2022-01-21T16:50:28-06:00 2021-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2020-07-01 560529944 DISCOVERY PLACE INC DISC 7043481964 301 NORTH TRYON STREET CHARLOTTE NC 28202 CATHERINE WILSON HORNE CEO 7043481964 2022-01-19 1 CATHERINE WILSON HORNE 999009999 YONG ZHANG CPA P01249785 7033366400 2022-01-19 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CATHERINE WILSON HORNE 301 NORTH TRYON STREET CHARLOTTE NC 28202 9560259 0 X WWW.DISCOVERYPLACE.ORG X 1947 NC WE INSPIRE CURIOUS THINKERS TO DISCOVER THE WONDERS OF SCIENCE, TECHNOLOGY AND NATURE. 25 25 212 30 36185 19532 4246813 6154077 5204147 1605029 1842 347 726875 451952 10179677 8211405 0 0 0 0 7651050 5075329 0 0 790464 5433253 3752500 13084303 8827829 -2904626 -616424 111200822 119228649 3314373 3817351 107886449 115411298 X WE EXIST TO TRANSFORM THE WAY SCIENCE, TECHNOLOGY AND NATURE ARE EXPLORED AND LEARNED THOUGH INTERACTIVE EXHIBITS, FILMS, WORKSHOPS AND SCHOOL PROGRAMS. WE STRIVE TO INSPIRE DREAMS, RAISE ASPIRATIONS AND MOTIVATE A LIFELONG LOVE OF LEARNING. 0 0 6013920 1885178 EDUCATIONAL PROGRAMS, EXPERIENCES AND EXHIBITS: DISCOVERY PLACE, INC. OPERATES FOUR MUSEUMS SERVING OVER 146,646 GUESTS ANNUALLY INCLUDING NEARLY 16,255 THROUGH AN ECONOMIC ACCESSIBILITY PROGRAM. SIGNIFICANT PROGRESS WAS MADE ON ONE CAPITAL FACILITIES PROJECT IN FISCAL YEAR 2021: DEVELOPMENT DESIGN WAS STARTED AND ACHIEVED 50% COMPLETION FOR THE NEW DISCOVERY PLACE NATURE FACILITY SCHEDULED TO OPEN IN LATE 2023/EARLY 2024. DURING FISCAL YEAR 2021, WE RECOGNIZED RESTRICTED CONTRIBUTION REVENUE RELATED TO THE FUTURE CONSTRUCTION OF DISCOVERY PLACE NATURE AND INCURRED INCREMENTAL EXPENSES TO SUPPORT THE DEVELOPMENT EFFORTS OF CAPITAL FACILITIES PROJECTS. ADDITIONALLY, DISCOVERY PLACE INVESTED IN TWO DIGITAL RENNOVATIONS, THE FIRST WAS A NEW DIGITAL STUDIO TO ALLOW US TO PIVOT TO DELIVERING DISCOVERY PLACE EXPERIENCES ONLINE, THE SECOND BEGINNING A RENOVATION AND UPGRADE OF OUR IMAX THEATER TO BE COMPLETED IN EARLY 2022. THESE ACTIVITIES ARE REFLECTED IN THE OVERALL REVENUE AND SUPPORT.SCHOOL CAMP/VIRTUAL PROGRAMS/OUTREACH/SUMMER CAMPS: SUMMER CAMPS HAD A SUCCESSFUL SEASON AND CONTINUED TO FOLLOW COVID-RELATED PROTOCOLS TO ENSURE PARTICIPANT SAFETY. SCHOOL CAMP WAS A NEW PROGRAM CREATED AND LAUNCHED TO SERVE CHILDREN FORCED INTO REMOTE LEARNING DURING THE PANDEMIC. DISCOVERY PLACE OPERATED SCHOOL CAMP AT DISCOVERY PLACE SCIENCE AND DISCOVERY PLACE NATURE FOR 73 DAYS FROM AUGUST - DECEMBER IN 2020 AND SERVED 100 STUDENTS AND AWARDED 18 SCHOLARSHIPS. THIS PROGRAM ENSURED THAT STUDENTS COMPLETED ALL SCHOOL SESSIONS AND ASSIGNMENTS. IN ADDITION, STUDENTS RECEIVED HANDS-ON LEARNING OPPORTUNITIES AND EXPERIENCES SUPPORTING CLASSROOM CURRICULA. THIS PROGRAM FILLED A CRITICAL NEED FOR WORKING FAMILIES BY PROVIDING SAFE, SOCIAL, IN-PERSON LEARNING OPPORTUNITIES FOR STUDENTS. ADDITIONALLY, DISCOVERY PLACE CONTINUED TO DEVELOP AND MANAGE STAY AT HOME SCIENCE. 147 BLOGS AND VIDEOS WERE DEVELOPED TO ENGAGE FAMILIES AT HOME WITH HANDS-ON SCIENCE EXPERIMENTS AND ACTIVITIES TIED TO STATE EDUCATION STANDARDS. DISCOVERY PLACE DEVELOPED A CATALOG OF BOTH DIGITAL AND IN-PERSON OUTREACH PROGRAMS THAT FOLLOWED ALL COVID PROTOCOLS AND WERE SUCCESSFUL IN KEEPING BOTH PARTICIPANTS AND STAFF SAFE. ALL PROGRAMS PROMOTED ACTIVE, HANDS-ON LEARNING EXPERIENCES THAT ELEVATED SCIENCE, NATURE AND DESIGN FOR PARTICIPANTS. OUTREACH PROGRAMS SERVED SCHOOLS, AFTERSCHOOL ENRICHMENT PROGRAMS, HOMESCHOOL GROUPS AND COMMUNITY CENTERS, INCLUDING COMMUNITIES IMPACTED BY ECONOMIC HARDSHIP.YOUTH DEVELOPMENT PROGRAMMING IN FISCAL 2021 INCLUDED SEVERAL PROGRAMS TARGETING YOUTH IN MIDDLE - HIGH SCHOOL. THE STEM PATHWAY PROGRAM SUCCESSFULLY COMPLETED TWO COHORTS' WORKPLACE EMPLOYMENT COMPONENT. THE STEM APPRENTICE PROGRAM WAS ABLE TO ONBOARD 103 VOLUNTEERS TO ASSIST WITH CAMP AND MUSEUM PROGRAMMING. GIRLS IN STEM SUCCESSFULLY SERVED THREE COHORTS OF GIRLS THROUGH OFF-SITE, VIRTUAL AND ON-SITE PROGRAMMING. CLUB CODE COMPLETED TWO SUCCESSFUL COHORTS OF VIRTUAL PROGRAMMING WITH THE SUPPORT OF BANK OF AMERICA VOLUNTEERS. YOUTH DEVELOPMENT SERVED OVER 200 STUDENTS DURING FY21. EDUCATIONAL MERCHANDISE RELATED TO THE MUSEUM'S EXEMPT PURPOSE IS OFFERED FOR SALE TO MUSEUM VISITORS AS AN EXTENSION OF THE LEARNING EXPERIENCE PROVIDED BY THE MUSEUM. 6013920 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 212 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC SC X X CATHERINE W HORNE 7043481964 301 NORTH TRYON STREET CHARLOTTE NC 28202 X PAUL CAMUTI CHAIRMAN 4.00 X X 0 0 0 MARTY FOLEY VICE CHAIRMAN FOR GOVERNANCE 4.00 X X 0 0 0 DOUG ESAMANN VICE CHAIRMAN FOR INTERNAL AFFAIRS 4.00 X X 0 0 0 JOCLYN BALANDA SECRETARY 4.00 X X 0 0 0 ADITYA BHASIN VICE CHAIRMAN FOR EXTERNAL AFFAIRS 4.00 X X 0 0 0 LAURA BOWLES TRUSTEE 2.00 X 0 0 0 ALFRED DAWSON TRUSTEE 2.00 X 0 0 0 LUTHER LOCKWOOD TRUSTEE 2.00 X 0 0 0 BRYAN DELANEY TRUSTEE 2.00 X 0 0 0 JENNIFER MCCONNELL TRUSTEE 2.00 X 0 0 0 FRANK CHATMAN TRUSTEE 2.00 X 0 0 0 FRED DUMAS TRUSTEE 2.00 X 0 0 0 JAMIE MCLAWHORN TRUSTEE 2.00 X 0 0 0 BRIAN LEARY TRUSTEE 2.00 X 0 0 0 CHARLIE MORRIS TRUSTEE 2.00 X 0 0 0 CHRIS PERRI TRUSTEE 2.00 X 0 0 0 STEPHANIE SADOWSKI TRUSTEE 2.00 X 0 0 0 RICK TANKERSLEY TRUSTEE 2.00 X 0 0 0 SURESH VENKATARAYALU TRUSTEE 2.00 X 0 0 0 VICTORIA WATLINGTON TRUSTEE 2.00 X 0 0 0 JIM DUNN TRUSTEE 2.00 X 0 0 0 TOM ZWENG MD TRUSTEE 2.00 X 0 0 0 LINDSAY MCCULLOUGH TRUESTEE 2.00 X 0 0 0 NAZY WEEKS TRUSTEE 2.00 X 0 0 0 RICH CAMPBELL TRUSTEE 4.00 X 0 0 0 CATHERINE WILSON HORNE PRESIDENT & CEO 55.00 X 357372 0 27399 SARAH B LANE CHIEF ADVANCEMENT OFFICER 55.00 X 152338 0 20535 JENNIFER JOYCE CHIEF MARKETING OFFICER 50.00 X 0 0 0 ANNE IBEKWE CHIEF FINANCIAL OFFICER 55.00 X 83866 0 5227 MICHAEL KEATING CHIEF OPERATING OFFICER 55.00 X 175201 0 21310 DEBRA SMUL CHIEF MARKETING OFFICER 55.00 X 121545 0 6875 ERVIN GOURDINE CHIEF TALENT OFFICER 55.00 X 107502 0 16459 TIFFERNEY M WHITE CHIEF LEARNING OFFICER 55.00 X 149321 0 18423 MARYBETH SIMON CHIEF OF STAFF 40.00 X 104182 0 935 COURTNEY HURD PROGRAM DIRECTOR 40.00 X 101437 0 1192 1352764 0 118355 8 0 1 0 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 28289 JANITORIAL 407913 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY STE 1103 NEW YORK NY 10001 WEBSITE 261133 SHERPA LLC 1001 MOREHEAD SQUARE DR STE 600 CHARLOTTE NC 28203 ACCOUNTING 114211 COYLE & CARON INC 236 PASADENA PL ORLANDO FL 32803 EXHIBIT DESIGN 112976 UNION CO PO BOX 30667 PMB 78277 CHARLOTTE NC 28230 IT SERVICES 109101 1 2371252 3782825 12240 6154077 ADMISSIONS/WORKSHOPS 713990 1403136 1403136 MEMBERSHIP FEES 713990 156981 156981 MISCELLANEOUS PROGRAM REVENUE 900099 44912 44912 1605029 694 694 1324517 1324864 -347 -347 -347 190224 23990 166234 166234 PARKING REVENUE 532000 150100 113915 36185 BAD DEBT RECOVERY 900099 135618 135618 285718 8211405 1885178 36185 135965 X 1486420 487384 810963 188073 2716904 2175685 193518 347701 246489 112714 97422 36353 308083 180064 93060 34959 317433 184038 95913 37482 26555 26555 44781 44781 21809 21809 945208 572306 361736 11166 329684 327830 1761 93 271738 148879 106368 16491 393897 391091 2806 17448 10270 6408 770 1025361 983430 41931 122168 88135 34033 MISC 318726 131408 77463 109855 EXHIBIT/MUSEUM PROGRAMS 151149 143945 0 7204 REPAIRS & MAINTENANCE 70255 63761 6494 PRINTING & PUBLICATIONS 13721 12980 424 317 8827829 6013920 2023445 790464 816247 1374813 697182 1820867 3105694 4236425 195423 339273 23128 3160 615044 336295 46455462 35355112 11825373 11100350 395334 193912 7407365 8649936 300000 300000 85820032 90873618 111200822 119228649 1369694 1435865 1944679 2381486 3314373 3817351 X 15613760 15494207 92272689 99917091 107886449 115411298 111200822 119228649 X -616424 1320433 -922027 7742867 X 0 1 X 1 0 X 5199844 12603973 4132159 4246813 6154077 32336866 2846108 2805263 2844691 2809030 2789279 14094371 8045952 15409236 6976850 7055843 8943356 46431237 6159267 40271970 94511 104019 114476 97316 694 411016 33609 27261 37013 33046 20532 151461 714894 773001 789223 651907 113915 3042940 50036654 29310395 0.80480 0.78170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING AND EXHIBIT RENTALS - 2016 AMOUNT: $ 692,944. 2017 AMOUNT: $ 732,236. 2018 AMOUNT: $ 739,573. 2019 AMOUNT: $ 529,190. 2020 AMOUNT: $ 113,915. FUNDRAISING EVENTS GROSS - 2016 AMOUNT: $ 21,950. 2017 AMOUNT: $ 40,765. 2018 AMOUNT: $ 49,650. 2019 AMOUNT: $ 122,717. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 5171663 1512588 241796 6442455 5364429 40267 233033 5171663 5285779 168867 142816 233033 5364429 5230057 282443 226721 5285779 4914911 525421 210275 5230057 0.01550 0.85360 0.13090 0 0 8410847 2324490 6086357 7824301 5554856 2269445 4199523 3946665 252858 26020791 23529101 2491690 11100350 ALTERNATIVE INVESTMENTS 8649936 F 8649936 BENEFICIAL INTERESTS 29041415 DEFERRED COMMITMENT FROM CITY OF CHARLOTTE 54623578 LIFE INSURANCE POLICY CONTRIBUTION 23493 DEFERRED COMMITMENT FROM TOWN OF HUNTERSVILLE 6763066 DEFERRED COMMITMENT FROM TOWN OF ROCKINGHAM 96754 DEFERRED 457(B) ASSET 325312 90873618 X 19941030 1320433 2799762 7742867 11863062 8077968 21809 111628 133437 8211405 12416181 3721789 -111628 3610161 8806020 21809 21809 8827829 PART III, LINE 1A: DONATED COLLECTIONS RECEIVED SINCE DISCOVERY PLACE'S INCEPTION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: COLLECTION OF NATURAL HISTORY OBJECTS WHICH INCLUDE ROCKS AND MINERALS, SHELLS, FOSSILS, AND TAXIDERMY OBJECTS USED IN PUBLIC EXHIBITIONS IN THE MUSEUM AND FOR REFERENCE MATERIALS IN EDUCATION PROGRAMS CONDUCTED BY THE MUSEUM. PART V, LINE 4: THE INTENDED PURPOSE OF THE ENDOWMENTS IS TO SUPPORT THE OPERATIONS OF THE MUSEUM. ANY DISBURSEMENTS RECEIVED FROM THE ENDOWMENTS ARE USED TO SUBSIDIZE OPERATING EXPENSES. PART X, LINE 2: DISCOVERY PLACE IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED DISCOVERY PLACE'S TAX POSITIONS AND CONCLUDED THAT DISCOVERY PLACE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST 5,505,498. CHANGE IN SPENDABLE INCOME 1,164,998. OTHER CHANGE IN SPENDABLE INCOME 1,072,371. PART XI, LINE 4B - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD -23,990. BAD DEBT RECOVERY 135,618. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD 23,990. BAD DEBT RECOVERY -135,618. FORM 990, SCHEDULE D, PART XII, LINE 2B AND SCHEDULE D, PART XIII, LINE 2A DISCOVERY PLACE, INC. ENTERED INTO A NON-CANCELABLE OPERATING LEASE AGREEMENT WITH THE CITY OF CHARLOTTE FOR THE DISCOVERY PLACE BUILDINGS, INCLUDING THE MAIN BUILDING, THE OMNIMAX DOME THEATER, THE PARKING DECK AND THE ANNEX BUILDING. DISCOVERY PLACE, INC. PAYS $1 ANNUALLY FOR THE LEASE, WHICH INCLUDES STRUCTURAL REPAIRS. DISCOVERY PLACE, INC. HAS RECOGNIZED THE PRESENT VALUE OF THE BUILDING RENTAL AND SERVICES PROVIDED BY THE LEASE AGREEMENT AS A TEMPORARILY RESTRICTED NET ASSET. THE PRESENT VALUE OF THE CONTRIBUTION IS BEING AMORTIZED OVER THE 50 YEAR LEASE TERM DUE TO THE FACT THAT IT IS PROBABLE THAT THE LEASE WILL BE RENEWED. DISCOVERY PLACE, INC. ENTERED INTO NON-CANCELABLE OPERATING LEASE AGREEMENTS WITH THE CITY OF ROCKINGHAM FOR THE DISCOVERY PLACE KIDS ROCKINGHAM MUSEUM AND WITH THE TOWN OF HUNTERSVILLE FOR THE DISCOVERY PLACE KIDS MUSEUM. DISCOVERY PLACE PAYS $1 ANNUALLY FOR EACH LEASE, WHICH INCLUDES UTILITIES AND STRUCTURAL REPAIRS. DISCOVERY PLACE, INC. HAS RECOGNIZED THE PRESENT VALUE OF THE BUILDING RENTAL AND SERVICES PROVIDED BY THE LEASE AGREEMENTS AS A TEMPORARILY RESTRICTED NET ASSET. THE PRESENT VALUE OF THE CONTRIBUTION FOR ROCKINGHAM IS BEING AMORTIZED OVER THE 10 YEAR INITIAL LEASE TERM DUE TO THE FACT THAT THE LEASE RENEWAL IS BASED ON SPECIFIC ATTENDANCE AND OPERATING CRITERIA WHICH THE PROBABILITY OF MEETING CANNOT BE DETERMINED. THE PRESENT VALUE OF THE CONTRIBUTION FOR HUNTERSVILLE IS BASED ON 30 YEARS DUE TO THE FACT THAT IT IS PROBABLE THAT THE LEASE WILL BE RENEWED. THE ENTIRE DEFERRED COMMITMENT OF THESE LEASES IS BEING ADJUSTED FOR ON SCHEDULE D OF THE 990 AS A GIFT IN KIND OF DONATED SERVICES AND USE OF FACILITIES. X X X X 0 0 0 0 0 0 0 0 0 CATHERINE WILSON HORNE PRESIDENT & CEO 354640 0 0 0 2732 0 15286 0 12113 0 384771 0 0 0 SARAH B LANE CHIEF ADVANCEMENT OFFICER 152338 0 0 0 0 0 7904 0 12631 0 172873 0 0 0 MICHAEL KEATING CHIEF OPERATING OFFICER 175201 0 0 0 0 0 5340 0 15970 0 196511 0 0 0 TIFFERNEY M WHITE CHIEF LEARNING OFFICER 149321 0 0 0 0 0 7679 0 10744 0 167744 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B IT IS DISCOVERY PLACE'S POLICY THAT DISCOVERY PLACE'S EXTERNAL AUDITOR, A CERTIFIED CPA FIRM, PREPARES THE ORGANIZATION'S IRS FORM 990. ONCE PREPARED, THE IRS FORM 990 WILL BE REVIEWED BY DISCOVERY PLACE'S CHIEF FINANCIAL OFFICER, AND PRESIDENT AND CHIEF EXECUTIVE OFFICER. ONCE REVIEWED BY STAFF, THE IRS FORM 990 WILL BE REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES WILL RECEIVE A COPY OF THE IRS FORM 990 BY EMAIL NO LESS THAN 5 DAYS PRIOR TO THE BOARD OF TRUSTEES MEETING WHEN THE 990 BOARD RESOLUTION WILL OCCUR. THE BOARD OF TRUSTEES WILL REVIEW THE IRS FORM 990 THAT IS FILED ON THE ORGANIZATION'S BEHALF BEFORE IT IS FILED WITH THE IRS. A BOARD RESOLUTION IS REQUIRED IN ORDER FOR THE IRS FORM 990 TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY (BY RE-SIGNING THE CONFLICT OF INTEREST AGREEMENT) ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL OFFICERS, DIRECTORS, TRUSTEES AND EMPLOYEES ARE ENCOURAGED TO REPORT ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS THROUGHOUT THE YEAR. EMPLOYEES RECEIVE PERIODIC TRAINING ON THE DEFINITION OF CONFLICT OF INTEREST. ANY NEW BUSINESS RELATIONSHIPS THAT MAY GIVE RISE TO CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION: THE CHAIRMAN OF THE BOARD AND THE EXECUTIVE COMMITTEE DETERMINES AND APPROVES THE CEO'S COMPENSATION THROUGH THE FOLLOWING PROCESS: A FORMAL EVALUATION/REVIEW OF THE CEO'S PERFORMANCE. REVIEW BENCHMARKING DATA FROM LIKE ORGANIZATIONS. TAKES INTO CONSIDERATION THE STATE OF THE DISCOVERY PLACE'S FINANCIAL POSITION. KEY EMPLOYEES' COMPENSATION: KEY EMPLOYEES ARE TREATED LIKE ANY OTHER EMPLOYEE AT DISCOVERY PLACE. THEY ARE EVALUATED BY THEIR SUPERVISOR (THE CEO) AND THE RATING OF THE EVALUATION IS USED TO DETERMINE THEIR PAY INCREASE BASED ON THE SAME RATING AND PAY RATE SCALE USED FOR ALL DISCOVERY PLACE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE PERIOD OF TIME SET FORTH IN SECTION 6104(D). THE REQUEST CAN BE FULFILLED BY PROVIDING A COPY OF SAID DOCUMENTS OR ALLOWING INSPECTION AT THE ORGANIZATION'S OFFICE. FORM 990, PART VII, SECTION A, COLUMN F THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 572,306. MANAGEMENT AND GENERAL EXPENSES 361,736. FUNDRAISING EXPENSES 11,166. TOTAL EXPENSES 945,208. FORM 990, PART IX, LINE 25, FUNCTIONAL EXPENSES: DURING THE JUNE 30, 2021 FISCAL YEAR, THE RATIO OF TOTAL PROGRAM EXPENSES SHOWS AN APPARENT DECREASE. DUE TO THE COVID 19 PANDEMIC, PROGRAM STAFFING DECREASED, CAUSING THE CHANGE IN EXPENSE RATIOS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST: 5,505,498. CHANGE IN SPENDABLE INCOME FROM BENEFICIAL INTERESTS: 1,164,998. OTHER CHANGES IN SPENDABLE INCOME: 1,072,371.