Form

990

OMB No 1545.0047

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(aXl) of the Internal Revenue Code (except black lung benefit trust or private foundation) ^ The organization may have to use a copy of this return to satisfy state reporting requirements , 2006 , and ending
o C IIRS labels

2006
Open to Public Inspection
Employer Identification Number

Department of the Treasury

Internal Revenue Service A

B Check if applicable

For the 2006 calendar y ear, or tax year beginning

Address change

Name change
Initial return Final return Amended return

or rent o rS eee. S ee

specific Instructions.

VELVET REVOLUTION US 8100 BEECH TREE RD. BETHESDA, MD 20817

F

20-1935517Telephone number

metho s^^g Other (specify) "

Cas h

Li

Accrual

Application pending

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

H andl are not applicable to section 527 organizations H (a) Is th i s a group return for affiliates? H (b) if 'Yes,' enter number of affiliates 0'
H (c) Are all affiliates mcluded7. (If 'No,' attach a list See instructions ) jj Yes No

Yes

No

G
J

Web site: 01 N/A

Organization type check onl y one)

501(c)

4 -4

(insert no )

4947(a)(1) or

527

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

Check here O'Hif the organization is not a 509(a)(3) supporting organization and its gross receipts are normally not more than $25,000 A return is not required, but if the

organization covered by a group rulings I Grou p Exem p tion Number 0.

Yes

X No

Check ^ M if the organization is not required to attach Schedule B (Form 990, 990-EZ, or 990-PF) ^ 152, 318. L Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12 .Part+ l-,-, Revenue , Ex p enses , and Chan g es in Net Assets or Fund Balances (See the instructions. 1 Contributions , gifts, grants, and similar amounts received1a a Contributions to donor advised funds b Direct public support (not included on line la ) 1 b -_ ` 152 ,318. c Indirect public support (not included on line 1 a) 1c d Government contributions (grants ) (not included on line la) 1d 152, 318 . noncash $ ) 1e 152,318. e 1atthroughlId) (cash $ 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 3 Membership dues and assessments 3 4 Interest on savings and temporary cash investments .. 4 5 Dividends and interest from securities 5 6a Gross rents 6a b Less . rental expenses . . . 6b : R E v N u 7 c Net rental income or (loss) Subtract line 6b from line 6a Other investment income (describe (A) Securities 8a 8b 8c (B) Other 6c 7 n' 'i

organization chooses to file a return, be sure to file a complete return

8a Gross amount from sales of assets other than inventory . . b Less: cost or other basis and sales expenses c Gain or (loss) (attach schedule) 9

d Net gain or (loss) Combine line 8c, columns (A) and (B) ... 8d Special events and activities (attach schedule ). If any amount is from gaming , check here . ` a Gross revenue (not including $ of contributions 1 `', 74, reported on line l b) ... ... ... h ^^ 9a 0 b Less: direct expenses other than fundraising expenses .. 9b =ua ` c Net income or (loss ) from special events . Subtract line 9b from line 9a . .. 9c 10a Gross sales of inventory , less returns and allowances . .. 10 a b Less : cost of goods sold . .. 10 b c Gross profit or ( loss) from sales of inventory (attach schedule). Subtract line 10b from line 10a .... 10c Qr 11 Other revenue (from Part VII , line 103 ) .. ^^^ .. . 11 12 T ota l revenue . A dd lines le, 2, 3, 4 , 5, 6c, 7 , 8d, 9c , 10c, and 11 12 E 13 Program services (from line 44 , column (B)) 13 x 14 Management and general (from line 44 , column (C)). 2. 2007 .. Q 14 J UL 15 Fundraising (from line 44, column (D)) .. aD 15 N s 16 Payments to affiliates (attach schedule) ^ gq^ 16 S 17 T o t a l ex p enses . A dd l ines 16 and 4 4 , column (A) l^,Jl l 17 A 18 Excess or (deficit) for the year Subtract line 17 from line 12 . . . 18 N S 19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 T T 20 Other changes in net assets or fund balances (attach explanation) 20 s 21 Net assets or fund balances at end of year Combine lines 18, 19, and 20 21 BAA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . TEEA0109L 0122/07

cY:

152,318. 128,732.

128, 732 . 23,586. 0.

23,586.
Form 990 (2006)

,-1O

(-

990 (2006 )
Partjl,'

VELVET REVOLUTION US

20 -1935517

' Statement of Functional Expenses All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others. . ! (A) Total (B) Program services (C) Management and general (D) Fundraising

Do not include amounts reported on line 6b, 8b, 9b, lob, or 16 of Part 1. 22a Grants paid from donor advised funds (attach sch) (cash $ non-cash $ ) If this amount includes foreign grants, check here 0 22b Other grants and allocations (att sch) (cash $ non-cash $ ) If this amount includes foreign grants, check here 23 24 Specific assistance to individuals (attach schedule) Benefits paid to or for members

r ,_ ' 22a ys,^

h x#' 22b 23 'rr^ ,: , , y -; ;^;; ^ w.-? .

Y+'

(attach schedule)
25a Compensation of current officers, directors, key employees, etc listed in Part V-A (attach sch^ b Compensation of former officers, directors, key employees, etc listed in Part V-B (attach sch c Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) (attach schedule) 26 27 28 Salaries and wages of employees not included on lines 25a, b, and c Pension plan contributions not included on lines 25a, b, and c

24
25a

2,253.
0.

2,253.
0. 01 0.

25b

0.

0.

0.

0.

25c 26 27 28 29 30 31 32 33 34 35

0.

0.

0.

0.

Employee benefits not included on lines 25a - 27 29 Payroll taxes 30 Professional fundraising fees 31 Accounting fees 32 Legal fees 33 Supplies 34 Telephone 35 Postage and shipping

745.

745.

28 , 095.
2, 992.- 820.

28 , 095.
2, 992.
820.

36 Occupancy
37 38 39 41 42 43 b Equipment rental and maintenance Printing and publications . Travel Interest Depreciation, depletion, etc (attach schedule) Other expenses not covered above (itemize):

36
37 38 39

433. 1 650.
48 , 293. ' 5 , 983. 9 , 343.

433. 1 , 650. 48,293. 5 , 983.

9 , 343.

40 Conferences, conventions, and meetings

40
41 42

a INDEPENDENT CONTRACTORS 43a - ------------------ -----------------c------------------d------------------e------------------f ------------------9------------------44 Total functional expenses. Add lines 22a 43b 43c 43d 43e 43f 43

28,125.

28,125.

throw h 43g. (Or anizations completing columns B) -g(D), car these totals to Imes 13 - 15

44

128 732.

128 732.

0.

0. -

Joint Costs . Check N^u if you are following SOP 98-2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in(B) Program services ? Yes XN No If 'Yes,' enter (i) the aggregate amount of these joint costs $ ; (ii) the amount allocated to Program services $ (iii) the amount allocated to Management and general and (iv) the amount allocated $ to Fundraising $

BAA

TEEA0102L 01/23/07

Form 990 (2006)

Form 990 (2006 ) VELVET REVOLUTION US Statement of Program Service Accomplishments P..a'rf III'

20-1935517

Page 3

Form 990 is available for public inspection and , for some peo p le, 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 accomplishment s __ ______ ___ Program Service Expenses What is the organization ' s primary exempt purpose? ^ -See- S t atem ent 1nd All organizations must describe their exempt purpose achievements in a cle and concise manner. State the number of ^4 iorgan zatiofns anda clients served p u^ blications issued , etc Discuss achievements that are not meal rable (Section 501(c)(3) and (4) organ4947(a)(1) trusts, but izations and 47 (a)( 1 ) nonexem p t charitable trusts must also enter the amount of grants anti allocations to others. ) 94 optiona l for others )

_ a EDUCATE ABOUT- CIVIL RIGHTS AND-GOOD GOVE RNME NT . _

WE_ HAVE_ PLACED_ ADS, _

ISSUED_PRESS_ RELEASES , _HELD_ CONFERENCES, INITIATED_LEGAL_ ACTION, RUN A_ _ WEBSITE, AND PASSED OUT FLYERS -TO- EDUCATE TTIZENS 771 -------------------------------------------------(Grants and allocations b $ ) If this amount includes forelon arants . check here fl 128,732. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------(Grants and allocations $ ) If this amount includes foreign grants, check here fl

C ----------------------------------------------------------------------------------------------------------------------------------------------------------------

---------------------------------------------------Grants and allocations If this amount includes foreign grants, check here $ 17 d -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------(Grants and allocations $ ) If this amount includes forelpn grants, check here 7 -01-17 e Other program services (Grants and allocations $ ) If this amount inc lud es foremen grants , check here f Total of Program Service Expenses (should equal line 44, column (B), Program services).. ^ BAA

128,732. Form 990 (2006)

TEEAD103L

01/18/07

Form 990 (2006) VELVET REVOLUTION US ;Part<IVt; Balance Sheets (See the Instructions.)
Note : 45 46 Where required, attached schedules and amounts within the description column should be for end-of-year amounts only Cash - non-interest-bearing Savings and temporary cash investments 47a 47b 48a 48b

20-1935517
(A) Beginning of year 45 46

Page 4

(B) End of year 23,586.

47a Accounts receivable. b Less allowance for doubtful accounts 48a Pledges receivable b Less allowance for doubtful accounts 49 Grants receivable

47c

48c 49 50a 50b .: =f

50 a Receivables from current and former officers, directors, trustees, and key employees (attach schedule) b Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) (attach schedule)
A s

E T

51 a Other notes and loans receivable (attach schedule) b Less- allowance for doubtful accounts 52 Inventories for sale or use 53 Prepaid expenses and deferred charges 54a Investments - publicly-traded securities b Investments - other securities (attach sch) 55a Investments - land, buildings, & equipment: basis b Less- accumulated depreciation (attach schedule) 56 Investments - other (attach schedule) 57a Land, buildings, and equipment: basis

51 a 51 b

8 Cost Cost 55a

FMV FMV

51 c 52 53 54a 54b C-y

55b 57a

55c 56

L A I T
E S

b L ess: accumu l a t e d d eprecia ti on 57b (attach schedule) 58 Other assets, including program-related investments (describe ) -----------------------------59 Total assets (must equal line 74) . Add lines 45 through 58 ... 60 Accounts payable and accrued expenses . . 61 Grants payable .. .. . 62 Deferred revenue ... Loans from officers, directors, trustees, and key employees (attach schedule) ... .. 64a Tax-exempt bond liabilities (attach schedule) b Mortgages and other notes payable (attach schedule) 65 Other liabilities (describe . 66 Total liabilities . Add lines 60 through 65 . 63 . . . ... .. .. ...

57c 58 59 60 61 62 63 64a 64b 0. 66 0.

0.

23,586.

...

Organizations that follow SFAS 117, check here ^ fl and complete lines 67 through 69 and lines 73 and 74. I A 67 Unrestricted . . . . ... . .. 67 9 68 Temporarily restricted ... ... . . .. 68 69 Permanently restricted 69 o Organizations that do not follow SFAS 117, check here ^ X^ and complete line s R 70 through 74 70 Capital stock, trust principal, or current funds... ...... ... ... 70 71 Paid-in or capital surplus, or land, building, and equipment fund 71 s A 72 Retained earnings, endowment, accumulated income, or other funds... 72 i N 73 Total net assets or fund balances . Add lines 67 through 69 or lines 70 through '-= "A E 72. (Column (A) must equal line 19 and column (B) must equal line 211 0. 73 74 Total liabilities and net assetslfund balances . Add lines 66 and 73 0. 74 BAA

23,586.

23 , 5 8 6.
23,586.
Form 990 (2006)

TEEAO 1 o4L

01 n 8107

Form 990 (2006)

VELVET REVOLUTION US

20-1935517

Page 5

FPart`N-A Reconciliation of Revenue per Audited Financial Statements with Revenue per Return (See the _ _ instructions.)
a b Total revenue, gains, and other support per audited financial statements Amounts included on line a but not on Part I, line 12: 1 Net unrealized gains on investments 2Donated services and use of facilities ... 3Recovenes of prior year grants .. . 40ther (specify) --------------- -------------------- --Add lines b1 through b4 . . Subtract line b from line a . . Amounts included on Part I, line 12, but not on line a: 1 Investment expenses not included on Part I, line 6b _ 20ther (specify) ----------------------------------Add lines dl and d2 Total revenue (Part I, line 12) Add lines c and d t7 2 a b1 b2 b3 N/A

c d

b c

i
d e

{Parf l
a b

Bu Reconciliation of Ex penses p er Audited Financial Statements with Ex penses p er Return

a 1-1 b1 b2 b3 N/A

c d

Total expenses and losses per audited financial statements Amounts included on line a but not on Part I, line 17: 1 Donated services and use of facilities 2Pnor year adjustments reported on Part I, line 20 .. 3Losses reported on Part I, line 20 40ther (specify)---------------------------- ------------------------------------- --Add lines b1 through b4 Subtract line b from line a Amounts included on Part I, line 17, but not on line a: 1 Investment expenses not included on Part I, line 61a .... 20ther (specify): ------------------------------------- d -

sd

b4
b c d1 d2 l

Add lines dl and d2.

e Total ex p enses (Part I, line 17). Add lines c and d ...

....

d
e

tPArt"04-,, Current Officers , Directors , Trustees , and Key Employees (List each person who was an officer, director, trustee,
or key employee at any time during the year even if they were not compensated) (See the instructions.) (A) Name and address (B) Title and average hours per week devoted to position (C) Compensation (if not paid, enter -0-) (D) Contributions to employee benefit plans and deferred compensation plans (E) Expense account and other allowances

JEFF COHEN -------------------8416 WESTMONTTERRACE BETHESDA, MD 20817 BRAD FRIEDMAN --------------------7107 HILLSIDE-AVE -------------------LOS ANGELES, CA 90046
----------------------------------------------------------------------------------------------------------------------------------------------

Executive Direc 0 Director 0

0.

0.

0.

0.

0.

0.

BAA

TEEA0105L amerol

Form 990 (2006)

Form 990 (2006) VELVET REVOLUTION US

20-1935517

`Pa -t,'V41, Current Officers , Directors , Trustees , and Key Em p lo yees (continued)

Page 6 Yes No

75a Enter the total number of officers , directors , and trustees permitted to vote on organization business as board meetings 1^2_ b 'Are any officers , directors , trustees , or key employees listed in Form 990 , Part V - A, or highest compensated employ ees F listed in Schedule A , Part I , or highest compensated professional and other inde p endent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships? If 'Yes ,' attach a statement that 75b identifies the individuals and explains the relationship ). .. . . X c Do any officers , directors, trustees, or key employees listed in form 990, Part V - A, or highest compensated employees listed in Schedule A, Part I , or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B , receive compensation from any other or g anizations , whether tax exempt or taxable , that are related to the organization ? See the instructions for the definition of 'related organization' ..... . 75c X If 'Yes,' attach a statement that includes the information described in the instructions. 75d X d Does the organization have a written conflict of interest polic y ? " ParY/- B! I Former Officers , Directors , Trustees , and Key Employees That Received Compensation or Other Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits in the appropriate column See the instructions ) (E) Expense ( D) Contributions to (C) Compensation (B) Loans and (if not paid , employee benefit account and other (A) Name and address Advances enter -0 -) plans and deferred allowances compensation plans

None ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Other Information (See the instructions.

Did the or g anization make a chan g e in its activities or methods of conductin g activities? If 'Yes,' attach a detailed statement of each change. ... ..... . .. 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 filed a tax return on Form 990 -T for this year? . .. .. .. .. 76 79 Was there a li q uidation , dissolution , termination , or substantial contraction durin g the year? If ' Yes,' attach a statement . . . .. . " . 76 77 78a 78b 79 80a

Yes

No

-'` L= LL X , X X

NIA
X X j X

80a Is the organization related (other than b y association with a statewide or nationwide or g anization ) throu g h common membership , governing bodies , trustees , officers , etc, to any other exempt or nonexempt organization ? ...

b If 'Yes,' enter the name of the organization ^ _JU_S_T I C_E_ _THR_O_UG_H_ _MUS_IC _PROJECT
_____________ ________and check whether it is 81 a Enter direct and indirect political expenditures (See line 81 instructions .) b Did the or g anization file Form 1120-POL for this year ? BAA exemptor 81 a l nonexempt 0. 81 b :^ ^

Form 990 (2006)

TEEA0106L 01/18/07

Form 990 (2006) VELVET REVOLUTION US [P4rt7V1'. Other Information (continued)

substantially less than fair rental value? .. . .

20-1935517 Yes
82a

Page 7 No
X

82 q Did the org anization receive donated services or the use of materials , equipment, or facilities at no charge or at
b If Yes ,' you may indicate the value of these items here . Do not include this amount as 82b revenue in Part I or as an expense in Part II . (See instructions in Part III ) ... 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? 4 :,%,1, w' N /A '',^- 83a X 83b X . 84a X 84b N A 85a X 85b X >k', ='. ti.: `

b If Yes ,' did the oranization 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 . . . d Section 162 (e) lobbying and political expenditures .. e Aggregate nondeductible amount of section 6033 (e)(1)(A) dues notices ... f Taxable amount of lobbying and political expenditures (line 85d less 85e ) g Does the organization elect to pay the section 6033 (e) tax on the amount on line 85f' 85c 85d 85e 85f N/A

P 5+ N /A Y"' : . N / A -- ..-^,_y N/A 85 . 85h N A N A

h If section 6033( e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? 86 501 (c)(7) organizations . Enter : a Initiation fees and capital contributions included on line 12 .. 86a bGross receipts, included on line 12 , for public use of club facilities 86b 87 501(c)(12) organizations . 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

N /A N / A r; . '_ , . N/A N /A iri^'^' 88a 88b N/A^ C' X X Vim''. J ;

88 a At an y time durin g the year, did the org anization own a 50 % or greater interest in a taxable corporation or partnership, Y 9 Y or an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3' If Yes,' complete Part IX . .. b At any time during the year , did the or g anization , directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)? If 'Yes,' complete Part Xt 89a 501 (c)(3) organ izations Enter: Amount of tax imposed on the organization during the year under .

section 4911

_ _ _ ____ _ N/A ;section 4912 w _ _ _ _ _ _ _ _ _N_ _ ,section 4955 _ _ _ _ _ _ _ /A

b 501(c)(3) and 501 (c)(4) organ izations . 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 .. .. ... . . . c Enter: Amount of tax imposed on the org anization managers or disqualified persons during the year under sections 4912 , 4955, and 4958 . . 0. d Enter: Amount of tax on line 89c , above , reimbursed by the organization . ... . . . ' 0. e All organ izations . At any time during the tax year , was the organization a party to a prohibited tax shelter transaction? If All organ izations Did the organization acquire a direct or indirect interest in any applicable insurance contract?

89b

89e 89f

X X

g For supporting organizations and sponsoring organizations maintaining donor advised funds. Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year? .... . ... . .... ... 89 X 90a List the states with which a copy of this return is filed ^ None -------------------------------------b Number of employees employed in the pay period that includes March 12, 2006 (See instructions.). . . . .. . . .. . .. . . . . .... .. 90b 0 91 a The books are in care of ^ ABOVE _ _ _ _ _ _ _ _ _ - Telephone number 0, 301-320-5921 ----------------Located at ^ 8100 BEECH -EE _ RD_._, BETHESDA MD 20817 ---------TR--------------------- - - - - - - - - - - - - ZIP + 4 ^ -----------b At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? .... If 'Yes,' enter the name of the foreign country. See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts. BAA Form 990 (2006) Yes No 91 b X y t--, ,',

TEEA0107L

01/18/07

Form 990 (2006) VELVET REVOLUTION US

20-1935517
Yes 91 c N/A 92

ge 8
No X

;:Part VI- 'Other Information (continued) c .At any time during the calendar year, did the organization maintain an office outside of the United States? If 'Yes,' enter the name of the foreign country 92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041- Check here.. and enter the amount of tax-exempt interest received or accrued during the tax y ear

N/A

I ParflVll' Anal y sis of Income - ProducinActivities (See the instructions.

Unrelated business income Note : Enter gross amounts unless otherwise indicated. 93 Program service revenue ( A) Business code (B) Amount Excluded by section 512, 513, or 514 (C) Exclusion code (D ) Amount E Related or exempt function income

a b c d e f Medicare/Medicaid payments g Fees & contracts from government agencies 94 Membership dues and assessments 95 Interest on savings & temporary cash invmnts 96 Dividends & interest from securities 97 Net rental income or (loss) from real estate: a debt-financed property b not debt-financed property 98 Net rental income or (loss) from pers prop 99 Other investment income
100 101 102 Gain or (loss) from sales of assets other than inventory .. .. Net income or (loss) from special events Gross profit or (loss) from sales of inventory .

103 b c d e 104
105

Other revenue : a

Subtotal ( add columns ( B), (D), and (E))

Total (add line 104, columns (B), (D), and (E)) .. .

111.

0.

Nntec l mne 105 nlus line Id- Part l chnidrl soda/ the amount on line 19 Part

!Part^VIii Relationshi p of Activities to the Accom p lishment of Exem pt Pur poses (See 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).

N/A

1 Part ,IX'_ Information Re g ardin g Taxa ble Subsidiaries a

(A) Name, address, and EIN of corporation, partnership, or disregarded entity (B) Percentage of ownership interest

N/A

% % 0 Information Reaardina Tran sfers Ass ociated W

PartX

a Did the organization , during the year, receive any funds , directly or indirectly, to pi b Did the organization, during the year, pay premiums, directly or i
^1^^^. It . vim.., I&, l:/.. =--007n A7'f i___

Form 990 (2006) VELVET REVOLUTION US 20-1935517 P,a'rtrXl , Information Regarding Transfers To and From Controlled Entities. Complete only If the

Page 9

organization is a controlling organization as defined in section 512(b)(13).

Yes 106 Did the reporting organization make any transfers to a controlled entity as defined in section 512(b)(13) of the Code? If 'Yes,' com p lete the schedule below for each controlled enti ty No X

(A)
Name , address , of each controlled entity -------------------------

(B)
Employer Identification Number Description of transfer (D) Amount of transfer

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

------------------------Totals Yes No X

107

Did the reporting organization receive any transfers from a controlled entity as defined in section 512(b)(13) of the Code? If 'Yes,' complete the schedule below for each controlled enti ty

(A)
Name , address, of each controlled entity -------------------------

( B)
Employer Identification Number Description of transfer (D) Amount of transfer

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

------------------------Totals Yes No X

108

Did the organization have a bindlng written contract in effect on August 17, 2006, covering the interest , rents, royalties, and annuities described in question 107 above?
Under pe true, corr eclare 7 ve examined this return, including accompan ymg Schedules and statements , and to the b est of my knowledge and belief, it is eclarat e rer other than officer ) is based on all mi rmation of which preparer has any knowledge

Please Sign Here Paid

Pre-

= S^gnatur of offic

Lm
Date Date Check if se lf mployed

0^0

1 1 1Type or print name and title. Preparer's signature

LA
^ !:^^ `

/1 &

C7

parer' s Use Only

BAA

Firm ' s name (or

emrtoye^i ZP+4 'and

F1 x, Book & Com p an y , CPA' s - PO Box 296 Hi g hland, MD 20777-0296

7 r

Preparalrlnstruclon W)N

(See

/A

o c 135

SZ-O97 ,53 ESN ^ N/A Phoneno ^ (301) 854-1701

Form 990 (2006)

TEEAO11OL 01/19/07

2006 '

Federal Statements
VELVET REVOLUTION US

Page 1
20-19355171

Statement 1

Form 990 , Part III

Organization's Primary Exempt Purpose EDUCATE THE PUBLIC CONCERNING GOOD GOVERNMENT

Form 8868
(Rev December 2006) Department of the Treasury

Application for Extension of Time To File an Exempt Organization Return

File a separate application for each return.

OMB No 1545.1109

Internal Revenue Service

If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box . .. .. .. If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form).

..

Do not complete Part hf unless you have already been granted an automatic 3-month extension on a previously filed Form 8868. LPart Automatic 3-Month Extension of Time. Only submit original (no copies needed).
Section 501 (c)(3) corporations required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete Part I only . . . . .. ..... . ...... . .... All other corporations (including 1120-C filers), partnerships, REMICS, and trusts must use Form 7004 to request an extension of time to file income tax returns. Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for section 501 (c)(3) corporations required to file Form 990-T) However, you cannot file Form 8868 electronically if (1) you want the additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T. Instead, you must submit the fully completed and signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form, visit www frs.gov/efile and click on e-file for Charities & Nonprofits.
Name of Exempt Employer Identification number

Type or print File by the due date for filing your return. See Instructions

VELVET REVOLUTION US
Number, street , and room or suite number. If a P 0. box , see instructions

1 20-1935517

8100 BEECH TREE RD.

City, town or post office For a foreign address , see instructions. state ZIP code

BETHESDA,

MD 20817
Form 4720

Check type of return to be filed (file a separate application for each return): Form 990 Form 990-T (corporation)

Form 990-BL X Form 990-EZ

Form 990-PF The books are in the care of ABOVE

Form 990-T (section 401(a) or 408(a) trust) Form 990-T (trust other than above)
Form 1041-A

Form 5227 Form 6069

Form 8870

Telephone No. FAX No. 01 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 ' 9 - If it is for part of the group , check this box . 0, F land attach a list with the names and EINs of all members the extension will cover. 1 I request an automatic 3 - month (6 months for a section 501 (c)(3) corporation required to file Form 990 -T) extension of time until _ 8/15 _ _ , 20 07_, to file the exempt organization return for the organization named above. The extension is for the organization 's return for: My calendar year 20 06 or tax year beginning 2 _ - - _ --- , 20 , and endin g 9 Initial return 20 9 Final return 9 Change in accounting period

If this tax year is for less than 12 months , check reason :

3a 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 ....... . ..... .. . ... . .

..

3a $ 3b $

0. 0.

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments made. Include any p rior year over payment allowed as a credit ....... . .. . ............. . .. . .... c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). .. ....... . . See instructions. .

....

3c $

0.

Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions. BAA For Privacy Act and Paperwork Reduction Act Notice , see instructions . Form 8868 (Rev 12-2006)

FIFZO501L 12/19/06