) annuity plan for your employees . . 3b X

4a Did you maintain any separate account for participating donors where donors have the right to provide advice on the use or distribution of funds? . . 4a X

b Do you provide credit counseling debt management, credit repair, or debt negotiation services? 4b L X

art ~ ~ Reason for Non-Private Foundation Status (see instructions .)

The organization is not a private foundation because it is : (Please check only ONE applicable box .)

5 A church, convention of churches, or association of churches Section 170(b)(1)(A)(i) . 6 X A school . Section 170(b)(1)(A)(ii) . (Also complete Part V ) 7 A hospital or a cooperative hospital service organization . Section 170(b)(1)(A)(iii) 8 A Federal, state, or local government or governmental unit Section 170(b)(1)(A)(v) . 9 ~ A medical research organization operated m conjunction with a hospital Section 170(b)(1)(A)(ui) Enter the hospital's name, city,

and state 10 ~ An organization operated for the benefit of a college or university owned or operated by a governmental unit . Section 170(b)(1)(A)(iv) .

(Also complete the Support Schedule in Part IV-A .)

11a F] An organization that normally receives a substantial part of its support from a governmental unit or from the general public . Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A )

11b FIA community trust . Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A .)

12 F~ An organization that normally receives : (1) more than 33-113% of its support from contributions, membership fees, and gross receipts from activities related to its charitable, etc, functions - subject to certain exceptions, and (2) no more than 33-113% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 . See section 509(a)(2) (Also complete the Support Schedule in Part IV-A )

13 R An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations described in . (1) lines 5 through 12 above, or (2) section 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2) (See section 509(a)(3) )

Schedule A Form 990 or 990-EZ 2004 CREATIVE CENTER OF LOS ALTOS 94-1527492 Page 3 i' 1 L7A= Support Schedule (Complete only if you checked a box on line 10, 11, or 12) Use cash method ofaccounting.

Note : You may use the worksheet in the instructions for converting from the accrual to the cash method of accounting

Calendar year (or fiscal year (a) (b) (c ) (d) (e) beginning in) . . . . ~ 2003 2002 20b1 2000 Total

15 Gifts, grants, and contributions received . (Do not include unusual rants . See line 28 ) N/A

16 Membership fees received

17 Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc, purpose

18 Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organ-ization after June 30, 1975

19 Net income from unrelated business activities not included in line 18

20 Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf

21 The value of services or facilities furnished to the organization by a governmental unit without charge . Do not include the value of services or facilities generally furnished to the public without char ge

22 Other income . Attach a schedule Do not include gain or (loss) from sale of capital assets

23 Total of lines 15 through 22 24 Line 23 minus line 17 25 Enter 11% of line 23 . $ ~26 Organizations described on lines 10 or 11 : a Enter 2% of amount in column (e), line 24 N/A ~ 26a

b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental unit or publicly supported organization) whose total gifts for 2000 through 2003 exceeded the amount shown in line 26a Do not file this list with your return . Enter the total of all these excess amounts ~ 2615

c Total support for section 509(a)(1) test: Enter line 24, column (e) . . . . ~ 26c d Add Amounts from column (e) for lines : 18 19

22 26b 26d e Public support (line 26c minus line 26d total) . . . ~ 26e f Public support percentage (line 26e (numerator) divided by line 26c (denominator)) . ~ 26f

27 Organizations described on line 12 : N/A a For amounts included m lines 15, 16, and 17 that were received from a 'disqualified person,' prepare a list for your records to show the name of, and total amounts received in each year from, each 'disqualified person .' Do not file this list with your return. Enter the sum of such amounts for each year' (2003) ------------ (2002)------------ (2001)------------

(2000) -------------bFor any amount included in line 17 that was received from each person (other than 'disqualified persons'), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 (Include in the list organizations described in lines 5 through 11, as well as individuals ) Do not file this list with your return . After computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year (2003) ------------ (2002)------------(2001)------------ (2000)-------------

c Add' Amounts from column (e) for lines . 15 16 17 20 21 27c

d Add . Line 27a total and line 27b total 27d

e Public support (line 27c total minus line 27d total) ~ 27e f Total support for section 509(a)(2) test' Enter amount from line 23, column (e) 0127f g Public support percentage (line 27e (numerator) divided by line 27f (denominator)) ~ 27 h Investment income percentage line 18, column e numerator divided b line 27f denominator 1-27h

28 Unusual Grants : For an organization described in line 10, 11, or 12 that received any unusual grants during 2000 through 2003, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a beef description of the nature of the grant Do not file this list with your return . Do not include these grants in line 15 N/A

BAA TEEA0403L 07123/04 Schedule A (Form 990 or 990-EZ) 2004

94-1527492 Page 4 Schedule A Form 990 or 990-EZ) 2004 CREATIVE CENTER OF LOS ALTOS P~~tV ; Private School Questionnaire (see instructions .)

(I 'o be completed ONLY by schools that checked the box on line 6 in Part IV)

g Athletic programs? . . . . . . . . . . . .

h Other extracurricular activities . . . . . . 33h X . . . T . : .

If you answered 'Yes' to any of the above, please explain (If you need more space, attach a separate statement

. - _ _ - . . . . . . . . - - . . . . . . . - - _ . . . . . . . - - . . . . . . . . - . . . . K }+~ ~a- ,

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

34a Does the organization receive any financial aid or assistance from a governmental agency . 34a X

b Has the organization's right to such aid ever been revoked or suspended? . 34b X

If you answered 'Yes' to either 34a or b, please explain using an attached statement .

35 Does the organization certify that it has complied with the applicable requirements of sections 4 Ol through 4 05 of Rev Proc 75-50, 1975-2 C.B . 587, covering racial nondiscrimination? If 'No,' attach an explanation

BAA TEEA0404L 07/23/04 , Schedule A (Form 990 or 990-EZ) 2004

No

29 Does the organization have a racially nondiscriminatory policy toward students by statement m its charter, bylaws, other governing instrument, or in a resolution of its governing body . . . 29 X

30 Does the organization include a statement of its racially nondiscnminatory policy toward students in all its brochures, ~> -catalogues, and other written communications with the public dealing with student admissions, programs, ' and scholarships? . . . . . 30 X

31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media dunng the period of solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known to all parts of the general community it serves . . 31 X

If 'Yes,' please describe ; if 'No,' please explain . (If you need more space, attach a separate statement ) See Statement 18 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -------------------------------------------------------------------------------------------------------------------

32 Does the organization maintain the following - a Records indicating the racial composition of the student body, faculty, and administrative staff? . . 32a X

b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis? . . . . . . . . . 32b X

c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admissions, programs, and scholarships? . . 32c X

d Copies of all material used by the organization or on its behalf to solicit contributions? 32d X ---: ;;

If you answered 'No' to any of the above, please explain . (If you need more space, attach a separate statement )

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

33 Does the organization discriminate by race in any way with respect to-

a Students' rights or privileges? . . 33a X

b Admissions policies? . . . . . I 33b1 LX

c Employment of faculty or administrative staff? . . . . . . 1 33cl LX

d Scholarships or other financial assistance? . . . . . . . . . . . I 33d LX

e Educational policies? . . . . . . . . . . . . . . . . . 33e X

f Use of facilities? . . . . . . . . 33f X

TEEA0405L 07123/04

Schedule A Form 990 or 990-EZ) 2004 CREATIVE CENTER OF LOS ALTOS 94-1527492 Page 5 P~r~ . 1-A ; Lobbying Expenditures by Electing Public Charities (see instructions .)

(To be completed ONLY by an eligible organization that filed Form 5768) N/A Check 0, a if the organization belong s to an affiliated group Check ~ b if you checked 'a' and 'limited control' provisions apply.

Limits on Lobbying Expenditures Affiliated group To be completed (The term 'expenditures' means amounts paid or incurred )

totals for ALL electing organizations

36 Total lobbying expenditures to influence public opinion (grassroots lobbying 36 37 Total lobbying expenditures to influence a legislative body (direct lobbying) 37 38 Total lobbying expenditures (add lines 36 and 37) . . . 38 39 Other exempt purpose expenditures. . . 39 40 Total exempt purpose expenditures (add lines 38 and 39) 40 41 Lobbying nontaxable amount Enter the amount from the following table - ; = - ,-

If the amount on line 40 is - The lobbying nontaxable amount is - Not over $500,000 . . . 20% of the amount on line 40 Over $500,000 but not over $1,000,000 . . . $100,000 plus 15% of the excess over $500,000 ; Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000,000 41 Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 $1,000,000

42 Grassroots nontaxable amount (enter 25% of line 41) . . . 42 43 Subtract line 42 from line 36 . Enter -0- if line 42 is more than line 35 43 44 Subtract line 41 from line 38 Enter -0- if line 41 is more than line 38 44

Caution: If there is an amount on ether line 43 or line 44, you must file Form 4720. ~i

4 -Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below

See the instructions for lines 45 through 50 )

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (a) (b) (c) (d) (e) (or fiscal year 2004 2003 2002 2001 Total beginning in)

45 Lobbying nontaxable amount

46 Lobbing ceiling amount 150 /o of line 45(e))

47 Total lobbying expenditures

48 Grassroots nontaxable amount ---- --- -- . . . . . R- -P ~ -

49 Grassroots ceding amount (150% of line 48(e)) - _

50 Grassroots lobbying expenditures

Pirt VILB ': Lobbying Activity by Nonelecting Public Charities (For reporting only by organizations that did not complete Part VI-A) (See instructions .) N/A

During the year, did the organization attempt to influence national, state or local legislation, including any Yes No Amount attempt to influence public opinion on a legislative matter or referendum, through the use of

a Volunteers . . b Paid staff or management (Include compensation in expenses reported on lines c through h .) - , c Media advertisements d Mailings to members, legislators, or the public . . e Publications, or published or broadcast statements f Grants to other organizations for lobbying purposes . . g Direct contact with legislators, their staffs, government officials, or a legislative body h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means i Total lobbying expenditures (add lines c through h .)

If 'Yes' to any of the above, also attach a statement giving a detailed description of the lobbying activities . BAA Schedule A (Form 990 or 990-EZ) 2004

52a 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? . lb- F] Yes N No

BAA Schedule A (Form 990 or 990-EZ) 2004

TEEA0406L 11/29/04

Schedule A (Form 990 or 990-EZ) 2004 CREATIVE CENTER OF LOS ALTOS 94-1527492 Page 6 art V1 1-1 Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations (see instructions) 51 Did the reporting 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: Yes No

(i)Cash . . . . . 51 a i X a ii X (ii)Other assets . . . . .

b Other transactions . (i)Sales or exchanges of assets with a noncharitable exempt organization b i X (ii)Purchases of assets from a nonchantable exempt organization . . b ii X (iii)Rental of facilities, equipment, or other assets b iii X (iv)Reimbursement arrangements . . . b iv X (v)Loans or loan guarantees . . b y X (vi)Performance of services or membership or fundraising solicitations . . b vi X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . c 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 an transaction or sharing arrangement, show m column (d the value of the goods, other assets, or services received .

(a) (b) (c) (d) Line no Amount involved Name of noncharitable exempt organization Description of transfers, transactions, and sharing arrangements

biiil 993,950 .IPALO ALTO UNIFIED S .D . (RENTAL OF HIGH SCHOOL CAMPUS

Federal Statements CREATIVE CENTER OF LOS ALTOS

dba PINEWOOD SCHOOL

Statement 1 Form 990, Part I, Line 7 Other Investment Income

17 , 057 . Total $ 17,057 .

Gross Sales Price : 2,537,879 . Cost or Other Basis : 2,382,004 .

Other Assets

35,000 . 49,180 . 31,967 .

Gain (Loss) 17,787 .

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

3,500 . 26,430 . 26,430 .

2004 Client 2390 11/11/05

AEI ACCREDITED INV FD-K-1 . .

Statement 2 Form 990, Part I, Line 8 Net Gain (Loss) from Noninventory Sales

Publicly Traded Securities

Page 1 94-1

03 :35PM

Total Gain (Loss) Publicly Traded Securities $ 155,875 .


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


2001 LEXUS LS340 4/07/2001

Purchase 7/01/2004

CONDOMINIUM - UTAH - SEE FOOTNOTE #1 12/31/1997 Purchase 12/01/2004

135,347 . 112,379 .

Gain (Loss) 22,968 .

ABANDONED WORTHLESS FURN & EQUIP Various Purchase 7/01/2004

0 . 143,927 . 130,642 .

Gain (Loss) -13,285 .

1995 FORD VAN-1 8/30/1995

Purchase 4/13/2005

2004 Federal Statements CREATIVE CENTER OF LOS ALTOS

Client 2390 dba PINEWOOD SCHOOL 11/11/05

Statement 2 (continued) Form 990, Part I, Line 8 Net Gain (Loss) from Noninventory Sales


400 . 1,649 . 440 .

-809 . Gain (Loss)

Statement 4 Form 990, Part I, Line 20 Other Changes in Net Assets or Fund Balances

$ 1 , 212 . Total 1,212 .

NET ENDOWMENT FUND ACTIVITY . . .


VIDEO CAMERA 8/21/2002

Purchase

STOLEN 1,266 . 2,095 .

577 .

IBOOK COMP - MIDDLE 9/27/2002

Purchase 5/31/2005

Gain (Loss)

Gain (Loss)

Page 21 94-1527492

03:35PM

3,500 .

-252 .

Total Gain (Loss) Other Assets 29,909.

Total Net Gain (Loss) From Noninventory Sales $ 185,784 .

Statement 3 Form 990, Part I, Line 9 Net Income (Loss) from Special Events

Less Less Net Gross Contri- Gross Direct Income

Special Events Receipts butions Revenue Expenses (Loss)

DINNER AUCTION 157,520 . 0 . 157,520 . 37,496 . 120,024 . GOLF TOURNANMENT & AUCTION 39,473 . 0 . 39,473 . 33,907 . 5,566 .

Total $ 196, 993 . $ 0 . $ 196, 993 . $ 71,403, $ 125,590 .

Statement 6 Form 990, Part II, Line 43 Other Expenses

(A) (B) (C) (D) Program Management

Total Services & General Fundraising

ADVERTISING 11,138 . 11,138 . ARCHITET FEES 4,038 . 4,038 . AUTOMOBILE 7,347 . 7,347 . BAD DEBTS 60,153 . 60,153 . BANK CHARGES 7,832 . 7,832 . CITY & COUNTY FEES 106 . 106 . COMPUTER CONSULTANTS 10,662 . 9,596 . 1,066 .

2004 Federal Statements Page 3 CREATIVE CENTER OF LOS ALTOS

Client 2390 dba PINEWOOD SCHOOL 94-1527492 11/11/05 03~35PM

Statement 5 Form 990, Part II, Line 22 Grants and Allocations

Cash Grants and Allocations

Class of Activity : ACADEMIC SCHOLARSHIP Donee's Name : RITIKA PURI Donee's Address : 1354 FRANCHERE PLACE

SUNNYVALE, CA94087 Relationship of Donee : STRANGER Amount Given : $ 1,500 .

Class of Activity : ACADEMIC SCHOLARSHIP Donee's Name : ADRIAN AMARAL Donee's Address : 2310 PALO VERDE WAY

EAST PALO ALTO, CA 94303 Relationship of Donee : STRANGER Amount Given : 1,000 .

Class of Activity : ACADEMIC SCHOLARSHIP Donee's Name : MIKE CHAN Donee's Address : 1053 TULANE DRIVE

MOUNTAIN VIEW, CA 94040 Relationship of Donee : STRANGER Amount Given : 1,000 .

Class of Activity : ACADEMIC SCHOLARSHIP Donee's Name : JOSH RASKOFF Donee's Address : 1769 ESCALANTE WAY

BURLINGAME, CA 94010 Relationship of Donee : STRANGER Amount Given : 1,000 .

Class of Activity : ACADEMIC SCHOLARSHIP Donee's Name : KEITH SCHIKORE Donee's Address : 1350 FORRESTAL AVENUE

SAN JOSE, CA 95110 Relationship of Donee : STRANGER Amount Given : 1,000 .

Total Grants and Allocations

Receivables Reported Separately Balance Due

$ 300,000 .

Borrower's Name : RICHES GROUP OF COMPANI Borrower's Title : PLEASE SEE FOOTNOTE #3 Date of Note : 7/01/2003 Repayment Terms : INT MTHLY/60 DAY DEMAND Interest Rate : 7 .50% Security Provided : COMPANY INVENTORY


Client 2390 dba PINEWOOD SCHOOL 94-1527492 11/11/05 03:35PM

Statement 6 (continued) Form 990, Part II, Line 43 Other Expenses

(A) (B) (C) (D) Program Management

Total Services & General Fundraising--

CONSULTATION-EDUCATION 20,273 . 20,273 . CONTINUING EDUCATION 32,749 . 32,749 . DUES AND SUBSCRIPTIONS 8,184 . 8,184 . FINGERPRINTING 1,112 . 1,112 . FOREIGN TAXES WITHHELD 9,699 . 9,699 . HEALTH TESTING & CPR TRAINING 1,865 . 1,865 . INSURANCE 142,548 . 128,294 . 14,254 . INVESTMENT ADVISORY FEES 57,532 . 57,532 . JANITORIAL SERVICE AND SUPPLIE 42,391 . 38,152 . 4,239 . LUNCHROOM EXPENSES 65,756 . 65,756 . MISCELLANEOUS 1,141 . 1,027 . 114 . OFFICE EXPENSE AND SUPPLIES 122,295 . 122,295 . PRINTING & POSTAGE 62,128 . 55,915 . 6,213 . REAL ESTATE CONSULTANTS 74,354 . 74,354 . REAL ESTATE INVESTMENT EXPENSE 26,890 . 26,890 . REPAIRS AND MAINTENANCE 214,570 . 193,113 . 21,457 . SCHOOL EXPENSES 94,463 . 94,463 . SCHOOL SUPPLIES 452,497 . 452,497 . STUDENT ACTIVITY EXPENSES 81,331 . 81,331 . STUDENT TRAVEL EXPENSES 51,370 . 51,370 . TAXES & LICENSES-BUSINESS 841 . 841 . TAXES & LICENSES-DMV 327 . 327 . TAXES & LICENSES-PROPERTY 169,215 . 169,215 . TEACHER ACTIVITY EXPENSES 10,554 . 10,554 . TEACHER TRAVEL 1,843 . 1,843 . UTILITIES 72,659 . 65,393 . 7 , 266 .

Total $ 1,919,863 . L 1,543,186 . 376,677 . $ 0 .

Statement 7 Form 990, Part IV, Line 50 Receivables Due from Officers, Directors, Trustees, and Key Employees

Borrower's Name : RICHES GROUP OF COMPANI Borrower's Title : PLEASE SEE FOOTNOTE #3 Date of Note : 2/27/2003 Repayment Terms : INT MTHLY/60 DAY DEMAND Interest Rate : 7 .50% Security Provided : COMPANY INVENTORIES Purpose of Loan : OPERATIONAL CASH Consideration : SECURED BY INVENTORY Original Amount : $ 300,000 . Balance Due :

RPreivables Reported Separately Balance Due

Purpose of Loan : OPERATIONAL CASH Consideration : SECURED BY INVENTORY Original Amount : $ 650,000 . Balance Due : $ 650,000 .

Total Receivables Reported Separately $ 950, 00 .

Statement 8 Form 990, Part IV, Line 51 Other Notes and Loans Receivable

Borrower's Name : JUAM MORENO Borrower's Title : Date of Note : 4/13/2005 Maturity Date : 5/05/2006 Repayment Terms : $/MO 200 Interest Rate : Security Provided : 1995 FORD VAN Purpose of Loan : SALE/PURCH SCHOOL VAN Borrower Relationship : STRANGER Consideration : Consideration FMV : Original Amount : $ 2,500 . Balance Due : Doubtful Acct . Allow . :

$ 2,100 . $ 0 .

Total Net Receivables $ 2,100 .


Client 2390 dba PINEWOOD SCHOOL 94-1527492

11/11/05 03:35PM

Statement 7 (continued) Form 990, Part IV, Line 50 Receivables Due from Officers, Directors, Trustees, and Key Employees

Notes and Loans Reported Separately Borrower's Name : KEN CHUNG Borrower's Title : Date of Note : 6/04/1997 Maturity Date : 6/04/1998 Repayment Terms : $800/M0 .-BALLOON IN 12 Interest Rate : Security Provided : Purpose of Loan : PAYM'T PAST DUE TUITION Borrower Relationship : PARENT FORMER STUDENT Consideration : Consideration FMV : Original Amount : $ 46,328 . Balance Due : Doubtful Acct . Allow . :

Doubtful Accounts

Balance Due Allowance

$ 0 . $ 0 .

Total Notes and Loans Reported Separately $ 2,100 . $ 0 .

Accum . Book Category Basis Deprec . Value

Automobiles / Transportation Equipment $ 144,641 . $ 80,195 . $ 64,446 . Furniture and Fixtures 586,215 . 330,485 . 255,730 . Machinery and Equipment 406,293 . 231,851 . 174,442 . Buildings 1,962,087 . 1,777,747 . 184,340 . Improvements 2,512,990 . 428,168 . 2,084,822 . Land 30,931 . 30,931 . Miscellaneous 8 070 . 4 , 368 . 3,702 .

Total ,651,227. 2,852,814 . $ 2,798,413 .

2004 Federal Statements Page CREATIVE CENTER OF LOS ALTOS

Client 2390 dba PINEWOOD SCHOOL 94-15274 11/11/05 03 35PM

Statement 9 Form 990, Part IV, Line 54 Investments - Securities

Valuation Corporate Stocks Method Amount

BROKER STATEMENTS ATTACHED Cost $ 19,848,450 .

Total X9,848,450 .

Total Investments - Securities 19,848,45

Statement 10 Form 990, Part IV, Line 55b Investments - Land, Buildings, and Equipment

Accum . Book Category Basis Deprec . Value

Land $ 20,506,817 . $ 20,506,817 . Total $ 20,506,817 . $ 0 . $ 20,506,817 .

Statement 11 Form 990, Part IV, Line 56 Investments - Other

Valuation Book Description of Investment Method Value

AEI ACCREDITED INVESTOR FD 02/73-1640925 Cost $ 989,790 . Total $ 989,790 .

Statement 12 Form 990, Part IV, Line 57 Land, Buildings, and Equipment

Federal Statements CREATIVE CENTER OF LOS ALTOS

dba PINEWOOD SCHOOL

CONSTRUCTION IN PROGRESS

$ 770,200 . 980 .

Total $ 771,180 .

ACCRUED EXPENSES PAYROLL TAXES & BENEFITS . .

L .V . RICHES, JR . Chairman/Dir 50,000 . 0 . 0 . 10410 W . LOYOLA DRIVE 20 LOS ALTOS, CA 94022

KATHLEEN PICKETT CURRIC ADV/Dir 79,275 . 1,628 . 0 . 24555 BELLA LADERA DRIVE 40 LOS ALTOS HILLS, CA 94024

DENNIS RICHES Director 50,000 . 0 . 0 . 27874 VIA CORITA WAY 20 LOS ALTOS HILLS, CA 94022

12004 Client 2390 11/11/05

Statement 13 Form 990, Part IV, Line 58 Other Assets

Statement 14 Form 990, Part IV, Line 64b Mortgages and Other Notes Payable

Mortgages Payable

COMERICA BANK (SEE FOOTNOTE #5)

Statement 15 Form 990, Part IV, Line 65 Other Liabilities

Page 94-1527492 35p M

0

7_ 3:35PM

$ 1,750,394 . Total $ 1,750,394 .

Balance Due $ 10,500,000 .

Total 10,500,000 .

Statement 16 Form 990, Part V 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

L . VICTOR RICHES Chairman/Deed $ 17,700 . $ 0 . $ 0 . 10 SYLVIAN WAY 5 LOS ALTOS, CA 94022-2251

CREATIVE CENTER OF LOS ALTOS :DBA PINEWOOD SCHOOLS, ADVERTISES IN INSTITUTIONAL NEWSPAPERS ABOUT 10 TIMES/YEAR . IN ADDITION, THEY HAVE PRINTED BROCHURES ABOUT THE SCHOOL . ALL ADVERTISING & PROMOTION CONTAINES A NON-DISCRIMINATORY POLICY STATEMENT, AS TO RACE AND OTHER FACTORS .



Statement 16 (continued) Form 990, Part V 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 SCOTT RICHES President/Dir $ 170,453 . $ 5,386 . $ 0

.'1012 CAMPBELL AVENUE 60-70 LOS ALTOS, CA 94024

LAURA BLOTTER Director 7,300 . 0 . 0 . 520 OAK STREET 20 MOUNTAIN VIEW, CA 94041

PLEASE SEE FOOTNOTE 0 . 0 . 0 . None

Total 3 4,7 2 8 . T-7--01-47. 0 .

Statement 17 Form 990, Part VIII Relationship of Activities to the Accomplishment of Exempt Purposes

Line Explanation of Activities 93(A) TUITION INCOME PAYS TEACHERS SALARIES,PLANT & EQUIP . PURCHASES,

ADMINISTRATION 0/H,NECESSARY TO PROVIDE EDUCATION

93(B) LUNCHROOM REVENUE COVERS PART OF COST TO PROVIDE HOT, ON CAMPUS LUNCHES .

94-103 ALL OTHER INCOME ACCUMULATES IN BUILDING FD, TO PURCHASE RENTED HIGH SCH BLDG, IF PROPERTY IS EVER MARKETED, OR TO PURCHASE A REPLACEMENT PROPERTY IF THE SITUATION SO DICTATES .

Statement 18 Schedule A, Part V, Line 31 Explanation

FOOTNOTE #4 : INVESTMENTS - LAND -------------------------------DUE TO THE VERY LOW RETURN ON BANK FUNDS AND INVESTED FUNDS, THE BOARD OF DIRECTORS DECIDED TO INVEST SOME OF THE BUILDING FUNDS IN REAL ESTATE CONSIDERED TO HAVE POTENTIAL FUTURE GROWTH, OR REAL ESTATE THAT COULD HAVE A FUTURE IMPACT UPON THE PRESENT THREE CAMPUSES . AS A RESULT, THE FOLLOWING PROPERTIES HAVE BE PURCHASED :

PURPOSE COST LOCATION

F . 450 COVINGTON, LOS ALTOS 3,925,565 RAW LAND ADJACENT TO LOWER CAMPUS

$20,506,817 TOTAL

2004 Federal Supplemental Information Page 1 CREATIVE CENTER OF LOS ALTOS


FOOTNOTE #1 :SALE OF UTAH PROPERTY ---------------------------------THE SCHOOL OWNED SEVERAL CONDOMINIUMS IN UTAH AS A RESULT OF HAVING TO FORECLOSE ON A REAL ESTATE LOAN . THE LAST UNIT WAS SOLD IN DECEMBER 2004 .

FOOTNOTE #2 : REGARDING OFFICERS' COMPENSATION -----------------------------------------TWO OF THE OFFICERS /DIRECTORS WORK ON A DAILY BASIS AT THE SCHOOLS AS THEIR REGULAR JOB/PROFESSION . THEIR COMPENSATION IS A COMBINATION OF THEIR SALARY AND THEIR STIPEND AS A MEMBER OF THE BOARD OF DIRECTORS . EACH MEMBER OF THE BOARD HAS A JOB AS A BOARD MEMBER IN MANAGING THE PHYSICAL AND FINANCIAL AFFAIRS OF THE SCHOOLS .

FOOTNOTE #3 : REGARDING NOTES RECEIVABLE-RICHES GROUP OF COMPANIES -------------------------------------------------------------

RICHES GROUP OF COMPANIES OPERATES A VERY SUCCESSFUL HOME AND GARDEN SUPPLY BUSINESS IN THE SANTA CLARA VALLEY . THE COMPANY, LOS ALTOS GARDEN AND SUPPLY, HAS BEEN IN BUSINESS FOR OVER 40 YEARS AND CATERS TO PROFESSIONAL LANDSCAPERS AS WELL AS THE RETAIL PUBLIC . IT IS MAJORITY OWNED BY TWO MEMBERS OF THE CREATIVE CENTER BOARD OF DIRECTORS . THE $300,000 AND $650,000 LOANS TO RICHES GROUP OF COMPANIES WERE EXECUTED TO INCREASE THE RETURN ON CREATIVE CENTER'S BUILDING FUND INVESTMENTS WHILE BANK INTEREST RATES ARE SO LOW . THE RATE OF INTEREST IS AT THE SAME RATE OFFERED TO RICHES GROUP OF COMPANIES,INC BY IT'S MAJOR SHORT TERM LENDING BANK . THE COLLATERAL, THE BUSINESS'S INVENTORY, HAS A FAIR MARKET VALUE IN EXCESS OF $4,000,000, OVER FOUR TIMES THE FACE AMOUNT OF THE NOTES .

A . 405 FREMONT ST, LOS ALTOS $ 1,350,997 INVESTMENT

B . WOODLAND, UTAH 2,712,925 INVESTMENT-RAW LAND

C . SIMPSON RANCH, UTAH 581,000 INVESTMENT/POSSIBLE FUTURE EXTENDED SUMMER CAMPUS

D . ELOY, ARIZONA 935,350 INVESTMENT-RAW LAND

E . 13902 CAMPO VISTA,LOS ALTOS 10,999,980 7 ACRES-POTENTIAL SITE FOR NEW HIGH SCHOOL CAMPUS

Federal Supplemental Information CREATIVE CENTER OF LOS ALTOS

dba PINEWOOD SCHOOL Client 2390 iiiiii

94-1527492 03 35PM

THE MIDDLE CAMPUS OCCUPIES PROPERTY OWNED BY THE RICHES CHARITABLE REMAINDER UNITRST, THE LIFETIME BENEFICIARY OF WHICH IS L .VICTOR RICHES, SR ., THE LATE FORMER CHAIRMAN OF THE BOARD OF TRUSTEES FOR THE SCHOOL . THE REMAINDER BENEFICIARY IS CREATVE CENTER OF LOS ALTOS . THE RENTS PAID DURING THE 2004/2005 YEAR AMOUNTED TO $107,336 FOR EIGHT MONTHS UNTIL HIS PASSING IN MARCH 2005 .

2004 Page 2

FOOTNOTE #5 : MORTGAGE NOTE PAYABLE/COMERICA BANK ------------------------------------------------

THE REAL ESTATE MORTGAGE THROUGH COMERICA BANK WAS TAKEN OUT IN CONJUNCTION WITH THE PURCHASE OF 13902 CAMPO VISTA, LOS ALTOS . THE INTEREST RATE ON THE LOAN WAS LESS THAN THE RETURN ON THE SCHOOL'S REMAINING CASH AND INVESTMENTS SO THE PROPERTY WAS PURCHASED USING A $500,000 DOWN PAYMENT AND THE MORTGAGE LOAN .

SECURITY : 13902 CAMPO VISTA, LOS ALTOS REPAYMENT TERMS : FOUR YEARS ; PREPAY AT WILL :PREPAYMENT PENALTY DURING LIBOR TERM : NO

PREPAY PENALTY BETWEEN EACH LIBOR TERM PURPOSE : PURCHASE POTENTIAL SITE FOR NEW HIGH SCHOOL CAMPUS DESCRIPTION OF CONSIDERATION :? ACRES IN LOS ALTOS HILLS ORIGINAL AMOUNT : $10,500,000 BEGINNING AMOUNT :$10,500,000 ENDING AMOUNT : $10,500,000 FMV OF PROPERTY : $11,000,000 (COST) DATE OF NOTE : 12/27/2004 MATURITY DATE : 12/27/2008 INTEREST RATE : 30 DAY LIBOR PLUS 1 .3% ;ADJUST MONTHLY (4 .44% @ 6/30/05))

FOOTNOTE #6 :LEASING OF PROPERTY FROM OFFICER/TRUSTEE ----------------------------------------------------

6130105 2004 Federal Book Depreciation Schedule Page 1 CREATIVE CENTER OF LOS ALTOS "

Client 2390 dba PINEWOOD SCHOOL 94-152749 11/11/05 03:35Pfv

Prior Cur Special 179/ Prior Salvage

Date Date Cost/ Bus 179 Depr . Bonus/ Dec Bal . /Basis Depr Prior Current Qasrnnhnn ArnIIIfPd Sold Races Prt- Rnniic Allnw- Cp- QP;nr nPpf Rediir}n Basis ~n ;nrMethnd _Lifp_ Ratr Dp,pr-

Form 990/990-PF

Auto / Transport Equipment

175 1995 FORD VAN-1 8/30/95 4/13/05 26,430 26,430 26,430 S/L 5 0

176 1995 FORD VAN-2 8/22/95 26,430 26,430 26,430 S/L 5 0

203 1995 AVALON 11/19/97 21,500 21,500 21,500 S/L 5 0

298 2001 ACURA 3.2 TL 1/22/01 32,913 32,913 22,492 S/L 5 6,583

485 2 FORD VANS 4/08/05 63,798 63,798 S/L 5 3,190

Total Auto / Transport Equipment 171,071 0 0 0 0 0 171,011 96,852 9,773

Buildings

160 ADDITION #1 12/31/66 11,796 17,796 17,796 S/L 20 0

161 ADDITION #2 1/01/74 11,287 17,287 17,281 S/L 20 0

162 ADDITION #3 1/01/80 46,689 46,689 46,584 S/L 20 0

163 CARPETING 11/30/89 2,049 2,049 2,049 S/L 5 0

164 ART BARN 12/31/78 14,060 14,060 14,060 S/L 20 0

165 APRICOT SCHOOL-LAND 10/01 /85 184,235 184,235 S/l 5 0

166 APRICOT SCHOOL-BUILDING 10/01/85 552,709 552,709 552,109 S/L 20 0

167 CARPET - APRICOT SCHOOL 11/30/89 1,101 1,101 1,101 S/L 5 0

168 CLASSROOM-UPPER CAMPUS 4/01/85 100,012 100,012 100,029 S/L 20 0

169 UPPER CAMPUS-GYM 4/01/86 1,009,462 1,009,462 1,009,445 S/L 15 0

170 UPPER CAMPUS-GYM #1 8/31/87 8,100 8,700 8,700 S/L 14 0

171 UPPER CAMPUS-GYM #2 8/31/89 213 213 213 S/L 5 0

112 UPPER CAMPUS-GYM #3 5/01/89 804 804 804 S/L 5 0

173 UPPER CAMPUS-GYM #4 10/09/89 6,910 6,970 6,970 S/L 15 0

Total Buildings 1,962,087 0 0 0 0 0 1,962,087 1,171,747 0

2004 Federal Book Depreciation Schedule CREATIVE CENTER OF LOS ALTOS

dba PINEWOOD SCHOOL

Page 94-152749.

6130105 Client 2390 11111/05


Date Date Cost/ Bus 179 Depr . Bonus/ Dec Bal. /Basis Depr . Prior Current Dacrnptinn Arqinrrrl Sold RnCIS Pct- Roniis Allow 1p nPpr nPnrRPdiirtn Rants nP;nr MPthOCI ,LIL Rata ~anr_

Furniture and fixtures

17 STUDENT LOCKERS-HIGH SCHL 3/31/90 7,085 1,085 7,085 S/L 10

18 PARTITIONS/H SCHL OFFICE 6/30/90 20,801 20,801 20,801 S/L 10

21 DESKS 8/31/90 319 379 368 S/L 10

26 FREEZER 5/31/91 615 615 615 S/L 10

29 STORAGE CONTAINERS 6/30/91 3,897 3,897 3,838 S/L 10

32 BULLETIN BOARD 7/31/91 95 95 95 S/L 10

33 MISC 7/31/91 913 973 957 S/L 10

34 FILE CABINET 7/31/91 276 276 260 S/L 10

37 2 M6NT CHAIRS 8/23/91 830 830 830 S/L 10

39 STORAGE CABINETS 9/09/91 180 780 780 S/L 10

41 FURNITURE & DIVIDERS 11/12/91 1,990 1,990 1,990 S/L 10

42 BENCHES 11/27/91 792 792 792 S/L 10

43 MISCELLANEOUS 12/31/91 238 238 238 S/L 10

44 VARIOUS 12/31/82 50,531 50,531 50,531 S/L 5

45 CHEM LAB CABINETS 9/02/83 6,783 6,783 6,783 S/L 10

46 BLINDS FOR GYM 1/31/86 546 546 546 S/L 5

47 ROLLING SERVICE TABLE 3/31/86 255 255 255 S/L 5

48 CLOCK FOT STUDENT UNION 3/31/86 180 180 180 S/L 5

49 FURNITURE FOR STD UNION 3/31/86 7,500 7,500 1,500 S/L 5

50 TABLE FOR STUDENT UNION 4/30/86 7,667 7,667 1,667 S/L 5

51 THEATER BLINDS 9/30/86 1,105 1,105 1,105 S/L 5

52 CARPET 9/30/86 1,390 1,390 1,390 S/L 5

53 THEATER-BLINDS 10/31/86 550 550 550 S/L 5

55 FURNITURE 5/31/87 377 377 377 S/L 5

56 REFREIERATOR 6/30/87 882 882 844 S/L 10

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0


Date Date Cost/ Bus . 179 Depr . Bonus/ Dec . Bal /Basis Depr Prior Current Desrriptinn Acquired Snld Basis Pct Bonus Allnw Sp Danr_ nP,pr RPdurtn Basis Denr Method _L&_ Rate nPpr

58 LIBRARY CIRCLE DESK 8/31/87 3,649 3,649 3,606 S/L 10

60 STUDENT CHAIRS 9/30/87 943 943 943 S/L 10

61 BOOKCASE 10/31/81 164 164 125 S/L 10

62 CHAIRS 11/30/87 400 400 363 S/L 10

63 CHARIS FOR STUIDENTS 11/30/87 672 672 672 S/L 10

64 VARIOUS DESKS 12/31/87 525 525 483 S/L 10

66 OFFICE PARTITION 1/31/88 1,927 1,921 1,927 S/L 10

69 NEW BOOKCASE 6/30/88 164 164 121 S/L 10

70 LUNCH TABLES 6/30/88 2,042 2,042 2,023 S/L 10

71 TABLES & DESKS 7/31/88 155 155 127 S/L 10

73 DESK 8/31/88 361 361 361 S/L 10

75 LIBRARY DESK 9/30/88 397 391 366 S/L 10

77 DISHWASHER 1/31/89 438 438 438 S/L 10

83 STUDENT DESKS & CHAIRS 3/31/89 2,319 2,319 2,291 S/L 10

85 FILE CABINETS 6/30/89 766 766 729 S/L 10

88 OFFICE LOCKERS 9101/81 9,600 9,600 9,600 S/L 10

90 STAGE LIGHTS 1/14/92 3,569 3,569 3,569 S/L 10

91 MICROWAVE OVENS (2) 1/31/92 390 390 377 S/L 10

96 FIREPROOF FILE 3/31/92 449 449 449 S/L 10

97 DISPLAY CASE 6/21/92 621 621 621 S/L 10

99 BOOKSHELVES 1/20/92 660 660 660 S/L 10

100 COMPUTER TABLES 7/31/92 416 416 396 S/L 10

101 BOOK SHELVES 7/31/92 504 504 492 S/L 10

109 DISHWASHER-HOTPOINT 3/05/93 329 329 310 S/L 5

110 FREEZER 5/21/93 649 649 649 S/L 5

111 MODULAR OFFICE FURNITURE 5/17/93 1,523 1,523 1,523 S/L 10


6130105 2004 Federal Book Depreciation Schedule Page CREATIVE CENTER OF LOS ALTOS

Client 2390 dba PINEWOOD SCHOOL 9415274

11/11/05 0335

6130105 2004 Federal Book Depreciation Schedule CREATIVE CENTER OF LOS ALTOS

Client 2390 dba PINEWOOD SCHOOL

11/11/05

94-1


Date Date Cost/ Bus. 179 Depr. Bonus/ Dec Bal. /Basis Depr Prior Current 112- DPSrnptinn Acquired Sold Basis _Ed_ Room, Allow S]DPnrnanrRndiirtn Basis DeprMathnd Jjfp_ Rate Dppr

114 40 STACKING CHAIRS 7/27/93 1,415 1,415 1,415 S/L 10


116 STUDENT LOCKERS 11/16/93 6,948 6,948 6,948 S/L 10

118 REFRIGERATOR 6/23/94 709 709 676 S/L 10

119 REFRIGERATOR 7/01/94 1,195 1,195 1,140 S/L 10

120 ELECTRIC STOVE 9/26/94 368 368 341 S/L 10

121 REFRIGERATEOR-UPPER 2/09/95 539 539 476 S/L 10

125 SCIENCE TABLE/BOOKCASES 10/19/95 1,710 1,710 1,396 S/L 10

126 REFRIGERATORS (2) 11/07/95 1,362 1,362 1,110 S/L 10

127 PIANO 4/30/95 6,062 6,062 5,256 S/L 10

130 PICNIC TABLES (12) 12/31/95 3,453 3,453 2,760 S/L 10

131 CHAIR 12/31/95 1,041 1,041 832 S/L 10

132 CABNITS-UPPER 12/31/95 934 934 744 S/L 10

180 DESKS (12) 5/30/96 1,225 1,225 984 S/L 10

181 OAK BOOKCASES (6) 6/30/96 1,293 1,293 1,032 S/L 10

182 STORAGE BIN 7/10/96 980 980 784 S/L 10

183 LIBRARY CHAIRS 8/29/96 336 336 266 S/L 10

184 DESK,RETURN, FILE DRAWER 9/19/96 2,575 2,575 1,999 S/L 10

185 RUG 9/28/96 181 187 147 S/L 10

186 EIGHT SCHOOL DESKS 10/31/96 772 772 590 S/L 10

187 REFRIGERATOR 9/26/96 1,111 1,111 860 S/L 10

188 COMPUTER DESK 10/10/96 214 214 163 S/L 10

189 FACULTY REFRIGERATOR 10/16/96 162 162 123 S/L 10

190 EIGHT TABLE ARM CHAIRS 10/31/96 772 772 590 S/L 10

194 27 PLASTIC STACKING CHAIR 3/07/97 1,743 1,743 1,276 S/L 10

204 N & STORAGE CART 7/21/97 920 920 636 S/L 10

205 DESK 7/25/97 701 701 484 S/L 10

0

0

0

0

0

9

31

171

136

505

345

104

93

123

129

98

34

258

19

71

111

21

16

77

174

92

70

Page

Page 94-152749:

03 35PA


dba PINEWOOD SCHOOL Client 2390

111111 Prior

Cur Special 119/ Prior Salvage Date Date Cost/ Bus. 119 Depr Bonus/ Dec ~,,~ B

N~al . /Basis Depr . Prior ~'~,, Current

- j~(L` Rp,(~j/~jL RaSIC nPnr_ MPthO(1 ~y~ Rate nPpr- Description Acquired Snid RaSIS Prt Rnniis Allow ~+l+

206 LOCKERS 7/28/97 2,727 2,727 1,888 S/L 10 273

201 BASKETBALL EQUIPMENT 8/12/97 1,325 1,325 919 S/L 10 133

208 APPLEVISION COMPUTER 8/15/91 1,796 1,796 1,245 S/L 10 180

209 MONTIORS (4) 9/15/97 1,120 1,120 765 S/L 10 112

210 N & VCR 10/01/97 2,879 2,879 1,944 S/L 10 288

211 COLORDRIVE 10/08/91 695 695 472 S/L 10 70

212 SCIENCE TABLE 10/22/97 1,397 1,397 933 S/L 10 140

213 OESKJET PRINTER 10/29/97 226 226 153 S/L 10 23

214 VIDEO FLEXCAM 11/24/97 438 438 290 S/L 10 44

215 DIGITAL PIANO 12/16197 3,128 3,128 2,034 S/L 10 313

216 WALL OVEN 1/08/98 819 819 533 S/L 10 82

217 PANASONIC MONITOR 2/16/98 351 351 222 S/L 10 35

218 VCR (2) UPPER 3/25/98 260 260 163 S/L 10 26

219 COMPUTERS (29)HIGH SCHOOL 6/19/98 52,338 52,338 31,404 S/L 10 5,234

226 APPLE COMPUTER-UPPER 5CH 7/02/98 4,038 4,038 2,424 S/L 10 404

227 APPLE COMPUTER 7/13/98 4,443 4,443 2,664 S/L 10 444

228 TABLES & STOOLS 7114/98 2,617 2,611 1,572 S/L 10 262

229 MONITORS & RAM 7/14/98 1,370 1,370 822 S/L 10 137

230 APPLE COMPUTER 7/15/98 550 550 330 S/L 10 55

231 REFRIDGERATOR 7/24/98 698 698 414 S1L 10 10

232 CLASSROOM STOOLS 8/05/98 523 523 308 S/L 10 52

233 VCR-UPPER SCHOOL 9/10/98 120 120 70 S/L 10 12

234 UTILITY CART 9/22/98 189 189 109 S/L 10 19

235 CD PLAYER 9/28/98 182 182 104 S/L 10 18

236 G3 COMPUTER 10/27/98 2,027 2,027 1,150 S/L 10 203

237 MISCELLANEOUS 11/03/98 407 401 232 S/L 10 41

238 ICE MAKER-UPPER SCHOOL 11/11/98 933 933 527 S/L 10 93

6130105

6130105 2004 Federal Book Depreciation Schedule Page 6 CREATIVE CENTER OF LOS ALTOS

Client 2390 dba PINEWOOD SCHOOL 941527492

11/11/05 03 35PM


Date Date Cost/ Bus . 179 Depr . Bonus/ Dec Bal . /Basis Depr . Prior Current nPSC.fiptinn Af.qIIIfPfI Sold RaSIt Pct Rnnus All(1W S(I DPpf-_ nPpr Rediirtn Rams Qenr Method Lff_- Rate nPpf

239 SONY CD ROM DRIVE 11/12/98 388 388 221 S/L 10 39

240 POWERMACG3 APPLE COMPUTER 2/08/99 1,710 1,710 926 S/L 10 171

241 U99 136-GHE-ALFAX 3/01/99 1,075 1,075 576 S/L 10 108

242 TELESCOPE 4/29/99 2,164 2,164 1,116 S/L 10 216

243 2 PICNIC TABLES 6/16/99 302 302 150 S/L 10 30

245 APPLE COMP(BILL 363549) 7/01/98 2,221 2,221 1,332 S/L 10 222

246 APPLE COMP(BILL 92003 7/09/99 3,749 3,749 1,875 S/L 10 375

248 RAM UPGARDS-UPPER CAMPUS 7/09/99 2,192 2,192 1,095 S/L 10 219

250 APPLE COMP(9200439950) 8/20/99 2,990 2,990 1,445 S/L 10 299

252 HARD DRIVES (2) 9/09/99 422 422 203 S/L 10 42~

253 APPLE FLOPPY DRIVE 10/01/99 414 414 195 S/L 10 41

254 26 SILK SCREEN CHAIRS 10/18/99 1,408 1,408 658 S/L 10 141

255 APPLE COMP(9200543971) 10/21/99 3,082 3,082 1,437 S/L 10 308

257 APPLE FLOPPY DRIVE 11/02/99 193 193 89 S/L 10 19

258 APPLE COMP(9200637020) 11/19/99 2,055 2,055 944 S/L 10 206

259 EXTERNAL FLOPPY DRIVE 1/26/00 96 96 44 S/L 10 10

260 1 MAC COMPUTER 1/28/00 1,021 1,027 455 S/L 10 103

261 2 GIG HARD DRIVE 2/01/00 390 390 172 S/L 10 39

262 NAVY SOLID PLASTIC DESK 1/27/00 2,188 2,188 967 S/L 10 219

264 MAC NETWORK SERVER 3/24/00 4,438 4,438 1,881 S/L 10 444

265 I MAC COMP-MIDDLE CAMPUS 6/20/00 1,406 1,406 564 S/L 10 141

269 EPOXY SCIENCE TABLE 8/03/00 1,620 1,620 635 S/L 10 162

271 DESK (SCOTT) 9/07/00 303 303 115 S/L 10 30

299 BOOKSHELVES-MIDDLE 9/26/01 301 301 83 S/L 10 30

301 OAK SHELVES 10/29/01 301 301 80 S/L 10 30

302 SCIENCE TABLE-UPPER 9/05/01 1,316 1,316 374 S/L 10 132

306 SCH . ACTIVITY TABLE-MIDDL 10/30/01 389 389 104 S/L 10 39

III

6130105 2004 Federal Book Depreciation Schedule Page 7

CREATIVE CENTER OF LOS ALTOS Client 2390 dba PINEWOOD SCHOOL 941527492

11/11/05 03 35PM


I Date Date Cost/ Bus . 179 Depr Bonus/ Dec Bal . /Basis Depr Prior Current p_ Desrriphnn Arn, nr d Sold Rasis PrtRnnus AllnwCn DenrDePr- Rediirtn Rasis DenrMethod Lap_ Rate r)pnr

II 315 TEACHER DESKS-LOWER/MDLE 3/19/02 2,095 2,095 472 S/L 10 210

316 STUDENT DESKS-UPPER 3/22/02 2,462 2,462 554 S/L 10 246

319 BOOK SHELF- LOWER 4/24/02 122 122 26 S/L 10 12

320 TEACHER DESKS- LOWER/MDLE 4/24/02 2,095 2,095 455 S/L 10 210

321 BENCH-UPPER 4/24/02 249 249 54 S/L 10 25

324 BASKETBALL HOOP-LOWER 5/08/02 1,001 1,001 217 S/L 10 100

362 COMPUTER-UPPER CAMPUS 7/11/02 12,118 12,118 2,424 S/L 10 1,212

363 NEW TELEPHONE SYSTEM 7/18/02 34,463 34,463 6,605 S/L 10 3,446

364 STUDENT DESKS-UPPER 8/12/02 2,518 2,518 483 S/L 10 252

365 COMPUTERS-UPPER CAMPUS 8/19/02 9,106 9,706 1,780 S/L 10 971

366 PLAYGROUND EQUIPMENT 8/20/02 38,503 38,503 7,059 S/L 10 3,850

367 VIDEO CAMERA-UPPER 8/21/02 2,095 2,095 385 S/L 10 192

368 SOUND SYSTEM-LOWER 8/21/02 1,993 1,993 365 S/L 10 199

369 APPLE COMP MONITOR-UPPER 8/14/02 1,234 1,234 236 S/L 10 123

371 (BOOK COMP - MIDDLE 9/27/02 5/31/05 1,649 1,649 289 S/L 10 151

312 TEACHER DESK -LOWER 10/04/02 340 340 60 S/L 10 34

373 COMPUTER & PRINTER-UPPER 10/04/02 1,873 1,813 321 S/L 10 181

374 TEACHER DESK - MIDDLE 10/10/02 264 264 46 S/L 10 26

375 88 KEY PIANO 10/14/02 560 560 98 S/L 10 56

376 SCORE TABLE 10/10/02 1,914 1,914 335 S/L 10 191

377 TWO N'S - MIDDLE 10/26/02 649 649 108 S/L 10 65

378 COMPUTER MONITOR 10/30/02 649 649 108 S/L 10 65

379 LAMINATE TABLE 10/31/02 450 450 75 S/L 10 45

380 SHED 11/11/02 2,150 2,150 358 S/L 10 215

381 LCD PROJECTOR 11/13/02 2,371 2,371 395 S/L 10 237

382 APPLE COMPUTER 11/01/02 3,068 3,068 512 S/L 10 307


Page 8 94-1527492



11/11105 Prior

Cur Special 119/ Prior Salvage Date Date Cost/ Bus. 179 Depr. Bonus/ Dec Bal. /Basis Depr. Prior Current

nPCfflptinn Arn,IlIfPfI Snld RmC Pd Rnniis Allow- SpnP+flf nP~f . _ Radiirtn RaSIS Denr Methnd _LLL Rata nPnr

384 TWO DESKS 12/03/02 1,384 1,384 219 S/L 10 138


386 DRAPES-UPPER 2/19/03 1,295 1,295 173 S/L 10 130

381 PRINTER - MIDDLE 2/19/03 866 866 116 S/L 10 87

388 TWO N'S - UPPER 2/25/03 606 606 81 S/L 10 61

389 HP PRINTER - MIDDLE 3/13/03 1,191 1,191 159 S/L 10 119

390 SCANNER/PRINTER- UPPER 5/D6/03 966 966 113 S/L 10 97

391 PLAYGRD STRUCTURE- MIDDLE 5/13/03 47,390 47,390 5,529 S/L 10 4,139


393 APPLE COMPUTER 6/11/03 12,990 12,990 1,299 S/L 10 1,299

394 POSTAGE MACHINE 6/18/03 904 904 90 S/L 10 90


397 4 PORTABLE TABLES - UC 7/01/03 2,640 2,640 S/L 10 264

398 TEN PICNIC TABLES - UC & 7/09/03 2,073 2,073 S/L 10 207

399 SHED - UC 7/23/03 2,268 2,268 S/L 10 227

400 STUDENT DESKS - UC 8/12/03 2,419 2,419 S/L 10 242

401 STAGE CURTAINS - UC 8/27/03 1,589 1,589 S/L 10 159

402 PICNIC TABLES = MC 8/27/03 1,305 1,305 S/L 10 131

403 BOOKSHELVES - MC 8/27/03 452 452 S/L 10 45

404 CUBBIES & BOOKSHELF - UC 9/02/03 1,013 1,013 S/L 10 101

408 2 WHITEBOARDS 9/15/03 684 684 S/L 10 68

415 TABLE & BOARD - MC 10/28/03 1,036 1,036 S/L 10 104

425 FRONT OFFICE DESK - UC 5/14/04 775 775 S/L 10 18

452 WHITEBOARDS 7/07/04 1,316 1,376 S/L 10 138

453 DESK & CHAIR (M GARDNER) 7/08/04 4,333 4,333 S/L 10 433

454 OFFICE DESK - UC 7/16/04 1,775 1,775 S/L 10 163

455 20 CHAIR DESK W/ BOOKRACK 7/30/04 2,259 2,259 S/L 10 207

6130105

6130105 2004 Federal Book Depreciation Schedule Page CREATIVE CENTER OF LOS ALTOS

Client 2390 dba PINEWOOD SCHOOL 94-152749. 11/11105 03.35PP


Date Date Cost/ Bus. 179 Depr Bonus/ Dec. Bal . /Basis Depr Prior Current 171asrnnhnn _9GqllifpfJ_ -Sold RqSIS _Ed_ RnnuZ Allow Sp Dpnr QEprRarliirtn RaCIS nPpfMPtFIfNi -Lfp,- Rate nP,pr

456 STORAGE CADDY & KI CHAIRS 8/02/04 2,606 2,606 S/L 10

457 WABASH VALLEY TABLE 8/11/04 3,502 3,502 S/L 10

459 PROJECTION TABLE 8/30/04 130 130 S/L 10

462 STUDENT DESKS 9/22/04 2,259 2,259 S/L 10

464 BULLETIN BOARD - UC 10/25/04 462 462 S/L 10

466 DELUX LAB STATION 10/28/04 1,442 1,442 S/L 10

467 MARKERBOARD -LC 11/26/04 691 691 S/L 10

469 SHED - MC 12/13/04 3,336 3,336 S/L 10

470 MESSAGE BOARDS 12/13/04 5,857 5,851 S/L 10

475 10 FRAMED STEEL LOCKERS 1/18/05 3,253 3,253 S/L 10

476 STORAGE CADDY & KI CHAIRS 1/25/05 2,606 2,606 S/L 10

478 N CARTS - UC 2/17/05 732 132 S/L 10

479 MESSAGE BOARDS - LC/MC 2/23/05 1,633 1,633 S/L 10

482 LOST & FOUND SHED - MC 5/31/05 472 472 S/L 10

483 LOCKERS (88) - UC 6/16/05 12,389 12,389 S/L 10

484 CHAIRS - UC 6/24/05 899 899 S/L 10

486 TABLES & CHAIRS-MC 8/16/04 1,106 1,106 S/L 10

239

292

11

169

31

96

40

195

342

136

109

24

54

4

0

0

92

39,702 Total Furniture and Fixtures 589,959 0 0 0 0 0 589,959 291,800

Improvements

135 ASPHALT PAVING 8/01/91 6,234 6,234 6,183 S/L 10 0

136 VARIOUS 12/31/83 5,650 5,650 5,650 S/L 5 0

137 BIOLOGY LAB IMPROVEMENT 5/31/84 3,500 3,500 3,500 S/L 10 0

138 SCIENCE ROOM 6/30/84 5,890 5,890 5,890 S/L 10 0

139 LIBRARY 7/31/84 1,000 1,000 1,000 S/L 10 0

140 TENNIS COURTS 7/01/85 96,004 96,004 96,004 S/L 10 0

Page 1( 94152749.

03 35PIN


dba PINEWOOD SCHOOL Client 2390 11/l1/05


Date Date Cost/ Bus. 179 Depr. Bonus/ Dec Bai. /Basis Depr. Prior Current Description Arnmfed Sold RmIS Prt Rnniis Allow- SnDe(Lf- nFpfRediirtn RaSIS nPnr" Method J_LJL Rata nPnr

141 TENNIS COURT FENCE 3/31/86 518 518 518 S/L 10 0

142 FLAG POLE 3/31/86 174 174 174 S/L 10 0

143 CONCRETE 7/31/86 2,750 2,750 2,737 S/L 10 0

144 SKYLIGHT 11/30/86 1,225 1,225 1,191 S/L 10 0

145 CARPET BUILDING ADD #3 12/31/86 3,518 3,518 3,453 S/L 10 0

146 DRAPES & CARPETS 2/28/87 2,029 2,029 2,029 S/L 10 0

147 STORAGE BUILDING 3/31/87 1,602 1,602 1,563 S/L 10 0

148 THEATER 4/30/87 1,020 1,020 1,020 S/L 10 0

149 WALLPAPER 8/31/81 941 941 941 S/L 10 0

150 HIGH SCHOOL OFFICE 8/31/81 1,150 1,150 1,150 S/L 10 0

151 SCHOOL BUILDINGS 9/30/87 1,467 1,467 1,432 S/L 10 0

152 DRAPES/CARPETS HIGH SCHL 10/31187 2,708 2,708 2,708 5/L 10 0

153 MISCIMPROVEMENTS 11/30/87 429 429 429 S/L 10 0

154 CARPETS-UPPER CAMPUS 2/28/88 628 628 600 S/L 10 0

155 TENNIS COURTS-1994 9/30/94 4,250 4,250 4,144 S/L 10 106

156 REPLACE LIGHTING-MID SCH 8/01/95 7,048 7,048 6,286 S/L 10 105

157 REPLACE LIGHTING-UPER SCH 12/01/95 21,189 21,189 18,188 S/L 10 2,119

158 REPLACE ELECT FEED-UPPER 3/31/95 9,996 9,996 9,250 S/L 10 746

159 ROOF-UPPER CAMPUS 7/01/95 32,482 32,482 29,232 S/L 10 3,250

197 GYM PANELING-UPPER CAMPUS 8/12/94 1,625 1,625 722 S/L 20 81

198 ROOF-UPPER CAMPUS 9/04/96 11,090 11,090 5,789 S/L 15 739

199 CARPET 7/10/97 6,789 6,789 4,153 S/L 10 619

200 DRYWALL & PLYWOOD 7/21/97 362 362 249 S/L 10 36

201 MISCELLANEOUS 7/30/97 3,243 3,243 2,241 S/L 10 324

202 DOOR/SHELVES 8/13/97 568 568 394 S/L 10 51

220 RE-DO GYM FLOOR 7/01/98 1,460 1,460 876 S/L 10 146

221 REMODEL ROOMS 16 & 17 8/19/98 1,388 1,388 811 S/L 10 139

6130105

ICI I


Client 2390 dba PINEWOOD SCHOOL 94-1527492

11/11/05 03.35PM


Date Date Cost/ Bus 179 Depr. Bonus/ Dec Bai . /Basis Depr . Prior Current DPernphnn Acqmred Cnld Rasis Prt Rnnus Allaw Cp DPpr nP,pr Radiirtn Rasis QenrMethnd I ife Rate

222 BLACKTOP-UPPER SCHOOL 10/13/98 3,000 3,000 1,725 S/L 10 300

223 RESURFACING SCHOOL 11/02/98 3,520 3,520 1,995 S/L 10 352

i 224 ELECTRICAL REPAIR 11/19/98 348 348 195 S/L 10 35

225 RE-CARPET RISERS-UPPER 2/22/99 454 454 240 S/L 10 45

I266 IMPROVEMENTS-CARPET ROOM 1/19/99 729 729 359 S/L 10 73

267 IMPROVEMENTS REFIN GYM FL 8/16/99 1,460 1,460 706 S/L 10 146

268 IMPROVEMENTS- WEIGHT EXER 9/23/99 9,302 9.302 4,418 S/L 10 930

294 FITNESS ROOM-UPPER 10/19/00 3,895 3,895 1,430 S/L 10 390 ~,

I~ 295 NEW RESTRM/WATER HTR/COOL 8/31/00 2,055 2,055 789 S/L 10 206

331 TREES-UPPER 7/30/01 2,930 2,930 855 S/L 10 293

332 GYM FLOOR - UPPER 8/06/01 1,470 1,410 429 S/L 10 147

333 CARPETS- UPPER 3/19/02 565 565 128 S/L 10 57

342 REFINISHING RESTRMS-UPPER 7/26/02 11,200 11,200 2,147 S/L 10 1,120

343 CLASSROOM CARPETS 8/21/02 8,400 8,400 1,540 S/L 10 840

II 344 REFURBISH RESTROOMS 8/29/02 4,260 4,260 781 S/L 10 426

345 RE-DO GYM FLOOR 8/29/02 2,160 2,160 396 S/L 10 216

II 346 RENOVATIONS 9/04/02 3,418 3,418 627 S/L 10 342

347 BOILER ROOM DOOR 9/11/02 252 252 46 S/L 10 25

348 RESURFACE TENNIS COURTS 8/28/02 23,424 23,424 4,294 S/L 10 2,342

i, 349 TENNIS WINDSCREENS 9/21/02 2,956 2,956 518 S/L 10 296

I 350 NEW CARPET-UC 1/14/03 1,950 1,950 293 5/L 10 195

I 351 FIELD RENOVATIONS 6/30/03 22,850 22,850 2,285 S/L 10 2,285

352 THEATER RENOVATION 6/30/03 10,000 10,000 1,000 S/L 10 1,000

I353 AIR CONDITIONG-UPPER GYM 6/18/03 3,401 3,401 340 S/L 10 340

354 RE-ROOF GYM 6/26/03 41,150 41,150 4,115 S/L 10 4,115

355 WATERPROOF DECK 6/30/03 12,680 12,680 1,268 S/L 10 1,268

370 NEW CARPETS -UPPER 9/19/02 3,449 3,449 604 S/L 10 345


Client 2390 dba PINEWOOD SCHOOL 941527492 11111/05 ~ 03 35PM


i Date Date Cost/ Bus 179 Depr. Bonus/ Dec. Bal /Basis Depr. Prior Current -No- DPCrnntinn Arn, 111fPd CM Rack Prt Rnnus Allow Sn nPnr Dppr ̀ Rarliirtn Rasis Denr Method _Llfe_ Rate Dpw

427 SNACK SHEAD - UC 7/08/03 3,000 3,000 S/L 15 200

428 STORAGE SHEAD - UC 7/15/03 1,815 1,875 S/L 15 125

429 BATHROOM RENOVATION - UC 7/23/03 20,136 20,136 S/L 20 1,001

430 THEATRE RENOVATION - UC 7/31/03 96,851 96,857 S/L 20 4,843

431 OFFICE WALL - UC 8/10/03 1,980 1,980 S/L 25 79

432 NEW CARPETS - UC 8/20/03 2,415 2,415 S/L 10 242

433 SYNTHETIC FIELD - UC 9/10/03 26,759 26,759 S/L 10 2,616

434 ROOF WORK - UC 6/24/04 4,800 4,800 S/L 10 480

435 FRONT GATES - UC 6/30/04 3,775 3,775 S/L 25 151

439 OFFICE WALLS-UC 7/16/04 3,970 3,970 S/L 25 146

440 LANDSCAPING-UC 9/08/04 5,491 5,497 S/L 25 183

441 CARPETS-OFFICE-UC 9116/04 557 557 S/L 10 42

442 NEW FENCE-UC 9/22/04 4,050 4,050 S/L 10 304

443 NEW SYNTHETIC FIELD-UC 9/30/04 827,416 827,416 S/L 10 62,056

444 SCOREBOARD ATHL FIELD-UC 12/09/04 2,978 2,978 S/L 10 174

445 NEW FRONT ENTRANCE-UC 1/01/05 91,937 91,937 S/L 25 1,839

490 327 FREMONT THEATRE-MC 6/30/05 734,904 734,904 S/L 25 0

Total Improvements 2,254,111 0 0 0 0 0 2,254,111 254,630 101,803

Land

174 LAND 1/01/92 30,931 30,931 Sll 1 0

Total Land 30,931 0 0 0 0 0 30,931 0 0

Machinery and Equipment

Page 1,'-94-152749,

03 35PN



11/11105 Prior

Cur Special 179/ Prior Salvage Date Date Cost/ Bus 179 Depr . Bonus/ Dec Bal /Basis Depr . Prior Current

DPernnhnn ,AnqinrPrI Sold Races Pd - Rnniic Allow Sp Dp,pr- Dppr Radiirtn Races DanrMethnri _Life_ RatP new

1 DATABASE PROGRAM 4/30/90 491 491 491 S/L 10

2 DATA CART (40MB)-M/M 8/31/90 133 133 133 S/L 10

3 STD KEYBOARD 3/31/90 97 97 91 S/L 10

4 SIMMS- 1MB (24) 3/31/90 3,076 3,076 3,076 S/L 10

5 SIMMS- 256K (16) 3/31/90 841 841 841 S/L 10

6 DATAPAK 3/31/90 1,273 1,273 1,273 S/L 10

7 SUPERVIEW 3/31/90 2,049 2,049 2,049 S/L 10

8 LASERWRITER 11 NTX 3/31/90 4,779 4,179 4,779 S/L 10

9 PACEMAKER 3/31/90 426 426 426 S/L 10

10 ILLISTRATOR 88 3/31/90 426 426 426 S/L 10

11 41) RUNTIME (4PACK) 3/31/90 289 289 259 S/L 10

12 DISK LOCK 3/31/90 158 158 135 S/L 10

13 CRICKET PAINT 3/31/90 106 106 106 S/L 10

14 MOUSE PADS (20) 3/31/90 213 213 213 S/L 10

15 SURGE PROTECTION (4) 3/31/90 171 171 139 S/L 10

16 PHONENET 3/31/90 412 412 379 S/L 10

19 PA SYSTEM(H .S )MOD/UPGR 6/30/90 177 777 744 S/L 10

20 TELEVISION/VCR 8/31/90 568 568 568 S/L 10

22 HARD DISK (100MB) 3/31/90 1,245 1,245 1,218 S/L 10

23 MSG 1012 1/31/90 470 470 470 S/L 10

24 HARD DISK (40MB) (8) 3/31/90 6,439 6,439 6,439 S/L 10

25 T V SETS(2) & VCR 4/30/91 828 828 828 S/L 10

27 REMOTE TE 19" 6/05/91 578 578 578 S/L 10

28 2 VCR'S 6/16/91 503 503 486 5/L 10

30 MAC UPGRADE 7/10/91 1,271 1,271 1,211 S/L 10

31 ELECTRONIC KEYBOARD 7/18/91 3,031 3,031 2,99(1 S/L 10

35 ATHLETIC FIT CENTER 8/13/91 2,251 2,251 2,251 S/L 10

6130105

Page 14 94-1527492

03 35PM



11/11/05 Prior

Cur Special 179/ Prior Salvage Date Date Cost/ Bus 179 Depr. Bonus/ Dec. Bal /Basis Depr . Prior Current

I)PSrnntinn ArQinred Cnld Rams Pct Rnniic Allow Cp DP;nrnPnrRadurtn RaSIC ~n ;nrMethnd _Lifp_ Rata ~rnr_

36 LAMINATER 8/16/91 128 728 728 S/L 10

38 BARBEQUE 8/31/91 2,145 2,145 2,145 S/L 10

40 FITNESS APPARATUS 9/18/91 4,413 4,413 4,413 S/L 10

54 SOUND SYSTEM 1/31/87 15,964 15,964 15,964 S/L 10

57 COMPUTER 6/30/87 1,600 1,600 1,600 S/L 5

59 GYM SPORTS EQUIPMENT 8/31/87 766 766 766 S/L 5

65 TYPEWRITER 1/31/88 319 319 319 S/L 10

67 CLASSROOM N EQUIPMENT 5/31/88 813 813 813 S/L 10

68 BALL MACHINE 5/31/88 2,161 2,167 2,161 5/L 10

72 LASER PRINTER 7/31/88 2,800 2,800 2,745 S/L 10

74 OFFICE COMPUTER 8/31/88 11,329 11,329 11,291 S/L 10

76 COMPUTER SYSTEM 11/30/88 15,385 15,385 15,239 S/L 10

78 TYPEWRITER (1) 1/31/89 479 479 479 S/L 10

79 VCR'S (2) 1/31/89 607 607 607 S/L 5

80 CAMCORDER 2/28/89 962 962 962 S/L 5

81 KEYBOARD FOR MAC 2/28/89 160 160 130 S/L 10

82 COMPUTER EQUIPMENT MISC. 2/28/89 131 131 131 S/L 10

84 SCREEN & TDD CARDS 3/31/89 1,990 1,990 1,990 S/L 10

86 AIR CONDITIONER 7/16/81 3,896 3,896 3,896 S/L 10

87 OFFICE AIR CONDITIONER 9/24/81 4,227 4,227 4,227 S/L 10

89 MAC COMPUTERS & ACC 1/07/92 13,950 13,950 13,937 S/L 10

92 BLP ELITE LASER 1/31/92 1,796 1,796 1,796 S/L 10

93 LAMINATOR & PORCHES 3/07/92 1,336 1,336 1,336 S/L 10

94 PORTABLE BARBEQUE 3/25/92 1,066 1,066 1,066 S/L 10

95 COMPUTER EQUIPMENT 3/31/92 10,320 10,320 10,320 S/L 10

98 TELEPHONES 7/17/92 411 411 390 S/L 10

102 VCR 9/15/92 162 162 145 S/L 10

0

0

0

0

0

0

D

0

0

0

0

0

0

0

0

0

~0

0

0

0

0

0

0

0

0

0

0

6130105

Page 15 94-1527492


dba PINEWOOD SCHOOL Client 2390 11/11/05


Date Date Cost/ Bus. 179 Depr . Bonus/ Dec Bal. /Basis Depr . Prior Current Qesrnntinn AGqI11fPfI Snld Basis -EGL Rnnus Allow Sp I)epr nPprReriurtn RaSIC DpnrMethod _Llfp_ Rata npnr

103 PORTABLE RADIO CASSETTE 9/23/92 100 100 100 S/L 10 0

104 FOR GYM 9/25/92 369 369 369 S/L 10 0

105 OPEN MERCHANDISE 10/23/92 303 303 303 S/L 10 0

106 MAC COMPUTER & PRINTER 10/24/92 4,335 4,335 4,335 S/L 10 0

107 OFFICE EQUIPMENT 10/30/92 4,295 4,295 4,295 S/L 10 0

108 OFFICE EQUIPMENT STU COUN 12/08/92 2,133 2,133 2,133 S/L 10 0

122 RICOH COPIER & SUPPLIES 5/18/95 13,412 13,412 12,181 S/L 10 1,231

123 VIDEO PROJECTION/SOUND 10/12/95 3,251 3,251 2,843 S/L 10 325

124 NETWORK SERVER/TABLE 10/18/95 1,759 1,759 1,525 S/L 10 176

128 MAC 7500/100 ETC 12/31/95 4,083 4,083 3,468 S/L 10 408

129 PORTABLE HARDDRIVE 12/31/95 413 413 349 S/L 10 41

133 TV/VCR 12/31/95 515 515 442 S/L 10 52

134 TV/VCR/TAPES 12/31/95 728 728 620 S/L 10 73

179 VCR'S (2) 5/28/96 371 371 299 S/L 10 37

191 VIDEO DISK PLAYER 12/03/96 1,067 1,067 811 S/L 10 107

193 CARPET CLEANER 11/29/96 229 229 174 S/L 10 23

195 APPLE COMPUTER(BILL51613) 6/24/97 2,806 2,806 1,967 S/L 10 281

196 APPLE COMPUTER(BILL56129) 6/27/97 1,947 1,941 1,365 S/L 10 195

247 TELESCOPE 7/13/99 430 430 215 S/L 10 43

249 TOOLBOX/CDR RECORDER 8111/99 1,588 1,588 782 S/L 10 159

251 TV/VCR/CAMERA 8/04/99 870 870 428 S/L 10 87

256 MICROSCOPE 10/31/99 400 400 187 S/L 10 40

263 CANON CAMERA 1/29/00 927 927 411 S/L 10 93

270 DVD VIDEO PLAYER 9/18/00 1,914 1,914 711 S/L 10 191

272 (2) APPLE COMPUTERS 9/23/00 4,328 4,328 1,624 S/L 10 433

273 (4) IMAC 9/23/00 3,460 3,460 1,298 S/L 10 346

274 FAX MACHINE (PE) 10/10/00 216 216 82 S/L 10 22

6130105


dba PINEWOOD SCHOOL

Page 1 F

94-152749. Client 2390

11111/ Prior

Cur Special 119/ Prior Salvage Date Date Cost/ Bus. 179 Depr . Bonus/ Dec Bai . /Basis Depr . Prior Current

Qacrnntinn Acquired Cold Rack Prt Rnnus Allow Sr, nPnr nPnr Rediirtn Basis ~n yr Method J_Lfp_ Rata

275 FAX MACHINE (LOWER) 10/10/00 211 271 101 S/L 10 27

276 SLIDE PROJECTOR 10/10/00 530 530 199 S/L 10 53

217 FITNESS EQUIPMENT 11/02/00 1,488 1,488 546 S/L 10 149

278 FITNESS EQUIPMENT 11/01/00 20,015 20,015 1,340 S/L 10 2,002

279 FITNESS EQUIPMENT 11/01/00 15,854 15,854 5,812 S/L 10 1,585

280 COMPUTER MONITOR (MARK) 11/01/00 390 390 143 S/l 10 39

281 COPIER (MIDDLE) 1/03/01 433 433 151 S/L 10 43

282 SUZUKI TONE CHIMES 12/12/00 668 668 240 S/L 10 67

283 SHAMPOOER/WAXER 2/01/01 1,074 1,074 366 S/L 10 107

284 MONITOR/SCANNER (MARK) 2/13/01 367 367 126 S/L 10 37

285 DRAPES (THEATRE) 2/20/01 800 800 261 S/L 10 80

286 2 COMPUTERS (MIDDLE) 2/20/01 1,909 1,909 637 S/L 10 191

281 REFRIGERATOR 3/28/01 162 162 52 S/L 10 16

288 VIDEO MONITOR (JACK) 4/22/01 216 216 70 S/L 10 22

289 DRAPES (LOWER) 4/20/01 836 836 266 S/L 10 84

290 SPOTLIGHT/ PRINTER 5/22/01 1,346 1,346 416 S/L 10 135

300 DIGITAL CAMERA 9/24/01 448 448 124 S/L 10 45

303 APPLE [MAC 11/09/01 1,726 1,726 461 S/L 10 113

304 3 MICROWAVES 11/12/01 389 389 104 S/L 10 39

305 G4 COMPUTER 11/12/01 1,835 1,835 490 S/L 10 184

307 FOLDING MACHINE-MIDDLE 11/14/01 1,355 1,355 362 S/L 10 136

308 T.V & FLOPPY DRIVE 12/02/01 656 656 170 S/L 10 66

309 COMPUTER MONITOR - MARK 11/28/01 194 194 49 S/L 10 19

310 COMPUTER MONITOR - MARK 11/28/01 184 184 47 S/L 10 18

311 1 MAC COMPUTER-UPPER 12/11/01 939 939 243 S/L 10 94

312 1 MAC COMPUTER - LOWER 1Z/11/Ol 949 949 245 S/L 10 95

313 VIDEO EQUIPMENT-UPPER 1/29/02 552 552 133 S/L 10 55

6130105

Page 17

941527492 03.35PM



11/11105 Prior

Cur Special 179/ Prior Salvage Date Date Cost/ Bus 179 Depr. Bonus/ Dec Bal. /Basis Depr . Prior Current

Description ArnilifP(I Snid Rams Pct Rnnus Allow Sp nPpr nPpr Redumtn Rasic DaprMethnd ,I ifp Rate DP,pr

314 TV. - UPPER 3/04/02 390 390 91 S/L 10 39

317 KARAOKE MACHINE 4/12/02 216 216 49 S/L 10 22

318 MAILING MACHINE 4/14/02 4,243 4,243 954 S/L 10 424

322 SOUND SYSTEM 4/26/02 2,143 2,143 464 S/L 10 214

323 IMAC COMPUTER - UPPER 5/02/02 919 919 199 S/L 10 92

325 G4 COMPUTER 5/20/02 2,164 2,164 450 S/L 10 216

326 SOUND SYSTEM-UPPER 5/30/02 2,901 2,901 604 S/L 10 290

327 MONITOR/ZIP DRIVE 6/19/02 864 864 172 S/L 10 86

328 PLAYGROUND EQUIP-LOWER 6/28/02 12,481 12,481 2,496 S/L 10 1,248

329 COMPUTERS-UPPER 6/30/02 14,000 14,000 2,800 S/L 10 1,400

330 COMPUTERS-UPPER 6/30/02 15,000 15,000 3,000 S/L 10 1,500

341 OVERHEAD PROJECTOR 9/10/01 318 378 108 S/L 10 38

405 2 DYD/VCR PLAYERS - UC 9/02/03 281 281 S/L 10 28

406 2 COMPUTERS & 3 IBOOKS 9/03/03 3,846 3,846 S/L 10 385

407 2 DIGITAL CAMERAS 9/15/03 1,179 1,179 S/L 10 118

409 APPLE COMPUTER - UC 9/19/03 968 968 S/L 10 97


411 APPLE COMPUTER - UC 9/23/03 2,513 2,513 S/L 10 251

412 APPLE COMPUTER - UC 9/23/03 1,590 1,590 S/L 10 159

413 LAPTOP COMPUTER - SCOTT 9/23/03 1,920 1,920 S/L 10 192

414 THREE I BOOKS - MC 10/15/03 2,368 2,368 S/L 10 237

416 THEATRE SOUND SYSTEM - UC 12/04/03 27,549 27,549 S/L 10 2,755

417 DIGITAL PIANO - MC 12/11/03 1,253 1,253 S/L 10 125

418 IP PHONE SET - UC . 12/22/03 271 271 S/L 10 27

419 APPLE COMPUTER- UC 1/19/04 908 908 S/L 10 91


421 MUSIC RISERS - MC 2/24/04 4,754 4,754 S/L 10 475

6130105




Date Date Cost/ Bus . 179 Depr. Bonus/ Dec. ,,B~al . /Basis Depr. Prior Current --~-- .Rp,dffrtn P,r7SIC nP,(IfMPtI1(1(I _Ljfp_ Rate Dpnr nP_SC(I~fl AcqmrPrI Sold - R~3SIS -Ed- All(1W- ~W -~+-P,p( +y~

422 FLAT SCREEN N - UC 3/08/04 379 379 S/L 10 38

423 LCD MONTIOR & SPEAKERS 4/12/04 1,915 1,915 S/L 10 192

424 VIDEO CAMERA - LC 4/20/04 461 461 S/L 10 46

426 APPLE COMPUTER - MG 6/22/04 1,104 1,104 S/L 10 110

458 APPLE COMPUTER (11) - UC 8/18/04 12,401 12,401 S/L 5 2,067

460 INSTRUMENTS - MC 9/10/04 2,366 2,366 S/L 10 197

461 TWO PROJECTORS - UC 9/20/04 2,798 2,798 S/L 10 210

463 FIELD SCOREBOARD 9/27/04 5,558 5,558 S/L 10 417

465 I BOOK APPLE COMPUTER-UC 10/26/04 1,254 1,254 S/L 5 161

468 LAMINATOR W/FANS 12/02/04 1,528 1,528 S/L 10 89

471 4 -OVERHEAD PROJECTORS 12/14/04 883 883 S/L 10 52

412 SCOREBOARDS (ATHLETIC) 1/07/05 7,269 7,269 S/L 10 363

473 SHOT TIMER (ATHLETIC) 1/07/05 1,732 1,732 S/L 10 81

474 APPLE COMPUTER (10) - MC 1/18/05 10,874 10,874 S/L 5 906

477 PITCHING MACHINE(ATHLETE) 2/10/05 1,750 1,750 S/L 10 73

480 SOUND SYSTEM - UC 3/04/05 1,240 1,240 S/L 10 41

481 VIDEO SCRENE - UC 5/03/05 1,148 1,148 S/L 5 38

Total Machinery and Equipment 406,293 0 0 0 0 0 406,293 206,137 25,714

PROPERTY IMPROVEMENTS

296 ASTRO TURF-MDL & LOWER 8/18/00 43,490 43,490 16,671 S/L 10 4,349

334 POOL FENCE 8/17/01 4,748 4,748 1,346 S/L 10 475

335 NEW ROOF - LOWER 8/21/01 49,800 49,800 14,110 S/L 10 4,980

336 SEALCOAT BLACKTOPS-MID/LO 8/27/01 12,644 12,644 3,582 S/L 10 1,264

337 CARPETS 9/19/01 4,820 4,820 1,326 S/L 10 482

338 PATIO MATERIALS-MIDDLE 5/30/02 4,000 4,000 833 S/L 10 400


dba PINEWOOD SCHOOL

Page 1 E

94-152749:

6130105 Client 2390 11/11/05

177 FURNISHINGS-RENTAL 5/26/94 1,787 1,787 1,187 S/L 5 0

178 REFRIGERATOR-RENTAL 2/09/95 567 567 536 S/L 10 31

244 N/CAMPBELL-RENTAL 1105/99 346 346 192 S/L 10 35

291 DRYER-RENTAL 2/20/01 503 503 167 S/L 10 50

292 DISHWASHER-RENTAL 3/21/01 527 521 172 S/L 10 53

293 CARPETING-RENTAL 4/20/01 1,248 1,248 396 S/L 10 125


Date Date Cost/ Bus. 179 Depr. Bonus/ Dec Bal. /Basis Depr . Prior Current DPCCflprlfln Arn,IlIfPd Sold Rr7CIS Prt Rppis _ Allow- C(1DP,pfnPpf- Rarliirtn R;CIS nP,nrMetIlnfl 1&_ Rate

339 PATIO MATERIALS-MIDDLE 6/19/02 4,000 4,000 800 S/L 10 400

340 CARPETS- MIDDLE 6/30/02 5,776 5,776 1,156 S/L 10 578

356 NEW WINDOWS-LWR CLASSRM 7111102 27,435 27,435 5,488 S/L 10 2,744

357 NEW FENCE 7/10/02 14,482 14,482 2,896 S/L 10 1,448

358 PATIO COVER 7/11/02 9,190 9,190 1,838 S/l 10 919

359 DOORS-LOWER CAMPUS 10/29/02 4,547 4,547 758 S/L 10 455

360 FENCE-MIDDLE CAMPUS 1/22/03 1,940 1,940 275 S/L 10 194

361 FLOORING-LOWER CAMPUS 6/18/03 669 669 61 S/L 10 67

436 NEW WINDOWS - MC 8/20/03 9,172 9,172 S/L 25 367

437 NEW CLASSROOM CARPETS-MC 8/27/03 1,098 1,098 S/L 10 110

438 NEW OFFICE WALLS - LC 6/29/04 2,010 2,070 S/L 25 83

446 WINDOW SEAT-LC 8/01/04 2,130 2,130 S/L 10 195

441 LANDSCAPING FRONT ENT-MC 9/08/04 20,760 20,160 S/L 25 692

448 LATTICE ON FENCE-MC 10/13/04 1,600 1,600 S/L 10 120

449 NEW WINDOWS-LC 5/13/05 8,000 8,000 S/L 10 133

450 NEW WINDOWS-MC 6/14/05 16,041 16,047 S/L 10 134

451 ROOF-MC 6/29/05 10,460 10,460 S/L 10 0

Total PROPERTY IMPROVEMENTS 258,878 0 0 0 0 0 258,878 51,146 20,589

RENTAL FURNISHINGS

CREATIVE CENTER OF LOS ALTOS

REALIZED CAPITAL GAIN AND LOSS SUMMARY Quantity Security Description Date of Acquisition Date of Liquidation Sale Price Cost Basis Gain or (Loss)

00 NM MERRILL LYNCH&CO BE 07/26/02 04/14104 100,928.65 100,000.00 200,00 GENL ELEC CAP CORP BE 12/09/02 , 04/21!04 - 197,244.65 200,000.00 2,755.35) 100,000 NM C LLAR FNCL BE 08/15/02 04/14/04 , . 99,869 65 100,000.00 (130.35) 100,000 NM DAIMLER HLDGBE 08/19/02 04/21104 . , 99,457.65 . 0 (542.35) 4,000 EXXON MOBIL CORP 02/08102 , 04122/04 ~ 170,860.43 153,080.39 17,780.04

17,211 ALLIANCE BERNSTEIN INTL 07/28103 04/13/04 . -, 244,466 199,997.17 44,46$.90 85 ALLIANCE BERNSTEIN INTL 12/29/03 , , 04113/04 , 7.35 1,110.10 9725

15,174 AIM INTL GROWTH FD CL C 0 , ;04/13/04 246,696.56 199,998.66 46,697.90 5,000 DUKE ENERGY CORPORAT CLD 03/08/99 05128/04 125,000.00 125,000.00 0.00

200,000 FORD MTR CREDIT 7.50% 2004 08/02/94 200,000.00 200,000.00 0.00 100,000 NM BOEING CAPITAL CRP BE 08/19/02 ' /30/04 ' , 98,148.65 100,000.00 (1,851 .35) 100,000 FEDERAL NATL MTG ASSOC 12/13 06/30/04 95,309.65 100,000.00 (4,690 .35) 97,000 CD CAPITAL ONE BANK FSB 13/01 06/30/04 98,965.09 97,000.00 1,965.09 I 5,000 MERRILL LYNCH AND CO 04/30/02 06/30104 50, 50,000.00 37361 5,000 MERRILL LYNCH AND CO 04/30/02 06/30/04 50,528.92 50,000.00 528.92 5,000 HEWLETT PACK DEL 07/06/01 06/30/04 104,419.19 200.33 (27,781 .14) 5,000 J P MO HASE AND CO 02/08102 06/30/04 ; 191,374.62 152,1 . 39,263.87 I 5,600 APITAL I ESCROW 04/27/04 07/23/04, N/A N/A N/C

0 NCO INTL LTD NEW COM 02/08/02 06/30/04-- . 114,546.53 105,283.05 3.48 I 1,500 TYCO INTL LTD NEW COM 02/08/02 06/30/04 49,078.68 45,121 .32 3,957

1 00,000 ,000.00 0.00 150,000 NM MERRILL LYNCH&CO CLD 09/09/99 09/24/04, ' 150,000.00 150,000.00 0.00

5,000 CHASE CAPITAL VII CLD 05/25/99 11/01104 .' 125,000.00 125,000.00 0.00 100,000 NM SEARS ROEBCK ACCP BE 11/25/97 12/06/04 - = 100,000.00 100,000.00 0.00

3,000 MERRILL LYNCH & COMP CLD 12/06195 12/30/04 - 75,000.00 89,060 .35 (14,060.35) L

r"~TAL 4on/C i.ER/`f a)/oif.2or7q ~-a SSO~(OD.00 ~6~f 0`0.35- C1y~060.35

w . .a ` .

II~II I I~I~ ~ IIII I I~ . II.II~ I III II II~ ~ IlII I I~ I II'II ~:a`~~ .:,y` l.

PLEASE SEE REVERSE SIDE Page Statement Period Account No .

001,28fl 25 of 26 Year Ending 12131/04 268-04074

_ ~'s^F

CHANCE IN PRICE SINCE 01/01/04

ACCOUNT NUMBER : 71107009 ACCOUNT TYPE : BR ACCOUNTING METHOD : FIFO

S&P 500 Price Dow Jones Industrial Average SCHWAB 1000 INDEX

GAIN -LOSS

" ------16,054 .98

-60 .30 -561 .51 -88 .72

0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 .. 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 G~

4,690 .30 0° 305 .80 0

TOTAL COST

27, 111 .O~s 12ABB'°d0

?0''/, 500.00 5,084 .60

0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00 0 .00

--.Q;00 25,280 .00-, 76,305 .80 3 .096 .70 -3 .0 -..Z0 17,193 .20 -9,956 .20 23,323 .53 -13,672 .53 w 41,521 .21 -22,214 .21 49,181 .51 -25,046 .51 v

0 w

Q GLR >5 00000932 000000008998 0008 20050116 000932

f.ha)-ksSCHWAB _~ _ . ., �_ . . ._ .. . .._, . . ._~._ , .~_,~ .a..v~~. ..~,.~wu.,~�..~.. ._.,_~ ._,... ._r.~. ... ..,.~ �..~~_W~~_ ._e..~ ...~t..�,_. .....~.~~ ..~ .e .~_

PORTFOLIO EVALUATION AS OF : December 31, 2004 PRICES AS OF : December 31, 2004 PREPARED DATE : January 15, 2005

Gain/Loss Report

PACE 11

SCHEDULE OF REALIZED GAINS AND LOSSES

FOR THE PERIOD FROM : 01/01/04 THROUGH 12/31/04

PURCHASE SALE SALE QUANTITY SECURITY DESCRIPTION SYMBOL DATE DATE PROCEEDS -------- ------------------------------ ------ -------- ------ --------

1, , 00 PENNEY J C CO INC JCP 11/19/99 04/20/04 43,165 .98 500 .3 HMAN BR HLDG 6 .3750%52SERIES K DUE 03/15/SLEH+K 03/12/03 04/20/04 12,439 .70

4,300 .000 L'E'H .~R HLDG 6 .3750%525ERIES K DUE 03/15/5LEH+K 03/12/03 04/20/04 106,938 .49 200 .000 GENERAL kS 7 .375%51SENIOR NOTE DUE 10/01HGM 12/03/01 04/21/04 4,995 .8 40 .000 EBAY INC _"41 �~,~ EBAY p4/26/04 3, . 7

100 .000 CA WATER SERVICE GROUPS CWT 04/27/04 ,997 .02 100 .000 CA WATER SERVICE GROUP ~ CWT 04/27/0 2,997 .02 100 .000 CA WATER SERVICE GROUP CWT 0 04 2,997 .02 100 .000 CA WATER SERVICE GROUP CWT /27/04 2,997 .02 U4 100 .000 CA WATER SERVICE GROUP .CWT 04/27/04 2,997 .02 100 .000 CA WATER SERVICE GROUP CWT_ 04/27/04 2,997 .02 100 .000 CA WATER SERVICE GROUP C 04/27/04 2,997 .02 200 .000 CA WATER SERVICE GROUP CWT 04/27/04 5,994 .05 200 .000 CA WATER SERVICE GROUP CWT ``'fl~(27/04 5,994 .05 200 .000 CA WATER SERVICE GROUP CWT 04/2T7`9 5,994 .05 200 .000 CA WATER SERVICE GROUP CWT 04/27/0~~ ~5,994 .05 200 .000 CA WATER SERVICE GR CWT 04/27/04 5';9.4 .05 200 .000 CA WATER SERVI ROUP CWT 04/27/04 5,994 .D5~,, 300 .000 CA WATER ICE GROUP CWT 04/27/04 8,991 .08 v

1,800 .000 CAW SERVICE GROUP CWT 04/27/04 53,946 .53 1,000 .000 WATER SERVICE GROUP CWT 03/26/99 04/27/04 29,970 .30 3,00 . 0 WORLDCOM INC XXBANKRUPTCY REORG EFF 04/20/0 10/06/00 05/10/04 0 .00

120 .000 WORLDCOM INC - MCI GR XXBANKRUPTCY REORG EFF 10/06L00 05/10/U4 0 .00 482 .466 A T & T WIRELESS SVCS AWE 04/30/99 10/27/04 7,237 .00 643 .400 A T & T WIRELESS SVCS AWE 08/03/99 10/27/04 9,651 .00

1,287 .133 A T & T WIRELESS SVCS AWE 08/31/99 10/27/04 19,307 .00 1,609 .000 A T & T WIRELESS SVGS AWE Oy/22/99 10/27/04 24,135 .00

8.99 3 .15% 9 .80%

Gain/Loss Report

PACE 12


FOR THE PERIOD FROM : 01/01/04 THROUGH 12/31/04

PURCHASE SALE SALE TOTAL GAIN

QUANTITY SECURITY DESCRIPTION SYMBOL DATE DATE PROCEEDS COST -LOSS

3,218.000 A T & T WIRELESS SVCS AWE 05/03/00 10/27/04 48,270 .00 93,755 .40 -45,485 .40

5,000.000 P G & E CORP PCG 01/04 00 11/08/04 162,836 .23 99,212 .50 63,623 .73

4 , 000 . 000 S I RENZA M 1 CRODEV 1 CE5 SMD I /,~/~fd,'Z 11/09/04 19,989 .58 L'PoV '~% 13, 1 S~9 S ~

200.000 SIRENZA MICRODEVICES SMDI It 11/26/04 1,099.47 3`t`'v~' 7f'9. t17

p,~ 800.000 S i RENZA M I CRODEV I CES SMD I t~ 11/26/04 4,397.90 1, 360-00 3,037-90

~f~+- ,000 .000 SIRENZA MICRODEVICES SMDI /~ 11/26/04 5,497 .38 /,7 0v~0V 3,1197 .31?

,000 .000 SIRENZA MICRODEVICES SMDI N 11/26/04 5,497 .38 1i7 00 "00 3797,351

t11 , 000.000 S I RENZA M I CRODEV 1 CES SMD I 1o 11/26/04 5,497 .39 / ,700.00 9,7 97- .,4";>

5,000.000 MC DONALDS CORP MCD 09/09/02 12/01/04 154,986 .42 104,9UU .UU 50,086 .42

816.000 S I RENZA M I CRODEV I CES 5MD I /.?/ 13/Ja. 12/07/04 4,885 .93 i, 3 99"a0 3, IV 98 73

1,800.000 CA WATER SERVICE GROUP CWT 03/26/99 12/20/04 64,794 .01 45,504 .00 19,290 .01

200.000 CA WATER SERVICE GROUP CWT 03/26/99 12/20/04 7,199.33 4,956.00 2,243.33

100 .000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 3,599.67 2,403 .00 1,196 .67

100 .000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 3,599.67 2,403 .00 1,196.67

100 .000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 3,599.67 2,403 .00 1,196.67

100 .0(10 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 3,599.67 2,403 .00 1,196 .67

100 .000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 3,599.67 2,403 .00 1,196 .67

200.000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 7,199.33 4,806 .00 2,393 .33

200.000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 7,199 .33 4,806 .00 2,393 .33

200.000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 7,199.33 4,806.00 2,393.33

200.000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/04 7,199.33 4,806.00 2,393 .33

400 .000 CA WATER SERVICE GROUP CWT 04/20/99 12/20/0b 14,398 .67 9,612.00 4,786.67

300 .000 CA WATER SERVICE GROUP CWT 04/21/99 12/20/4 10,799 .00 7,209 .00 3,590.00

100.000 DUKE ENERGY CORPORATION DUK 02/04/03 12/20/04 2,583 .77 1,703 .00 880.77

300.000 DUKE ENERGY CORPORATION DUK 02/04/03 12/20/04 7,751 .32 5,109 .00 2,642 .32

1,000.000 DUKE ENERGY CORPORATION DUK 02/04/03 12/20/04 25,837 .74 17,030 .00 8,807 .74

1,000 .000 DUKE ENERGY CORPORATION DUK 02/04/03 12/20/04 25,837 .74 17,030 .00 8,807 .74

F R

~' SCHWAB


CHANGE IN PRICE SINCE 01/01/04

S&P 500 Price 8 .99 Dow Jones Industrial Average 3 .15 SCHWAB 1000 INDEX 9 .80%



ACCOUNT NUMBER : 71107009 ACCOUNT TYPE : BR' ACCOUNTING METHOD : FIFO

S&P 500 Price 8 .99 Dow Jones Industrial Average 3 .15% SCHWAB 1000 INDEX 9 .8090

O O O 0 0

w N 0 00 0 00

Q GLR >5 00000932 000000008999 0008 20050116 000932

O iiillk.~ SCHWAB Gain/Loss Report ..._~,~. . .. .,_,. :.a....~_ ..~�~ .*_.~ .~ ._ uJ_ .~ ._.__ . . ._ . . _~_ . .

."PAGE 13

CHANCE IN PRICE SINCE 01/01/04


FOR THE PERIOD FROM : OI/01/04 THROUGH 12/31/04

PURCHASE SALE SALE 'QUANTITY SECURITY DESCRIPTION SYMBOL DATE DATE PROCEEDS -------- ------------------------------ ------ - ------ ------ --------

1,700 .000 DUKE ENERGY CORPORATION DUK U2/04/03 12/20/04 43,924 .15

1,900 .000 DUKE ENERGY CORPORATION DUK 02/04/03 12/20/04 49,091 .70 100 .000 SIRENZA MICRODEVICES SMDI /2//31O 2 12/20/04 599 .67

364 .000 SIRENZA MICRODEVICES SMDI it 12/20/04 2,182 .79

500 .000 SlRENZA MICRODEVICES SMDI l/ 12/20/04 2,998 .36 1,000 .000 SIRENZA MICRODEVICES SMDI !1 12/20/04 5,996 .73 1,220 .000 SIRENZA MICRODEVICES SMDI if 12/20/04 7,316 .01

LONG-TERM TOTAL 0~~p//dy j~ /2.,/.3/A V 1'f`9 'd 371v-?q

TOTAL CAIN COST -LOSS

-------- ------28 .951 .00 14,973 .15 32,357 .00 16,73<< .70

1 70. 00 -If 27. (.-( loiP 80 j, SL3.99

t y.8.3(, 950.00 ~,0 AY, 19e. 73 3,a 7Y. 00 51211-0)

~ ~ soy ~ ~1. 3s ~ /yj ~ av6.9y .. r

i

PACE 8

CHANCE IN PRICE SINCE O1/lll/05 PORTFOLIO EVALUATION AS OF : June 30, 2005 PRICES AS OF : June 30, 2005 PREPARED DATE : July 9, 2005

ACCOUNT NUMBER : 71107009 ACCOUNT TYPE : DR ACCOUNTING METHOD : FIFO

S&P 500 Price Dow Jones Industrial Average SCHWAB 1000 INDEX


FOR THE PERIOD FROM : 01/01/05 THROUGH 06/30/05 PURCHASE SALE SALE

QUANTITY SECURITY DESCRIPTION SYMBOL DATE DATE PROCEEDS -------- ------------------------------ ------ -------- ------ --------

LONG-TERM

126 .000 EXXON MOBIL CORPORATION 4,000 .000 BLACK HILLS CORP 200.000 NEXTEL COMMUNICATIONS A 606.000 NEXTEL COMMUNICATIONS A

1,000 .000 NEXTEL COMMUNICATIONS A 2,194 .000 NEXTEL COMMUNICATIONS A

0 .270 AGERE SYSTEMS INC 0 .359 AGERE SYSTEMS INC 0 .27(1 AGERE SYSTEMS INC

1,200 .000 AMER ELECTRIC PWR CO INC 3,300 .000 KEYSPAN CORPORATION 700 .000 KEYSPAN CORPORATION

LONG-TERM

?,q6o,sy 19,104 .10 2,527 .23 7,657 .51 12,636 .17 27,723 .77

-67 .88 -67 .59 -'.?1 .13

-2,954 . 79 27,574 . 17 5,856 .07

X1,07, ?Av* 17

XOM 02/28/05 BKH 03/19/02 05/19/05 NXTL 09/09/03 06/13/05 NXTL 09/09/03 06/13/05 NXTL 09/09/03 06/13/05 NXTL 09/09/03 06/13/05 AGR 08/31/00 06/14/05 AGR 10/04/00 06/14/05 AGR 02/15/01 06/1b/05 AEP 04/07/99 06/29/05 KSE 02/24/03 06/29/05 KSE 02/24/03 06/29/05

7,960 .54 142,264 .10 6,399 .23 19,389 .67 31 ,996 . 17 70,199 .61

3 .32 4 .42 3 .32

43,980 .21 134,296 .17 28,487 .07

$484,983 .83

0 .00 123,160 .00 3,872 .00 11,732 .16 19,360 .00 42,475 .84

71 .20 72 .01 24 .45

46,935 .00 106,722 .00 22,631 .00

$377,055 .66 TOTAL

02005 Charles Schwab & Co, Inc. All rights reserved . Member SIPC (0200-2403) REP14372R1-01

~ y~~4 l~S, .~ SCHWA B Gain/Lo ss Repori

TOTAL COST

-1 .70` -4 .71' -0 .77

GAIN -LOSS

cd, M,

Nl

CREATIVE CENTER OF LOS ALTO

of Statement Period Account No .

0010793 6 IIII II II III I III III I~I III ~ IIII I II III

13 06/01105 TO 06/30/05 268-04074 002003 4739 794198720010480004

Current Portfolio Adjust/Unit Total Estimated Estimated Unrealized Estimated Estimated Curren Date Cost Cost Market Market Gain or Accrued Annual Yield

Quantity Security Description Acquired Basis Basis Price Value (Loss) Interest Income

CDs, Deposit Notes and Equivalents

100,000 CD CAPITAL ONE BANK 12/01/03 100 .00 100,000 97 .39 97,397 (2,602) 126 4,599 4 .72 DEPOSIT NOTES 5ER CD 04.600% DEC 10 2070

Total CDs, Deposit Notes and Equivalents 100,000 97,397 ( 2,602 ) 126 4,599 4 .72

Government and Agency Securities

200,000 FEDERAL HOME LN MTG CORP 07/16/03 100 .00 200,000 99 .66 199,320 ( 680 ) 8,499 4.26 CALLABLE NTS 5/ MULTI% AUG 01 2018

100,000 FNMA P250145 08 50%2024 10/05/94 100 .50 2,410 109 .17 2,618 207 16 203 7 .78 AMORTIZED FACTOR 0.023985510 AMORTIZED VALUE 2398

Total Government and Agency Securities ' 202,410 201,938 ( 473 ) 16 8,703 4.31

Corporate Bonds

100,000 NM HOUSEHOLD FIN CORP 13E 07/15/02 100 .00 100,000 100 .13 100,136 136 3,438 7,499 7 .48 SENIOR NOTES SER NOTZ 07.500% JUL 15 2017 MOODY'S: A1 S&P: A

100,00 NM GENERAL MTRS ACCPT BE 07/18/02 100 .00 100,000 96 .35 96,380 (3,620) 234 5,624 5.83 NOTES SER SMN 05.625% JUL 15 2007 MOODY'S : BAA2 S&P : BB

100,000 NM MERRILL LYNCH&CO BE 01/22/99 100.00 100,000. 100 .29 100,298 298 6,125 6.10 29JAN99 28JAN11 MTLY-PAY 06.125% FIXRATE MOODY'S: AA3 S&P: A+ <

100,000 NM GENERAL MTRS ACCPT BE 07/10/02 100.00 100,000 87 .64 87,649 (12,351) 1,406 6,749 7 .70 NOTES SER SMN 06.750% JUL 15 2012 MOODY'S: BAA2 S&P: BB

100,000 NM BANK AMERICA CORP BE 07/29/02 700 .00 100,000 100 .62 100,625 625 2,025 5,399 5 .36 01AUG02 15AUG12 SEMI-PAY 05.400% FIXRATE MOODY'S: AA3 S&P: A+


Page Statement Period Account No . 0010794 ` 7 of 13 06/01/05 TO 06/30105 268-04074 - 002003 4739

v

Current Portfolio Adjust/Unit Total Estimated Estimated Unrealized Estimated Estimated Curren Date Cost Cost Market Market Gain or Accrued Annual Yield

Quantity Security Description Acquired Basis Basis - Price Value (doss) Interest Income %

Corporate Bonds

200,000 NM BANK AMERICA CORP BE 09/03/02 100 .00 200,000 98 .70 197,406 (2,594) 2,917 10,000 5 .06 06SEP02 15SEP12 SEMI-PAY 05.000% FIXRATE MOODY'S~ AA3 S&P: A+

4,000 MERRILL LYNCH CAP TR II 05/21/97 25 .82 . 103,288 26 .75 107,000 3,711 7,499 7 .47 DEF INT TR ORIG PFD SECS 8.00% PERPETUAL CUM

4,000 MERRILL LYNCH CAP TR II 06/19/97 25 .44 101,775 26 .75 107,000 5,224 7,999 7.47 DEF INT TR ORIG PFD SECS 8.00% PERPETUAL CUM

3,620 MERRILL LYNCH CAP TR 11 11/20/97 27 .37 99,082 26 .75 96,835 (2,247) 7,239 7.47 DEF INT TR ORIG PFD SECS 8.00% PERPETUAL CUM

11,620 Security Sub-Total 304,147 310,835 6,688 23,239 7 . 47

4,000 MERRILL LYNCH PFD CAP TR 01/12/98 25 .00 100,000 26 .29 105,160 5,160 6,999 6.65 DEF INT TR ORIG PFD SECS 7.00% CUM PERP SRS 111

5,000 MERRILL LYNCH PFD CAP TR 02/23/98 25 .14 125,718 26 .29 131,450 5,731 8,749 6 .65 DEF INT TR ORIG PFD SECS 7.00% CUM PERP SRS 111

9,000 Security Sub-Total 225,718 236,610 10,891 15,749 6 .65

4,000 JP MORGAN CHASE CAP IX 01/31/01 25 .00 100,000 26 .01 104,040 4,040 7,500 7.20 NEW MONEY 07.500% FEB 15 2031

4,000 MERRILL LYN PFD CAP TR V 10/29/98 25 .00 100,000 26 .77 107,080 7,080 7,280 6 .79 DEF INT TR ORIG PFD SECS 7.28% PERPETUAL CUM

10,000 PUBLIC STEERS 98 TRV-C1 03/17/98 10 .75 107,500 10 .70 107,000 (500) 7,750 7.24 DEF INT TRUST CTFS 07.750% DEC 01 2036

4,000 FLEET CAP TRUST VII 09/10/01 25 .00 100,000 25 .76 103,040 3,040 7,200 6.98 NEW MONEY 07.200% DEC 15 2031

4,000 JP MORGAN CHASE CAP X 01/25/02 25 .00 100,000 26 .00 104,000 4,000 7,000 6 .73 NEW MONEY 07.000% FEB 15 2032

l\`J.'~ f, , .3 _ L

Current Portfolio Adjust/Unit Total Estimated Estimated Unrealized Estimated Estimated Current Date Cost Cost Market Market Gain or Accrued Annual Yield

Quantity Security Description Acquired Basis Basis Price Value (Loss) Interest Income

Corporate Bonds

4,000 FLEET CAPITAL TRUST VIII NEW MONEY 07.200% MAR 15 2032

4,000 GENERAL ELECTRIC CAPITAL PUBLIC INCOME NOTES 06.625% JUN 28 2032

8,000 WELLS FARGO CAPITAL VIII TRUST PFD SECURITIES 05.625% AUG 01 2033

Total Corporate Bonds

(560) 11,248 5:63 07/21/03 25 .0 200,000 24 .93 199,440

2,137,366 2,163,379 26,013 10,020 142,191 6 .57

Current Portfolio Adjust/Unit Total Estimated Estimated Unrealized Estimated Current Date Cost Cost Market Market Gain or Annual Yield

Quantity Security Description Symbol Sector Acquired Basis Basis Price Value (Loss) Income

Equities

97,165 24 .98 74,940 (22,225) 3,360 4.48

19,994 53 .75 38,270 18,275 1,808 4.72 3,000 ** BRISTOL-MYERS SQUIBB CO BMY (A) 04/05/02

712 ** CAMDEN PPTY TR COM SBI CPT (G) 11/12/96 REIT

300 ** GENERAL ELECTRIC GE (E) N/A

5,000 ** HEWLETT PACKARD CO DEL HPQ (C) 07/06/01 3,500 ** HEWLETT PACKARD CO DEL 09/07/01

N/A 34 .65 10,395 N/A 264

132,200 23 .51 117,550 (14,650) 1,599 62,775 23 .51 82,285 19,509 1,119

002003 4739 IN I III III II' III 11111111 111 794198720030480005

2 .53

1 .36 1 .36

N/A

26 .44 17 .93


Page Statement Period Account No. 01079s 8o, f 13 06/01/05 TO 06/30/05 268-04074

03/01/02 25 .00 100,000 25 .96 103,840

06/13/02 25 .00 100,000 26 .25 105,000

3,840 7,199 6 .93

5,000 6,624 6.30

Equity Weighting by Economic Sector

A - Health Care 20% D - Consumer Discretionary 0% G - Financials 5% J - Energy 0°

B - Consumer Staples 0% E -Industrials 1 % H - Telecommunications Services 0% K - Unassigned o°

C - Information Technology 28% F - Materials 0% I - Utilities 46%

Economic sectors conform to the Global Industry Classification Standard . See statement backer .

32 .38

28 .08

Research Ratings ' ML Independent ' Independent Jaywalk Consensus Rating

Security Symbol Rating Research Provider Research Provider SELL HOLD BUY

BRISTOL-MYERS SQUIBB CO BMY C-2-8 Hold - Morningstar Hold - Ford Equity Research 1 .88

CAMDEN PPTY TR COM SBI CPT B-3-7 Hold - Morningstar Buy - R .E .I .T . Growth & Income Mon 2 .06 GENERAL ELECTRIC GE B-1-7 Hold - Morningstar Buy - Argus Fundamental Research 1 .65 HEWLETT PACKARD CO DEL HPQ 8-1-7 Hold - Morningstar Hold - Argus Fundamental Research ~ 1 .76 MERCK&CO INC MRK B-2-8 Buy - Morningstar Hold - Alpha Equity Research, Inc, 1 .83 NORTHEAST UTILITIES COM NU B-2-7 Hold - Morningstar Buy - Thomas White International 2 .24

PALMONE INC PLMO C-2-9 Sell - Morningstar Hold - Columbine Capital Services, 2 .27 SCOTTISH PWR PLC SPN ADR SP I A-1-7 Hold - Morningstar Hold - Thomas White International 1 .93

CREPT'%/E CENTER OF LOS ALTOS ,

Page Statement Period Account No . 0010796 9 of 13 06101/05 TO 06/30105 268-04074 002003 4739

i

Current Portfolio Adjust/Unit Total Estimated Estimated Unrealized Estimated Curren Date Cost Cost Market Market Gain or Annual Yield

Quantity Security Description Symbol Sector Acquired Basis Basis Price Value (Loss) Income

Equities

1,500 **' HEWLETT PACKARD CO DEL 09/07/01 . 17 .88 26,826 23 .51 35,265 8,438 479 1 .36 I 10,000 Security Sub-Total 221,802 235,100 13,297 3,199 1 .36

3,000 MERCK&CO INC MRK (A) 02/08/02 55 .22 165,687 30 .80 92,400 (73,287) 4,560 4 .93 I

5,000 ** NORTHEAST UTILITIES COM NU (1) 12/13/93 22 .89 114,460 20 .86 104,300 (10,160) 3,500 3 .35 2,267 ** NORTHEAST UTILITIES COM 10/05/94 22 .17 50,277 20 .86 47,289 (2,987) 1,586 3 .35 7,267 Security Sub-Total 164,738 151,589 (13,147) 5,086 3 .35

1 PALMSOURCE INC PSRC (K) 03/01/00 1,451 .60 1,451 8 .50 8 (1,443)

5 **' PALMONE INC PLMO (C) 03J01/00 469 .68 2,348 29 .77 148 (2,199)

2,900 T SCOTTISH PWR PLC SPN ADR SPI (1) 05/21/91 36 .65 106,307 35 .60 103,240 (3,067) 4,787 4 .63 3,464 T SCOTTISH PWR PLC SPN ADR 10/05/94 28 .86 99,992 35 .60 123,318 23,325 5,719 4 .63 6,364 Security Sub-Total 206,300 226,558 20,258 10,506 4 .63

Total Equities 879,488 829,410 (60,471) 28,786 3 .47

~~'~ti&r tr" d"~~ 4,

y

t ~ {V'i , ~ r

Research Ratings

Merrill Lynch Rating

Investment Ratings Indicators of expected total return (pace appreciation plus yield) within the 12- month period from the date of the initial rating, are: 1 - Buy (10% or more for Low and Medium Volatility Risk

securities - 20% or more for High Volatility Risk securities)

2 - Neutral (0 - 10% for Low and Medium Volatility Risk securities - 0 - 20% for High Volatility Risk securities)

3 - Sell (negative return) 6 - No Rating

Income Ratings Indicators of potential cash dividends are: 7 - same/higher (dividend considered to be secure) 8 - same/lower (dividend not considered to be secure) 9 - pays no cash dividend

Volatility Risk Ratings Indicators of potential pace fluctuation are: A - Low B - Medium C - High

Date Transaction Quantity Description Price Debit Credit

Dividends and Interest 06/01 tt Bond Interest PUBLIC STEERS 98 TRV-C1 3,875 .00

468 .75 06/15 11 Bond Interest

Account No . 268-04074 002003 4739 111111 11 III I III III III III 1 1111 111111111111111 1111

794198720010480006


Pa 1

oie Statement Period 0 13 06101105 TO 06/30/05 10797

Independent, Third-Party Research

Independent, third-party research on certain companies covered by the firm's research is available to clients at no cost . Clients can access this research at www.mlol.ml .com or can call

1-Boo-MERRILL to request that a copy of this research be sent to them . For an explanation of independent, third-party research ratings key, ask your Financial Advisor or FAC representative or go to

www.ml.com/independentresearch . Please note that the independent, third-party research rating shown above is not necessarily equivalent to, or derived using the same methodology as, ML

Research ratings or the ratings of other independ ent third-party research providers

Jaywalk Consensus Rating

Jaywalk Consensus Rating represents the average of the ratings of available independent, third-party research providers. For additional information about Jaywalk Consensus Rating, ask your

Financial Advisor or FAC representative or go to www.ml.com/independentresearch.

Total of Long Portfolio 3,347,929* 3,320,789 (37,533)- 184,894 5.57

Total of Estimated Accrued Interest 10,162 " - Excludes NIA Items Some agency securities are not backed by the full faith and credit of the United States government. < Derived from Moody's and/or S & P ratings for other debt securities of this issuer and provided by a third party vendor .

Statement Activity

NEW MONEY SER C1 07 .750 DEC 01 2036 HOLDING 70000 .0000 PAY DATE 06/01/2005 NM GENERAL MTRS ACCPT BE NOTES SER SMN 05 .625% JUL 15 2007

.. SCHEDULE OF UNREALIZED GAINS OR LOSSES

ESTIMATED PURCHASE TOTAL COST/ 06/30 CURRENT GAIN/ ANNUAL

QUANTITY SECURITY DESCRIPTION SYMBOL DATE COST SHARE PRICE VALUE -LOSS $INCOME %YLD -------- -------------------- ------ -------- --------- ----- ----- ------ ------- ------- ---- --

COMMON STOCKS - LONG

300 .000 A T & T CORP NEW T 04/30/99 22,364 .15 74 .55 19 .04 5,712 -16,652 285 5 .0 400 .000 A T & T CORP NEW T 08/03/99 30,332 .98 75 .83 19 .04 7,616 -22,717 380 5 .0 800 .000 A T & T CORP NEW T 08/31/99 53,985 .64 67 .48 19 .04 15,232 -38,754 760 5 .0

1,000 .000 A T & T CORP NEW T 09/22/99 63,942 .22 63 .94 19 .04 19,040 -44,902 950 5 .0 2,000 .000 A T & T CORP NEW T 05/03/00 121,893 .93 60 .95 19 .04 38,080 -83,814 1,900 5 .0 ---------- ----------- ------ ------- --------- ------

---- 4,500 .000 A T & T CORP NEW T 292,518 .92 65 .00 85,680 -206,839 4,275 5 .0 ..

132 .000 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 08/31/00 34,771 .46 263 .42 12 .00 1,584 -33,187 5 .000 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 08/31/00 1,315 .02 263 .00 12 .00 60 -1,255 0 .384 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 08/31/00 101,02 263 .07 12 .00 5 -96 79 .000 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 10/04/00 15,828 .26 200 .36 12 .00 948 -14,880 3 .000 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 10/04/00 600 .13 200 .04 12 .00 36 -564 ... 0.232 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 10/04/00 46 .35 199 .78 12 .00 3 -44

132 .000 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 02/15/01 11,938 .12 90 .44 12 .00 1,584 -10,354 5 .000 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 02/15/01 451 .49 90 .30 12 .00 60 -391 0 .384 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 02/15/01 34 .68 90 .31 12 .00 5 -30

357 .00 AGERE SYSTEMS INC ODDLOT TENDER OFFE AGR 65,086 .53 182 .32 4,284 -60,803 0 0

762 .000 AGILENT TECHNOLOGIES INC A 05/09/00 59,543 .19 78 .14 23 .02 17,541 -42,002 5,000 .000 AGILENT TECHNOLOGIES INC A 07/28/00 208,900 .00 41 .78 23 .02 115,100 -93,800 ~ I

---------- ----------- ------ -------- --------- OD 5,762 .000 AGILENT TECHNOLOGIES INC A 268,443 .19 46 .59 132,641 -135,802 0

N 0

Q GLR >5 00002584 000000024020 0006 20050711 002584

002005 Charles Schwab & Go ., Inc. All rights reserved . Member SIPC (0200-2403) REP14372R1-O1

SCHWAB Gain/Loss Report

PAGE 1 PORTFOLIO EVALUATION AS OF : June 30, 2005 PRICES AS OF : June 30, 2005 CHANGE IN PRICE SINCE 01/01/05 PREPARED DATE : July 9, 2005

ACCOUNT NUMBER : 71107009 S&P 500 Price -1 .70% ACCOUNT TYPE : BR Dow Jones Industrial Average -4 .71% ACCOUNTING METHOD : FIFO SCHWAS 1000 INDEX -0 .77

.11

S&P 500 Price -1 .70% Dow Jones Industrial Average -4 .71% SCHWAB 1000 INDEX -0 .77

ESTIMATED CURRENT GAIN/ ANNUAL ~r

VALUE -LOSS $INCOME %YLD ------ ------- ------- ---- 24,955 -7 580 2 .3 104,811 -28 2,436 2 .3

-------- ---- ------ ---- 149,730 -36 3,480 2 .3

14,875 -22,539 19,843 -30,928 39,687 -50,674 49,593 -57,400 99,217 -104,808

-------- --------- 223,216 -266,349

50,360 -11,200 480 1 .0 50,360 -9,450 480 1 .0

-------- -------- ---- ---- 100,720 -20,650 960 1 .0

40,960 -55,409 1,600 3 .9

8,663 220 2 .5 3,465 88 2 .5 ° 0

103,950 1,860 2,640 2 .5 0

116,078 1,860 2,948 2 .5 w

187,160 5,040 5,280 2 .8 0 W 0

SCHEDULE OF UNREALIZED GAINS OR LOSSES PURCHASE TOTAL COST/ 06/30

SYMBOL DATE COST SHARE PRICE ------ -------- --------- ----- -----CL 12/20/04 24,961 .66 49 .92 49 .91 CL 12/20/04 104,838 .96 49 .92 49 .91

----------- ------ CL 149,765 .95 49 .92

CMCSA 04/30/99 37,413 .75 77 .14 30 .67 CMCSA 08/03/99 50,771 .24 78 .47 30 .67 CMCSA 08/31/99 90,361 .00 69 .83 30 .67 CMCSA 09/22/99 106,993 .19 66 .17 30 .67 CMCSA 05/03/00 204,025 .68 63 .07 30 .67

----------- ------CMCSA 489,564 .86 67 .27

DIS 04/07/99 61,560 .00 30 .78 25 .18 DIS 05/24/99 59,810 .00 29 .91 25 .18

----------- ------ DIS 121,370 .00 30 .34

F 03/23/00 96,369 .39 24 .09 10 .24

GE o/~.7V Y yG ~. SO 34 .65 GE oar/ . :~,6/0.00 34 .65 GE 04/12/02 102,090 .00 34 .03 34 .65

----------- ------ GE 102,090 .00 30 .47

GIS 01/02/04 182,120 .00 45 .53 46 .79

Q GLR >5 00002584 000000024021 0006 20050711 002584

( - ( It" SCHWAB h 7t s

PORTFOLIO EVALUATION AS OF : June 30, 2005 PRICES AS OF : June 30, 2005 PREPARED DATE : July 9, 2005


QUANTITY SECURITY DESCRIPTION -------- -------------------- 500 .000 COLLATE-PALMOLIVE CO

2,100 .000 COLLATE-PALMOLIVE CO

3,000 .000 COLLATE-PALMOLIVE CO

485 .000 COMCAST CORP NEW CL A 647 .000 COMCAST CORP NEW CL A

1,294 .000 COMCAST CORP NEW CL A 1,617 .000 COMCA5T CORP NEW CL A 3,235 .000 COMCAST CORP NEW CL A

7,278 .000 COMCAST CORP NEW CL A

2,000 .000 DISNEY WALT CO 2,000 .000 DISNEY WALT CO

4,000 .000 DISNEY WALT CO

4,000 .000 FORD MOTOR COMPANY NEW

250 .000 GENERAL ELECTRIC COMPANY 100 .000 GENERAL ELECTRIC COMPANY

3,000 .000 GENERAL ELECTRIC COMPANY

3,350 .000 GENERAL ELECTRIC COMPANY

4,000 .000 GENERAL MILLS INC

Gain/Loss Report

PAGE 3


S&P 500 Price -1 .70 Dow Jones Industrial Average -4 .71% SCHWAB 1000 INDEX -0 .77%

..

ESTIMATED CURRENT GAIN/ ANNUAL

VALUE -LOSS $INCOME %YLD ------ ------- ------- ----

-r- 99,360 -4,520 1,280 1 . 3

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

101,844 -4,520 1,312 1 .3

2,992 -54,176 2,992 -44,773 4,988 -52,133

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

10,973 -151,081

8,780 4,565 3,730 41 1 .1

79,240 4,040 3,160 4.0

2,130 -41,009 2,130 -33,914 3,550 -39,550

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

7,810 -114,473

746 -4,798 1,119 -7,196 0 16,785 -107,944 0

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

18,650 -119,938 In 03

75,640 -31,680 3,040 4 .0 0

0

SCHEDULE OF UNREALIZED GAINS OR LOSSES

PURCHASE TOTAL COST/ 06/30 SYMBOL DATE COST SHARE PRICE ------ -------- --------- ----- -----MSFT 06/24/03 103,880 .00 25 .97 24 .84

----------- ------ MSFT 103,880 .00 25 .34

MIPS 10/23/95 57,168 .35 137 .55 7 .20 MiPS 02/23/96 47,765 .30 114 .92 7 .20 MIPS 10/22/96 57,120 .39 82 .45 7 .20

----------- -------MIPS 162,054 .04 106 .33

NCR 10/23/95 4,215 .19 16 .86 35 .12 qcoM ldl~3/d~ So3y15 33 .01 SLE 09/22/03, 75,200 .00 18 .80 19 .81

SGI 10/23/95 43,139 .26 14 .38 0 .71 SGI 02/23/96 36,043 .71 12 .01 0 .71 SGI 10/22/96 43,099 .76 8 .62 0 .71

--------- ------ 5G1 122,282 .73 11 .12

SUNW 02/15/01 5,543 .50 27 .72 3 .73 SUNW 02/15/01 8,315 .25 27 .72 3 .73 SUNW 02/15/01 124,728 .75 27 .72 3 .73

----------- ------SUNW 138,587 .50 27 .72

TE 03/19/02 107,320 .00 26 .83 18 .91

Q GLR >5 00002584 000000024022 0006 20050711 002584

(1(11 lt'.~ SCHWAB

PORTFOLIO EVALUATION AS OF : June 30, 2005 PRICES AS OF : June 30, 2005 PREPARED DATE : July 9, 2005


QUANTITY SECURITY DESCRIPTION -------- --------------------

4,000 .000 MICROSOFT CORP

4,100 .000 MICROSOFT CORP

415 .622 MIPS TECHNOLOGIES 415 .622 MIPS TECHNOLOGIES 692 .756 MIPS TECHNOLOGIES

1,524 .000 MIPS TECHNOLOGIES

250 .000 N C R CORP NEW 113 .000 QUALCOMM INC

4,000 .000 SARA LEE CORP

3,000 .000 SILICON GRAPHICS INC 3,000 .00 SILICON GRAPHICS INC 5,000 .000 SILICON GRAPHICS INC

11,000 .000 SILICON GRAPHICS INC

200 .000 SUN MICROSYSTEMS INC 300 .000 SUN MICROSYSTEMS INC

4,500 .000 SUN MICROSYSTEMS INC

5,000 .000 SUN MICROSYSTEMS INC

4,000 .000 TECO ENERGY INC

Gain/Loss Report

PAGE 5


nOnng; x r' ., i .,.. All ., .,tires --. ..a Le,. ...ti,. . Cior Innnn nAnrn orni Annnn, n .

(114a dtS SCHWAB Gain/Loss Repcfit

PAGE 7 PORTFOLIO EVALUATION AS OF : June 30, 2005 PRICES AS OF : June 30, 2005 CHANGE IN PRICE SINCE 01/01/05 PREPARED DATE : July 9, 2005

ACCOUNT NUMBER : 71107009 S&P 500 Price -1 .70% ACCOUNT TYPE : BR Dow Jones Industrial Average -4 .71% ACCOUNTING METHOD : FIFO SCHWAB 1000 INDEX -0 .77%

SCHEDULE OF UNREALIZED GAINS OR LOSSES ESTIMATED

PURCHASE TOTAL COST/ 06/30 CURRENT GAIN/ ANNUAL QUANTITY SECURITY DESCRIPTION SYMBOL DATE COST SHARE PRICE VALUE -LOSS $INCOME %YLD -------- -------------------- ------ -------- --------- ----- ----- ------ ------- ------- ----

250,000 .000 DAIMLERCHRYSLER 5 .20%071NTERNOTES DU 08/23/02 250,000 00 100-00 100 .84 252,101 2,101 13,000 5 .2 250,000 .000 DISNEY WALT CO 6 .75%06SR UNSCD BD DU 08/23/02 265,927 .50 106 .37 101 .90 254,747 -11,181 16,875 4 .8 100,000 .000 FORD MOTOR CRED 6 .50%07NOTES DUE O1/ 07/17/02 99,425 .00 99 .43 101 .31 101,311 1,886 6,500 6 .6 100,000 .000 INTL LEASE FIN 4%091LFC NOTES DUE 10 10/08/03 100,000 .00 100 .00 98 .18 98,178 -1,822 4,000 4 .0 100,000 .000 MARSHALL&ILSLEY 3 .60%09MINOTES DUE 0 10/08/03 100,000 .00 100 .00 49 .45 99,947 -53 3,600 3 .6

CORPORATE BONDS TOTAL $965,352 .50 $959,978 $-5,375 $51,250 4 .9

I PREFERRED STOCKS

6,900 .000 CORP BKD TR BELLSTH 6%97BELLSOUTH DU JBD 01/29/03 172,500 .00 25 .00 24 .80 171,120 -1,380 9,543 5 .6 8,000 .000 FLEET CAPITAL TR IX 6%33TR PFD SECS FBF+N 07/28/03 200,000 .00 25 .00 25 .55 204,400 4,400 12,000 5 .9 9,800 .000 GENERAL MOTORS 7 .375%51SENIOR NOTE D HGM 12/03/01 249,145 .40 25 .42 21 .01 205,898 -43,247 18,071 8 .8 4,000 .000 HSBC FINANCE CORP 6 .0%33 DUE 11/30/3 HTN 11/21/03 100,000 .00 25 .00 25 .01 100,040 40 6,000 6 .0 6,100 .000 ING GROEP NV 6 .20% PFD FDEBT SECS PE ISP 10/23/03 152,500 .00 25 .00 25 .33 154,513 2,013 9,455 6 .1 3,200 .000 LENMAN BR HLDG 6 .3750%52SERIES K DUE LEH+K 03/12/03 80,000 .00 25 .00 25 .15 80,480 480 5,101 6 .3 4,000 .000 PUBLIC STORAGE 6 .50% PFDCUM PERPETUA PSA+w 10/01/03 100,000 .00 25 .00 25 .03 100,120 120 6,500 6 .5 8,000 .000 ROYCE VALUE TR 5 .90% PFDCUM PERPETUA RVT+B 10/08/03 200,000 .00 25 .00 25 .00 200,000 11,800 5 .9 8,000 .000 WELLS FARGO CAP 5 .625%33GTD TR PFD D GWF 07/23/03 200,000 .00 25 .00 24 .93 199,440 -560 11,248 5 .6

G7 PREFERRED STOCKS TOTAL 1,454,145 .40 $1,416,011 $-38,134 $89,718 6 .3 0

0 o N

GRAND TOTAL 7,330,587 .71 $5,539,505 $-1,877,482 $208,331 3 .7 w 0 to 0

Q GLR >5 00002584 000000024023 0006 20050711 002584 I

$7.395.549.32

Charles Schwab

Schedule of Unrealized Gains or Losses June 30, 2005

Total Cost:

Per Statement: $7,330,587.71

Cisco Systems 19,377.20 Cisco Systems 25,504.76 Genl Electric Co. 8,462.50 Genl Electric Co. 3,610.00 Microsoft Corp. 2,973.00 Qualcomm, Inc. 5,034.15

Statement Period 06101l2005 to 0613012005

Account Number 249-01205-1-2 DLR

Banc of America Securities LLC Documentation Control Department 200 N College Street 3rd Floor, NCt-OQ4-03-45 Charlotte, NC 28255

Page 8 of 10

2642 - 8 110 97089

Banc of America Securities

Portfolio Holdings Securities positions held in your account are valued at or about the close of the statement period d prices are available from (internal and external) reference sources deemed reliable Banc of America Securities lLC has not venfted, and is not responsible for the accuracy or completeness of any such information Security valuations are for informational purposes only and do not necessarily reflect paces at which the security could have been bought or sold For more detailed values, please call your Account Executive Call features shown indicate the next quarterly scheduled call date and price Your holdings may be subject to other redemption features including sinking lands or extraordinary calls Furthermore this report is for informational purposes only and has peen prepared by us to assist you in the review of your account, and should riot be used for tax preparation without the assistance of your tax advisor !f you note any discrepancies, please contact your Account Executive immediately in writing N/A = Information not applicable or not available at the time of printing ACCOUNT TYPES Short = Short Sale, DvP = Deliver Versus Payment, Repo = Repurchase, RevR = Reverse Repurchase, W/li = Backup Withholding

Symboll Closing Accrued Portfolio Security Description CUSIP Type Quantity Market Price Market Value late(est 4'0

I Money Market Funds

NATIONS INSTITUTIONAL RESERVES MONEY MARKET NRAXX Cash 482,864 63 $ 1 00 $ 482,864 63 97 33 j RESVS ADVISOR CL 6385913766

j NATIONS INSTITUTIONAL RESERVES MONEY MARKET NMCXX Cash 13,22412 $100 . . . $13,22412 267 RE5V5 GAP CLASS 638598790

Total Money Market Funds $ 496,Q&8.75

I

Total Priced Portfolio $ 496,088.75

I j Money Market Activity

Symbol t Ill Description CUSIP Date Transaction Type Quantity Price (Debit)/Credit I NATIONS INSTITUTIONAL RESERVES MONEY MARKET RESVS ADVISOR NRAXX 06/0112005 Reinvest Cash 1,46842 $000 $(1,46842)

CL MONTHLY DIVIDEND REINVESTED 63859B766

NATIONS INSTITUTIONAL RESERVES MONEY MARKET RESVS CAP NMCXX' 06/0712005 Reinvest Cash 3194 . $000 $(3194)

CLASS MONTHLY DIVIDEND REINVESTED 638598790

NATIONS INSTITUTIONAL RESERVES MONEY MARKET RESVS ADVISOR ' NRAXX 06/15/2005 Purchase Cash 6.58353 $000 $(6,58353) 638598766

Total Money Market Activity $(8,Q83.89)

496,086-75

3,216 , 579- -f2 "f'

3,7127668 - 4 E ..

Transaction Activity Descriptan Amount

---Interest $4,840.70 rJther.Iransaction Activity $1742.83

r--

Income and Expense ~--~--'`_ Summary The Income data n pwded for+rtfortrtat+onai putpeses only .

Descnpbon

Corporate Band Interest Mortgage/As set- Back rest

$4,660.42 $0.00 --'"-$4., .fj $180.28 $0.00 $7

$4.840.70 $i}.00 $4,840.70

MATURITY SCHEDULE

031225

Client statemc~it Bank of America, NA Bank of America . 0610112D05 to 06!30J2005 Customer Service

Mail Code NC 1 -004-03-06 200 N . College 5t .

Account Number Charlotte, N.C . 28255 237998 800.933.9662 Page 3 of

are reported m the action, Interest income from products which pay mtercst only at maturity am not reflected

s~^- Non-Reportable Tote! income

a °~o~h-W-Gate Month-to-Date

AND EXPENSES

Next Next Cusp/ Coupon Coupon

Security Secuniy# Coupon Maturity Quantity Market Value Date Amount Pledge Pledge Units

BOEING CAP CORP SERIES NOTZ Q9JUUPBElO 3 .&D96 U7i15/2dQ5 100,000 $100,003 .00 D7i]5l1D05 $900.00 Y 100,000 .00 SR liNSECD MfD'tERM fMERNTS PUT IN EVENT Of HLQRS DEATH

DOW CHEMICAL COMPANY 5ER NOTZ 16054LAM5 4.1596 08/15(I005 250,000 $249,977.28 0811512005 E5,187.50 Y 250,000 .00 SR UNSECD MEQ TERM lN7ERMS PUT IN EVENT OF HLDflS DEATH

GEN ELEC CAP CARP SERIES NOTZ 369B6RAK2 2.80% 12J15JL005 !50,000 $149,291 .40 12!15/1005 $2,100.0Q Y 150,000 00 dNSECD SR M£D TERM INTERNOTES PUT IN EVENT 0F HLDRS DEATH

Client Statement Bank of America, NA 06/01/20M to 06/313/2005 Customer Service

Mail Code NC1-004-03-06 200 N. College St .

Account Number Charlotte, N.C . 28255 237998 800.933.9662

MATURITY SCHEDULE continued

Page 4 of 11

Next Next Cusip/ Coupon Coupon

Security Security# Coupon Maturity Quantity Market Value Date Amount Pledge Pledge Units

BANK OF AMERICAN A NAC048965 2.5196 12/1511005 150,000 $150,000 .00 12/15/1005 $3,817.29 Y 150,000.00 CERTIFICATE OF DEPOSIT PAYMENT AT MATURITY

BANK OF AMERICAN A NAC097430 2.85% 02/L32006 100,000 $100,000 .00 02(13(1006 $2,88958 Y 100,000.00 CERTIFICATE OF DEPOSIT PAYMENT AT MATURITY

BANK OF AMERICANA 06050GMR8 3.08% 05/302006 100,000 $100,000.00 05/30/2D06 $3,148 .44 Y 100,000 00 CERTIFICATE OF DEPOSIT

BOEING CAP CORP SERIES NOTZ 09700PCG1 4 .8096 10/152006 100,000 x100,622 .60 07/15/1005 $1,200.00 Y 100,000 00 UNSECO SR MED TERM INTERNOTES PUT IN EVENT 4F HLDRS DEATH

BANK OF AMERICAN A NAC012357 2.37% 10/152006 150,000 $150,000.00 10/15!1006 $7,208 .75 Y 150,000 00 CERTIFICATE OF DEPOSIT PAYMENT AT MATURITY

CVT GROUP INC UNSECD SR MEDIUM 12557WAS0 4.7596 12/15/1D06 150,000 $150,020 .55 091152005 $1,781 .25 Y 150,000.00 TERM INTERNOTES SERIES NOTZ PUT IN EVENT OF HLORS DEATH

BANK OF AMERICANA 06050FPU0 2 .7796 04/162007 350,000 N/A 10/16/2005 $4,847.50 Y 350,000 00 CERTIFICATE OF DEPOSIT

US TREASURY NOTE 9128272U5 6 .62596 05/15/1007 100.000 $105,352.00 11/1512005 $3,31250 Y 100,000 00 6.625 NOTE 05,137

U S TREASURY STRIPS 912833CS7 08/15/1007 100,000 $92,678 .00 Y 100,000 00 TINT 02/15/15

BankofAmerica . ,.,...,~ "'.i

Client stacemw it Bank of America, NA 06/018005 to 08/30!2005 Customer Service


Account Number Charlotte, N.C . 28255 237996 800.933.9662


Page 5 of 11

031227

BaAikO#Atnet'1C a . ~.

Next Next

Cusip/ Coupon Coupon

Security Secunty# Coupon Maturity Quantity Market Value Date Amount Pledge Pledge Units

DOW CHEMICAL COMPANY SER NOTZ 26054LAS2 4.2596 09/15/I007 200,000 $197,195 .00 09/15/Z005 $4,25000 Y 200,000 .00

SR UNSECD MED TERM INTER NTS PUT IN EVENT OF HLDRS DEATH

FHLB UNSECD TAP ISSUE BONDS 3133MTQB7 3 .5096 11/158007 300,000 $297,564 .00 11/158005 $5,250.00 Y 300,000 00

SERIES 7Y07

LEHMAN BROTHERS HOLDINGS NOTES 524908CV0 7.0096 02/01/Z008 150,000 $266,925 .50 08!91/1005 $8,750 .00 Y 250,000 .00

JOHN HANCOCK SR UNSUB UNSECD 41013MA86 4 .2596 09/15/2009 100,000 $100,615 .00 07/15/1005 E354 17 Y 100,000 00

PAED TERM SIGNATURE NTS SERIES SIGN PUT IN EVENT HLDRS DEATH

CREDIT SUISSE FB USA INC 215411A89 6 .12596 11/15/2011 200,000 $111,554.59 11/158005 $6,125.00 Y 200,000.00

GLOBAL NOTES

U S TREASURY STRIPS 912833DC 1 08/158012 100,000 E76,011 .00 Y 100,000 00

TINT 08/15/12

GOLDMAN SACHS GROUP INC 38141GCG7 5 .7096 09M1R012 100,000 $212,804 .20 09101/I005 $5,700 .00 Y 200,000 .00

GLOBAL NOTES

J HANCOCK LIFE INS SERIES SIGN 41013MBS8 5 .1096 10/15Q012 100,000 $102,964.20 07/15/1005 $425.00 Y 100,000 00

SR UNSUB MED TERM SIGNATURE NT PUT IN EVENT OF HLDRS DEATH

MERRILL LYNCH & CO MEDIUM TERM 59018YTZ4 5 .4596 07/15Q014 250,000 $264,027 .48 07/15!1005 $6,812 .50 Y 250,000 .00

NOTES SERIES C

Bank of America, NA Customer Service Mail Code NC1-004-03-06 200 N. College St. Charlotte, N.C . 28255 800.933.9662

Account Number 237996


Page 6 of 11

Client Statement 06/01/2005 to 06/30/2005

BankOtArneric a.

Next Next Coupon Coupon

Secunty Secunty# Coupon Maturity Quantity Market Value Date Amount Pledge Pledge Units

GNMA POOL 584335 36201JEG0 6 .5096 04/15R032 255,000 $31,973 .94 07i01Q005 $170.84 Y 31,538 .92

30 YEAR SINGLE FAMILY Original Face 31,538 .91

Current Face

PORTFOLIO HOLDINGS Securities positions eye valued et or about the close of the statement period A prices am available from reference sources deemed reliable For money market positions, R price is shown as N/A, a derived

valuation (unadjusted for the credit quality) is provided based on the original cost basis reported W the Bank and adjusted by the amount of any accrued discount from the purchase date W the end of the

statement period The month-end valuations of your portfolio are for gwdanceonly and do not necessarily inflect prices et which each position could he sold or, if short, covered on the valuation date,

particularly m the case of inactivity or infrequently traded securities Bank cannot guarantee the accuracy of such information. N/A=Inflonnation riot applicable or available at the time of statement creation

Cusip/ Next Next Portfolio

Security Description Secuniy# Coupon Maturity Quantity Market Price Market Value Coupon Coupon %

Date Amount

Agendas

fHLB UNSECD TAP ISSUE BONDS 3133MTUB7 3.5096 11/15/2007 300,000.00 99 .188 $297,56400 11/15/1005 $5,250.00 834

SERIES 7Y07

Total Agencies 300.I)DO.D0 $297,564.00 $5,250.00

Next Next Portfolio

Security Description Security# Coupon Maturity Quantity Market Price Market Value Coupon Coupon 96 Date Amount

Corporals Bonds

BOEING CAP CORP SERIES NOTZ 09700PBO0 3 .6096 07/15/1005 100,000 .00 100 .003006 $100,003 .00 07/1 5/2005 $900 00 280

SR UNSECD MED TERM INTERNTS PUT IN EVENT Of HLDRS DEATH

Client Statement Bank of America, (11A os/o1R0o5 to os/3oROO5 Customer Service


Bank of America. .

031229

r

Account Number Charlotte, N.C . 28255 237996 800.933.9662 Page 7 of tt

PORTFOLIO HOLDINGS continued Cusp/ Next Next Portfolio

Security Description Security# Coupon Maturity quantity Market Price Market Value Coupon Coupon % Date Amount

Corpors0e Bonds continued

DOW CHEMICAL COMPANY SER NOTZ 26054LAM5 4 .1596 08/15Q005 250,000 00 99.990906 $249,977.26 08/15/1005 $5,187.50 701

SR UNSECD MED TERM INTERNTS PUT IN EVENT OF HLDRS DEATH

GEN ELEC CAP CORP SERIES NOTZ 36966RAK2 2.8096 12/158005 150,000.00 99 .527603 $149,291 .40 12/15Q005 $2,10000 4 1,9

UNSECD SR MED TERM INTERNOTES PUT IN EVENT OF HLDRS DEATH

BOEING CAP CORP SERIES NOTZ 09700PCG1 480% 10/15/1006 100,000 .00 100.622604 $100,622 .60 O7/15/L005 $1,200.00 282

UNSECD SR MED TERM IIYTERNOTES PUT IN EVENT OF HLDRS DEATH

CfT GROUP INC UNSECD SR MEDIUM 11557WAS0 4.7596 12!15/1006 150,000.00 100.013702 $150,020 .55 09/152005 $1,781 .25 421

TERM INTERNOTES SERIES NOTZ PUT IN EVENT OF HLDRS DEATH

DOW CHEMICAL COMPANY SER NOTZ 26054LAS2 4 .2596 09/15Q007 200,000 .00 98.597504 $197,19500 09/15/1005 $4,25000 553

SR UNSECD MED TERM INTER NTS PUT IN EVENT OF HLDRS DEATH

LEHMAN BROTHERS HOLDINGS NOTES 524908CV0 7.00% 02A1/1008 150,000.00 106 .770203 $266,925 .50 OBi01/1005 $8,750 .00 7.48

II JOHN HANCOCK SR UNSUB UNSECD 41013MAB6 4.2596 09/15Q009 100,000.00 100 .615005 $100,615.00 07/15/1005 $354 17 2 .82

MEO TERM SIGNATURE NTS SERIES I, SIGN PUT IN EVENT HLDRS DEATH

CREDIT SUISSE FB USA ING 22541LAB9 6 .12596 11/15/LOt 1 200,000 .00 108 .777298 $217,554 .59 11/15/10o5 $6,12500 6.10

GLOBAL NOTES

Bank ofAmerica. Client Statement Bank of America, NA 06/01/2005 to 06/30/2005 Customer Service


Cusip/ Next Next Portfolio Security Description Secunty# Coupon Maturity Quantity Market Price Market Value Coupon Coupon %

Date Amount Money Mantel

BANK Of AMERICANA NAC048965 2.51% 12/15/L005 150,000.00 N/A $150,000.00 12/15/I005 $3,81729 421 CERTIFICATE OF DEPOSIT PAYMENT AT MATURITY

BANK OF AMERICAN A NAC097430 1 .8596 0183/1006 100,000 .00 N/A $100,00000 02/13/1006 $2,889 .58 2 .80 CERTIFICATE OF DEPOSIT PAYMENT AT MATURITY

BANK OF AMERICA NA 06050GMR8 3.0896 05/30(1006 100,000,00 N/A $100,000 .00 0530/1006 $3,148 .44 z .eo CERTIFICATE OF DEPOSIT

Account Number Charlotte, N.C . 28255 237996 800.933.9662 Page 8 0/ 11

PORTFOLIO HOLDINGS continued Cusip/ Next Next Portfolio

Security Description Securityr# Coupon Maturity Quantity Market Price Market Value Coupon Coupon 96 Date Amount

Corporate Bonds corfinued

GOLDMAN SACHS GROUP INC 38141 GCG7 5 .7096 09N1R012 200,000 00 106 .4021 $212,804 .20 0901/1005 $5,700 .00 597 GLOBAL NOTES

J HANCOCK LIFE INS SERIES SIGN 41013MBS8 5.10% 10/158012 100,000 .00 102 .964203 $102,964 .20 07/15/1005 $42500 2 .89 SR UNSUB MED TERM SIGNATURE NT PUT IN EVENT OF HLDRS DEATH

MERRILL LYNCH S CO MEDIUM TERM 59018YTZ4 5 .4596 07/15/2014 250,000.00 105 .610992 $264,021 .48 07/15/1005 $6,81250 7 .40 NOTES SERIES C

Total Corporate Bonds 2,050,000.00 , X2,112,000.78 643,585.42

Sankof America . . 00

Chant Staten,-, it Bank of America, NA 06/Q1R005 to 0630/2005 Customer Service


031231

Account Number Charlotte, N.C . 28255 237996 800 933.9662 Page 9 of 11

PORTFOLIO HOLDINGS continued Cusip/ Next Next Portfolio

Security Descnption Secunty# Coupon Maturity Quantity Market Price Market Value Coupon Coupon 96 Date Amount

Money Market continued

BANK OF AMERICA N A NAC012351 2.37% 10Q5/L006 150,000 .00 N/A $150,000 .00 10/158006 $7,208 .75 421 CERTIFICATE OF DEPOSIT PAYMENT AT MATURITY

BANK OF AMERICA NA 06050FPU0 2 .7795 04/16Q007 350,000 .00 N/A N/A 10/76/1005 $4,84750 9 .$1 CERTIFICATE Of DEPOSIT

Total Money Market 850,000.00 6500,000 .00 $21,911.56

Cusip/ Next Next Portfolio Security Description Secunty# Coupon Maturity Quarrtrty Market Price Market Value Coupon Coupon 90

Date Amour

Mortgage/Asset Backed

GNMA POOL 584335 36201 JEGO 6.50% 04/158032 255,000 104.550003 $32,973 .94 07/01/2005 $170 .84 0 .92

30 YEAR SINGLE FAMILY Original face 31,538 .92

Current Face

Toil Mortgage/Asset Backed 31,538.91 632,973.94 $ 170.84

Cusip/ Next Next Portfolio

Security Description Secunty# Coupon Maturity Quantity Market Price Market Value Coupon Coupon 96 Date Amount

Treasuries

U3TREASURY NOTE 9i28272U5 6,625% 05/15/I007 100,000.00 105 .352 $105,352 .00 11/158005 $3,312 .50 2.95 6 .625 NOTE 05107

Client Statement Bank of America, NA BankofAmerica. O6/OtrZ005 to O6/30R005 Customer Service

Mail Code NC1-004-03-06 200 N. College St.

Account Number Charlotte, N.C . 28255 237996 800.933.9662 Page 10 0l 11

PORTFOLIO HOLDINGS continued Next Next Portfolio

Security Description Secunty# Coupon Maturity Quantity Market Price Mantel Value Coupon Coupon °b Date Amount

Treasuries continued

U S TREASURY STRIPS 912833CS7 08/15/2007 100,000 .00 92 .678 $92,678 .00 2 .60

TINT 02/15/15

U S TREASURY STRIPS 912833DC1 08/15/1012 100,000.00 76.011 $76,011 .00 2 .13

TINT 08/15/12

Total Treasuries 300,000.00 1274,041 .00 $3,312 .50

Total Port(ofro Holdings $3,216,579.72

Cusip/ Date Securrty#

06/15/10 36201JEG0

TOTAL TRANSACTION ACTIVITY

Date Description

Description Transaction

GNMA POOL 584335 Paydown

30 YEAR SINGLE FAMILY _

Transaction 'Ta'?-1Ni

Quantity Price Net Amount ~ _ ..-

"31,538 92 0 .00 1,74283 Current face

:1,142 .83

Total Income Reportable Non-Reportable INCOME AND IXPENSE ACTIVITY

ID6/15/1005 GyMA POOL 584335 Interest $0.00 ""~18f! 18 $0.00 $180 .28 y30 YEAR SINGLE FAMILY �~"'°-e�.~,

O6/15Q005 CIT GROUP INC UNSECD SR MEDIUM Interest $0 .00 $1,70125 ~'~50:00,_ $1,781 .25

TERM IMERNOTES SERIES NOTZ I ' " PUT IN EVENT OF HLDRS DEATH

-- - - - - -

e y-, s 4G i ~ . ` ~' 3~~r'aF., t ~ . ass n aks o ,N,d x . 't~ W .. v y~e x $ . S P~ -..

UBS Hedge Fund Services, a division of UBS Securities LLC Introducing to UBS Financial Services Inc .

Account Number : IJ 79336 FI Your Financial Advisor STEVE JAKOSA@ 1-86G-488-8883

PMHAOa4859-)

oooooz Statement Period: June 2005

Common stock Bt annual Trade Shares Unrealized

Total --hales Description Pace Current value income date purchased Punhase pace Cot htnis Gein/loss

1,500 ALLSTATE CORP 59 750 89,625.00 1,920 01/21104 1,500.000 45 058 67 .662 21 96 :

900 ALLTEL CORP 62.280 56,052.00 1,368 01/22/04 900.000 50 032 45 074 10 971

1,250 AMER EXPRESS CO 53.230 66,537.50 600 05/18/04 1,250 .000 48 922 61 .215 5 32:

1,300 AMER INTL GROUP INC 58.100 75,530.00 650 01122104 700 000 69 848 48 929 -8 25: 05/28104 600.000 73 188 43.943 -9 08 :

1,200 ANADARKO PETROLEUM CORP 82.150 98,580.00 864 01/23104 1,200.000 51 735 62.142 36.431

1,400 ASTRAZENECA PLC SPON ADR 41 .260 57,764.00 1 .316 01/21104 1,400.000 48 660 68195 -1043-

2,800 AXA ADR 24.910 69,748.00 1,870 01/26/04 2,800 000 23.648 66,354 3 391

2,000 BAKER HUGHES INC 51 .160 102,320.00 920 01/26104 2,000.000 35 916 71 .933 30 38i

7,200 BANCO SANTANDER CENTL HtSPANO 11 .580 83,376.00 2 657 01127104 7,200 .000 11 .996 86 663 -3 28i

39.940 63,904.00 2.877 01/23/04 1,600.000 37 633 60,292 3 612 66.000 79,200.00 2,066 01/22/04 1,200.000 57 226 68.734 10 46E 41 .600 66,560.00 3.051 01122104 1,600.000 34 011 54,513 12.047

95.310 133,434.00 1,400 01123/04 1,400.000 83 548 117,038 16,39E

55.920 67,104.00 2,160 04126104 1,200.000 46 209 55,490 11 614

19.080 74,412.00 03/08105 3,900.000 18.335 71 .702 2,710

57.490 91,984.00 1 .984 01127/04 1,600.000 33.942 54.347 37,637 39.140 101,764.00 2,075 01/22104 2.600 000 38 235 99 541 2,223 39.460 78,920.00 01/27104 2,000.000 34.528 69,156 9.764 29.730 47,568.00 1,984 01126/04 1,600.000 21 144 33,910 13 658

29.610 71,064.00 1,906 01126104 2,400.000 21754 52,258 18.806

'onhnued on page 3 June 051 IJ 79336 F1

Withholdings and tax summary Current period Year-to-date

Foreign taxes paid -2,60438 -600068

Asset portfolio When available paces income and current values may be approximate and thus gams/losses may not be accurately reflected An asterisk (') indicates the caJculabon of unrealized ganis/losses based upon a UES Financial Services adjustment to cost basis The number "f" indicates cost bass information has been provided by a source other than U8S Financial Services See the back of the first page for additional information Geinsllosses are not calculated for zero coupon investments "Pending adjustments' or "P/A" indicates cost basis has not yet been allocated as a result of a spin-off or taxable exchange

Equities

S A SPON ADR 1,600 BARCLAYS PLC ADR ADR 1,200 BASF AG SPON ADR 1,600 BT GROUP PLC SPON ADR 1,400 CATERPILLAR INC 1,200 CHEVRON CORP 3,900 CISCO SYSTEMS INC 1,600 CONOCOPHILLIPS 2,600 CREDIT SUISSE GROUP SPON ADR 2,000 DELL INC 1,600 DUKE ENERGY CORP 2,400 E ON AG SPON ADR

Page 2 of 7

~ f m ~ r ~,yk ~ a :, ~, Nt' ~ ' 'S ~y( : g. ,fi' ~u :t,<"s~ { "R y S~ S-. t t !~} tr n,r' ~ r ~w s~ t'UM _ 4 . ~k ~r 'yv'~ $b: ~:Srr . ~ F : "YSd. 3r

r

llBS Hedge Fund Services, a division of UBS Securities LLC Introducing to UBS Financial Services Inc.

Account Number : IJ 79336 FI Your Financial Advisor STEVE JAKOSA@1-866-488-8883

PMHA044860

ooooo ; Statement Period : June 2005

Common stock - continued Est annual Trade Shares Unreahze

Total shares Description Price Current value income date purchased Purchase pace Cost basis Gain/lo

5,600 EMC CORP MASS 13.710 76,776.00 01/21/04 5,600.000 15.007 84,323 -7,5~

1,400 ENEL SPA SPON ADR 43.410 60,774.00 , 4,439 01/22/04 1,400.000 36 859 51,687 9,0.

900 FEDEX CORP 81 .010 72,909.00 288 01/27/04 900.000 69 387 62,493 10,4 2,800 GAP INC 19.750 55,300.00 504 01/22/04 2,800.000 20.048 56,274 -9

1,200 GENL ELECTRIC CO 34.650 41,580.00 1,056 01/21/04 1,200.000 33.701 40,501 1,0'.

1,325 GENL MILLS INC 46.790 61,996.75 1,749 01/29/04 1,325.000 46.017 61,039 9:

1,350 GLAXO SMITHKLINE PLC ADR 48.510 65,488.50 2,101 01/26/04 1,350.000 45 119 60,978 4,5

700 GOLDMAN SACHS GROUP INC 102.020 71,414.00 700 05/18104 700.000 93.650 65,590 5,8.

1,300 HITACHI LTD ADR NEW JAPAN 60.620 78,806.00 1,249 01/22/04 1,300.000 67.788 88,192 -9,31

1,150 HONEYWELL INTL INC 36.630 42,124.50 949 10126/04 1,150.000 32.963 37,957 4,1f

800 HSBC HOLDINGS PLC NEW GB SPON 79.650 63,720.00 2,080 01/27104 500.000 78.290 62,672 1,0~

ADR 800 ILLINOIS TOOL WORKS INC 79.680 63,744.00 896 01/22/04 800.000 81 .902 65,561 -1,81

2,200 ING GROEP N V NL SPON ADR 28.050 61,710.00 2,198 01/22/04 2,200.000 26.679 58,797 2,91

3,000 INTEL CORP 26.020 78,060.00 960 01/23104 3,000.000 31 .689 95,219 -17,1 :

700 INTL BUSINESS MACH 74.200 51,940.00 560 03/08/05 700.000 92.312 64,654 -12,71

1,500 INTL PAPER CO 30.210 45,315.00 1,500 01/27/04 1,500.000 42.705 64,133 -18,81

900 JOHNSON & JOHNSON COM 65.000 58,500.00 1,188 01/21104 900.000 52.313 47,126 11,31

1,450 KEYCORP NEW 33.150 48,067.50 1,885 01122/04 1,450.000 31 .125 45,205 2,8E

800 KIMBERLY CLARK CORP 62.590 50,072.00 1,440 01/21104 800.000 55.928 44,782 5,2E

1,800 KLA -TENCOR CORP 43.680 78,624.00 01126/04 1,800.000 59.282 106,799 -28,1"r

3,400 LAFARGE NEW SPON ADR 22.790 77,486.00 2,632 01/21/04 3,400.000 21 .469 73,147 4,32

1,150 LEHMAN BROS HOLDINGS INC 99.280 114,172.00 920 01/26/04 1,150.000 85.038 97,852 16,3

800 LOCKHEED MARTIN CORP 64.870 51,896.00 800 01/23/04 800.000 50.945 40,796 11,1(

1,200 LOWES COMPANIES INC 58.220 69,864 00 288 01/26/04 1,200.000 55.120 66,204 3,6E

4,000 MATSUSHITA ELEC IND I4DR JAPAN 15.180 60,720.00 540 01/23/04 4,000.000 15.510 62,217 -1,49

725 MERCK & CO 30.800 22,330.00 1,102 01/22/04 725.000 46.165 33,506 -11,17 1,800 MICROSOFT CORP 24.840 44,712.00 576 01/27/04 1,800.000 28.412 51,232 -6,52

7,200 MITSUBISHI TOKYO FINANCIAL 8.480 61,056.00 382 01/26/04 7,200.000 7.595 54,974 6,08 SPON ADR

1,350 MORGAN STANLEY 52.470 70,834.50 1,458 03/09/05 1,350.000 59.618 80,551 -9,71

4,000 NISSAN MTR LTD SPONS ADR JAPAN 19.880 79,520.00 1,604 01127/04 4,000.000 22.261 89,259 -9,73

Page 3 of June Osl IJ 79336 FI Continued on page

UBS Hedge Fund Services, a division of UBS Securities LLC Introducing to UBS Financial Services Inc .

e

Account Number : IJ 79336 FI Your Financial Advisor STEVE JAKOSA@ 1-866-488-8863

s

PMHA04486 I-

- ooooua Statement Period : June 2005

Common stock - continued Fst annual Trade Shares urirealize

'total shares Description Price Current value income date purchased Purchase pace Cost bass Gain/!o!

3,500 NOMURA HOLDINGS INC NEW SPON 11 .942 41,797.00 613 01122/04 3,500.000 17 .508 61 .433 -19.6 : ADR

1,000 OCCIDENTAL PETROLEUM CRP 76.930 76,930.00 1,240 05120/04 1,000.000 45 595 45,645 31,2F 5,600 ORACLE CORP 13.200 73.920.00 01122/04 5,600.000 14 568 81 .862 -7 9z

800 PROCTER & GAMBLE CO 52.750 42,200.00 896 01/23/04 800.000 49.200 39.385 281 1,800 ROYAL DUTCH PETE CO N Y 64.900 116,820.00 3,805 01123104 1,800.000 47.860 86238 .30 5P

REGISTRY SH PAR N 0 56 EUROS ADR

1,856 SANOFf-AVENTIS SA SPON ADR 40.990 76,077.44 1,195 08126/04 1,856.000 35 185 65,303 -10,77

2,000 SANPAOLO IMI S P A SPON ADR 27.380 54,760.00 1,716 01/26104 2,000.000 27 504 55 124 -36

4,500 SIEBEL SYSTEMS INC 8.900 40,050.00 450 01123104 4,500 .000 13 905 62,799 -22,74 ',

675 SIEMENS A G SPON ADR 72.650 49,038.75 866 01/27/04 675.000 83.783 56.588 -7,54 I, 1,100 SONY CORP ADR NEW JAPAN 34.440 37,884.00 242 01/27104 1,100.000 40.450 44.550 -6,66

600 SUNTRUST BANKS INC 72.240 43,344.00 1,320 01122104 600.000 72485 43,521 -17

1,125 TELEFONICA S A SPON ADR 48 .900 55,012.50 830 06116/05 1,125.000 48 163 54,240 77

2,600 TEXAS INSTRUMENTS 28.070 72,982.00 260 03/09/05 2,600.000 2G 685 69,511 347

3,600 TIME WARNER INC 16.710 60,156.00 03/10105 3,600.000 17 687 63 855 -369

800 TOTAL S.A . FRANCE SPON ADR 116.850 93,480.00 2,342 01127/04 800.000 91 665 73.372 20,10

1,650 TRANSOCEAN INC ORD 53.970 89,050.50 03/10/05 1,650.000 47 870 79,066 9,98

2,400 NCO INTL LTD NEW 29.200 70,080 00 960 03108105 2,400.000 35 876 86,224 -16,14

800 UBS AG (USD) NEW ORD 77.850 62,280.00 2,018 01126/04 500.000 72 729 58,223 4,05

1,600 UNTO TECHNOLOGIES CORP 51 .350 82,160.00 1,408 01126104 1,600.000 47.200 75,560 660

2.300 U5 BANCORP DEL (NEW) 29.200 67,160.00 2.760 05128104 2,300.000 28 082 64,705 245

3,300 WALT DISNEY CO (HOLDING CO) 25.180 83,094.00 792 01/23/04 3,300.000 24 156 79 880 3.21

DISNEY COM Total $ 4,843.234.44 91,425 4,619,895 223,33 li

June 051 IJ 79336 F1 Page 4 of 7

v~ ^ -y .` .y~ . . ~ T ̀ J 9 t~ " - �t � ",,,s .x ".

UBS Hedge Fund Services, a d~~, ;sion a, UBS Securities LLC Introducing to UBS Financial Services Inc.

Account Number: IJ 79336 FI Your Financial Advisor STEVE JAKOSA@1-866-488-8883

PMHA044862

- ooooc Statement Period : June 2005

Notice of availability Independent, third-party research on certain companies covered by U8S Research is available to customers of U85 in the United States at no cost Customers can access this reseal call 1-877-208-5700 to request that a copy of this research be sent to them

a Monthly activity

Cash slow \l 4 j- 619~895 . "r Date Activity Description Amount Date Activity Descripti on ~- -> ` `~ `~0 ~ C,~1 ~ , + 25

97 127.51 06/07 DIVIDEND JOHNSON & JOHNS 4 8 0

9 05/31 Balance forward S y~;+r1f?> 06101 INTEREST INTEREST ON CREDIT BALANCE 201 .39 PAID ON 900

I, 06/01 DIVIDEND CONOCOPHILLIPS _ 496.00 06/08 FOREIGN SONY CORP ADR N 21 PAID ON 800 -- DIVIDEND JAPAN

06/01 FOREIGN HITACHI LTD ADR NEW 662.28 PAID-ON' '~ 1100

DIVIDEND JAPAN ',~ `'= 06/03 FOREIGN TAX.--"SONY CORP ADR N

PAID ON 1300 ``~~-~~ WIT[lk1ELIS~ JAPAN

06/01 FOREIGN TAX HITACHI LTD ADR NEW -46.36~~'~ ~ 01U9'-FOREIGN CREDIT SUISSE GROUP SPON 3,19

WITHHELD JAPAN ~~ ~ '----s_ pIVIDEND ADR

06/01 DIVIDEND INTEL CORP _.�..24Cr.OU `~``"<~~ PAID ON 2600 PAID ON 3000

____ ~ 06/09 FOREIGN TA*,,CREDIT SUISSE GROUP SPON -471

06/01 DIVIDEND KLA -TENCOR CORP 216.00 WITHHELD ADR-, PAID ON 1800 06109 FEE CREDIT SUIS,5E GROUP SPON -i

06/03 FOREIGN SANPAOLO IMI S P,_A~SPON'2,351.86 ADR DIVIDEND ADR - ~ 06/09 DIVIDEND MICROSOFT CORP 14Z

PAID ON 1800 PAID ON 2000 06/03 FOREIGN-TAX "SANPAOLO IMI S P A SPON -635.00 06/10 DIVIDEND CHEVRON CORP 54(

WITHHELD ADR PAID ON 1200

June 05/ IJ 79336 F1 Continued on page (

Other equity investments Certain investments noted below by the number "2' are not held in your account of U85 Financial Services and are Included on your statement solely as a service to you Information regarding these investments (including valuation

is provided by the issuer of a third party The firm does not independently verify or guarantee the accuracy of information provided 6y third-party issuers or other third parties The value reflected does not necessarily represent the

value you would receive from the issuer upon liquidation or redemption Cost bans and gains/losses have not been adjusted automatically for return of capital payments Restricted security values are estimated for informational

purposes See the back of the first page (or additional information Est annual Trade Shares Unrealize~

Total shares Description Price Current value income date purchased Purchase price Cost basis Gainlfe

22,400 (SHARES INC MSCI JAPAN INDEX 10.140 227,136.00 963 05/24/04 12,200.000 9.719 118,841 4,8

FD 08/27/04 10,200.000 9 958 102,082 1,3 Total $ 227,136.00 963 220,923 , 6,2

Page 5 of '

Documents

Form 990 Return of Organization Exempt from Income Tax 2004990s.foundationcenter.org/990_pdf_archive/941/941527492/... · 2017-06-24 · Return of Organization Exempt from Income