2025-05-06T19:15:15-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-07-01 042103573 THE FAY SCHOOL INC FAYS 5084850100 48 MAIN STREET SOUTHBOROUGH MA 017721595 DIANE BYRNE ASS'T HEAD FOR FINANCE AND OPS 5084850100 2025-05-06 1 1 JOHN TOSCANO P00358542 8605614000 2025-04-28 2023 2025-03-06 01:10:19Z ROBERT GUSTAVSON 48 MAIN STREET SOUTHBOROUGH MA 017721595 53865607 0 X HTTPS://WWW.FAYSCHOOL.ORG/ X 1866 MA TO NURTURE EACH CHILD'S POTENTIAL THROUGH A BROAD, BALANCED, AND CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION FOR A MEANINGFUL LIFE. 20 20 296 100 0 0 2631300 3776809 26666361 27820778 4741932 3333004 185058 197382 34224651 35127973 3997409 4120626 0 0 16988538 18555162 0 0 926992 11758870 13038849 32744817 35714637 1479834 -586664 128851326 131497899 64893103 66043525 63958223 65454374 X TO NURTURE EACH CHILD'S POTENTIAL THROUGH A BROAD, BALANCED, AND CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION FOR A MEANINGFUL LIFE. 0 0 28373389 4106167 26437850 INSTRUCTION AND EDUCATION: FORMAL EDUCATION OF 486 STUDENTS' GRADES K-9 IN CO-ED DAY & BOARDING SETTING. AS A DAY AND BOARDING SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH GRADE NINE AND AN EARLY LEARNING CENTER FROM AGES 2.9 TO 5, FAY SCHOOL IS A COMMUNITY BUILT ON FIVE CORE VALUES: ACADEMIC EXCELLENCE; HONORABLE CONDUCT; DEDICATED SERVICE; EARNEST EFFORT; AND WELLNESS OF MIND, BODY, AND SPIRIT. WHILE THE SCHOOL HAS GROWN AND EVOLVED SINCE ITS FOUNDING IN 1866, OUR CENTRAL PURPOSE HAS REMAINED CONSTANT. FAY PROVIDES A BROAD AND CHALLENGING PROGRAM THAT EMPOWERS STUDENTS TO DISCOVER THEIR TALENTS, DEVELOP THEIR INTELLECTUAL ABILITIES, ESTABLISH ESSENTIAL ACADEMIC SKILLS AND KNOWLEDGE, AND DEFINE THEIR MORAL CHARACTER. EARNEST EFFORT HAS BEEN EMPHASIZED THROUGH THE SCHOOL'S HISTORY, AS ENSHRINED IN OUR MOTTO, POTERIS MODO VELIS ("YOU CAN IF YOU WILL"). FAY IS DEDICATED TO EDUCATING CHILDREN TO THEIR FULL POTENTIAL IN THE EARLY CHILDHOOD, ELEMENTARY, AND MIDDLE SCHOOL YEARS BY HELPING THEM RECOGNIZE AND DEVELOP THEIR INTELLECTUAL AESTHETIC, PHYSICAL, SOCIAL, AND EMOTIONAL CAPABILITIES. WE TEACH OUR STUDENTS ESSENTIAL, ENDURING SKILLS: TO READ WELL, TO WRITE AND SPEAK CLEARLY AND COHERENTLY, TO REASON SOUNDLY, TO QUESTION THOUGHTFULLY, AND TO STUDY EFFECTIVELY. THESE SKILLS SUPPORT THEIR ABILITY TO LEAD, TO COLLABORATE, TO CREATE, AND TO SOLVE PROBLEMS.LOVE OF LEARNING BRINGS US TOGETHER, AND WE ENCOURAGE OUR STUDENTS TO BE CURIOUS, CREATIVE, AND OPEN TO NEW IDEAS. FAY'S SAFE AND SUPPORTIVE ENVIRONMENT ALLOWS STUDENTS TO TAKE RISKS AND ENCOURAGES THEM TO LEARN FROM MISTAKES, WITHIN THE CONTEXT OF HIGH EXPECTATIONS REGARDING ACADEMIC PERFORMANCE AND ETHICAL CONDUCT. OUR TEACHERS KNOW THEIR STUDENTS AS INDIVIDUALS AND HELP THEM COME TO KNOW THEMSELVES. AS FAY STUDENTS GROW, THEY DEVELOP AN UNDERSTANDING AN ACCEPTANCE OF THEIR OWN CHALLENGES AND STRENGTHS AS LEARNERS.HONESTY, RESPECT, RESPONSIBILITY, EMPATHY, AND KINDNESS INFORM OUR CONDUCT. THE DEVELOPMENT OF MANNERS, CIVILITY, AND INTEGRITY ARE HALLMARKS OF OUR SCHOOL. AT EVERY GRADE LEVEL, WE EMPHASIZE AN OBLIGATION TO HELP ENSURE THE WELL-BEING OF OTHERS. AS A HOME FOR BOARDING STUDENTS FROM MANY CULTURES AND BACKGROUND THROUGHOUT THE UNITED STATES AND AROUND THE WORLD, FAY IS AN INCLUSIVE COMMUNITY THAT RECOGNIZES, RESPECTS, AND CELEBRATES THE FULL RANGE OF HUMAN DIVERSITY. IN ALL OF THESE WAYS, FAY PREPARES OUR STUDENTS TO LEAD PRODUCTIVE AND FULFILLING LIVES THAT MAKE A POSITIVE DIFFERENCE IN THE WORLD. 912353 14459 1428377 SUMMER PROGRAMS INCLUDE SUMMER DAY CAMP, AN INTERNATIONAL STUDENT BOARDING ENGLISH LANGUAGE PROGRAM. SUMMER CAMP IS A DYNAMIC, HANDS-ON PROGRAM, FOR CHILDREN AGES THREE THROUGH FIFTEEN. OUR PROGRAM PROVIDES CAMPERS AND STUDENTS WITH AN ENGAGING AND NURTURING ATMOSPHERE THAT ENCOURAGES EXPLORATION, CREATIVITY, AND LASTING CONNECTIONS AMONG CHILDREN AND ADULTS.THE INTERNATIONAL STUDENT BOARDING ENGLISH LANGUAGE PROGRAM MAKES IT POSSIBLE FOR INTERNATIONAL STUDENTS AGED 10-15 TO PARTICIPATE IN THE FAY EXPERIENCE REGARDLESS OF THEIR LEVEL OF ENGLISH PROFICIENCY. IT PROVIDES A MEANINGFUL INTRODUCTION TO FAY FOR STUDENTS ENROLLING FULL TIME IN THE UPCOMING ACADEMIC YEAR AS WELL AS A STAND-ALONE PROGRAM FOR INTERNATIONAL STUDENTS WHO WISH TO FOCUS ON DEVELOPING THEIR ENGLISH SKILLS DURING THE SUMMER MONTHS, WITH THE APPROPRIATE LEVEL OF CHALLENGE AND SUPPORT. 29285742 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 170 0 1 296 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X FAY SCHOOL BUSINESS OFFICE 5084850100 48 MAIN STREET SOUTHBOROUGH MA 01772 ANN LAQUERRE PRESIDENT 2.00 X X 0 0 0 ALEX CURTIS VICE PRESIDENT 2.00 X X 0 0 0 LAURIE VANCE TREASURER 2.00 X X 0 0 0 SARA R MARS SECRETARY 2.00 X X 0 0 0 PETER BAUER TRUSTEE 2.00 X 0 0 0 MELISSA BOIS TRUSTEE 2.00 X 0 0 0 ELEANOR BROWN TRUSTEE 2.00 X 0 0 0 BRENDON GIBLIN TRUSTEE 2.00 X 0 0 0 HEATHER R GIROLAMO TRUSTEE 2.00 X 0 0 0 DAVID HARRIS TRUSTEE 2.00 X 0 0 0 JAE HOON KIM TRUSTEE 2.00 X 0 0 0 HELEN LIN TRUSTEE 2.00 X 0 0 0 DOUG LOUD TRUSTEE 2.00 X 0 0 0 SEAN LU TRUSTEE 2.00 X 0 0 0 JESSICA MOORAJ TRUSTEE 2.00 X 0 0 0 WILLIAM PICARDI TRUSTEE 2.00 X 0 0 0 JOHN SIMON TRUSTEE 2.00 X 0 0 0 JEAN SUNG TRUSTEE 2.00 X 0 0 0 ARTHUR TING TRUSTEE 2.00 X 0 0 0 FAITH WALLACE-GADSDEN TRUSTEE 2.00 X 0 0 0 ROBERT J GUSTAVSON HEAD OF SCHOOL 37.50 X 755301 0 174004 DIANE BYRNE ASST. HEAD OF SCHOOL FOR OPERATIONS AND FINANCE 37.50 X 333894 0 47137 ELIZABETH WHITNEY ASSOCIATE HEAD OF SCHOOL 37.50 X 285622 0 73239 ROBERT CRAWFORD DIRECTOR OF ADVANCEMENT 37.50 X 254024 0 80909 KAITLYN CRONIN HEAD OF LOWER SCHOOL 37.50 X 165672 0 12018 JOHN SUMNER HEAD OF UPPER SCHOOL 37.50 X 179735 0 44242 PETER FEAREY DIRECTOR OF INNOVATION 37.50 X 223419 0 24536 2197667 0 456085 19 0 1 0 MARTIN BROS CONTRACTING CO INC 6 GROVE STREET MILLBURY MA 01527 CONSTRUCTION 2674408 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 DINING 1646281 DELLBROOK CONSTRUCTION LLC ONE ADAMS PLACE 859 WILLARD ST QUINCY MA 02169 CONSTRUCTION 727961 UNICLEAN SERVICE CORPORATION - AKA HOGLA PO BOX 497 REVERE MA 02151 JANITORIAL 569682 R P MARZILLI & COMPANY INC 21 A TROTTER DRIVE MEDWAY MA 02053 CONSTRUCTION 360510 15 27136 3749673 316285 3776809 TUITION AND FEES 611710 26022920 26022920 SUMMER PROGRAMS 611710 1428377 1428377 STUDENT SERVICE INCOME 611710 369481 369481 27820778 1179110 1179110 151933 0 151933 151933 151933 20813243 18657903 1446 2155340 -1446 2153894 2153894 0 27136 0 0 115928 78285 37643 37643 MISCELLANEOUS INCOME 900099 7806 7806 7806 35127973 27866227 0 3484937 4120626 4120626 1158401 190391 968010 109767 109767 12577074 10438292 1791888 346894 758596 720109 6456 32031 2931797 2118344 704202 109251 1019527 817037 175670 26820 120150 120150 45146 45146 122796 122796 824897 783322 18787 22788 316615 42706 273114 795 31740 13917 424 17399 798099 777599 16916 3584 206624 19847 79459 107318 869186 869186 3369309 3264532 101804 2973 302931 286996 15796 139 CONTRACTED SERVICES 2846446 2814933 25970 5543 OTHER DEPARTMENTAL EXPE 1897839 1122114 571251 204474 EQUIPMENT, SUPPLIES AND 643908 595752 42455 5701 DUES AND SUBSCRIPTIONS 510142 85220 388596 36326 133021 95052 33013 4956 35714637 29285742 5501903 926992 52988 28434 4616191 6210674 540386 564682 7043591 7755106 162561 172454 1127646 1223436 118191102 60140109 57029502 58050993 46055438 45781870 11784991 11307768 438032 402482 128851326 131497899 3557976 4555785 20345379 22938219 40657875 38286557 331873 262964 64893103 66043525 X 37863007 38696110 26095216 26758264 63958223 65454374 128851326 131497899 X -586664 2077851 4964 X X 0 1 X 1 0 X 2854138 5380351 3703264 2631300 3776809 18345862 2854138 5380351 3703264 2631300 3776809 18345862 1666033 16679829 854106 915203 845276 1142355 1331043 5087983 2445 7131 4388 13964 139825 139825 23587634 128878531 0.70710 0.67090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING PROCEEDS - 2022 AMOUNT: $ 139,825. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 30903404 1227384 3340302 369855 1351158 33750077 29251008 62771 3001426 352566 1059235 30903404 34492206 95595 -4150104 290507 896182 29251008 26932540 721810 9038642 331305 1869481 34492206 27550678 187060 -234492 240456 330250 26932540 0.22390 0.77610 0.00000 0 0 3181707 3181707 85869712 45168051 40701661 11258885 6738581 4520304 17880798 8233477 9647321 58050993 REAL ASSETS 8246664 F DOMESTIC EQUITY 3061104 F 11307768 OTHER LIABILITIES 70077 LEASE LIABILITY 192887 262964 X 32967366 2077851 -4115662 -2037811 35005177 122796 122796 35127973 31471215 0 31471215 122796 4120626 4243422 35714637 PART III, LINE 1A: SINCE THE LATE 1900'S THE SCHOOL HAS ACQUIRED A COMPLETE SET OF PRESIDENTIAL AUTOGRAPHS AND DISPLAYS THEM FOR THE COMMUNITY. PART V, LINE 4: THE ENDOWMENT SUPPORTS THE EDUCATIONAL MISSION OF THE SCHOOL BY PROVIDING SUPPORT FOR FINANCIAL AID FOR STUDENTS, FACULTY COMPENSATION AND CONTINUING EDUCATION, SCHOOL PROGRAMS AND FACILITIES AS WELL AS GENERAL SUPPORT FOR SCHOOL OPERATIONS. PART X, LINE 2: THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED, AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -4,120,626. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 4,964. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,120,626. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE HOMEPAGE OF ITS WEBSITE. ADDITIONALLY, THE SCHOOL IS INCLUDED IN THE GROUP LISTING OF INDEPENDENT SCHOOLS WHOSE RACIALLY NONDISCRIMINATORY POLICY IS DISCLOSED IN THE BOSTON GLOBE EACH FALL. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES 33279 0 0 0 0 0 0 33279 0 33279 0 0 0 0 0 0 PART I, LINE 2: FAY HELD A 5-DAY DAY CAMP FOR 28 JAPANESE STUDENTS AGED 10-14 IN TOYKO, JAPAN DESIGNED AS AN INTRODUCTION TO LIFE AND STUDY IN A UNITED STATES INDEPENDENT SCHOOL, WITH AN EMPHASIS ON ENGLISH IMMERSION. PART I, LINE 3, COLUMN (F): THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING FOR EXPENDITURES ON ITS FINANCIAL STATEMENTS. PA AUCTION AND FUNDRAISER 27136 27136 27136 27136 1 FINANCIAL AID 144 4106067 FMV TUITION ASSISTANCE FINANCIAL AID FOR SUMMER CAMP 25 14459 FMV TUITION ASSISTANCE PART I, LINE 2: THE FAY SCHOOL OFFERS FINANCIAL AID OR SCHOLARSHIP ASSISTANCE TO FAMILIES WITH A DEMONSTRATED FINANCIAL NEED. TO APPLY, PARENTS MUST COMPLETE THE PARENTS' FINANCIAL STATEMENTS (PFS) AND SUBMIT THAT THO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID IN PRINCETON, N.J. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 ROBERT J GUSTAVSON HEAD OF SCHOOL 723185 0 0 0 32116 0 114781 0 59223 0 929305 0 0 0 DIANE BYRNE ASST. HEAD OF SCHOOL FOR OPERATIONS 310590 0 0 0 23304 0 24847 0 22290 0 381031 0 0 0 ELIZABETH WHITNEY ASSOCIATE HEAD OF SCHOOL 262692 0 0 0 22930 0 21015 0 52224 0 358861 0 0 0 ROBERT CRAWFORD DIRECTOR OF ADVANCEMENT 230720 0 0 0 23304 0 18458 0 62451 0 334933 0 0 0 PETER FEAREY DIRECTOR OF INNOVATION 203000 0 0 0 20419 0 16240 0 8296 0 247955 0 0 0 JOHN SUMNER HEAD OF UPPER SCHOOL 162400 0 0 0 17335 0 12992 0 31250 0 223977 0 0 0 KAITLYN CRONIN HEAD OF LOWER SCHOOL 150220 0 0 0 15452 0 12018 0 0 0 177690 0 0 0 PART I, LINE 1A THERE MAY BE CERTAIN SERVICES PAID FOR ON BEHALF OF THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS ALSO PROVIDED WITH A VEHICLE. THESE ITEMS ARE GROSSED-UP AND REPORTED AS TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. PART I, LINE 1B THE HEAD OF SCHOOL HAS A DISCRETIONARY SPENDING ALLOWANCE TO BE USED FOR SCHOOL EXPENSES NOT INDENTIFIED IN THE BUDGET PROCESS. PART I, LINE 3 AS A CONDITION OF EMPLOYMENT AND IN ORDER TO PERFORM HIS DUTIES THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS IN A SCHOOL OWNED PROPERTY. THIS BUILDING IS CLEANED AND MAINTAINED BY SCHOOL PERSONNEL AND OUTSIDE CONTRACTORS. INCLUDED IN ROBERT GUSTAVSON'S COLUMN D IS AN AMOUNT FOR 5% OF THE VALUE OF THE PROPERTY INCLUDING UTILITIES TOTALING $58,787. PART I, LINE 4B THE SCHOOL PROVIDES THE HEAD OF SCHOOL WITH A DEFERRED COMPENSATION PLAN UNDER IRC SECTION 457(F), WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN DURING CALENDAR YEAR 2023 WERE $88,381, AND ARE INCLUDED IN PART II, COLUMN (C). A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2021-07-30 45025000 REFUNDING OF PRIOR BOND ISSUE, CONSTRUCTION & ISSUE COSTS, SWAP SETTLEMENT 0 0 0 A 4572603 45025000 32464897 250060 5000000 7310043 2021 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 0 A 1 MARY BYRNE DAUGHTER OF ASS'T HEAD FOR FIN & OPS 17876 COMPENSATION FOR RESIDENTIAL LIFE RESPONSIBILITIES. 0 WILLAMENA GUSTAVSON DAUGHTER OF HEAD OF SCHOOL 91891 COMPENSATION AS GRADE 2 TEACHER 0 X 15 315785 FMV X IPHONE 1 500 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD OF TRUSTEES RECEIVES THE ENTIRE FORM 990 WITH THE EXCEPTION OF SCHEDULE B WHICH IS NOT REVIEWED BY THE BOARD DUE TO ITS SENSITIVE NATURE. SCHEDULE B OF FORM 990 IS REVIEWED BY THE HEAD OF SCHOOL AND THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS. FORM 990, PART VI, SECTION B, LINE 12C AT OR BEFORE THE FIRST BOARD MEETING EACH YEAR (OCT/NOV) EACH TRUSTEE COMPLETES A CONFLICT OF INTEREST STATEMENT THAT IS HELD IN THE HEAD OF THE SCHOOL'S OFFICE FOR THE YEAR. CONFLICTS ARE MONITORED BY THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS AND IN THE EVENT A CONFLICT EXISTS, THE CONFLICT WILL BE BROUGHT TO THE ATTENTION OF THE BOARD OF TRUSTEES FOR FURTHER DISCUSSION AND CONSIDERATION. FAY SCHOOL CURRENTLY FOLLOWS NAIS GUIDELINES FOR ITS WHISTLE BLOWER AND DOCUMENT RETENTION AND DESTRUCTION POLICIES AND WILL INCLUDE THEM IN THE EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL HAS A WRITTEN CONTRACT. THE INFORMATION INCLUDED FOR THIS COMPENSATION REVIEW INCLUDES A REBUTTABLE PRESUMPTION CHECKLIST AMONG OTHER PROCEDURES. ALL OTHER PERSONNEL SALARIES ARE DETERMINED BY THE HEAD OF SCHOOL WITH INPUT FROM THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S TAX FILINGS ARE AVAILABLE ONLINE FOR VIEWING AT WWW.GUIDESTAR.ORG, A WEBSITE USED TO RATE NON-PROFITS FOR POTENTIAL DONORS. THE TAX FILINGS ARE ALSO AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S DIVISION FOR PUBLIC CHARITIES WEBSITE AND AT THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND FOR REVIEW IN THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 4,964. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.