2019-05-22T10:35:21-05:00 2018-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2018-01-01 043280353 COMMUNITY FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INC COMM 5089968253 128 UNION STREET SUITE 403 NEW BEDFORD MA 02740 JOHN VASCONCELLOS PRESIDENT 5089968253 2019-05-22 1 SANDRA M BROWN CPA P01614103 5088717178 2019-05-22 71.248.188.134 2019-05-22 11:05:29 ED P 60516F29906696E45DA798F791FFF32AB745D411 69E9977AC052CEB93F1ED3E2D4B07C277CAC5DE2 2018 2019-02-21 02:37:17Z JOHN VASCONCELLOS 128 UNION STREET SUITE 403 NEW BEDFORD MA 02740 5795765 0 X WWW.CFSEMA.ORG X 1995 MA TO MOBILIZE PHILANTHROPY BY MATCHING DONORS AND RESOURCES WITH COMMUNITY NEEDS FOR THE BENEFIT OF OUR REGION. 15 14 16 0 0 0 2727514 3165229 179790 131753 2083541 2188064 115716 84901 5106561 5569947 2317476 3272101 0 0 879959 963272 0 0 309205 837922 768435 4035357 5003808 1071204 566139 36391823 35719482 1813435 1239894 34578388 34479588 TO MOBILIZE PHILANTHROPY BY MATCHING DONORS AND RESOURCES WITH COMMUNITY NEEDS FOR THE BENEFIT OF OUR REGION. 0 0 4343219 3272101 135980 GRANT MAKING FOR COMMUNITY NEEDS. 4343219 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 36 0 16 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X PAMELA EVANS 5089968253 128 UNION STREET SUITE 403 NEW BEDFORD MA 02740 SETH GARFIELD DIRECTOR 2.00 X 0 0 0 LINDA BODENMANN DIRECTOR/CHAIR 2.00 X X 0 0 0 EDWARD G SIEGAL CPA DIRECTOR (THROUGH 4/18) 2.00 X 0 0 0 TERRY BOYLE DIRECTOR 2.00 X 0 0 0 COLLEEN C CARNEY DIRECTOR 2.00 X 0 0 0 CARL J CRUZ DIRECTOR / CLERK 2.00 X X 0 0 0 ERIK DOMINGUES MDFAAD DIRECTOR 2.00 X 0 0 0 CYNTHIA ROSE DIRECTOR (EFF 4/2018) 2.00 X 0 0 0 WILLIAM R ECCLES JR DIRECTOR 2.00 X 0 0 0 DR DIVINA GROSSMAN DIRECTOR (THROUGH 4/18) 2.00 X 0 0 0 GERRY KAVANAUGH DIRECTOR 2.00 X 0 0 0 DANA R NORMAN CPA DIRECTOR /TREASURER(THROUGH 4/18) 2.00 X X 0 0 0 JASON RUA DIRECTOR 2.00 X 0 0 0 ERIC H STRAND DIRECTOR/VICE CHAIR 2.00 X X 0 0 0 LEONARD W SULLIVAN DIRECTOR (THROUGH 4/18) 2.00 X 0 0 0 VERA F VADEBONCOEUR DIRECTOR (THROUGH 4/18) 2.00 X 0 0 0 NICHOLAS M CHRIST DIRECTOR 2.00 X 0 0 0 LOUIS E SOUSA DIRECTOR/ TREASURER 2.00 X X 0 0 0 MARIA ROSARIO DIRECTOR 2.00 X 0 0 0 JOHN VASCONCELLOS PRESIDENT 40.00 X 157500 0 17868 PAMELA EVANS DIRECTOR OF FINANCE/ADMINI 30.00 X 74248 0 4082 231748 0 21950 1 0 1 0 CHARLES SCHWAB PO BOX 628290 ORLANDO FL 32862 INVESTMENT MANAGEMENT FEES 101660 1 101995 3063234 56601 3165229 WORKSHOP FEES 900099 125040 125040 ADMINISTRATIVE FEES 541610 6713 6713 131753 1097771 1097771 1262782 172489 1090293 1090293 1090293 134003 101995 53329 80674 80674 MISCELLANEOUS 900099 4227 4227 4227 5569947 135980 0 2268738 2861124 2861124 410977 410977 254450 101780 117596 35074 562217 296411 74785 191021 11629 6637 430 4562 58000 29457 11037 17506 76976 37718 17705 21553 2674 2674 17131 17131 101660 101660 156309 120469 35840 25507 24787 720 99364 50093 36956 12315 85083 41691 19569 23823 10468 7473 2995 22800 19236 3564 11970 5865 2754 3351 7628 7628 EXPENSES FOR FISCALLY S 227841 227841 5003808 4343219 351384 309205 64529 42090 2289802 1832656 80000 80000 29059 14423 19257 46996 17758 453569 29238 33455811 29359919 4630 1977 0 4354345 36391823 35719482 52376 30054 300000 195000 298234 1162825 1014840 1813435 1239894 X 30140384 26199348 2517769 6322272 1920235 1957968 34578388 34479588 36391823 35719482 X 566139 -4965901 4921158 -620196 X 0 1 X 1 0 X 5239936 2184824 2677373 2727514 3165229 15994876 5239936 2184824 2677373 2727514 3165229 15994876 119120 15875756 1121206 962717 724182 893261 1097771 4799137 20794013 756981 0.76350 0.77080 X 55 146 1171069 2864104 2153779 2061694 18820650 12295951 1 1 3631868 51834 -311749 295918 3076035 3230957 20208 488045 107342 3631868 3079469 32027 254381 134920 3230957 27371587 1466562 -604481 1595300 26638368 26754027 1390309 783648 1597227 -40830 27371587 0.14000 0.64000 0.22000 0 0 25616 2749 22867 21380 15009 6371 29238 BENEFICIAL INTEREST IN PERPETUAL TRUST 4354345 4354345 AGENCY ENDOWMENT FUNDS 935684 ANNUITIES PAYABLE 8323 AGENCY FUNDS HELD FOR OTHERS 70833 1014840 -16230 -4965901 -518616 -5484517 5468287 101660 101660 5569947 5003728 101580 101580 4902148 101660 101660 5003808 PART V, LINE 4: THE COMMUNITY FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INTENDS TO USE ENDOWMENT FUNDS FOR MAKING GRANT DISTRIBUTIONS TO OTHER AREA NON-PROFIT ORGANIZATIONS TO BE USED FOR THE GENERAL GOOD OF THE COMMUNITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LESS: AGENCY FUND RETURN -71,973. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST -446,643. GALA 134620 101995 32625 10056 30681 12592 MOTHER'S DAY RACE - WOMEN'S FUND 29897 29897 1 71481 71481 235998 101995 134003 10056 30681 12592 53329 80674 1 BUZZARDS BAY COALITION 114 FRONT STREET NEW BEDFORD MA 02740 042971978 501(C)(3) 60000 GENERAL OPERATING SUPPORT/ PROTECT 150 ACRES OF COASTAL FARMS CHILD & FAMILY SERVICES 1061 PLEASENT STREET NEW BEDFORD MA 02740 042104754 501(C)(3) 17560 CARING NETWORK / GENERAL SUPPORT CHILDREN'S ADVOCACY CENTER OF BRISTOL COUNTY 58 ARCH STREET FALL RIVER MA 02724 043135548 501(C)(3) 10750 GENERAL SUPPORT/ THERAPUETIC JOURNALING CITY ON A HILL FOUNDATION 31 HEATH STREET BOSTON MA 02130 043217458 501(C)(3) 10000 GENERAL SUPPORT COMMUNITY ECONOMIC DEVELOPMENT CENTER OF SE 1285 ACUSHNET AVENUE NEW BEDFORD MA 02746 010543265 501(C)(3) 32525 ESOL CLASSES AND IMMIGRANT NETWORK AND CEDC'S RESEARCH CITY OF NEW BEDFORD DEPARTMENT OF COMMUNITY CITY OF NEW BEDFORD 11500 ESOL PROGRAMMING AND KOOLDAYS DENNISON MEMORIAL COMMUNITY CENTER 755 FIRST STREET NEW BEDFORD MA 02740 042103806 501(C)(3) 88000 GENERAL OPERATING SUPPORT DIABETES ASSOCIATION INC 1040 EASTERN AVENUE FALL RIVER MA 02723 042665107 501(C)(3) 6174 ANNUAL RELEASE OF 4.25% DISTRIBUTION FROM THE DIABETES ASSOC. GLOBAL LEARNING CHARTER PUBLIC SCHOOL 190 ASHLEY BLVD NEW BEDFORD MA 02746 412205240 501(C)(3) 184630 GENERAL OPERATING SUPPORT/ TECHNOLOGY NEEDS MARION INSTITUTE 202 SPRING STREET MARION MA 02738 043206583 501(C)(3) 16868 GENERAL OPERATING SUPPORT NATIVITY PREPARATORY SCHOOL OF NEW BEDF 66 SPRING STREET NEW BEDFORD MA 02746 043501206 501(C)(3) 11500 GENERAL OPERATING SUPPORT/ SSAT MATERIAL NEW BEDFORD ART MUSEUM 608 PLEASANT STREET NEW BEDFORD MA 02746 043274100 501(C)(3) 58000 LEARNING STUDIO: EARLY LITERACY THROUGH THE ARTS/ARTMOBILE/GENERAL OPERATING SUPPORT COMMUNITY BOATING CENTER 1641 PADANARAM AVE NEW BEDFORD MA 02740 043407842 501(C)(3) 10125 GENERAL OPERATING SUPPORT/ SUMMER YOUTH PROGRAM DHARMA VOYAGE PO BOX N104 WESTPORT MA 02790 270533958 501(C)(3) 6000 GENERAL OPERATING SUPPORT NEW BEDFORD PUBLIC SCHOOLS 145 BROWNELL AVENUE NEW BEDFORD MA 02746 046001402 501(C)(3) 567257 SEVERAL STIPENDS, SCHOLARSHIP FUNDS, TECHNOLOGY, AND ENRICHMENT PROJECTS, ALONG WITH GENERAL OPERATING SUPPORT FOR MULTIPLE PUBLIC SCHOOLS. DREAM OUT LOUD 1 JOHNNY CAKE HILL NEW BEDFORD MA 02740 043528626 501(C)(3) 7250 CREATIVE CAREERS SUMMER PROGRAM OLD DARTMOUTH HISTORICAL SOCIETY 18 JOHNNY CAKE HILL NEW BEDFORD MA 02746 042104805 501(C)(3) 278385 GENERAL OPERATING SUPPORT AND PLEDGE PAYMENT GREATER NEW BEDFORD REG VOC TECH HIGH SCHOO 1121 ASHLEY BLVD NEW BEDFORD MA 02745 043237225 12000 MENTORING PROGRAM OUR SISTERS' SCHOOL 145 BOWNELL AVENUE NEW BEDFORD MA 02740 260367118 501(C)(3) 13885 FOR THE OPPORTUNITY FUND AND GENERAL SUPPORT HARPSWELL HERITAGE LAND TRUST PO BOX 359 HARPSWELL ME 04079 222552116 501(C)(3) 30000 HARPSWELL COMMUNITY SCHOOL TO CONTINUE PEOPLE INCORPORATED 4 SOUTH MAIN STREET FALL RIVER MA 02721 042447216 501(C)(3) 10000 SMILES AFTERSCHOOL MENTORING AT PARKER ELEMENTARY PIONEER INSTITUTE FOR PUBLIC POLICY RES 85 DEVONSHIRE STREET BOSTON MA 02109 222632081 501(C)(3) 10000 GENERAL OPERATING SUPPORT REACH OUT AND READ 56 ROLAND STREET SUITE 100D BOSTON MA 02129 043481253 501(C)(3) 12500 GENERAL OPERATING SUPPORT SCHWARTZ CENTER FOR CHILDREN 1 POSA PLAZA NORTH DARTMOUTH MA 02747 042296947 501(C)(3) 6290 GENERAL SUPPORT IMMIGRANTS' ASSISTANCE CENTER 58 CRAPO STREET NEW BEDFORD MA 02740 042530908 501(C)(3) 24500 GENERAL OPERATING SUPPORT JUNIOR ACHIEVEMENT OF SOUTHERN MASSACHUSETTS 128 UNION STREET SUITE 304 NEW BEDFORD MA 02740 043193575 501(C)(3) 6000 INVESTING IN THE FUTURE AT THE GOMES SCHOOL SMILES 4 SOUTH MAIN STREET FALL RIVER MA 02721 205177577 501(C)(3) 15552 GENERAL SUPPORT SOUTHCOAST HEALTH SYSTEMS 101 PAGE STREET NEW BEDFORD MA 02740 042794625 501(C)(3) 26229 ST. LUKES HOSPITAL OPERATING SUPPORT; TOBEY HOSPITAL GENERAL OPERATING SUPPORT; RADIOLOGY STAFF AWARD TEACH FOR AMERICA - GREATER BOSTON 60 CANAL STREET BOSTON MA 02114 133541913 501(C)(3) 21000 SPONSOR A TEACHER - NEW BEDFORD; GENERAL OPERATING SUPPORT NEW BEDFORD HISTORICAL SOCIETY 21 7TH STREET NEW BEDFORD MA 02740 043348881 501(C)(3) 11500 FOR A FREDERICK DOUGLASS STATUE; GENERAL OPERATING SUPPORT NEW BEDFORD SYMPHONY ORCHESTRA PO BOX 2053 NEW BEDFORD MA 02741 042658082 501(C)(3) 58543 GENERAL OPERATING SUPPORT; LEARNING IN CONCERT THE ARC OF NORTHERN BRISTOL COUNTY 141 PARK STREET ATTLEBORO MA 02703 042281165 501(C)(3) 11068 RELEASE OF 4.5% DISTRIBUTION - OPERATING SUPPORT NORTHSTAR LEARNING CENTER 53 LINDEN STREET NEW BEDFORD MA 02740 510200575 501(C)(3) 16342 GENERAL OPERATING SUPPORT; CLINICAL INTERVENTIONS AND SERVICES; YOUTH SUMMER JOB TOWN OF MARION 2 SPRING STREET MARION MA 02738 046001211 7915 PROPERTY TAX RELIEF FOR MARION RESIDENTS UMASS DARTMOUTH FOUNDATION 285 OLD WESTPORT ROAD NORTH DARTMOUTH MA 02747 043167352 501(C)(3) 103250 GENERAL OPERATING SUPPORT; LGBT YOUTH SYMPOSIUM; COLLEGE NOW AND BRIDGING THE GAP FUNDS UNITED WAY OF GREATER NEW BEDFORD 105 WILLIAM STREET NEW BEDFORD MA 02740 042104264 501(C)(3) 111000 GENERAL SUPPORT; GRANT FOR SUMMER FUND; TO SUPPORT THE COMMUNITY BUILDING MINI-GRANT; SHELTER AND BASIC SERVICES UPPER VALLEY HAVEN 713 HARTFORD AVENUE WHITE RIVER JUNCTION VT 05001 030277908 501(C)(3) 50000 FOR THE FOOD SHELF WESTPORT COMMUNITY SCHOOLS 17 MAIN ROAD WESTPORT MA 02790 043168304 501(C)(3) 15705 MAC DRAMA PRODUCTIONS; MATH CLUB; MAKER SPACE; THEATRE WORKS WHALE 128 UNION STREET NEW BEDFORD MA 02740 048130520 501(C)(3) 20000 2018 PAYMENT (5TH OF 5) OF CAPITAL FUNDS TO RESTOR YMCA SOUTHCOAST 18 SOUTH WATER STREET NEW BEDFORD MA 02740 042104749 501(C)(3) 22250 GENERAL OPERATING SUPPORT; HARVEST COMMUNITY FARM YWCA OF SOUTHEASTERN MA 20 SOUTH SIXTH STREET NEW BEDFORD MA 02740 042104747 501(C)(3) 18550 FOR SUPPORT OF YWCA GIRLS EXCLUSIVE PROGRAM; YWCA FINANCIAL LITERACY FOR WOMEN PROGRAM; GENERAL SUPPORT; WOMANS PLACE OLD ROCHESTER REGIONAL SCHOOL DISTRICT 135 MARION ROAD MATTAPOISETT MA 02739 046006455 5955 CURRICULUM ENRICHMENT ALMA DEL MAR CHARTER SCHOOL 26 MADEIRA AVENUE NEW BEDFORD MA 02746 452914995 501(C)(3) 20000 GENERAL SUPPORT YOUTH OPPORTUNITIES UNLIMITED 1361 EUCLID AVE CLEVELAND OH 44115 341381135 501(C)(3) 32000 SCHOLARSHIP AND PROGRAM IMPLEMENTATION SUPPORT; EXPLORE YOUR ENVIRONMENT BOYS & GIRLS CLUB OF GREATER NEW BEDFORD 166 JENNEY STREET NEW BEDFORD MA 02703 042104752 501(C)(3) 110561 GENERAL OPERATING SUPPORT AND NEW BEDFORD WELLNESS INITIATIVE HOLY UNION SISTERS OPEN ESOL PO BOX 410 MILTON MA 02186 042313420 501(C)(3) 5000 SISTER BARBARA WALSH'S OPEN ESOL PROGRAM THE LIVESTOCK INSTITUTE OF SOUTHERN NEW ENGLAND PO BOX 879 WESTPORT MA 02790 465691864 501(C)(3) 5000 GENERAL SUPPORT TOWN OF GOSNOLD 28 TOWER HILL ROAD CUTTYHUNK ISLAND MA 02713 TOWN OF GOSNOLD 24000 WILDLIFE PROTECTION PROGRAM; BROADBAND CONTRACT UNITED INTERFAITH ACTION OF SE MASSACHUSETTS 160 ROCK STREET FALL RIVER MA 02720 311585685 501(C)(3) 7500 GENERAL OPERATING SUPPORT BUTTONWOOD PARK ZOOLOGICAL SOCIETY 425 HAWTHORN STREET NEW BEDFORD MA 02740 042661467 501(C)(3) 65325 GENERAL SUPPORT; RED PANDA CONSERVATION; NATURE CONNECTION THE WOMANS CENTER 133 PARK STREET NE VIENNA VA 22180 237423496 501(C)(3) 45473 CAREER EXPLORATION PROGRAM; VIOLENCE PREVENTION EVENT TEAM NOAH FOUNDATION 1031 PHILLIPS ROAD NEW BEDFORD MA 02745 811278463 501(C)(3) 5000 NOAHS PLACE PLAYGROUND UPKEEP SOUTH COAST LGBTQ NETWORK 1213 PURCHASE STREET UNIT 2 NEW BEDFORD MA 02742 822601799 501(C)(3) 68028 GENERAL AND EVENT SUPPORT SER JOBS FOR PROGRESS 164 BEDFORD STREET FALL RIVER MA 02720 042664574 501(C)(3) 22500 PUBLIC ART PROPOSAL AND EVENING FAMILY LEARNING SUPPORT ALICE PECK DAY MEMORIAL HOSPITAL 10 ALICE PECK DAY DRIVE LEBANON NH 03766 020222791 501(C)(3) 50000 MEDICAL UNIT SUPPORT BENJAMIN FRANKLIN INSTITUTE OF TECHNOLOGY 41 BERKELEY STREET BOSTON MA 02116 042103576 501(C)(3) 10000 GENERAL OPERATING SUPPORT SIPPICAN HISTORIAL SOCIETY PO BOX 541 MARION MA 02738 046125635 501(C)(3) 15000 GENERAL SUPPORT SEA RESEARCH FOUNDATION 55 COOGAN BLVD MYSTIC CT 06355 061480300 501(C)(3) 5000 GENERAL SUPPORT SEA EDUCATION ASSOCIATION PO BOX 218 SUTTONS BAY MI 49682 382866234 501(C)(3) 58327 GENERAL SUPPORT SCHOOL ON WHEELS 100 LAUREL STREET SUITE 121 EAST BRIDGEWATER MA 02333 201020880 501(C)(3) 5000 GENERAL SUPPORT RIVER OAKS CHAMBER ORCHESTRA 1934 WEST GRAY 311 HOUSTON TX 77019 300288750 501(C)(3) 5000 STRINGS SUPPORT PEOPLE ACTING IN COMMUNITY ENDEAVORS INC 166 WILLIAM STREET PO BOX 5626 NEW BEDFORD MA 02742 042777810 501(C)(3) 10000 CONSTRUCTION OF A NEW PLAYGROUND POSITIVE ACTION AGAINST CHEMICAL ADDICTION INC 360 COGGESHALL STREET NEW BEDFORD MA 02746 042791362 501(C)(3) 10000 GENERAL OPERATING SUPPORT CAPE VERDEAN ASSOCIATION IN NEW BEDFORD PO BOX 5532 NEW BEDFORD MA 02742 043105677 501(C)(3) 30000 ART GRANT CASA DOS ACORES NOVA INGLATERRA 232 S MAIN STREET FALL RIVER MA 02721 050482867 501(C)(3) 15000 ART GRANT COASTLINE ELDERLY SERVICES 1646 PURCHASE STREET NEW BEDFORD MA 02740 042622121 501(C)(3) 5000 LGBT SUPPER CLUB SUPPORT DARTMOUTH PUBLIC SCHOOLS 8 BUSH STREET DARTMOUTH MA 02748 TOWN OF DARTMOUTH 14941 TEACHER AWARDS FAMILY SERVICE ASSOCATION 101 ROCK STREET FALL RIVER MA 02720 042104058 501(C)(3) 20000 RENOVATIONS AND ACQUISITION SUPPORT FREETOWN-LAKEVILLE REGIONAL SCHOOLS 98 HOWLAND ROAD LAKEVILLE MA 02347 TOWN OF LAKEVILLE 6655 RETIRING FUNDS GROUNDWORK SOUTHCOAST 60 ISLAND STREET LAWRENCE MA 01840 043546770 20000 GENERAL SUPPORT MASS DAT 335 ACUSHNET AVENUE NEW BEDFORD MA 02740 814992798 501(C)(3) 61835 PUBLIC ART GRANTS MAX WARBURG COURAGE CURRICULUM 263 HUNTINGTON AVE 366 BOSTON MA 02115 043256902 501(C)(3) 10000 MATCHING GRANT MERROW INCUBATOR 502 BEDFORD STREET FALL RIVER MA 02720 824924314 5000 GENERAL SUPPORT 73 HOWLAND GRANTS 12 25700 N/A WOMENS FUND SAVINGS INCENTIVE PROGRAM GRANTS 19 16945 N/A SCHOLARSHIP 161 368332 N/A PART I, LINE 2: ALL GRANTEES ARE REQUIRED TO SUBMIT REPORTS TO THE FOUNDATION AT THE END OF THE GRANT CYCLE. GRANTEES WHO ARE RECIPIENTS OF DISCRETIONARY GRANTS RECEIVE ADDITIONAL REVIEW INCLUDING SUBMISSION OF MID-TERM PROGRESS REPORTS, SITE VISITS AND EVALUATIONS WHICH VARY ACCORDING TO THE TYPE OF GRANT. X X X 0 0 0 0 0 0 0 0 0 JOHN VASCONCELLOS PRESIDENT 157500 0 0 0 0 0 6540 0 11328 0 175368 0 0 0 SOUTH COAST HEALTH SYSTEMS BOARD MEMBER IS CHIEF OFFICER OF SOUTH COAST HEALTH SYSTEMS 27229 GRANTS RECIEVED FROM FOUNDATION 0 U-MASS DARTMOUTH BOARD MEMBER IS ASSOCIATE VICE CHANCELLOR FOR FINANCE 103250 GRANTS RECEIED FROM FOUNDATION 0 X 8 56601 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B ANNUALLY, THE FINANCE AND AUDIT COMMITTEE MEETS WITH THE INDEPENDENT AUDITOR TO REVIEW AND APPROVE THE SUBMISSION OF THE FORM 990. PRIOR TO SUBMISSION, THE TREASURER ALSO PRESENTS A SUMMARY OF THE ANNUAL AUDIT, RELATED FINDINGS AND THE FORM 990 TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT WAS UPDATED AND ADOPTED AS PART OF COMPREHENSIVE POLICIES FOR BUSINESS CONDUCT IN DECEMBER 2008. CFSEMA REQUIRES ANNUAL SUBMISSIONS OF BOARD AND BUSINESS AFFILIATIONS. IN ADDITION, BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICT OF INTEREST DURING THOSE MEETINGS, WHICH ARE SUBSEQUENTLY NOTED IN THE MINUTES FOR THOSE MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD CHAIR LEADS THE REVIEW AND COMPENSATION RECOMMENDATIONS FOR THE PRESIDENT AND CEO. THAT REVIEW INCLUDES A WRITTEN EVALUATION BASED ON WRITTEN INPUT FROM BOARD MEMBERS. DURING THAT PROCESS, THE CHAIR ALSO REVIEWS COMPARATIVE COMPENSATION OF OTHER CEOS OF SIMILAR ORGANIZATIONS IN THE REGION. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR COMPLETING THE ANNUAL REVIEW AND PRESENTING ITS FINDINGS AND COMPENSATION RECOMMENDATIONS TO THE FULL BOARD TO VOTE ON. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: LESS: AGENCY FUND RETURN -71,973. LOSS ON SALE OF BUILDING -101,580. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUST -446,643.