FURP.ORG / PUBLIC DATA EXPLORER

RISE OF A FALLEN ANGEL INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
RISE OF A FALLEN ANGEL INC (EIN 61-1791233)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-28
IRS object ID
202531189349302338
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-04-28T16:16:20-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371616253PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MDISOISBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1577 N D ST 112GAddressLine1Txt
CitySAN BERNARDINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92401ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN611791233EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RISE OF A FALLEN ANGEL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRISEBusinessNameControlTxt
Phone9098844897PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1431 W HIGHLAND AVEAddressLine1Txt
CitySAN BERNARDINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92405ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCAROYLN FEASTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9097632471PhoneNum
Signature2025-03-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonR D YOUNGPreparerPersonNm
PTINP01502946PTIN
Phone9098844897PhoneNum
Preparation2025-03-13PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCAROLYN FEASTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11525 N D ST STE 11AddressLine1Txt
CitySAN BERNARDINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92405ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$839,447GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionHELP THE HOMELESS BY PROVIDING A STABLE LIVING ENVIRONMENT. TO ALSO HELP PREPARE THEM FOR THE JOB MARKET, PROVIDE COUNSELING ON BUDGETING FOR FOOD, RENT, AND BILLS.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers49TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$654,519PYProgramServiceRevenueAmt
CY Program Service Revenue$839,447CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$654,519PYTotalRevenueAmt
CY Total Revenue$839,447CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$220,594PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$248,318CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,468CYTotalFundraisingExpenseAmt
PY Other Expenses$428,120PYOtherExpensesAmt
CY Other Expenses$520,098CYOtherExpensesAmt
PY Total Expenses$648,714PYTotalExpensesAmt
CY Total Expenses$768,416CYTotalExpensesAmt
PY Revenues Less Expenses$5,805PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$71,031CYRevenuesLessExpensesAmt
Total Assets BOY$1,005,975TotalAssetsBOYAmt
Total Assets EOY$1,012,110TotalAssetsEOYAmt
Total Liabilities BOY$705,747TotalLiabilitiesBOYAmt
Total Liabilities EOY$705,747TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$300,228NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$306,363NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHELP THE HOMELESS BY PROVIDING A STABLE LIVING ENVIRONMENT. TO ALSO HELP PERPARE THEM FOR THE JOB MARKET, PROVIDE COUNSELING ON BUDGETING FOR FOOD, RENT, AND BILLS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$34,455ExpenseAmt
Revenue$34,455RevenueAmt
DescSUPPLIES FOR FAMILIES AND AT RISK YOUTHDesc
Total Program Service Expenses$34,455TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Form8886 T FiledfalseForm8886TFiledInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Nondeductible Contri DisclfalseNondeductibleContriDisclInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Quid Pro Quo Contri DisclfalseQuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Org Filed In Lieu Of Form1041falseOrgFiledInLieuOfForm1041Ind
Licensed More Than One StatefalseLicensedMoreThanOneStateInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Form720 FiledfalseForm720FiledInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Excs Tax Sect4951 Or4952 Or4953falseExcsTaxSect4951Or4952Or4953Ind
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyfalseMinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Policies Reference ChaptersYes (true)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCAROLYN FEASTPersonNm
Phone9098844897PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1431 W HIGHLANDAddressLine1Txt
CitySAN BERNARDINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92405ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CAROLYN FEAST
PRESIDENT3030Yes (X)$0$0$0
TIMEASANDERSON
SECRETARY2020Yes (X)$0$0$0
CAROLE WATKINS
CFO2020Yes (X)$0$0$0
FieldValueIRS element (for citing)
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICESDesc
Business624100BusinessCd
Total Revenue Column$839,447TotalRevenueColumnAmt
Related Or Exempt Func Income$839,447RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$839,447TotalProgramServiceRevenueAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$839,447TotalRevenueColumnAmt
Related Or Exempt Func Income$839,447RelatedOrExemptFuncIncomeAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$248,318TotalAmt
Program Services$198,654ProgramServicesAmt
Management And General$49,664ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$37,661TotalAmt
Program Services$30,129ProgramServicesAmt
Management And General$7,532ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,411TotalAmt
Program Services$1,929ProgramServicesAmt
Management And General$482ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$15,617TotalAmt
Program Services$12,502ProgramServicesAmt
Management And General$2,115ManagementAndGeneralAmt
Fundraising$1,000FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$101,224TotalAmt
Program Services$80,979ProgramServicesAmt
Management And General$20,245ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$15,381TotalAmt
Program Services$12,305ProgramServicesAmt
Management And General$3,076ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$22,977TotalAmt
Program Services$6,565ProgramServicesAmt
Management And General$16,412ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$121,110TotalAmt
Program Services$96,888ProgramServicesAmt
Management And General$24,222ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,204TotalAmt
Program Services$16,163ProgramServicesAmt
Management And General$4,041ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
UTILITIES/PHONE/MED SUPPL$94,522$75,618$18,904
PROGRAM SUPPLIES$34,470$27,564$6,891$15
AUTOMOBILE/REPAIRS$47,756$38,205$9,551
BANK SRVICE FEES$6,765$5,416$896$453

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$768,416TotalAmt
Program Services$602,917ProgramServicesAmt
Management And General$164,031ManagementAndGeneralAmt
Fundraising$1,468FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$151,075BOYAmt
EOY$157,210EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$854,900LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$854,900BOYAmt
EOY$854,900EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,005,975BOYAmt
EOY$1,012,110EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$498,951BOYAmt
EOY$498,951EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$206,796BOYAmt
EOY$206,796EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$705,747BOYAmt
EOY$705,747EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$300,228BOYAmt
EOY$306,363EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$300,228BOYAmt
EOY$306,363EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,005,975BOYAmt
EOY$1,012,110EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$71,031ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Audit CommitteefalseAuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd
Federal Grant Audit PerformedfalseFederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$25,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$51,302CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$54,519CurrentTaxYearMinus1YearAmt
Current Tax Year$59,584CurrentTaxYearAmt
Total$190,605TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$25,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$51,302CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$54,519CurrentTaxYearMinus1YearAmt
Current Tax Year$59,584CurrentTaxYearAmt
Total$190,605TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$190,605PublicSupportTotal170Amt
Total Support$190,605TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 PART I LINE 1HELP THE HOMELESS BY PROVIDING A STABLE LIVING ENVIRONMENT. TO ALSO HELP PERPARE THEM FOR THE JOB MARKET, PROVIDE COUNSELING ON BUDGETING FOR FOOD, RENT, AND BILLS.
FORM 990 PART VI SECTION B LINE 11 A&BDURING ANNUAL BOARD MEETINGS WE REVIEW FORM 990 WITH MEMBERSHIP AND GENERAL PUBLIC
FORM 990 PART VI SECTION B LINE A&B&CTHE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY MEMBERS, NOR KEY PERSONS AWARE NOT TO DISCLOSE ANNUALLY INTEREST THAT COULD GIVE RISE TO CONFLICTS.
FORM 990 PART VI SECTION B LINE 15 A&BTHE PROCESS FOR DETERMINING COMPENSATION DID INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS. DESIGNATED PERSONS MEET QUARTERLY TO REVIEW.
FORM 990 PART VI SECTION C LINE 19THE ORGANIZATION CONDUCTS ANNUAL BOARD OF DIRECTOR MEETINGS WITH THE PUBLIC AND MEMBERS TO REVIEW FINANCIAL STATEMENTS, AND CONFLICTS OF INTEREST POLICY.