Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust

Treated as a Private Foundation ation may be able [o use e copy of this return to satisfy state rapor

OMB No 13.S0052

LOOL DeyWnail of Vro Trmu7 IntemdRevenue Ssvke Note The

Far calendar year 2002, or tax rear h~ and

Use tie IRS Name of organization A Employer Identification number

label LEWIS M . GABBE FOUNDATION otherwise, /O R .S . MORTENSON 22-2130042

print NuniDnanEstreet (orPO DoanumEerllrtmilianotOdhaaONStraeteEOrm) RooMwIG B Telephone number orrypa 155 MORRIS AVE 973-467-9600

See Specific Instructions City ortown,state,andZIPcode CuuernPOOn mPnmuon is Wainocn«wheirs

~ SPRINGFIELD , NJ 07081 D 1 Foreign organizations check here H Check type of organization 0 Section 501(c)(3) exempt private foundation z fF,n°~an~ a erciu~ ~P°~bon5%

ka~ ,

OSection 4947(a)(1)nonexemptchantabletrust ~X Other taxable private foundation E Ifprivate foundation status wasterminated I Fair market value of all assets at end of year J Accounting method FX I Cash 0 Accrual under section 507(b)(1)(A) check here (from Pert ll, cot (c), line 16) 0 Other (specAy) F If the foundation is in a 60-month termination 11111 1 , 788 , 439 . (Part 1, column (d) must be on cash bans ) under section 507 b 1 B check here " 0

Analysis of Revenue and Expenses oiseu~n (The rout of armunn in comma (b) (c), spa (a) ~y not (a) Revenue and (h) Net investment (s) Adjusted net Jell) P~~~ ��~��y~�� ,~���� nti, � column (a) expenses per books income income (cash basis only)

1 Contributions, pits, grants, etc , received N/A Chak.o if ft imind,on is -amanns, to son, s 2 Distributions from split-interest trusts

Inlvetonuvm7+endtanWhM' 3 osenimsvrents 4 Dividends anEinterest from securities 81 , 508 . 81 , 508 . Statement I 5a Gross rents b (NotrenuiincomeorOoaal

y Net yin or Qofa) from xla of assets not on 7 fia line 10

b Gross aalo Pnw to, ell j osi on line se

Q 7 Gapinl pvn shin

8 Net short-term italgai 9 Income modifica Ons O

lOt Gross aalalmretu a ends!, . owcs ~Qy ' c

6 Lw Cost o1 pooEa a 1~

c Gross profit or (los iU ~l .~E~l. 11 Other income

Gi,~.E 12 Total Addlines lth 81 , 508 .

M5 2 13 Compmas9on of olficQa directon truateo into 10 , 5 00 . 5 2 5 0

10 Other employee salanes and wages 15 Pension plans, employee benefits

h 16a Lepal tees hAccounting fees Stmt 2 2,500 . 1 , 250 . 1 , 250 . c Other professional fees

i 17 Interest to taxes Stmt 3 -154 . 0 . 0 . 19 Depreciation and depletion

E 20 Occupancy v a 21 Travel conferences, and meetings

22 Printing and publications 23 Other expenses

m 24 Total operating and administrative p $ expenses nddlines 13through 23 12,846 . 6,500 . 6 , 500 . -~-~ 0 25 Contnbutions,pitts,grants paid 111 500 . 111 500 .

26 Total expenses and disbursements ndelines 2aand25 124 346 . 6 , 500 . 118 000 .

27 Subtract line 26 from line 12 3 Excw of nvenue w. eapanao end ill.Wriminnents, -42 , 838 .

6 Net Investment Income Of heiisMe, enter o-) 75,008 . -1 c Ad justed net Income Of nw.w. enta-a) NBA

fziop LHA For Paperwork Reduction Act Notice, sea tie Instructions Form 990-PF (2002) 1

14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

ror� 960-PF

Organ billions that to llor SFAS 117, check here 1 U and complete lines 26 through 25 and lines 30 and 31

24 Unrestricted .S 25 Temporarily restricted

26 Permanency restricted Organizations that do not follow SFAS 117, check here 1 OX one complete hoes 27 through 31

,°~ 27 Capital stock, trust principal, or current funds y 28 Paid-in or capital surplus, or land bldg , and equipment tend

29 Retained earnings, accumulated income, endowment, or other funds Z 30 Total nelassets or fund balances

NE Analysis of Changes in Net Assets or Fund Balances

1,333,734 .

773511 01 37 03

2

2002 .05040 LEWIS M. GABBE FOUNDATION C RJC29401 14050527 759639 RJC29400A

LEWIS M . GAHBE FOUNDATION C/O R .S . MORTENSON

~~ Balance Sheets °"°"°~~""°'"°'"°"°"m°°'n°" cWrmshould MlumeaFfyymnsa+V

1 Cash -non-interest-beannp

2 Savings and temporary cash investments 3 Accounts receivable 11"

Less allowance for doubtful accounts 1 4 Pledges receNa0le 100

Less allowance for doubtful accounts 1 5 Grants receivable 6 Recervables due from officers, directors, trustees, and other

disqualified persons 7 OPanoesmGloans ~k 1

Less allowance tar doubtful accounts 10,

B Inventories for sale or use 9 Prepaid expenses and deferred charges

10a Investments-US and state government obligations b Investments-corporate stock Stmt 4 c Investments-corporate bonds Stmt 5

11 Memms waewanqs.moeanoMtb= Loss mmntmaamd~ 10.

12 Investments-mortgage loans

13 Investments - other 14 Land, buildings, and equipment basis 01

L= mmiroeewmuim 15 Other assets (describe

17 Accounts payable and accrued expenses 18 Grants payable

0 19 Deferred revenue 20 Loam hom oMpn Olncbn bootee vM othcdoQUe4fie0 pmona

m 21 Mortgages and other notes payable J 22 Other liabilities (describe

-2130042 Pane 2

Book Value (h) Book Value (s) Fair Market Value 9 , 223 . 20 , 546 . 20,546 .

45,314 . 14 , 854 . 14,854 .

249 769 . 029 428 . 978 202 . 1 1` 469 r 9246

0 . 277 294 . 283,115

, 333 734 . 1 , 290 , 896 . 1 , 788 , 439a

0 . 0 .

1 Total net assets or fund balances at beginning of year- Part 11, column (a), line 30 (must agree with end-of-year figure reported on poor year's return)

2 Enter amount from Part I, line 27a 3 Other increases pat included in line 2 (itemize) 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) 10, 6 Total net assets or fund balances at end of year (One 4 minus line 5) - Part II, column (b), line

Fmm 990-PF ¢mt)

LEWIS M . GABBE FOUNDATION 990,PF(2o02) C/O R .S . MORTENSON rt 1 VT Gains and Losses for Tax on Investment

(a) List and describe the kind(s) of property sold (e g , real estate, 2-story brick warehouse, or common stock, 200 shs MLC Co )

tie foundation on 12/31/69 (k) Excess of co (p over col (I), it any

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

(1) Gams (Col (h) gam minus col (k), but not less than -0-) or

posses (from coi (h)) (I) F M V 25 of 12/31/69

Yes M No

lal ution ratio ided 6y cot (c))

.0432400

.0351421

.0308977

.0320587

.0369278

.1782663

.0356533

1,960,618 .

69,903 .

750 .

70,653 . 7 Add lines 5 and s

8 Enter qualifying distnbutions from Part %1I, line 4 118,000 . It line 8 is equal to or greater khan line 7, check tie box in Part VI, line 1 b, and complete that part using a tY tax rate See tie Part VI instructions

ti3521A1 210J Form 990-PF Romi

3 14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

(e) Gross sales price

for assets

(1) Deprecation allowed (or allowable)

(g) Cost or other basis plus expense of sale

22-213004

(e) Date acquired (G) Date sold (mo,day.yr) (mo,Cay,yr)

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

2 Capital gain net income or (net capital loss) l It (lo~ss)al e nte r in Part

in Part li Iline 7 1

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I line 8, column (c) It flossl . enter-0-in Pan I . line 8

[ Past Y I Qualiricarion Under Section 4940(e) for Reduced Tax on Net Inve (Far optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section 4940(4)(2) applies, leave this part blank

Was the organization liable for the section 4942 tax on the disinbulable amount of any year in the base penod9

amount in each column for each year, see instructions before making any entries

years ~b~ 1~1 narnnninninnini Adjusted qualifying distributions Net value otnonchantable-use assets

2 Total of line 1, column (d) 3 Average disln6ution ratio for the 5-year base period -divide the total on line 2 by 5, or by the number of years

the foundation has been in existence rt less than 5 years

4 Enter the net value of nonchantable-use assets for 2002 from Part X, line 5

5 Mullipy line 4 byline 3

6 Enter 1 °/, of net investment income (1% of Part 1, line 27b)

22-2130042 or 4948 - see instn

Date of ruling letter (attach copy of ruling letter d necessary-see Instructions) D Domestic organizations that meet the section 4940(e) requirements in Part V, check here " M and enter 1 %

of Part I, line 27b c All other domestic organizations enter 2°b of line 27b Exempt foreign organizations enter 4%, of Part I, line 12 col (b)

2 Tax under section 511 (domestic section 4947(a)(t) trusts and taxable tounaations only Others enter-0-) 3 Add lines 7 and 2

750~.

4 Subtitle A (income) fax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 5 Tai based on Investment Income Subtract line 4 from line 3 It zero or less, enter-0- 6 Credits/Payments a 2002 estimated tax payments and 2001 overpayment credited to 2002 6a 840 . D Exempt foreign organizations - tax withheld at source 66 c Tax paid with application toy extension of time to file (Form 8868) 6i G Backup withholding erroneously withheld 6d 7 Total credits and payments Add lines 6a through 6d 8 Enter any penalty for underpayment of estimated tax Check here OX it Form 2220 is attached 9 Tax due It the total of lines 5 and 8 is more than line 7, enter amount owed 1110. 10 Overpayment I1 line 7 is more than the total of lines 5 and 8, enter the amount overpaid 1111. 11 Enter the amount of line 10 to be Credited to 2003 estimated tax " 9 0 .]Refunded

840

X X

11 Did the organization comply with the public inspection requirements far its annual returns and exemption application Web site address 1111- N/A

4 14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

LEWIS M . GABBE FOUNDATION C/O R .S . MORTENSON

°3R y1 1 "clse e ax tfasea on Inyesimeni income (Section 4`J4Uia), a84U(o/,

1 a Exempt operating foundations described in section 4940(4)(2), check here IN-[:] and enter'WA' on line t

0 .

1 a During the tax year did the organization attempt to influence any national state, or local legislation or did R participate or intervene in any political campaign?

D Did d spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions tot definition)? I( the answer is 'Yes' to 1 a or 1 b, attach e detailed description of the ectrvrtles end copies of any materials published or distributed by the organization in connection with the activities

c Did the organization file Form 1720-POL for this year d Enter the amount (d any) of lax on political expenditures (section 4955) imposed during the year

(11 On the organization " S 0 . (2) On organization managers " E 0 . e Enter the reimbursement (d any) paid by the organization during the year for political expenditure tax imposed on organization

managers " S 0 . 2 Has the organization engaged in any activities that have not previously been reported to the IRS

If "Yes, " attach a detailed descrtiction of the activities 3 Has the organization made any changes, not prev;ousy reported to the IRS, in it governing instrument, articles of incorporation, or

bylaws, or other similar instruments 1f 'Yes,' attach e conformed copy o/ the changes 4a Did the organization have unrelated business gross income of $7,000 or more during the yeah 6 It'Ves; has it filed a tax return on form 990-T for this years N/A

5 Was there a liquidation, termination, dissolution, or substantial contraction during the years If 'Yes,' attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either 0 By language in the governing instrument or 0 By stale legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instruments 7 Did the organization have at least $5,000 in assets at any time during the year

If 'Yes,' complete Part Il, cot (c), and Part XV Be Enter the states to which the foundation reports or with which it is registered (see instructions) NEW JERSEY

D 11 the answer is 'Yes' to line 7, has the organization furnished a copy of Form 990-PF to the Attorney General (or designate) of each stale as required by General Instruction G? If 'No,' attach explanation

9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 4942(1)(5) for calendar year 2002 or the (arable year beginning in 2002 (see instructions for Part )(IV)? 1/'Yes,' complete Part XIV

70 Did any persons become substantial contributors during the tax yeah a "vm " .mcn . ~.eui. u,ono ma.. ~ end.

X

X

12 7hebooksareincareot " R .S . MORTENSON Telephone no "201-467-9600 Lowtedat " 155 MORRIS AVE ., SPRINGFIELD, NJ ZiPa X07081

13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990"PF in lieu of Form 10<1 - Check here and enter the amount of tax-exempt interest received or accrued during the veer 10.1 13 ~ N/A

f zoom Fo~ 990-PF (2ooa)

14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

LEWIS M . GABBE FOUNDATION Form990- F(2002) C/O R .S . MORTENSON 22-2130042 Page Part VII-B Statements Regarding Activities for Which Forth 4720 Ma Be Required

File Form 4720 if any item is checked m the "Yes" column, unless en exception applies " Yes No 1a During the year did the organization (either directly or indirectly)

(1) Engage in the sale or exchange, or leasing of property with a disqualified persons 0 Yes 0 No (2) Borrow money from, lend money lo, or otherwise extend credit to (or accept 9 from)

a disqualified persons 0 Yes ~X No (3) Furnish goods, services, or facilities to (or accept them tram) a disqualified persons ~ Yes 0 Na (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? 0 Yea ~X No (5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? Yes M No (6) Agree to pay money or property to a government official? (Exception Check *No'

A the organization agreed to make 2 grant to Or t0 employ the Official for 3 penod after termination of government service, d terminating within 90 days ) 0 Yes EM No

b If any answer is Yes'ta 1a(1)-(6), did any of the acts loll to quality under the exceptions descnbed in Reputations section 53 4941(0)-3 or in a current note regarding disaster assistance (see page 19 of the instructions) N/A 1 h Organizations relying on a current notice regarding disaster assistance check here

c Did the organization engage in a pnor year in any of the acts described in to other than excepted acts, that were not corrected before the first day at the tax year beginning m 2002 1 c X~

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

a At the end of tax year 2002, did the organization have any undistnDuted income (lines 6d and 6e, Part XIII) for fax year(s) beginning before 2002 0 Yes EKI No If 'Yes,* list the years 1 .

D Are there any years listed in 2a for which the organization is hat applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the years undiStnDuted incomes (It applying section 4942(a)(2) to all years listed, answer 'No* and attach statement - see instructions ) N/A

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here 110. 1

3a Did the organization hold more than a 2% direct or indirect interest in any business enterprise at any time during the years E] Yes [X:1 No

b If 'Yes,' did it have excess business holdings in 2002 as a result of (1) any purchase by the organization or disqualified persons otter May 26, 1969, (2) the lapse of the 5-year period (or longer penod approved 6y the Commissioner under section 4943(c)(7)) to dispose of holdings acquired 6y gift or bequest, or (3) the lapse of the 10-, 15- or 20-year first phase holding penod? (Use Schedule C, Form 4720, to determine t/ the organization had excess business holdings m 2002 ) N /A

Oa Did the organization invest during the year any amount in a manner that would jeopardize its chanWDle purposes 4a 1S D Did the organization make any investment in a prior year (but attar December 31, 1969) that could jeopardize its charitable purpose that

had not been removed from jeopardy before the first day of the tax year beginning in 2002 00 X Sa During the year did the organization pay or incur any amount to

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? 0 Yes EXI No (2) Influence the outcome of any specific public election (sea section 4955), or to carry on directly or indirectly,

any voter registration drive? E] Yes CE No (3) Provide a grant to an individual for travel, study, or other similar purposes 0 Yea EXI No (4) Provide a grant to an organization other than a chantable, etc , organization described in section

509(a)(1),(2) or (3) or section 4940(d)(2)7 Yes M No (5) Provide for any purpose other than religious, charitable, saentrfic, literary, or educational purposes, or for

the prevention of cruelryto children or animals 0 Yes EXI No 6 It any answer is 'Yes'to 5a(1)-(5), did any of the transactions fail to quality under the exceptions descnbed in Regulations

section 53 4945 or in a current notice regarding disaster assistance (see Instructions)? N/A Sb Organizations raying on a current notice regarding disaster assistance check here 10

c If the answer is 'Yes'to question Sa(4), does the organization claim exemption from the tax because it maintained expenditure responsibility for the grant? N/A Yes =No If 'Yes," attach the statement required by Regulations section 53 4945-5(d)

6a Did the organization during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? Yes M No

h Did the organization, during the year, pay premiums, directly or induecty, on a personal benefit coniract7 6h X If you answered "Yes' to 66, also /de Form 8870

Form 990-PF (2opp)

of iym

ui ziro Fog 990-PF aoozl 6

14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABHE FOUNDATION C RJC29401

LEWIS M . GABBE FOUNDATION C/O R .S . MORTENSON 22-2130042

Information About Officers, Directors, Trustees, Foundation Managers, Highly Page s 0 Paid Employees, and Contractors 1 List all officers, directors, trustees, foundation managers and their compensation

(a) Name and address (b) Title . and aversge (e) Compensation (~d cmmowomm (e)~p ense

hours per week devoted (II not paid, account, other to position enter " 0 " ) cmoemem allowances

R .S . MORTENSON RUSTEE

0 J .P

E

pensation o1 five highest-paid employees (other than those included on line 1) If none, enter "NONE " (b Title and average (d~cmmowacro (e) Expense

(a) Name and address of each employee aid more than $50,000 hours per week °'~°~°Q°'~'~~"° t her p (c) Compensation aaoun , of devoted lo position cmmmem allowances

3 Five highest-paid independent contractors for professional services If none, enter "NONE " (a) Name and address Of each person paid more than 550,000 I (b) Type of service

List the foundation's four largest direct chama0le acirvdies du ring the tax year Include relevant statistical information such as the I Expenses number of organizations and other beneficiaries served, conferences convened, research papers produced, etc N/A

2

3

4

LEWIS M . GABBE FOUNDATION Form 990-pF(2002) C/O R .S . MORTENSON 22-2130042 Page 7

Part IX=B Summary of Program-Related Investments

Describe the two investments made by the foundation Cunn4 the tax year on lines 1 and 2 Amount

Pmt X Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see Instructions )

1 Fair market value of assets not used (or held for use) direly in carrying out charitable, etc , purposes a Average monthly fair market value of securities D Average of monthly cash balances

c Fair market value of all other assets

O Total (add lines la, D, and c)

e Reduction claimed for blockage or other lectors reported on lines to and 1c (attach detailed explanation) 1e

2 Acquisition indebtedness applicable to line t assets 3 Subtract line 2 from line 1d 0 Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount, see instructions) 5 NBA value of noncharitahle-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4 6 Minimum Investment return Enter 5% of line 5

7 14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

7

2

All other program-related investments See instructions 3

Total Add lines 1 through 3

~m DIStIlbutable Amount (see instructions) (Section 4942(j)(3) and (1)(5) private operating foundations and certain foreign organizations check here " 0 and do not complete this part )

Minimum investment return tram Pad x line 6 t 9-8 , 031 . 2a Tax on investment income for 2002 from Part VI, line 5 2a 750 . D Income tax for 2002 (This does not include the tax from Part VI 2b c Add lines 2a and 2b 2c 750 .

3 Distributable amount before adjustments Subtract line 2c from line 1 3 9T_, 281 . 0a Recoveries of amounts treated as qualifying distributions 4a 0 . D Income distributions from section 4947(a)(2) trusts Ch 0 . e Add lines 4a and 4b do 0 .

5 Add lines 3 and 4c s 97 , 281 . 5 Deduction from distnbutable amount (sea instructions) ~ 6 ~ 0 7 DISirIGutable amount as adjusted Subtract line 6 from line 5 Enter here and on Part %11I, line 1 7 97, 28 1 .

Part XII Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable etc , purposes a Expenses, contributions, gifts, etc -total from Part I, column (d), line 26 1 a 118 , 000 . b Program-relatedinvestments -Total from Part IX-B th 0 .

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc , purposes 2 3 Amounts set aside for specific charitable projects that satisfy the a Suitability test (poor IRS approval required) 3a h Cash distribution test (attach the required schedule) 3h

d Qualifying distributions Add lines 1a through 3b Enter here and on Part V line B, and Part XIII, line 4 0 118 , 000 . 5 Organizations that quality under section 4940(e) for the reduced rate of tax on net investment

income Enter 1% of Part I line 27b 5 750 . 6 Adjusted qualifying distributions Subtract line 5 from line 4 ~ 6 ~ 117, 250 .

Note The amount online 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction o/ tax in those years

Farm 990-PF Rmx1

nasal o, ram

LEWIS M . GABBE FOUNDATION Form 99o-pF(2oo2) C/O R .S . MORTENSON 22-2130042 Page e

Part X111 Undistributed Income (see instructions)

(a) Col Icl (it) Corpus Years prior to 2007 2001 2002

1 DistnbuG0le amount tor2002from Part xl,line 7 97 , 281 .

2 UnOisVIDub7lnmma If any moltnenaa17001 aEnter amount tor2007only 109 733 . b Total for poor years

0 . 3 Excess distributions carryover, A any, to 2002 a from 7997 ,~ D From 1998 ', c From 1999 d From 2000 e From 2007 f Total of lines 3a through e 0 .

d Qualifying distributions for 2002 from ` Partx11,line a " a 118 , 000 .

a Applied to 2007, out not more loan line 2a 109 , 733 . D Applied to undistributed income of poor years (Election required - see instructions) 0 .

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

G Applied to 2002 Gistnbutable amount 8 , 267 . e Remaining amount distributed out of corpus 0 .

S Er<a+distributions mrrywrepyimm200Y 0 . 0 . Of en amount eppsn In miumn (d) Me same an, :iunt must be sown in wlu= (a))

6 Enter the net total of each column a : indicated below

2 Corpus Ado lines JI, k, and M Subtrsct line 5 0 6Prior years undistributed income Subtract

line 4D from line 2b 0 . e Enter the amount of poor years' undistributed income for which a notice of deficiency has been issued, or on which tie section 4942(a) tax has been previousty assessed 0 .

d Subtract line 6c from line 61b Taxable amount-see instructions 0 .

e Undistributed income for 2001 Subtract line 4a from line 2a Taxable amount -see instr 0 .

1 Undistributed income for 2002 Subtract lines 4d and 5 from line 1 This amount must be distnbuted in 2003 89 , 014 .

7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(D)(1)(E) or 4942(8)(3) 0 .

8 Excess distributions carlyover from 1997 not applied on line 5 or line 7 0 . '

9 Excess distributions carryover to 2003 Subtract lines 7 and 8 from line 6a 0 .

10 Analysis of line 9 , a Excess from 1998 b Excess from 1999 c Excess from 2000

I I I 0 Excess from 2001 e Excess tom 2002

corm 990-PF (2ou2) 713577 of ~R1

B 14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

Prior 3 years 10 2000 IGI 1999 (a) Tote I

(1) Total support other than gross investment income (interest, dividends rents, payments on securities loans (section 512(a)(5)) or royalties)

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

(3) Largest amount of support from an exempt organization

14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

LEWIS M . GABBE FOUNDATION C/O R .S . MORTENSON

instructions and Part VII 1 a It the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2002, enter tie date of the ruling h Check box to indicate whether the org

2 a Enter the lesser otthe adjusted net income from Part I or the minimum investment return from Part X for each year listed

h BS% of line 2a c Qualifying distributions from Part XII,

line 4 for each year listed O Amounts included in line 2c not used directly for active conduct of exempt activities

a Qualifying distributions made directly for active conduct of exempt activities Subtract line 2d from line 2c

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

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

(2) Value of assets qualifying under section 4942(j)(3)(B)(i)

b 'EndowmenC alternative test -Enter 2/3 of minimum investment return shown in Part %, line 6 for each year listed

e 'Support' alternative test - enter

1111.

P[ art XV ~ Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year-see page 25 of the instructions .)

1 Information Regarding Foundation Managers a List any managers of the foundation who have contributed more than 2% of the total contributions received 6y the foundation before the close of any tax

year (but only it they have contributed more than $5,000) (See section 507(d)(2) )

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest

2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc, Programs Check here I 11E:1 d the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the organization makes gifts, grants, etc (see instructions) to individuals or organizations under other conditions, complete items 23, b, c, and d

a The name, address, and telephone number of the person to whom applications should tie addressed R.S . MORTENSON, 155 MORRIS AVENUE, SPRINGFIELD, NJ

b The forth in which applications should be submitted and information and materials they should include SPECIAL FORM

e Any submission deadlines NONE

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors NONE

723597A1 13 03 Forth 990-PP ¢oa2)

Amount

None

3h Fo~990-PF Row)

10 2002 .05040 LEWIS M . GABBE FOUNDATION C A3C29401 14050527 759639 RJC29400A

LEWIS M . GABBE FOUNDATION 99o-yF(2002) C/O R .S . MORTENSON rt XV Supplementary Information (continued) Grants end Contributions Paid During the Year or Approved for Futun

Recipient It recipient is an indmdual, show any relationship to

Name and address (home or business) any foundation manager.

a Pad during the year

Total b Approved for future paymnt

Total 22aso,A1 23-03

22-21300

Foundation I Purpose of grant or status of contribution reapient

LEWIS M . GABBE FOUNDATION Form 990-yF(2002) C/O R .S . MORTENSON 22-2130042 Page 11 Pmt XVI-A Analysis of Income-Producing Activities

SS income EaauEeE a section 517 513 or sla (B)

lh) ~° � . (a) Belated or exempt Amount ~ Amount function income

p Fees and contracts from government agencies 2 Membership dues and assessments 3 Interest on savings and temporary cash

investments d Dividends and interest from securities 5 Net rental income or (loss) from gal estate

a Debt-financed property b Not debt-financed property

6 Net rental income or (loss) from personal property

7 Other investment income B Gain or (loss) from sales of assets other

than inventory 9 Net income or (loss) from special events 10 Grass profit or (loss) tram sales of inventory 11 Other revenue

a 0

Line No I Explain below how each activity for which income is reported in column (e) of Pan XVI-A contributed Importantly to the accomplishment of the organization s exempt purposes (other than by providing funds for such purposes)

Form 990-PF (2002) 01-Z}W

14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

Enter gross amounts unless otherwise indicated

1 Program service revenue a h

t d

B

c a I I

I-I 12 Subtotal Add columns (b) (d), and (e) 0 . 81,508 .1 0 . 13 Total Add line 12, columns (b), (d), one (e) 13 81,508 . (See worksheet m line 13 instructions to venty calculations

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

LEWIS M . GABBE FOUNDATION Form 990-PF(2002) C/O R .S . MORTENSON 22-2130042

and

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of ~ Ye the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organmations7

a Transfers from the reporting organization to a nonchantable exempt organization of (1) Cash te l l )

Olnerassets 1a (2) D Other Transactions

(1) Sales of asses to a nOnchantable exempt organisation 1 b ( l ) (2) Purchases of assets from a nonchanta6le exempt organization 16 2 (3) Rental otfaciliUes,epwOment,orotherassets 1b3 (4) Reimbursement arrangements 11:4 (5) Loans or loan guarantees 1D 5 (B) Performance of services or membership or fundraising solicitations 16 6

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c d Ii the answer to any of the above is Yes; complete the following schedule Column (0) should always show the fair market value of the goods, other assets,

or services given by the reporting organization If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received

1 Line no (6) Amount involved (cl Name of nonchantable exempt oraaniza6on Idl Description of transfers, transactions and shanno arrana

X

14050527 759639 RJC29400A 2002 .05040

X

2a Is tie organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501 (c) of the Coda (other than section 501(c)(3)) or in section 527 E:1 Yes [XI No

6 II Yes; complete the following schedule (a) Name of organization (h) Type of organization (c) Description of relationship

N/A

Under pcneltis of pa/ury I eeclarv~ al~'~,'avs exemineC Mss reNm inducting accompanying scneCUlm'~end sLttmenh end to the bst of m/ YnoMeCpe end Dellel, it is hue, conecC and mmplete DerJUeYy7of pm,/j/a /otjl~ en tupeyer or RCUrJery) is timed on eli inbrmaGOn of PG prep.. hm any Ynowle0pe

0 Signature of o cer or Pre avers

,°_' i= Signature

FvmxiuntlolwiY vic u .crucua ~ r . V .

nsnknoiiLU,m, ,340 North Avenue E ., St Cranford, New Jersey 07

uasx, of sam

LEWIS M . GABBE FOUNDATION C/O R .S . MORTE 22-2130042

Form 990-PF Accounting Fees Statement 2

(d) Charitable Purposes

1,250 .

1,250 .

(a) (b) Expenses Net Invest-Per Books ment Income

2,500 . 1,250 .

2,500 . 1,250 .

(c) Adjusted

Net Income Description

PROFESSIONAL FEES

To Form 990-PF, Pg 1, In 16b

Form 990-PF Taxes Statement 3

(a) (b) (c) Expenses Net Invest- Adjusted Per Books ment Income Net Income

Corporate Stock Form 990-PF

Fair Market value

1,469,924 .

1,469,924 .

Book Value

978,202 .

978,202 .

Description

SCHEDULE ATTACHED

Total to Form 990-PF, Part II, line lOb

13 Statement s) 1, 2, 3, 4 14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

Form 990-PF Dividends and Interest from Securities Statement 1

Capital Gains Column (A) Source Gross Amount Dividends Amount

INVESTMENTS 81,508 . 0 . 81,508 .

Total to Fm 990-PF, Part I, In 4 81,508 . 0 . 81,508 .

Description

EXCISE

To Form 990-PF, Pg 1, In 18

-154 .

-154 .

0 .

0 .

(d) Charitable Purposes

0 .

0 .

Statement 4

Recipient Recipient Recipient Name and Address Status Purpose of Grant Relationshp Amount

RESOURCE FOR THE MINISTRY GENERAL PURPOSE NONE 3,000 .

AMERICAN FRIEND OF HEBREW GENERAL PURPOSE NONE UNIVERSITY 2,000 .

GENERAL SUPPORT NONE

14 Statement s) 5, 6 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401 14050527 759639 RJC29400A

LEWIS M . GABBE FOUNDATION C/O R .S . MORTE 22-2130042

Form 990-PF Corporate Bonds Statement 5

Fair Market Description Book Value Value

CORPORATE BONDS 277,294 . 283,115 .

Total to Form 990-PF, Part II, line lOc 277,294 . 283,115 .

Form 990-PF Grants and Contributions Statement 6 Paid During the Year

BONNIE BRAE, LIBERTY CORNER N .J .

BRANDEIS UNIVERSITY, WALTHAM, MA

CAMP DEERPARK WESTBROOK NY

DEBORAH HEART & LUNG CENTER, BROWNS MILLS, NJ

ST . VINCENT'S ACADEMY, NEWARK, N .J .

GRACE CHURCH PORT JERVIS NY

HADDASSAH, NEWARK, NJ

HOLY CROSS COLLEGE, WORCHESTER, MA

JUVENILE DIABETES

KESSLER INSTITUTE, WEST ORANGE, NJ

MIAMI PROJECT TO CURE PARALYSIS, MIAMI FL

2,500 .

7,500 .

GENERAL SUPPORT NONE 1,000 .

GENERAL SUPPORT NONE 1,000 .

GENERAL SUPPORT NONE 5,000 .

GENERAL PURPOSE NONE 2,000 .

GENERAL SUPPORT NONE 1,000 .

GENERAL SUPPORT NONE 2,000 .

GENERAL PURPOSE NONE 2,000 .

GENERAL SUPPORT NONE 7,500 .

GENERAL PURPOSE NONE 13,500 .

GENERAL PURPOSE NONE

LEWIS M . GABBE FOUNDATION C/O R .S . MORTE

MOUNTAINSIDE HOSPITAL, GENERAL SUPPORT NONE MONTCLAIR, NJ

NEW YORK UNIVERSITY, NEW GENERAL SUPPORT NONE YORK, NY

OAK KNOLL SCHOOL, SUMMIT NJ GENERAL PURPOSE NONE

SETON HALL PREP SCHOOL, GENERAL PURPOSE NONE WEST ORANGE, NJ

SETON HALL UNIVERSITY, GENERAL PURPOSE NONE SOUTH ORANGE NJ

SLOAN KETTERING HOSPITAL, GENERAL SUPPORT NONE NEW YORK, NY

ST . CLARE'S HOSPITAL, NEW GENERAL SUPPORT NONE YORK, NY

ST . ELIZABETH'S HOSPITAL, GENERAL SUPPORT NONE ELIZABETH, NJ

ST . JAMES HOSPITAL, NEWARK, GENERAL SUPPORT NONE NJ

ST . JOSEPH'S CHURCH, GENERAL PURPOSE NONE MENDHAM, NJ

ST . PETER'S COLLEGE, JERSEY GENERAL SUPPORT NONE CITY, NJ

ST . PETER'S PREP ., JERSEY GENERAL SUPPORT NONE CITY, NJ

Total to Form 990-PF, Part XV, line 3a

2,000 .

7,500 .

3,000 .

15,000 .

3,000 .

3,000 .

7,500 .

1,000 .

7,500 .

2,000 .

2,500 .

7,500 .

111,500 .

15 Statement s) 6 14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

22-2130042

4 Total tax(seeinstructions) 4 750 .

5a Personal holding company tax (Schedule PH (Forth 1120), line 26) included on line 4 5a 6 Look-hack interest included on line 4 under section 460(b)(2) for completed long-term

contracts or of section 167(p) for property depreciated under the income forecast method 5b

e Credit for Federal tax paid an fuels (see instructions) Sc it Total Add lines 5a through 5c 15d

6 Subtract line 5d from line 4 If the result is lass than E500, 0o not complete or file this forth Tie corporation does not owe the penalty 6 750 .

7 Enter the tax shown on the corporation's 2001 income tax return Caution If zero or the tax year was for less than 12 months, flop 1h15 line and enter the amount from line 6 On line 8 7 825 .

8 Enter the smaller of line 6 or line 7 It the corporation is required to ski line 7 enter the amount from line 6 8 750 . i 6 C a

9 Installment due dates Enter in columns (a) through (a) the 15th day of the 4th (Form 990-PF filers Use 5th month), 6th, 9th, and 12th months of the corporation's tax year 9 07/15/02 08/15/02 11/15/02 02/15/03

10 Required Installments If the box on line 1 and/or line 2 above is checked, enter the amounts tram Schedule A, line 40 If the box on line 3 (but not 1 or 2) is checked, see instructions for tie amounts to enter If none of these boxes are checked, enter 25% of line B above in each column 10 188 . 187 . , 188 . 187 .

11 Estimated lax paid or credited for each period (see instructions) For column (a) only enter the amount from line 77online t5 11 840 . Complete lines 12 through 18 0l one column before going to the next column

12 Enter amount, d any, from line 18 of the preceding column 12 652 . 465 . 277 .

13 Addlines 7tand72 13 652 . 465 . 277 . 14 Ado amounts on lines 16 and 17 of the preceding

column 10 75 Subtract line 14from line 131fzero orless,enter -0- 15 840 . 652 . 465 . 277 . 16 It the amount on line 15 is zero, subtract line 13 from

line 14 Otherwise, enter-0- 16 0 . 0 . 17 Underpayment It line 15 is less than or equal to line

10, subtract line 15 from line 10 Then go to line 12 of tie next column Otherwise, go to line 78 17

18 Overpayment It line 10 is 1e55 than line 75, subtract line ; i0tromone75Then uoroline 72ottnenext cowmn 78 652 . 465 . 277 .1 Complete Part III an cage 2 to ligure the penalty If there are no entries on line 17, no penalty Is owed

JWA For Paperwork Reduction Act Notice, see separate Instructions Form 2220 (2002) zizeo, of ai m

16 14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

°rm 2220 Underpayment of Estimated Tax by Corporations OMB No 1y5-0142 Deq~l of Me T~ry " See separate Instructions IntemYRwaiue s.tiic, " Attach totnesorporation'staireturn Form 990-PF 2002 Name LEWIS M . GABBE FOUNDATION Employer identification number

C/O R .S . MORTENSON 22-2130042 Note In most cases, the corporation does not need to file Forth 2220 (See Part I below for exceptions ) The IRS will figure any penalty owed and bill the corporation if

the corporation does hat need to file Form 2220, d may still use R to figure tie penalty Enter the amount from line 34 on the estimated lax penalty line of the corporation's income tax velum, but do hat attach Form 2220

Pert 1 Reasons FOB Filing - Check the boxes below that aDply 1o the corporation If any boxes are checked, the corporation must file Form 2220, even A R does not owe the penalty If the box on line 1 or line 2 applies the corporation may be able to lower or eliminate the penalty

1 0 The corporation is using the annualized income installment method 2 ~ The corporation is using the adjusted seasonal installment method 3 0 The corporation is a 'large corporation' figuring it first required installment based an the pnor years tax

PartIIFigunniLthe Underpayment -

z,zeoz iz ieaz 17

14050527 759639 RJC29400A 2002 .05040 LEWIS M . GABBE FOUNDATION C RJC29401

Form 990-PF LEWIS M . GABBE FOUNDATION Form 2220(2002) C/O R .S . MORTENSON 22-2130042 Page 2

Part 111 Figuring the Penalty

a b c d

19 Enter the dale of payment or tie 15th day o1 the 3rd

month after the close Of the tax year, whichever is earlier

(sea instructions) (Form 990-PF and Form 990-T Man;

Use 5th month instead of 3r0 month ) 19

20 Number of days tram due date of installment on line 9

to the date shown on line 19 20

21 Numeaoiamo,, iinaxoafter anvtooz .naeefom inrzoo3 21

22 UrMCpeymnt on line 17 x Numbs of Eon line 21 z 6% 22 365

23 Number of Cap on line 20 aft. 12A7/1002 and Cab. u12003 23

24 UnEapyment on Ilns 77 x Numpm of OM on Ilne 27 .5% 24 E f $ 365

25 NumDerolCapon onezo .nKareirzomy,aeerom 711,2000 25

26 Unaepelmmt on line 17 a Number of Um on une 75 x x zs a a a 395

27 Number of dye online 20 alter fJJQ200J and befois 10P112000 27

28 UnOerycymen[ on line 17 z Numoerof Ows on Ilne 27 z % 28 X65

29 Number o1 dye online 70 afla Y302007 and Won 1n2004 29

30 Unaerpw~tonnnet7x NUmxrotawsononeY9 x "% 30 a a a $ 365

31 Numwroldays online loafter t7At2003anobsbreW6200a 31

32 Uneerpeymentonline l7 s Numxrolaevsonline 7l x % 32

33 Add lines 22, 24 26, 28, 30, and 32 33 E $ $

34 Penalty Add columns (a) through (d), of line 33 Enter the total here and on Form 1720, line 33, Form 1120-A, line

29, or the comparable line for other income fax returns 34 $ 0 " For underpayments pal0 after Marsh 31, 2003 For lines 26, 28, 30 and 32 use the penalty interest ate for each calendar quarter, which the IRS will determine during the first menu in the preceding quarter These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin To obtain this information on the Internet, access tie IRS Web Site at win irs qov You can also call 1-800-829-1040 to gel interest rate information

JWA Form 2220 (2002)