finairetiss - intrepid museum

Form 990 Return of Organization Exempt From Income TaxUnder section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung

Department of the Treasury benefit trust or private foundation)Internal Revenue Service The organization may have to use a copy of this return to satisfy state reporting requirements .ror me uu caienaar year, or tax year begInning 05/0? , 2005, and end 04/30/20 06

B check if oppkcatde : Please I C Name of organization 0 Employer identification numberfl ::z:s useIRs i INTREPID MUSEUM FOUNDATION, INC 13-3062419label or !Noise change pflnt or Number and street (or P .O . box if mail is not delivered to street address) Room/suite E Telephone numberInitial return type.

FinairetissP LQNE INTREPID SQUARE-46TH ST . & 12TH AVENUE (212)245-2533

Amended F AccountIngInstruc- CIty or town, state or country, and ZIP + 4 method: Cash X Accrual

Apphcotion dons. NEW YORK, NY 10036 Other(specity)

• Section 501 (c)(3) organizations and 4947(a)(1) nonexempt charitable H and I are not applicable to section 527 organizations .trusts must attach a completed Schedule A (Form 990 or 990EZ) . H(a) Is this a group return for affiliates? LII Yes No

G Website: WWW .INTREPIDMUSUEM.ORG JH(b) lf"Yes," enter numberof affiliates -- --

J Organization type (check only one) Ix 501(c) ( 03 ) 4 (insert no .) I4947(a)(l) or j 527 H(c) Are all affiliates included? Yes No(If "No" attach a list. See instructions.K Check here If the organIzations gross receipts are normally not more than $25,000 . The -H(d) Is this a separate return filed by an

organizatIon need not tile a return with the IRS ; but it the organization chooses to file a return, be organization covered by a group ruling? Yes X Nosure to file a complete return . Some states require a complete return. I Group Exemption Number

M Check [_J if the organization is not requiredL Gross receipts: Add lines 6b, 8b, 9b, and lOb to line 12 34, 163 656 . to attach Sch . B (Form 990 990-EZ, or 990 .PF) .I . i I Revenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions .)

I Contributions, gifts, grants, and similar amounts received : STMT 1a Direct public support . . . . . . . . . . . . . . . . . . . . . . . . Ia 16, 916, 695 ..b Indirect public support . . . . . . . . . . . . . . . . . . . . . . . I b.c Government contributions (grants) .Ic 6, 512, 428 .d Total (add lines lathiough Ic) (cash$ 23, 361, 123 . noncash$ 68, 000 ) Id 23, 429, 123 .

2 Program service revenue including government fees and contracts (from Part VII, line 93) .2 8, 216, 24 03 Membership dues and assessments .34 Interest on savings and temporary cash investments 45 Dividends and interest from securities . . . . . . . . . STIlT. 3 . . . . . . . . . . . . . . . . . .

.

.5 315, 309 .6 a Gross rents 6 a 1, 298, 590 ..b Less: rental expenses . . . . . . . . . . . . . . . . . . . . . . . .Gb 959, 543 .C Net rental income or (loss) (subtract line 6b from line 6a) . . . . . . . . . . . . . . . . . . . . . 6c 339, 047 .7 Other investment income (describe )

.7

8 a Gross amount from sales of assets other (A) Securities (B) Otherthan inventory 81,423 . 8a 20,000 ..

b Less: cost or other basis and sales expenses 75, 436 . 8 bC Gain or (loss) (attach schedule) 5, 987 . 8c 20, 000 .d Net gain or (loss) (combine line Sc, columns (A) and (B)) . . . . . . . . . . . . . . . . . . . . . . . .

_

8d 25, 987 .9 Special events and activities (attach schedule), If any amount is from gaming, check here Liia Gross revenue (not including $ 2, 736, 436 . of STMT 7

contributions reported on line la) . . . . . . . . . . . . S'['IlT. •8 . 9a 157, 000 .b Less : direct expenses otherthan fundraising expenses . . . . . . . . .9b 157, 000 .

.

C Net income or (loss) from special events (subtract line 9b from line 9a) . . . . . . . . . . . . . . . . . 9c1 0 a Gross sales of inventory, less returns and allowances . . . . . . . . 1 Oa

..

b Less: cost of goods sold .lObC Gross profit or (loss) from sales of inventory (attach schedule) (subtract line lOb from line ba) lOc

II Other revenue (from Part VII, line 103) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..11 645,971 .

12 Total revenue (add lines id, 2,3, 4,5, Sc, 7, Sd, 9c, 10c, and 11).12 32,971,677 .

13 Program services (from Iine44, column (B)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 15,541,234 .14 Management and general (from line 44, column (C)) . . . . . . . . . . . . . . . . . . . . . . . . . . 14 2, 153, 504 .

B 15 Fundraising (from line 44, column (D)) 15 709, 918 .1 6 Payments to affiliates (attach schedule) .1617 Total expenses (add lines 16 and 44, column (A)) . . . . . . . . . . . . . . . . . . . . . . . . . .

.

17 18,404,656 ..2 18 Excess or (deficit) for the year (subtract line 17 from line 12) . . . . . . . . . . . . . . . . . . . . . .

.

.

.18 14, 567, 021 .19 Net assets or fund balances at beginning of year (from line 73, column (A))

.

19 47, 551, 515 .20 Other changes in net assets or fund balances (attach explanation) . . . . . .S1't'.j .9. . . STIlT. LQ

.20 113,371 .

Z 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) 21 62, 231, 907 .For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions .

JSA5E1010 2.000

Form 990 (2005)

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 4

Form99O(2005) 13-3062419 Page2Ifl 111 Statement of All organizations must complete column (A) . Columns (8), (C), and (D) are required for section 501(c)(3) and (4)

Functional Expenses organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See the instructions .)Do not include amounts reported on line

6b, 8b, 9b, lOb, or 16 of Part! . . .'A' TOfSI

'(B) Program

services(C) Management

and general ID' Fundraising

22 Grants and allocations (attach schedule)(cash$ _______________ noncash$ _____________

If this amount includes foreign grantscheck here

22: . . . . ... . : .

23 Specific assistance to individuals (attachschedule)

______

____

___________

__________

______

______

________________

______________

________

_______

24 Benefits paid to or for members (attachschedule) 24

25 Compensationofofficers,directors,etc . 25 1,662, 763 . 1,483, 755 . 128, 005 . 51 ,003 .26 Othersalariesandwages 26 5,399, 552 . 4,818, 252 . 415, 676 . 165 ,624 .27 Pension plan contributions NON)' _________________

28 Otheremployeebenefits.

..

28 477, 653 .____________

315,_____

662 . 159, 261 .____________

2______

,730,29 Payrolltaxes

.29 1,132, 287 . 747, 309 . 362, 332 . 22 ,646 .

30 Professional fundraising fees.

31 Accountingfees 31 158, 392 . 67, 871 . 77, 518 . 13 ,003 .32 Legalfees

.

.32 265, 715 . 113, 860 . 130, 041 . 21 ,814 .33 Supplies . . . . . . . . . . . . . 33 182, 808 . 131, 571 . 39, 502 . 11 ,735 .34 Telephone . . . . . . . . . . . . . . .

.

.34 171, 359 . 165, 063 . 4, 755 . 1 ,541 .35 Postageandshipping . . . . . . . . . .35 108, 207 . 44, 387 . 58, 045 . 5 ,775 .36 Occupancy . ________________ _________________

37 Equipment rental and maintenance 37___________

767,_____

063 .___________

743,_____

986 . 17, 281 . 5 ,796 .38 Printing and publications . __________________ __________________

39 Travel . . . . . . . . . . . . . . . . . . .39_____________

79,_____

766 .____________

68,______

007 . 4, 747 . 7 ,012 .40 Conferences, conventions, and meetings . 4!41 Interest . . . . . . . . . . . . . . . . . 41 186, 813 . 186, 813 .42 Depreciation, depletion,çtc (aUachschedule)

.42 3,174, 305 .

__________

3,102,_____

176 . 62, 920 .___________

9____

,209 .43

a

.TMt L-19Other expenses not covered above (itemize) :S1T5 -43a

STMT4,637,

11973 . 3739, 335 . 506 , 608 . 392 , 030 .

b 13bc 13c

_______________ _______________ __________

___________

_____

______

___________

____________

_____

______

d 43d_________________ ____________

___________

_____

_____ ________________ _________________

e 43e________________

_________________

f 43f_________________ ___________

___________

______

______ _________________

____________

____________

_____

______

g-

43g_________________

________________ _________________

44 Total functional expenses . Add lines 22through 43. (Organizations completingcolumns (B)-(D), carry these totals to lines13-15) . . . . . . . . . . . . . . . . . . . 4

___________

18,404

_____

,656 .

___________

15,541,

_____

234 . ,153 504 09 918 .Joint Costs . Check if you are following SOP 98-2 .Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? Yes NoIf "Yes," enter (I) the aggregate amount of these joint costs $

__________________(ii) the amount allocated to Program services

$__________________

(iii) the amount allocated to Management and general $ and (iv) the amount allocated to Fundraising $Form 990 (2005)

JSA5E1020 2.000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 5

Form 990 (2005) 13-3062419 - IFlilllI Statement of Program Service Accomplishments (See the instructions.)Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about aparticular organization . How the public perceives an organization in such cases may be determined by the information presentedon its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part Ill, the organization'sprograms and accomplishments.What is the organizations primary exempt purpose? AS-P4USEUM Program Service

All organizations must describe their exempt purpose achievements in a clear and concise manner . State the number (Required for 501(c)(3) andof clients served, publications issued, etc . Discuss achievements that are not measurable . (Section 501(c)(3) and (4) (4) orgs ., and 4947(a)(1)

organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others .)

-

trusts ; but optional forothers .)

a THE PRIMARY PURPOSE OF THE FOUNDATION IS CONNECTED WITH THEOPERATIONS OF THE U .S .S . INTREPID AS A SEA-AIR-SPACE MUSEUM .

(Grants and allocations----If this amount udes for&gn grants, check here [Ti 11,264, 020 .b A SECONDARY PURPOSE OF THE FOUNDATION IS TO PROMOTE INTEREST

NATIONAL INSTITUTIONS AND AMERICPN HISTORY

(Grants and allocations----If this amount includes foreign grants, check here fl , 928 .C A PURPOSE OF THE FOUNDATION IS TO HELP PROVIDE FINANCIALASSISTANCE TO SURVIVING SPOUSES AND DESCENDANTS OF MEMBERSOF THE U .S . ARMED SERVICES WHO DIED WHILE IN SERVICE . THIS

________________FUNDRAISING AND ADMINISTRATIVE SERVICES TO THE INTREPIDFALLEN HEROES FUND(Grants and allocations $ ) If this amount includes foreign grants, check here [ 28 32 86 .

d

(Grants and allocations----If this amount inchides foreign grants, check here. [Ti _______________

e Other program services (attach schedule)(Grants and allocations $ ) If this amount includes foreign grants, check here ri ____________________

f Total of Program Service Expenses (should equal line 44, column (B), Program services) . . . . 15,541,234 .Form 990 (2005)

JSA5E1021 1000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 6

Form 990 (2005) 13-3062419 page4ITII Rlnr fS th instriictionsi

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

-End of year

45 Cash - non-interest-bearing . . . 45 ___________________. . . . . . . . . . . . . . . . . . . . . . . . .__________________. . . . . . . . . . . . .46 Savings and temporary cash investments 3,135,962 . 46 1, 085, 216 .. . . . . . . .

47a Accounts receivable . . . . . . . . . . . .47a 468, 65947bb Less: allowance for doubtful accounts 485, 680 . 47c 459, 836 .. . . . .

48a Pledges receivable . . . . . . . . . 48a 6,791, 627 ..b Less: allowance for doubtful accounts .48b 7, 074, 660 . 48c 6, 791, 627 .. . . . . . . _________________

49 Grants receivable . .1,001,785 . 49 579,942 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50 Receivables from officers, directors, trustees, and key employees

. . . . . .(attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . .51a Other notes and loans receivable (attachschedule) 151a

U,

'

....I-51 bb Less: allowance for doubtful accounts _________________ Sic __________________

... . . . . .

52 Inventories for sale or use . .. . . . . . . . . . . . . . . . . . . . . . . .53 Prepaid expenses and deferred charges . . . . . . . . . . . . . . STMT. 26 . 114,284 . 53 213,888 .54 Investments - securities (attach schedule) $'J'I1'' 2J LII Cost EiIII FMV 504, 020 . 54 15, 063, 1 61 ..55a Investments - land, buildings, and

equipment: basis . . . . . . . . . . .b Less: accumulated depreciation (attach

.schedule) . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . ST.Mr. 2856 Investments - other (attach schedule) 1,780,708 . 56 1,780,708 ..

57a Land, buildings, and equipment: basis .S.TMT .43. 57a 70,583,325b Less: accumulated depreciation (attach

schedule) .Sib 27,921,227 41,527,120 SiC 42,662,098 .. . . . . . . . . . . . . . . . . . . . . . .58 Other assets (describe STNT 44) 230,000 . 58 230,000 .

59 Total assets (must equal line 74) . Add lines 45 through 58 . . . . . . . . . . . .55, 854,219 . 59 68, 866, 476 .-

. . . . . . .60 Accounts payable and accrued expenses 2, 672,409 . 60 2,428, 045 .. . . . . . . . .61 Grants payable . . . . . . . . . . . . . . . . . . . 68,888 . 61 NONI. . . . . . . . . . . . . . .62 Deferredrevenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.

.873,927 . 62 754,689 ..

63 Loans from officers, directors, trustees, and key employees (attachschedule) . . . 'MT. 45 4,421,681 . 63 1,792,925 .. . . . . . . . . . . . . . . . . . . . . . . . . . .

64a Tax-exempt bond liabilities (attach schedule) . . . . . . . . . . . . . . . . . . 64a __________________

b Mortgages and other notes payable (attach schedule) 11T . 4.__________________

NONJ 64b 1,440, 000 .65 Other liabilities (describe STMT 47 ) 265,799 . 65 218, 910 .

66 Total liabilities . Add lines 60 through 65 8,302,704 . 66 6,634,569 .-

Organizations that follow SFAS 117, check here [JJ and complete lines67 through 69 and lines 73 and 74 .

67 Unrestricted . . . . 37,947,897 . 67 40,993,814 .. . . . . . . . . . . . . . . . . . . . . . .68 Temporarily restricted . . . .

.950,724 . 68 352,982 .. . . . . . . . . . . . . . . . . . . . . . .

69 Permanently restricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,652,894 . 69 20,885,111 .

. Organizations that do not follow SFAS 117, check here Liii andcomplete lines 70 through 74 .

.

. . .or current fundstrust principal70 Capital stockq,

. . . . . . . . . . .,,building, and equipment fund . .or land71 Paid-in or capital surplus

.

11. _________________,, ________________

accumulated income, or other funds .endowment72 Retained earnings ,,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) . . . . . . . . 47,551,515 . 73 62,231, 907 .

74 Total liabilities and net assets/fund balances. Add lines 66 and 73,.

55, 854, 219 . 74 68, 866, 476 .Form 990 (2005)

JSA

5E1030 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1

FormggO(2005) 13-3062419 Page5i1IYE1 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the

instructions .)

a Total revenue, gains, and other support per audited financial statements . . . . . . . . . . . . . . . . . . . . .a 33, 485, 077 .b Amounts included on line a but not on Part I, line 12 :i Net unrealized gains on investments . . . . . . . . . . . . . . . . . . . . . . . . . bj 46,745 .

2 Donated services and use of facilities . . . . . . . . . . . . . . . . . . . . . . . . . 117 556-' 793 .

3 Recoveries of prior year grants . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.

11.34 Other (specify) : ---------------------------------------------

.

.

b4 ________________

Add lines bi through b4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . k 603, 538 .c Subtract line b from line a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .C 32,881,539 .d Amounts included on Part I, line 12, but not on line a :

.

I Investment expenses not included on Part I, line 6b . . . . . . . . . . . . . . . . . ii2 Other (specy):?---------------------------

.

d2 90,138 .Addlinesdlandd2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d 90,138 .

e Total revenue APart I, line 12) . Add lines c and d . . . . . . . . . . . . . . . . . .. . . . .. °

.e 32,971,677 .

i ivi Reconciliation of Expenses per Audited Financial Statements With Expenses per Return______________

a . . . . . . . . . . .Total expenses and losses per audited financial statements . . . . . . . . . . . . . . . a 18, 804,971 .. .b Amounts included on line a but not on Part I, line 17 :I Donated services and use of facilities . . . . . . . . . . . . . . . . . . . . . . . . . 556, 793 .

2 Prior year adjustments reported on Part I, line 20 . . . . . . . . . . . . . . . . . .L t d P t I li 20

.

3 . . . . . . . . . . . . . . . . . . . . . . . . . . .osses repor e on ar , ne4 Other (specify) : --------------------------------------------

[114Add li bi th h b4 b 556, 793 .nes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .roug . . . . . . . . . . . . . .S bt tli bf li c 18,248,178 .c nea . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .u rac ne rom . . . . . . . . . . . . . .

d Amounts included on Part I, line 17, but not on line a:

.

.

I Investment expenses not included on Part I, line 6b . . . . . . . . . . . . . . . . . di2 Other(specffy):---i-i- ---------------------------

.

d2 156,478 .

Addlinesdlandd2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d 156,478 .e Total expenses (Part I, line 17) . Add lines c and d

.e 18, 404, 656 .

L TL!I Current Officers, Directors, Trustees, and Key Employees (List each person who was an officer, director, trustee,or key emolovee t nv time dttrinci the ver even if they were not comoensated .i (See the instructions.)

-(A) Name and address

(B)tie and average hours pes!) .evoted!cosfiion

(C) Compensation(If not paid, enter

.0..)

(0) Conlribulions to nnp4oynebenefit plans & defe,radoompensation plans

(E) Expense accountand other allowances

SEE STATEMENT 50 1,238,592 . 35,720 . NONE

Form 990 (2005)

JSA§E1040 1000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 8

Form9SO(2005) 1t-3flI2419 Page6

•1VE1 Current Officers, Directors, Trustees, and Key Employees (continued) Yes No

75a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board -

meetings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated - - -- -

employees listed in Schedule A, Part I, or highest compensated professional and other independentcontractors listed in Schedule A, Part Il-A or Il-B, related to each other through family or businessrelationships? If "Yes," attach a statement t,hat identifies t,e jpdividuals and explains the relationship(s) . . . . . . 75 b x

M1 11-c Do any officers, directors, trustees, or keymplàyees 1T'sthd in Form 990, Part V-A, or highest compensated

employees listed in Schedule A, Part I, or highest compensated professional and other independentcontractors listed in Schedule A, Part Il-A or Il-B, receive compensation from any other organizations, whether

.

tax exempt or taxable, that are related to this organization through common supervision or common control?Related organizations include section 509(a)(3) supporting organizationsNote 75c...

If "Yes," attach a statement that identifies the individuals, explains the relationship between this organization andthe other organization(s), and describes the compensation arrangements, including amounts paid to eachindividual by each related organization .

d Does the organization have a written conflict of interest policy? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .75d xtjJ Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits

(If any former officer, director, trustee, or key employee received compensation or other benefits (described below) duringthe year, list that person below and enter the amount of compensation or other benefits in the appropriate column . See, theinstructions .)

(A) Name and address (B) Loans and Advances (C) Compensation)D) Cofltributo,, to n,pio e

be,,efit ploosS d,torrJcomponsaton plons

(E) Expenseaccount and other

allowances

SEE STATEMENT 59 0- 888,248 . 54,464 . NONE

IT LYAI Other Information 'See the instructions .) Yes

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

77. . . . . . . . . . .

Were any changes made in the organizing or governing documents but not reported to the IRS? . . . . . . . . . . .77.

78aIf Yes attach a conformed copy of the changes

Did the organization have unrelated business gross income of $1,000 or more during the year covered bythis return'?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Th. J.c

b If "Yes," has it filed a tax return on Form 990 .T for this year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ..

79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .a statement . . . . . . . ..

.''"''

LL. . . .

2L80a

. . . . . . . . . . . .

Is the organization related (other than by association with a statewide or nationwide organization) throughcommon membership, governing bodies, trustees, officers, etc ., to any other exempt or nonexemptor anization'?

.

".... "P.J

._

b

81ab

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .gIf Yes enter the name of the organizationHELIPORT CORP-STMT 61 and check whether it isl[exempt orlllnonexemptEnter direct and indirect political expenditures (See line 81 instructions) I 8laIDid the organization file Form 1120-POL for this year?

., . ...,..

81b - X

JSA5E1042 2 .000

Form 990 (2000)

59839}1 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1

IfliLY4I Other Information (continued)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?b If "Yes," you may indicate the value of these items here . Do not include this amountas revenue in Part I or as an expense in Part II . (See instructions in Part Ill .) . . . . . . . . . . . . . . I 82b I 559, 992

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

84 a Did the organization solicit any contributions or gifts that were not tax deductible?b If "Yes," did the organization include with every solicitation an express statement that such contributions

or gifts were not tax deductible?85 501(c) (4), (5), or (6) organizations, a Were substantially all dues nondeductible by members?

b Did the organization make only in-house lobbying expenditures of $2,000 or less?

83a83b84a

21No

84b N/85a N/s..85b N/

If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organizationreceived awaiver for proxy tax owed for the prior year .

c Dues, assessments, and similar amounts from members .85c . N/Ad Section 162(e) lobbying and political expenditures . . . . . . . . . . . . . . . . . . . . . . . . . .85d N/Ae Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices .85e N/Af Taxable amount of lobbying and political expenditures (line 85d less 85e) .8Sf N/Ag Does the organization elect to pay the section 6033(e) tax on the amount on line 85f?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'? . . . . . . . . . . . . . . .86 501(c)(7) orgs . Enter: a Initiation fees and capital contributions included on line 12 .86a ____________

b Gross receipts, included on line 12, for public use of club facilities . .86b ____________

87 501(c)(12) orgs. Enter: a Gross income from members or shareholders 87ab Gross income from other sources . (Do not net amounts due or paid to othersources against amounts due or received from them .) ..____________

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation orpartnership, or an entity disregarded as separate from the organization under Regulations sections301 .7701-2 and 301 .7701-3? lf"Yes," complete Part IX

89 a 501(c) (3) organizations . Enter: Amount of tax imposed on the organization during the year under :section 4911 N/A section 4912 N/A ; section 4955 _______________

b 501(c) (3) and 501(c) (4) orgs . 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

88 X

a statement explaining each transaction .!!. -c Enter : Amount of tax imposed on the organization managers or disqualified persons during the year undersections 4912, 4955, and 4958 . N/A

d Enter : Amount of tax on line 89c, above, reimbursed by the organization . N/A90 a List the states with which a copy of this return is filed _____________________________________________________________________________________

b Number of employees employed in the pay period that includes March 12, 2005 (See instructions .) . . . . . . . . . . . . .90b j 21291a The booksareincareof MS PATRICIA BEENE Telephoneno . ' 212 957-7320

Locatedat, ONE INTREPID SQUARE NY .NY , ZIP+4 10036

b At any time during the calendar year, did the organization have an interest in or a signature or other authority over Yes Noa financial account in a foreign country (such as a bank account, securities account, or other financial account)'? . . . . . . . . . . . . .91 b Xlf"Yes," enter the name of the foreign country ____________________________________________________See the instructions for exceptions and filing requirements for Form TD F 90-22 .1, Report of Foreign Bankand Financial Accounts .

c At any time during the calendar year, did the organization maintain an office outside of the United States'? . . . . . . . . . . . . . . . 91c Xlf"Yes," enter the name of the foreign country ___________________________________________________

92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041 -Check here IIIand enter the amount of tax-exempt interest received or accrued during the tax year . . . . . . . . . . . . . . . . . .92 I N/A

Form 990 (2005)

JSA5E1041 2 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 10

Form 990 2005) 13-3062419 In&vi I Analysis of Income-Producing Activities (See the instructions .)Note :indicai

93a

b

C

d

e

f

g

94

959697

ab

9899

100101102103

bC

d

e

104

Enter gross amounts unless otherwise Unrelated business income Excluded by section 512, 513, or 514 (E)ted.

Program service revenue :(A)

Business code(B)

Amount____________________

(C)Exclusion Code_________

(D)Amount

Related orexem t functionp

incomeADMISSIONS

_________

_______________

____________________

8,216,240 ._______ _______ _______________

Medicare/Medicaid payments . . . . . . . . . _______________________ __________ __________________________

Fees and contracts from government agencies_________ _______________________

Membership dues and assessments__________ ________________________

______________________

___________

_________

________________________ ___________________________

________________________

Interest on savings and temporary cash investments

_________

____________________________ ____________

______________________

________________________________

Dividends and interest from securities . .____________

_________ 14_____________________________

315, 309 . _____________________

Net rental income or (loss) from real estate :______

______ ______ ______

debt-financed property . . . . . . . . . . ______________________ _________

______ ______

______________________ ________________________

not debt-financed property . . . . . . ._________

. ______________________ ________________________

Net rental incomeor(loss)from personaiproperty .

_________

532000 239,297 -

_________

__________

______________________

_______________________ 99,750 .Other investment income . . . . . . . . . _______________________

Gain or (loss) from sales of assets other than inventory

________ ____________________

____________________________

_________

1 8____________________

25, 987 _______________________________

Net income or (loss) from special events____________

_______________________ _________ ______________________ __________________________

Gross profit or (loss) from sales of inventory

.

_________

__________________________ ___________

Other revenue: a___________ __________________________

_____________________________________________

CONCESSIONS -FOOD_________ ______________________

______________

_________

03_____________________

608,083 . _______________

MISCELLANEOUS INC .______

01 8,638 . ______________ROYALTY INCOME

_____ _____________

_____________ 15 29,250 . ____________________

Subtotal(addcolumns(B),(D), and(E)) . . 239,297 987,267 . 8,315,990 .105 Total(add line 104, columns (B), (D), and (E)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,542, 554 .Note: Line 105 plus line Id, Part!, should equal the amount on line 12, Part I .iTVAlII Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions.)

Line No. Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishmenty of the organizations exempt purposes (other than by providing funds for such purposes) .

I1I Information Regarding Taxable Subsidiaries and D isregarded Entities (See the instructions .)(A)

Name address and EIN of corporation,partnership or disregarded entity

(B)Percentage of

ownership interest

(C)Nature of activities

(D)Total income

(ElEndofyear

assetsSTMT 61 ________ _____________ NONE 217,561 .

% ________________ _______________ ________________________________________________________IflL4 Information Reaardina Transfers Associated with Personal Benefit Contracts (See the 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 contract? Yes x NoNote : If "Yes" to (b), file Form 8870 and Form 4720 (see instructions) .

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledgeand belief, it is true, correct, and complete . Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge .

P!easeg ' V Signature of officer Date

HereType or print name and title .

preparer's Date Check if Preparef s SSN or PTIN (See Gen . Inst . W)

Paid signature employed

Preparer's Firm's name (oryours BERDON LLP EIN 13-0485070Use Only itself-employed), 360 MADISON AVE Phone

address, and ZIP+4 NEW YORK, NY 10017 no. ' 212-832-0400Form 990 (2005)

JSA5E1050 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 :1,].

1

OoHForr eitt (Rev. 12-2004) Page 2

• If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box [çJNote: Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868 .• If you are filing for an Automatic 3-Month Extension, complete only Pjpj) .

Additional (not automatic) 3-Month Extension of Time - Must FileName of Exempt Organization I ; Employer Identification number

Type orprint

File by theextendeddue date forfiling thereturn . See

44vir-ter, streel, and room or suite no. If a P .O. bo see instructions .'JLNZ, .1. L'I I I\1O'j. L) UtWst, '401 ri i I . 5 .1. Li tl tSV r,LNUO,

City, town or post office, state, and ZIP code . For a foreign address, see instructions .instruchon NEW YORK, NY 100 6

13-3062419_______________________________For IRS use only

Chock type of return to be filed (File a se arate application for each return) :Form 990 Form 990-T(sec. 401(a) or 408(a) trust) Form 5227Form 990-BL Form 990-I (trust other than above) Form 6069Form 990-EZ Form 1041-A Form 8870

j_ Form 990-PF Form 4720STOP: Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868 .• The books are in the care of MS CHRIS TIN MCMANUS

Telephone No. 212 957-7320 FAX No. ___________________________• If the organization does not have an office or place of business in the United States, check this box . . . . . . . . . . . . . . . LII• If this is for a Group Return, enter the or anization's four digit Group Exemption Number (GE__ . If this isfor the whole group, check this box If it is for part of the group, check this box U and attach a list with thenames and EINs of all members the extension is for. ________________________________________4 I request an additional 3-month extension of time until 03 15 20075 For calendar year or other tax year beginning - 2005 and ending 04LQJQ ._•

6 If this tax year is for less than 12 months, check reason : Initial return Final return JJ Change in accounting period7 State in detail why you need the extension ADDITIONAL TIME 1 EUIREDTOGATHR NP

IN FOT ION INCLUDING IN FOT ION FROM THIRD PARTIESNECESSARY TO PREPARE AND FILE A COMPLETE AND ACCURATE TAX RETURN . __________________

Ba If this application is for Form 990-BL, 990-PF, 990-1, 4720, or 6069, enter the tentative tax, less anynonrefundable credits. See instructions $

b If this application is for Form 990-PF, 990-1, 4720, or 6069, enter any refundable credits and estimatedtax payments made . Include any prior year overpayment allowed as a credit and any amount paidpreviously with Form 8868 . . . . . . . . . . ! .... NONE

c Balance Due . Subtract line 8b from line Ba . Include your payment with this form, or, if required, depositwith FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) . Seeinstructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Signature and Verific trlERDON IL?Under penalties of perjury, I declare that I have examined this form, including accompanyinEffLHWD RiUBUC,GQOI,JNTcAI'Sjre best of my knowledge and belief,it is true, correct, a complete, and that I am auth rued prepare this form . 360 MADISON AVENUEs ignalumJ/L ThIe _____

Notice to Applicant - To Be Completed by the IRSWe have approved this application . Please attach this form to the organization's return .We have not approved this application . However, we have granted a 10-day grace period from the later of the date shown below or the duedate of the organization's return (including any prior extensions) . This grace period is considered to be a valid extension of time for electionsotherwise required to be made on a timely return . Please attach this form to the organization's return .We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension of timeto file . We are not granting a 10-day grace period .

R We cannot consider this application because it was filed after the exthnded c "Ø.p1-eL1ije return for Which an extensionasirsted .Other

Director j L -

Alternate Mailing Address - Enter the address if you want the c6py oiD-sp lication 1bY adrcltidnal 3-month extension -returned to an address different than the one entered above .

Type or Number and street (include suite, room, or apt . no .) or a P .O . box numberprint

360 MADISON AVE _______ _______

City or town, province or state, and country (including postal or ZIP code)

JSA - - - Form8868 (Rev . 12-2004)5F6055 1 .000

59839H 1608 11/29/2006 13 :17 :12 V05-8 518892-1

8868 I Application for Extension of Time To File an0MB No. 1545-1709(Rev. December 2004) Exempt Organization Return

Department of the TreasuryInternal Revenue Service File a separate appbcation for each return .• If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box [J• If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form) .Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.inai Automatic 3-Month Extension of Time - Only submit original (no copies needed)Form 990-T corporations requesting an automatic 6-month extension - check this box and complete Part I only . . . . . . . . . . , LIA!! other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returns .Partnerships, REM!Cs, and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041 .Electronic Filing (e-file) . Form 8868 can be filed electronically if you want a 3-month automatic extension of time to file one of thereturns noted below (6 months for corporate Form 990-T filers) . However, you cannot file it electronically if you want the additional(not automatic) 3-month extension, instead you must submit the fully completed signed page 2 (Part II) of Form 8868 . For moredetails on the electronic filing of this form, visit www.irs.gov/efi!e.Type or Name of Exempt Organization Employer Identification number

print INTREPID MUSEUM FOUNDATION, INC. 13-3062419File by the Number, street, and room or suite no . If a P.O. box, see instructions .duedaietor ONE INTREPID SQUARE-46TH ST . & 12TH AVENUE

City, town or post office, state, and ZIP code . For a foreign address, see instructions .instructrons. NEW YORK, NY 10036Check typo of return to be filed (file a se arate application for each return):X Form 990 Form 990-T (corporation) Form 4720

Form 990-BL Form 990-T(sec. 401(a) or 408(a) trust) Form 5227Form 990-EZ Form 990-T (trust other than above) Form 6069Form 990-PF Form 1041-A Form 8870

• The books are in the care of MS PATRICIA BEENE

Telephone No. 212 957 .7320 FAX No. 212 957 .7324

• If the organization does not have an office or place of business in the United States, check this box U• If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) isfor the whole group, check this box . If it is for part of the group, check this box [ .J and attach a list with thenames and ElNs of all members the extension will cover .

I I request an automatic 3-month (6-months for a Form 990-T corporation) extension of time until 12/15 , 200kto file the exempt organization return for the organization named above . The extension is for the organization's return for

calendar year_______ orx taxyearbeginning 05/01 2005,and ending 04/30 2006

2 If this tax year is for less than 12 months, check reason : LI Initial return [I] Final return U Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits. See instructions . $ NONE

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax paymentsmade. Include any prior year overpayment allowed as a credit $ NONE

c Balance Due. Subtract line 3b from line 3a . Include your payment with this form, or, if required, depositwith F1D coupon or, if required, by using EFIPS (Electronic Federal Tax Payment System) . Seeinstructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ NONE

Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EQ and Form 8879-EQfor payment instructions .For Privacy Act and Paperwork Reduction Act Notice, see Instructions . Form 8868 (Rev. 12-2004)

JSA5F8054 1 .000

518892 108 09/07/2006 16 :35 :47 V05-7.3 1

SCHEDULEA 1 Organization Exempt Under Section 5O1(c)(3)(Form 990 or 99o-Ez) I (Except Private Foundation) and Section 501(e), 501(f), 501(k), 501(n),

or 4947(a)(l) Nonexempt Charitable Trust

Department of the Treasury I Supplementary Information - (See separate instructions .)Internal Revenue Service I MUST be completed by the above organizations and attached to their Form 990 or

Name of the organization

0MB No. 1545-0047

©O5INTREPID MUSEUM FOUNDATION, INC I 13-3062419ITII Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees

(See page 1 of the instructions . List each one . If there are none, enter "None .") - - - -

(a) Name and address of each employee paid more/:e (c) Compensation

(d) Contributions toemployee benefit plans &

(e) Expenseaccount and otherpnpv

deferred compensation allowances

JOHN ZOKOWSKY CURATORC/O INTREPID MUSUEM FDN .-46TH 50 99,869 . 3,846 . NONESARAH MERKEL DIRECTORC/O INTREPID MUSEUM FDN - 46TH 50 93,299 . 7,240 . NONEPETER FEDERICO AVPC/O INTREPID MUSEUM FDN - 46TH 50 6,056 . NONERICHARD LISI AVPC/O INTREPID MUSEUM FDN - 46TH 50 75,266 . 443 . NONELINDA MELLON CHIEF OF STAFFC/O INTREPID MUSEUM - 46TH 50Total number of other employees paid over $50000 - . 14 ___________________________________________________

LjLj Compensation of the Five Highest Paid Independent Contractors for Professional Services(See page 2 of the instructions. List each one (whether individuals or firms) . If there are nprie, enter "None .")

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

SEE STATEMENT 62 _______________________ __________________

Total number of others receiving over $50,000 forprofessional services 13 __________________________________________________________

IIJ Compensation of the Five Highest Paid Independent Contractors for Other Services(List each contractor who performed services other than professional services, whether individuals orfirms . If there are none, enter "None ." See page 2 of the instructions .)

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

SEE STATEMENT 63 _________________________________________

Total number of other contractors receiving over

$50,000 for other services 4 _________________________________________________________________

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

JSA

5E1210 1 .000

Schedule A (Form 990 or 990-EZ) 2006

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 12

Schedule A (Form 99001990-EZ) 2005 13-306241 9 Page 2ITiIIII Statements About Activities (See page 2 of the instructions .)

During the year, has the organization attempted to influence national, state, or local legislation, including anyattempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paidor incurred in connection with the lobbying activities $ 56, 945 . (Must equal amounts on line 38,Part Vl-A, or line i of Part Vl-B .) . . . . . . . . . . . . . . . . . . . . . . . . . L -_ ... . . . . . . . . . . . . . . . . . . . . . . _Organizations that made an election under section 501(h) by filing Form 5768 must complete Part Vl-A . Otherorganizations checking "Yes" must complete Part Vl-B AND attach a statement giving a detailed description ofthe lobbying activities .

2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with anysubstantial 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, majorityowner, or principal beneficiary? (If the answer to any question is "Yes," attach a detailed statement explaining thetransactions.)

a Sale, exchange, or leasing of property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I _-_. . . . . . . . . . . . . . .TJ'4T . 4s. . . . . .b Lendin of mone or other extension of credit?

..2 -.. . . . . . .. . . . . . . . . . . . . . . . . . . . .g y _- ._ .

. . S.TM'Y . 5. . . . . . . . . .c Furnishin of goods services or facilities'?

.

i J. . . .. . . . . . . . . . . . . . . . . . . .g , , . ... .000)? . .SEF . T,Nr. # Q . .ment or reimbursement of expenses if more than $1d Payment of com ensation (or a ! _Ji,p p y .. _

. . . . . . . . . . . . . . . . . . . . . . . . .e Transfer of any art of its income or assets? !L -. . . . . . . . . . . . . . . .p ... .3a Do you make grants for schohrships, fellowships, student loans, etc .? (If "Yes," attach an explanation of how

. . . . . . . . . . . . . . . . . . . . . . ..you determine that reci to receiveients ualif a ments ) .-. . . . . . . . . .p q y p y .. . . . . . . . .. . . . . . . . . . .ees'?our emb Do you have a section 403(b) annuit lan for lo A12 ~c. -p . . . . . . . . . . . .y p y y _

anization receive a contribution of qualified real property interest under section 170(h)'? . . . . . . .c During the year did the or ! -, g .

4a Did you maintain any separate acco(int for participating donors where donors have the right to provide advice on

.

the use or distribution of funds? . . . . . . . . . . . . . . . . . . . . . . . . .

.

A -. . . . . . . . . . . . . . . . . . . . . .b Do you provide credit counseling, debt management, credit repair, or debt negotiation services'? . . . . . . . . . . . . . . . .

.

.4b - X

I11YI Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions .)

The or anization 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 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 in conjunction with a hospital . Section 170(b)(1)(A)(iii) . Enter the hospital's name, city,

and state . ___________10 LII 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 .)i i a LII 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 .)11 b A community trust . Section 170(b)(1)(A)(vi) . (Also complete the Support Schedule in Part IV-A .)12 X An organization that normally receives : (1) more than 33 1/3% 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 1/3% ofits support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquiredby the organization after June 30, 1975 . See section 509(a)(2), (Also complete the Support Schedule in Part IV-A .)

13 LIII An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizationsdescribed 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) . Checkthe box that describes the type of supporting organization : Type I ri Type 2 [1 Type 3

Provide the following information about the supported organizations . (See page 6 of the instructions .)____________________

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

14 ri An organization organized and operated to test for public safety . Section 509(a)(4) . (See page 6 of the instructions .)Schedule A (Form 990 or 990.EZ) 2005

JSA

5E1220 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 13

Schedule A (Form 990 or 990-EZ) 2005 13-3062419 Page 3IT1V&I Support Schedule (Complete only if you checked a box on line 10, 11, or 12 .) Use cash method of accounting.PJnf Yru, may ijp thc' i rkht it, the in'tn,rtinne fnr i-r,nye,linr, frnrn th accnial to the cash method of accountina .

Calendar year (or fiscal year beginning in) (a) 2004 - (b) 2003 (c) 2002 (d) 2001 (e) Total15 Gifts, grants, and contributions received. (Do

notincludeunusualgrants .Seeline28 .) 12,873,689 . 17,022,535 . 6,199,560 . 9,146,126 . 45,241,910 .16 Membershipfeesreceived 87,897 . NONE 34,235 . 42,976, 165,108 .17 Gross receipts from admissions, merchandise

sold or services performed, or furnishing offacilities in any activity that is related to theorganizationscharitable,etc .,purpose 7,263,108 . 5,474,006 . 4,935,793 . 4,890,881 . 22, 563, 788 .

18 Gross income from interest, dividends,amounts received from payments on securitiesloans (section 512(a)(5)), rents, royalties, andunrelated 'business taxable income (lesssection 511 taxes) from businesses acquiredbytheorganizationafterJune3O,1975 829,333 . 692,709 . 114,208 . 597,387 2,233,637 .

19 Net income from unrelated businessactivitiesnotincludedinlinel8 350,813 . 79,633 . , 55,860 . 217,997 . 704,303 .

20 Tax revenues levied for the organization'sbenefit and either paid to it or expended onits behalf ____________________ ________________ ________________ _________________

21 The value of services or facilities furnished to________________ ________________

the organization by a governmental unitwithout charge. Do not include the value of

_

services or facilities generally furnished to thepublicwithoutcharge ______________ 372,000 . 372,000 . 310,000 . 273,000 . 1,327,000 .

22 Other income. Attach a schedule . Do not STMT 66includegainor(loss)fromsaleofcapitalassets

_

16,599 . 97,714 . 80,115 . 24,290 . 218,718 .23 Totaloflinesl5through22 ___________ 21,793,439 . 23,738,597 . 11,729,771 . 15,192,657 . 72,454,464 .24 Line23minuslinel7 . . . . . . . . . . . . . . .

_14,530,331 . 18,264,591 . 6,793,978 . 10,301,776 .

25 Enterl%ofline23 ________________._217,934 . 237,386 . 117,298 . 151,927 . __________

26 Organizations described on lines 10 or 11: a Enter 2% of amount in column (e), line 24 I1QT. 1Ct13I., . . .b Prepare a list for your records to show the name of and amount contributed by each person (other than agovernmental unit or publicly supported organization) whose total gifts for 2001 through 2004 exceeded theamount shown in line 26a . Do not file this list with your return, Enter the total of all these excess amounts 26b _________________

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 __________________

. . . . . . . . . . . .26b22 26d ________________________________

e Public support (line 26c minus line 26d total) . . . . . . . . . . . . . . . . . . . 26e _________________. . . . .f Public support percentage (line 26e (numerator) divided by line 26c (denominator)) ___________________ ________________

27 Organizations described on line 12 : a For amounts included in lines ib, 16, and 1 / tnat were received irom a oIsquauITIeoperson," 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 :

(2004) 3,323,i97 . (2003) -18_129 . (2002) - (2001) -b For 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 computingthe difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excessamounts) for each year :(2004) (2003) (2002) (2001)

c Add: Amounts from column (e)for lines: 15 45,241,910 . 16 165,108 .17 22,563,788 .20 ______________ 21 1,327,000 . . . . . . . . . . . . . 27c 69,297,806 .

d Add: Line 27a total . . . 9,200, 367 . and line 27b total . . _________________ . . . . . . . . . 27d 9,200,367 .

e Public support (line 27c total minus line 27d total) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _PJQ97,_439 .f Total support for section 509(a)(2) test : Enter amount from line 23, column (e) . . . . . . . . . . "I_27f I_72, 454, 464 .

g Public support percentage (line 27e (numerator) divided by line 27f (denominator)) . . . . . . . . . . . . . . . . . . 82 . 9451 %

h Investment income percentage (line 18, column (e) (numerator) divided by line 27f (denominator)) ____________ _ iJi 3 . 082828 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2001 through 2004,

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 briefdescription of the nature of the grant . Do not file this list with your return . Do not include these grants in line 15 .

Schedule A (Form 990 or 990 .EZ) 2005JSA§E12 21 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 14

Schedule A (Form 990 or 990-EZ) 2005 13-3062419 Page 4I1Ti LVI Private School Questionnaire (See page 7 of the instructions.) NOT APPLICABLE

(To be completed ONLY by schools that checked the box on line 6 in Part IV) - -29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, - Yes No

other governing instrument, or in a resolution of its governing body? .30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its

brochures, catalogues, and other written communications with the public dealing with student admissions,programs, and scholarships? .-

31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media duringthe period of solicitation for students, or during the registration period if it has no solicitation program, in a waythat makes the policy known to all parts of the general community it serves?If "Yes," please describe ; if "No," please explain. (If you need more space, attach a separate statement .)

32 Does the organizati'Dn maintain the following :a Records indicating the racial composition of the student body, faculty, and administrative staff? .- *b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatorybasis? 32b

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

d Copies of all material used by the organization or on its behalf to solicit contributions?

.

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? . .-

b Admissions policies? 33b

c Employment of faculty or administrative staff? 33c.

d Scholarships or other financial assistance? 3

e Educational policies? 3

f Use of facilities?

g Athletic programs? 3

h Other extracurricular activities? 3

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

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

34bb Has the organization's right to such aid ever been revoked or suspended?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 .01 through 4 .05of Rev. Proc . 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," attach an explanation 35 - -

Schedule A (Form 990 or 990-EZ) 2005JSA5E1230 1000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 15

Schedule A Form 990 or 990-EZ) 2005 13-3062419 Page 5ITV.4 Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions .)

(To be completed ONLY by an eligible organization that filed Form 5768) NOT APPLICABLECheck a if the organization belongs to an affiliated group . Check . b if you checked "a" and 'limited control' provisions apply .

Limits on Lobbying Expenditures(a)

Affiliated group(b)

To be completedtotals for ALL electing

(The term 'expenditures" means amounts paid or incurred .) -__________________

organizations

36 Total lobbying expenditures to influence public opinion (grassroots lobbying) 3637 Total lobbying expenditures to influence a legislative body (direct lobbying)

_________________ __________________

•38 Total lobbying expenditures (add lines 36 and 37) 3839 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 41Over $1,500,000 but not over $1 7,000,000 . . $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) 4243 Subtract line 42 from line 36 . Enter -0- if line 42 is more than line 36

. ________________

__________________

________________

44 Subtract line 41 from line 38, Enter -0- if tine 41 is more than line 38.44

___________________

Caution : If there is an amount on either line 43 or line 44, you must file Form 47W. _____ __________

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 on page 11 of the instructions .)

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (or fiscal (a) (b) (c) (d) (e)year beginning in) 2005 2004 2003 2002 Total

Lobbying nontaxable45 amount

Lobbying ceiling amount46 (150% ofline45(e)) . .

47 Total lobbying expenditures _____________________ _____________________

__________________

Grassroots nontaxable_____________________ _____________________ -

48 amountGrassroots ceiling amount

49 (150% of line 48(e)) . . ________

Grassroots lobbying_______ _______ ______________________

50 expenditures ___________________ ___________________ ___________________ ___________________ ____________________

Lobbying Activity by Nonelecting Public Charities(For reporting only by organizations that did not complete Part Vl-A) (See page 11 of the instructions .)

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

a Volunteers xb Paid staff or management (Include compensation in expenses reported on lines c through h .) . . .c Media advertisements x __________________

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 .X - 56, 945 .h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means ___________________

i Total lobbying expenditures (Add lines c through h .) . . . . . . . . . . . . . . . . . . . . . . . . .______ 56, 945 .If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities, STMT 67

JSA Schedule A (Form 990 or 990-EZ) 2005581240 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 16

Schedule A (Form 990 or 990-EZ) 2005 13-3062419 Page 6IflLY1lI Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations (See page 12 of the instructions .) ____________________________________51I 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: Y±!

(i)Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iill__(ii) Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._!L(!ll_ - -

b Other transactions :(I) Sales or exchanges of assets with a noncharitable exempt organization ..(!L(ii) Purchases of assets from a noncharitable exempt organization . . . . . . . . . . .ii!!1_-(iii) Rental of facilities, equipment, or other assets . . . . . . . . . . . . . . . .-

(iv) Reimbursement arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .-

(v) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . .-

(vi) Performance of services or membership or fundraising solicitations -c Sharing of facilities equipment mailing lists other assets or paid employees -d If the answer,to any of the above is "Yes,' complete the following schedule . Column (b) should always show the fair market value of the

goods, other assets, or services given by the reporting organization . If the organization received less than fair market value in any

JSA5E1250 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 17

52a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizationsdescribed in section 501(c) of the Code (other than section 501(c)(3)) or in section 527? . . . . . . . . . . Eli Yes EjI No

Schedule A (Form 990 or 990-EZ) 2005

Schedule B Schedule of Contributors 0MB No. 1545-0047

(Form 990, 990-EZ, I Ior 990-PF) I I

Supplementary Information for i ©05Department of the Treasury line I of Form 990, 990-EZ, and 990-PF (see instructions) IInternal Revenue Service IName of organization I Employer identification number

INTREPID MUSEUM FOUNDATION, INC II 13-3062419

Organization type (check one) :

Filers of: Section:

Form 990 or 990-EZ Li 501(c)(O (enter number) organization

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

LII 527 political organization

Form 990-PF LII 501(c)(3) exempt private foundation

LII 4947(a)(1) nonexempt charitable trust treated as a private foundation

LII 501(c)(3) taxable private foundation

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

General Rule -

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

Special Rules -

LIII For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33 1/3% support test under Regulationssections 1 .509(a)-3/1 .170A-9(e) and received from any one contributor, during the year, a contribution of the greater of$5,000 or 2% of the amount on line 1 of these forms . (Complete Parts I and IL)

11111 For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor,during the year, aggregate contributions or bequests of more than $1 000 for use exclusively for religious, charitable,scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. (Complete Parts I, II, and Ill.)

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

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990,990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF) .

For Paperwork Reduction Act Notice, see the Instructions Schedule 8 (Form 990, 990-EZ, or 990-PF) (2005)for Form 990, Form 990-EZ, and Form 990-PF.

JSA5E1251 tOOt

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 18

Schedule B (Form 990, 990-El orName of orgamzation

of ofPartl

INTREPID MUSEUM FOUNDATION, INC Employer identification number

fl Contributors (See Specific Instructions .)

(a)No .

(b)Name, address, and ZIP + 4

(C)

Aggregate contributions(d)

Type of contribution

1 DEPT OF THE NAVY Person

2431 JEFFERSON DAVIS HIGHWAY 600,026 .PayrollNoncash

ARLINGTON, VA 22242(Complete Part II if there isa noncash contribution .)

(a)No.


(c)Aggregate contributions

(d)Type of contribution

2 DEPT OF THE ARMY PersonPayroll

DEFENSE CONTRACTING COMMAND - 5200 1,787,842 . Noncash

ARMY PENTAGON, WASH ., DC 20310(Complete Part Il if there isa noncash contribution .)

(a)No.



• (d)Type of contribution

3 NEW YORK STATE URBAN DEVELOPMENT CORP Person I3II633 THIRD AVENUE 1,466,262 .

PayrollNoncash

NEW YORK, NY 10017(Complete Part II if there isa noncash contribution .)

(a)No .




4 DEPARTMENT OF CULTURAL AFFAIRS Person

330 WEST 42ND STREET 2,658,298 .PayrollNoncash


(a)No .




5 ZACHARY & ELIZABETH FISHER CHARITABLE TR Person

299 PARK AVENUE 12,000,000 .PayrollNoncash


(a)No .




6 FISHER BROS FINAN & DEVELOP CO, LP Person

299 PARK AVENUE 500,000 .PayrollNoncash


JSASchedule B (Form 990, 990-EZ, or 990-PF) (2005)

§E1203 1000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 19

Schedule B (Form 990, 990-EZ, or

Name of organization

of ofPartt

INTREPID MUSEUM FOUNDATION, INC Employer identification number

. . Contributors (See Specific Instructions .)

(a)No .



(d)


7 MISCELLANEOUS - LESS THAN 2% OF TOTAL Person IiCONTRIBUTIONS INDIVIDUALLY 3,477,094 .

PayrollNoncash

(Complete Part liii there isa noncash contribution .)__________________________________________________________

(a)No .




8 MISCELLANEOUS - LESS THAN 2% OF TOTAL Person

CONTRIBUTIONS INDIVIDUALLY 68,000 .PayrollNoncash X

(Complete Part II if there isa noncash contribution .)_______________________________________________________

(a)No.




9 ARNOLD FISHER FOR FISHER BROS FIN & DEV Person

299 PARK AVENUE 871,601 .

Payroll

Noncash


(a)No .


(C)Aggregate contributions


______ Person_______________________________________________________

______________________

PayrollNoncash_____________________________________________________

(Complete Part II if there isa noncash contribution .)__________________________________________________________

(a)

No.

(b)

Name, address, and ZIP +4

(C)Aggregate contributions

(d)


Person______ _______________________________________________________

Payroll

Noncash_______________________________________________________ _______________________

(Complete Part II if there isa noncash contribution .)__________________________________________________________

(a)

No.(b)

Name, address, and ZIP + 4(c)

Aggregate contributions(d)


______ _______________________________________________________ Person

_______________________

PayrollNoncash_______________________________________________________(Complete Part II if there isa noncash contribution .)

JSA

5E1253 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1

Schedule B (Form 990, 990-hZ. or 9SOPF( (2000)

20

Schedule B (Form 990, 990EZ, or 990-PF) (2005) of of Part II

Name of organization INTREPID MUSEUM FOUNDATION, INC Employer identification number

I] Noncash Property (See Specific Instructions .)

(a) No,

from

Part I

(b)Description of noncash property given

(C)

FMV (or estimate)

(see instructions)

(d)

Date received

MEALS, ENTERTAINMENT & MISC . DONATED

8 IN CONJUNCTION WITH FLEET WEEK

_______________________________________ VAR

$ 68,000 .__________________________________________ _____________

(a) No .

fromPart I

(b)

Description of noncash property given

(c)

FMV (or estimate)

(see instructions)

(d)

Date received

$________ ___________________________

(a) No .from

Part I

(b)

Description of noncash property given

(C)

FMV (or estimate)

(see instructions)

(d)

Date received

$ ___________________________________________________________________________ _______________________

(a) No .

from

Part I


(C)

FMV (or estimate)

(see instructions)

(d)Date received

$_______________________ ___________________________________________________________________________

(a) No.

from

Part I


(c)

FMV (or estimate)

(see instructions)

(d)Date received

$ ___________________________________________________________________________ _______________________

(a) No.from

Part


(c)

FMV (or estimate)

(see instructions)

(d)Date received

$_____________________________________________________________ __________________

JSAE1254 1000

Schedule B (Form 990, 990-EZ, or 990-PF) (2005)

59839H 1608 01/16/2007 18 :18 :44 V05-8.i 518892-i 21

CONTROLLED GROUP OF CORPORATION

Corporation Filing Original Conènt and/or Elaction

11Qb J\Q1±1 Taxable Tear c,2O-

__________________________________________________________ Service Center Where Original Filed O1t U,The indersigtied consent to the following epportioninent effective for it's taxable year which includes December 31, 9oo5

Apportionment of $1,000,000of Taxable Income For

Corp . Taxable Signature of Authorized Estimated Tax PaymentsNo. Name & Address Tear Ended E.l. Number Of fiçer For Large Crporatiots

(1) ___ ______________ ___________________

(2) !iv (cP!h t_____ JF ________________ _____________________

(3) 4,r''ero J/p'q ________ (3-379c79r _________________ _______________________

(4)

(5)

Apportionment of FederalIncome Tax Erackets .

15% 25% 5% (Surcharge)

$50,000 $25,000 $11,750 (Tax)Mt .

No .

(1) ,Soou _________

(2) -

(3) -

('i) ___________ -

Apportionment of4 O7ob Section

179 Election toExpense Cost

_______'1too

(5 . __________ _________ _______________ ______________________

S

INTREPID MUSEUM FOUNDATIONAPPORTIONMENT OF FEDERAL INCOME TAX BRACKETS

FOR THE YEAR APRIL 30, 2006

CORP. TAXABLENO NAME OF ENTITY E. I. NUMBER INCOME

1 INTREPID MUSEUM FOUNDATION 13-3062419 238,297

2 IMF CONCESSIONS INC. 13-3485644 . 0

3 INTREPID HELIPORT CORP 13-3795795 0

TOTAL 238,297

ALLOCATION OF TAXINTREPID IMF

TAXABLE INCOME MUSEUM CONCESSIONSINCOME TAX FOUNDATION INC

FIRST $50,000 50,000 7.500 7,500 -

NEXT $25000 25,000 6.250 6.250 -

NEXT $9925000 163,297 55,521 55,521E,cess of income over100,000 X 5% oot to exceed 11,750 6,915 6,915 -

TOTAL 238,297 76,186 76,186 -

INTREPID MUSEUM FOUNDATION, INC

FORM 990, PART I - LIST OF CONTRIBUTORS

NAME AND ADDRESS

DEPT OF THE NAVY2431 JEFFERSON DAVIS HIGHWAYARLINGTON, VA 22242

DEPT OF THE ARMYDEFENSE CONTRACTING COMMAND - 5200ARMY PENTAGON, WASH ., DC 20310

NEW YORK STATE URBAN DEVELOPMENT CORP633 THIRD AVENUENEW YORK, NY 10017

DEPARTMENT OF CULTURAL AFFAIRS330 WEST 42ND STREETNEW YORK, NY 10036

DATE

VAR

VAR

VAR

VAR

ZACHARY & ELIZABETH FISHER CHARITABLE TR299 PARK AVENUE 11/18/2005NEW YORK, NY 10171

FISHER BROS FINAN & DEVELOP CO, LP299 PARK AVENUE 12/06/2005NEW YORK, NY 10171

MISCELLANEOUS - LESS THAN 2% OF TOTALCONTRIBUTIONS INDIVIDUALLY

13- 30 62 4 19

DIRECTPUBLIC GOVERNMENTSUPPORT GRANTS

600, 026 .

1, 787,842 .

1,466,262 .

2,658,298 .

12, 000, 000 .

500! 000 .

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 22 STATEMENT 1


FORM 990, PART I - LIST OF CONTRIBUTORS

NAME AND M)DRESS

MISCELLANEOUS - LESS THAN 2% OF TOTALCONTRIBUTIONS INDIVIDUALLY

ARNOLD FISHER FOR FISHER BROS FIN & DEV299 PARK AVENUENEW YORK, NY 10171

DATE

VAR

VAR

04/28/2006

TOTAL CONTRIBUTION AMOUNTS

13-3062419

DIRECTPUBL ICSUPPORT

3,477,094 .

68, 000 .

871,601 .

16, 916, 695 .

GOVERNMENTGRANTS

6,512,428 .

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 - 23 STATEMENT 2

INTREPID MUSEUM FOUNDATION, INC 13-3062419

FOPN 990, PART I - DIVIDENDS AND INTEREST FROM SECURITIES

DESCRIPTION AMOUNT

INTEREST INCOME 315,309.

TOTAL 315,309.

STATEMENT 3

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 24

1000RENT AND ROYALTY INCOME

Taxpayer's Name Identifying NumberINTREPID MUSEUM FOUNDATION, INC 13-3062419

DESCRIPTION OF PROPERTYRENTAL

Yes No Did you actively participate in the operation of the activity during the tax year? ____________________ ______________________

RENTAL INCOME ,,,•, 1,298,590OTHER INCOME

TOTAL GROSS INCOME 1, 298, 590 .OTHER EXPENSES :

DEPRECIATION (SHOWN BELOW) ________________

LESS : Beneficiary's Portion .__________________AMORTIZATION ________________ _______

LESS : Beneficiary's Portion .__________________ -_____DEPLETION _________________

LESS: Beneficiary's Portion __________________ __________________

TOTAL EXPENSES . . . . . . . . . . . ..959,543 .TOTAL RENT OR ROYALTY INCOME (LOSS) 339, 047 .Less Amount to

Rent or Royalty . . . . . . . ____________________

Depreciation _____________________

Depletion . . . ____________________

Investment Interest Expense ____________________

Other Expenses ____________________

Net Income (Loss) to OthersNet Rent or Royalty Income (Loss) 339, 04 7Deductible Rental Loss (if Applicable)SCHEDULE FOR DEPRECIATION CLAIMED

-(a) Description of property

(b) Cost orunadjusted basis

(c) Dateacquired

(d)ARSd

(e)Bus%

(f) Basis fordepreciation

(g) Depreciation

prior years

(h)Method

(i) Lifeor

rate0) Depreciation

for this year

JSA Totals

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 25


SUPPLEMENT TO RENT AND ROYALTY SCHEDULE

OTHER DEDUCTIONS

959,543-

959,543 .

STATEMENT 5

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 26


RENT AND ROYALTY SUMMARY

13-3062419

ALLOWABLETOTAL DEPLETION! OTHER NET

PROPERTY INCOME DEPRECIATION EXPENSES INCOME

RENTAL 1,298,590 . 959,543 . 339,047 .

TOTALS 1,298,590 . 959,543 . 339,047 .

STATEMENT 6

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 27


FOBN 990, PART I - EXCLUDED CONTRIBUTIONS

DESCRIPTION

FUNDRAI SING DINNERS

TOTAL

13-3062419

AMOUNT

2,736,436 .

2,736,436 .

STATEMENT 7

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 28


FORM 990, PART I - SPECIAL FUNDRAISING EVENTS AND ACTIVITIES

DESCRIPTIONGROSS

REVENUEDIRECT

EXPENSES

FUNDR1I SING DINNERS

TOTALS

157,000 .

157, 000 .

157, 000 .

157, 000 .

5983911 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 29 STATEMENT 8


FORM 990, PART I - OTHER INCREASES IN FUND BALP.NCES

DESCRIPTION

UNREALIZED GAIN ON MARKETABLE SECURITIESDEPRECIATION BOOK TO TAX ADJUSTMENTSOTHER

T OTAL

13-3062419

AMOUNT

46, 745,.156, 478 .

286 .

203, 509 .

STATEMENT 9

5983911 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 30


FORM 990, PART I - OTHER DECREASES IN FUND BALANCES

DES CR1 PT I ON

FEDERAL TAXES

TOTAL

AMOUNT

13-3062419

90, 138 .

90,138 .

STATEMENT 10

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 31


Description of PropertyGENERAL DEPRECIATIONDEPRECIATION

______ ______ ___________

-

Asset description

Dateplaced inservice

UnadjustedCost

or basis

____

Bus,%

______

179 exp .reductionin basis

______

BasisReduction

________

Basis fordepreciation

_______

BeginningAccumulateddepreciation

_______

EndingAccumulateddepreciation

Me-jj1 Cony

-

Life

-

ACRclass

MACRSclass

_______

Current-year1 79

expenseCurrent-yeardepreciation

LEASEHOLD IMPROV 01/01/1983 4,514,977 . 100.000 4,514,977 . 3,157,039 . 3,298,132 .,Sb 2 .000 - - ___________ 141,093 .

LEASEHOLD IMPROV 01/01/1983 33,775 . 100.000_________ _________

33,775 . 23,432 . 24,522 . SL 1 .000 1,090 .LEASEHOLD IMPROV 01/01/1984 4,200 . 100.000

_________ _________

4,200 . 2,827 . 2,972 . Sb-

9 .000- ___________

145 .LEASEHOLD IMPROV 01/01/1986 10,850 . 100 .000

________ _________

10,850 . 7,118 . 7,506 . Sb 8 .000-

- -

__________

___________ 388 .LEASEHOLD IMPROV 01/01/1987 16,300 . 100.000

_________ _________

16,300 . 10,570 . 11,174 . SL 7 .000 - ___________ 604 .LEASEHOLD IMPROV 01/01/1986 553,098 . 100.000

_________ _________

553,098 . 346,646 . 367,919 . Sb 6 .000- - ___________ 21,273 .

LEASEHOLD IMPROV 01/01/1989 813,847 . 100 .000_________ _________

813,847 . 504,587 . 537,141 . Sb - 5 .000- __________ 32,554 .

SHIP RENOVATIONS 01/01/1989 7[467,131 . 100 .000________ ________

7,467,131 . 6,789,800 . 7,088,485 . Sb - 5,000- - __________ 298,685 .

SHIP RENOVATIONS 07/01/1983 817 . 100.000________ _________

817 . 643 . 676 . Sb 5 .000* - ___________ 33 .

EXHIBIT-BLACK BIRD 09/30/1990 284,416 . 100.000_________ _________

284,416 . 284,416 . 284,416 . Sb 5 .000- -EQUIPMENT 09/30/1990 8,745 . 100 .000

_________ _________

8,745 . 8,745 . 8,745 . Sb-

5 .000 ___________ ________________

EQUIPMENT 09/30/1990 44,003 . 100.000_________ _________

44,003 . 44,003 . 44,003 . Sb-

- 5 .000 - ___________ ________________

COMPUTERS & ACCESS 09/30/1990 12,899 . 100.000_________ _________

12,899 . 12,899 . 12,899 . Sb - 5 .000 - ___________ ________________

EXHIBITS 09/30/1990 15,556 . 100 .000_________ _________

15,556 . 15,556 . Sb 5 .000- - ___________ ________________

LEASEHOLD IMPROV 07/01/1989 34,525 . 100 .000_________ _________

34,525 . 21,585 . 23,024 . Sb 4 .OoO * ___________ 1,439 .LEASEHOLD IMPROV 07/01/1985 44,914 . 100.000

_________ _________

44,914 . 27,129 . 29,000 . Sb 4 .000 - __________ 1,871,SHIP RENOVATIONS 09/30/1990 229,951 . 100.000

________ _________

229,951 . 186,341 . 195,539 . Sb 5 .000- __________ 9,198 .SHIP RENOVATIONS 09/30/1990 11,000 . 100.000

________ _________

11,000 . 7,680, 8,120 . Sb-

5 .000- ___________ 440 .SHIP RENOVATIONS 07/01/1987 1L048,911 . 100 .000

________ _________

1,048,911 . 655,193 . 697,149, Sb-

5 .000 ___________

Less: Retired Assets_________ _________

___________

Subtotals__________ _________ _________ _____________

_______________________ __________ _______________________ ________ ________ ___________ __________ __________

Listed Property _________ _____________________ ________ _____ _______ ________ __________ _________ _________

Less: Retired AssetsSubtotals

___________ _____________ __________________

TOTALS . . . . . . . . . . . . . . . . . ._________

.________ _________ ____________ __________- __________ _________ _______________

________ _____ _______ ________ __________ _________ _________ __________ _______________ _____________

AMORTIZATION ______

sset description


______

Costor

basis

____ ______________ ______

Accumulatedamortization

_______

EndingAccumulatedamortization ode ife

______ __________

Current-yearamortization

TOTALS . . . . . . . . . . . . . . . . . . I - ----- ________

rbbeLb netii CuJSA5X9024 1,000

59839H 1608 01/16/2007 18 :18:44 V05-8,1 518892-1 ' 32 STATEMENT 11



______ _______

sset description


UnadjustedCost

or basis

____

Bus,°k

______


______

BasisReduction

_________

.Basis for

depreciation

_______


_______


Me-jj1j on ife

ACR:class

MACRclass

_______Current-year

179expense

___________

Current-yeardepreciation

SHIP RENOVATIONS 07/01/1988 200,278 . 100 .000 200,278 . 124,171 . 132,182 . Sb 5 .000 * ___________ 8,011 .SHIP RENVOVATIONS 07/01/1988 103,400 . 100 .000

_________ _________

103,400 . 103,400 . 103,400 . Sb-

0 .000-

________________

SHIP RENOVATIONS 01/01/1987 165,898 . 100 .000________ _________

165,898 . 116,130 . 122,766 . SL 5.000-

-

- __________

__________ 6,636 .


82,389 . 60,975 . 64,271, Sb-

5 .000 * - ___________ 3,296 .SHIP RENOVATIONS 01/01/1987 2,000,000 . 100 .000

_________ _________

2,000,000 . 1,480,000 . QL9oo . Sb 5 .000 - - ___________ 80,000 .LEASEHOLD IMPROV 01/01/1987 193,540 . 100 .000

_________ _________

193,540 . 135,322 . Jfl Sb-

- 2.000 * - ___________ 6,048 .

FURNITURE & FIXTUR 07/01/1987 9,379 . 100 .000_________ _________

9,379 . 9,379 ._

9,379 . Sb - 5.000 - - ___________ ________________


57,286 . 57,286 . 57,286 . Sb 5.000 - - ___________ ________________


21,043 . 21,013 . 21,043 . SI. - 5.000 - * ___________ ________________


37,010 . 37,010 . 37,010 . Sb - 5 .000 - - __________ _______________

EQUIPMENT 01/01/1987 47,916 . 100 .000________ ________

47,916 . 47,916 . 47,916 . Sb 5 .000 - - ___________ ________________

EQUIPMENT 01/01/1988 166,305 . 100 .000_________ _________

166,305 . 166,305 . 166,305 . Sb - 5.000 - - ___________

EQUIPMENT 01/01/1990 79,686 . 100 .000_________ _________

79,686 . 79,686 . 79,686 . Sb - 5.000 - ___________ ________________

EXHIBITS 01/01/1987 45,842 . 100 .000_________ _________

45,842 . 45,842 . 45,842 . Sb - 5 .000 - ___________ ________________

EXHIBITS 01/01/1988 2,000 . 100 .000_________ _________

2,000 .-

2,000 . 2,000 . Sb 5.000 -EXHIBITS 01/01/1989 252,530 . 100 .000

_________ _________

252,530 . 252,530 . 252,530 . Sb-

5.000 -EXHIBITS 01/01/1990 125,987 . 100 .000

_________ __________

125,987 . 125,987 . 125,987 . Sb-

- 5 .000 - - ___________ ________________

COMPUTERS & ACCESS 01/01/1989 19,385 . 100 .000_________ _________

19,385 . 19,384 . 19,384 . Sb 5 .000 - - ___________ ________________


16,145 . 16,146 . Sb-

5 .000 _________

Less: Retired Assets _____________________ _________ -

Subtotals _____________________________

_________ _________ _____________ ___________

______ __________ _________________________ _________ _________ ____________ __________ __________

Listed Property ____________________ ________ _____ _______ ________ __________ _________ _________ _________

Less: Retired Assets ____________ _______________

Subtotals ____________________________ ____________

TOTALS . . . . . . . . . . . . . . . . . .__________. _____

________ _________ ____________ __________ __________ ___________ _______________

________ _______ ________ __________ _________ _________ ________________________________ _____________

AMORTIZATION

sset description

_____


______

Costor

basis

___________ ____ ______ ______


_______

. EndingA.ccumulatedamortization

-

Co!

___

______

Life

_ ________________

__________________________-

__________


TOTALS . . . . . . . . . . . . . . . . . . .____ ___ ____________ _____ ___ ___ _______

ssets tetireaJSA5X9024 1ooo

59839H 1608 01/16/2007 18 :18:44 VO5-8.1 518892-1 33 STATEMENT 12

INTREPID MUSEUM FOUNDATION, INC 13-30624192005Description of PropertyGENERAL DEPRECIATIONDEPRECIATION

sset description

______


_______

UnadjustedCost

or basis

____

Bus.%

______


______

BasisReduction

_________


_______


_______


-

Me-jj

-

Conv ife

-

ACR :class

MACRSclass

_______

Current-year179

expense

___________


SHIP RENOVATIONS 09/30/1990 5,700 . 100 .000 5,700 . 5,700 . 5,700 . Sb 0.000 - - ___________ ________________

SHIP RENOVATIONS 09/30/1990 133,927 . 100 .000_________ _________

133,927 . 77,737 . 83,094 . Sb 5 .000 5,357 .FURNITURE & FIXTUR 09/30/1990 43,354 . 100 .000

________ _________

43,354 . 43,354 . 43,354, Sb-

5 .000- -

*

__________

___________ ________________

EQUIPMENT 12/01/1991 29,345 . 100 .000_________ _________

29,345 . 29,345 . 29,345 . Sb-

- 5 .000-

* - ___________


2,632 . 2;632 . 2,632 . Sb - 5 .000 * - ___________ ________________


9,891 . 5,346 . 5,742 . Sb - 5 .000 - ___________ 396 .

FURNITURE & FIXTIJR 05/01/1991 3,377 . 100 .000_________ _________

3,377 . 3,377 . 3,377 . Sb - 5 .000 - - ___________ ________________

EXHIBITS 04/01/1992 7,760 . 100.000_________ _________

7,760, 7,760 . 7,760 . Sb - 5.000 -LEASEHOLD IMPROV 08/01/1991 6,850 . 100 .000

_________ _________

6,850 . 4,023 . 4,321 . Sb - 3 .000 - - ___________ 298 .

EQUIPMENT 11/01/1992 175,000 . 100 .000_________ _________

175,000 . 175,000 . 175,000 . Sb - 0 .000 - - ___________ ________________

EQUIPMENT 11/01/1992 45,238 . 100 .000_________ _________

45,238 . 45,238 . 45,238 . Sb - 5 .000 - - ___________

COMPUTER & ACCESS 11/01/1992 12,380 . 100 .000_________ _________

12,380 . 12,380 . 12,380 . Sb 5 .000 - - ___________ ________________


17,771 . 8,887 . 9,598 . Sb-

5 .000 - - ___________ 711 .FURNITURE & FIXTUR 11/01/1992 21,563 . 100 .000

_________ _________

21,563 . 21,563 . 21,563 . Sb 5.000 - - ___________ ________________

EXHIBITS 11/01/1992 2,090,116 . 100 .000_________ _________

2,090,116 . 2,090,116 . 2,090,116 . Sb 0.000 - - __________ ________________

FURNITURE & FIXTUR 11/30/1992 63,197 . 100 .000________ _________

63,197 . 63,197 . 63,197 . Sb - 5 .000 * - ___________ ________________

EQUIPMENT 11/01/1993 120,625 . 100 .000_________ _________

120,625 . 116,6O7 . 116,607 . Sb - 0.000 ___________ ________________

EQUIPMENT 11/01/1993 68,026 . 100 .000_________ _________

68,026 . 68,026 . 68,026 . Sb - 5 .000 -COMPUTERS & ACCES 11/01/1993 25,221 . 100 .000

_________ _________

25,221 . 25,221 . 25,221 . Sb 5 .000 ________


__________ _____________ ___________ _______ ________ _______

Subtotals__________

J J _________i ______________________________ ________ _________ ____________ __________ __________

Listed Property * ________ ____________________ ________ _____ _______ _______ __________ ________ ________ - -

Less: Retired Assets ______

Subtotals__________ ______ ____________

TOTALS . . . . . . . . . . . . . . . . . .__________

.__________ __________ _____________ ___________ ___________ ____________ _________________

_______ _______ _______ _________ ________ ________ _____________________________ ____________

AMORTIZATION______ ______

-

sset description


_______________

Costor

basis

_______


_______

EndingAccumulatedamortization ode

____

Life

_______________ __________


TOTALS . . . . . . . . . . . . . . . . . ..________ ______ ______ ________ _________

ssets eureaJ$A5X9024 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 - . 34 STATEMENT 13


Description of PropertyGENERAL DEPRECIATIONDEPRECIATION -

Asset description


UnadjustedCost

or basisBus .%


BasisReduction




-

Mo-Lthc' onv. Life

ACREclass

MACRSclass

Current-year179


SHIP RENOVATIONS 11/01/1993 14,019 . 100 .000 14,019 . L4i2L 7,010 . Sb * 5 .000 - - ___________ 561 .


_________ 22,497 ._

_JJj. 22,497 . Sb - 5 .000 - - __________ _______________

EXHIBITS 11/01/1993 99,524 . 100 .000________

99,524 . 99,523 . 99,523 . Sb 5.000 - ___________ ________________

EQUIPMENT 11/01/1994 27,967 . 100 .000_________ _________

27,967 . 27,966 . 27,966 . Sb * 5.000 -COMPUTERS & ACCESS 11/01/1994 20,157 . 100 .000

________ _________

20,157 . 20,156 . 20,156 . Sb * 5.000 - - __________ _______________


61,447 . 25,808 . 28,266 . Sb O0 - __________ 2,458 .


22,583 . 22,588 . 22,588 Sb 5.000 * -LEASEHOLD IMPROVEM 11/01/1994 77,596 . 100 .000

_________ __________

77,596, 20,894 . 22,884 . Sb - 9 .000 - * __________ 1990 .

EQUiPMENT 05/01/1995 116,200 . 100 .000_________ _________

_________ 116,200 . 116,200 . 116,200 . Sb - 5,000 * * __________ ________________

HARDWARE 05/01/1995 34,008 . 100 .000_________

34,008 . 34,008 . 34,008 . Sb - 5 .000 -

SOFTWARE 05/01/1995 1,996 . 100 .000_________ _________

1,996 . 1,996 . 1,996 . Sb - 3.000 - - __________ -


_________ 41,155 . 15,643 . 17,289 . SL - 5 .000 - - __________1,646 .

FURNITURE & FIXTUR 05/01/1995 29,394 . 100 .000_________

29,394 . 29,394 . 29,394 . Sb - 5.000 - *

EXHIBITS 05/01/1995 61,250 . 100 .000_________ _________

61,250 . 61,250 . 61,250 . SL - 5 .000 -

LEASEHOLD IMPROV . 05/01/1995 37,131 . 100 .000_________ _________

37,131 . 9,044 . 9,996 . Sb - 9 .000 - __________ 952 .

EXHIBITS 11/01/1994 144,743 . 100 .000_________ _________

144,743 . 144,743 . 144,743 . SL 5.000 - -LEASEHOLD IMPROV . 04/30/1996 37,415 . 100 .000

_________ _________

37,415 . 6,561 . 7,520 . SL - 9 .000 - - __________ 959 .

LEASEHOLD IMPROVEM 03/30/1997 -1,949 . 100 .000_________ _________

-1,949 . -1,949 . Sb MM 9.000 - 39 __________ ________________

EQUIPMENT 04/30/1997 54,223 . 100 .000_________ _________ _____________

54,223 . 54,223 . St 5.000 _________________ ________

Less: Retired Assets __________ _________ __________ _____________ ___________ _________ ________

Subtotals __________ _________ _________ _____________ ___________ ___________ ___________ _________________

Listed Property _________ ____________________ ________ _____ _______ ________ __________ _________ _________

Less: Retired Assets ________ ____________ _______________

Subtotals__________ _________ __________ _____________ ___________

__________ _______________

TOTALS_________ ________ _________ ____________ __________ __________

_____________________

AMORTIZATION ______

______ ________ ________ ___________ _________ _________ ____________________________

_________________ __________

- __________________________ _______________

Asset description


______

Costor

basis

_________________ ________ ______


_______

. EndingAccumulatedamortization

-

Co

____

______

Life- Current-year

amortization

TOTALS - -

Pssets Retired

CP1tPWMIMP 1A

INTREPID MUSEUM FOUNDATION, INC 13-30624192005Description of PropertyGENERAb DEPRECIATIONDEPRECIATION __________

Asset description

______


______Unadjusted

Costor basis

____

Bus,%

______

179 exp.reductionin basis

______

BasisReduction

________


_______


_______


-

Me-flj Cony Life

ACRI'class

MACRSclass

_______

Current-year179


EQUIPMENT 04/30/1997 7,336 . 100 .000 7,336 . 7,336 . 7,336 . Sb - 5 .000 __________ ________________

SOFTWARE 04/30/1997 11,396 . 100 .000_________ _________

11,396 . 11,396 . 11,396 . Sb 3 .000 - - __________ ________________

COMPUTER EQUPT 04/30/1997 12,140 . 100 .000_________ _________

12,140 . 12,140 . 12, 140 . Sb - 5 .000 -HARDWARE 04/30/1997 17,897 . 100 .000

_________ _________

17,897, 17,897 . 17,897 . Sb - 5 .000 - - __________ ________________

SOFTWARE 04/30/1997 152 . 100 .000_________ _________

152 . 152 . 152 . Sb QQQ - - __________ _______________

FURNITURE & FIXTUR 04/30/1997 20,880 . 100 .000________ _________

20,880 . 20,880 . 20,880 . Sb - 5 .000 - - __________ ________________

EXHIBITS 04/30/1997 18,660 . 100 .000_________ _________

18,660 . 18,660 . 18,660 . Sb 5 .000 - __________ ________________


72,752 . 21,824 . 24,734 . Si. 5 .000 - __________ 2,910 .

LEASEHOLDIMPROVEME 01/01/1998 274,083 . 100 .000_________ _________

274,083 . 52,703 . 59,730 . Sb-

MM 9.000 39 __________ 7,027 .


105,000 . 101,500 . 101,500 . Sb - 5 .000 -EQUIPMENT 01/01/1998 56,377 . 100 .000

_________ _________

56,377 . 54,495 . 54,495 . Sb 5 .000 - __________ ________________

SOFTWARE 01/01/1998 17,820 . 100 .000_________ _________

17,820 . 17,820 . 17,820 . Sb 3 .000 - __________

COMPUTER HARDWARE 01/01/1998 25,854 . 100 .000_________ _________

25,854 . 25,854 . 25,854 . Sb 5 .000 -FURNITURE & FIXTUR 01/01/1998 1,398 . 100 .000

_________ _________

1,398 . 1,398 . 1,398 . Sb-

- 5 .000 - __________ ________________

EXHIBITS 01/01/1998 30,928 . 100 .000_________ _________

30,928 . 30,928 . 30,928 . Sb 5 .000 - __________ _______________

FURNITURE & FIXTUR 04/01/1994 8,403 . 100.000________ _________

8,403 . 8,403 . 8,403 . Sb 5 .000 - __________ ________________

EQUIPMENT 01/01/1999 141,272 . 100 .000_________ _________

141,272 . 136,561 . 136,561 . Sb-

5 .000 __________ ________________

COMPUTER HARDWARE 01/01/1999 16,004 . 100 .000_________ _________

16,004 . 15,471 . ' 15,471 . Sb - 5 .000 - - __________ ________________

COMPUTER SOFTWARE 01/01/1999 1,230 . 100 .000_________ _________

1,230 . 1,230 . 1,230 . Sb 3 .000 ________ ______

Less: Retired Assets_________ _________ -

________ _______

Subtotals___________ __________ ___________ ______________ ____________

_________________ _____ __________ _________________________ ________ _________ ____________ __________ __________

Listed Property ________ ____________________ ________ _____ _______ ________ __________ _________ ________

Less: Retired Assets _________ ________________

Subtotals__________ _________ __________ _____________ ___________ ___________

________ ________________

TOTALS . . . . . . . . . . . . . . . . . .__________

._________ _________ _____________ ___________ __________

________ _____ _______ _______ __________ ________ ________ ______________________________ _____________

AMORTIZATION ______

sset description


______

Costor

basis

_____ ____________________ ______


_______

. EndingAccumulatedamortization

-

Co

____

______

Life

________________

__________________________.

__________

________________Current-yearamortization

TOTALS . . . . . . . . . . . . . . . . . . ._______ _______ _______________ _______ ________

-

*Assets RetiredJSA5X9024 1000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 36 STATEMENT 15



______ _______

sset description


UnadjustedCost

or basis

____

Bus,%

______


______

BasisReduction

_________


_______


_______


-

Me-jjj

-

Cony-

Life

___

ACRclass

___

MACRclass

_______

Current-year179

expense

___________


SHIP RENOVATIONS 01/01/1999 1,515,108 . 100.000 1,515,108 . 393,498 . 454,102 . Sb 5 .000 -* ___________ 60,604 .FURNITURE & FIXTUR 01/01/1999 11,229 . 100.000

_________ _________

11,229 . 10,856 . 10,856 . Sb-

5 .000EXHIBITS 01/01/1999 37,602 . 1 .00 .000

_________ _________

37,602 . 36,347 . 36,347 . Sb*

5 .000- ___________ ________________

LEASEHOLD IMPROVEM 01/01/1999 8,148 . 100 .000_________ _________

8,148 . 1,538 . 1,747, Sb-

9 .000-

*

*

*

___________

___________ 209 .EQUIPMENT 04/30/1997 19,568 . 100 .000

_________ _________

19,568 . 19,568 . 19,568 . Sb-

5 .000 -*EQUIPMENT 01/01/2000 110,702 . 100 .000

_________ _________

110,702 . 110,702 . 110,702 . Sb-

5 .000COMPUTER HARDWARE 01/01/2000 32,546 . 100 .000

_________ _________

32,546 . 32,546 . 32,546 . Sb-

5 .000-

-

*

- ___________

SHIP RENOVATIONS 01/01/2000 4,114,733 . 100 .000_________ _________

4,114,733 . 905,240 . 1,069,829 . Sb 5.000 -- ___________ 164,589 .FURNITURE & FIXTUR 01/01/2000 2,713 . 100 .000

_________ _________

2,713 . 2,713 . 2,713, SL-

5 .000 --EXHIBITS 01/01/2000 261,874 . 100 .000

_________ _________

261,874 . 261,874 . 261,874 . Sb-

- 5 .000 - ___________

EQUIPMENT 11/01/2000 1,500 . 100 .000_________ _________

1,500 . 1,350 . 1,500 . Sb 5 .000 . - 150 .EQUIPMENT 11/01/2000 11,766 . 100 .000

_________ _________

11,766 . 10,589 . 11,766 . Sb-

5.000 -_

- ___________ 1,177 .EQUIPMENT 11/01/2000 8,367 . 100 .000

_________ _________

8,367 . 7,529 . 8,367 . Sb-

- 5.000- ___________ 838 .EQUIPMENT 11/01/2000 4,615 . 100 .000

________ _________

4,615 . 4,154 . 4,615 . Sb 5 .000-- ___________ 461 .EQUIPMENT 11/01/2000 4,280 . 100.000

_________ _________

4,280 . 3,852, 4,280 . Sb-

5 .000-- ___________ 428 .EQUIPMENT 11/01/2000 2,435 . 100 .000

_________ _________

2,435 . 2,192 . 2,435 . Sb-

5 .000 243 .EQUIPMENT 11/01/2000 3,454 . 100.000

_________ _________

3,454 . 3,109 . 3,454 . Sb-

5 .000-- ___________

__________ _______________

EQUIPMENT 11/01/2000 3,775 . 100.000________ _________

3,775 . 3,398 . 3,775 . Sb 5,000-

377 .EQUIPMENT 11/01/2000 5,229 . 100,000

_________ _________

5,229 . 4,707 . Sb-

5 .000-- ___________

Less: Retired Assets_________ _________ -

____________ ___________

Subtotals___________ __________ ___________ ______________ ____________ ______

_________ ______ ________ _________ ____________ __________ __________ ____________________ __________ _______________

Listed Property ________ ________ _____ _______ ________ __________ _________ _________ ________ _____________


TOTALS . . . . . . . . . . . . . . . . . ._________

._______

________

_______

_________ ____________ __________ __________ ___________ ________________

_______ _________

AMORTIZATION______ ______ ______________

-

sset description

Date,placed inservice

Costor

basis

_______


EndingAccumulatedamortization

-

CodeI

LifeCurrent-yearamortization

j.____ ___________ .___ ____ ____ . _______

JSA5X9024 1 .000

59839H 1608 01/16/2007 181844 V05-8,1 518892-1 STATEMENT 16

INTREPID MUSEUM FOUNDATION, INC 13-30624192005Description of PropertyGENERAL DEPRECIATIONDEPRECIATION ______ __________

-

Asset description

______


______

UnadjustedCost

or basis

____

Bus,%

______


______

BasisReduction

________


_______


______


-

Me-t1i

-

Cony. LifeACRE'class

MACRSclass

Current-year1 79


EQUIPMENT 11/01/2000 10,656 . 100.000 10,656 . 9,590 . 10,656, Sb - 5 .000 - __________ 1,066 .EQUIPMENT 11/01/2000 2,995 . 100.000

_________ _________

2,995 . 2,696 . 2,995 . Sb 5 .000 - - __________ 299 .

EQUIPMENT 11/01/2000 19,997 . 100.000_________ _________

19,997 . 17,996 . 19,997 . EL 5 .000 - __________ 2,001 .

EQUIPMENT 11/01/2000 8,982 . 100.000_________ _________

8,982 . 8,082 . 8,982 . SL - 5 .000 - - __________ 900 .

EQUIPMENT 11/01/2000 8,839 . 100.000_________ _________

8,839 . 7,956 . 8,839, EL - 5 .000 - - __________ 883 .

EQUIPMENT 11/01/2000 4,931 . 100.000_________ _________

4,931 . 4,437 . 4,931, EL - 5 .000 - - __________ 494 .

EQUIPMENT 11/01/2000 5,883 . 100.000_________ _________

5,883 . 5,296 . 5,883 . Sb 5 .000 - - __________ 587 .

EQUIPMENT 11/01/2000 4,183 . 1 .00 .000_________ _________

4,183 . 3,766 . 4,183 . EL - 5 .000 - - __________ 417 .

EQUIPMENT 11/01/2000 1,701 . 100.000_________ _________

1,701 . 1,530 . 1,701 . EL - 5 .000 - - __________ 171 .

EQUIPMENT 11/01/2000 5,005 . 100.000_________ _________

5,005 . 4,505 . 5,005 . SL - 5 .000 - - __________ 500 .

EQUIPMENT 11/01/2000 1,400 . 100.000_________ _________

1,400 . 1,260 . 1,400 . Sb - 5 .000 - __________ 140 .

EQUIPMENT 11/01/2000 2,920 . 100.000_________ _________

2,920 . 2,628 . 2,920 . EL - 5 .000 - - __________ 292 .

EQUIPMENT 11/01/2000 4,280 . 100.000_________ _________

4,280 . 3,852 . 4,280 . EL - 5 .000 - - ___________ 428 .

EQUIPMENT 11/01/2000 4,809 . 100.000_________ _________

4,809 . 4,329 . 4,809 . EL 5 .000 - - ___________ 480 .

EQUIPMENT 11/01/2000 1,532 . 100.000_________ _________

1,532 . 1,377 . 1,532 . EL 5 .000 - - ___________ 155 .

EQUIPMENT 11/01/2000 1,860 . 100.000_________ _________

1,868 . 1,683 . 1,868 . EL-

- 5 .000 - - ___________ 185 .

EQUIPMENT 11/01/2000 3,883 . 100 .000_________ _________

3,883 . 3,496 . 3,883 . EL - 5 .000 - - ___________ 387 .

EQIJIPMENT 11/01/2000 976 . 100 .000_________ _________

976 . 878 . - 976 . EL - 5 .000 - - ___________ 98 .

EQUIPMENT 11/01/2000 3,274 . 100 .000_________ _________

3,274 . 2,947 . 3274 . ST . 5 .000 ___________ 327 .


_____________ _______ ___________ _______________

Subtotals___________ _________ __________

____________________________ ___________ ____________________________ _______ _________ __________ _____________ ___________ ___________

Listed Property _________ ____________________ ________ _____ _______ ________ __________ _________ _________

Less: Retired Assets ____________ _________________

Subtotals__________ _________ __________ _____________ ___________ ___________

________________

TOTALS . . . . . . . . . . . . . . . . . .__________

._________ _________ _____________ ___________ ___________ ___________

_____________________ _____ _______ ________ __________ _________ _________ ________________________________


sset description


Costor

basis

__________________________ _______


_______

- EndingAccumulatedamortization

-

Code

____

______

Life

_________________

_________________________-

__________


TOTALS - -

Assets RetiredJSA5X9024 1 .000

5983911 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 38 STATEMENT 17



______

sset description


______

UnadjustedCost

or basis

____

Bus,%

______


______

BasisReduction

________


_______


_______


-

Me-m'-

'onv.

*

Life

-

ACRclass

MACRSclass

_______

Current-year179

expense

___________


EQUIPMENT 11/01/2000 527 . 100 .000 527 . 473 . 527 . Sb 5 .000 - ___________ 54 .EQUIPMENT 11/01/2000 72 . 100 .000

_________ _________

72 . 63 . 72 . Sb 5 .000 __________ 9 .

EQUIPMENT 11/01/2000 166 . 100.000________ ________

166 . 149 . 166 . Sb-

- 5 .000-

-- ___________ 17 .

EQUIPMENT 11/01/2000 9,135 . 100.000_________ _________

9,135 . 4,113 . 5,027 . Sb - 0.000 - ___________ 914 .

EQUIPMENT 11/01/2000 5,007 . 100.000_________ _________

5,007 . 2,254 . 2,755 . Sb . 0 .000-* ___________ 501 .

EQUIPMENT 11/01/2000 3,833 . 100.000________ _________

3,833 . 1,724 . 2,107 . Sb . 0 .000-- ___________ 383 .

EQUIPMENT 11/01/2000 3,445 . 100 .000________ _________

- 3,445 . 1,552 . 1,897 . Sb . 0 .000-- ___________ 345 .

EQUIPMENT 11/01/2000 8,443 . 100 .000 8,443 . 3,798 . 4,642 . Sb - . 0 .000-- ___________ 844 .EQUIPMENT 04/30/2000 500,000 . 100 .000

________ _________

500,000 . 250,000 . 300,000 . Sb - . 0 .000-* ___________ 50,000 .

COMPUTER HARDWARE 11/01/2000 69,601 . 100.000________ _________

69,601 . 62,640 . 69,601 . Sb * 5 .000-- 6,961 .

SHIP RENOVATIONS 11/01/2000 3,921,881 . 100 .000________ _________

3,921,881 . 705,938 . 862,813 . Sb - 5 .000---

___________ 156,875 .


20,292 . 18,261 . 20,292 . Sb * 5 .000-- ___________ 2,031 .

LEASEHOLD IMPROVE 11/01/2000 6,224,379 . 100.000_________ _________

6,224,379 . 718,196 . 877,795 . Sb - 9 .000 * ___________ 159,599 .

EQUIPMENT 11/01/2002 19,997 . 100 .000_________ _________

19,997 . 9,835 . 13,834 . Sb - 5 .000-* __________ 3,999 .

EQUIPMENT 11/01/2001 544,411 . 100.000________ _________

544,411 . 337,146 . 446,028 . Sb - 5 .000 - ___________ 108,882 .

COMPUTERS 11/01/2001 41,930 . 100.000_________ _________

41,930, 30,375 . 38,761 . SL - 5 .OOo * __________ 8,386 .

FURN . AND FIXT . 11/01/2001 4,940 . 100.000________ _________

4,940 . 3,458 . 4,446 . Sb - 5 .000-- __________ 988 .

LEASEHOLD IMP 11/01/2001 2,121,003 . 100.000________ _________

2,121,003 . 191,357 . 245,742 . SL 9.000 - ___________ 54,385 .

SHIP RENOVATIONS 11/01/2001 300,838 . 100.000_________ _________

300,838 . 42,118 . _4 Sb 5 .000 -

Less : Retired Assets_________ _________

_________ _____________ ___________ _________ ______

Subtotals__________ _________

_______________________ __________ ________________________ ______ ________ _________ ____________ __________ __________

Listed Property _________ ____________________ ________ _____ _______ ________ __________ _________ _________ * -- -

Less: Retired Assets ___________ ___________

Subtotals__________ ___________

___________ _______________

TOTALS . . . . . . . . . . . . . . . . . ._________

.________ _________ ____________ __________ __________

______________ _____________________ _____ _______ ________ __________ _________ _________ ____________

AMORTIZATION ______

sset description


______ _________

Costor

basis

______


_______


-

Code

____

______

Life

_______________

________________________

__________


TOTALS . . . . . . . . . . . . . . . . . ..________ ______ _______ ________ _________ __________ ______ _____________

'Assets RetiredJSA5X9024 1 .000

59839H 1608 01/16/2007 18 :1844 V05-8 .1 518892-1 - - 39 STATEMENT 18


Description of PropertyGENERAL DEPRECIATIONDEPRECIATION _______ ___________

Asset description

______


______

UnadjustedCost

or basis

____

Bus,%

______


______

BasisReduction

________


_______


_______


-

Me-jjj

-

Cony .

-

LifeACRclass

MACRSclass

Current-year179


LEASEHOLD IMP . 11/01/2001 5,682,271 . 100 .000 5,682,271 . 526,693 . 672,392 . Sb - 3 9 .000-- __________ 145,699 .FURN. & FIXT . 01/01/2004 10,240 . 100 .000

_________ _________

10,240 . 2,048 . 4,096 . Sb 5.000-* ___________ 2,048 .EQUIPMENT 03/25/2003 3,962 . 100 .000

_________ _________

3,962 . 1,584 . 2,376 . Sb 5.000*- __________ 792 .

EQUIPMENT 08/12/2002 6,300 . 100.000________ _________

6,300 . 2,520 . 3,780, SL-

* 5 .000-* ___________ 1,260 .

EQUIPMENT 11/20/2002 21,850 . 100 .000_________ _________

21,850 . 8,740, 13,110 . Sb * 5 .000-- ___________ 4,370 .

EQUIPMENT 10/31/2002 18,900 . 100.000_________ _________

18,900 . 7,560 . Sb * 5 .000-* ___________ 3,780 .

EQUIPMENT 06/05/2002 4,100 . 100.000_________ _________

4,100 . 1,640 . 2,460 . SL - 5 .000- __________ 820 .

EQUIPMENT 01/15/2003 6,955 . 100 .000________ _________

_________ 6,955 . 2,782 . 4,173 . Sb - 5 .000** ___________ 1,391 .

EQUIPMENT 04/08/2003 77,540 . 100 .000_________

77,540 . 15,616 . 31,124 . Sb - 5 .000-* __________ 15,508 .

EQUIPMENT 12/05/2002 1,215 . 100.000________ _________

1,215 . 486 . 729 . si s .ooo-- ___________243 .

EQUIPMENT 07/16/2002 4,750 . 100 .000_________ _________

4,750 . 1,900 . 2,850 . Sb 5 .000 - ___________ 950 .

EQUIPMENT 02/24/2003 2,484 . 100.000_________ _________

2,484 . 994 . 1,491 . Sb 5 .000 - __________ 497 .

COMP EQUIPMENT 11/01/2002 100.000________ _________

2,911 . 1,164 . 1,746 . Sb - 5 .000-- ___________ 582 .

COMP EQUIPMENT 11/01/2002 2,598 . 100 .000_________ _________

2,598 . 1,040 . 1,560 . Sb - 5 .000 - ___________ 520 .

VISTA SOFTWARE 11/01/2002 31,948 . 100.000_________ _________

31,948 . 12,780 . 19,170 . Sb 5 .000*- ___________ 6,390 .

COMPUTER EQUIPMENT 11/01/2002 70,650 . 100.000_________ _________

70,650 . 31,702 . 45,832 . Sb - 5 .000- __________ 14,130 .

SHIP RENOVATION 01/01/2003 702,344 . 100 .000________ _________

702,344 . 59,041 . 87,135 . Sb * 5 .000- ___________ 28,094 .

FURNITURE & FIX . 01/01/2003 31,733 . 100.000_________ _________

31,733 . 15,867 . - 22,214 . Sb - 5 .000** ___________ 6,347 .

EXHIBITS 01/01/2003 116,738 . 100.000_________ _________

116,738 . 44,655 . Sb 5 .000 ________ ______ 23,348 .


___________

Subtotals__________ _________ __________ _____________

__________ __________________ __________ ________________________ ________ _________ ____________ __________

Listed Property ________ ___________________ ________ _____ _______ _______ __________ ________ ________

Less: Retired Assets _________ _______ ______

Subtotals__________ _________ __________ _____________ ___________

__________ ___________ _______________

TOTALS . . . . . . . . . . . . . . . . . ._________

.________ _________ ____________ __________

_____________________

AMORTIZATION_______ ________ __________ _________ _________ ________________________________

_______ _____ __________

Asset description

______

Date,placed inservice

______

Costor

basis

_______ ____ ____________ ______


_______

Endingócumulated

amortization Code

____


TOTALS________ ________ ________ ________ _________ _______________________________ _____________

Assets RetiredJSA5X9024 lOOO

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 40 STATEMENT 19



sset description

______


_______

UnadjustedCost

or basis

____

Bus .%

______


______

BasisReduction

_________


_______


_______


Me-jJj onv ife

-

ACR :class

MACRSclass

_______

Current-year179

expense

___________


LEASEHOLD IMPROV 01/01/2003 5,991 . 100 .000 5,991 . 359 . 513 . Sb 9.000 - ___________ 154 .EQUIPMENT 10/31/2003 4,826 . 100 .000

_________ _________

4,826 . 1,448 . 2,413 . Sb 5 .000 - ___________ 965 .EQUIPMENT 10/31/2003 7,400 . 100 .000

_________ _________

7,400 . 2,220 . 3,700 . Sb 5 .000 ___________ 1,480 .

EQUIPMENT 10/31/2003 3,516 . 100 .000_________ _________

3,516 . 1,055 . 1,758 . Sb 5 .000 * ___________ 703 .

EQUIPMENT 10/31/2003 9,878 . 100 .000_________ _________

9,878 . 2964 . 4,940 . Sb - 5 .000 - ___________ 1,976 .

EQUIPMENT 10/31/2003 4,400 . 100 .000_________ _________

4,400 . 1,320 . 2,200 . Sb - 5 .000 - - ___________ 880 .

EQUIPMENT 10/31/2003 4,803 . 100 .000_________ _________

4,803 . 1,441 . 2,402 . Sb 5 .000 - - __________ 961,

EQUIPMENT 1.0/31/2003 3,350 . 100 .000________ ________

3,350 . 1,005 . 1,675 . Sb - 5 .000 - - ___________ 670 .

EQUIPMENT 10/31/2003 3,150 . 100 .000_________ _________

3,150 . 945 . 1,575 . Sb 5 .000 - ___________ 630 .

EQUIPMENT 10/31/2003 4,054 . 100 .000_________ _________

4,054 . 1,216 . 2,027 . Sb - 5 .000 - - ___________ 811 .

EQUIPMENT 10/31/2003 1,404 . 100 .000_________ _________

1,404 . 421 . 702 . Sb 5.000 - - ___________281 .

EQUIPMENT 10/31/2003 2,128 . 100 .000_________ _________

2,128 . 639 . 1,065 . Sb - 5 .000 - ___________ 426 .

EQUIPMENT 10/31/2003 1,865 . 100 .000_________ _________

1,865 . 560 . 933 . Sb - 5.000 - - ___________ 373 .

EQUIPMENT 10/31/2003 6,125 . 100.000_________ _________

6,125 . 1,838 . 3,063 . Sb 5.000 - ___________ 1,225 .

COMPUTER EQUIP 10/31/2003 3,770 . 100 .000_________ _________

3,770 . 1,131 . 1,885 . si - s .ooo - ___________ 754 .

COMPUTER EQUIP 10/31/2003 36,500 . 100.000_________ _________

36,500 . 10,950 . 18,250 . Sb 5.000,

- ___________ 7,300 .

COMPUTER EQUIP 10/31/2003 2,047 . 300.000_________ _________

2,047 . 614 . 1,023 . Sb - 5 .000 - - ___________ 409 .

COMPUTER EQUIP 10/31/2003 1,589 . 100.000_________ _________

1,589 . 477 . 795 . Sb 5.000 - - ___________ 318 .

COMPUTER EQUIP 10/31/2003 1,240 . 100 .000_________ _________

1,240 . 372 . - 620 . Sb 5.000 ___________ 248,

Less : Retired Assets_________ _________

_____________ ___________ ___________ _______________

Subtotals__________ _________ __________

__________ __________ _______ _______ __________ _________________________ ______ ________ _________ ____________

Listed Property _________ ____________________ ________ _____ _______ ________ __________ _________ _________

Less : Retired Assets ______________________ _________ __________ _____________ ___________ ________


sset description


Costor

basis

___________________________ _______


_______


-

Code

____

______

Life

_______

__________

__________


TOTALS . . . . . . . . . . . . . . . . . . .________ _____ _________ _________ ________________________________ _____________


5983911 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 - . 41 STATEMENT 20



______ ______

Asset description


UnadjustedCost

or basisBus,%


BasisReduction




Me-in-

Cony .

-

Life

-

ACRclass

MACRSclass

Current-year1 79


COMPUTER EQUIP 10/31/2003 2,806 . 100 .000 _________ 2,806 . 842 . 1,403 . Sb 5 .000 561 .COMPUTER EQUIP 10/31/2003 4,265 . 100 .000

_________

4,265 . 1,280 . 2,133 . SL-

5 .000- __________

853 .COMPUTER EQUIP 10/31/2003 1,195 . 100 .000

_________ _________

1,195 . 359 . 598 . Sb-

5 .000- __________

239 .COMPUTER EQUIP 10/31/2003 2,077 . 100000

_________ _________

2,077 . 623 . 1,038 . Sb-

5 .000-- __________

415 .COMPUTER EQUIP 10/31/2003 7,209 . 100.000

_________ _________

7,209 . 2,163 . 3,605 . Sb 5 .000__________

1,442 .CONST IN PROGRESS 10/30/2003 22,206 . 100 .000

_________ _________

22,206 . 4,441 . 8,882 . Sb-

5 .000- - __________

4,441 .CONST IN PROGRESS 10/31/2003 10,700 . 100 .000

_________ _________

10,700 . 3,210 . 5,350 . Sb-

5 .000- __________

2,140 .CONST IN PROGRESS 10/31/2003 23,636 . 100.000

_________ _________

23,636 . 1,418 . 2,363 . SL-

5 .000- - __________

945 .FURN AND FTXT 10/31/2003 1,975 . 100 .000

_________ _________

1,975 . 593 . 988 . Sb-

5 .000- ___________

395 .

FURN AND FIXT 10/31/2003 11,288 . 100 .000_________ _________

11,288 . 3,387 . 5,645 . Sb-

5 .000- - ___________

2,258 .FURN AND FIXT 10/30/2003 11,288 . 100 .000

_________

_________

_________

11,288 . 3,387 . 5,645 . Sb 5 .000- - ___________

. 2,258 .FURN AND FIXT 10/31/2003 1,864 . 100 .000 _________

_________

_________ 1,864 . 559 . 932 . Sb-

5 .000-- ___________

373 .F1JRN AND FIXT 10/31/2003 90,000 . 100 .000 90,000 . 27,000 . 45,000 . SL 5 .000

-- ___________

18,000 .EXHIBITS 04/30/2004 -26,900 . 100 .000

_________ _________

Sb-

5 .000- ___________

EXHIBITS 10/31/2003 13,538 . 100 .000_________ _________ _____________

13,538 .___________

4,062 .___________

6,770 . Sb-

5 .000-- ___________ ________________

2,708,LEASEHOLD IMP 10/31/2003 1,764 . 100 .000

________ _________

1,764 . 529 . 882 . Sb-

HY 5 .000--

5___________

353 .

LEASEHOLD IMP 10/31/2003 3,000 . 100.000________ _________

3,000 . 225 . 375 . Sb 0 .000- ___________

150 .LEASEHOLD IMP 10/31/2003 1,565 . 100.000

_________ _________

1,565 . 60 . 100 . Sb-

9 .000-- ___________

40 .LEASEHOLD IMP 10/31/2003 2,024 . 100 .000

_________ _________

2,024 . 78 . 130 . Sb 9 .000- ___________

52 .Less: Retired Assets

_________ _________ ___________

Subtotals___________

__________ - _________ _________ _____________ ___________ ___________ ___________ ________________

Listed Property _______ ________ _____ _______ ________ __________ ________ ________ ________ ____________


__________

TOTALS . . . . . . . . . . . . . . . . . ._________

.________ _____

________ _________ ____________

_______ ________ __________ _________

AMORTIZATION______ ______ ___________________________

Asset descriptton


Costor

basisAccumulatedamortization

- EndingAccumulatedamortization

-

Code

______

Life

___________________________-

________________


TOTALS

D . .4 .. . ..1________ _______________________________ _________ -

JSA5X9024 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 42 STATEMENT 21

INTREPID MUSEUM FOUNDATION, INC 2005 13-3062419

Description of PropertyGENERAL DEPRECIATIONDEPRECIATION ______ ______ ____ ______ ______ ________ _______ _______

Date Unadjusted 179 exp. Beginning Ending - - - MA Current-yearplaced in Cost Bus, reduction Basis Basis for Accumulated Accumulated Me- ACRE CR 179 Current-year

Asset description service or basis % in basis Reduction depreciation depreciation depreciation th' Cony . Life class class expense depreciation

LEASEHOLD IMPEQUIPMENTEQUIPMENTEQUIPMENT

10/31/200310/31/200310/31/200310/31/2003

1,679 .47,000 .5,000 .

28,500 .

100 .000100 .000100.000100.000

_________

________

________

_______

_________

_________

_________

_______

1,679 .47,000 .5,000 .

28,500 .

65 .14,100 .1,500 .8,550 .

108 .23,500 .2,500 .14,250 .

SbSbSbSb

-

-

-

-

9 .0005 .0005 .0005 .000

-

-

-

*

-

-

-

-

___________

___________

___________

________

43 .9,400 .1,000 .5,700 .

759LEASEHOLD IMP 10/31/2003 3,793 . 100.000 _______ ________ 3,793 . 1,138 . 1,897 . Sb - 5 .000 - _________

.133

LEASEHOLD IMPLEASEHOLD IMPROVEMLEASEHOLD IMPROVEM

10/31/200310/31/200310/31/2003

5,174 .4,534 .8,000 .

100 .000100 .000100 .000

_______

_______

_________

________

________

_________

5,174 .4,534 .8,000 .

199 .174,308 .

332 .290 .513 .

SbSbSb

-

-

9 .0009 .0009 .000

-

-

-

-

-

_________

_________

___________

.116 .205 .

4 590EXHIBIT - CONCORDE 04/30/2004 45,901 . 100 .000 _______ _______ 45,901 . 4,590 . 9,180 . Sb 0 .000 - ________

, .033

EXHIBIT - CONCORDEEXHIBIT - LITTLE LEXHIBIT - CONCORDECIP - PIER

04/30/200410/31/20030/31/200304/30/2004

10,334 .449,690 .554,120 .250,000 .

100 .000100 .000100 .000100.000

_______

________

_______

_________

________

________

________

_________

10,334 .449,690 .554,120 .250,000 .

2,067 .67,454 .83,118 .

250,000 .

3,100 .112,423 .138,530 .250,000 .

Sb

SbSb

Sb

-

-

-

-

0 .0000 .0000.0000.000

-

-

-

-

-

-

-

_________

_________

________

1, .44,969 .55,412 .

CIP - PIERCIP - SECURITYMODEL

04/30/200404/30/200404/30/2004

21,276 .143,153 .38,409 .

1.00 .000100 .000100 .000

_________

_______

_________

_________

________

_________

21,276 .143,153 .38,409 .

21,276 .2,889 .7,682 .

21,276,10,047 .15,364 .

SbSbSb

-

-

-

0.000Th0005.000

-

-

-

-

-

-

________

__________

7,158 .7,682 .

385SHIP RENOVATIONSSHIP RENOVATIONS

04/30/200404/30/2004

23,853 .13,007 .

100 .000100 .000

_______

_______

________

_______

23,853 .13,007 .

2,385 .520 .

4,770 .

- 1,040 .

SbSb-

-

0 .000.ooo- -

-

________

________

2, .520 .

1 000INTREPID WINGSLess: Retired Assets

04/30/2004 10,000 . 100 .000 _______ ________ 10,000 . 1,000 . _2! . Sb 0,000 - _______, .

Subtotals___________

_____ _______ ________ __________________

Listed Property ________ __________ _________ _________________ _____ ________


____________ __________ ___________

__________ __________

TOTALS . . . . . . . . . . . . . . . . . .__________

.________

_______

_________

________

____________

__________________ _____

AMORTIZATION ______ _______

-

t

______

Dateplaced in

______

Costor

b

_________________________


. EndingAccumulatedamortization Code Life

- Current-yearamortizationAsset descrip ion service asis

TOTALS . . . . . . . . . . . . . . . . . . ._______ ____________________________ _______ ________

*Assets RetiredJSA5X9024 1 .000

59839H 1608 01/16/2007 18 :18:44 V05-8 .1 518892-1 43 STATEMENT 22


Description of PropertyGENERAL DEPRECIATIONDEPRECIATION ______

sset description


_______

UnadjustedCost

or basis

____

Bus,%

______


______

BasisReduction

_________


_______


_______


Me-th ony.

-

Life

-

ACRclass

MACRSclass

_______

Current-year179

expense

___________


SHIP RENOVATION 04/30/2004 5,291 . 100 .000 5,291 . 212 . 424 ..SL 5 .000- - ___________ 212 .

EQUIPMENT 10/31/2003 2,641 . 100.000_________ _________

2,641 . 792 . 1,320 . Sb - 5 .000- * ___________ 528 .

CIP CAPITALIZED 03 04/30/2004 -105,874 . 100.000

________ _________

QQ_O -CONST . IN PROGRESS 04/30/2004 178,048 . 100 .000

________ _________ _____________

178,048 .___________

17,805 .___________

35,610 . Sb-

- 0 .000- ___________ 17,805 .

EXHIBITS - CONCORD 04/30/2004 40,000 . 100 .000________ _________

40,000 . 4,000 . 8,000 . Sb - 0 .000 - - ___________ 4,000 .

EQUIPMENT 11/01/2004 259,003 . 100,000________ _________

259,003 . 25,900 . 77,701 . Sb - 5 .000 - ___________ 51,801 .

EQUIPMENT 05/01/2004 79,500 . 100 .000________ _________

79,500 . 15,900 . 31,800 . Sb - 5 .000- - ___________ 15,900 .COMPUTERS 11/01/2004 180,414 . 100 .000

________ _________

180,414 . 18,041 . 54,124 . Sb 5 .000- - ___________ 36,083 .

SOFTWARE 11/01/2004 1,989 . 100.000_________ _________

1,989 . 332 . 995 . Sb-

- 3 .000- * __________ 663 .

WEBSITE 04/30/2005 59,500 . 100.000________ _________

59,500 . 11,900 . Sb - 5 .000- - ___________ 11,900 .

F&F AND OTHER 11/01/2004 176,146 . 100.000_________ _________

176,146 .___________

17,615 . 52,844 . Sb - 5 .000- ___________35,229 .

EXHIBITS 11/01/2004 2,706,403 . 100 .000_________ _________

2,706,403 . 270,640 . 811,921 . Sb 5 .000- - ___________ 541,281 .LAND IMP - CIP 04/30/2005 56,175 . 100.000

_________ _________

56,175 . Sb-

- - - ___________ ________________

EXHIBIT 11/01/2004 503,314 . 100 .000_________ _________

503,314 .___________

25,166 .___________

75,497 . Sb . 0 .000 - ___________ 50,331 .

EXHIBIT - CONCORDE 04/30/2004 6,041 . 100 .000_________ _________

6,041 . 604 . 1,208 . Sb-

- . 0 .000- ___________ 604 .

LHI 11/01/2004 9,277,094 . 100 .000_________ _________

9,277,094 . 118,937 . 356,811 . Si. - 9 .000 ___________ 237,874 .


76,874 . 986 . 2,957 . Sb 9 .O00* ___________ 1,971 .

VEHICLE 11/01/2004 52,000 . 100 .000_________ _________

52,000 . 5,200 . 15,600 . Sb-

5 .000 - ___________ 10,400 .SHIP RENOVATIONS 11J01/2004 277,254 . 100 .000

_________ _________

277,254 . 27,725 . j6 . Sb-

5 .000 ______

Less : Retired Assets________ _________

___________

,__________

Subtotals__________ _________ __________ _____________

___________ ___________ __________ . - ___________ ___________________________ _______ _________ __________ _____________

Listed Property _____________________ ________ _____ _______ ________ __________ _________ _________ _________

Less: Retired Assets _______________ ________

Subthtals__________

________ ___ ___

AMORTIZATION ______ _____ __________ _________________

Asset description


______

Costor

basis

__________________________ _______


_______


*

Code

__________


TOTALS ________ _______________ ________ _________ ________________ _____________


59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 . - 44 STATEMENT 23


Description of PropertyGENERAL DEPRECIATIONDEPRECIATION ______ _______

sset description


UnadjustedCost

or basis

____

Bus,%

______


______

BasisReduction

_________


_______


________


___

Me-thod

-

G,p J1!ACREclass

MACRSclass

_______

Current-year1 79

expense

___________


EQUIPMENT 11/01/2005 25,172 . 100 .000 25,172 . 2,517 . Sb 5 .000 - - ___________ 2,517 .

COMPUTERS 11/01/2005 148,432 . 100 .000_________ _________

148,432 .___________

__________ _ SL 5 .000 - * ___________ 14,043 .FURNITURE 11/01/2005 97,892 . 100 .000

_________ _________

97,892 . 9,789 . Sb 5 .000 - ___________ 9,789 .

EXHIBITS 11/01/2005 706,824 . 100.000- _________

706,824 .__________

__________ 70,602 . Sb 5 .000 - * __________ 70,682 .

SHIP RENOVATIONS 11/01/2005 65,937 . 100.000________ _________

65,937 . __________ 6,594 . Sb - 5 .000 - - ___________- 6,594 .

LEASEHOLD IMPROVE 11/01/2005 103,510, 100 .000_________ _________

103,518 . 1,327 . Sb - 9.000 - - ___________ 1,327 .

EXHIBIT-CONCORDE 11/01/2005 18,500 . 100.000- _________

18,500 .__________

__________ 925 . Sb - - - ___________ 925 .

CAPITAL IMPROVE 11/01/2005 310,879 . 100 .000_________ _________

310,879 . 15,544 . Sb - 0.000 - * ___________ 15,544 .

LEASEHOLD IMPROVE 11/01/2005 3,071,639 . 100 .000- _________

3,071,639 .__________

__________ 39,380 . _ - 9 .000 - - ___________ 39,380 ._________ _________

Less: Retired Assets ______________ ___________ __________ ________

""Subtotals__________

70593557 ._________ __________

70728280 . 25216261 . } 3,177,680 .28393941 . _____________________ _________

Listed Property _________ ____________________ ________ _____ _______ ________ __________ ________ ________

Less: Retired Assets ____________ ____________ _________________

Subtotals__________ _________ __________ _____________ ___________

___________ ________________

TOTALS_________

70593557 .________ _________ ____________

70728280 .__________

25216261 .___________

28393941 . 3,177,680 ._______ _________ _________

AMORTIZATION ______ __________ __________

Asset description


______

Costor

basis

_____ ________________ ______


_______

. EndingAccumulatedamortization Code

____

Life

____


TOTALS . . . . . . . . . . . . . . . . . . .________ _______________________ ________ -

Assets RetiredJSA5X9024 1,000

5983917 1608 01/16/2007 1818 :44 V05-8.1 518892-1 45 STATEMENT 24

INTREPID MUSEUM FOUNDATION, INC .FORM 990 PART II, LINE 42EIN # 13-3062419

DEPRECIATION (FORM 4562) - ATTACHED

LESS :DEPRECIATION SHOWN ELSEWHERE

3,177,680

3,375

DEPRECIATION EXPENSE - LINE 42 3,174,305

2'14


FORM 990, PART II - OTHER EXPENSES

DESCRIPTION

MISCELLANEOUS EXPENSESUT IL IT I ESINSURANCEADVERT IS INGCONSULTING & TECHNICAL FEESEMPLOYMENT AGENCY FEESTAXESPROGRAM SERVICES-EVENT EXPPROFESS IONAL DEVELOPMENT

TOTALS

TOTAL

417, 677 .1,024,436 .

622, 035 .1,020,356 .

674, 395 .74, 440 .5,395 .

766, 334 .32, 905 .

4,637,973 .

PROGRAMSERVICES

298, 209 .986,794 .608, 878 .994, 013 .288, 979 .31,898 .

505, 324 .25, 240 .

3,739, 335 .

MANAGEMENTAND GENERAL

80, 269 .28, 429 .13, 157 .3,210 .

330, 052 .36,431 .5,395 .4,023 .5, 642 .

506, 608 .

FUNDBAI SING

39, 199 .9,213 .

23, 133 .55, 364 .6,111 .

256, 987 .2,023 .

392, 030 .

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 46 STATEMENT 25


FOBN 990, PART IV - PREPAID EXPENSES AND DEFERRED CHJRGES

DESCRIPTION

PREPAID EXP & OTHER ASSETS

TOTALS

BEGINNINGBOOK VALUE

114,284 .

114,284 .

ENDINGBOOK VALUE

213, 888 .

213, 888 .

STATEMENT 26

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 47


FORN 990, PART IV - INVESTMENTS - SECURITIES

DESCRIPTION

TRIZEC HAHNTRAVEL ZOOCOMMON STOCKUS TREASURY OBLIGATIONSUS TREASURY AGENCIESCOMMERCIAL PAPERINVESTED CASHMUTUAL FUNDS

TOTALS

BEGINNINGBOOK VALUE

8,469 .100 .NONE

199,352 .296, 099 .

NONENONENONE

504, 020 .

13-30 62419

ENDINGBOOK VALUE

10, 773 .NONE

2,050,042 .NONE

393, 250 .6,954,050 .4,922,316 .

732, 730 .

15,063,161 .

STATEMENT 27

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 48

INTREPID MUSEUM FOUNDATION, INC 13- 30 624 19

FORM 990, PART IV - INVESTMENTS - OTHER

DESCRIPTIONBEGINNINGBOOK VALUE

ENDINGBOOK VALUE

INVESTMENT & ADVANCES TO INFCONCESSIONS INC .

INVESTIN INTREPID HELIPORT

TOTALS

100 .

1,780,608 .

1,780,708 .

100 .

1,780,608 .

1,780,708 .

STATEMENT 28

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 49


ASSET DESCRIPTION

LEASEHOLD IMPROV

LEASEHOLD IMPROV

LEASEHOLD IMPROV

LEASEHOLD IMPROV

LEASEHOLD IMPROV

LEASEHOLD IMPROV

LEASEHOLD IMPROV

SHIP RENOVATIONS

SHIP RENOVATIONS

EXHIBIT-BLACK BIRDE

EQUIPMENT

EQUIPMENT

COMPUTERS & ACCESSC

EXHIBITS

LEASEHOLD IMPROV

LEASEHOLD TMPROV

SHIP RENOVATIONS

SHIP RENOVATIONS

13-3 0624 19

LAND, BUILDINGS, EQUIPMENT NOT HELD FOR INVESTMENT

FIXED ASSET DETAIL

METHOD! BEGINNING ENDINGCLASS BALANCE ADDITIONS DISPOSALS BALANCE

Sb 4,514,977 . 4,514,977 .

Sb 33,775 . 33,775 .

Sb 4,200 . 4,200 .

Sb 10,850 . 10,850 .

SL 16,300 . 16,300 .

Sb 553,098 . 553,098 .

Sb 813,847 . 813,847 .

Sb 7,467,131 . 7,467,131 .

SL 817 . 817 .

SL 284,416 . 284,416 .

Sb 8,745 . 8,745 .

Sb 44,003 . 44,003 .

Sb 12,899 . 12,899 .

SL 15,556 . 15,556 .

SL 34,525 . 34,525 .

Sb 44,914 . 44,914 .

Sb 229,951 . 229,951 .

Sb 11,000 . 11,000 .

ACCUMULATED DEPRECIATION DETAIL

BEGINNING ENDINGBALANCE ADDITIONS DISPOSALS BALANCE

3,157,039 . 141,093 . 3,298,132 .

23,432 . 1,090 . 24,522 .

2,827 . 145 . 2,972 .

7,118 . 388 . 7,506 .

10,570 . 604 . 11,174 .

346,646 . 21,273 . 367,919 .

50.4,587 . 32,554 . 537,141 .

6,789,800 . 298,685 . 7,088,485 .

643 . 33 . 676 .

284,416 . 284,416 .

8,745 . 8,745 .

44,003 . 44,003 .

12,899 . 12,899 .

15,556 . 15,556 .

21,585 . 1,439 . 23,024 .

27,129 . 1,871 . 29,000 .

186,341 . 9,198 . 195,539 .

7,680 . 440 . 8,120 .

59839H 1608 O1,'16i'2007 18 :18:44 V05-8.1 518892-1 50 STATEMENT 29



FIXED ASSET DETAIL

ASSET DESCRIPTION

SHIP RENOVATIONS

SHIP RENOVATIONS

SHIP RENVOVATIONS

SHIP RENOVATIONS

SHIP RENOVATIONS

SHIP RENOVATIONS

LEASEHOLD IMPROV

FURNITURE & FIXTURF

FURNITURE & FIXTURF

FURNITURE & FIXTURF

FURNITURE & FIXTURF

EQUIPMENT

EQUIPMENT

EQUIPMENT

EXHIBITS

EXHIBITS

EXHIBITS

EXHIBITS


SL 1,048,911 . 1,049,911 .

SL 200,279 . 200,278 .

SL 103,400 . 103,400 .

SL 165,898 . 165,898 .

Sb 82,389 . 82,389 .

Sb 2,000,000 . 2,000,000 .

SL 193,540 . 193,540 .

SL 9,379 . 9,379 .

SL 57, 286 . 57, 286 .

Sb 21,043 . 21,043 .

SL 37,010 . 37,010 .

Sb 47,916 . 47,916 .

Sb 166,305 . 166,305 .

Sb 79,686 . 79,686 .

SL 45,842 . 45,842 .

Sb 2,000 . 2,000 .

SL 252,530 . 252,530 .

Sb 125,987 . 125,987 .

5983911 1608 01/16/2007 18 :18:44 V05-8.1 518892-1



655,193 . 41,956 . 697,149 .

124,171 . 8,011 . 132,182 .

103,400 . 103,400 .

116,130 . 6,636 . -122,766 .

60,975 . 3,296 . 64,271 .

1,480,000 . 80,000 . 1,560,000 .

135,322 . 6,048 . 141,370 .

9,379 . 9,379 .

57, 286 . 57, 286 .

21,043 . - 21,043 .

37,010 . 37,010 .

47,916, 47,916 .

166,305 . 166,305 .

79,686 . 79,686 .

45,842 . 45,842 .

2,000 . 2,000 .

252,530 . 252,530 .

125,987 . 125,987 .

51 STATEMENT 30


ASSET DESCRIPTION

COMPUTERS & ACCESSC

COMPUTERS & ACCESSC

SHIP RENOVATIONS

SHIP RENOVATIONS

FURNITURE & FIXTURF

EQUIPMENT

COMPUTERS & ACCESSC

SHIP RENOVATIONS

FURNITURE & FIXTURF

EXHIBITS

LEASEHOLD IMPROV

EQUIPMENT

EQUIPMENT

COMPUTER & ACCESS

SHIP RENOVATIONS

FURNITURE & FIXTURF

EXHIBITS

FURNITURE & FIXTURF

13-3062419


FIXED ASSET DETAIL


SL 19,385 . 19,385 .

Sb 16,145 . 16,145 .

Sb 5,700 . 5,700 .

SL 133,927 . 133,927 .

SL 43,354 . 43,354 .

Sb 29,345 . 29,345 .

Sb 2,632 . 2,632 .

Sb 9,891 . 9,891 .

Sb 3,377 . 3,377 .

SL 7,760 . 7,760 .

Sb 6,850 . 6,850 .

Sb 175,000 . 175,000 .

Sb 45,238 . 45,238 .

Sb 12,380 . 12,380 .

Sb 17,771 . 17,771 .

Sb 21,563 . 21,563 .

Sb 2,090,116 . 2,090,116 .

Sb 63,197 . 63,197 .



19,384 . 19,384 .

16,146 . 16, 146 .

5,700 . 5,700 .

77,737 . 5,357 . 83,094 .

43,354 . 43,354 .

29,345 . 29,345 .

2,632 . 2,632 .

5,346 . 396 . 5,742 .

3,377 . 3,377 .

7,760 . 7,760 .

4,023 . 298 . 4,321 .

175,000 . 175,000 .

45,238 . 45,238 .

12,380 . 12,380 .

8,887 . 711 . 9,598 .

21,563 . 21,563 .

2,090,116 . 2,090,116 .

63,197 . 63,197 .

598391! 1608 01,'16/2007 18 :18 :44 V05-8 .1 518892-1 52 STATEMENT 31


ASSET DESCRIPTION

EQUIPMENT

EQUIPMENT

COMPUTERS & ACCES

SHIP RENOVATIONS

FURNITURE & FIXTURF

EXHIBITS

EQUIPMENT

COMPUTERS & ACCESSC

SHIP RENOVATIONS

FURNITURE & FIXTURF

LEASEHOLD IMPROVEML

EQUIPMENT

HARDWARE

SOFTWARE

SHIP RENOVATIONS

FURNITURE & FIXTURF

EXHIBITS

LEASEHOLD IMPROV .

13-3062419


FIXED ASSET DETAIL

METHOD! BEGINNING ENDING

CLASS BALANCE ADDITIONS DISPOSALS BALANCE

SL 120,625 . 120,625 .

SL 68,026 . 68,026 .

SL 25,221 . 25,221 .

SL 14,019 . 14,019 .

SL 22,497 . 22,497 .

SL 99,524 . 99,524 .

SL 27,967 . 27,967 .

SL 20,157 . 20,157 .

SL 61,447 . 61,447 .

SL 22,583 . 22,583 .

SL 77,596 . 77,596 .

SL 116,200 . 116,200 .

SL 34,008 . 34,008 .

SL 1,996 . 1,996 .

SL 41,155 . 41,155 .

SL 29,394 . 29,394 .

SL 61,250 . 61,250 .

SL 37,131 . 37,131 .



116,607 . 116,607 .

68,026 . 68,026 .

25,221 . 25,221 .

6,449 . 561 . 7,010 .

22,497 . 22,497 .

99,523 . 99,523 .

27,966 . - 27,966 .

20,156 . 20,156 .

25,808 . 2,458 . 28,266 .

22,588 . 22,508 .

20,894 . 1,990 . 22,884 .

116,200 . 116,200 .

34,008 . 34,008 .

1,996 . 1,996 .

15,643 . 1,646 . 17,289 .

29,394 . 29,394 .

61,250 . 61,250 .

9,044 . 952 . 9,996 .

59839H 1608 01/16/2007 18 :18 :44 VO5-8 .1 518892-1 53 STATEIENT 32


ASSET DESCRIPTION

EXHIBITS

LEASEHOLD IMPROV .

LEASEHOLD IMPROVEML

EQUIPMENT

EQUIPMENT

SOFTWARE

COMPUTER EQUPT

HARDWARE

SOFTWARE

FURNITURE & FIXTURF

EXHIBITS

SHIP RENOVATIONS

LEASEHOLDIMPROVEMEL

FURNITURE & FIXTURF

EQUIPMENT

SOFTWARE

COMPUTER HARDWARE

FURNITURE & FIXTURE

METHOD! BEGINNINGCLASS BALANCE

SL 144,743 .

SL 37,415 .

M39 -1,949 .

Sb 54,223 .

SL 7,336 .

SL 11,396 .

Sb 12,140 .

SL 17,897 .

Sb 152 .

Sb 20,880 .

Sb 18,660 .

SL 72,752 .

M39 274,083 .

Sb 105,000 .

SL 56,377 .

Sb 17,820 .

Sb 25,854 .

Sb 1,398 .

13-30 624 19


FIXED ASSET DETAIL

ADDITIONS DISPOSALSENDING

BALANCE

144,743 .

37,415 .

54,223 .

7,336 .

11, 396 .

12,140 .

17,897 .

152 .

20, 880 .

18,660 .

72,752 .

274,083 .

105,000 .

56,377 .

17,820 .

25,854 .

1,398 .


BEGINNING - ENDINGBALANCE ADDITIONS DISPOSALS BALANCE

144,743 . 144,743 .

6,561 . 959 . 7,520 .

-1, 949 .

54,223 . 54,223 .

7,336 . 7,336 .

11,396 . 11,396 .

12,140 . 12,140 .

17,897 . 17,897 .

152 . 152 .

20,880 . 20,880 .

18,660 . 18,660 .

21,824 . 2,910 . 24,734 .

52,703 . 7,027 . 59,730 .

101,500 . 101,500 .

54,495 . . 54495

17,820 . 17,820 .

25,854 . 25,854 .

1,398 . 1,398 .

5983911 1608 01/16!2007 18 :18:44 V05-8.1 518892-1 54 STATEMENT 33


ASSET DESCRIPTION

EXHIBITS

FURNITURE & FIXTURF

EQUIPMENT

COMPUTER HARDWARE

COMPUTER SOFTWARE

SHIP RENOVATIONS

FURNITURE & FIXTURF

EXHIBITS

LEASEHOLD IMPROVEML

EQUIPMENT

EQUIPMENT

COMPUTER HARDWARE

SHIP RENOVATIONS

FURNITURE & FIXTURF

EXHIBITS

EQUIPMENT

EQUIPMENT

EQUIPMENT

13-iUbZ41,


FIXED ASSET DETAIL


SL 30,928 . 30,920 .

SL 0,403 . 8,403 .

SL 141,272 . 141,272 .

SL 16,004 . 16,004 .

SL 1,230 . 1,230 .

SL 1,515,108 . 1,515,108 .

Sb 11,229 . 11,229 .

SL 37,602, 37,602 .

SL 8,148 . 8,148 .

SL 19,568 . 19,568 .

SL 110,702 . 110,702 .

SL 32,546 . 32,546 .

SL 4,114,733 . 4,114,733 .

Sb 2,713 . 2,713 .

Sb 261,874 . 261,874 .

Sb 1,500 . 1,500 .

Sb 11,766 . 11,766 .

Sb 8,367 . 0,367 .



30,928 . 30,928 .

8,403 . 8,403 .

136,561 . 136,561 .

15,471 . 15,471 .

1,230 . 1,230 .

393,498 . 60,604 . 454,102 .

10, 856 .-

10, 856 .

36,347 . 36,347 .

1,538 . 209 . 1,747 .

19,568 .- -

19,568 .

110,702 . 110,702 .

32,546 . 32,546 .

905,240 . 164,589 . 1,069,829 .

2,713 . 2,713 .

261,874 . 261,874 .

1,350 . 150 . 1,500 .

10,589 . 1,177 . 11,766 .

7,529 . 838 . 8,367 .

5983911 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 55 STATEMENT 34



FIXED ASSET DETAIL

ASSET DESCRIPTION

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

COMPUTER HARDWARE

SHIP RENOVATIONS

METHOD/ BEGINNINGCLASS BALANCE ADDITIONS DISPOSALS

Sb 4,280 .

SL 4,809 .

SL 1,532 .

SL 1,868 .

SL 3,883 .

Sb 976 .

Sb 3,274 .

Sb 527 .

SL 72 .

SL 166 .

SL 9,135 .

SL 5,007 .

SL 3,833 .

Sb 3,445 .

Sb 8,443 .

Sb 500,000 .

Sb 69,601 .

Sb 3,921,881 .

5983911 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1

ENDINGBALANCE

4,280 .

4,809 .

1,532 .

1,868 .

3,883 .

976 .

3,274 .

527 .

72 .

166 .

9,135 .

5,007 .

3,833 .

3,445 .

8,443 .

500,000 .

69,601 .

3,921,881 .



3,852 . 428 . 4,280 .

4,329 . 480 . 4,809 .

1,377, 155 . 1,532 .

1,683 . 185 . 1,868 .

3,496 . 387 . 3,883 .

879 . 98 . 976 .

2,947 . 327 . 3,274 .

473 . 54 . 527 .

63 . 9 . 72 .

149 . 17 . 166 .

4,113 . 914 . 5,027 .

2,254 . 501 . 2,755 .

1,724 . 383 . 2,107 .

1,552 . 345 . 1,897 .

3,798 . 944 . 4,642 .

250,000 . 50,000 . 300,000 .

62,640 . 6,961 . 69,601 .

705,938 . 156,875 . 962,813 .

57 STATEMENT 36



FIXED ASSET DETAIL ACCUMULATED DEPRECIATION DETAIL

METHOD! BEGINNING ENDING BEGINNING ENDINGASSET DESCRIPTION CLASS BALANCE ADDITIONS DISPOSALS BALANCE BALANCE ADDITIONS DISPOSALS BALANCE

FURNITURE & FIXTURF SL 20,292 . 20,292 . 18,261 . 2,031 . 20,292 .

LEASEHOLD IMPROVE SL 6,224,379 . 6,224,379 . 718,196 . 159,599 . 877,795 .

EQUIPMENT SL 19,997 . 19,997 . 9,835 . 3,999 . 13,834 .

EQUIPMENT SL 544,411 . 544,411 . 337,146 . 108,882 . 446,028 .

COMPUTERS Sb 41,930 . 41,930 . 30,375 . 8,386 . 38,761 .

FURN. AND FIXT . SL 4,940 . 4,940 . 3,458 . 988 . 4,446 .

LEASEHOLD IMP SL 2,121,003 . 2,121,003 . 191,357 . 54,385 . 245,742 .

SHIP RENOVATIONS Sb 300,838 . 300,838 . 42,118 . 12,034 . 54,152 .

LEASEHOLD IMP . SL 5,682,271 . 5,682,271 . 526,693 . 145,699 . 672,392 .

FURN . & FIXT . Sb 10,240 . 10,240 . 2,048, 2,048 . 4,096 .

EQUIPMENT SL 3,962 . 3,962 . 1,584 . 792 . 2,376 .

EQUIPMENT Sb 6,300 . 6,300 . 2,520 . 1,260 . 3,780 .

EQUIPMENT SL 21,850 . 21,850 . 8,740 . 4,370 . 13,110 .

EQUIPMENT Sb 18,900 . 18,900 . 7,560 . 3,780 . 11,340 .

EQUIPMENT Sb 4,100 . 4,100 . 1,640 . 820 . 2,460 .

EQUIPMENT SL 6,955 . 6,955 . 2,782 . 1,391 . 4,173 .

EQUIPMENT SL 77,540 . 77,540 . 15,616 . 15,508 .-

31,124 .

EQUIPMENT Sb 1,215 . 1,215 . 486 . 243 . 729 .

59839H 1608 01/16/2007 18 :18:44 V05-8,1 518892-1 - 59 STATEMENT 37



FIXED ASSET DETAIL

ASSET DESCRIPTION

EQUIPMENT

EQUIPMENT

COMP EQUIPMENT

CONP EQUIPMENT

VISTA SOFTWARE

COMPUTER EQUIPMENTC

SHIP RENOVATION

FURNITURE & FIX .

EXHIBITS

LEASEHOLD IMPROV

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

METHOD! BEGINNINGCLASS BALANCE ADDITIONS DISPOSALS

SL 4,750 .

Sb 2,484 .

SL 2,911 .

SL 2,598 .

SL 31,948 .

SL 70,650 .

Sb 702,344 .

SL 31,733 .

SL 116,738 .

Sb 5,991 .

SL 4,826,

SL 7,400 .

SL 3,516 .

Sb 9,878 .

Sb 4,400 .

SL 4,803 .

Sb 3,350 .

Sb 3,150 .

ENDINGBALANCE

4,750 .

2,484 .

2,911 .

2,598 .

31,948 .

70,650 .

702,344 .

31,733 .

116,738 .

5,991 .

4,826 .

7,400 .

3,516 .

9,878 .

4,400 .

4,803 .

3,350 .

3,150 .

59839H 1608 01/16/2007 18 :18 :44 VO5-8 .1 518892-1



1,900 . 950 . 2,850 .

994 . 497 . 1,491 .

1,164 . 582 . 1,746 .

1,040 . 520 . 1,560 .

12,780 . 6,390 . 19,170 .

31,702 . 14,130 . 45,832 .

59,041 . 28,094 . 87,135 .

15,867 . 6,347 . 22,214 .

44,655 . 23,348 . 68,003 .

359 . 154 . 513 .

1,448 . 965 . 2,413 .

2,220 . 1,480 . 3,700 .

1,055 . 703 . 1,758 .

2,964 . 1,976 . 4,940 .

1,320 . 880 . 2,200 .

1,441 . 961 . 2,402 .

1,005 . 670 . 1,675 .

945 . 630 . 1,575 .

59 STATEMENT 38



FIXED ASSET DETAIL

ASSET DESCRIPTION

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

EQUIPMENT

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

COMPUTER EQUIP

CONST IN PROGRESS

CONST IN PROGRESS

CONST IN PROGRESS


Sb 4,054 .

Sb 1,404 .

SL 2,120 .

Sb 1,065 .

SL 6,125 .

Sb 3,770 .

Sb 36,500 .

SL 2,047 .

Sb 1,509 .

Sb 1,240 .

Sb 2,806 .

Sb 4,265 .

Sb 1,195 .

Sb 2,077 .

Sb 7,209 .

SL 22,206 .

Sb 10,700 .

Sb 23,636 .

59839H 1608 01/16/2007 18 :18 :44 VO5-8 .1 518892-1

ENDINGBALANCE

4,054 .

1,404 .

2,128 .

1,865 .

6,125 .

3,770 .

36,500 .

2,047 .

1,589 .

1,240 .

2,806 .

4,265 .

1,195 .

2,077 .

7,209 .

22,206 .

10,700 .

23, 636 .



1,216 . 811 . 2,027 .

421 . 281 . 702 .

639 . 426 . 1,065 .

560 . 373 . 933 .

1,838 . 1,225 . 3,063 .

1,131 . 754 . 1,885 .

10,950 . 7,300 . - 18,250 .

614 . 409 . 1,023 .

477 . 318 . 795 .

372 . 28 . 620 .

842 . 561 . 1,403 .

1,280 . 853 . 2,133 .

359 . 239 . 598 .

623 . 415 . 1,O38

2,163 . 1,442 . 3,605 .

4,441 . 4,441 . 8,882 .

3,210 . 2,140 . 5,350 .

1,418 . 945 . 2,363 .

60 STATEMENT 39



FIXED ASSET DETAIL ACCUWJLATED DEPRECIATION DETAIL

METHOD/ BEGINNING ENDING BEGINNING ENDINGASSET DESCRIPTION CLASS BALANCE ADDITIONS DISPOSALS BALANCE BALANCE ADDITIONS DISPOSALS BALANCE

FURN AND FIXT SL 1,975 . 1,975 . 593 . 395 . 968 .

FURN AND FIXT SL 11,288 . 11,288 . 3,387 . 2,258 . 5,645 .

FURN AND FIXT SL 11,288 . 11,288 . 3,387 . 2,258 . 5,645 .

FURN AND FIXT SL 1,864 . 1,864 . 559 . 373 . 932 .

FORM AND FIXT SL 90,000 . 90,000 . 27,000 . 18,000 . 45,000 .

EXHIBITS SL -26,900 .

EXHIBITS Sb 13,538 . 13,538 . 4,062 . 2,708 . 6,770 .

LEASEHOLD IMP MS 1,764 . 1,764 . - 529 . 353 . 882 .

LEASEHOLD IMP SL 3,000 . 3,000 . 225 . 150 . 375 .

LEASEHOLD IMP Sb 1,565 . 1,565 . 60 . 40 . 100 .

LEASEHOLD IMP SL 2,024 . 2,024 . 78 . 52 . 130 .

LEASEHOLD IMP SL 1,679 . 1,679 . 65 . 43 . 108 .

EQUIPMENT SL 47,000 . 47,000 . 14,100 . 9,400 . 23,500 .

EQUIPMENT Sb 5,000 . 5,000 . 1,500 . 1,000 . 2,500 .

EQUIPMENT Sb 28,500 . 28,500 . 8,550 . 5,700 . 14,250 .

LEASEHOLD IMP SL 3,793 . 3,793 . 1,138 . 759 . 1,897 .

LEASEHOLD IMP Sb 5,174 . 5,174 . 199 . 133 . 332 .

LEASEHOLD IMPROVEML SL 4,534 . 4,534 . 174 . 116 . 290 .

59839H 1608 01/16/2007 18 :18 :44 VO5-8 .1 518892-1 61. STATEMENT 40



FIXED ASSET DETAIL ACCUMULATED DEPRECIATION DETAIL

METHOD/ BEGINNING ENDING BEGINNING ENDINGASSET DESCRIPTION CLASS BALANCE ADDITIONS DISPOSALS BALANCE BALANCE ADDITIONS DISPOSALS BALANCE

LEASEHOLD IMPROVEML SL 8,000 . 8,000 . 308 . 205 . 513 .

EXHIBIT - CONCORDEE SL 45,901 . 45,901 . 4,590 . 4,590 . 9,180 .

EXHIBIT - CONCORDEE Sb 10,334 . 10,334 . 2,067 . 1,033 . 3,100 .

EXHIBIT - LITTLE LE SL 449,690 . 449,690 . 67,454 . 44,969 . - 112,423 .

EXHIBIT - CONCORDEE SL 554,120 . 554,120 . 83,118 . 55,412 . 138,530 .

CIP - PIER Sb 250,000 . 250,000 . 250,000 . 250,000 .

CIP - PIER Sb 21,276 . 21,276 . 21,276 . - 21,276 .

CIP - SECURITY Sb 143,153 . 143,153 . 2,889 . 7,158 . 10,047 .

MODEL SL 38,409, 38,409 . 7,682 . 7,682 . 15,364 .

SHIP RENOVATIONS SL 23,853 . 23,853 . 2,385 . 2,385 . . 4,770 .

SHIP RENOVATIONS SL 13,007 . 13,007 . 520 . 520 . 1,040 .

INTREPID WINGS SL 10,000 . 10,000 . 1,000 . 1,000 . 2,000 .

SHIP RENOVATION SL 5,291 . 5,291 . 212 . 212 . 424 .

EQUIPMENT SL 2,641 . 2,641 . 792 . 528 . 1,320 .

CIP CAPITALIZED O3C SL -105,874 .

CONST . IN PROGRESSC SL 178,048 . 178,048 . 17,805 . 17,805 . 35,610 .

EXHIBITS - CONCORDE Sb 40,000 . 40,000 . 4,000 . 4,000 .-

8,000 .

EQUIPMENT SL 259,003 . 259,003 . 25,900 . 51,801 . 77,701 .

59839H 1608 01/16/2007 18 :18 :44 VO5-8.1 518892-1 - 62 STATEMENT 41

INTREPID MIJSEUM FOUNDATION, INC

ASSET DESCRIPTION

EQUIPMENT

COMPUTERS

SOFTWARE

WEBSITE

F&F AND OTHER

EXHIBITS

LAND IMP - CIP

EXHIBIT

EXHIBIT - CONCORDE

LHI

SHIP RENOVATIONS

VEHICLE

SHIP RENOVATIONS

EQUIPMENT

COMPUTERS

FURNITURE

EXHIBITS

SHIP RENOVATIONS

13-3062419


FIXED ASSET DETAIL


SL 79,500 .

Sb 180,414 .

Sb 1,989 .

Sb 59,500 .

Sb 176,146 .

Sb 2,706,403 .

SL 56,175 .

SL 503,314 .

Sb 6,041 .

Sb 9,277,094 .

Sb 76,874 .

Sb 52,000 .

Sb 277,254 .

Sb 25,172 .

SL 148,432 .

Sb 97,892 .

Sb 706,824 .

Sb 65,937 .

ENDINGBALANCE

79,500 .

180,414 .

1,989 .

59,500 .

176,146 .

2,706,403 .

56,175 .

503,314 .

6,041 .

9,277,094 .

76,874 .

52,000 .

277,254 .

25, 172 .

148,432 .

97,892 .

706,824 .

65,937 .



15,900 . 15,900 . 31,800 .

18,041 . 36,083 . 54,124 .

332 . 663 . 995 .

11,900 . 11,900 .

17,615 . 35,229 . 52,844 .

270,640 . 541,281 . 811,921 .

25,166 . 50,331 . 75,497 .

604 . 604 . 1,208 .

118,937 . 237,874 . 356,811 .

986 . 1,971 . 2,957 .

5,200 . 10,400 . 15,600 .

27,725 . 55,451 . 83,176 .

2,517 . 2,517 .

14,843 . 14,843 .

9,789 . 9,789 .

70,682 . 70,682 .

6,S94 . 6,594 .

5983911 1608 01/16/2007 18 :18 :44 VO5-8 .1 518892-1 63 STATEMENT 42



FIXED ASSET DETAIL

METHOD! BEGINNING ENDING

ASSET DESCRIPTION CLASS BALANCE ADDITIONS DISPOSALS BALANCE

LEASEHOLD IMPROVE SL 103,518 . 103,518 .

EXHIBIT-CONCORDE SL 18,500 . 18,500 .

CAPITAL IMPROVE SL 310,879 . 310,879 .

LEASEHOLD IMPROVE SL 3,071,639 . 3,071,639 .

TOTALS 66061863 . 70728280 .



1,327. 1,327 .

925. 925.

15,544. 15,544 .

39,380. 39,380 .

25216261 . 28395890 .

59839H 1608 01/16/2007 18 :18:44 V05-8 .1 518892-1 64 STATEMENT 43

INTREPID MUSEUM FOUNDATION, INC 13-3Ub24I1

FORM 990, PART IV - OTHER ASSETS

DESCRIPTION

ARTWORK

BEGINNINGBOOK VALUE

230, 000 ..

TOTALS 230,000 ..

ENDINGBOOK VALUE

230, 000 .

230, 000 .

STATEMENT 44

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 65


FOBN 990, PART IV LOANS FROM OFFICERS, DIRECTORS, ETC

LENDER : ARNOLD FISHER, FOR FISHER BROS . FIN . &INTEREST RATE: 3.980000DATE OF NOTE : 07/13/2004

BEGINNING BALANCE DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,421,681 .ENDING BALANCE DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,792,925 .

TOTAL BEGINNING LOANS FROM OFFICERS, DIRECTORS, ETC 4,421,681 .

TOTAL ENDING LOANS FROM OFFICERS, DIRECTORS, ETC . 1,792,925 .

STATEMENT 45

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 66


FORM 990, PART IV - MORTGAGES AND OTHER NOTES PAYABLE

13-30 624 19

LENDER: FIRST REPUBLIC BANK LINE OF CREDITDATE OF NOTE : 01/31/2006MATURITY DATE : 01/31/2007

BEGINNING BALANCE DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NONEENDING BALANCE DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1, 440, 000 .

TOTAL BEGINNING MORTGAGES AND OTHER NOTES PAYABLE NONE

TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE 1,440,000 .

STATEMENT 46

59839H 1608 01/16/2007 18 :18 :44 V05-81 518892-1 67


FORM 990, PART IV - OTHER LIABILITIES

DES CR1 PT I ON

SHORT TERN LIABILITIESDUE TO AFFILIATE

TOTALS

BEGINNINGBOOK VALUE

201, 705 .64, 094 .

265, 799 .

13-3062419

ENDINGBOOK VALUE

NONE218, 910 ..

218, 910 .

STATEMENT 47

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 68


FORM 990, PART IV-A - OTHER REVENUE ON RETURN BUT NOT ON BOOKS

DES CR1 PT ION

FEDERAL INCOME TAXES NETTEDAGAINST INCOME ON BOOKS

TOTAL

13-30 62419

AMOUNT

90,138 .

90, 138 .

STATEMENT 48

59839FT 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 69


FOPN 990, PART IV-B - OTHER EXPENSES ON RETURN BUT NOT ON BOOKS

DESCRIPTION

DEPRECIATION BOOK TO TAX ADJ

TOTAL

13-30 624 19

AMOUNT

156, 478 .

156,478 .

STATEMENT 49

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-i 70


FORM 990, PART V-A - CURRENT OFFICERS, DIRECTORS, AND TRUSTEES

CONTRIBUTIONS EXPENSE ACCTTITLE AND TIME TO EMPLOYEE AND OTHER

NAME AND ADDRESS DEVOTED TO POSITION COMPENSATION BENEFIT PLANS ALLOWANCES

MR MARTIN L . EDELMAN, ESQ . NONE NONE NONEPAUL,HASTING, JANOFSKY & WALKER LLP VICE CHAIR -

75 EAST 55TH STREET AS REQNEW YORK, NY 10022 -

MR . KENT L . KAROSEN NONE NONE NONEKAROSEN STRATEGIC PARTNERS LLC DIRECTOR -

159 WEST 53RD STREET, SUITE 14E AS REQNEW YORK, NY 10019

MR . MICHAEL STERN NONE NONE NONEC/O INTREPID MUSEUM FOUNDATION DIRECTORWEST 46TH STREET & 12TH AVE AS REQ -

NEW YORK, NY 10036

DR . WILLIAM F . BAKER NONE NONE NONEWNET DIRECTOR450 WEST 33RD STREET AS REQ

-NEW YORK, NY 10001

MR . DENIS A . BOVIN NONE NONE NONEBEAR STEARNS DIRECTOR383 MADISON AVE AS REQ43RD FLOORNEW YORK, NY 10179

MR. CHARLES DE GUNZBURG NONE NONE NONEFIRST SPRING CORP DIRECTOR499 PARK AVE . AS REQ26TH FLOORNEW YORK, NY 10022

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 71 STATEMENT 50





MR . HOWARD W . LUTNICK NONE NONE NONECANTOR FITZGERALD LP DIRECTOR110 EAST 59TH STREET AS REQ7TH FLOORNEW YORK, NY 10178

MR. BARRY R . SLOANE NONE NONE NONECENTURY BANK DIRECTOR400 MYSTIC AVENUE AS REQMEDFORD, MP 02155

MR . WILLIAM WHITE PRESIDENT 275,231 . 4,019 . NONEONE INTREPID SQUARE 50WEST 46TH STREET & 12TH AVENUENEW YORK, NY 10036

MR MATHIS SHINNICK NONE NONE NONEHSH NORDBANK AG DIRECTORNEW YORK BRANCH AS REQ230 PARK AVENUE, 32ND FLOOR -

NEW YORK, NY 10169

MR. JAMES D . BISHOP SR . DIRECTOR NONE NONE NONEC/O CAITHNESS ENERGY AS REQ565 FIFTH AyE, 29TH FLOORNEW YORK, NY 10017

MR. KENNETH FISHER NONE NONE NONEFISHER BROTHERS DIRECTOR299 PARK AVENUE AS REQNEW YORK, NY 10171

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 72 STATEMENT 51





MR. STEVEN FISHER NONE NONE NONEFISHER BROTHERS DIRECTOR260 MAD IS ON AVENUE AS REQ9TH FLOORNEW YORK, NY 10016

MR. PETER M . DAWKINS NONE NONE NONECITIBANK DIRECTOR153 E 53RD STREET AS REQ4TH FLOORNEW YORK, NY 10043

MR . THOMAS F . SECUNDA NONE NONE NONEBLOOMBERG, L .P . DIRECTOR731 LEXINGTON AVENUE AS REQNEW YORK, NY 10022

MR . JAMES G . KENNEDY NONE NONE NONEJAMES KENNEDY & CO INC DIRECTOR215 EAST 38TH STREET AS REQNEW YORK, NY 10016

MR . ARTHUR H . WILSON NONE NONE NONEDISABLED AMERICAN VETERANS DIRECTOR807 MAIN AVENUE SW AS REQWASHINGTON D .C ., 20024

MR . BRUCE MOSLER NONE NONE NONECUSHMAN & WAKEFIELD DIRECTOR51 WEST 52ND STREET AS REQ12TH FLOOR

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 73 STATEMENT 52


FORM 990, PART V-A - CURRENT OFFICERS, DIRECTORS, AND TRUS TEES



NEW YORK, NY 10019

MR . STANLEY S . HUBBARD - NONE NONE NONEHUBBARD BROADCASTING, INC DIRECTOR3415 UNIVERSITY AVE . AS REQST . PAUL, MN 55114

MR . DAVID H . WILLIAMS NONE NONE NONEWHITE WILLIAMS HOLDINGS DIRECTOR41 WEST 57TH STREET AS REQ4TH FLOORNEW YORK, NY 10019

MR . JAMES L . NEDERLANDER NONE NONE NONENEDERLANDER PRODUCTIONS DIRECTOR1450 BROADWAY AS REQ6TH FLOORNEW YORK, NY 10018

MR. STEVEN ROTH NONE - NONE NONEVORNADO REALTY TRUST DIRECTOR -

888 7TH AVENUE AS REQ44TH FLOORNEW YORK, NY 10019

MR . STEPHEN SIEGEL NONE NONE NONECB RICHARD ELLIS DIRECTOR200 PARK AVENUE AS REQ19TH FLOORNEW YORK, NY 10166

MR. ROBERT P . STELBEN DIRECTOR NONE NONE NONEASREQ

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 51889.2-1 - 74 - STATEMENT 53





4 IRONWEED LANEDARIEN, CT 06820

MR. PAUL W . BUCHA NONE NONE NONETERRPL MARK LLC DIRECTOR1 DOCK STREET AS REQSUITE 525STAMFORD, CT 06902

MR. RICHARD L . FISHER NONE NONE NONEFISHER BROTHERS DIRECTOR299 PARK AVENUE AS REQNEW YORK, NY 10171

MR. THOMAS H . LEE NONE NONE NONETHOMAS H . LEE CAPITAL, LLC DIRECTOR767 FIFTH AVENUE AS REQ6TH FLOORNEW YORK, NY 10153

MR . NELSON PELTZ NONE NONE NONETRIARC COMPANIES, INC DIRECTOR280 PARK AVENUE AS REQNEW YORK, NY 10017

MR . ERIK PRINCE NONE NONE NONEPRINCE GROUP, LLC DIRECTOR1650 TYSONS BOULEVARD-SUITE 800 AS REQMCLEAN, VA 22102 -

MR . RICHARD SANTULLI NONE NONE NONENETJETS INC . DIRECTOR

AS REQ

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 75 STATEMENT 54



NAME AND ADDRESS

581 MAIN STREETWOODBRIDGE, NJ 07095

MR. DENNIS SWANSONFOX TELEVISION STATIONS INC1211 AVENUE OF THE AMERICAS7TH FLOORNEW YORK, NY 10036

MS . SUSAN MARENOFF345 EAST 80TH STREET #26DNEW YORK, NY 10021

MS . ANGELA M VANDERPLOEG104 WEST 70TH STREET APT 11HNEW YORK, NY 10023

MR. ARNOLD FISHERC/O FISHER BROTHERS299 PARK AVENUE42ND FLOORNEW YORK, NY 10171

MR . GARY LITTRELLCONGRESSIONAL MEDALOF HONOR SOCIETY4302 BELLE VISTA DRIVEST PETE BEACH, FL 33706

MR . DAVID H .W . TURNERTHOMSON CORPORATIONMETRO CENTER


DEVOTED TO POSITION COMPENSATION BENEFIT PLANS ALLOWANCES

NONE NONE NONEDIRECTORAS REQ

EX . DIRECTOR50

VP OF GRANT ADMIN50

DIRECTOR/CHAIRMANAS REQ

244,743 .

148, 426 .

NONE

NONE

4,245. NONE

653 . NONE

NONE NONE

NONE NONEDIRECTORAS REQ

DIRECTORAS REQ

NONE NONE NONE

59839H 1608 01/16/2007 18 :18 :44 V05-8.1 518892-1 76 STATEMENT 55



NAME AND ADDRESS

1 STATION PLACESTAMFORD, CT 06902

MR. GREGORY CUNEOHRH CONSTRUCTION50 MAIN STREET15TH FLOORWHITE PLAINS, NY 10606

THE HON. JOHN MCCAINUNITED STATES SENATESR-241 RUSSELL SENATEOFFICE BUILDING

WASHINGTON, DC 20510

MR . DEAN O'HARECHUBB CORPORATION15 MOUNTAIN VIEW ROADWARREN, NJ 07059

MR. HOWARD J . RUBENSTEINHJR ASSOCIATES, INC .1345 AVENUE OF THE AMERICAS30TH FLOORNEW YORK, NY 10105

MS . KRISTA KOHLHAUSEN100 EAST PALISADE AVENUEENGLEWOOD, NJ 07631

MR . GERRY BYRNEPARADE MAGAZ INE



DIRECTORAS REQ

DIRECTORAS REQ

DIRECTORAS REQ

DIRECTORAS REQ

VP- EDUCATION50

DIRECTORAS REQ

NONE NONE NONE

NONE NONE NONE

NONE NONE NONE

NONE NONE NONE

91,663 . 3,842. NONE

NONE NONE NONE

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 77 STATEMENT 56





711 THIRD AVENEW YORK, NY 10017

GENERAL TOMMY R . FRANKS, USA (RET)FRANKS AND ASSOCIATES DIRECTOR2605 SOUTH MCDILL AyE, AVENUE D AS REQTAMPA, FL 33629

MR . JAMES HAGEDORNTHE SCOTTS MIRACLE-GRO COMPANY DIRECTOR14111 SCOTTSLAWN ROAD AS REQMARYSVILLE, OH 43041

MR . VERNON W . HILL IICOMMERCE BANCORP DIRECTOR1701 ROUTE 70 EAST AS REQCHERRY HILL, NJ 08034-5400

MR . STEVEN C . WITKOFFTHE WITKOFF GROUP DIRECTOR220 EAST 42ND STREET, 26TH FLOOR AS REQNEW YORK, NY 10017

MR . DAVID WINTERS EXECUTIVE VP205 EAST 95TH STREET 50NEW YORK, NY 10128

MS . PATRICIA BEENE CFO6 MCMANUS CT 50WEST ORANGE, NJ 07052

MS . FREDDA PLESSER VP-EDUCATION30

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1

NONE NONE NONE

NONE NONE NONE

NONE NONE NONE

NONE NONE NONE

170,923. 3,988. NONE

27,077 . 6,134. NONE

144,185. 8,786. NONE

78 - STATEMENT 57



NAME AND AI)DRESS

401 EAST 86TH STREETNEW YORK, NY 10028

MR . MkTT WOODS115 WEST 86TH STREETNEW YORK, NY 10024



VP-OPERT IONS50 -

GRAND TOTALS

136,344 . 4,053 . NONE

1,238,592 . 35,720. NONE

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 79 STATEMENT 58


FOPM 990, PART V-B - FOBMER OFFICERS, DIRECTORS, AND TRUSTEES

NAME AND ADDRESS

MS . CHRISTIN S . MCMANUS29 BRUNSWICK ROADMONTCLAIR, NJ 07042

MR. PATRICK J CASEY103 SANFORD CIRCLE APT ARADFORD, VA 24141

COL TOM L . TYRRELL USMC (RET)27 WEST 72ND STREETAPT 1105NEW YORK, NY 10023

MR. KEVIN MEADE7 LYNN COURTDARIEN, CT 06820

MR. DONALD FRANCIS3020 EDWIN AVENUEFORT LEE, NJ 07024

MRS . KRISTEN KELLY FISHER445 LAFAYETTE STREETNEW YORK, NY 10003

GRAND TOTALS

CONTRIBUTIONS EXPENSE ACCTTO EMPLOYEE AND OTHER

LOANS AND ADVANCES COMPENSATION BENEFIT PLANS ALLOWANCES

176,684. 3,440. NONE

44,860 . 4,061. NONE

521,168 . 25,702. NONE

89,476. 277. NONE

20,000 . 17,417. NONE

36,060 . 3,567. NONE

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1

888,248 . 54,464. NONE

80 STATEMENT 59

INTREPID MUSEUM FOUNDATION, INC .EIN : 13-3062419FORM 990, PART V-A LINE 75B

Arnold Fisher, Richard L. Fisher, Kenneth Fisher, Steven Fisher, Martin L . Edelman & CharlesDeGunzburg are partners in various business ventures

rEJT


FOBN 990, PART VIII - ACCOMPLISHMENT OF EXEMPT PURPOSES

EXPL1NATION OF HOW EACH ACTIVITY FOR WHICH INCOMELINE IS REPORTED IN COLUMN (E) OF PART VII CONTRIBUTEDNO .. IMPORTANTLY TO THE ACCOMPLISHMENT OF EXEMPT PURPOSES

93A ADMISSIONS WERE GENERATED THROUGH THE OPERATION OF THEINTREPID AS A SEA-AIR-SPACE MUSEUM FOR THE PUBLIC BENEFIT

98 RENTAL OF SHIP AND PIER IS TO PROMOTE INTEREST IN NAVALAFFAIRS, TO ALLOW THE PUBLIC TO SEE ACTIVE NAVY SHIPS,AND TO MEET THE SAILORS WHO NAN THE SHIPS AND TO PROVIDESPACE FOR RECRUITING FOR MARINE CORPS

STATEMENT 60

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 81


FOBN 990, PART IX - INFOBMATION REGARDING TAXABLE SUBSIDIARIES

PERCENTAGE NATURE OFNAME AND ADDRESS OWNERSHIP BUSINESSEMPLOYER IDENTIFICATION NUMBER INTEREST ACTIVITIES

IMF CONCESSIONS, INC .WEST 46TH ST 12TH AVE

13-34 85644

INTREPID HELIPORT CORP .WEST 46TH ST . & 12TH AVE

13- 37 957 95

TOTAL INCOME

100 .000000 INACTIVE

100 .000000 INACTIVE

13-3062419

TOTALINCOME

NONE

NONE

NONE

ENDINGASSETS

189, 052 .

28, 509 .

217, 561 .

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 82 STATEMENT 61

INTREPID MUSEUM FOUNDATION, INC i3-3062411

SCH . A, PART Il-A COMPENSATION OF THE 5 HIGHEST PAID FOR PROF . SERV .

NAME AND ADDRESS

NOEY, INC232 3RD STREET, #E3ABROOKLYN, NY 11215

DYNOLOGY CORP ORAT ION8000 TOWERS CRESCENT DR, SUITE 1350VIENNA, VA 22182

DATTNER ARCHITECTS130 WEST 57TH STREET, i3CNEW YORK, NY 10019

BERDON LLP360 MADISON AVENUENEW YORK, NY 10017

WPI ADVERTISING121 WEST 27TH ST STE 903NEW YORK, NY 10001

TYPE OF SERVICE

EXHIBIT DESIGN FEES

COMPENSATION

296, 875

CONSULT ING

CONSULT ING

ACCOUNT ING

ADVERTISING

TOTAL COMPENSATION

59839H 1608 V05-8 .i 518892-i

244,461 .

286, 843 .

158, 392

170, 873 .

1,157,444 .

STATEMENT 62

83


SCH . A, PART Il-B COMPENSATION OF THE 5 HIGHEST PAID FOR OTHER SERV .

NAME AND ADDRESS

HUDSON MERIDIAN40 RECTOR STREET, 18TH FLOORNEW YORK, NY 10006

MVN ASSOCIATES, INC .330 SOUTH FRONT STREETELIZABETH, NJ 07202

RESTAUR7NT ASSOCIATES330 FIFTH AVENUENEW YORK, NY 10001

AMERICAN ROGUE FILMS3000 31ST STREETSANTA MONICA, CA 90405

THE DISPLAY HOUSE600 HILLTOP ROADCINNAMINSON, NJ 08077

TYPE OF SERVICE

CONSTRUCTION & MGMT

COMPENSAT ION

2,415,465 .

CONSTRUCTION & MGMT

CATERING

FILM PRODUCTION

EXHIBIT CONSTRUCTION

TOTAL COMPENSATION

59839H 1608 V05-8 .1 518892-1

382,757 .

207, 277 .

193, 883 .

191, 250 .

3,390,632 .

STATEMENT 63

84


SCHEDULE A, PART III - EXPLANATION FOR LINE 2B

AS OF 4/30/06, THERE IS AN OUTSTANDING LOAN PAYABLE OF $1,792,925 TOARNOLD FISHER FOR FISHER BROTHERS FINANCIAL & DEVELOPMENT COMPANY L .P .

STATEMENT 64

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 85


SCHEDULE A, PART III - EXPL1-\NATION FOR LINE 2C

AN AFFILIATED ENTITY OF A BOARD TRUSTEE PERFOBMED LEGAL SERVICES FOR THEFOUNDATION .AN AFFILIATED ENTITY OF A BOARD TRUSTEE PERFORMED PUBLIC RELATION SERVICESFOR THE FOUNDATION .AN AFFILIATED ENTITY OF A BOARD TRUSTEE PERFORMED STRATEGIC CONSULTINGSERVICES FOR THE FOUNDATION

STATEMENT 65

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 86

INTREPID MUSEUM FOUNDATION, INC 1 3- i U bL I

SCHEDULE A, PART IV-A - OTHER INCOME

DESCRIPTION 2004 2003 2002 2001 TOTAL

MISCELLANEOUS INCOME 16,599. 97,714 . 80,115. 24,290 . 218,718 .

TOTALS 16,599. 97,714 . 80,115 . 24,290 . 218,718 .

59839H 1608 01/16/2007 18 :18 :44 V05-81 518892-1 87 STATEMENT 66


SCHEDULE A, PART VI-B - LOBBYING ACTIVITY EXPLPNATION

LOBBIED THE EXECUTIVE AND LEGISLATIVE BRANCHES OF NY STATE AND NY CITYGOVERNMENT FOR THE PURPOSE bF MONITORING BUDGET, REGULATORY ANDLEGISLATIVE ISSUES IMPACTING THE ARTS AND TOURISM INDUSTRIES .

STATEMENT 67

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 88

Sales of Business Property OMBNo. 1545-0184Form 4 7 9 7 (Also Involuntary Conversions and Recapture Amounts ©O5Under Sections 179 and 280F(b)(2))Depament of the Treasu AttachmentInternal Revenue Service Attach to your tax return . See separate instructions. Seciuence No. 27Name(s) shown on return Identifying number

I Enter the gross proceeds from sales or exchanges reported to you for 2005 on Form(s) 1099-B or 1099-S (or substitutestatement) that you are including on line 2, 10, or 20 (see instructions) ..I

ITi4l Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From OtherThan Casualty or Theft - Most Pronrtv Hold Mnr Thin I Vir (scu instriirtinnc'i

--______________________________________

(a) Description

_______________-

(b) Date acquired-

(c) Date sold (d) Gross(e) Depreciation

allowed or(f) Cost or other

basis, plus () Gain or (loss)of property (mo. day yr.) (mo . day yr.) sales price allowable since improvements and Subtract (f) from the

sum of (d) and (e)_______________________________________ _______________

acquisition expense of saleSEE STATEMENT 1 _______

______________ ___________________

20,000 ._______ _________ ________ ________

3 Gain, if any, from Form 4684, line 42 . . . .4 Section 1231 gain from installment sales from Form 6252, line 26 or 37 4

__________________

__________________

5 Section 1231 gain or (loss) from like-kind exchanges from Form 8824 56 Gain, if any, from line 32, from other than casualty or theft

.

.__________________

___________________

7 Combine lines 2 through 6 . Enter the gain or (loss) here and on the appropriate line as follows : ...7 20, 000 .

Partnerships (except electing large partnerships) and S corporations . Report the gain or (loss) following the instructionsfor Form 1065 Schedule K line 10 or Form 1120S, Schedule K, line 9 . Skip lines 6, 9, 11, and 12 below .Individuals, partners, S corporation shareholders, and all others . If line 7 is zero or a loss, enter the amount from line 7 online 11 below and skip lines 8 and 9 . If line 7 is a gain and you did not have any prior year section 1231 losses, or they wererecaptured in an earlier year enter the gain from line 7 as a Iongterm capital gain on the Schedule 0 filed with your return andskip lines 8, 9, 11, and 12 below .

8 Nonrecaptured net section 1231 losses from prior years (see instructions) . . . . . . . . . . . . . . . . . . . . . . 89 Subtract line 8 from line 7 . If zero or less, enter -0-. If line 9 is zero enter the gain from line 7 on line 12 below If, .

line 9 is more than zero, enter the amount from line 8 on line 12 below and enter the gain from line 9 as a long-term

.

capital gain on Schedule D filed with your return (see instructions) 9 ____________________

Ordinary Gains and Losses (see instructions)

10 Ordinary gains and losses not included on lines 11 through 16 (include oroDertv held 1 year or lessi :SEE STATEMENT 2 5,987 .

11 Loss, if any, from line 7 .___________________

12 Gain, if any, from line 7 or amount from line 8, if applicable ..11. ___________________

13 Gain, if any, from line 31 1314 Net gain or (loss) from Form 4684, lines 34 and 41a 14

___________________

__________________

15 Ordinary gain from installment sales from Form 6252, line 25 or 36

.

16 Ordinary gain or (loss) from like-kind exchanges from Form 8824 16__________________

___________________

17 Combine lines 10 through 16

.

.17 5, 987

18 For all except individual returns, enter the amount from line 17 on the appropriate line of your return and skip linesa and b below . For individual returns, complete lines a and b below :

a If the loss on line 11 includes a loss from Form 4684, line 38, column (b)(ii), enter that part of the loss here . Enterthe part of the loss from income-producing property on Schedule A (Form 1040), line 27, and the part of the lossfrom property used as an employee on Schedule A (Form 1040) line 22 Identify as from "Form 4797 line 18a "

.

, . , .See instructions ISa

_________________

b Redetermine the gain or (loss) on line 17 excluding the loss, if any, on line 18a . Enter here and on Form 1040,line 14 18b

__________________

For Paperwork Reduction Act Notice, see separate instructions .

JSA5F0933 2 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1

Form 4797 (2005)

89

Form4797(2005) 13-3062419 Page2

IJTiIlll Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions)19 (a) Description of section 1245 1250 1252 1254 or 1255 property : (b) Date acquired

(mo ., day, yr .)(c) Date sold(mo,, day, yr .)____________________________________________________________________________________________________

A

B________________

C________

D

These columns relate to the properties on lines I9A through 190 .'________________

Property A________________

Property B________________

Property C_________________

Property 020 Gross sales price (Note : See line 1 before comple'ing .) 20 _________________ _________________ _________________

21 Cost or other basis plus expense of sale 21__________________

22 Depreciation (or depletion) allowed or allowable 22 __________________

23 Adjusted basis. Subtract line 22 from line 21 * 23__________________ __________________ ___________________

24 Total gain . Subtract line 23 from line 20 . . . . . . 24

__________________ __________________ __________________ ___________________

25 If section 1245 property :a Depreciation allowed or allowable from line 22 .

.

25a

__________________ __________________ __________________ ___________________

b Enter the smaller of line 24 or 25a 25b

26 If section 1250 property : If straight line depreciation wasused, enter -0- on line 269, except for a corporation subjectto section 291 .

a Additional depreciation after 1975 (see instructions) 6a

_________________

________________

_________________

________________

_________________

________________

__________________

b Applicable percentage multiplied by the smaller ofline 24 or line 26a (see instructions) . . . . . . . . .__________________ __________________ __________________

__________________

c Subtract line 26a from line 24. If residential rental propertyor line 24 is not more than line 26a, skip lines 26d and 26e 26c ___________________ ___________________ ___________________

___________________

d Additional depreciation after 1969 and before 1976 26d __________________ __________________

____________________

e Enter the smaller of line 26c or 26d . . . . . . . .26e__________________

________________ ________________ ________________

___________________

f Section 291 amount (corporations only) . . . . . 26 __________________ __________________

_________________

g Add lines 26b, 26e, and 26f 2__________________ ___________________

27 If section 1252 property : Skip this section if you did notdispose of farmland or if this form is being completed for apartnership (other than an electing large partnership) .

a Soil, water, and land clearing expenses

.

27a

_________________

_________________

_________________

_________________

_________________

_________________

__________________

b Line 27a multiplied by applicable percentage (see Instructions) .

___________________

c Enter the smaller of line 24 or 27b . 27c

__________________________ __________________________ _________________________ ___________________________

28 If section 1254 property :a Intangible drilling and development costs, expenditures for

development of mines and other natural deposits, andmining exploration costs (see instructions) . . . . . . . 28

__________________ __________________

_____________________

__________________

_____________________

___________________

b Enter the smaller of line 24 or 28a 28b______________________ _______________________

29 If section 1255 property :a Applicable percentage of payments excluded fromincome under section 126 (see instructions)

__________________ __________________ __________________ ___________________

. . .

b Enter the smaller of line 24 or 29a (see instructions) __________________ __________________ __________________ ___________________

Summary of Part Ill Gains . Complete property columns A through D through line 29b before going to line 30 .

30 Total gains for all properties . Add property columns A through D, line 24 . . . . . . . . . . . . . . . . . . . . . . .

31 Add property columns A through D, lines 25b, 26g, 27c, 28b, and 29b . Enter here and on line 13 . . . . . . . . . . . . i. _________________

32 Subtract line 31 from line 30 . Enter the portion from casualty or theft on Form 4684, line 36 . Enter the portionfrom other than casualty or theft on Form 4797, line 6 32

___________________

ITIY1 Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less(see instructions)

(a) Section (b) Section179 280F(b)(2)

33 Section 179 expense deduction or depreciation allowable in prior years34 Recomputed depreciation (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .35 Recapture amount . Subtract line 34 from line 33 . See the instructions for where to report * .

Form 4797 (2005)

JSASF0934 2.000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 90

INTREPID MUSEUM FOUNDATION, INC 13-3062419Supplement to Form 4797 Part! Detail

Date Date Gross Sales Depreciation Allowed Cost or Other Gain or (Loss)Description Acquired Sold Price or Allowable Basis for entire year

SALE OF BARGE 05/01/1995 10/31/2005 20,000 . 119,781 . 119,781 . 20,000 .

otals___________ ____________ ____________ 20,000 .

JSA5XA258 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 91 STATEMENT 1

INTREPID MUSEUM FOUNDATION, INCSupplement to Form 4797 Part II Detail

13-3062419

DescriptionDate

AcquiredDateSold

Gross SalesPrice

Depreciation Allowedor Allowable

Cost or OtherBasis

Gain or (Loss)for entire year

1110 SH SIMON PRTY 05/31/2005 06/30/2005 78,423 . ___________ 75,436 . 2,987 .4 . DEMENJON VARIOUS 08/19/2005 3,000 . ___________ 3,000 .___________

otals____________ ____________ ____________ ____________ 5,987 .

JSAXA29 1 .000

59839H 1608 01/16/2007 18 :18 :44 V05-8 .1 518892-1 - 92 - STATEMENT 2

finairetiss - intrepid museum

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