Return of Private Foundation OMB No

Transcription

1 ,,, KITAS 05/ 09/ AM 4 r r-i C.9 o Return of Private Foundation OMB No Form 990 -PF or Setion 4947( a)(1) Nonexempt Charitale Trust ^A Treated as a Private Foundation 2010 Department of the Treasury Internal Revenue Servie Note. The foundation ma y e ale to use a opy of this return to satisf y state re portin g req uirement For alendar year 2010, or tax year eginning, and ending G Chek all that apply H-^ Initial return Initial return of a former puli ha^ri1ty Final return F-I rexh^rn Ti Arlrtro rhanna NAme hanne Name of foundation A Employer identifiation numer KITAS AND LUTSKO FAMILY FOUNDATION B Telephone numer ( see page 10 of the i nstrutions) Numer and street ( or P 0 ox numer if mail is not delivered to street address ) Room / suite FOX RIDGE ROAD C If exemption appliation is pending, hek here 10. City or town state, and ZIP ode D 1 Foreign organizations hek here C ROANOKE VA Foreign organizations meeting the H Chek type of organization J Setion 501( )(3) exempt private foundation 85% test hek here and attah omputat ion Setion 4947 ( a )( 1 ) nonexem p t haritale trust Other taxale p rivate foundation E If pr ivate foundation status was terminated under setion 507()(1)(A), hek here Fair market value ofall assets at J Aounting method [X Cash C Arual end of year ( from Part II, ol (C), [7 Other ( speify ) F If the foundation is in a 60 - month termination line 16 ) $ 488, 821 ( Part I, olumn ( d ) must e on ash asis under setion 507( )( 1)(B) hek here Part I Analysis of Revenue and Expenses (The total of ( a) Revenue and (d ) Disursements amounts in olumns ( ), () and ( d) may not neessarily equal expenses per ( ) Net investment ( ) Adjusted net for haritale ooks inome inome purposes the amounts in olumn ( a) (see page 11 of the instrutions ) ) ( ash asis onl y) 1 Contriutions, gifts, grants, et, reeived ( attah shedule ) 4 0, Chek [7 If the foundation is not required to attah Sh 8 3 Interest on savings and temporary ash investments 4 Dividends and interest from seurities 9, , , a Gross rents Net rental inome or (loss) 6a Net ga i n or (loss ) from sale of assets not on line 10 j Gross sales prie for all assets on line 6a W 7 Capital gain net inome ( from Part IV, line 2) 0 N 8 Net short - term apital gain 0 9 Inome modifiations 10a Gross sales less returns & allowanes Less Cost of goods sold Gross profit or (loss ) ( attah shedule) 11 Other inome ( attah shedule) 12 Total. Add lines 1throu g h 11 50, 224 9,724 9, Compensation of offiers, diretors, trustees, et 0 14 Other employee salaries and wages 15 Pension plans, employee enefits 16a Legal fees (attah shedule ) See Stmt I-^-- x W Aounting fees (attah shedule ) Stmt Nt :Q E1V F5 Other professional fees (attah shedule) F- M 17 Interat o I A A Y- *A (n } M ri N 18 Taxes ( attah shedule ) ( seepage 14 of the instrutions ) Stmt Depreiation ( attah shedule) and depletion - 20 Oupany DEN T 21 Travel onferenes, and meetings V M 22 Printing and puliations p) 23 Other expenses (alt sh ) 24 Total operating and administrative expenses Add lines 13 through 23 1, Q- 25 Contriutions gifts grants paid 45,334 45, Total exp enses and disursements. Add lines 24 and 25 46, , Sutrat line 26 from line 12 a Exess of revenue over expenses and disursements 3, Net investment inome ( if negative, enter -0-) 9, 227 Ad i usted net inome ( if ne g ative, enter -0- ) 9, 724 For Paperwork Redution At Notie, see page 30 of the instrutions Form UUU-f'f(2010) kki-

2 KITAS 05/09 / AM Form990-PF(2010 ) KITAS AND LUTSKO FAMILY FOUNDATION 26= Pa g e 2 Part it Balane Sheets h ld Attahed shedules and amounts in the desription olumn Beginning of year End of year s ou e for end -of-year amounts only (See instrutions ( a) Book Value ( ) Book Value ( ) Fair Market Value 1 Cash-non-interest - earing 7,436 1, 562-1, Savings and temporary ash investments 3 Aounts reeivale Less allowane for doutful aounts 4 Pledges reeivale Less allowane for doutful aounts 5 Grants reeivale 6 Reeivales due from offiers, diretors, trustees, and other disqualified persons ( attah shedule ) ( see page 15 of the instrutions) 7 Other notes and loans ree i vale (alt shedule) Less allowane for doutful aounts 0 8 Inventories for sale or use in 9 Prepaid expenses and deferred harges < 10a Investments-U S and state government oligations (attah shedule) Investments-orporate stok (attah shedule) Investments-orporate onds (attah shedule) 11 Investments- land, u i ldings and equ i pment asis Less aumulated depreiation ( attah sh 12 Investments-mortgage loans 13 Investments-other ( attah shedule) 14 Land u i ldings, and equipment asis Less aumulated depreiat ion (attah sh 15 Other assets (desrie See Statement 4 523, , , Total assets ( to e ompleted y all filers-see the instrutions Also, see page 1, item I 530, , , Aounts payale and arued expenses 18 Grants payale 19 Deferred revenue 20 Loans from offiers, diretors, trustees, and other disqualified persons 21 Mortgages and other notes payale ( attah shedule) J 22 Other liailities (desrie 23 Total liailities ( add lines 17 throu g h 22 ) 0 0 Foundations that follow SFAS 117, hek here ^X U) and omplete lines 24 through 26 and lines 30 and Unrestrited 530, , Temporarily restrited m 26 Permanently restrited LL I- Foundations that do not follow SFAS 117, hek here and omplete lines 27 through 31,,,,, 0 27 Capital stok trust prinipal or urrent funds in 28 Paid - in or apital surplus or land ldg and equipment fund N 29 Retained earntngs a umulated inome, endowment NQ 30 Total net assets or fund alanes ( see page 17 of the F1 or other fuind instrutions ) 530, ,838 Z 31 Total liailities and net assets /fund alanes ( see page 17 of the instrutions ) 530, ,838. Part III Analysis of Changes in Net Assets or Fund alanes 1 Total net assets or fund alanes at eginning of year-part II, olumn (a), line 30 ( must agree with end-of-year figure reported on prior year' s return ) 1 530,485 2 Enter amount from Part I, line 27a 2 3, Other inreases not inluded in line 2 (itemize) 3 4 Add lines 1, 2, and ,838 5 Dereases not inluded in line 2 ( itemize) 5 6 Total net assets or fund alanes at end of year (line 4 minus line 5)-Part 11, olumn (), line , Form 990-PF (2010)

3 KITAS 05/09/ AM Form 990-PF (2010) KITAS AND LUTSKO FAMILY FOUNDATION "26, Page 3 Part IV Capital Gains and Losses for Tax on Investment Inome la d e a d N/A (e) Gross sales prie (a) List and desrie the kind (s) of property sold (e g, real estate 2-story rik warehouse, or ommon stok, 200 shs MLC Co) (f) Depreiation allowed (or allowale ) (g) Cost or other asis plus expense of sale () How aquired P-Purhase D-Donation () Date aquired (mo, day, yr) (h) Gain or (loss) (e) plus (f) minus (g) (d) Date sold (mo, day, yr e Complete only for assets showing gain in olumn (h) and owned y the foundation on 12/31/69 (I) Gains (Col (h) gain minus ()) Adjusted asis (k) Exess of ol (i) ol (k) ut not less than -0-) or F M V as of 12/31/69 () as of 12/31/69 over ol U) if any Losses (from ol (h)) a d e 2 Capital gain net inome or (net apital loss) If gain, also enter in Part I, Ilne 7 3 Net short-term apital gain or (loss) as defined in setions 1222(5) and (6) { If (loss),enter -0-in Part I,line 7 2 If gain, also enter in Part I, line 8, olumn () (see pages 13 and 17 of the instrutions) If ( loss ), enter -0- in Part I, line 8 3 Part V Qualifiation Under Setion 4940(e) for Redued Tax on Net Investment Inome (For optional use y domesti private foundations sujet to the setion 4940(a) tax on net investment inome ) If setion 4940( d)(2) applies, leave this part lank Was the foundation liale for the setion 4942 tax on the distriutale amount of any year in the ase period? El Yes No If "Yes," the foundation does not qualify under setion 4940 ( e) Do not omplete this part I Enter the appropriate amount in eah olumn for eah year, see page 18 of the instrutions efore making any entries (a) Base period years Calendar year (o r tax year eginning in) () Adjusted qualifying distriutions () Net value of nonharitale-use assets (d) () dividded (ol ) divided y y ol ()) , , , , Total of line 1, olumn (d) Average d-striutlon ratio for the 5-year ase period-divide the total on line 2 y 5, or y the numer of years the foundation has een in existene if less than 5 years Enter the net value of nonharltale-use assets for 2010 from Part X line , Multiply line 4 y line ,144 6 Enter 1 % of net investment inome (1 % of Part I, line 27) Add lines 5 and ,236 8 Enter oualifving distriutions from Part XII, line ,334 If line 8 is equal to or greater than line 7, hek the ox in Part VI, line 1, and omplete that part using a 1% tax rate See the Part VI instrutions on page 18 Form 990-PF (2010)

4 KITAS 05/09/ AM Form 990-PF (2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 4 Part VI Exise Tax Based on Investment In ome ( Setion 4940(a), 4940(), 4940 ( e), or 4948-see page 18 of the instrutions) la Exempt operating foundations desried in setion 4940(d)(2), hek here q and enter "N/A" on line 1 Date of ruling or determination letter (attah opy of letter if neessary-see instrutions) Domesti foundations that meet the setion 4940(e) requirements in Part V, hek here q and enter 1% of Part I, line 27 All other domesti foundations enter 2% of line 27 Exempt foreign organizations enter 4% of Part I, line 12, ol () 2 Tax under setion 511 (domesti setion 4947(a)(1) trusts and taxale foundations only Others enter -0-) Add lines 1 and Sutitle A (inome) tax (domesti setion 4947(a)(1) trusts and taxale foundations only Others enter -0-) Tax ased on investment inome Sutrat line 4 from line 3 If zero or less, enter Credits/Payments a 2010 estimated tax payments and 2009 overpayment redited to a Exempt foreign organizations-tax withheld at soure 6 Tax paid with appliation for extension of time to file (Form 8868) 6 d Bakup withholding erroneously withheld 6d 7 Total redits and payments Add lines 6a through 6d 7 8 Enter any penalty for underpayment of estimated tax Chek here q if Form 2220 is attahed 8 9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid Enter the amount of line 10 to e Credited to 2011 estimated tax Refunded 11 Part VII-A Statements Reg ardin g Ativities 1a During the tax year, did the foundation attempt to influene any national, state, or loal legislation or did it Yes No partiipate or intervene in any politial ampaign? 1a X Did it spend more than $100 during the year (either diretly or indiretly) for politial purposes (see page 19 of the instrutions for definition)? 1 X If the answer is "Yes" to 1a or 1, attah a detailed desription of the ativities and opies of any materials pulished or distriuted y the foundation in onnetion with the ativities Did the foundation file Form POL for this year? 1 X d Enter the amount (if any) of tax on politial expenditures (setion 4955) imposed during the year (1) On the foundation $ (2) On foundation managers $ e Enter the reimursement (if any) paid y the foundation during the year for politial expenditure tax imposed on foundation managers $ 2 Has the foundation engaged in any ativities that have not previously een reported to the IRS? 2 X If "Yes," attah a detailed desription of the ativities 3 Has the foundation made any hanges, not previously reported to the IRS, in its governing instrument artiles of inorporation, or ylaws, or other similar instruments? If "Yes," attah a onformed opy of the hanges 3 X 4a Did the foundation have unrelated usiness gross inome of $1,000 or more during the year? 4a X If "Yes," has it filed a tax return on Form 990 -T for this year? N/A 4 5 Was there a liquidation, termination, dissolution, or sustantial ontration during the year? 5 X If "Yes," attah the statement required y General Instrution T 6 Are the requirements of setion 508(e) (relating to setions 4941 through 4945) satisfied either By language in the governing instrument, or By state legislation that effetively amends the governing instrument so that no mandatory diretions that onflit with the state law remain in the governing instrument? 6 X 7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," omplete Part II, ol (), and Part XV 7 X 8a Enter the states to whih the foundation reports or with whih it is registered (see page 19 of the instrutions) None If the answer is "Yes" to line 7 has the foundation furnished a opy of Form 990-PF to the Attorney General (or designate) of eah state as required y General Instrution G7 If "No," attah explanation See Stint: 5 8 X 9 Is the foundation laiming status as a private operating foundation within the meaning of setion 49420)(3) or 4942(1)(5) for alendar year 2010 or the taxale year eginning in 2010 (see instrutions for Part XIV on page 27)? If "Yes," omplete Part XIV 9 X 10 Did any persons eome sustantial ontriutors during the tax year? If "Yes," attah a shedule listing their names and addresses Stmt 6 10 X Form 990-PF (2010)

5 KITAS 05/09 / AM Form 990-PF (2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 5 Part Vu -A Statements Re g ardin g Ativities ( ontinued ) 11 At any time during the year, did the foundation, diretly or indiretly, own a ontrolled entity within the meaning of setion 512()(13)" If 'Yes,' attah shedule (see page 20 of the instrutions) 11 X 12 Did the foundation aquire a diret or indiret interest in any appliale insurane ontrat efore August 17, 2008" 12 X 13 Did the foundation omply with the puli inspetion requirements for its annual returns and exemption appliation? 13 X Wesite address N/A 14 The ooks are in are of THE KITAS AND LUTSKO FOUNDATION Telephone no 5004 FOX RIDGE ROAD Loated at ROANOKE VA ZIP Setion 4947(a)(1) nonexempt haritale trusts filing Form 990-PF in lieu of Form 1041-Chek here q and enter the amount of tax-exempt interest reeived or arued during the year At any time during alendar year 2010, did the foundation have an interest in or a signature or other authority Yes No over a ank, seurities, or other finanial aount in a foreign ountry? 16 X See page 20 of the instrutions for exeptions and filing requirements for Form TD F If "Yes," enter the name of the forei g n ountry Part VII- B Statements Re g ardin g Ativities for Whih Form 4720 Ma y Be Req uired File Form 4720 if any item is heked in the "Yes" olumn, unless an exeption applies. Yes No 1a During the year did the foundation (either diretly or indiretly) (1) Engage in the sale or exhange, or leasing of property with a disqualified person' q Yes No (2) Borrow money from, lend money to, or otherwise extend redit to (or aept it from) a disqualified person? q Yes X No (3) Furnish goods, servies, or failities to (or aept them from) a disqualified person? q Yes X No (4) Pay ompensation to, or pay or reimurse the expenses of, a disqualified person? Yes X No (5) Transfer any inome or assets to a disqualified person (or make any of either availale for the enefit or use of a disqualified person)? q Yes No (6) Agree to pay money or property to a government offiial? (Exeption. Chek "No" if the foundation agreed to make a grant to or to employ the offiial for a period after termination of government servie, if terminating within 90 days ) q Yes No If any answer is "Yes" to 1a(1)-(6), did any of the ats fail to qualify under the exeptions desried in Regulations setion (d)-3 or in a urrent notie regarding disaster assistane (see page 22 of the instrutions)? N/A l Organizations relying on a urrent notie regarding disaster assistane hek here r Did the foundation engage in a prior year in any of the ats desried in 1 a, other than exepted ats, that were not orreted efore the first day of the tax year eginning in 2010? N/A 1 2 Taxes on failure to distriute inome (setion 4942) (does not apply for years the foundation was a private operating foundation defined in setion 49420)(3) or 49420)(5)) a At the end of tax year 2010, did the foundation have any undistriuted inome (lines 6d and 6e, Part XIII) for tax year(s) eginning efore q Yes If "Yes," list the years 20, 20, 20, 20 Are there any years listed in 2a for whih the foundation is not applying the provisions of setion 4942(a)(2) (relating to inorret valuation of assets) to the year's undistriuted inome? (If applying setion 4942(a)(2) to all years listed answer "No" and attah statement-see page 22 of the instrutions ) N/A 2 If the provisions of setion 4942(a)(2) are eing applied to any of the years listed in 2a, list the years here , 20 3a Did the foundation hold more than a 2% diret or indiret interest in any usiness enterprise at any time during the year? q Yes LJ No If "Yes," did it have exess usiness holdings in 2010 as a result of (1) any purhase y the foundation or disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved y the Commissioner under setion 4943()(7)) to dispose of holdings aquired y gift or equest, or (3) the lapse of the 10-, 15- or 20-year first phase holding period? (Use Shedule C, Form 4720, to determine if the foundation had exess usiness holdings in 2010 ) N/A 3 4a Did the foundation invest during the year any amount in a manner that would jeopardize its haritale purposes? 4a X Did the foundation make any investment in a prior year (ut after Deemer 31, 1969) that ould jeopardize its haritale purpose that had not een removed from eo and efore the first da y of the tax year e g inning in 2010? 4 X 1XI No Form 990-PF (2010)

6 KITAS 05/09/ AM Form990-PF(2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 6 Part VUI=B 'Statements Re g ardin g Ativities for Whih Form 4720 May Be Req uired ( ontinued ) 5a During the year did the foundation pay or inur any amount to (1) Carry on propaganda, or otherwise attempt to influene legislation (setion 4945(e))? n Yes X No (2) Influene the outome of any speifi puli eletion (see setion 4955), or to arry on, diretly or indiretly, any voter registration drive? Yes XNo, (3) Provide a grant to an individual for travel, study, or other similar purposes' Yes X No (4) Provide a grant to an organization other than a haritale, et organization desried in setion 509(a)(1), (2), or (3), or setion 4940(d)(2)? (see page 22 of the instrutions) Yes Ex] No (5) Provide for any purpose other than religious, haritale, sientifi, literary, or eduational purposes, or for the prevention of ruelty to hildren or animals? Yes No If any answer is "Yes" to 5a(1)-(5), did any of the transations fail to qualify under the exeptions desried in Regulations setion or in a urrent notie regarding disaster assistane (see page 22 of the instrutions)? N/A 5 Organizations relying on a urrent notie regarding disaster assistane hek here If the answer is "Yes" to question 5a(4), does the foundation laim exemption from the tax eause it maintained expenditure responsiility for the grant? N/A n Yes No If "Yes," attah the statement required y Regulations setion (d) 6a Did the foundation, during the year, reeive any funds diretly or indiretly, to pay premiums on a personal enefit ontrat? Yes [XI No Did the foundation, during the year, pay premiums, diretly or indiretly, on a personal enefit ontrat? 6 X If "Yes" to 6, file Form a At any time during the tax year, was the foundation a party to a prohiited tax shelter transation? Lj Yes No If Yes, did the foundation reeive any p roeeds or have an y net inome attriutale to the transation? N/A 7 Part VII) Information Aout Offiers, Diretors, Trustees, Foundation Managers, Highly Paid Employees, and Contrators I I it nil nffsror rlrrartnr truton fnundatinn managers and their ompensation (see oaae 22 of the instrutions)., () Title, and average () Compensation (a) Name and address hours per week ( If not paid enter devoted to position.0.) EDWARD M. KITAS ROANOKE PRESIDENT E (d) Contriutions to employee enefit plans and deferred ompensation (e) Expense aount other allowanes 5004 FOX RIDGE ROAD VA BARBARA L. KITAS ROANOKE SECRETARY 5004 FOX RIDGE ROAD VA Compensation of five highest-paid employees (other than those inluded on line I - see page 23 of the instrutions) If nnne enter "NONE " (a) Name and address of eah employee paid more than $50,000 () Title and average hours per week devoted to position () Compensat ion (d) Contriutions to employee enefit plans and deferred ompensation (e) Expense aount other allowanes NONE Total numer of other employees paid over $50,000 1 U Form 990-PF (2010)

7 KITAS 05/09/ AM Form 990-PF (2010) KITAS AND LUTSKO FAMILY _FOUNDATION Page 7 Part VIII Information Aout Offiers, Diretors, Trustees, Foundation Managers, Highly Paid Employees, and Contrators ontinued) 3 Five highest - paid independent ontrators for professional servies (see page 23 of the instrutions) If none, enter "NONE " (a) Name and address of eah person paid more than $50,000 () Type of servie () Compensation NONE Total numer of others reeiving over $50,000 for professional servies 1 Part IX-A Summary of Diret Charitale Ativities List the foundation's four largest diret haritale ativities during the tax year Inlude relevant statistial information suh as the numer of organizations and other enefiiaries served, onferenes onvened, researh papers produed, et i The Foundation provided sholarship funds to three olleges in the Roanoke Valley area of Virginia. 2 Expenses 45, Part IX.R Summarv of Prnaram - ReIated Investments (see naae?4 of the Instrutlons) Desrie the two largest program-related investments made y the foundation during the tax year on lines 1 and 2 Amount 1 N/A 2 All other program - related investments See page 24 of the instrutions 3 Total. Add lines 1 throu g h 3 Form 990-PF (2010)

8 KITAS 05/09 / AM Form 990-PF(2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 8 Part X Minimum Investment Return (All domesti foundations must omplete this part Foreign foundations, see p a g e 24 of the instrutions 1 Fair market value of assets not used (or held for use) diretly in arrying out haritale, et, purposes a Average monthly fair market value of seurities la 4 2 4, Average of monthly ash alanes 1 6, 057 Fair market value of all other assets (see page 25 of the instrutions) 1 0 d Total (add lines 1a,, and ) 1d 4 3 0, 541 e Redution laimed for lokage or other fators reported on lines 1 a and 1 (attah detailed explanation) 1e 0 2 Aquisition indetedness appliale to line 1 assets Sutrat line 2 from line 1d , Cash deemed held for haritale ativities Enter 1 %z % of line 3 (for greater amount, see page 25 of the instrutions) 4 6, Net value of nonharitale-use assets. Sutrat line 4 from line 3 Enter here and on Part V, line , Minimum investment return Enter 5% of line , 2 04 Part XI Distriutale Amount (see page 25 of the instrutions) (Setion 49420)(3) and 0)(5) private operating foundations and ertain forei g n org anizations hek here and do not om plete this p art 1 Minimum investment return from Part X, line ,204 2a Tax on investment inome for 2010 from Part VI, line 5 2a 18 5 Inome tax for 2010 (This does not inlude the tax from Part VI) 2 Add lines 2a and Distriutale amount efore adjustments Sutrat line 2 from line , Reoveries of amounts treated as qualifying distriutions 4 5 Add lines 3 and , Dedution from distriutale amount (see page 25 of the instrutions) 6 7 Distriutale amount as adjusted Sutrat line 6 from line 5 Enter here and on Part XIII, line ,019 Part Xll Qualifying Distriutions (see page 25 of the instrutions) 1 Amounts paid (inluding administrative expenses) to aomplish haritale, et purposes a Expenses, ontriutions, gifts, et -total from Part I, olumn (d), line 26 1a 4 5, Program-related investments-total from Part IX-B l 2 Amounts paid to aquire assets used (or held for use) diretly in arrying out haritale, et, purposes 2 3 Amounts set aside for speifi haritale projets that satisfy the a Suitaility test (prior IRS approval required) 3a Cash distriution test (attah the required shedule) 3 4 Qualifying distriutions. Add lines 1 a through 3 Enter here and on Part V, line 8, and Part XIII, line , Foundations that qualify under setion 4940(e) for the redued rate of tax on net investment inome Enter 1% of Part 1, line 27 (see page 26 of the instrutions) Adjusted qualifying distriutions Sutrat line 5 from line ,334 Note. The amount on line 6 will e used in Part V. olumn (), in susequent years when alulating whether the foundation qualifies for the setion 4940(e) redution of tax in those years Form 990-PF (2010)

9 KITAS 05109/ AM ' Form 990-PF (2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 9 Part Xitt Undistriuted Inome ( see pag e 26 of the instrutions ) (a) () () (d) 1 Distriutale amount for 2010 from Part XI, Corpus Years prior to line? 21,019 2 Undistriuted inome, if any, as of the end of 2010 a Enter amount for 2009 only Total for prior years 20, 20, 20 3 Exess distriutions arryover, if any, to a From 2005 From 2006 From 2007 d From ,303 e From ,557 f Total of lines 3a through e 62, Qualifying distriutions for 2010 from Part XII, line4 $ 45,334 a Applied to 2009, ut not more than line 2a Applied to undistriuted inome of prior years (Eletion required-see page 26 of the instrutions) Treated as distriutions out of orpus (Eletion required-see page 26 of the instrutions) d Applied to 2010 distriutale amount 21, 019 e Remaining amount distriuted out of orpus 24, Exess distriutions arryover applied to 2010 (If an amount appears in olumn (d), the same amount must e shown in olumn (a) 6 Enter the net total of eah olumn as indiated elow: a Corpus Add lines 3f, 4, and 4e Sutrat line 5 87, 175 Prior years' undistriuted inome Sutrat line 4 from line 2 Enter the amount of prior years' undistriuted inome for whih a notie of defiieny has een issued, or on whih the setion 4942(a) tax has een previously assessed d Sutrat line 6 from line 6 Taxale amount-see page 27 of the instrutions e Undistriuted inome for 2009 Sutrat line 4a from line 2a Taxale amount-see page 27 of the instrutions f Undistriuted inome for 2010 Sutrat tines 4d and 5 from line 1 This amount must e distriuted in Amounts treated as distriutions out of orpus to satisfy requirements imposed y setion 170()(1)(F) or 4942(g)(3) (see page 27 of the instrutions) 8 Exess distriutions arryover from 2005 not applied on line 5 or line 7 (see page 27 of the instrutions) 9 Exess distriutions arryover to 2011 Sutrat lines 7 and 8 from line 6a 87, Analysis of line 9 a Exess from 2006 Exess from 2007 Exess from ,303 d Exess from , 5 57 e Exess from , 315 Form 990-PF (2010)

10 KITAS 05/09 / AM : orm 990 -PF (2010) KITAS AND SKO FAMILY FOUNDATION Part XIV Private O p eratin g Foundations ( see p ag e 27 of the instrutions and Part VII-A 1a If the foundation has reeived a ruling or determination letter that it is a private operating foundation, and the ruling is effetive for 2010, enter the date of the ruling Chek ox to indiate whether the foundation is a private o peratin g foundation desried in setion a Enter the lesser of the adjusted net Tax year Prior 3 years inome from Part I or the minimum (a) 2010 () 2009 (C) 2008 investment return from Part X for eah year listed 85% of line 2a Qualifying distriutions from Part XII, line 4 for eah year listed d Amounts inluded in line 2 not used diretly for ative ondut of exempt ativities e Qualifying distriutions made diretly for ative ondut of exempt ativities Sutrat line 2d from line 2 3 Complete 3a,, or for the a alternative test relied upon "Assets" alternative test-enter (1) Value of all assets (2) Value of assets qualifying under setion 49420)(3)(6)(1) "Endowment" alternative test-enter 2/3 of minimum investment return shown in Part X, line 6 for eah year listed "Support" alternative test-enter (1) Total support other than gross investment inome (interest, dividends, rents, payments on seurities loans (setion 512(a)(5)), or royalties) (2) Support from general puli and 5 or more exempt organizations as provided in setion 4942(I)(3)(B)(m) (3) Largest amount of support from an exempt organization (4) Gross inve stm ent inome Part XV Supplementary Information ( Complete this part only if the foundation had $5,000 or more in assets at any time during the year-see page 28 of the instrutions.) 1 Information Regarding Foundation Managers: a List any managers of the foundation who have ontriuted more than 2% of the total ontriutions reeived y the foundation efore the lose of any tax year (ut only if they have ontriuted more than $5,000) (See setion 507(d)(2) ED AND BARBARA KITAS $40,500 List any managers of the foundation who own 10% or more of the stok of a orporation (or an equally large portion of the ownership of a partnership or other entity) of whih the foundation has a 10% or greater interest N/A 2 Information Regarding Contriution, Grant, Gift, Loan, Sholarship, et, Programs- a Chek here 11 if the foundation only makes ontriutions to preseleted haritale organizations and does not aept unsoliited requests for funds If the foundation makes gifts, grants, et (see page 28 of the instrutions) to individuals or organizations under other onditions, omplete items 2a,,, and d The name, address, and telephone numer of the person to whom appliations should e addressed KITSA & LUTSKO FOUNDATION 5004 FOX RIDGE ROAD ROANOKE VA The form in whih appliations should e sumitted and information and materials they should inlude WRITE TO ABOVE ADDRESS FOR INSTRUCTIONS. Any sumission deadlines N/A d Any restritions or limitations on awards suh as y geographial areas, haritale fields, kinds of institutions, or other fators Paoe 10 question 9) ) ( 5 ) See Statement 7 OAA Form 990-PF (2010) (d) 2007 (e) Total

11 KITAS 05/ 09/ AM Form 990-PF (2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 11 Part XV Supplementary Information (ontinued) 3 Grants and Contriutions Paid During the Year or Approved for Future Payment a Reipient Name and address ( home or usiness ) Paid during the year VA. WEST. COMM. COLLEGE ROANOKE VA If reipient is an individual, show any relationship to any foundation manager or sustantial ontriutor Foundation status of reipient Purpose of grant or ontriution Amount SCH LARSHIPS 3,500 JEFFERSON COLLEGE ROANOKE VA NATIONAL COLLEGE ROANOKE VA SCH LARSHIPS 20,500 SCH LARSHIPS 21,334 Total 3a 45,334 Approved for future payment N/A Total 3 Form 990-PF (2010)

12 KITAS 05/09 / AM Form 990-PF(2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 12 Part XVI-A Anal sis of Inome - Produin g Ativities Enter i gross amounts unless otherwise indiated Unrelated us iness inome Exluded y setio n or 514 (e) 1 Pr a d e f 9 Fees and ontrats from government agenies 2 Memership dues and assessments 3 Interest on savings and temporary ash investments 4 Di vidends and interest from seurities 14 9, N, at rental inome or (loss) from real estate a Not det-finaned property 6N at rental inome or (loss) from personal property 7C ther investment inome 8 C ain or (loss) from sales of assets other than inventory 9 t\ at inome or (loss) from speial events 10 C ross profit or (loss) from sales of inventory 11 C ther revenue h d e 12 Sutotal gram servie revenue 13 Total. Add line 12, olumns (), (d), and (e) 13 9,724 (See worksheet in line 13 instrutions on pag e 29 to verify alulations ) Part XVI-B Relationshi p of Ativities to the Aom p lishment of Exem p t Pur p oses Line No. Explain elow how eah ativity for whih inome is reported in olumn (e) of Part XVI-A ontriuted importantly to the aomplishment of the foundation's exempt purposes (other than y providing funds for suh purposes) (See page 29 of the instrutions ) N/A Det-finaned property a (a) Business ode () Amount (C) Exlusion (d ) Amount Related or exempt funtion inome (See page 28 of the instrutions ) Add olumns (), (d), and (e) 0 9, DA Form 990-PF (2010)

13 KITAS 05/09/ AM Form 990-PF (2010) KITAS AND LUTSKO FAMILY FOUNDATION Page 13 Part XVIi Information Regarding Transfers To and Transations and Relationships With Nonharitale Exem p t Org anizations 1 Did the organization diretly or indiretly engage in any of the following with any other organization desried Yes No in setion 501() of the Code (other than setion 501 ()(3) organizations) or in setion 527, relating to politial organizations? a Transfers from the reporting foundation to a nonharltale exempt organization of (1) Cash a ( l ) X (2) Other assets la(2) 1 X Other transations 1 1 (1) Sales of assets to a nonhantale exempt organization 1 ( l ) X (2) Purhases of assets from a nonharltale exempt organization 1 ( 2 ) X (3) Rental of failities, equipment, or other assets 1 ( 3 ) X (4) Reimursement arrangements 1 ( 4 ) X (5) Loans or loan guarantees l ( 5 ) X (6) Performane of servies or memership or fundraising soliitations l ( 6 ) X Sharing of failities, equipment, mailing lists, other assets, or paid employees 1 X d If the answer to any of the aove is "Yes," omplete the following shedule Column () should always show the fair market value of the goods, other assets, or servies given y the reporting foundation If the foundation reeived less than fair market value in an y transation or sharin g arran ement, show in olumn ( d ) the value of the goods, other assets, or servies reeived (a) Line no () Amount involved () Name of nonharitale exempt organization (d) Desription of transfers, transations, and sharing arrangements N/A 2a Is the foundation diretly or indiretly affiliated with, or related to, one or more tax-exempt organizations desried in setion 501 ( ) of the Code ( other than setion 501()(3 )) or in setion 5277 Yes No If "Yes " omplete the followina shedule (a) Name of organization () Type of organization () Desription of relationship N /A Sign Here Paid Under penalties of perjury I delare that I have examined this return inluding aompanying shedules and statements and to the est of my knowledge and elief it i s or ret oteraon o p a (other than taxpayer Signature of offier or trustee Print/Type preparers name Preparer Edward 0 Vane Use Only Prepare

14 KITAS 05/ 09/ AM Shedule B (Form 990, 990-EZ, or 990-PF) Department of the Treasury Internal Revenue Servie Name of the organization Shedule of Contriutors Attah to Form 990, 990-EZ, or 990-PF. LNo Employer identifiation numer TAS AND LUTSKO FAMILY FOUNDATION Organization type (hek one) Filers of- Setion. Form 990 or 990-EZ q 501()( ) (enter numer) organization q 4947(a)(1) nonexempt haritale trust not treated as a private foundation q 527 politial organization Form 990 PF [X 501()(3) exempt private foundation q 4947(a)(1) nonexempt haritale trust treated as a private foundation q 501()(3) taxale private foundation Chek if your organization is overed y the General Rule or a Speial Rule. Note. Only a setion 501()(7), (8), or (10) organization an hek oxes for oth the General Rule and a Speial Rule See Instrutions General Rule IX-1 For an organization filing Form 990, 990-EZ, or 990-PF that reeived, during the year, $5,000 or more (in money or property) from any one ontriutor Complete Parts I and II Speial Rules q For a setion 501()(3) organization filing Form 990 or 990-EZ that met the 33 1/3% support test of the regulations under setions 509(a)(1) and 170()(1)(A)(vi), and reeived from any one ontriutor, during the year, a ontriution of the greater of (1) $5,000 or (2) 2% of the amount on (I) Form 990, Part VIII, line 1h or (ii) Form 990-EZ, line 1 Complete Parts IandII q For a setion 501()(7), (8), or (10) organization filing Form 990 or 990-EZ that reeived from any one ontriutor during the year, aggregate ontriutions of more than $1,000 for use exlusively for religious, haritale, sientifi, literary or eduational purposes, or the prevention of ruelty to hildren or animals Complete Parts I, II, and III q For a setion 501()(7), (8), or (10) organization filing Form 990 or 990-EZ that reeived from any one ontriutor, during the year, ontriutions for use exlusively for religious, haritale, et, purposes, ut these ontriutions did not aggregate to more than $1,000 If this ox is heked, enter here the total ontriutions that were reeived during the year for an exlusively religious, haritale, et purpose Do not omplete any of the parts unless the General Rule applies to this organization eause it reeived nonexlusively religious, haritale, et ontriutions of $5,000 or more during the year $ Caution. An organization that is not overed y the General Rule and/or the Speial Rules does not file Shedule B (Form 990, 990-EZ, or 990-PF), ut it must answer "No" on Part IV, line 2 of its Form 990, or hek the ox on line H of its Form 990-EZ, or on line 2 of its Form 990-PF, to ertify that it does not meet the filing requirements of Shedule B (Form 990, 990-EZ, or 990-PF) For Paperwork Redution At Notie, see the Instrutions for Form 990, 990-EZ, or 990-PF Shedule B (Form 990, 990-EZ, or 990-PF) (2010)

15 KITAS 05/ 09/ AM Shedule B (Form 990, 990-EZ, or 990-PF) (2010) Name of organization KI TAS AND LUTSKO FAMILY FOUNDATI ON Part I Contriutors (see instrutions) Page 1 of 1 of Part I (a) () () (d) No. Name, address, and ZIP + 4 Agg re g ate ontriutions Typ e of ontriution 1 ED AND BARBARA KITAS Person X 5004 FOX RIDGE ROAD Payroll $ 40,500 Nonash ROANOKE VA (Complete Part II if there is a nonash ontriution (a) () () (d) No. Name, address, and ZIP + 4 Agg reg ate ontriutions Type of ontriution S Person Payroll Nonash V r (Complete Part II if there is a nonash ontriution (a) () () (d) No. Name, address, and ZIP + 4 Agg reg ate ontriutions Type of ontriution Person Payroll $ Nonash (Complete Part II if there is a nonash ontriution ) (a) () () (d) No. Name, address, and ZIP + 4 Agg reg ate ontriutions Typ e of ontriution Person Payroll $ Nonash 1 (Complete Part II if there is a nonash ontriution (a) () () (d) No. Name, address, and ZIP + 4 Aggre g ate ontriutions Type of ontriution Person Payroll H $ Nonash LJ (Complete Part ll if there is a nonash ontriution (a) () l) (d) No. Name, address, and ZIP + 4 Agg regate ontriutions Type of ontriution Person Payroll $ Nonash (Complete Part II if there is a nonash ontriution Shedule B ( Form 990, 990-EZ, or 990-PF) (2010)

16 KITAS KITAS AND LUTSKO FAMILY FOUNDATION Federal Statements FYE. 12/31/2010 5/9/2011 9:32 AM Statement 1 - Form 990-PF, Part I, Li ne 16a - Legal Fees Net Adjusted Charitale Desription Total Investment Net Purpose Indiret Legal Fees $ 125 $ $ $ Total $ 125 $ 0 $ 0 $ 0 Statement 2 - Form PF, Part I, Line 16 - Aounting Fees Desription Indiret Aounting Fees Total Net Adjusted _ Total Investment Net $ 725 $ $ $ 725 $ 0 $ Charitale Purpose 0 $ 0 Statement 3 - Form 990-PF, Part I, Line 18 - Taxes Desription FOREIGN TAXES PAID LICENSE FEDERAL TAXES Total Total Net Investment $ 497 $ 497 $ $ 687 $ 497 $ Adjusted Net Charitale Purpose 0 $ 0 1-3

17 ` '"-'KITAS KITAS AND'LUTSKO'FAMILY FOUNDATION Y Federal Statements FYE: 12/31/2010 5/9/2011 9:32 AM Statement 4 - Form 990-PF, Part II, Line 15 - Other Assets Beginning End of Desription of Year Year MUTUAL FUNDS $ 523,049 $ 532,276 $ Total $ 523,049 $ 532,276 $ Fair Market Value 487, ,259 4

18 KITAS kitas AND'LUT`SKO FAMILY FOUNDATION " " " ' " ' ' 5/9/2011 9:32 AM Federal Statements FYE: 12/31/2010 Statement 5 - Form 990 -PF, Part VII-A, Line 8 - Not Filing with Attorney General Explanation Desription THE FOUNDATION DOES NOT SOLICIT CONTRIBUTIONS AND THEREFORE ANNUAL REGISTRATION IS NOT REQUIRED UNDER VIRGINIA LAW.

19 KITAS KITAS AND LUTSKO FAMILY FOUNDATION 5/9/2011 9:32 AM Federal Statements FYE: 12/31/2010 Statement 6 - Form 990-PF, Part VII -A, Line 10 - Sustantial Contriutors Name ED AND BARBARA KITAS Address City, State, Zip 5004 FOX RIDGE ROAD ROANOKE VA

20 KITAS KITAS AND LUTSKO FAMILY FOUNDATION 5/9/2011 9:32 AM Federal Statements FYE: 12/ Form 990-PF, Part XV, Line 1a - Managers Who Contriuted Over 2% or $5,000 Name of Manager Amount ED AND BARBARA KITAS $ 40,500 Total $ 40,500 Form PF, Part XV, Line 2 - Appliation Format and Required Contents Desription WRITE TO ABOVE ADDRESS FOR INSTRUCTIONS. Statement 7 - Form PF, Part XV, Line 2d - Award Restritions or Limitations Desription STUDENTS AT TWO AND FOUR YEAR COLLEGES IN THE ROANOKE, VA AREA. 7