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

benefit trust or private foundation) Department of the Treasury Internal Revenue Service " The organization may have to use a copy of this return to satisfy state reporting requirements .

OMB No 1545-0047

2003

20 D Employer Identification number

54 ;0505888 Room/suite I E Telephone number

(757) 229-1000

F Accounting method : U Cash IU Accrual 0 Other (specify) Do-

H and I are not applicable to section 527 or, ~a,nizations . H(a) Is this a group return for affiliates? L1 Yes D No H(b) If "Yes," enter number of affiliates 1~ . . . . . . . . . . . . . . . H(c) Are all affiliates included? El Yes El No

(If "No," attach a list . See instructions .) H(d) Is this a separate return filed by an

organization covered by a group ruling? 0 Yes FX-1 No I Group Exemption Number M Check " El if the organization is not required

to attach Sch . B (Form 990, 990-EZ, or 990-PF) .

G Website : " www

J Organization type (check only one) " [K 501(c) ( 3 ) .4 (insert no.) D 4947(a)(1) or 0 527

K Check here " 0 if the organization's gross receipts are normally not more than $25,000. The organization need not file a return with the IRS, but if the organization received a Form 990 Package in the mail, it should file a return without financial data . Some states require a complete return .

L Gross receipts : Add lines 6b, 8b, 9b, and 10b to line 12 Revenue Expenses, and Changes in Net Assets or Fund Balances See a e 18 of the instructions .

1 Contributions, gifts, grants, and similar amounts received : o a Direct public support . . . . . . . . . . , 1a 23 ,995,971

b Indirect public support . c Government contributions (grants) . . . . . . . . Ic 1 , 463,029

Al d Total (add lines 1a through 1c) (cash $ 23,982,376 noncash $ 1,476,624 ~ 25459000

2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 49,896,185

3 Membership dues and assessments . . . . . . , 4 Interest on savings and temporary cash investments . . . . . . . . . . . 4 475,648 5 Dividends and interest from securities 5 7,954,116 6a Gross rents . . . . . . . . . 6a , . . 14 990 .173

b Less : rental expenses . . . . . . . . . . . , , 6b 9,839,331 c Net rental income or (loss) (subtract line 6b from line 6a) . . . . . . . . . , 6c 5,150,842

7 Other investment income (describe " ) 7

d 8a Gross amount from sales of assets other IN securities (B) Other

than inventory . . . . . . . . 989 ,909,028 8a 71 ,904 b Less : cost or other basis and sales expenses . 996 ,139,876 Sb 2 ,141 ,361 c Gain or (loss) (attach schedule) . . . . (6 ,230,848) 8c (2 ,069,457)

d Net gain or (loss) (combine line Sc, columns (A) and (B)) . . . . . . . . . . , 8d ( 8 ,300 ,305)

9 Special events and activities (attach schedule) . If any amount is from gaming, check here " D a Gross revenue (not including $ of

contributions reported on line 1a) . . , . . , , , . 9a

b Less : direct expenses other than fundraising expenses 9b

c Net income or (loss) from special events (subtract line 9b from line 9a) . . , , , 9c0 10a Gross sales of inventory, less returns and allowances . , 10a 39,345,709 b Less : cost of goods sold . . . . . . . . , , , . 10b 18.218 .951 ////

c Gross profit or (loss) from sales of inventory (attach sched ct Ime 10b from line 10a) . 10c 21 ,126 ,758 11 Other revenue (from Part VII, line 103) . . . . 11 2 ,894 ,822 12 Total revenue (add lines 1d, 2, 3, 4, 5, 6c, 7, Sd, 9c, c, C~/,/ . 12 104 ,657 ,066 13 Program services (from line 44, column (B)) . . ~ . , . . 13 113 ,489 , 128 14 Management and general (from line 44, column (C) M . ~Ov ~ ~

2004 . 14 22 ,091 ,960

15 Fundraising (from line 44, column (D)) . . . . . , , . ~ j , . 15 8 ,478 ,319 u~ 16 Payments to affiliates (attach schedule) . . . . .

. 0 ~ . ~ 16

17 Total expenses (add lines 16 and 44, column (A)) . G~D~~ .(,f . . . 17 144059407 18 Excess or (deficit) for the year (subtract line 17 from line 12) . , °' 18 (39 ,402 , 341) d 19 Net assets or fund balances at beginning of year (from line 73, column (A)) . . . . 19 842 , 123 ,916 20 Other changes in net assets or fund balances (attach explanation) . . . . . . . 20 110 ,662,449 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) 21 913 ,384,024

For Paperwork Reduction Act Notice, see the separate instructions. MGA Form 990 (2003) Line 6(b)-See Att I ; Line 8-See Att. II ; Line 10-See Att. III; Line 20-See Att. XXl a~\~7

` `/

A For the 2003 calendar year, or tax year beginning , 2003, and

B Check d applicable please C Name of organization uslabel a

or SRS

0 Address change COLONIAL WILLIAMSBEfRC FOUNDATION print or Number end street (or P O box if mail is not delivered to street address Name change

EIInitial return see P.O . BOX 1776 Specific

Final return Instruc- City or town, state or country, and ZIP + 4

Amended return lions. WILLIAMSBURG, VA 23187-1776

Application pending 0 Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ).

e Other program services (attach schedule) (Grants and allocations $ ) f Total of Program Service Expenses (should equal line 44, column (B), Program services) . . . " 113,489,128 Line 22-See Att. XX; Line 42-See Att . N Form 990 (2003)

Form 990 (2003) Page

JiM Statement of garuzaUorLS mat complete column (F) . Columns (B), (C), and re required for section 501(c)(3) arid (4) organizations Functional Expenses and section 4947(a)(1) nonexempt chaMable trusts but optional for otters. (See page 22 of the instructions)

DO not include amounts reported 0I) line (B) Program (C) Management 6b, 8b, 9b, 10b, or 16 Of Part /. (A) Total services and general (D) Fundraising

22 Grants and allocations (attach schedule) . (cash $ 3,000 noncash $ ) 22 3,000 3,000

23 Specific assistance to individuals (attach schedule) 23

24 Benefits paid to or for members (attach schedule) . 24

25 Compensation of officers, directors, etc . . . 25 2,967,168 857 ,149 2 009 ,929 100,090 26 Other salaries and wages . . . . . . . 26 47,954,135 35,347,693 10,554 ,810 2 ,051 ,632 27 Pension plan contributions 28 Other employee benefits , . . . . . . 28 9,532 ,571 6 ,013 ,626 3159987 358 ,958 29 Payroll taxes . . . . . . . . . . . 29 4,421 ,965 2 ,737 ,454 1 , 521 ,483 163 ,028 30 Professional fundraising fees . . . . , , 30 205,723 0 0 205 ,723 31 Accounting fees . . . , . . . . , . 31 113 ,147 0 113 , 147 0 32 Legal fees . . . . . . . . . . , , 32 262 ,647 0 260 ,663 1 , 984 33 Supplies . . . . . . . . . . , , 33 3,003 ,980 2 ,692 ,243 254 ,500 57 237 34 Telephone . . . . . . . . . , . , 34 1 ,737 ,519 579 ,240 U26,719 31 ,560 35 Postage and shipping . . . . . . , , 35 8,308 ,185 3 ,779 ,414 47 ,545 4 , 481 ,226 36 Occupancy . . . . . . . , , , , 36 5 068 973 4 ,574 ,243 492 933 1 , 797 37 Equipment rental and maintenance . . . . 37 6,475 ,788 3 ,837 ,145 2 568 584 70 ,059 38 Printing and publications . . . . . , , 38 2,381 ,495 2 ,328 ,342 25,805 27 ,348 39 Travel . . . . . . . . . . , , . 39 749 ,037 539,119 82,839 127 , 079 40 Conferences, conventions, and meetings . , 40 540 ,877 247,636 287,026 6 , 215 41 Interest . . . . . . . . . . . . . 41 1 ,996 ,396 . 928 .869 1067 527 0 42 Depreciation, depletion, etc . (attach schedule) 42 10,618 ,475 8 ,579,560 2 ,000,282 38,633 43 Other expenses not covered above (itemize) : a See Att: V 43a 37 ,718 ,326 40 ,444,395 3481 ,819) 755 750

43b 43c 43d 43e

44 Total functional expenses (add lines 22 through 43). Organiza~ons completing columns (B)-(D), carry these totals to Imes 13-15 . 44 144,059,407 113.489.128 22,091.960 8.478.319

Joint Costs. Check " 0 if you are following SOP 98-2 . Are any joint costs from a combined educational campaign and fundraising solicitation reported m (B) Program services? . " 0 Yes S1 No If "Yes," enter () the aggregate amount of thesejoint costs $ ; (i) the amount allocated to Program services $ (iii) the amount allocated to Management and general $ ; and (v) the amount allocated to Fundraising $

Statement of Program Service Accomplishments See page 25 of the instructions

What is the organization's primary exempt purpose? "_ Educatio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Program Service

All organizations must describe their exempt achievements in a clear and concise manner . State the number Expenses

purpose (1~qued ror srn(c)Qab of clients served, publications issued, etc Discuss achievements that are not measurable . (Section 501(c)(3) and (4) (4)org-- .and 4917(4(l) organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others .)

General Programs - See Attachment VI The Historic Area is a 301-acre outdoor living museum with over 600 original and. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . reconstructed buildings.. The Foundation also operates three museums .

(Grants and allocations $ ) 111 ,691 b Special Events -.See Attachment VI

Colonial Williamsburg offers numerous educational and cultural pro_grams_for the interested amateur as well as the advanced collector and scholar.

(Grants and allocations $ ) 357 Historic Area Rental - See Attachment VI Employees have the.opportunity to rent houses and.live in.the_ Historic Area ._ During special. . . . . . . . . . . . . . . . . . . . . . . . . . . . . events,. employees may allow. the. homes to be open. to .the .general public.for tours. . . .

(Grants and allocations $ ) 1 , 440 d

(Grants and allocations $

Form 990 (2003) 0 0 Page 3

Balance Sheets (See page 25 of the instructions .)

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 . . . . . . . . . . . . . . 199,035 45 210,455

46 Savings and temporary cash investments . . . . . . . . . . 19,642 ,059 46 17 ,806,705

47a Accounts receivable . . , , , , , , 47a 4,674,821

b Less : allowance for doubtful accounts . , 47b 80 ,039 3,021 ,309 47c 4,594 ,782

48a Pledges receivable . . . . . , , , 48a 14,279,076

b Less : allowance for doubtful accounts . , 48b 15,150,486 48c 14,279 ,076

49 Grants receivable . . . . . . . . . . . . . . . . . . 49

50 Receivabies from officers, directors, trustees, and key employees (attach schedule) . . . . . . . . . . . . . . . . . . 50

51a Other notes and loans receivable (attach schedule) . . . . . . . . . . . . 51a 891,284

b Less : allowance for doubtful accounts , , 51b 1 141 739 51c 891 ,284

52 Inventories for sale or use . . . . . . . . . . . . . , , 11,706,077 52 13,381,549

53 Prepaid expenses and deferred charges . . . . 11,717,156 53 12,011,297

54 Investments-securities (attach schedule) . . . " ~ .Cost ~ .FMV 568,319 ,646 54 634,739 :838

SSa Investments-land, buildings, and equipment : basis . . . . , . . . , 55a

b Less : accumulated depreciation (attach schedule) . . . . . . . . . , , , 55b 0 55c 0

56 Investments-other (attach schedule) . , . , , 97,131,207 56 97,131,207

57a Land, buildings, and equipment: basis . , . 57a ~ 54 ,9i8 , 2'97

b Less : accumulated depreciation (attach ///// schedule) . . . . , .

~ , , 57b 168,298,054 374,419,930 57c 376,630,243

58 Other assets (describe " See Att.Xl ) 28,855 ,564 58 47,551 ,945

59 Total assets (add lines 45 through 58) (must equal line 74) . 1,131,304,208 59 1,219,228,381

60 Accounts payable and accrued expenses . . . . . . . . . . 24 ,629 ,595 60 21 ,523 ,804 61 Grants payable . , . . , , . . 62 Deferred revenue . . . . . . . . . . . . . . . . . . 62

- WE 63 Loans from officers, directors, trustees, and key employees (attach 63 R schedule) . . . . . . . . . . . . . . . . . . . . .

2 64a Tax-exempt bond liabilities (attach schedule) . . . . , , , . 68,120,000 64a 68,120,000

b Mortgages and other notes payable (attach schedule) , . . . . 159,606 ,016 64b 175,559 ,133 65 Other liabilities (describe " See Att . XIII ~ 36,824,681 65 40,641,420

66 Total liabilities (add lines 60 through 65) . 289 , 180 ,292 66 305,844 ,357

Organizations that follow SFAS 117, check here " D and complete lines 67 through 69 and lines 73 and 74 .

c~ 67 Unrestricted . . . . . . . . . . . . . . . . . . , , 640,926 ,224 67 687 ,274 ,405 68 Temporarily restricted . . . . . . . . . , . , . , , , 38,197,824 68 44,377,122

m 69 Permanently restricted , . . . , . , , . . , , , , , , 162,999,868 69 181,732,497

c Organizations that do not follow SFAS 117, check here " El and complete lines 70 through 74 .

`0 70 Capital stock, trust principal, or current funds 71 Paid-in or capital surplus, or land, budding, and equipment fund . 71 72 Retained earnings, endowment, accumulated income, or other funds 72

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) . . . 842,123,916 73 913,384,024

74 Total liabilities and net assets / fund balances (add lines 66 and 73) I 1,131,304,208 74 1,219,228,381

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization . How the public perceives an organization in such cases may be determined by the information presented on its return . Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments . Line 51(a)-See Att . VII ; Line 54-See Att. VIII ; Line 56-See Att. IX ; Line 57-See Att. X ; Line 64-See Att. XQ

Form 990 (2003) Page 4

Reconciliation of Expenses per Audited Financial Statements with Expenses per Return

a Total expenses and losses per audited financial statements

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

(1) Donated services and use of facilities $

(2) Prior year adjustments reported on line 20, Form 990 .

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

(4) Other (specify) :

143.151

Pan N-A and B-Audited financial statements are reported on a consolidated basis with a for-profit subsidiary.

Reconciliation of Revenue per Audited Financial Statements with Revenue per Return (See page 27 of the instructions .)

a Total revenue, gains, and other support per audited financial statements . . " a 214 411'

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

(1) Net unrealized gains on investments , . $ 110,662,449

(2) Donated services and use of facilities $

(3) Recoveries of prior year grants

(4) Other (specify): . . . . . . . . . . . . . . . . . . . . . .

Add amounts on lines (1) through (4) " b 110,662 ,449 --------- $ 0

Add amounts on lines (1) through (4)" b 0

c Line a minus line b. . . . . . " c 103 749 047 c Line a minus line b . . . . . " c 143 151 388

d Amounts included on line 12, d Amounts included on line 17, Form 990 but not on line a: Form 990 but not on line a:

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

(2) Other (specify): (2) Other (specify):

Add amounts on lines (1) and (2) " d 0 Add amounts on lines (1) and (2) " d 0 e Total revenue per line 12, Form 990 e Total expenses per line 17, Form 990

line c plus line d . , " [eT 103,749,047 (line c plus line d , " 8 143,151,388

,/ List of Officers, Directors, Trustees, and Key Employees (List each one even if not compensated ; see page 27 of the instructions .)

(B) Title and average hours per (C) Compensation I (D) contributions to I (E) Expense (ly Name and address (H not paid, enter employee benefit plans & account and other week devoted to position _0-.) deferred wmoensation allowances

Sec Attachments XIV and XV

75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your organization and all related organizations, of which more than $10,000 was provided by the related organizations? " E]Yes D No If "Yes," attach schedule-see page 28 of the instructions .

Form 990 (2003)

28 of the instructions . Other Information

b If "Yes," enter the name of the organization " ___ ._ . . . . ._ .___ ._ . . ._ ._ ._ . . ._ ._ ._ . . . .__ ._ . .___ .___ . . . ._ . ._ ._ ._ . ._ .__ . .

.--------------- .---------------------------------- and check whether it is D exempt or D nonexempt.

81a Enter direct and indirect political expenditures . See line 81 instructions . . . 181a I b Did the organization file Form 1120-POL for this year? . . . . . . . .

82a 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 amount as revenue in Part I or as an expense in Part II . (See instructions in Part III .) . . 182b I

83a 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?

84a 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?

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

c Dues, assessments, and similar amounts from members . , . . , , , . 85c

d Section 162(e) lobbying and political expenditures . . . . . . . , , . 85d

e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices . . , 85e f Taxable amount of lobbying and political expenditures (line 85d less 85e) . , 85f g 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 . . , , 87a

b Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them .) . . . . . . , , . 87b

85h

Line 82-During 2003, approximately 900 volunteers contributed services, primarily in Education, Museums and Collections, and the Library. The value of the services is not available .

Form 990 (2003)

76 Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed description of each activity 77 Were any changes made in the organizing or governing documents but not reported to the IRS?

If "Yes," attach a conformed copy of the changes. 78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? . b If "Yes," has it fled 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 80a Is the organization related (other than by association with a statewide or nationwide organization) through common

membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? .

Page rJ Yes No

76 X 77 X

78a X 78b X 79 X

81b X

82a X

83a 83b 84a x

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 .7701-2 and 301 .7701-37 If "Yes," complete Part IX . . . . . . . . . . . . . . , , , 88 X

89a 501(c)(3) organizations . Enter: Amount of tax imposed on the organization during the year under: section 4911 " ; section 4912 " ; 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 a statement explaining each transaction . . . , . . . . . . , . . . . . . . . . . . . 89b X

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

d Enter: Amount of tax on line 89c, above, reimbursed by the organization . 90a List the states with which a copy of this return is filed " see Attachment XIX

b Number of employees employed in the pay period that includes March 12, 2003 (See instructions .) 1 90b 1 1,708

91 The books are in care of " Colonial Williamsburg_Foundation_ . . _ _ _ _ . . . . _ . _ . . . . . . . Telephone no. " (757) 229-1000 . . . . Located at " P.O . . Boz_1776, W illiamsburp, VA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ZIP + 4 " . . 23187-1776

92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041-Check here . . . . . . . " 0 and enter the amount of tax-exempt interest received or accrued during the tax year " 1 92 1

Form 990 (2003)

Information Regarding Taxable Subsidiaries and Disregarded Entities See page 34 of the instructions . A B

Name, address, and EIN of corporation, Perce~tage of Nature of activities Total('Dncome End oE,year partnershi p , or disregarded anti ownership interest assets

Colonial Williamsburg Company 100.00 a/o Hotel & Restaurant 56,713,437 23,460,391 P.O . Bo : 1776 Williemsburg, VA 23187-1776 54-1254106

Information Regarding Transfers Associated with Personal Benefit Contracts (See page 34 of the instructions .)

(a) Did the organization, during the year, receive any funds, directly or indirect) (b) Did the organization, during the year, pay premiums, direct Note : If "Yes" to (b), file Form 8870 and Form 4720 (see inst

Under penalties of perjury, I declare that I have examined this return, in end ballet, it is true, correct, end complete . Declaration of preparer (o

Please Sign 's. nacure or officer Here

' Katherine H. Whitehead Type or print name and title .

Paid PreParer's'

Preparer's signature

Firm's name for yours Use Only ii self-employed),

address, and ZIP + 4

Form 990 (2003) Page 6

Anal sis of Income-Producing Activities See page 33 of the instructions . Note: Enter gross amounts unless otherwise Unrelated business income Excluded by section 512, 513, or 514 (E)

Related or indicated. (A) (B) (C) (D) exempt function

Business code Amount Exclusion code Amount income 93 Program service revenue : Admissions 24,442,122 Royalties 15 2,662,386 Taverns & Colonial Houses 19,306,792 Historic Area Rentals 16 685,320 See Att. XXII 42 50,000 2,749,565

f Medicare/Medicaid payments . g Fees and contracts from government agencies

94 Membership dues and assessments 95 Interest on savings and temporary cash investments 900003 338,075 137,573

96 Dividends and interest from securities . . . 14 7,928,927

97 Net rental income or (loss) from real estate : e debt-financed property . . . . , , , . 531110 21,765

b not debt-financed property . . . , , , , 900003 275,411 16 4,853,666

98 Net rental income or (loss) from personal property 99 Other investment income . , , , , , . 525990 25,189

100 Gain or (loss) from sales of assets other than inventory 900003 (1,056,913) 18 (7,243,392)

101 Net income or (loss) from special events 102 Gross profit or (loss) from sales of inventory . 453220 5,030,800 16,095,958

103 Other revenue : e Miscellaneous 03 2,470,369 Theatre 511120 172,566 Advertising 323100 79,393 Parking Fees 03 172,494

e 104 Subtotal (add columns (B), (D), and (E)) . , 4,886,286 11,717,343-- 62,594,437 105 Total (add line 104, columns (B), (D), and (E)) . . , . . . . . . . , , , . . . . " 79,198,066 Note : Line 105 plus line 1d, Part l, should equal the amount on line 12, Part l.

Relationshi of Activities to the Accomplishment of Exempt Purposes See page 34 of the instructions . Line No . Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment

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

SCHEDULE A Orgaleation Exempt Under Section "1(c)(3) (Form 990 Of 990-EZ) (Except Private Foundation) and Section 501(e), 5010, 501(k),

501(n), or Section 4947(a)(1) Nonexempt Charitable Trust

Department of the Treasury Supplementary Information-(See separate instructions.)

Internal Revenue Service " MUST be completed by the above organizations and attached to their Form 990 or 990-E2 2003

Name of the organization

COLONIAL WILLIAMSBURG FOUNDATION Employer Identification number

54 ;0505888

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 (b) Title and average hours (d) Contributions to (e) Expense than $50,000 per week devoted to position (c) Compensation employee benefit plans 8 account and other

I ~ deferred camoensation allowances

Danny McDaniel Director

37.5 Williamsburg, VA 23185 112,581 I 13.288 I 0

Hunton & Williams

Legal Richmond, VA 23219 292,551 Total number of others receiving over $50,000 for professional services . . " 11

For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ. MGA Schedule A (Form 990 or 99o-EZ) 2003

OMB No. 1545-0047

Carl Beard, Jr. Director 37.5

(resigned in 2003) Williamsbure . VA 23185

Cynthia Williamson Director

Williamsbure, VA 23185 37.5

Douglas Marty Director

37.5 Williamsburg, VA 23185

156,935 I 13,578 I 0

123,299 I 20,729 I 0

116,758 1 4,608 I 0

Amy Cherry Controller

37.5 Williamsburg, VA 23185 109,561 11,030 0 Total number of other employees paid over $50,000 . . . . . . . " 261

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 none, enter "None.")

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

Arnold Worldwide LLC

Boston, MA 02284 Advertising

6,863,774

Warfield & Walsh, Inc .

Direct Marketing Alexandria, VA 22314 1.384 .110

Columbia Direct Marketing Corp

Annapolis, MD 21401 Direct Marketing

1

Quad/Graphics Inc.

Atlanta, GA 31193 Graphic Design/Printing

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

5 El A church, convention of churches, or association of churches . Section 170(b)(1)(A)(i) . 6 0 A school . Section 170(b)(1)(A)(ii) . (Also complete Part V .) 7 0 A hospital or a cooperative hospital service organization . Section 170(b)(1)(A)(iii) . 8 0 A Federal, state, or local government or governmental unit . Section 170(b)(1)(A)(v) . 9 D 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 F-1 An organization operated for the benefit of a college or university owned or operated by a governmental unit . Section 170(b)(1)(A)(iv) .

(Also complete the Support Schedule in Part IV-A .) 11a D An organization that normally receives a substantial part of its support from a governmental unit or from the general public .

Section 170(b)(1)(A)(vi) . (Also complete the Support Schedule in Part IV-A .) 11b 0 A community trust . Section 170(b)(1)(A)(vi) . (Also complete the Support Schedule in Part IV-A .) 12 ~ An organization that normally receives : (1) more than 331/~% 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 33Y3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2) . (Also complete the Support Schedule in Part IV-A .)

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

Provide the following information about the supported organizations . (See page 5 of the instructions.) (b) Line number

from above (a) Name(s) of supported organization(s)

14 ED 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-E2) 2003

Line 2-See Att. XVII ; Line 3-See Att. XVIII

Schedule A (Form 990 or 990-EZ) 2003 1101 " Page

EOM Statements About Activities (See page 2 of the instructions .) Yes No

1 During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paid or incurred in connection with the lobbying activities " $ (Must equal amounts on line 38, Part VI-A, or line i of Part VI-B .) . . . . . . . . . . . . . . . . . . . . . . . . . . 1 X Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A . Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities .

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

a Sale, exchange, or leasing of property? . . . . . . . . . . . . . . . . . . . . . . . 2a X b Lending of money or other extension of credit? . . . . . . . . . . . . . . , , , , , , , 2b X c Furnishing of goods, services, or facilities? . . , . . . , , , , , , , , , , , , , , , , 2c X d Payment of compensation (or payment or reimbursement of expenses if more than $1,000)? , . . . . , 2d X e Transfer of any part of its income or assets? . . . . . . . , , , . . . . . . , . , . . . 2e X

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

b Do you have a section 403(b) annuity plan for your employees? . . . . . . . . . . . . . , , , 3b X 4 Did you maintain any separate account for participating donors where donors have the right to provide advice

on the use or distribution of funds? . . 4 X

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

c Add : Amounts from column (e) for lines: 15 133,770,561 16 0

17 294,636,898 20 0 21 0 . , , . , . ~ 27c 428,407,459

d Add : Line 27a total , 9,988,004 and line 27b total . . 0 . . , , , . ~ 27d 9,988,004

e Public support (line 27c total minus line 27d total) . . . . . . . . . , , , ~

, , , , , " 27e 418;419,455

f Total support for section 509(a)(2) test : Enter amount from line 23, column (e) . . " 27i 533,520,337

g Public support percentage (line 27e (numerator) divided by line 27i (denominator) . . . . . . " 279 78.43 h Investment income percentage (line 18, column (e) (numerator) divided by line 27f (denominator). lo- _ I 27h ~ 19.91

28 Unusual Grants : For an organization described in line 10, 11, or 12 that received any unusual grants during 1999 through 2002, 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 brief description of the natu re 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) 2003

Schedule A (Form 990 or 990-EZ) 2003 " ' Page

Support Schedule (Complete only if you checked a box on line 10, 11, or 12 .) Use cash method of accounting. Note: You may use the worksheet in the instructions for converting from the accrual to the cash method of accounting . Calendar year (or fiscal year beginning in) . " (a) 2002 (b) 2001 (c) 2000 (d) 1999 (e) Total 15 Gifts, grants, and contributions received . (Do

not include unusual grants . See line 28 .) . . 31 , 120 ,662 31 ,069,221 42,290,549 29 ,290 , 129 133 ,770 , 561 16 Membership fees received , p 17 Gross receipts from admissions, merchandise

sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc ., purpose . , 69 ,399 ,312 72 ,612,135 76,762 ,468 75 ,862 ,983 294 ,636 ,898

18 Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 . 28 ,563 ,976 31 ,698 ,284 27,875,950 18 ,070 , 8 25 106 ,209 ,035

19 Net income from unrelated business activities not included in line 18 . . . . n I n a16 2'7s)1 (I ?A 2n0J aaR III a I (I n4F I a7)

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

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

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

23 Total of lines 15 through 22 . . 129 ,083 ,950 133 963 365 146 800 671 123,672,351 533 ,520 ,337 24 Line 23 minus line 17 . . 59 , 684 ,638 61 351 230 70 038 203 47 809 368 238 ,883 ,439 25 Enter 1 % of line 23 . 1 , 290 ,840 , 1 1339,634 1 ,468 ,007 1 , 23 6 724

26 Organizations described on lines 10 or 11 : a Enter 2% of amount in column (e), line 24 . . , . " 2

b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental unit or publicly supported organization) whose total gins for 1999 through 2002 exceeded the ~~ amount 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) . . . . . . . . . . . . . " 2 d Add : Amounts from column (e) for lines : 18 19

22 26b . . , . . . " 26d e Public support (line 26c minus line 26d total) . . . . . . . . . . , . . . . . . . " 26e f Public support percentage (line 26e (numerators divided by line 26c (denominator)) . " 26t

27 Organizations described on line 12 : a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person ." Do not file this list with your return . Enter the sum of such amounts for each year:

(2002) . . . . . . . . 5,192_567-

. . . . . .. (2001) -------2,535,331--------- (2000) ---------986,328--------- (1999) . . . . . . . . 1,273,778.--------

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 computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year : (2002) --------------------------- (2001) --------------------------- (2000) --------------------------- (1999) ---------------------------

35 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05 of Rev. Proc . 75-50, 1975-2 C.B . 587, covering racial nondiscrimination? If "No ." attach an explanation

Schedule A (Form 990 or 990-EZ) 2003

Schedule A (Form 990 or 990-EZ) 2003 . 7 Page

Private School Questionnaire (See page 7 of the instructions .) (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? . . . . , , . . . . . . . . 29

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? . . . . . . . . . . . . . . . . . . . . . . , . , , , 30

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

32 Does the organization 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 nondiscriminatory

basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32b

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

d Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . , , 32d

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? . . . . , . . . . . . . . . . . . . .

c Employment of faculty or administrative staff? . . . . . . . . . .

d Scholarships or other financial assistance? . . . . . . . . . . .

e Educational policies? . . . . . . . . . . . . . . . , . .

t Use of facilities? . . . . . . . . . . . . . . . . . . . . .

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

h Other extracurricular activities? . . . . . . . . . . , . . . . .

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

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

b 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.

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

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

If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities . Schedule A (Form 990 or 990-EZ) 2003

Schedule A (Form 990 or 990-EZ) 2003 i 0 Page J Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions .) (To be completed ONLY by an eligible organization that filed Form 5768)

Check " a D if the organization belongs to an affiliated group . Check " b F] if you checked "a" and "limited control" provisions apply. b

Limits on Lobbying Expenditures Affiliated group To be completed

for ALL electing (The term "expenditures" means amounts paid or incurred .) totals organizations

36 Total lobbying expenditures to influence public opinion (grassroots lobbying) 36 0 37 Total lobbying expenditures to influence a legislative body (direct lobbying) . . . . . 37 0 38 Total lobbying expenditures (add lines 36 and 37) . . 39 Other exempt purpose expenditures . . . . . . , , . . . . . . . . . 39 143,151,388

40 Total exempt purpose expenditures (add lines 38 and 39) . . . . . . . . , , , 40 143 151388

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 l Over $500,000 but not over $1,000,000 . . $100,000 plus 15% of the excess over $500,000 I Over $1,000,000 but not over $1,500,000 . $175,000 plus 10% of the excess over $1,000,000 41 0 1 ,000,00 0

Over $1,500,000 but not over $17,000,000 . $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 . . . . . . . . $1,000,000 .

42 Grassroots nontaxable amount (enter 25% of line 41) . . . . . . . . . . . , 42 250 ,000 43 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36 . . . , , , , 43 0

44 Subtract line 41 from line 38. Enter -0- if line 41 is more than line 38 . . . 44 0

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

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 (a) (b) I (c) I (d) I (e) fiscal year beginning in) " 2003 2002 2001 2000 Total

45 Lobbying nontaxable amount . . . . . . 1 1.000.000 1

46 Lobbying ceiling amount (150% of line 45(e)) .

47 Total lobbying expenditures . . . . . . 0 ~ 6,000 ~ 111,190 106,174

48 Grassroots nontaxable amount

49 Grassroots ceiling amount (150% of line 48(e))

50 Grassroots lobbying expenditures . . . . I 0 1 0 ~ 0 ~ 0 ~ 0 Lobbying Activity by Nonelecting Public Charities (For reporting only by organizations that did not complete Part VI-A) (See page 12 of the instructions .

Schedule A (Form 990 or 990-EZ) 2003 " 0 Page 6 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 12 of the instructions .)

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

a Transfers from the reporting organization to a noncharitable exempt organization of: Yes No

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

b Other transactions : (i) Sales or exchanges of assets with a noncharitable exempt organization . . . . . . . . , , , b (i ) X

(ii) Purchases of assets from a noncharitable exempt organization . . . . . . . . . . . , , , b ii X

(iii) Rental of facilities, equipment, or other assets . . . . . . . . . . . . . . . , , , , b(iii) X

(iv) Reimbursement arrangements . . . . . . . . . . . . , . . . . . . , , , . , b iv X

(v) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . , , , , b y X X (vi) Performance of services or membership or fundraising solicitations , . . . . . . . , , , . -M !L

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . , , c X

d If the answer to any of the above is "Yes," complete the following schedule . Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization . If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received .

52a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527? . . . . . . " D Yes 0 No

0

Attachment I

Total $ 9,839,331

Colonial Williamsburg Foundation E.I.N . 54-0505888 Rental Expenses Form 990-Part I-Line 6(b) For the year ended 12/31/03

Depreciation $ 4,143,835 Interest 3,082,263 Maintenance 837,259 Property Lease 151,227 Advertising 748,321 Property Tax 207,823 Utilities 193,840 Miscellaneous 297,481 Property Management 21,848 Contracted Services 26,506 Supplies 3,675 Income Taxes 125,253

COLONIAL WILLIAMSBURG FOUNDATION Attachment II E.1 N 54-0505888 GAIN OR LOSS ON SALE OF ASSETS FORM 990 - PART I - LINE 8(B) FOR THE YEAR ENDED 12/31/03

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS)

85 GMC Van 5/1/86 1/24/03 1,330 19,992 19,992 0 1,330 85 Ford Dump Truck 8/31/85 1/24/03 1,684 17,384 17,384 0 1,684 Forklift Truck,Model 586E 1/1/87 1/24/03 12,855 31,461 31,461 0 12,855 87 Ford Dump Truck 1/1/88 1/24/03 2,128 17,365 17,365 0 2,128 GMCDump Truck,1985 4/30/85 1/24/03 3,191 18,138 18,138 0 3,191 Ford, E I50 Van, 1996 3/31/96 1/24/03 3,546 17,383 17,383 0 3,546 1999 Honda Accord 1/29/99 3/28/03 9,000 4,366 0 4,366 4,634 Sony Videotape Camera 6/1/84 I/I/03 0 3,931 3,931 0 0 TVNCR I/I/90 1/1/03 0 1,543 1,447 96 (96) File Cabinets Various I/I/O7 0 3,024 3,024 0 0 Bolmg Desk Sec Walnut 6/1/83 I/I/03 0 509 509 0 0 Furniture I/I/76 1/1/03 0 12,013 12,013 0 0 Typewriters Various I/I/03 0 5,842 5,842 0 0 Safe 6/1/83 1/1/03 0 858 858 0 0 Portable Exhibit 6/1/82 I/I/03 0 3,157 3,157 0 0 Typewriters Venous I/I/03 0 6,404 6,404 0 0 GAB/PTB Renovation 8/31/99 1/1/03 0 24,308 2,076 22,232 (22,232) PC Wiring andParts I/I/94 1/1/03 0 1,161 1,161 0 0 IBM PC 1/1/94 1/1/03 0 1,640 1,640 0 0 Printer, HP Laseqet IV I/I/94 I/I/03 0 1,502 1,502 0 0 Work Station 8/31/99 1/1/03 0 15,154 6,472 8,682 (8,682) Furnace, Jackson & Church I/I/94 I/I/03 0 15,660 9,111 6,549 (6,549) Group Arrivals Bwldmg 6/1/69 I/I/03 0 190,639 161,298 29,341 (29,341) Group Arrivals Building 6/1/82 I/I/03 0 7,290 3,823 3,467 (3,467) Group Amvnls Building 6/1/85 1/1/03 0 12,000 5,485 6,515 (6,515) Blgd Canopy Imps 8/1/90 I/I/03 0 39,124 12,214 26,910 (26,910) Gutter Replacement 1/1/91 I/I/03 0 8,412 2 .414 5,978 (5,978) Group Arrivals Building 6/1/77 1/1/03 0 670 670 0 0 Fiber Optics undNetwork Parts 8/31/93 I/I/o3 0 3,237 3,237 0 0 Laptop PC 1/1/94 1/1/03 0 2,146 2,146 0 0 HP Laseqet III I/I/91 I/I/O7 0 2,477 2,477 0 0 Printer, HP Luseqct SP I/I/97 I/I/03 0 924 924 0 0 Carpet Tile I/I/90 1/1/03 0 18,521 18,521 0 0 3-D Plantation Pant I/I/90 I/I/03 0 2,059 2,059 0 0 Fax, Murntec F-60 I/I/97 I/I/03 0 1,034 1,034 0 0 Misc Modular Furniture 5/31/97 7/1/03 0 17,106 13,097 4,009 (4,009) Bookcases, 6 5/31/97 7/1/03 0 4,093 3,133 960 (960) Chairs, Blue Upholstery 5/31/97 7/8/03 0 1,829 1,400 429 (429) NTSC/RGB Color Monitors 6/1/85 7/8/07 0 8,559 8,559 0 0 Point ofSale Equipment I/I/94 7/11/03 0 2,272 2,272 0 0 Crash System I/I/92 7/11/03 0 1,009 1,009 0 0 Ice Makers Various 7/11/03 0 11,724 11,724 0 0 BcrkeIFood Slicer 9/1/77 7/11/03 0 996 996 0 0 Amnna Microwave 6/30/79 7/11/03 0 1,061 1,061 0 0 HobnrIMeat Slica 6/1/81 7/11/03 0 1,039 1,039 0 0 Hydro Blitz Pressure Wash 6/1/81 7/11/03 0 1,280 1,280 0 0 Hobnrt Range 6/1/81 7/11/03 0 734 734 0 0 Coffee Um 6/1/83 7/11/03 0 2,081 2,081 0 0 Dish Machine, Kolbe 2/29/92 7/11/03 0 31,848 31,848 0 0 Fryer with Casters 7/31/96 7/11/03 0 2,867 2,509 358 (358) LenfBlower 6/1/83 I/I/03 0 655 655 0 0 Computer Dial-In Equip Modem I/I/96 7/11/03 0 27,167 27,167 0 0 Network Protocol Analyzer 4/30/97 7/11/03 0 5,350 5,350 0 0 CAB/ORG/9 Slot 10/31/98 7/11103 0 143 136 7 (7) M900Power Supply &PwrCord 10/31/98 7/11/03 0 7,762 3,574 188 (188) 32 Port Ethemet IOBT/RJ1 10/31/98 7/11/03 0 8,925 8,478 447 (447) 12 P Fasmet-10-100 10/31/98 7/11/03 0 8,201 7,791 410 (410) Network Processor Module 10/31/98 7/11/03 0 19,411 18,441 970 (970) Nwoys L¢n Routeswrtch 10/31/98 7/11/03 0 5,981 5,682 299 (299) Nwnys Lan Routeswitch 10/31/98 7/11/03 0 5,981 5,682 299 (299) PwrUps60HzUnmterrupnble 10/31/98 7/11/03 0 1,294 1,230 64 (64) 4 IBM 3196 B10 Terminal 1111/88 7/11/03 0 3,640 3,640 0 0 12 IBM 3197 CRT Terminals I 1/1/88 7/11/03 0 18,964 18,964 0 0 IBM 3196 Terminals I 1/1/88 7/11/03 0 16,866 16,866 0 0 Tape Dnve,IBM 1/2 Inch 1/31/94 7/11/03 0 15,002 15,002 0 0 Simple Network Management Protocol Venous 7/11/03 0 5,124 4,254 870 (870)

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS) Hub Power Backup w/Cable 5/31/99 7/11/03 0 1,956 1,630 326 (326) Hub Router 5/31/99 7/11/03 0 5,065 4,221 844 (844) Ethemct PMC Hub 5/31/99 7111/03 0 550 458 92 (92) Wide Area Network Hub 5/31/99 7/11/03 0 1,001 835 166 (166) Hub 524 PC Machine w/9FT Cable 5/31/99 7/11/03 0 5,572 4,643 929 (929) Hub 2Pt Frnet Fdx/Mm Uplmk 5/31/99 7/11/03 0 1,846 1,538 308 (308) STNMP 6/21/00 7/11/03 0 1,809 1,116 693 (693) HP Dlt Backup System 7/12/00 7/11/03 0 21,494 12,896 8,598 (8,598) HP DLT7000 Upgrade 7/12/00 7/11/03 0 8,786 5,272 3,514 (3,514) Arcttkit Advanced Edition 7/12/00 7/11/03 0 973 584 389 (389) Arcservrt for MS SQL Server 7/12/00 7/11/03 0 743 446 297 (297) Adaptex UW Pro Kit 7/12/00 7/11/03 0 475 285 190 (190) Punter, Kyocern I/I/95 7/11/03 0 5,881 5,881 0 0 Punter, Xerox 4220 MRP Laser 7/31/95 7/11/03 0 9,771 9,771 0 0 Muilorda Auto/Software I/I/SS 7/11/03 0 83,087 83,087 0 0 Software, Net Xruy 4/30/97 7/11/03 0 1,584 1,584 0 0 HVAC Conversion HT Pumps 12/31/91 7/1/03 0 382,007 299,060 82,947 (82,947) Cooling Tower Rebuild 6/30/94 7/1/03 0 10,928 6,586 4,342 (4,342) Wing I Guest Rooms Rrnov 4/1/86 7/1/03 0 250,887 106,932 143,955 (143,955) Wing 2 Guest Rooms Rrnov 4/1/86 7/1/03 0 250,887 106,932 143,955 (143,955) Wing 3 Guest Rooms Renov 4/1/86 7/1/03 0 250,887 106,932 143,955 (143,955) Tub Wall Systems 1/31/94 7/1/03 0 1,830 415 1,415 (1,415) TublinersWith Chrome Fixtures I/JI/94 7/1/03 0 27,403 6,218 21,185 (21,185) Wall Panels, Smoke Detectors 6/30/94 7/1/03 0 318,680 71,804 246,876 (246,876) Bathtub Liners 3/31/94 7/1/03 0 26,807 6,065 20,742 (20,742) Fence, Decorative, Chippendale 3/31/94 7/1/03 0 2,454 555 1,899 (1,899) Sprinkler System lnRooms I/I/94 7/1/03 0 18,255 4,142 14,113 (14,113) Water Valves, 20, m Underground (/31/97 7/1/03 0 36,018 5,466 30,552 (30,552) ShufllebonrsCourts 2/29/92 7/1/03 0 16,245 9,067 7,178 (7,178) Table Tennis Courts 2/29/92 7/1/03 0 2,324 1,297 1,027 (1,027) 4 Recepmbles, 24 Gal 2/29/92 7/1/03 0 1,525 851 674 (674) Drinking Fountain 2/29/92 7/1/03 0 1,468 819 649 (649) Jogging Trail 2/29/92 7/1/03 0 4,023 2,246 1,777 (1,777) Benches, Stationary 2/29/92 7/1/03 0 1,445 806 639 (639) Shuffleboard Box 3/31/92 7/1/03 0 523 291 232 (232) Pool Fence 10/30/95 7/1/03 0 5,190 2,056 3,134 (3,134) Wiring forComputer Connection 10/31/95 8/IS/03 0 26,949 26,949 0 0 Various Token Ring, Lnn Parts I/JI/97 B/IS/03 0 8,263 8,263 0 0 Network Controller (/31/97 B/IS/OJ 0 4,648 4,648 0 0 Computer Networking for Ascend 3/1/98 8/13/03 0 29,803 29,803 0 0 Computers Various B/IS/OJ 0 19,382 19,382 0 0 Lasajot IV Punter 10/31/94 8/15/03 0 1,553 1,553 0 0 Lnseqet4+Printer 3/31/95 8/15/03 0 1,547 1,547 0 0 Laserjel4SlPrinter 4/30/95 8/15/03 0 3,941 3,941 0 0 Color Monitor 4/70/93 8/15/03 0 1,306 1,306 0 0 PC-Macintosh 9/30/96 8/15/03 0 5,445 5,445 0 0 Apple Printer 9/30/96 8/15/03 0 6,791 6,791 0 0 Laser Printer 6/30/93 8/15/03 0 1,490 1,490 0 0 OCLC Hardware I/I/91 B/IS/03 0 5,938 5,938 0 0 Sys 38 Terminal 1/1/86 8/15/03 0 2,089 2,089 0 0 Sy5J8Terminal 1/1/86 8/15/03 0 2,089 2,089 0 0 Terminal-HAPO 6/1/86 8/15/03 0 3,417 3,417 0 0 IBM-CRT I/I/89 8/15/03 0 1,110 1,110 0 0 Terminals-Memorex (/31/92 B/IS/03 0 1,524 1,524 0 0 Comp Network 1/31/92 8/15/03 0 1,866 1,866 0 0 Lnseqet Printers Various 8/15/03 0 14,422 14,422 0 0 Geobase&AutocndSoftware I/I/90 8/15/03 0 8,374 8,374 0 0 Inventory Control System (/31/92 8/15/03 0 19,409 19,409 0 0 Inventory Control System 12/31/92 8/15/03 0 1,074 1,074 0 0 ClimCtrlSysHookup 1/1/91 8/15/03 0 41,416 41,416 0 0 Bondwell Laptop 12/31/91 8/15/03 0 1,064 1,064 0 0 HP/Aseyet111 12/71/91 8/15/03 0 1,326 1,326 0 0 PC-Dell Dimension I/I/98 B/IS/03 0 1,677 1,677 0 0 Laser Printer 3/31/93 8/15/03 0 2,532 2,532 0 0 IBM PS Value Point 1/1/94 8/15/07 0 2,253 2,253 0 0 PC for Library 4/30/97 8/15/03 0 3,907 3,907 0 0 PCAcerComputer &Monitor 12/31/97 8/15/03 0 27,000 23,000 0 0 IBM Punter 1/1/94 8/15/03 0 507 507 0 0 Canon Color Punter 12/31/97 8/15/03 0 4,500 4,500 0 0 PC-Dell Dimension I/I/97 8/15/03 0 2,555 2,555 0 0 Archnecural Collection Sys B/31/95 8/15/03 0 4,988 4,988 0 0 14000-20 System 1/1/91 8/15/03 0 1,800 1,800 0 0 Filcpro Hard Disk 4/30/95 8/15/03 0 1,1 18 1,118 0 0

r

GROSS SALES ADJ PRICE COST DEPR BASIS GAIN/(LOSS)

0 183 183 0 0 0 622 622 0 0 0 4,765 4,765 0 0 0 2,555 2,555 0 0 0 2,555 2,555 0 0 0 4,934 4,934 0 0 0 27,134 27,134 0 0 0 4,838 4,838 0 0 0 1,983 1,983 0 0 0 11,367 11,367 0 0 0 2,652 2,652 0 0 0 1,958 1,958 0 0 0 3,019 3,019 0 0 0 460 460 0 0 0 2,344 2,344 0 0 0 2,168 2,168 0 0 0 14,360 14,360 0 0 0 2,205 2,205 0 0 0 716 716 0 0 0 13,476 13,476 0 0 0 2,777 2,777 0 0 0 114,580 114,580 0 0 0 79,021 79,021 0 0 0 653,182 653,182 0 0 0 63,264 67,264 0 0 0 7,182 7,182 0 0 0 1,756 1,756 0 0 0 927 649 278 (278) 0 939 939 0 0 0 1,064 1,064 0 0 0 1,795 1,795 0 0 0 2,395 2,395 0 0 0 1,968 1,968 0 0 0 2,856 2,856 0 0 0 78 78 0 0 0 2,677 2,677 0 0 0 2,792 2,392 0 0 0 7,516 3,516 0 0 0 286 286 0 0 0 5,375 5,775 0 0 0 1,571 1,571 0 0 0 3,584 3,584 0 0 0 5,455 5,455 0 0 0 79,038 79,038 0 0 0 15,314 15,314 0 0 0 5,306 5,306 0 0 0 2,414 2,414 0 0 0 4,080 4,080 0 0 0 2,623 2,623 0 0 0 1,865 1,865 0 0 0 5,512 5,512 0 0 0 1,004 1,004 0 0 0 2,292 2,292 0 0 0 1,792 1,792 0 0 0 2,947 2,947 0 0 0 4,640 4,640 0 0 0 1,972 1,972 0 0 0 5,324 5,324 0 0 0 5,078 5,078 0 0 0 1,977 1,917 0 0 0 3,355 3,355 0 0 0 1,667 1,667 0 0 0 5,124 5,124 0 0 0 6,797 6,797 0 0 0 2,142 2,142 0 0 0 499 499 0 0 0 54,131 54,131 0 0 0 2,221 2,221 0 0 0 1,959 1,959 0 0 0 1,485 1,485 0 0 0 1,653 1,653 0 0 0 5,846 5,846 0 0 0 2,106 2,106 0 0

ACQUIS DATE DESCRIPTION DATE DISPOSED

VGA Monochrome Monitor 6/17/92 8/15/03 Postscript Cartridge 6/17/92 B/IS/03 IBM Notebook Computer 8/31/93 8/15/03 PC-Dell Dimension I/I/97 8/15/03 PC-Dell Dimension I/I/97 8/15/03 Laser Printers Venous 8/15/03 Archeology System, Collection I/I/95 8/15/03 Toshiba Laptop Computer 2/29/92 8/15/03 Stylus Printer (/31/96 8/15/03 Apple PC 2/25/97 8/15/03 Laser Printer I/I/95 8/15/03 Delta PC 9/30/96 8/15/03 PC-DcllDimrnsion 4/30/97 8/15/03 Laser Printer 4/30/97 8/15/03 Saga Computer Notebook 1/1/94 8/15/03 IBM PC 7/31/94 8/15/03 PC-Dell Dimension Venous 8/15/03 LnseqetllP Printer 6/10/92 8/15/03 Lnserjet IVL Printer 7/31/94 8/15/03 Computes Venous 8/15/03 POS Equipment 12/31/97 8/15/03 POSTicketing Software 9/30/95 S/IS/03 POS Ticketing Cables 9/30/95 8/15/03 POS Ticketing Hardware 9/30/95 8/15/03 Photo Ticketing Stations I/I/96 8/15/03 Ticketing Software License I/I/98 8/15/03 Laser Printer 8/31/94 8/15/03 Euzy 4 Port Mini Serv Switch 2/29/00 8/15/03 Macintosh Powerbook 5/5/92 8/15/03 HP ScnnJet 5/5/92 8/15/03 Apple Laser Printer B/5/92 8/15/03 Apple Macintosh Performs 3/30/95 8/15/03 PC-Compaq Pro Mt 5/31/95 8/15/03 Laser Printers Venous 8/15/03 RJ 11 Swath 12/1/90 8/15/03 PC-350P w/ Monitor (/30/97 S/IS/03 PC-350Pw/Monitor (/30/98 8/15/03 PC-Dell Latitude LM 4/30/97 8/15/03 MG Upgrades Hard Drives 4/30/97 8/15/03 HP Punters Venous 8/15/03 So(lware,Particle Atlas 1/31/95 8/15/03 Memorex Telex I / I /91 8/15/03 Conduit Cabling Mall's I/I/91 8/15/03 Venous Interface Electronics 4/30/97 8/15/03 Computes Venous 8/15/03 HP Laseqets Various 8/15/03 Connections, Fiber Optics 5/31/92 8/15/03 Mux, 4 Channel 5/31/92 8/15/03 Thmkpad I/I/97 8/15/03 PC-Dell Dimension 10/21/97 8/15/03 Laser Punter I / I /91 8/15/03 ScunJct 5/31/92 8/15/03 QMS 410PS with Modem 8/31/92 8/15/03 HP LnserJet III 5/31/92 8/15/03 Mod 50 Mono 12/31/91 8/15/03 Laser Jet 11 Punter Venous 8/15/03 IBM PC I/I/97 8/15/03 PC-Dell Dimension 4/30/97 8/15/03 PC-Dell Dimension 4/30/97 8/15/03 HP L .nseqet 111 I/I/91 8/15/03 HP Laseqet III I/I/91 8/15/03 HO ScnnJet Plus I/I/91 8/15/03 IBM Thmkpnd I/I/96 8/15/03 IBM Thmkpnd I/I/97 8/15/03 PC VL5 200 MX 1/1/98 8/15/03 ScanJet UP 1/1/95 9/15/03 Disk Array for Mailing List I/I/95 8/15/03 PC-Dell Dimension 4/30/97 8/15/03 HP LnsttJet III I/I/91 8/15/03 LuseqetlV 10/31/97 8/15/03 Lnseqet IV 6/30/93 8/15/03 IBM Thmkpad 1/1/96 8/15/03 PnmqetXL (/31/92 8/15/03

J

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS) PC, Comtech 1/1/94 8/1/03 0 1,773 1,773 0 0 Lasepet4 4/30/93 8/15/03 0 1,485 1,485 0 0 Autocnd J 11 Software 1/1/93 8/15/03 0 8,151 8,151 0 0 Novella/II Network Software 1/1/93 B/IS/03 0 1,453 1,453 0 0 450ColorproLaptop 1/1/95 8/15/03 0 5,525 5,525 0 0 Dell XPI I/I/97 8/15/03 0 2,811 2,811 0 0 PC-Dell Dimension I/I/97 8/15/03 0 2,586 2,586 0 0 Laseqet IV 8/31/93 8/15/03 0 1,492 1,492 0 0 IBMPortable Pnnta I/I/94 8/15/03 0 389 389 0 0 Point ofSale Equipment 12/31/92 8/15/03 0 851,689 851,689 0 0 Cash System I/I/92 8/15/03 0 12,022 12,022 0 0 AS400 Emulation 3/31/95 8/15/03 0 944 944 0 0 I.nse7]etPnnter 8/31/93 8/15/03 0 956 956 0 0 A5400 Emulation 3/31/95 8/15/03 0 944 944 0 0 HP Lnseqet 5 9/30/96 8/15/03 0 922 922 0 0 Laseqet5 9/30/96 8/15/03 0 922 922 0 0 Laseqet5L 4/30/97 8/15/03 0 460 460 0 0 AS400Emulanon 3/31/95 8/15/03 0 944 944 0 0 Xerox Pnntcr 7/3I/95 8/I5/03 0 9,771 9,771 0 0 Remote Wrkstn Controller I/I/91 S/IS/03 0 4,363 4,363 0 0 IBM Quiehmter Pnnter I/I/87 S/IS/03 0 1,326 1,326 0 0 LaseqetIIP 1/1/91 8/15/03 0 1,217 1,217 0 0 HP Lascpci IV 3/31/94 8/15/03 0 1,489 1,489 0 0 Bar Code Equipment I/I/95 8/15/03 0 765 765 0 0 Laseqet4+ I/I/95 8/15/03 0 1,536 1,536 0 0 PC-Dell Dimension I/I/98 S/IS/03 0 3,628 3,628 0 0 CTX 13" SVGA Monitor 3/1/98 8/I5/03 0 271 271 0 0 CTX 13" SVGA Monitor 3/1/98 8/I5/03 0 271 271 0 0 CTXIS"SVGAMonitor 3/1/98 S/IS/03 0 271 271 0 0 PC-Dell Dimension I/I/97 8/IS/03 0 2,555 2,555 0 0 PC-Dell Dimension i/I/97 B/IS/03 0 2,594 2,594 0 0 Ticketing Software Extension 1/1/97 8/15/03 0 2,110 1,710 400 (400) Card Reader I/I/97 8/15/03 0 269 218 51 (51) Laseqet5L 1/1/97 8/15/03 0 523 523 0 0 PC-DellDimrnsion 1/1/97 8/15/03 0 2,070 2,070 0 0 QmckwnterPnnta 9/1/90 8/15/03 0 1,503 1,503 0 0 QuickwriterPnnter 9/1/90 8/15/03 0 1,503 1,503 0 0 PC-Dell Dimension 1/1/97 8/15/03 0 2,070 2,070 0 0 Lnseqet4 2/28/97 8/15/03 0 1,494 1,494 0 0 OCLC M300 Workstations 2/1/86 8/15/03 0 3,646 3,646 0 0 OCLC M300 Workstations 2/1/86 8/15/03 0 3,646 3,646 0 0 Texas InsComputer Port 6/1/82 8/15/03 0 1,988 1,988 0 0 IBM 5251 Emulation Kit I/I/86 8/15/03 0 3,100 3,100 0 0 Plnnnr3000 Doc Processor I/I/90 8/15103 0 17,765 17,765 0 0 Fiber Optics Convert I/I/90 S/IS/03 0 7,079 7,079 0 0 Character Generator 9/1/90 8/15/03 0 38,588 38,588 0 0 A300Allocator I/I/91 8/15/03 0 5,006 5,006 0 0 Spur lnterfnceController 1/1/91 8/15/03 0 12,070 12,070 0 0 Simpler 5 User w/ Upgrade I/I/91 8/15/03 0 1,014 1,014 0 0 BnrCode Readers I/I/91 8/15/03 0 1,150 1,150 0 0 IBM 3180 G/L 1/4/86 8/15/03 0 2,504 2,504 0 0 Hnyes1200B Modem I/I/86 8/15/03 0 521 521 0 0 Time Shnnng Terminal 6/30/80 8/1 5/03 0 3,339 3,339 0 0 3180 Terminal-Payroll 6/1/86 8/15/03 0 3,417 3,417 0 0 3180 Terminal-Payroll 6/1/86 8/15/03 0 3,417 3,417 0 0 3865 Modem 6/1/86 8/15/03 0 26,261 26,261 0 0 5294 Controller 6/1/86 8/I5/03 0 10,746 10,746 0 0 Vihink 1000 Disk Player 6/1/84 8/15103 0 1,276 1,276 0 0 Pioneer LDV4000Disk Play 6/1/84 8/I5/03 0 983 983 0 0 Display Station Standard II/1/86 S/IS/OJ 0 2,787 2,387 0 0 Display Station Standard II/I/86 B/IS/03 0 2,387 2,387 0 0 CRT Workstation 10/1/86 8/I5/03 0 4,717 4,717 0 0 Display Station Standard 1/1/87 S/IS/03 0 10,384 10,384 0 0 IBM 3196 Trnmnal I/I/88 8/I5/03 0 1,409 1,409 0 0 Hayes V Baud Modem I/I/89 8/ 15/03 0 1,019 1,019 0 0 Decision Data CRTs I/I/89 8/15/03 0 2,926 2,926 0 0 3M ti45 Computer Tape I/I/90 8/15/03 0 311 311 0 0 Sys36Terminals 1/1/91 8/15/03 0 3,532 3,532 0 0 Memorex Terminals I/I/91 S/IS/03 0 10,474 10,474 0 0 Computer Upgrade from AS400 I/I/96 8/15/03 0 245,618 245,618 0 0 Etheqet Network Interface Card 10/31/97 8/15/03 0 2,358 2,358 0 0 EtheqetNetworkmg 3/1/98 8/I5/03 0 22,194 22,194 0 0 BondwellLaptop I/I/91 B/IS/03 0 1,681 1,681 0 0

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS) IBM Model 70 12/31/91 8/15/03 0 89,137 89,137 0 0 Elcc Pub Equipment 12/31/91 8/15/03 0 75,011 75,011 0 0 IBM PS/2 Model 65-1 1/11/92 8/15/03 0 6,888 6,888 0 0 Hookup to JC85-40 Computer 1/1/90 8/15/03 0 11,176 11,176 0 0 JC85/40 Bridge Equip 5/1/90 8/15/03 0 11,836 11,836 0 0 POS System Hardware 12/31/91 8/15/03 0 37,998 37,998 0 0 Printers various 8/15/03 0 106,701 106,701 0 0 A&E Cad Software 11/30/85 8/15/03 0 12,273 12,273 0 0 A&E Cod Software 11/30/85 8/15/03 0 13,931 13,931 0 0 A&E DMP-52 Plotter 11/30/85 8/15/03 0 4,782 4,782 0 0 Meeting Track Software I/I/88 8/15/03 0 2,085 2,085 0 0 AcctReceivable Software I/I/89 S/IS/03 0 2,090 2,090 0 0 Cndvance20Software 1/1/89 8/15/03 0 5,016 5,016 0 0 Payroll 2000 Software Sys 9/20/91 8/15/03 0 2,400 2,400 0 0 ElecPubSoftware 12/71/91 8/15/03 0 6,925 6,925 0 0 Bookmark Software 1/1/91 8/15/03 0 137,070 177,070 0 0 88 For Econolme Van I/I/88 6/30/03 269 9,660 9,660 0 269 IBM Thmkpad 1/1/96 8/15/03 0 5,846 5,846 0 0 HP LaseqetlV 8/31/94 8/15/03 0 707 707 0 0 IBMValue Point I/I/94 8/15/03 0 1,811 1,811 0 0 HP LsseqetlV I/I/94 S/IS/03 0 740 740 0 0 Novel Network 2/28/96 8/15/03 0 4,094 4,094 0 0 External Optical Drive 2/28/96 8/IS/OJ 0 2,560 2,560 0 0 Extra Memory for PC's 2/28/96 8/15/03 0 11,580 11,580 0 0 Tape Drive Power Backup I/I/94 S/IS/03 0 1,238 1,238 0 0 PC-Everex Step S 486 I/1/94 8/15/03 0 11,462 11,462 0 0 PC-Comtech386DX 1/1/94 8/15/03 0 1,773 1,773 0 0 LnseqetIIIP 1/1/94 8/15/03 0 1,092 1,092 0 0 IBM Scanjet 3P 2/28/96 8/15/03 0 328 328 0 0 Docking Station 1/1/96 8/15/03 0 760 760 0 0 IBM Thmkpad 1/1/94 8/15/03 0 5,137 5,133 0 0 IBM Thmkpnd I/I/96 8/15/03 0 2,081 2,081 0 0 PC-IBM 1/31/96 8/15/03 0 4,040 4,040 0 0 PC-Dell Dimension 7/31/96 8/15/03 0 2,555 2,555 0 0 LaseqetPnnters venous 8/15/03 0 8,242 8,242 0 0 Twm¢x Cable 3/30/95 8/15/03 0 373 373 0 0 LuseqetII1P 7/31/92 8/15/03 0 1,103 1,103 0 0 PC-Comtech486DX 1/1/94 8/15/03 0 2,287 2,287 0 0 IBM Thmkpad 3/30/95 8/15/03 0 4,544 4,544 0 0 Luseqet N 5/31194 8/15/03 0 1,942 1,942 0 0 PnmqetXL 1/1191 8/15/03 0 2,979 2,979 0 0 IBM Thmkpnd 3/30/95 8/ 15/03 0 3,584 3,584 0 0 PC-Dell Dimension I/I/97 8/15/03 0 2,885 2,885 0 0 PC-DellDimrnsion I/I/97 8/15/03 0 2,592 2,592 0 0 Lnserjet IIIP I/I/94 S/IS/03 0 1,333 1,333 0 0 ChcckwnengSoRware I/I/96 B/IS/03 0 21,566 21,566 0 0 IBM PC Valuepoint Model 6 4/30/93 8/15/03 0 2,852 2,852 0 0 PC-Dell Dimension I/I/97 B/IS/03 0 2,605 2,605 0 0 PC-Dell Dimension I/I/97 B/IS/03 0 2,592 2,592 0 0 Laseqet5P 1/1/96 8/15/03 0 4,804 4,804 0 0 POSTermmal,Business Center 5/71/97 B/IS/03 0 1,921 1,491 430 (430) Software Upgrades for Sequel 5/31/93 8/15/03 0 10,000 10,000 0 0 Backup Manager Tape Management I/I/94 8/15/03 0 3,409 3,409 0 0 IBM Backup/Recovery SoRware 8/31/95 8/15/03 0 10,137 10,137 0 0 SkiIIsetSo(iware 8/1/00 8/15/03 0 113,458 113,458 0 0 TwmaxCable 3/30/95 8/15/03 0 373 373 0 0 PC-Comtech386DX 1/1/94 8/15/03 0 1,777 1,773 0 0 Compaq Pro 7/31/95 8/15/03 0 2,482 2,482 0 0 PC-Comtech386DX I/I/94 8/15/03 0 1,777 1,773 0 0 PC-Dell Dimension I/I/97 8/15/03 0 2,811 2,811 0 0 Salary Administration Software I/I/91 8/15/03 0 7,000 7,000 0 0 PC-Dell Dimension I/I/97 8/15/03 0 5,110 5,110 0 0 Network Adapter 4/30/95 8/15/03 0 5,422 5,422 0 0 Network Pans for Riskmaster 4/30/95 8/15/03 0 8,554 8,554 0 0 Wrong for Computer Network 4/30/95 8/15/03 0 3,071 3,071 0 0 Hardware-RiskmasterInfo Sys 12/31/98 8/15/03 0 1,540 1,437 103 (103) PC-IBM 486DX 4/30/95 8/15/03 0 2,303 2,303 0 0 PC-Compaq Pro Mt 7/31/95 8/15/03 0 2,353 2,353 0 0 Nctware 3 11 4/30/95 8/15/03 0 1,949 1,949 0 0 RiskmnsiaSofiwnre 4/30/95 8/15/03 0 39,208 39,208 0 0 Lascqet6P 1/31/97 8/15/03 0 820 820 0 0 PC-Dell Dimension 7/3/96 S/IS/OJ 0 2,885 2,885 0 0 Benches, Historic Area I/I/97 7/1/03 0 14,599 11,666 2,933 (2,933)

is 0

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS) Silver Recovery Unit 3/31/94 9/22/03 0 2,294 2,294 0 0 Printer for Color Pnnts 9/30/94 9/22/03 0 21,255 21,255 0 0 Kodak PCD225 Writs I/I/96 1/15/03 0 2,084 1,802 282 (282) Sony Video Records 6/30/80 9/22/03 0 2,158 2,158 0 0 Videotape Editor 2/29/92 9/22/03 0 38,30 38,310 0 0 Sony BVVS Portable Recorder 3/31/92 9/22/03 0 21,225 21,225 0 0 Miscellaneous AN Equipment 1/1/95 9/22/03 0 5,307 5,307 (0) 0 Mixing Console 1/1/95 9/22/03 0 7,721 7,721 0 0 Miscellaneous AN Equipment 2/29/92 9/22/03 0 12,771 12,771 0 0 Prod Booth Tope Decks 6/15/77 9/22/03 0 2,260 2,260 0 0 Playback Slide Programmer 6/30/80 9/22/03 0 2,803 2,803 0 0 Laser Disc Player I/I/98 9/22/03 0 2,534 1,795 739 (739) 18" Subwoofer I/I/98 9/22/03 0 4,268 3,023 1,245 (1,245) Arc Lamp Module I/I/98 1/15/03 0 2,387 1,492 895 (893) AMXAutomated Controller I/I/98 I/IS/03 0 3,694 2,309 1,385 (1,385) JVC Theater Projector Lens I/I/98 I/IS/03 0 3,530 2,206 1,324 (1,324) HJTForoudjnScan Qundrupla I/I/98 I/IS/03 0 19,855 12,409 7,446 (7,446) Audio Tape Tour System I/I/95 9/29/03 0 20,903 20,903 0 0 Pioneer VSX502 with Dolby I/I/95 9/29/07 0 449 449 0 0 Card Frames 1/1/95 9/29/03 0 3,295 3,295 0 0 VCMISSProjector I/I/95 9/29/03 0 289 289 0 0 Rack 1/1/95 9/29/03 0 274 274 0 0 Data/Video Projector I/I/95 9/29/03 0 13,144 13,144 0 0 Laser Discs I/I/95 9/29/03 0 935 935 0 0 Alpha Discs I/I/95 9/29/03 0 712 712 0 0 Sony Video Records 6/30/80 9/29/OJ 0 2,158 2,158 0 0 Color Receiver/Monitor 6/30/80 9/29/03 0 1,560 1,560 0 0 Mulhcore Camera System 6/1/85 9/29/07 0 26,917 26,917 0 0 MulncoreCamera System 6/1/85 9/29/03 0 26,917 26,917 0 0 Pan/fill Unit 6/1/85 9/29/03 0 1,326 1,326 0 0 PwJI'iIt Unit 6/1/85 9/29/03 0 1,326 1,726 0 0 Camera Mounting Plate 6/1/85 9/29/03 0 260 260 0 0 Camera Mounting Plate 6/1/85 9129/03 0 260 260 0 0 Vicon Wall Mount 6/1/85 9/29/03 0 50 50 0 0 Vicon Wall Mount 6/1/85 9/29/03 0 50 SO 0 0 Vicon Camera Cable 6/1/85 9/29/03 0 754 754 0 0 100 F1 TV-39 Camera 6/1/85 9/29/03 0 5,780 5,780 0 0 Camera Cable Connectors 6/1/85 9/29/03 0 1,464 1,464 0 0 Zoom Lens 6/1/85 9/29/03 0 12,370 12,370 0 0 Conversion for Canon Lens 6/1/85 9/29/03 0 1,544 1,544 0 0 Viewfinder 6/1/85 9/29/03 0 3,670 3,670 0 0 Paint Box 6/1/85 9/29/03 0 770 770 0 0 Paint Box Cable 6/1/85 9/29/03 0 620 620 0 0 Fluid Head 6/1/85 9/29/03 0 1,800 1,800 0 0 Gyzp Tripod 6/1/85 9/29/03 0 832 832 0 0 Gyzo Dolly 6/1/85 9/29/07 0 698 698 0 0 Pan/Tilt Mount m Ceiling 6/1/85 9/29/07 0 520 520 0 0 P&TControl Cable 6/1/85 9/29/03 0 156 156 0 0 Focus & Zoom Control Cable 6/1/85 9/29/03 0 IJO IJO 0 0 Camera Cable 6/1/85 9/29/03 0 785 785 0 0 Production Swrtchcr 6/1/85 9129/03 0 39,000 39,000 0 0 Input Trnnscodas 6/1/85 9/29/03 0 5,070 5,070 0 0 Beta lnpudOutputTrnnscoders 6/1/85 9/29/03 0 3,900 3,900 0 0 Generator RGB 6/1/85 9/29/03 0 1,872 1,872 0 0 Graphic Generator 6/1/85 9/29/03 0 7,275 7,275 0 0 Logo Fonts 6/1/85 9/29/03 0 832 832 0 0 RGBOutput Option 6/1/85 9/29/03 0 551 551 0 0 Pan & Till Control 6/1/85 9/29/03 0 634 634 0 0 Remote Control/Zoom Focus 6/1/85 9/29/03 0 946 946 0 0 Remote Dnve for Focus 6/1/85 9/29/03 0 946 946 0 0 Muncore Connector 6/1/85 9/29/03 0 520 520 0 0 Mounting forControls 6/1/85 9/29/03 0 500 500 0 0 Rock slide Option 6/1/85 9/29/03 0 109 109 0 0 Frame StordfBC 6/1/85 9/29/03 0 12,610 12,610 0 0 NTSC to RGB Decoder 6/1/85 9/29/03 0 2,096 2,096 0 0 RGB to NTSC Encoder 6/1/85 9/29/01 0 5,044 5,044 0 0 Video Routing Switcha 6/1/85 9/29/07 0 5,044 5,044 0 0 Custom SheIfNideo Rock 6/1/85 9/29/07 0 292 292 0 0 ASE for TM 14-9 6/1/85 9/29/03 0 312 312 0 0 RGB Monitor 6/1/85 9/29/03 0 1,560 1,560 0 0 Rack Mount 6/1/85 9/29/03 0 188 188 0 0 Rack Mount Demodulator 6/1/85 9/29/03 0 660 660 0 0 Console & Monitor Badge 6/1/85 9/29/03 0 3,640 3,640 0 0

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS) Color Monitor 6/1/85 9/29/01 0 884 884 0 0 Roll Around Can 6/1/85 9/29103 0 146 146 0 0 HR Rack Mount Monitor 6/1/85 9/29/03 0 5,595 5,595 0 0 Rack Mount Chassis Slides 6/1/85 9/29/03 0 43 43 0 0 Monitor w/ Rack Mount 6/1/85 9/29/03 0 390 390 0 0 Rack Mount Swrtcher 6/1/85 9/29/03 0 192 192 0 0 Color Bars 6/1/85 9/29/03 0 2,288 2,288 0 0 Auto Generator Changeover 6/1/85 9/29/03 0 2,028 2,028 0 0 Masts Sync Generator 6/1/85 9129/03 0 5,566 5,566 0 0 Module Dn Frame 6/1/85 9129/03 0 868 868 0 0 Video DA(RGB&Video) 6/1/85 9129/03 0 1,590 1,590 0 0 Pulse DA 6/1/85 9/29/03 0 822 822 0 0 Coax Cable 1000 Ft 6/1/85 9/29/03 0 4,356 4,356 0 0 AudioNideo Interconnect 6/1/85 9/29/03 0 1,040 1,040 0 0 Interface/Video Tope 6/1/85 9/29/03 0 468 468 0 0 Mist Speaker Sys Equipment 6/1/85 9/29/03 0 1,541 1,541 0 0 Tnscam Main Mixer 6/1/85 9/29/03 0 5,616 5,616 0 0 Distribution Amp 6/1/85 9/29/03 0 1,139 1,139 0 0 Dealy with 2 Outputs 6/1/85 9/29/03 0 2,144 2,144 0 0 Limits 6/1/85 9/29/03 0 605 605 0 0 Auto Mixer 6/1/85 9/29/03 0 3,566 3,566 0 0 Revox 6/1/85 9/29/03 0 2,387 2,387 0 0 Equalizers 6/1/85 9/29/03 0 5,615 5,615 0 0 Power Amps 6/1/85 9/29/03 0 6,490 6,490 0 0 Bergen Expo Light Valves 6/1/85 9/29/03 0 46,611 46,611 0 0 Lamp Module Spares 6/1/85 9/29/03 0 832 832 0 0 Swing Model Stands 6/1/85 9/29/03 0 2,496 2,496 0 0 Fixed Model Stand 6/1/85 9/29/03 0 1,872 1,872 0 0 Programmer for Slides 6/1/85 9/29/03 0 6,235 6,235 0 0 Status Display 12' 6/1/85 9/29/03 0 312 312 0 0 Video Interface Module 6/1/85 9/29/03 0 827 827 0 0 Controller for Slides 6/1/85 9/29103 0 1,794 1,794 0 0 Xenon Lampbulb 6/1/85 9/29/03 0 655 655 0 0 TV Projector 6/1/85 9/29/03 0 84,656 84,656 0 0 Projector Lamps 6/1/85 9129/03 0 71,723 71,723 0 0 Custom Slide Stand 6/1/85 9/29/03 0 7,170 7,170 0 0 Lamp Module 6/1/85 9/29/03 0 4,586 4,586 0 0 Sony Umnnc Player I/I/89 9/29/03 0 2,227 2,223 0 0 Video Camera 1/1/91 9/29/03 0 19,868 19,868 0 0 Light Valve 6/19/92 9/29/03 0 29,824 29,824 0 0 Videotape Editor 1/31/96 9/29/03 0 2,963 2,829 134 (134) Receiver &Transmitter (/31/96 9/29/03 0 2,889 2,759 130 (130) Loser Disc Playa 1/31/96 9/29/03 0 1,700 1,623 77 (77) HurIeyProj Screen 6/1/87 9/29/03 0 1,622 1,622 0 0 Chnshe Xenon Lamps 6/1/83 9/29/07 0 14,548 14,548 0 0 Infrared Listening System (/31/95 9/29/03 0 2,170 2,170 0 0 Magna-Tech Recorder I/I/82 9/29/03 0 8,774 8,774 0 0 Quantum QM88Console I/I/82 9/29/03 0 3,786 3,786 0 0 Quantum It 7 Patch Bay I/I/82 9/29/03 0 892 892 0 0 Otnn SO508 Tape Recorder I/I/82 9/29/03 0 4,888 4,888 0 0 Magna-Tech Playback Amp I/I/82 9/29/07 0 418 418 0 0 Romko Preamp 1/1/82 9/29/03 0 331 331 0 0 Ramka Amp I/I/82 9/29/03 0 141 141 0 0 Interlock Motor/Relay I/I/82 9/29/03 0 615 615 0 0 PanTechnicsTurntable I/I/82 9/29/03 0 2,472 2,472 0 0 Time Base Corrector 1/1/82 9/29/03 0 10,353 10,353 0 0 VidmmedinEditing Control I/I/82 9/29/03 0 13,632 13,632 0 0 Arkey Contract Printer 6/1/83 9/29/03 0 644 644 0 0 Ilford Enlarger Head 6/1/83 9/29/03 0 4,789 4,389 0 0 Eiki NT-L Prod w/Equipment 6/1/83 9/29/03 0 1,092 1,092 0 0 Telex Slide Projector 6/1/83 9/29/03 0 697 697 0 0 Hnsselblnd Camera System 6/1/84 9/29/06 0 6,098 6,098 0 0 Video Cassette System 6/1/84 9/29/03 0 4,170 4,170 0 0 Bldg Imp for Processor 6/1/84 9/29/03 0 7,641 7,641 0 0 Purified Water System 6/1/84 9/29/03 0 1,265 1,265 0 0 Supertmni112 Mounter 6/1/84 9/29/03 0 12,630 12,630 0 0 PhotosonicCleaning System 6/1/84 9/29/03 0 5,277 5,277 0 0 Hope Film Processor 6/1/84 9/29/03 0 22,567 22,567 0 0 A/VTransparency System 6/1/84 9/29/03 0 4,481 4,481 0 0 Sony Edit Controller J/31/85 9/29/03 0 1,629 1,629 0 0 Ilford Finisher/Dryer 3/31/85 9/29/07 0 2,683 2,683 0 0 11fospeed Processor 3/71/85 9/29/03 0 13,425 13,425 0 0 Mulh Image Slide System 6/30/85 9/29/03 0 24,355 24,355 0 0

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS) Namcplata 11/30/85 9/29/03 0 2,494 2,494 0 0 Easel & Daylight Cover 11/30/85 9/29/03 0 2,121 2,121 0 0 Ilford Rollfeed Attachment 11/30/85 9/29/03 0 1,482 1,482 0 0 Sony VTR w/Eqwpmrnt 6/30/85 9/29/03 0 227,376 227,376 0 0 CM-6 Slide Printer 6/1/86 9/29/03 0 1,303 1,303 0 0 Sony Time Code Card 2/3/87 9/29/03 0 1,658 1,658 0 0 Audiometnc 2/23/88 9/29/07 0 5,128 5,128 0 0 Oscilloscope 1/1/88 9/29/03 0 1,654 1,654 0 0 Sony 3/4 Editing Records 128/88 9/29/03 0 6,795 6,795 0 0 Sony 3/4 VCR 1/28/88 9/29/03 0 4,506 4,506 0 0 Audiovisual Equipment 2/23/88 9/" 29/00 0 1,750 1,750 0 0 3-M Camera Processor I/I/89 9/29/07 0 5,700 5,700 0 0 Instill Kreolab Furniture 6/30/89 9/29/03 0 8,321 8,321 0 0 Install Dark Room Equipment 6/30/89 9/29/03 0 17,942 17,942 0 0 2 Ikegnmi Camera w/ Equipment 7/18/89 9/29/03 0 84,448 84,448 0 0 Frame Synchronizer I/I/90 9/29/03 0 10,972 10,972 0 0 Ikegumi Cameras 12/1/90 9/29/03 0 41,787 41,787 0 0 Camera System I/I/91 9/29/03 0 45,244 45,244 0 0 Panasonic Video Monitor I/I/91 9/29/03 0 1,250 1,250 0 0 ASCPower Supply I/I/91 9/29/03 0 184 184 0 0 Ike45Viewfinder 1/1/91 9/29/03 0 4,853 4,857 0 0 Mulnsync JD 14" Monitor 1/1/91 9/29/03 0 784 784 0 0 Clock Adapter I/I/91 9/29/03 0 42 42 0 0 Motorola Cnrryphone 1/1/91 9/29/03 0 574 574 0 0 Vehicles venous venous 25 0 0 0 25 TimeImeBudgeting System 11128/00 1/I/03 0 17,765 7,698 10,067 (10,067) Timeline Budgeting System 11/28/00 I/1/O3 0 32,688 14,165 18,523 (18,523) SW Sub Domino Applicnnon 7/12/00 5/31/03 0 2 .894 1,640 1,254 (1,254) SW Sub Domino Pa Use 7/12/00 5/31/03 0 5,118 2,900 2,218 (2,218) Bus,BIuebird,1997,Natural 5/30/97 6/30/03 0 106,005 61,854 44,151 (44,151) WhndWesnnghouseA/C 6/1/83 II/I/03 0 684 684 0 0 Sign, L Shaped, Triple Posh I/I/92 1 I/I/03 0 2,444 2,444 0 0 Sign, Double Post, Single Face I/I/92 11/1/03 0 2,036 2,036 0 0 Signs, 3 Double Post, Single Face (/1192 I I/I/03 0 4,073 4,073 0 0 Sibm, Double Post, Single Face I/I/92 11/1/03 0 5,430 5,470 0 0 Electric Hog Water Heater 6/1/81 H/1/03 0 679 679 0 0 Electric Hot Water Heater 6/1/81 I I/I/03 0 679 679 0 0 Bola Replacement 6/1/85 I I/I/03 0 23,792 23,792 0 0 HB Smith Gus Boiler 12/1/86 I I/I/03 0 6,962 6,962 0 0 OBI Tank Leak Detection Equipment 11/26/01 I I/I/03 0 2,556 639 1,917 (1,917) Marquee 6/1/86 II/I/03 0 926 926 0 0 Stable Storm Window I/I/87 II/I/03 0 930 930 0 0 Directory 1/1/90 11/25/03 0 2,258 2,258 0 0 Gus Fred Boiler Replacement I/I/SS 11/25/03 0 30,735 30,735 0 0 Portable Ice Bin 6/1/81 11/25/03 0 1,020 1,020 0 0 Kold Draft Ice Machine 6/1/83 11/25/03 0 4,966 4,966 0 0 Toaster 6/1/81 11/25/03 0 1,151 1,151 0 0 Portable Ice Bin 6/1/81 11/25/03 0 510 510 0 0 Menu Board with 12 Windows 6/1/81 11/25/03 0 1,272 1,272 0 0 Kwik Wipptt 6/1/81 11/25/03 0 3,172 3,172 0 0 Menu Board with Letters I/I/82 11/25/03 0 3,196 7,196 0 0 Deep Fat Fryer 6/1/83 11/25/03 0 8,984 8,984 0 0 HobanSlictt 6/1/83 11/25/03 0 2,424 2,424 0 0 Conveyor Toaster 9/1/86 11/25/03 0 921 921 0 0 Hogsheads &Barrels 6/1/82 11!25/03 0 3,050 3,050 0 0 Bnskm-RobbmsTrash Cans 6/1/87 11/25/03 0 1,118 1,118 0 0 H/ATrash Containers andBarrels 6/1/84 11/25/03 0 8,110 8,110 0 0 Trash Cans 6/30/94 11125/03 0 6,604 6,604 0 0 Vinyl Tile & Base 1/1/82 11/25/03 0 8,249 8,249 0 0 Dining Area Carpet 1/1/82 11/25/03 0 4,980 4,980 0 0 Merch Sq Benches 6/30/79 11/25/03 0 9,354 9,354 0 0 Cheese Shop Patio Furniture 6/30/85 11/25/03 0 3,222 3,222 0 0 Door/Window Awnings 6/1/86 11/25/03 0 2,454 2,454 0 0 Simplex Time Clock I/I/88 11/25/03 0 2,467 2,467 0 0 Safe ComparunrnUBnse 11/30/85 11/25/03 0 1,327 1,327 0 0 Wnllcovermg Beige 2/29/03 11/25/03 0 1,657 1,657 0 0 Gas Sweeper, Tenant 356 3/31/92 9/26/03 606 25,717 25,717 0 606 Connectivity Group 4/30/99 1/1/03 0 4,713 884 3,829 (3,829) 1984 GMC RTS Bus 4/11/88 9126/03 968 95,995 95,995 0 968 1991 Thomas CihImttBus 8/1/91 9/26/03 355 147,672 147,672 0 355 1991 Thomas Cihlmer Bus 8/1/91 9/26/03 355 147,672 147,672 0 355 1997 Thomas Cidlmer Bus 6/30/93 9/26/03 355 150,960 150,960 0 355 1993 Thomas Cmlma Bus 7/31/93 9/26/03 355 150,960 150,960 0 355

GROSS ACQUIS DATE SALES ADJ

DESCRIPTION DATE DISPOSED PRICE COST DEPR BASIS GAIN/(LOSS) Jel-I I Boiler venous 10/23/03 300 0 0 0 300 Additional Cost Visitor Center I/I/87 I/1/03 0 124,825 48,639 76,186 (76,186) Escalator Chain I/I/9J 1/1/03 0 22,837 22,837 0 0 Boil/Plate Mod Range 3/17/88 (/28/03 0 1,548 1,548 0 0 Fume Hoods I/I/88 1/28/03 0 16,952 16,952 0 0 Distilled Water System I/I/88 1/28/03 0 5,258 5,258 0 0 Airbrnsrve 6500 System 3/8/88 1/28/03 0 3,988 3,988 0 0 PH Meter 5/10/88 1/28/03 0 876 876 0 0 LoweIILight Array I/I/94 (/28/03 0 1,137 1,137 0 0 Airbrasive Unit 1/1/94 1/28/03 0 2,740 2,740 0 0 RomanoffSteamClenner I/I/95 12/8/03 0 2,693 2,693 0 0 LaifilesWrksmw/Chair I/I/91 I/28/OJ 0 2,399 2,399 0 0 IBM Typewriter 6/1/84 12/31/07 0 990 990 0 0 Loseqet6P 4/30/97 12/31/07 0 811 811 0 0 Keyboard Shelves 5/71/93 12/31/03 0 538 538 0 0 Grey Bookshelves 5/31/93 12/31/03 0 157 157 0 0 Pedestals 5/31/93 12/31/03 0 290 290 0 0 Grey Pedestals 5/31/93 12/31/03 0 2,141 2,141 0 0 Overhead Storage Bins 5/31/93 12/31/03 0 448 448 0 0 Grey Lateral Files 5/31/97 12/31/03 0 1,329 1,329 0 0 Desk Chairs, Mid-Black, Red 5/31/93 12/71/03 0 1,080 1,080 0 0 Desk Chairs, High Back, Blue 5/31/97 12/31/03 0 1,662 1,662 0 0 Side Chairs, Sled Base, Blue 5/31/97 12/71/03 0 1,415 1,415 0 0 Side Chairs, Sled Base, Red 5/31/93 12/31/03 0 566 566 0 0 Windsor Chair I/I/94 12/31/03 0 492 492 0 0 Tiger Table 1/1/94 12/31/03 0 329 329 0 0 25 Ton Cooling Unit 1/1/97 1/15/03 0 26,578 10,062 16,516 (16,516) Bracelet Linking Machine 6/30/96 1/1 5/03 0 14,955 12,272 2,683 (2,683) Motorola Communication Sys 1/1/77 12/31/03 0 32,462 32,462 0 0 2 Way Radios venous 12/31/03 0 62,372 62,372 0 0 Pagers venous 12/31/03 0 6,492 6,492 0 0 Power Amplifier 6/1/83 12/31/07 0 1,159 1,159 0 0 87 Ford Cub/Classic Truck 1/1/88 12/12/03 1,408 10,506 10,506 (0) 1,408 HVAC Improvements 12/31/93 1/1/03 0 467,754 290,293 177,461 (177,461) HVAC Improvements I/I/93 1/1/03 0 323,593 210,335 113,258 (113,258) HVACImprovement Additional Cost 9/30/94 I/I/03 0 26,185 14,714 11,471 (11,471) HVACReplacement System 12/1/89 1/1/03 0 923,553 812,652 110,901 (110,901) Add1 HVAC Replc-Phases 1/11 12/31/90 1/1/03 0 366,415 296,105 70,310 (70,310) Add'I HVAC Rcplc-Phase 111 12/31/91 I/I/03 0 13,434 10,090 3,344 (7,344) Jacobsrn Seeder MDk 524 10/1/77 12/1/03 0 1,898 1,898 0 0 Toro Sand Pro Mach & Rake 6/1/86 12/1/03 0 6,188 6,188 0 0 Sweep Broom Toro Tractor 6/1/81 12/1/03 0 853 SSJ 0 0 E-Z-Go Turf Truck 4/1/86 12/1/03 0 5,389 5,389 0 0 Jucobsrn Greens Mower 3/7/87 12/1/03 0 2,801 2,801 0 0 Golf Boll Retnavcr Unit 6/21/88 12/1/03 0 3,715 7,715 0 0 Popcorn Popper 1/1/80 12/1/03 0 538 538 0 0 Locks on Guest Room Doors 6/30/95 1/1/03 0 57,971 10,885 47,086 (47,086) Wardrobes m 54 Rooms 6/30/95 I/I/03 0 78,200 14,684 63,516 (63,516) Wall changes, Fire Stops 6/30/95 I/I/03 0 184,790 34,700 150,090 (150,090) ADAInterior Barrier Removal I/I/98 9/30/03 0 14,809 2,098 12,711 (12,711) Room Service Tables 1/1/89 12/1/03 0 619 619 0 0 Roll Top Chn(krs I/I/89 12/1/03 0 7,268 7,268 0 0 Turned Tray Stand 1/1/89 12/1/03 0 356 356 0 0 Cascades Suites 6/1/67 9/30/03 0 1,545,008 1,404,029 140,979 (140,979) Gov Pal Lanterns 6/1/83 1/1/03 0 894 894 0 0 ASME Lectro-Speed Heater 7/1/77 12/1/03 0 512 512 0 0 Teleconim Generator 10/1/86 12/1/03 0 50,000 50,000 0 0 Coin Counter/Packager 6/1/81 12/1/03 0 2,075 2,075 0 0 Salvage Materials venous various 4,816 0 0 0 4,816 Lot 320-Wylw Property, NC venous 12/29/07 28,358 34,000 0 34,000 (5,642)

0 0 0 0 0 TOTAL ASSETS $7 1,904 513,269,229 $11,127,868 $2,141,361 ($2,069,457)

0

Colonial Williamsburg Foundation E.I.N . 54-0505888 Gross Revenue and Cost of Goods Sold Form 990-Part I-Line 10(a), 10(b) For the year ended 12/31/03

Attachment III

Merchandising $ 39,345,709 $ 18,218,951

Gross Revenue Cost of Goods Sold

Depreciation Description Cost Prior Years

Buildings and Improvements $ 350,765,711 $ 119,565,050

Furnishings and Equipment 58,459,223 64,475,993

Total Depreciable $ 409,224,934 $ 184,041,043 Assets

Land 51,066,618 Collections 50,032,158 Capital Projects 34,604,587

$ 544,928,297

Depreciation shown on Line 6(b) Part I

Method Life

SL 20 or 40

SL 5 or 8

(4,143,835)

$ 10,618,475

Colonial Williamsburg Foundation E I N 54-0505888 Statement of Functional Expenses Forth 990-Part II-Line 42 For the year ended 12/31/03

is

Attachment IV

Depreciation This Year

$ 10,164,409

4,597,901

14,762,310

0

Program Mgmt & Total Services General Fundraising

Professional Services $ 2,605,117 $ 1,695,678 $ 800,329 $ 109,110 Commissions 55,500 24,000 31,500 0 Advertising and Promotion 7,274,361 7,220,453 40,310 13,598 Maintenance and Repairs 8,494,122 6,738,980 1,726,943 28,199 Business Meals and Entertainment 411,633 346,686 21,518 43,429 Special Events/Exhibits 202,618 168,070 1,400 33,148 Taxes and Licenses 83,476 83,476 0 0 Miscellaneous 1,224,895 1,791,755 (932,382) 365,522 Contributions 380,223 257,903 122,320 0 Royalties 8,198 8,198 0 0 Recruitment 6,140 0 6,140 0 Bad Debts 24,473 24,473 0 0 Insurance ' 3,073,579 212,229 2,861,350 0 Credit Card Expense 935,001 934,706 164 131 Dues and Subscriptions 173,224 122,616 37,208 13,400 Photography 330,726 327,277 2,125 1,324 Inventory Shrinkage (81,974) (114,738) 32,764 0 Automotive Operating Costs 123,576 15,829 107,747 0 Data Processing 149,545 91,988 7,519 50,038 Property and Real Estate Taxes 609,176 505,043 103,638 495 Discounts (38,101) 0 (38,101) 0 Sales and Use Tax Discount (20,027) 0 (20,027) 0 Solicitations 355,002 80,501 592 273,909 Laundry 177,990 163,617 14,373 0 Capitalized Expense (1,868,741) (537,413) (1,331,328) 0 Management Fee 17,313,456 17,313,456 0 0 Other Sub-Adman Fee (5,059,825) 2,449,206 (7,318,055) (190,976) Complimentary Tickets 774,963 520,406 240,134 14,423

TOTAL $ 37,718,326 $ 40,444,395 $ (3,481,819) $ 755,750

Colonial Williamsburg Foundation Attachment V E I N 54-0505888 Statement of Functional Expenses Form 990-Part 11-1-me 43 For the year ended 12/31/03

Fifty mayor buildings and four hundred fifty smaller structures have been rebuilt on their original

Colonial Williamsburg Foundation " Attachment VI E.I.N . 54-0505888 Statement of Program Service Accomplishments From 990-Part III For the year ended 12/31/03

MISSION

The Colonial Williamsburg Foundation is a nonprofit, tax-exempt educational organization founded to preserve and restore eighteenth-century Williamsburg . Responsibility for the Foundation rests with a Board of Trustees . The mission of The Colonial Williamsburg Foundation is to help the future learn from the past by preserving and restoring eighteenth-century Williamsburg and engaging, informing, and inspiring people as they learn about this historic colonial capital, the events that occurred here, and the diverse peoples who helped shape our new nation . During 2003, over seven hundred and sixty-eight thousand ticketed guests were able to take part in its educational programs .

OVERVIEW

The Foundation provides educational and cultural programs . Best known for its restored and reconstructed eighteenth-century buildings, the Foundation also operates the DeWitt Wallace Decorative Arts Museum, the Abby Aldrich Rockefeller Folk Art Museum, and Bassett Hall (the Rockefellers' Williamsburg home) .

Colonial Williamsburg is large and diversified, employing almost 1,900 men and women. The staff's duties include the research, preservation, and maintenance of the buildings and grounds ; interpretation of the exhibition buildings and trades ; publication of manuscripts and other scholarly works; production of educational films ; and curation and conservation of the collections of antiques and objects of art .

To serve guests and the community better, the Foundation opened the Bruton Heights School Education Center in April 1997 . The Bruton Heights School Education Center is located on a 30-acre campus within walking distance of the Historic Area . Bruton Heights, built, equipped, and partially endowed by gift funds, has unified the resources available for scholars, researchers, and the general public by combining library and collections and conservation facilities with space for research, audiovisual and educational outreach productions, and interpreter training . The Breton Heights School Education Center encompasses three buildings : the John D. Rockefeller, Jr . Library, the DeWitt Wallace Collections and Conservation Building, and the Breton Heights School .

In addition to unrestricted cash gifts, income from admissions, sale of crafts, reproductions, publications, and films, from the tavern and colonial houses operations, from the rental of retail space m the Merchants Square properties, and from the hotels and restaurants operated by the Colonial Williamsburg Company help pay for operations . A portion of the investment income, determined annually in accordance with polices established by the Board of Trustees, is available for operations . In 2003, over 102,000 donors made gifts and grants .

Scope of the Historic Area

Three hundred one acres comprise the Historic Area . In or next to the Historic Area stand eighty-eight original public buildings, shops, houses, taverns, and outbuildings . They include the President's House, the Brafferton, the Wren Building at the College of William and Mary, the Courthouse on Market Square, Breton Parish Church, the Magazine, and Wetherburn's Tavern . The George Wythe House, the Peyton Randolph House, the Thomas Everard House, the James Geddy House, and the St . George Tucker House are other surviving eighteenth-century structures .

Attach t VI (Continued)

Statement of Program Service Accomplishments From 990-Part III For the year ended 12/31/03

Williamsburg continued to be a county seat and home to two important institutions : the College of William and Mary and the Public Hospital for the insane . Although fires occasionally raged in parts of the old city, Williamsburg was spared mayor destruction . Eighteenth-century homes were repaired, renovated, and continued m use until the twentieth century .

Colonial Williamsburg Foundat~ E.I.N . 54-0505888

sites . The Governor's Palace, the Capitol, and the Public Hospital are examples . The reconstructed Raleigh Tavern, which opened in September 1932, was the first fruit of the archaeological, architectural, and historical research that informed their duplication .

Ninety acres of gardens and greens fashioned to eighteenth-century forms showcase the buildings . In addition, the Historic Area is surrounded by 3,000 acres of greenbelt owned or used by the Foundation .

Seeing the Historic Area

Over forty exhibitions and activities are open daily to Colonial Williamsburg guests . Two hundred twenty-five rooms are furnished with thousands of appropriate American and British antiques from Colonial Williamsburg's collection of furniture, paintings, ceramics, glass, silver, pewter, textiles, tools, and carpets .

Historical interpreters, attired as colonial workers, lawyers, tradespeople, actors, slaves, shopkeepers, gaolers, servants, and soldiers, relate the stories of eighteenth-century Virginia society and culture .

In over twenty Historic Area trade sites, artisans practice trades with the tools and methods of the time . All are highly skilled, several in nearly extinct trades . They include makers of shoes, baskets, furniture, wigs, cloth, harnesses, musical instruments and smiths of silver and iron . There are bakers, printers, bookbinders, tailors, housewrights, jewelers, engravers, carpenters, brickmakers, millers, milliners, spinners, weavers, and wheelwnghts .

Other Points of Interest

The DeWitt Wallace Decorative Arts Museum, named for the founder of the Reader's Digest, houses one of America's outstanding collections of British and American antiques . Its thirteen galleries include 8,000 objects from the late, seventeenth, eighteenth and early nineteenth centuries .

Twenty-six hundred examples of American folk painting, pastels, pen drawings, wood and metal sculptures, and work in other media are displayed at the Abby Aldnch Rockefeller Folk Art Museum . The museum will be closed to guests in 2005 as it prepares for a move to larger quarters .

Bassett Hall, an eighteenth-century residence near the Capitol, is furnished exactly as it was when John D. Rockefeller, Jr ., and his wife, Abby Aldrich Rockefeller, used the estate as their Williamsburg home in the 1930s and ̀ 40s . Set amid recently restored Colonial Revival gardens, it contains their important collection of American folk art and associated antiques .

History of Williamsburg

In 1699, Virginia's colonial capital moved from Jamestown to Williamsburg . In 1780, for reasons relating to military defense, a healthier climate, and a more central location, the capital of revolutionary Virginia moved to Richmond, where it remains today .

Attach t VI (Continued) E.I.N . 54-0505888 Statement of Program Service Accomplishments From 990-Part III For the year ended 12/31/03

Colonial Williamsburg's collections, acquired over the past 75 years, provide the objects and artifacts necessary to accurately re-create the environment of 18th-century Williamsburg, the colonial capital of Virginia . The archaeological collection includes 500,000 whole archaeological artifacts from excavations in and around Williamsburg as well as 50,000,000 bits and pieces ; probably the largest single archaeological holding relating to 18th-century America . The British and American antiques collection includes 60,000 objects : arms and equipment, ceramics, costumes and costume accessories, household items, furniture, musical instruments, games and toys, glassware, kitchen equipment, paintings, silver and other metals, textiles, and tools and equipment. Other specialized groups include artisan's tools and scientific instruments, 7,500 rare books, 15,000 historical manuscripts, and 2,000 original maps . Miscellaneous items include game counters, leather jugs, wigs, and horn cups.

Colonial Williamsburg Foundat~

Restoration began m 1926 when John D. Rockefeller, Jr ., inspired by the imagination of the Reverend W. A . R . Goodwin of Bruton Parish Church, deeded to return Williamsburg to its glory . Original eighteenth-century sites were acquired and their buildings were carefully returned to their colonial appearance . Nineteenth- and twentieth-century houses and buildings were moved, and, in their places, carefully researched reconstructions arose on original eighteenth-century foundations .

John D. Rockefeller, Jr ., contributed the funds necessary to accomplish the restoration and reconstruction and to establish an endowment to provide for Colonial Williamsburg's educational programs . Rockefeller himself contributed $68 million for the preservation of eighty-eight original structures and, to complete the scene, the reconstruction of fifty mayor edifices and many smaller buildings on their original sites . The Foundation also used Rockefeller funds to acquire surrounding properties to protect the Historic Area and provide public accommodations . Rockefeller's uncompromising standard of excellence continues to guide Colonial Williamsburg's modern-day development .

The Rockefeller's generosity set the standard for a development program that began in 1976, reaching out to supporters from all over the world . Leading the way, the Rockefeller family has given $100 million in support of Colonial Williamsburg . Other mayor Colonial Williamsburg donors include Lila and DeWitt Wallace and the DeWitt Wallace Fund for Colonial Williamsburg, the late Ambassador and Mrs . Walter Annenberg, Mr. and Mrs . Joseph H. Hennage, Mr. and Mrs. William R. Kimball, and Mr. and Mrs . Robert S. Wilson . Gifts to Colonial Williamsburg support the research, documentation, and interpretive framing fundamental to the presentation of programs in the buildings, trade saes, and museums ; acquisition and conservation of art ; preservation and maintenance ; production of publications and audiovisual programs-all of the Foundation's educational activities .

GENERAL PROGRAMS

The Historic Area is a 301-acre outdoor history museum with over 600 original and reconstructed houses, outbuildings, shops, taverns, and public buildings . Drawing from a collection of over 60,000 objects, Colonial Williamsburg furnishes, maintains, and interprets over 225 18th-century period rooms and craft shops . Historical interpreters offer tours through the houses, taverns, and public buildings . Craftspeople demonstrate 40 crafts known to have been practiced in 18th-century Williamsburg . Character interpreters portray a variety of historical residents of Colonial Williamsburg, including merchants, housewives, and slaves . Specialized tours are also available that focus on the African-American presence in Williamsburg, the role of women in the 18th-century, and the origins of the U.S . Constitution . Other special educational programs discuss such topics as decorative arts, historical archaeology, colonial architecture and town planning, landscaping, music, and African-American history and culture .

Attach tit VI (Continued)

Statement of Program Service Accomplishments From 990-Part III For the year ended 12/31/03

Funds are being raised for new and continuing education in interpreting history, museum programs, and related support facilities .

Colonial Williamsburg Foundatl3 E.I.N . 54-0505888

The decorative arts collection in the DeWitt Wallace Decorative Arts Museum includes the following : household furnishings in brass, copper, pewter, silver, and iron ; Chelsea porcelain, English delft and Staffordshire slip-decorated pottery, enameled salt-glazed stoneware, Wedgwood-Whieldon ware; paintings by Gilbert Stuart, Thomas Sully, John Wollaston, Charles Willson Peale ; organs, harpsichords, and all forms of stringed, percussion, and wind instruments known to 18th-century Williamsburg; Mortier's Chesapeake Map (ca . 1696) and the Captain John Smith Map (ca . 1624); dress and furnishing silks from the late 17th through the mid-19th centuries, brocaded silks, panted textiles, English and Oriental carpets, needlework, a number of women's gowns and men's suits replete with accessories ; and examples of nearly every type of household furniture made and used during the colonial period .

Through the Abby Aldrich Rockefeller Folk Art Museum (AARFAM), Colonial Williamsburg also maintains a collection of over 5,000 objects of American folk art . This collection is designed to foster an appreciation for the aesthetic quality and educational value of American folk art and includes oil paintings, watercolors, pastels, calligraphic drawings, three-dimensional carvings and sculptures, painted furniture, household ornaments, quilts, and coverlets .

Bassett Hall, a restored 18th-century house, is exhibited as Mr. and Mrs . John D . Rockefeller, Jr . furnished it in the 1930s and ̀ 40s . Over 125 objects of American folk art collected by Mrs. Rockefeller are displayed there . Guests may also view native Virginia flora and fauna m the woods beyond the house .

Through technology, Colonial Williamsburg offers electronic field trips that link students from every corner of America for history lessons that are unforgettable . These programs are transmitted to schools live, through a satellite link with PBS stations, cable operators, and directly to schools with satellite facilities . The television program offers eighteenth-century historical dramas along with opportunities to speak directly with historical interpreters at Colonial Williamsburg. The programs offered during 2003 include Influenced by None, Chained to the Land, Jefferson's West, Crossroads, Soldier of Liberty, Missions to America, and A Day in the Life . Colonial Williamsburg donates electronic field trips to partnership schools in the Williamsburg area and awards scholarships to local PBS stations through the nation to broadcast the programs in their areas .

The Teacher Institute in Early American History is designed for elementary school and middle/high school teachers who teach United States history and government . The week-long workshops immerse participants in early American history "on location" in Williamsburg and nearby Jamestown and Yorktown . Participants are involved in an interdisciplinary approach to teaching social studies with colonial American history as the focus . Teachers have the opportunity to exchange ideas with noted historians, meet character interpreters, and take part in reenactments of eighteenth-century events .

SPECIAL EVENTS

Colonial Williamsburg offered special programs for the interested amateur as well as the advanced collector and scholar in 2003 . During January, 162 participants attended the Textile Art Studies conference, 187 participants attended The Language of Clothing, and 413 participants attended the Working Wood in the 18't' Century conference . In February, 507 collectors, curators, and graduate students came to Williamsburg for the annual Antiques Forum. In April, 139 gardeners were introduced to the full range of the garden's sensual appeal and provided with practical advice on how to cultivate for all the senses m every garden . In December, 91 participants attended A Williamsburg Christmas conference.

Attach tit VI (Continued)

HISTORIC AREA RENTALS

During special events, employees may allow their homes to be open to the general public for tours . All Historic Area Residences are decorated for the Foundation's annual Grand Illumination celebration . In 2003, sixty-eight homes were rented by employees .

Colonial Williamsburg FoundatOn E .I.N . 54-0505888 Statement of Program Service Accomplishments From 990-Part III For the year ended 12/31/03

In order to serve historical accuracy and the interest of the Foundation, the Historic Area has remained a predominantly residential community . Employees have the opportunity to rent houses and live m the Historic Area . The employee's duties, representational role m the Foundation, and familiarity with sound conservation practices are some of the factors used in the assignment of a Historic Area Residence .

U

Colonial Williamsburg Foundation E.I.N . 54-0505888 Other Notes Receivable Form 990-Part IV-Line 51 For the year ended 12/31/03

Attachment VII

Note receivable from Williamsburg Developments Inc ., a second tier subsidiary, in the amount of $891,284 . Interest accrues on the balance at a rate of 7 .75% per annum, compounded annually . Interest on note shall be due and payable on the third anniversary of the note, and each anniversary thereafter until the entire indebtedness evidenced by the note is fully paid . Principal was due and payable on the tenth anniversary of the note, or September 25, 2002. $ 891,284

0

Attachment VIII

$ 634,739,838 Total Investment Securities

CJ

Colonial Williamsburg Foundation E.I.N . 54-0505888 Investment Securities at Market Value Form 990-Part IV-Line 54 For the year ended 12/31/03

Equines Fixed Income Money Market Investments Absolute Return Strategies Real Estate/Oil and Gas

$ 390,075,337 109,478,743

7,933,129 98,571,394 28,681,235

0

Attachment IX

Investment Other- Investment m Subsidiary $97,131,207

Colonial Williamsburg Foundation E.I.N . 54-0505888 Investments, Other Form 990-Part IV-Line 56 For the year ended 12/31/03

$ 376,630,243 Total

CJ

Colonial Williamsburg Foundation E.I.N . 54-0505888 Investments - Land, Buildings, and Equipment Form 990-Part IV-Line 57 For the year ended 12/31/03

Land Buildings and Improvements Furniture and Equipment Collections Capital Projects in Progress

Total

Less Accumulated Depreciation : Buildings and Improvements (123,376,087) Furniture and Equipment (44,921,967)

Attachment X

$ 51,066,618 350,765,711 58,459,223 50,032,158 34,604,587

544,928,297

(168,298,054)

r~ L

Attachment XI

Total Other Assets $ 47,551,945

Colonial Williamsburg Foundation E.I.N . 54-0505888 Other Assets Form 990-Part IV-Line 58 For the year ended 12/31/03

Cash Surrender Value-Life Insurance $ 413,027 Deferred Bond Cost 473,740 Interfund Receivable 23,129,663 Pooled Income Fund 1,169,044 Various Unitrusts 14,933,036 Gift Annuities 4,427,939 Deferred Income Taxes 1,913,375 Other 1,092,121

Attachment XII

Total Mortgages and Notes Payable $ 175,559,133

Colonial Williamsburg Foundation E.I.N . 54-0505888 Mortgages, Notes and Bonds Payable Form 990-Part N-Line 64 For the year ended 12/31/03

Tax exempt Museum Revenue Bonds; $10,000,000 secured by a letter of credit, interest payable monthly at variable rates averaging 1 .16% at December 31, 2003 : 1988 issue callable through 2014; matures m 2018 1994 issue callable in 2004 and 2009; matures in 2014 1995 issue callable in 2005 and 2010; matures m 2015 1996 issue callable in 2006; matures in 2011 1998 issue callable in 2003; matures in 2008 2002 issue callable in 2007, 2012 and 2017; matures m 2022. $ 43,120,000

Tax exempt bonds; secured by letter of credit ; interest payable monthly at variable rate ; subject to redemption prior to maturity ; due 2035 . 25,000,000

Total Tax-Exempt Bond Liabilities $ 68,120,000

Suntrust; unsecured note ; interest payable monthly at variable short-term borrowing rates ; due 2005 . $ 20,000,000

Suntrust and First Union; due on demand with interest payable monthly at variable short-term borrowing rates not exceeding prime. 15,000,000

Unsecured revolving credit line ; interest payable monthly at variable short-term borrowing rates ; due 2005 . 63,800,000

Unsecured term loan ; interest payable monthly at variable short-term borrowing rates ; due 2010 . 76,706,796

Mortgage note ; payable in annual installments including interest at 4%; payments due through 2019 . 52,337

0

Attachment XIII

Deferred Income Accrued Long Term Disability and Retirement Other Liabilities

$ 40,641,420

r Colonial Williamsburg Foundation E.I.N . 54-0505888 Other Liabilities Form 990-Part N-Line 65 For the year ended 12/31/03

$ 12,049,632 19,035,463 9,556,325

Colonial Williamsburg Foundation Attachment XN E.I .N . 54-0505888 List of Officers Forth 990-Part V For the year ended 12/3 1/03 Contributions to

Employee Other Compensation Benefit Plans Allowances

Tide, Name & Address (Column C) (Column D) (Column E)

Senior Vice President and Secretary John S . Bacon $ 246,372 $ 78,458 $ 3,203 134 N Henry Street Williamsburg, VA 23185

President and CEO Color G Campbell 470,724 * 92,305 44,016 134 N . Henry Street Williamsburg, VA 23185

Vice President Cary Carson 121,876 92,537 0 301 First Street Williamsburg, VA 23185

Senior Vice President (resigned during 2003) Edward S . Dunn, Jr . 341,510 . 17,502 0 134 N . Henry Street Williamsburg, VA 23185

Vice President James L Easton 207,379 . 30,548 4,192 201 Fifth Street Williamsburg, VA 23185

Vice President Rex M . Ellis 157,189 ' 55,597 2,780 108 W. Duke of Gloucester Street Williamsburg, VA 23185

Vice President (resigned during 2003) Christine Hoek 255,577 . 11,516 13,520 134 N . Henry Street Williamsburg, VA 23185

Vice President Andrew Hungerman, Ill 230,562 . 71,011 6,212 134 N . Henry Street Wdliamsburg, VA 23185

Vice President Ronald Hurst 144,881 . 41,864 2,780 309 First Street Williamsburg, VA 23185

s

Column E includes auto and housing allowances, reimbursed spousal travel, golf and fitness club memberships, and moving expenses .

Colonial Williamsburg Foundation Attachment XN (Continued) E I .N . 54-0505888 List of Officers Forth 990-Part V For the year ended 12/31/03 Contnbutions to

Employee Other Compensation Benefit Plans Allowances

Title, Name & Address (Column C) (Column D) (Column E)

Vice President Laura Loda 183,724 . 28,990 2,780 427 Franklin Street Williamsburg, VA 23185

Vice President Richard L . McCluney,Jr . 142,784 $ 51,012 146 301 First Street Williamsburg, VA 23185

Vice President Beanix Rumford 149,069 93,076 134 N . Henry Street Williamsburg, VA 23185

Senior Vice President Robert B . Taylor 307,920 . 28,341 10,606 134 N Henry Street Williamsburg, VA 23185

General Counsel 153,366 . 17,863 Gail M. Waddell 134 N . Henry Street Williamsburg, VA 23185

Vice President Katherine H . Whitehead 197,422 42,367 0 134 N . Henry Street Williamsburg, VA 23185

$ 3,310,355 $ 752,987 $ 90,235

Note l : All Officers are paid bi-weekly based on a 37.50 hour work week . There were 27 paypenods in 2003, which resulted m reported compensation and benefits that were approximately 4% higher than in normal years with 26 paypenods . Note 2: See also Schedule A, Part III, Line 2 . (Attachment XVII)

" Officers hired after April 1996 . In addition to current year compensation, Column C includes a supplemental retirement contnbuhon for these officers, who are not eligible for the Foundation's deferred compensation or supplemental retirement plans.

Column D includes the Foundation's portion of health care costs, life insurance, travel accident and accidental death and dismemberment costs, long term disability insurance, and the 2003 increase m the value of benefits earned under the Foundation's Retirement Income Plan for Employees . For officers appointed before April 1996, Column D also includes any 2003 allocations to the Foundation's deferred compensation plan and the 2003 increase m the value of benefits earned under the supplemental retirement plan . Officer salary deferrals for the 401(k) plan and medical spending accounts are also shown m Column D . The Foundation does not match officer contnbutions to the 401(k) plan . The Foundation provides officers with liability insurance or indemnification with respect to his or her obligations as an officer or fiduciary No amount has been estimated for the value of this coverage . The benefits received by each officer are taken into account in establishing, and are considered part of, the officer's compensation for services rendered .

Note : Foundation Trustees do not receive any compensation . Travel to Board meetings is reimbursed upon request.

Colonial Williamsburg Foundation Attachment XV E.I.N . 54-0505888 Members of Board of Trustees Form 990-Part V For the year ended 12/31/03

Colin G. Campbell Chairman, President and CEO Williamsburg, Virginia

Richard G. Tilghman Vice Chairman Richmond, Virginia

George B. Beitzel Chairman Emeritus Chappaqua, New York

Charles R. Longsworth Chairman Emeritus Royalston, Massachusetts

Norman R. Augustme Bethesda, Maryland Afsaneh M. Beschloss Washington, D.C . Antoinette Cook Bush Washington, D.C . Marshall N . Carter New York, New York Joshua P. Darden, Jr. Norfolk, Virginia John R. Donnell, Jr . Atlanta, Georgia Pamela P . Flaherty New York, New York Anthony M. Kennedy Washington, D.C . Andrea Mitchell Washington, D.C . Richard D. Parsons New York, New York Gordon F. Rainey, Jr . Richmond, Virginia Richard D. Roberts Virginia Beach, Virginia Sharon P. Rockefeller Arlington, Virginia Estelle N. Tanner New York, New York Edmond D. Villani New York, New York Gordon S. Wood Providence, Rhode Island Richard B. Worley West Conshohocken, Pennsylvania

Attachment XVI

Line 93(a), Admissions

Revenues in this category are derived from the sale of reproductions, adaptations and interpretations of items in the Foundation's collections . All of these activities contribute significantly to the Foundation's purpose of teaching the history and social culture of early America .

Colonial Williamsburg Foundation E .I.N . 54-0505888 Relationship of Activities to Exempt Purposes Form 990-Part VIII For the year ended 12/31/03

An admission ticket to the historic area of Colonial Williamsburg allows the visitor to see a variety of exhibits including historic trades programs, homes, and government facilities recreated as they existed in the 18`h century . It also allows the visitor to view two separate art galleries . This relates directly to the Foundation's purpose of teaching the history of early America .

Line 93(c), Tavern and Colonial Houses

Revenues in this category are derived from taverns and accommodations in which the food and service are presented in the style of the 18" century . Servers in the taverns are in period dress and interpret the 18`h century dining experience. Accommodations are provided m original and restored buildings decorated in originals or reproductions of furniture from the 18`h century . This relates directly to the Foundation's purpose of restoring, recreating and interpreting 18th century Williamsburg .

Line 93(e), Special Events and Other

Special Events are in-depth courses conducted in a conference setting over several days . In keeping with our mission that the future may learn from the past, the topics that are offered include decorative arts, gardens, history, black studies, and others . Revenues m this category are derived from sales of 18`h century items produced in historic trades exhibits, special tours of the historic area and performances of plays from the 18`x' century . All of these activities contribute importantly to the Foundation's purpose of teaching the history and social culture of early America .

Line 102, Gross Profit or (Loss) from Sale of Inventory

During 2003, the Foundation purchased services from organizations with which certain Trustees are affiliated . All of these activities were arms length transactions .

Is 9

Colonial Williamsburg Foundation Attachment XVII E.I.N. 54-0505888 Form 990-Schedule A-Part III-Line 2 For the year ended 12/31/03

The Foundation does not give preferential treatment to its trustees and principal officers . There are certain transactions between the Foundation and its employees, including some of its principal officers . The following are believed to be the most important examples :

A . The Foundation operates colonial gift shops and a colonial craft store . The employees of the Foundation and its subsidiary, including the officers and trustees, are encouraged to purchase crafts and furniture from the Foundation's own stores for the purpose of utilizing in their own homes colonial type furnishings related to the period on which the Foundation focuses . The Foundation allows a 25 percent discount on purchases to encourage this use . The Foundation owns certain restored houses in the historic area, and some of the officers and employees live in these houses upon the payment of reasonable rent. In addition, the Foundation requires the President to live in a house in the historic area to better facilitate the performance of his duties, and the house is provided free .

B . The Foundation offers financing to officers for the purchase of life insurance . No interest is charged on insurance loans . Life insurance loans are for a one-year term and the annual premium is repaid over bi-weekly pay periods . The Foundation will extend credit to its trustees for the purchase of goods and services it provides . However, the terms of credit so extended are the same as applies to the general public .

C . Upon the liquidation of Williamsburg Restoration, Inc . in 1970, the Foundation acquired a golf course and tennis and swimming facilities connected with the Williamsburg Inn . All employees of the Foundation and its subsidiary, including officers and trustees, may use these facilities at a cost below that paid by the general public .

D. The compensation of officers and trustees has been set forth under Part V, Form 990.

E. No part of the income or assets of the Foundation has been transferred to any officer, trustee or other employee . Trustees do not receive any compensation . Travel to Board meetings is reimbursed upon request.

The Colonial Williamsburg Foundation gave scholarships to three area high school students . The recipients are chosen independently by their respective high schools . The purpose m awarding scholarships is to broaden educational opportunities within the community . Three scholarships in the amount of $1,000 were awarded in 2003 .

Colonial Williamsburg Foundation Attachment XVIII E.I.N. 54-0505888 Form 990-Schedule A-Part III-Line 3 For the year ended 12/31/03

While the Foundation does support various general charitable organizations, it does not generally make disbursements to individuals or organizations in furtherance of its exempt programs, except as discussed in the next paragraph .

Attachment XIX

Alabama Mississippi Alaska Missouri Arizona New Hampshire Arkansas New Jersey California New Mexico Colorado New York Connecticut North Dakota District of Columbia Ohio Florida Oklahoma Georgia Oregon Illinois Pennsylvania Kansas Rhode Island Kentucky South Carolina Louisiana Tennessee Maine Utah Maryland Virginia Massachusetts Washington Michigan West Virginia Minnesota Wisconsin

Colonial Williamsburg Foundation E.I.N . 54-0505888 State Filings of Form 990 Form 990-Part VI-Line 90(a) For the year ended 12/31/03

u

Relationship to Donee Activity Amount Foundation

George Wilson Scholarship $ 1,000 None Williamsburg, VA 23188

Casandra Maimone Scholarship $ 1,000 None Williamsburg, VA 23185

Henry Randolph Scholarship $ 1,000 None Williamsburg, VA 23185

is 0

Colonial Williamsburg Foundation Attachment XX E .I.N . 54-0505888 Grants and Allocation Form 990-Part II-Line 22 For the year ended 12/31/03

Attachment XXI

Unrealized Gain on Endowment $ 110,662,449

0 0

Colonial Williamsburg Foundation E.I.N . 54-0505888 Statement of Revenues, Expenses and Changes In Fund Balance Form 990-Part I-Line 20 For the year ended 12/31/03

0

(E) (A) (B) (C) (D) Related of

Business Exclusion exempt function code Amount code Amount income

2,749,565 42 50,000

Special Events and Other Sponsorship Payments

is

Colonial Williamsburg Foundation E.I.N . 54-0505888 Program Service Revenue Form 990-Part VII-Line 93e For the year ended 12/31/03

Attachment XXII

Director

Alternate Mailing Address - Enter the address if you want the copy of this application for an returned to an address different than the one entered above . n- ;

Name

--Type or I- Number and-street Include suite, room; or apt . no:) Or a P.O . box number - -------- -- - - --- -print

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

Form 8868 (12-2000)

Form 8868 (12-2000) 0 ~ Page

* If you are fling for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box . . " N1 Note: Only complete Part 11 if you have already been granted an automatic 3-month extension on a previously filed Form 8868. ~ If ycu are fling for an Automatic 3-Month Extension, complete only Part I (on page 1) .

Additional not automatic 3-Month Extension of Time-Must File Original and One -Co py, Type or Name of Exempt Organization : : '. . ', Employer identification number print COLONIAL WILLIAMSBURG FOUNDATION 54 : 0505888 File by the Number, street, and room or suite no . If a P.O . box, see instructions . For IRS use only extended due date for p,0 . BOX 1776 filing the City, town or post office, state, and ZIP code for a foreign address, see instructions return . See , instructions. WILLIAMSBURG, VA 23187-1776 Check type of return to be filed (File a separate application for each return) : 0 Form 990 D Form 990-EZ 0 Form 990-T (sec . 401(a) or 408(a) trust) El Form 1041-A El Form 5227 EJ Form 8870 0 Form 990-BL D Form 990-PF 0 Form 990-T (trust other than above) El Form 4720 0 Form 6069

STOP : Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.

" If the organization does not have an office or place of business in the United States, check this box " If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box " El . If it is for part of the group, check this box " El and attach a list with the names and EINs of all members the extension is for. 4 I request an additional 3-month extension of time until November 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . 2004 5 For calendar year?003__ , or other tax year beginning--7.7-7 . . . . . . . . . . . ._ . ._ . , 20 . . . . and ending . . . . . . . . . . . . . . . . . . . . . . 20 . . . . . 6 If this tax year is for less than 12 months, check reason : D Initial return D Final return D Change in accounting period 7 State in detail why you need the extension Additional time is needed to compile the necessary

information to file a complete and.accurate_return .

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits See instructions . . . . . . . . . . . . . . . . . . . , , , $

b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made . Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 . . . . . . . . . . . . . . . ,

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

Signature and Verification Under penalties of penury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, end that I am authorized to prepare this form

JMAX,.L. tni~~,Q Title 1~ Vice President Date 11- g11oLb 0 -Y Notice to Applicant-To Be Completed by the IRS

We have approved this application Please attach this form to the organization's return . D 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 due

date of the organization's return (including any prior extensions). This grace period is considered to be a valid extension of time for elections otherwise required to be made on a timely return . Please attach this form to the organization's return .

0 We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file . We are not granting a 10-day grace period . /~ We cannot consider this application because it was filed after the due date of the return for which an ew1~n~~ ested .

0 Other

A6620-2004 By.