2019-05-14T16:33:42-05:00 2018-12-31 TAYLOR ROTH AND COMPANY 800 GRANT ST STE 205 DENVER CO 802032944 990 2018-01-01 911919141 TRAINING RESOURCES FOR THE ENVIRONMENTAL COMMUNITY TRAI 5059868400 221 OTERO ST SANTA FE NM 87501 MARGARET SEIBEL EXECUTIVE DIRECTOR 5059868400 2019-05-14 true KEN ROTH P01389203 3038308109 2019-05-14 173.14.30.85 2019-05-14 16:33:42 CD P DEF54AB10C609C8093687A0F7DA4E930D1A29FDE 60F1CF311632E9905004E97644F54C92B2EFEBE8 2018 2019-02-21 02:37:17Z MARGARET SEIBEL 221 OTERO STREET SANTA FE NM 87501 1820675 false X WWW.TREC.ORG X 1998 WA OUR VISION IS LEADERS, ORGANIZATIONS, AND DIVERSE COALITIONS WORKING EFFECTIVELY FOR ENVIRONMENTAL PROTECTION, CONSERVATION, AND SUSTAINABILITY IN WESTERN NORTH AMERICA. WE CULTIVATE EFFECTIVENESS BY PROVIDING PREMIER CAPACITY BUILDING SERVICES DELIVERED IN-DEPTH AND OVER TIME. 5 5 10 5 0 1675138 1743289 107477 73705 915 1945 2081 1736 1785611 1820675 27137 21755 0 912206 1024335 0 21922 741317 687837 1680660 1733927 104951 86748 922368 1018847 104084 113815 818284 905032 X TREC'S VISION IS LEADERS, ORGANIZATIONS, AND DIVERSE COALITIONS WORKING EFFECTIVELY FOR ENVIRONMENTAL PROTECTION, CONSERVATION, AND SUSTAINABILITY IN WESTERN NORTH AMERICA. TREC CULTIVATES EFFECTIVENESS BY PROVIDING PREMIER CAPACITY BUILDING SERVICES DELIVERED IN-DEPTH AND OVER TIME. false false 1046615 21755 73705 ORGANIZATIONAL EFFECTIVENESS PROGRAM AND CUSTOM SERVICES: TREC PROVIDED HIGHLY INTENSIVE, CUSTOMIZED TRAINING, CONSULTING AND COACHING TO OVER 100 ORGANIZATIONS IN TARGETED REGIONS WITHIN WESTERN NORTH AMERICA. AS A RESULT OF TREC'S SERVICES, CLIENT ORGANIZATIONS DEVELOPED SYSTEMS AND TOOLS THAT ENABLED THEM TO USE THEIR RESOURCES MORE EFFICIENTLY IN MEETING THEIR MISSIONS. THIS PROGRAM ALLOWED ORGANIZATIONS TO RECEIVE HIGH-QUALITY ASSISTANCE THAT THEY WOULD NOT OTHERWISE BE ABLE TO AFFORD IN AREAS SUCH AS BOARD DEVELOPMENT, STRATEGIC PLANNING, ORGANIZATIONAL ASSESSMENTS, STAFF DEVELOPMENT, HUMAN RESOURCE MANAGEMENT, AND FISCAL MANAGEMENT. 431436 LEADERSHIP PROGRAM: OUR YEAR-LONG TREC LEADERSHIP PROGRAM ADDRESSES THE CHALLENGES AND NEEDS FACING NON-PROFIT LEADERS IN WESTERN NORTH AMERICA. PARTICIPANTS GAINED SKILLS FOR MANAGING STAFF AND LEADING TEAMS, AS WELL AS TIME MANAGEMENT, STRATEGIC PLANNING, AND PERSONNEL MANAGEMENT. OVER THE 12 MONTHS, TREC HELD SIX WEEK-LONG, IN-PERSON LEADERSHIP TRAINING SESSIONS, EACH WITH 15 TO 20 PARTICIPANTS. IN ADDITION TO THE TRAINING SESSION, EACH PARTICIPANT RECEIVED FEEDBACK AND REVIEW AND FOLLOW-UP ONE-ON-ONE EXECUTIVE COACHING. 98727 COLLABORATIONS PROGRAM: EXPERT ASSISTANCE TO ORGANIZATIONS IN PLANNING AND WORKING WITH ORGANIZATIONS TO COLLABORATE EFFECTIVELY; FACILITATION OF MEETINGS OF COALITIONS, CONDUCTED TRAININGS ON BEST PRACTICES FOR COLLABORATIONS; HELD ADVOCACY AND GOVERNMENT AFFAIRS TRAINING THAT ADDRESSED WORKING WITH FEDERAL AGENCIES AND CULTIVATING RELATIONSHIPS. EIGHTY-NINE INDIVIDUALS FROM 49 ORGANIZATIONS PARTICIPATED IN 2-DAY EVENT. ADDED A 1-DAY WORKSHOP TO SUPPORT GRANTEES IN DEEPENING UNDERSTANDING OF INDIGENOUS RECONCILIATION AND WORK IN THIS AREA, AND 20 INDIVIDUALS FROM 11 ORGANIZATIONS PARTICIPATED. TREC HELD A FACILITATION TRAINING WORKSHOP FOR 19 INDIVIDUALS FROM 12 ORGANIZATIONS AND ALSO PROVIDED A COLLABORATION WORKSHOP FOR 19 REPRESENTING 5 COLLABORATIONS FROM 14 ORGANIZATIONS. 54717 FUNDRAISING ASSISTANCE PROGRAM: THE FUNDRAISING ASSISTANCE PROGRAM HELPED ORGANIZATIONS TO RAISE MONEY WHILE THEY DIVERSIFY AND STABILIZE THEIR FUNDRAISING BASE. PAST PARTICIPANTS HAVE REPORTED SUBSTANTIAL INCREASES IN REVENUE, MEMBERSHIP, AND MAJOR DONORS AFTER COMPLETING THE FUNDRAISING FOR THE FUTURE. TREC HELD MORE THAN 7 TRAINING SESSIONS IN 2018 FOR 11 ORGANIZATIONS. THESE WEB- BASED TRAINING SESSIONS ARE SUPPLEMENTED WITH EXTENSIVE INDIVIDUAL CONSULTATION AND COACHING AND HANDS-ON "HOMEWORK" ASSIGNMENTS. THIS PRECEDENT-SETTING COMBINATION HAS ALLOWED PARTICIPANTS TO LEARN CRUCIAL SKILLS, NETWORK WITH THEIR PEERS, AND APPLY NEW INFORMATION TO THEIR ORGANIZATIONS 54717 1631495 true true false false false false false false false true true false false false false true false false false true true false false false false false false false true true false false false false false false false false false false false false false false false false false true 11 0 true 10 true false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false WA NM X MARGARET SEIBEL 5059868400 221 OTERO STREET SANTA FE NM 87501 LIZ BANSE DIRECTOR 1.00 X 0 0 0 DAVID LANFROM DIRECTOR 1.00 X 0 0 0 WENDY FRANCIS PRESIDENT 2.00 X X 0 0 0 DIANA TOLEDO VICE PRESIDE 2.00 X X 0 0 0 JAMES KIM GILLIAM SECRETARY/TR 2.00 X X 0 0 0 MARGARET SEIBEL EXECUTIVE DI 40.00 X 168200 0 18050 ELIZABETH H STANLEY SENIOR ASSOC 40.00 X 121938 0 15700 DONALD ELDER SENIOR ASSOC 40.00 X 129060 0 13476 419198 47226 3 false true false NEW DIMENSIONS CONSULTING 5914 NORTH VANCOUVER AVE PORTLAND OR 97217 CONSULTING 131590 1 1743289 1743289 BELOW-COST CONSULTING FEES 541610 73705 73705 73705 1945 1945 MISCELLANEOUS REVENUE 541610 1736 1736 1736 1820675 75441 1945 16908 16908 4847 4847 186250 161013 10244 14993 661396 631529 29867 68642 65493 3149 40495 38443 1541 511 67552 58608 5864 3080 10006 10006 46506 44072 2002 432 37055 34715 1822 518 100058 99264 794 16189 3788 11166 1235 2835 2672 136 27 7763 3998 3704 61 CONTRACT ASSOCIATES 312344 312344 PARTICIPANT FOOD/LODGING 69562 68558 1004 CONSULTANTS & TRAINERS 38201 38201 PROFESSIONAL SERVICES 27090 27044 37 9 20228 19998 178 52 1733927 1631495 80510 21922 X X 170013 13777 587658 837462 522 300 7077 12628 22000 20910 3925 1090 153173 153590 922368 1018847 104084 113815 104084 113815 X 808284 835032 10000 70000 818284 905032 922368 1018847 86748 X false true X true false X 1452448 1475015 1622203 1675138 1743289 7968093 1452448 1475015 1622203 1675138 1743289 7968093 5126571 2841522 833 874 728 1067 1945 5447 7973540 430188 0.35640 0.36110 X 534500 100000 -40000 594500 540299 10000 -15799 534500 503500 46000 -9201 540299 503500 503500 503500 25000 -25000 503500 0.88230 0.11770 false false 22000 20910 1090 1090 X 1820675 1820675 1820675 1733927 1733927 1733927 SCHEDULE D, PAGE 2, PART V, LINE 4 THE BOARD HAS DESIGNATED ASSETS TO PROVIDE FOR AN OPERATING RESERVE WHICH CAN BE USED FOR OPERATIONS IF NEEDED DUE TO UNEXPECTED CIRCUMSTANCES, SUCH AS REDUCTIONS IN GRANT FUNDING. IN ADDITION, THE BOARD ALSO DESIGNATED ASSETS FOR AN ENTREPRENEURIAL FUND, THE PURPOSE OF WHICH IS TO PROVIDE FUNDING FOR STAFF TO PURSUE PROJECTS THAT ARE OUTSIDE ROUTINE, PLANNED OPERATIONS. TEMPORARILY RESTRICTED NET ASSETS ARE DONOR-RESTRICTED AND WILL BE RELEASED FROM RESTRICTIONS WHEN DONOR RESTRICTIONS ARE SATISFIED. SCHEDULE D, PAGE 3, PART X TRAINING RESOURCES FOR THE ENVIRONMENTAL COMMUNITY HAS RECEIVED AN INTERNAL REVENUE SERVICE EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3). ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. true NORTH AMERICA 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 148246 1 1 148246 148246 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 PARTICIPANTS MAY REQUEST FINANCIAL ASSISTANCE TO COVER A PORTION OF THEIR TRAVEL EXPENSES TO ATTEND OUR TRAININGS. THEY MAKE THEIR REQUEST IN ADVANCE OF THE TRAINING, DESCRIBING THE MEANS OF TRAVEL, TOTAL COSTS, AND THE AMOUNT THAT THEY ARE REQUESTING TREC TO COVER. TREC REVIEWS THE REQUESTS TO MAKE SURE ALL EXPENSES ARE REASONABLE AND DETERMINES WHICH EXPENSES ARE COVERED BASED ON NEED. ALL REIMBURSEMENTS ARE MADE AFTER THE TRAINING ONCE PARTICIPANTS HAVE TURNED IN RECEIPTS DOCUMENTING THE EXPENSES. NO INDIVIDUAL GRANTS WERE OVER 5,000; NONE ARE REPORTED IN PART II OR PART III. SCHEDULE F, PAGE 1, PART I, LINE 3 NORTH AMERICA 148,246 0 SCHEDULE F, PAGE 5, PART V TREC DOES NOT ACCOUNT FOR ITS BELOW-COST TRAINING AND TECHNICAL ASSISTANCE BY RECIPIENT ORGANIZATION. IN 2018, TREC PROVIDED IN-DEPTH TRAINING AND CONSULTING TO MORE THAN 100 ENVIRONMENTAL ORGANIZATIONS IN NORTH AMERICA. IN ADDITION, RECORDED TUTORIALS, RESEARCH REPORTS, AND OTHER RESOURCES WERE AVAILABLE TO THE PUBLIC. IN SOME INSTANCES, WE FOCUS INTENSIVELY ON A HANDFUL OF SELECTED ENVIRONMENTAL CHARITIES, USUALLY FOR A PERIOD OF ONE TO THREE YEARS, DEPENDING ON THEIR STAGE OF DEVELOPMENT AND THE OPPORTUNITY TO LEVERAGE TREC'S SKILLS FOR THE STRENGTH OF THE SECTOR. IN 2018, 11 ORGANIZATIONS OUTSIDE OF THE U.S., ALL IN CANADA, RECEIVED SUCH ASSISTANCE AT A SIGNIFICANT LEVEL WHICH WOULD EXCEED 5,000 IN COST IF TREC WERE ACCOUNTING FOR IT IN THAT MANNER. ALL 11 ORGANIZATIONS WERE IN THE NORTH AMERICA REGION, AND ALL OF THEM WERE THE EQUIVALENT OF U.S. PUBLIC CHARITIES. SEE ALSO FORM 990, PART III, LINE 4. true TRAVEL ASSISTANCE 39 16908 SCHEDULE I, PAGE 1, PART I, LINE 2 PARTICIPANTS MAY REQUEST FINANCIAL ASSISTANCE TO COVER A PORTION OF THEIR TRAVEL EXPENSES TO ATTEND OUR TRAININGS. THEY MAKE THEIR REQUEST IN ADVANCE OF THE TRAINING, DESCRIBING THE MEANS OF TRAVEL, TOTAL COSTS, AND THE AMOUNT THAT THEY ARE REQUESTING TREC TO COVER. TREC REVIEWS THE REQUESTS TO MAKE SURE ALL EXPENSES ARE REASONABLE AND DETERMINES WHICH EXPENSES ARE COVERED BASED ON NEED. ALL REIMBURSEMENTS ARE MADE AFTER THE TRAINING ONCE PARTICIPANTS HAVE TURNED IN RECEIPTS DOCUMENTING THE EXPENSES. SCHEDULE I, PAGE 4, PART IV TREC DOES NOT ACCOUNT FOR ITS BELOW-COST TRAINING AND TECHNICAL ASSISTANCE BY RECIPIENT ORGANIZATION. IN 2018, TREC PROVIDED IN-DEPTH TRAINING AND CONSULTING TO OVER 100 ENVIRONMENTAL ORGANIZATIONS IN NORTH AMERICA. IN ADDITION, RECORDED TUTORIALS, RESEARCH REPORTS, AND OTHER RESOURCES WERE AVAILABLE TO THE PUBLIC. IN SOME INSTANCES, WE FOCUS INTENSIVELY ON A HANDFUL OF SELECTED ENVIRONMENTAL CHARITIES, USUALLY FOR A PERIOD OF ONE TO THREE YEARS, DEPENDING ON THEIR STAGE OF DEVELOPMENT AND THE OPPORTUNITY TO LEVERAGE TREC'S SKILLS FOR THE STRENGTH OF THE SECTOR. IN 2018, AN ESTIMATED 47 ORGANIZATIONS RECEIVED SUCH ASSISTANCE AT A SIGNIFICANT LEVEL WHICH WOULD EXCEED 5,000 IN COST IF TREC WERE ACCOUNTING FOR IT IN THAT MANNER. ALL 47 OF THE ORGANIZATIONS WERE PUBLIC CHARITIES. SEE ALSO FORM 990, PART III, LINE 4. X X X X X false false false false false false false false false MARGARET SEIBEL EXECUTIVE DIRECTOR 163100 5100 17450 600 186250 SCHEDULE J, PART III MARGARET SEIBEL, EXECUTIVE DIRECTOR, RECEIVED REIMBURSEMENTS FOR ROUTINE, REASONABLE, AND ACTUAL EXPENSES INCURRED DURING THE YEAR UNDER AN ACCOUNTABLE PLAN. MS. SEIBEL TRAVELS THROUGHOUT THE SERVICE AREA AND THE ORGANIZATION HAS A TRAVEL POLICY THAT CAPS REIMBURSEMENT LEVELS AND REQUIRES LOW-BUDGET TRAVEL. FORM 990 - ORGANIZATION'S MISSION TREC'S VISION IS LEADERS, ORGANIZATIONS, AND DIVERSE COALITIONS WORKING EFFECTIVELY FOR ENVIRONMENTAL PROTECTION, CONSERVATION, AND SUSTAINABILITY IN WESTERN NORTH AMERICA. TREC CULTIVATES EFFECTIVENESS BY PROVIDING PREMIER CAPACITY BUILDING SERVICES DELIVERED IN-DEPTH AND OVER TIME. FORM 990 FORM 990, PART IV, LINES 12A AND 12B: TREC OBTAINED INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE YEARS OF 2014, 2016, AND 2018. THE FINANCIAL STATEMENTS WERE REVIEWED BY INDEPENDENT ACCOUNTANTS IN 2013, 2015, AND 2017. FORM 990, PAGE 1, PART I, LINE 6 MEMBERS OF THE BOARD OF DIRECTORS SERVE ON A VOLUNTEER BASIS. FORM 990, PAGE 2, PART III, LINE 4C COLLABORATIONS PROGRAM: EXPERT ASSISTANCE TO ORGANIZATIONS IN PLANNING AND WORKING WITH ORGANIZATIONS TO COLLABORATE EFFECTIVELY; FACILITATION OF MEETINGS OF COALITIONS, CONDUCTED TRAININGS ON BEST PRACTICES FOR COLLABORATIONS; HELD ADVOCACY AND GOVERNMENT AFFAIRS TRAINING THAT ADDRESSED WORKING WITH FEDERAL AGENCIES AND CULTIVATING RELATIONSHIPS. EIGHTY-NINE INDIVIDUALS FROM 49 ORGANIZATIONS PARTICIPATED IN 2-DAY EVENT. ADDED A 1-DAY WORKSHOP TO SUPPORT GRANTEES IN DEEPENING UNDERSTANDING OF INDIGENOUS RECONCILIATION AND WORK IN THIS AREA, AND 20 INDIVIDUALS FROM 11 ORGANIZATIONS PARTICIPATED. TREC HELD A FACILITATION TRAINING WORKSHOP FOR 19 INDIVIDUALS FROM 12 ORGANIZATIONS AND ALSO PROVIDED A COLLABORATION WORKSHOP FOR 19 REPRESENTING 5 COLLABORATIONS FROM 14 ORGANIZATIONS. FORM 990, PAGE 2, PART III, LINE 4D FUNDRAISING ASSISTANCE PROGRAM: THE FUNDRAISING ASSISTANCE PROGRAM HELPED ORGANIZATIONS TO RAISE MONEY WHILE THEY DIVERSIFY AND STABILIZE THEIR FUNDRAISING BASE. PAST PARTICIPANTS HAVE REPORTED SUBSTANTIAL INCREASES IN REVENUE, MEMBERSHIP, AND MAJOR DONORS AFTER COMPLETING THE FUNDRAISING FOR THE FUTURE. TREC HELD MORE THAN 7 TRAINING SESSIONS IN 2018 FOR 11 ORGANIZATIONS. THESE WEB- BASED TRAINING SESSIONS ARE SUPPLEMENTED WITH EXTENSIVE INDIVIDUAL CONSULTATION AND COACHING AND HANDS-ON "HOMEWORK" ASSIGNMENTS. THIS PRECEDENT-SETTING COMBINATION HAS ALLOWED PARTICIPANTS TO LEARN CRUCIAL SKILLS, NETWORK WITH THEIR PEERS, AND APPLY NEW INFORMATION TO THEIR ORGANIZATIONS FORM 990, PAGE 6, PART VI, LINE 11B APPROXIMATELY A WEEK PRIOR TO FILING THE FORM 990, A DRAFT IN PDF FORMAT IS SENT TO ALL BOARD MEMBERS ALONG WITH AN EMAIL CALLING THEIR ATTENTION TO PORTIONS OF THE FORMS MOST LIKELY TO BE READ BY THE PUBLIC AND FUNDERS ON GUIDESTAR. COMMENTS AND CORRECTIONS ARE STRONGLY ENCOURAGED. IN ADDITION, THE EXECUTIVE DIRECTOR AND ASSOCIATE DIRECTOR DISCUSS THE ENTIRE DRAFT FORM WITH THE PREPARER IN DETAIL IN ADVANCE OF FILING. FORM 990, PAGE 6, PART VI, LINE 12C IN ADDITION TO REQUIRING BOARD MEMBERS, STAFF AND REGULAR CONTRACTORS TO PROACTIVELY NOTIFY THE FULL BOARD OF ANY CONFLICTS, ANNUALLY ALL BOARD MEMBERS, STAFF, AND REGULAR CONTRACTORS MUST SIGN A FORM WHICH A)AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE POLICY; B)READ AND UNDERSTOOD IT; C) AGREED TO COMPLY WITH THE POLICY; D) UNDERSTOOD THAT TREC IS A CHARITABLE ORGANIZATION AND MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES; AND E) LIST ALL RELATIONSHIPS WITH TREC VENDORS, SERVICE RECIPIENTS, FUNDERS, EMPLOYEES AND CONTRACTORS. ALL POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD OF DIRECTORS WITHOUT THE PRESENCE OF THE INTERESTED PARTY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S ANNUAL SALARY, WITH NO PARTICIPATION BY THE EXECUTIVE DIRECTOR OR OTHER INTERESTED PERSONS. THE EXECUTIVE DIRECTOR'S SALARY IS ESTABLISHED USING COMPARABLE DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR NONPROFITS; CONSIDERATION OF ROLES AND RESPONSIBILITIES OF THE EXECUTIVE DIRECTOR; AND COST OF LIVING DATA. COMPARABLE MARKET DATA IS OBTAINED FROM SALARY SURVEYS AND FORM 990S FILED BY COMPARABLE NOT-FOR-PROFIT ORGANIZATIONS. DISCUSSIONS AND DECISIONS REGARDING THE COMPENSATION ARE DOCUMENTED IN EXECUTIVE COMMITTEE MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B A LINE ITEM BUDGET IS APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD APPROVES THE OVERALL SALARIES AND BENEFITS EXPENSES. DISCUSSIONS AND DECISIONS REGARDING THE BUDGET ARE DOCUMENTED IN BOARD MEETING MINUTES. THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES THE SALARIES OF OTHER OFFICERS OR KEY EMPLOYEES, WITH NO PARTICIPATION BY THE INTERESTED PERSONS,IN ACCORDANCE WITH THE ANNUAL BUDGET APPROVED BY THE BOARD. THE EXECUTIVE DIRECTOR ESTABLISHES SALARIES USING COMPARABLE DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR NONPROFITS; CONSIDERATION OF ROLES AND RESPONSIBILITIES OF THE OFFICER OR KEY EMPLOYEE; AND COST OF LIVING DATA. COMPARABLE MARKET DATA IS OBTAINED FROM SALARY SURVEYS AND FORM 990S FILED BY COMPARABLE NOT-FOR-PROFIT ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 WE CONSIDER REQUESTS ON A CASE-BY-CASE BASIS. FORM 990, PART X THE ORGANIZATION HAS ADOPTED THE PRINCIPLES OF FASB ASU NO. 2016-1 (ASC 958) FOR ITS AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31, 2018. TO DATE, FORM 990 AND ITS ASSOCIATED SCHEDULES HAVE NOT BEEN UPDATED TO REFLECT CHANGES MADE BY THIS STANDARD. THUS, WE HAVE INCLUDED THE NET ASSET CATEGORIES IN OUR AUDITED FINANCIAL STATEMENTS ON EXISTING FORM 990, PART X, LINES 27-29 AS FOLLOWS: NET ASSETS WITHOUT DONOR RESTRICTIONS 835,032 NET ASSETS WITH DONOR RESTRICTIONS 70,000 --------- TOTAL NET ASSETS 905,032 ========= UNRESTRICTED NET ASSETS 835,032 TEMPORARILY RESTRICTED NET ASSETS 70,000 --------- TOTAL NET ASSETS 905,032 =========