2018-08-15T15:32:56-05:00 2017-09-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2016-10-01 953967876 SCREEN ACTORS GUILD-AMERICAN FEDERATION OF TELEVISION AND RADIO ARTISTS FOUND SCRE 3235496708 5757 WILSHIRE BOULEVARD PH1 LOS ANGELES CA 90036 CYD WILSON EXECUTIVE DIRECTOR 3235496708 2018-08-15 1 LIOR TEMKIN P00748170 3104773924 2018-08-15 2016 2022-09-23 18:48:47Z JOBETH WILLIAMS 5757 WILSHIRE BOULEVARD PH1 LOS ANGELES CA 90036 20661324 0 X WWW.SAGAFTRA.FOUNDATION X 1985 CA THE SAG-AFTRA FOUNDATION PROVIDES VITAL ASSISTANCE AND EDUCATIONAL PROGRAMMING TO THE PROFESSIONALS OF SAG-AFTRA WHILE SERVING THE PUBLIC AT LARGE THROUGH ITS SIGNATURE CHILDREN'S LITERACY PROGRAMS. THE FOUNDATION ENVISIONS A WORLD WHERE ALL ARTISTS CAN REALIZE THEIR DREAMS, AND CHILDREN ARE EMPOWERED TO CREATE THEIR OWN. 23 21 95 773 86237 -67751 5120652 4895634 39989 86362 637152 868233 -87040 -36576 5710753 5813653 1099607 1192591 0 0 3027355 2704069 0 20000 657885 2439138 3413736 6566100 7330396 -855347 -1516743 30786863 29200239 1631072 1289152 29155791 27911087 X THE SAG-AFTRA FOUNDATION PROVIDES VITAL ASSISTANCE AND EDUCATIONAL PROGRAMMING TO THE PROFESSIONALS OF SAG-AFTRA WHILE SERVING THE PUBLIC AT LARGE THROUGH ITS SIGNATURE CHILDREN'S LITERACY PROGRAMS. 0 0 2157313 117376 86362 PERFORMER PROGRAMS: FROM AUDITION TECHNIQUE TO VOICEOVER INSTRUCTION, CAREER TALKS WITH LEGENDARY ACTORS TO PANELS WITH LEADING DIRECTORS, THE FOUNDATION'S PERFORMERS PROGRAMS FOCUS ON THE NUTS AND BOLTS OF BOTH CRAFT AND CAREER IN ORDER TO BETTER PREPARE A ROBUST TALENT POOL FOR SUCCESS IN AN EVER-CHANGING ENTERTAINMENT AND MEDIA LANDSCAPE. THE FOUNDATION'S PERFORMERS' PROGRAMS ENCOURAGE PERFORMING ARTISTS TO TAKE CHARGE OF THEIR CAREERS, HONE THEIR CRAFT AND LEARN NEW SKILLS, AND DEVELOP A HABIT OF LIFELONG LEARNING AND SELF-FOCUSED PROFESSIONAL DEVELOPMENT. THE FOUNDATION LIVE STREAMS AND/OR RECORDS MOST PANELS AND Q&AS AND POSTS THEM TO ITS VIDEO GALLERY.SEE CONTINUATION ON SCHEDULE OTHE BUSINESS - PROVIDES PANEL DISCUSSIONS, SMALL GROUP SESSIONS AND SCREENINGS TO SHOW MULTIPLE VIEWPOINTS FROM DIRECTORS, PRODUCERS, WRITERS, AGENTS, MANAGERS, CASTING DIRECTORS AND INDUSTRY EXPERTS ON A WIDE RANGE OF TOPICS SUCH AS MARKETING AND AUDITION TECHNIQUE, TAXES AND FINANCIAL PLANNING, AUDIOBOOK NARRATION, INDEPENDENT FILM PRODUCING, AND NEW MEDIA.# OF PROGRAMS: 222SAG-AFTRA MEMBERS ATTENDANCE: 7,543NON SAG-AFTRA MEMBERS ATTENDANCE: 2,085CUMULATIVE VIEWS FOR OCTOBER 1, 2016 - SEPT. 30, 2017: 49,513TOTAL LIFETIME VIEWS: 550,001CONVERSATIONS - PROVIDE SCREENINGS AND INSPIRING Q&A SESSIONS WITH LEADING ACTORS AND CASTS, AS WELL AS CAREER RETROSPECTIVES WITH PREEMINENT ACTORS WHO EXPLORE THE PROCESS AND PROFESSION WITH AN AUDIENCE OF FELLOW ARTISTS.# OF PROGRAMS: 245SAG-AFTRA MEMBERS ATTENDANCE: 20,521NON SAG-AFTRA MEMBERS ATTENDANCE: 8,960CUMULATIVE VIEWS FOR OCTOBER 1, 2016 - SEPT. 30 2017: 797,906TOTAL LIFETIME VIEWS: 6,954,536CASTING ACCESS - PROVIDES FREE AUDITION PREPARATION CLASSES WITH PROMINENT CASTING PROFESSIONALS. CASTING DIRECTORS AND ASSOCIATES FROM THE CASTING SOCIETY OF AMERICA (CSA) AND REPRESENTATIVES FROM THE INDEPENDENT CASTING COMMUNITY LEAD CASTING ACCESS CLASSES, OFFERING ACTORS A WIDE RANGE OF EDUCATIONAL AND PROFESSIONAL INSIGHTS, FROM APPROACHING THE TEXT TO THE AUDITIONING PROCESS TO CASTING ETIQUETTE# OF PROGRAMS: 346SAG-AFTRA MEMBERS ATTENDANCE: 6,274COMPUTER LAB - PROVIDES SAG-AFTRA MEMBERS ACCESS TO CUTTING EDGE TECHNOLOGY AND INDUSTRY-LEVEL SOFTWARE IN A SUPPORTIVE AND COLLABORATIVE ENVIRONMENT. SAG-AFTRA MEMBERS ARE ABLE TO USE PROFESSIONAL COMPUTERS AND SOFTWARE TO CREATE AND ENHANCE THEIR REELS, HEADSHOTS, AND WEBSITES. LA COMPUTER LAB - 37 CLASSES - 199 ATTENDEESNY COMPUTER LAB - 192 CLASSES - 1,216 ATTENDEESVOICE OVER LAB - PROVIDES MEMBERS WITH ACCESS TO STATE-OF-THE ART RECORDING FACILITIES, TECHNOLOGICAL SUPPORT AND EDUCATIONAL PROGRAMMING, ALL SPECIFICALLY AIMED AT ENHANCING THEIR KNOWLEDGE OF THE CRAFT AND PREPARING THEM FOR CAREERS IN VOICEOVER. THE BROAD SCOPE OF THE VO LAB PROGRAMMING INCLUDES THE SUBJECTS OF NARRATION, PROMOS, ANIMATION, COMMERCIALS, VOCAL HEALTH, AND BUSINESS ELEMENTS UNIQUE TO VOICEOVER. PARTICIPATING MEMBERS HAVE THE OPPORTUNITY TO LEARN FROM INDUSTRY PROFESSIONALS THROUGH Q&A'S AND TRAIN WITH THOSE PROFESSIONALS IN SMALL INTERACTIVE GROUP CLASSES WHERE THEY RECEIVE CONSTRUCTIVE FEEDBACK, COACHING AND DIRECTION AS WELL AS ADVICE ON CAREER DEVELOPMENT STRATEGIES. NUMBER OF NY VO LAB ORIENTATIONS/WORKSHOPS: 118SAG-AFTRA MEMBERS ATTENDANCE: 2,955BOOTH HOURS ATTENDED 1,817NUMBER OF LA VO LAB ORIENTATIONS/WORKSHOPS: 156SAG-AFTRA MEMBERS ATTENDANCE: 4,908BOOTH HOURS ATTENDED 2,958ON CAMERA (NY ONLY) - TO PROVIDE EDUCATIONAL PROGRAMMING, TRAINING AND TECHNICAL SUPPORT FOR UNION PERFORMERS TO GAIN VALUABLE EXPERIENCE IN FRONT OF A CAMERA. 4,130 SESSIONS BOOKED. 1287165 1075215 ASSISTANCE PROGRAMS: THROUGH ITS ASSISTANCE PROGRAMS THE FOUNDATION SAFEGUARDS THE HEALTH AND WELL-BEING OF PERFORMING ARTISTS AND PROVIDES LIFESAVING EMERGENCY HEALTH AND FINANCIAL ASSISTANCE FOR ARTISTS IN TIMES OF NEED AND CRISIS:EMERGENCY ASSISTANCE - DURING TIMES OF CRISIS, THE SAG-AFTRA FOUNDATION EMERGENCY ASSISTANCE PROGRAM PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO ELIGIBLE SAG-AFTRA MEMBERS AND THEIR FAMILIES FOR BASIC EXPENSES, INCLUDING BUT NOT LIMITED TO RENT, MORTGAGE PAYMENTS, UTILITIES, HEALTH INSURANCE PREMIUMS, CAR PAYMENTS AND CAR INSURANCE. IN 2016/17 THE SAG-AFTRA EMERGENCY ASSISTANCE PROGRAM HELPED 345 MEMBERS IN NEED.SEE CONTINUATION ON SCHEDULE OCOBRA ASSISTANCE - THE SAG-AFTRA FOUNDATION COBRA ASSISTANCE PROGRAM PROVIDES SHORT-TERM FINANCIAL GRANTS TO ELIGIBLE SAG-AFTRA MEMBERS AND THEIR FAMILIES WHO HAVE LOST THEIR EARNED ELIGIBILITY THROUGH SAG-AFTRA YET WISH TO CONTINUE THEIR HEALTH INSURANCE COVERAGE THROUGH THE 18-MONTH COBRA (CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT) ASSISTANCE PROGRAM. DURING FY 16/17, $30,672 WAS GRANTED IN COBRA ASSISTANCE.CATASTROPHIC HEALTH FUND - PROVIDES INSURANCE PREMIUM PAYMENT GRANTS TO ELIGIBLE SAG-AFTRA MEMBERS AND THEIR DEPENDENTS WHO SUFFER FROM CATASTROPHIC ILLNESS OR INJURY AND HAVE QUALIFIED THROUGH SAG-AFTRA PENSION AND HEALTH FOR THIS PROGRAM. $92,467 WAS GRANTED IN FY16/17.THE SCHOLARSHIP PROGRAMS - PROVIDE OPPORTUNITIES FOR SAG-AFTRA MEMBERS AND THEIR DEPENDENTS FOR STUDY AT ACCREDITED INSTITUTIONS OF HIGHER EDUCATION; OR PURSUE RELATED PROFESSIONS WITHIN THE ENTERTAINMENT INDUSTRY, OR CHANGE THEIR CAREER PATHS.- THE JOHN L. DALES STANDARD SCHOLARSHIP IS AWARDED TO ELIGIBLE SAG-AFTRA MEMBERS AND THEIR DEPENDENTS FOR STUDY AT ACCREDITED INSTITUTIONS OF HIGHER EDUCATION; THE JOHN L. DALES TRANSITIONAL SCHOLARSHIP IS AWARDED TO ELIGIBLE SAG-AFTRA MEMBERS TO PURSUE RELATED PROFESSIONS WITHIN THE ENTERTAINMENT INDUSTRY OR CHANGE THEIR CAREER PATHS. TOTAL GRANTS AWARDED: 106- THE GEORGE HELLER MEMORIAL SCHOLARSHIP IS AWARDED TO ELIGIBLE SAG-AFTRA MEMBERS AND THEIR DEPENDENTS FOR STUDY AT ACCREDITED INSTITUTIONS OF HIGHER EDUCATION. TOTAL GRANTS AWARDED: 13-KEN ORSATTI SCHOLARSHIP FUND: PROVIDES ONE SCHOLARSHIP ANNUALLY FOR $5,000 TO A SAG-AFTRA EMPLOYEE WHO IS PURSUING A COLLEGE OR GRADUATE DEGREE. 643717 LITERACY PROGRAM: PROMOTES READING AND LITERACY SKILL DEVELOPMENT IN CHILDREN. INITIATIVES INCLUDE: STORYLINE ONLINE, A FREE WEBSITE, HOSTS A VIDEO LIBRARY OF CHILDREN'S LITERATURE AS A RESOURCE FOR PARENTS AND EDUCATORS ALIKE. IT IS DEDICATED TO INCREASING LITERACY IN CHILDREN PRIMARILY K-5TH GRADE. THE PROGRAM FEATURES ITS OWN UNIQUE CAST OF CELEBRATED ACTORS READING CHILDREN'S LITERATURE, ALONGSIDE CREATIVELY PRODUCED ILLUSTRATIONS. EACH VIDEO IS ACCOMPANIED BY AN ACTIVITY GUIDE ALIGNED WITH COMMON CORE STANDARDS THAT INCLUDES A BOOK SUMMARY, DISCUSSION POINTS, HANDS ON ACTIVITIES AND A LIST OF RELATED BOOKS AND ONLINE RESOURCES FOR PARENTSSEE CONTINUATION ON SCHEDULE OAND TEACHERS TO FOLLOW. THESE ADDITIONAL MATERIALS REINFORCE COMPREHENSION AND ENCOURAGE STUDENTS TO THINK MORE DEEPLY ABOUT TOPICS PRESENTED IN THE STORY. DURING 2016/17 STORYLINE ONLINE GARNERED 55,233,110 UNIQUE VIDEO VIEWS WITH A LIBRARY OF 38 BOOKS.BOOKPALS, PROVIDES SAG-AFTRA MEMBERS THE OPPORTUNITY TO GIVE BACK TO THEIR LOCAL COMMUNITIES BY READING TO CHILDREN IN TITLE I PUBLIC SCHOOL CLASSROOMS ACROSS THE NATION. 4 BRANCHES, 144 SCHOOLS, 4,916 HOURS LOGGED IN THE ACADEMIC YEAR 2016/17. 1040767 OTHER PROGRAMS: WITH VOICEOVER LABS AND COMPUTER LABS IN LOS ANGELES AND NEW YORK AND AN INTIMATE DIGITAL SCREENING ROOM IN LOS ANGELES, SAG-AFTRA FOUNDATION FACILITIES PROVIDE FREE EDUCATIONAL PROGRAMMING TO UNION PERFORMERS AND ARE AVAILABLE FOR RENTAL. 1040767 5128962 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 72 0 1 95 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 21 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK CA CO CT GA HI IL KS KY MD MA MI MN MS NV NH NJ NM NY NC ND OH OR PA RI SC TN UT VA WA WV WI X X X CYD WILSON 3235496884 5757 WILSHIRE BLVD PH1 LOS ANGELES CA 90036 X GABRIELLE CARTERIS DIRECTOR 0.50 X 0 0 0 EUGENE FRANCIS EMERITUS 0.50 X 0 0 0 JASON GEORGE DIRECTOR 0.50 X 0 0 0 DULE HILL DIRECTOR 0.50 X 0 0 0 BILL IMMERMAN DIRECTOR 0.50 X 0 0 0 JON JOYCE DIRECTOR 0.50 X 0 0 0 JIM KERR DIRECTOR 0.50 X 0 0 0 CLYDE KUSATSU DIRECTOR 0.50 X 0 0 0 JOHN MCGUIRE DIRECTOR 0.50 40.00 X 0 197004 58116 STACEY MOORADIAN DIRECTOR 0.50 X 0 0 0 MARCIA NASATIR DIRECTOR 0.50 X 0 0 0 PAUL PAPE DIRECTOR 0.50 X 0 0 0 RON PERLMAN DIRECTOR 0.50 X 0 0 0 NANCY SELLERS DIRECTOR 0.50 X 0 0 0 JACK SPEER DIRECTOR 0.50 X 0 0 0 DAVID WHITE DIRECTOR 0.50 40.00 X 0 649565 191621 EILEEN WILLENBORG DIRECTOR 0.50 X 0 0 0 REBECCA DAMON FOURTH VICE PRESIDENT 1.00 X X 0 0 0 MAUREEN DONNELLY TREASURER 1.00 X X 0 0 0 ABBY DYLAN SECRETARY 1.00 X X 0 0 0 DAVE HUTTON SECOND VICE PRESIDENT 1.00 X X 0 0 0 SHARON LAWRENCE THIRD VICE PRESIDENT 1.00 X X 0 0 0 PAMELA REED FIRST VICE PRESIDENT 1.00 X X 0 0 0 JOBETH WILLIAMS PRESIDENT 1.00 X X 0 0 0 CYD WILSON EXECUTIVE DIRECTOR 40.00 X 230479 0 46144 ELIZABETH JANE SPAULDING NEW YORK DIRECTOR (UNTIL 12/2016) 40.00 X 129953 0 0 360432 846569 295881 2 0 1 0 REIDY CONTRACTING GROUP 120 WEST 31ST STREET 7TH FLOOR NEW YORK NY 10001 CONSTRUCTION 3654297 ROGERS PARTNERS 100 READE STREET NEW YORK NY 10013 CONSULTING 102150 2 647789 4247845 4895634 RENTAL - ACTORS CENTER 713990 86237 86237 RENTAL - VOICE OVER LAB 713990 125 125 86362 318187 318187 15218683 14668637 550046 550046 550046 142458 647789 179034 -36576 -36576 5813653 125 86237 831657 117376 117376 1075215 1075215 241684 117142 76205 48337 1840351 1443169 212949 184233 245167 194403 26253 24511 188088 148557 20537 18994 188779 143584 25276 19919 139371 139371 142128 36320 105808 20000 20000 98008 98008 90128 59491 30637 265148 11244 253904 70570 26244 43853 473 686887 597287 40252 49348 106841 60949 43832 2060 575689 533098 42591 63672 27081 32725 3866 BAD DEBT 509393 509393 PRODUCTION COSTS 265121 250121 15000 SECURITY & PARKING 94476 81764 5971 6741 WEBSITE & STREAMING 70602 64546 2939 3117 235702 152615 75705 7382 7330396 5128962 1543549 657885 3078911 968075 1367021 1199570 115403 293208 8823957 2502079 6720368 6321878 19399393 20297389 105767 120119 30786863 29200239 802317 400596 828755 888556 1631072 1289152 X 26997312 26756363 2133479 1129724 25000 25000 29155791 27911087 30786863 29200239 -1516743 272038 0 X 0 1 X 1 0 X 4824588 6748823 7781004 5120652 4859058 29334125 4824588 6748823 7781004 5120652 4859058 29334125 5354164 23979961 835637 684841 875148 657145 318187 3370958 32705083 193398 0.73320 0.70580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12868145 112652 416634 1075215 41212 12281004 13240775 1489689 532930 1069107 1326142 12868145 11697661 3727660 -227367 1079318 825392 52469 13240775 11494870 2592155 382322 1097663 1674023 11697661 11353427 1536407 442038 1291370 545632 11494870 0.90600 0.00200 0.09200 0 0 6938866 1499870 5438996 1616865 875297 741568 268226 126912 141314 6321878 DEFERRED RENT 888556 888556 X 6008761 272038 21078 293116 5715645 98008 98008 5813653 7253465 21078 21078 7232387 98008 98008 7330395 PART V, LINE 4: FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS AND GRANTS OR PROGRAM SERVICES IN FUTURE YEARS PART X, LINE 2: FASB ASC NO. 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC 740") CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ACCORDANCE, WITH ASC 740, THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 2017, THE FOUNDATION HAD NO UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. AS OF SEPTEMBER 30, 2017, THE OPEN TAX YEARS FOR THE FOUNDATION WERE 2014 TO 2017. X X X X X X 1 WEINSTEIN CARNEGIE 207 FRONT ST 3RD FLOOR NEW YORK NY 10038 SPONSORSHIP FOR EVENTS & PROGRAMS 0 20000 20000 0 20000 20000 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SAG AWARDS 612037 612037 11607 512 24457 LA GOLF 178210 35752 142458 11818 56615 1579 72446 790247 647789 142458 23425 56615 2091 96903 179034 -36576 1 MOTION PICTURES & TELEVISION FUND 23388 MULHOLLAND DRIVE WOODLAND HILLS CA 91364 951652916 501(C)3 50000 0 OPERATIONAL SUPPORT AMERICAN MUSEUM OF MOVING IMAGE 36-01 35TH AVE ASTORIA NY 11106 112730714 501(C)3 50000 0 OPERATIONAL SUPPORT ACTORS FUND OF AMERICA 5757 WILSHIRE BLVD SUITE 400 LOS ANGELES CA 90036 131635251 501(C)3 12376 0 OPERATIONAL SUPPORT LULA WASHINGTON DANCE THEATRE 3773 CRENSHAW BLVD LOS ANGELES CA 90016 953618350 501(C)3 5000 0 OPERATIONAL SUPPORT 4 0 EMERGENCY ASSISTANCE 345 494787 0 JOHN DALES SCHOLARSHIPS 119 400140 0 HEALTH ASSISTANCE GRANTS 44 138781 0 SAG-AFTRA STAFF ASSISTANCE GRANTS 15 36507 0 KEN ORSATTI SCHOLARSHIP 1 5000 0 PART I, LINE 2: ALL DISBURSEMENTS FOR ASSISTANCE TO INDIVIDUALS THROUGH THE EMERGENCY ASSISTANCE, STAFF ASSISTANCE OR HEALTH PROGRAMS ARE MADE DIRECTLY TO THE SERVICE PROVIDER, NOT TO THE INDIVIDUAL. SCHOLARSHIP DISTRIBUTIONS REQUIRE PROOF OF STUDENT STATUS. X 1 1 X X 0 0 0 0 0 0 0 0 0 JOHN MCGUIRE DIRECTOR 0 185416 0 4156 0 7432 0 23522 0 34594 0 255120 0 0 DAVID WHITE DIRECTOR 0 598361 0 20859 0 30345 0 77558 0 114063 0 841186 0 0 CYD WILSON EXECUTIVE DIRECTOR 230479 0 0 0 0 0 27519 0 18625 0 276623 0 0 0 PART I, LINE 1B THE ORGANIZATION'S WRITTEN POLICY PROVIDES FOR REIMBURSEMENT OF EXPENSES FOR A HOME HEALTH CARE WORKER IF THE BOARD MEMBER IS A PRIMARY CARE-GIVER AND IS REQUIRED TO TRAVEL FOR FOUNDATION BUSINESS. FORM 990, PART VI, SECTION A, LINE 5 THE FOUNDATION WAS THE SOLE CHARTABLE BENEFICIARY OF AN IRREVOCABLE CHARITABLE REMAINDER TRUST ("CRT") WHICH WAS ESTABLISHED IN 2005. THE TRUSTEE OF THE CRT (THE "TRUSTEE") HAD SERVED AS A FINANCIAL ADVISOR TO THE FOUNDATION FOR MANY YEARS AND THE FOUNDATION RELIED UPON THE TRUSTEE'S COUNSEL IN ITS INTERACTIONS WITH THE CRT. THE TRUSTEE ADVISED THE FOUNDATION THAT THE CRT WAS FUNDED WITH CASH FROM THE SALE OF A PROPERTY FORMERLY OWNED BY THE CRT'S LEAD BENEFICIARY (THE "PROPERTY") AND A PROMISSORY NOTE FOR $200,000 SECURED BY THE PROPERTY (THE "CRT NOTE"). THE TRUSTEE ADVISED THE FOUNDATION THAT THE PROPERTY CONTINUED TO BE OWNED BY AN ENTITY CONTROLLED BY THE LEAD BENEFICIARY. THE CRT REQUIRED THAT ANNUAL DISTRIBUTIONS EQUAL TO 6.7% OF THE INITIAL VALUE OF THE CRT'S ASSETS BE MADE TO THE LEAD BENEFICIARY AND, UPON HER DEATH, THAT ANY REMAINING ASSETS BE DISTRIBUTED TO THE FOUNDATION. DURING THE YEAR ENDED SEPTEMBER 30, 2015, THE TRUSTEE ADVISED THE FOUNDATION THAT THE PROPERTY NEEDED A SHORT-TERM INFUSION OF CASH IN ORDER TO BE MAINTAINED AS SECURITY FOR THE CRT NOTE. THE CRT WAS CASH POOR AT THAT POINT IN TIME. UPON THE TRUSTEE'S RECOMMENDATION, THE FOUNDATION LOANED $455,619 TO THE CRT. IN TURN, THE CRT LOANED THE FUNDS TO THE ENTITY WHICH OWNED THE PROPERTY WHICH APPLIED THE FUNDS TO THE MAINTENANCE OF THE PROPERTY. IN DECEMBER OF 2015, THE CRT REPAID THE BALANCE OF THIS LOAN TO THE FOUNDATION. IN OCTOBER OF 2016, THE TRUSTEE ADVISED THE FOUNDATION THAT THE LEAD BENEFICIARY WAS GRAVELY ILL AND THAT THE CRT LACKED SUFFICIENT LIQUIDITY TO MAKE ITS REQUIRED ANNUAL ASSET DISTRIBUTION TO HER. BASED ON THIS REPRESENTATION, AND IN ORDER TO PRESERVE ITS RIGHT TO RECEIVE THE BALANCE OF THE CRT ASSETS UPON THE LEAD BENEFICIARY'S DEATH, THE FOUNDATION PURCHASED THE CRT NOTE FROM THE CRT FOR ITS THEN AGGREGATE VALUE OF $487,093 (REPRESENTING THE PRINCIPAL OF $200,000 AND $287,093 IN ACCUMULATED INTEREST). THE CRT NOTE HAD A MATURITY DATE OF OCTOBER 1, 2017, CARRIED INTEREST AT 8.75% AND WAS UNDERSTOOD TO BE SECURED AGAINST THE PROPERTY. ON JANUARY 31, 2017 THE LEAD BENEFICIARY DIED, AND THE FOUNDATION INITIATED THE PROCESS TO RECOVER THE DISTRIBUTION OF THE REMAINING ASSETS OF THE CRT. ON MAY 1, 2017, THE TRUSTEE DIED. SHORTLY THEREAFTER, THE FOUNDATION LEARNED THAT THE TRUSTEE HAD MISLED IT WITH RESPECT TO THE OPERATIONS AND ASSETS OF THE CRT AND THE OWNERSHIP AND ADMINISTRATION OF THE PROPERTY FOR MANY YEARS. UPON A REVIEW OF THE TRUSTEE'S RECORDS, THE FOUNDATION DISCOVERED THAT THE CRT HELD NO ASSETS AT THE TIME OF THE DEATH OF THE TRUSTEE BECAUSE FUNDS HAD BEEN DIVERTED FROM THE CRT TO THE TRUSTEE IN HIS INDIVIDUAL CAPACITY. IN ADDITION, THE PROPERTY WAS SUBJECT TO COMPETING LIENS WHICH REDUCED THE VALUE OF THE FOUNDATION'S SECURITY INTEREST. EVEN THOUGH THE FOUNDATION HAD NOTIFIED ITS AUDITORS AND OTHER ADVISORS OF ITS TRANSACTIONS WITH THE CRT OVER THE YEARS, THE TRUSTEE'S PREMEDITATED COVER-UP OF HIS ACTIONS TO DIVERT MONIES FROM THE CRT AND THE FOUNDATION HAD PREVENTED DISCOVERY OF THE FOUNDATION'S LOSS UNTIL AFTER HIS DEATH. FOR THE YEAR ENDED SEPTEMBER 30, 2017, THE FOUNDATION BOOKED A "BAD DEBT PROVISION" AGAINST THE CRT NOTE. THIS PROVISION IS INCLUDED WITHIN BAD DEBT EXPENSE OF $509,393 IN THE STATEMENT OF FUNCTIONAL EXPENSES. HOWEVER, THE FOUNDATION HAS AGGRESSIVELY PURSUED RECOVERY OF THE $487,093 OWED TO IT UNDER THE CRT NOTE THROUGH VARIOUS LEGAL AVENUES. THE PROPERTY WAS SOLD IN 2018 AND THE FOUNDATION RECOVERED APPROXIMATELY $214,000 FROM THE NET PROCEEDS OF SUCH SALE. THE FOUNDATION CONTINUES TO PURSUE THREE ADDITIONAL CLAIMS WHICH MAY RESULT IN THE RECOVERY OF ADDITIONAL FUNDS. THE FOUNDATION HAS SINCE ADOPTED ADDITIONAL DUE DILIGENCE SAFEGUARD MEASURES TO PREVENT A SIMILAR OCCURRENCE IN THE FUTURE. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE FORM 990 BEFORE FILING. ALL MEMBERS OF THE BOARD RECEIVE A COPY OF THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ISSUE IS DISCUSSED AT THE ANNUAL MEETING OF THE FOUNDATION BOARD. A REQUEST IS MADE THAT BOARD MEMBERS PROVIDE INFORMATION ON ANY INVOLVEMENTS WITH OTHER NON-PROFITS OR FOR-PROFIT ORGANIZATIONS THAT WOULD GIVE RISE TO A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE. COMPARISONS ARE MADE TO AMOUNTS PAID BY COMPARABLE NON-PROFITS. THE EXECUTIVE DIRECTOR REVIEWS OTHER EMPLOYEES' SALARIES. COMPENSATION AMOUNTS ARE COMPARED TO THOSE OF COMPARABLE NON-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND THE ORGANIZATION'S FORM 990 CAN BE FOUND ON WWW.GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE IN THE ORGANIZATION'S OFFICE DURING BUSINESS HOURS AND BY APPOINTMENT. FORM 990, PART VII: COMPENSTION EXPLANATION JOHN MCGUIRE IS AN EMPLOYEE OF SAG-AFTRA, A RELATED ORGANIZATION. DAVID WHITE IS AN EMPLOYEE OF SAG-AFTRA, A RELATED ORGANIZATION. SAG-AFTRA 5757 WILSHIRE BLVD 7TH FLOOR LOS ANGELES CA 90036 454931719 ACTORS UNION CA 501(C)(5) N/A N/A 0 CRT (1) 5757 WILSHIRE BOULEVARD PH1 LOS ANGELES CA 90036 TRUST CA N/A T 1.00000 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 SAG-AFTRA K 179370 ACTUAL COST SAG-AFTRA P 111398 ACTUAL COST SAG-AFTRA C 436127 ACTUAL COST