2018-10-11T12:52:24-05:00 2017-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2017-01-01 840399006 THE ASPEN INSTITUTE INC ASPE 2027365800 2300 N STREET NW NO 700 WASHINGTON DC 20037 NAMITA KHASAT EVP FIN.& ADMIN./CFO/TREASURER 2027365800 2018-10-11 1 FRANK H SMITH P00639053 2028225000 2018-10-11 207.238.152.31 2018-10-11 13:52:17 ED P 1A0AE8A7BB8C6D2397DB88F111DB3F763BC2E0F7 1A0AE8A7BB8C6D2397DB88F111DB3F763BC2E0F7 2017 2018-06-14 16:35:46Z WALTER ISAACSON 2300 N STREET NW NO 700 WASHINGTON DC 20037 263406004 0 X WWW.ASPENINSTITUTE.ORG X 1949 CO VALUES-BASED LEADERSHIP IN NEUTRAL AND BALANCED VENUE FOR DISCUSSING CRITICAL ISSUES. 81 80 603 80 10069076 -645974 85321334 92261254 34507947 36392294 170927 341904 298491 333734 120298699 129329186 10839838 17059260 0 0 44827706 52723258 0 0 3850165 58786482 67213316 114454026 136995834 5844673 -7666648 296191659 333208129 23279508 44332679 272912151 288875450 X THE INSTITUTE'S MISSION IS TO FOSTER LEADERSHIP BASED ON ENDURING VALUES AND TO PROVIDE A NONPARTISAN VENUE FOR DEALING WITH CRITICAL ISSUES THROUGH: (SEE SCHEDULE O)1. IDEAS - SPARK INTELLECTUAL INQUIRY AND EXCHANGE, CONNECTING NEW CONCEPTS TO TIMELESS VALUES. 2. LEADERSHIP - CREATE A DIVERSE WORLDWIDE COMMUNITY OF LEADERS COMMITTED TO THE GREATER GOOD.3. ACTION - PROVIDE A NONPARTISAN FORUM FOR REACHING SOLUTIONS ON VITAL PUBLIC POLICY ISSUES. 0 0 64159168 17059260 8712200 POLICY PROGRAM: THE INSTITUTE'S 31 POLICY PROGRAMS ADVANCE PUBLIC AND PRIVATE-SECTOR KNOWLEDGE ON SIGNIFICANT POLICY ISSUES CONFRONTING CONTEMPORARY SOCIETY. THEY CONVENE LEADERS AND EXPERTS TO SEEK CONSTRUCTIVE SOLUTIONS TO CRITICAL PROBLEMS. WHILE EACH PROGRAM IS UNIQUE IN SUBSTANCE AND APPROACH THEY ALL SHARE A COMMITMENT TO ADVANCING BETTER POLICY BY BRINGING DIVERSE PERSPECTIVES TOGETHER IN PURSUIT OF INFORMED DIALOGUE AND EFFECTIVE SOLUTIONS. THESE PROGRAMS RANGE IN SIZE FROM $8 MILLION TO $100,000 IN REVENUE AND EXPENSES ANNUALLY, AND IN PROGRAMMATIC CATEGORIES SUCH AS EDUCATION, FINANCE, MICROENTERPRISE, ENVIRONMENT AND SOCIAL JUSTICE. 16877202 9836357 CAMPUS ACTIVITIES: THE INSTITUTE CARRIES OUT MUCH OF ITS WORK ON ITS TWO CAMPUSES. IN ASPEN, COLORADO AND ON THE WYE RIVER, ON MARYLAND'S EASTERN SHORE WHERE NATURAL BEAUTY AND QUIET SURROUNDINGS ENCOURAGES THOUGHTFUL REFLECTION AND REFRESHES THE MIND, BODY AND SPIRIT. 11499784 14407593 PUBLIC PROGRAMS: THE INSTITUTE'S 18 PUBLIC PROGRAMS OPEN THE INSTITUTE UP TO THE PUBLIC, OFFERING OPPORTUNITIES TO ENGAGE IN THOUGHTFUL, NONPARTISAN INQUIRY. OUR MAJOR EVENTS INCLUDE THE ASPEN IDEAS FESTIVAL, SPOTLIGHT HEALTH AND THE ASPEN SECURITY FORUM AND THE ASPEN WORDS PROGRAM. THESE AND OUR OTHER PUBLIC FORUMS ENGAGE OVER 15,000 MEMBERS OF THE GENERAL PUBLIC ANNUALLY. 8165946 1390155 ASPEN GLOBAL LEADERSHIP NETWORK 3619958 YOUTH AND ENGAGEMENT 1412946 1485466 OTHER RESTRICTED PROGRAMS 722999 560523 SEMINARS 13921849 3436144 106458003 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 610 0 1 603 1 1 1 0 0 0 0 1 1 0 0 0 0 X 81 80 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X ASPEN INSTITUTENAMITA KHASAT 2027362520 2300 N STREET NW NO 700 WASHINGTON DC 20037 JAMES SCHINE CROWN CHAIRMAN 0.30 X X 0 0 0 WILLIAM E MAYER CHAIRMAN EMERITUS 0.30 X X 0 0 0 MADELEINE K ALBRIGHT TRUSTEE 0.30 X 0 0 0 PAUL F ANDERSON TRUSTEE 0.30 X 0 0 0 DONNA BARKSDALE TRUSTEE 0.30 X 0 0 0 MERCEDES BASS TRUSTEE 0.30 X 0 0 0 MIGUEL MIKE BEZOS TRUSTEE 0.30 X 0 0 0 RICHARD BRADDOCK TRUSTEE 0.30 X 0 0 0 BETH BROOKE-MARCINIAK TRUSTEE 0.30 X 0 0 0 WILLIAM D BUDINGER TRUSTEE 0.30 X 0 0 0 WILLIAM BYNUM TRUSTEE 0.30 X 0 0 0 STEPHEN L CARTER TRUSTEE 0.30 X 0 0 0 TROY CARTER TRUSTEE 0.30 X 0 0 0 CESAR R CONDE TRUSTEE 0.30 X 0 0 0 PENNY COULTER TRUSTEE 0.30 X 0 0 0 KATIE COURIE TRUSTEE 0.30 X 0 0 0 ANDREA CUNNINGHAM TRUSTEE 0.30 X 0 0 0 KENNETH L DAVIS MD TRUSTEE 0.30 X 0 0 0 JOHN DOERR TRUSTEE 0.30 X 0 0 0 THELMA DUGGIN TRUSTEE 0.30 X 0 0 0 ARNE DUNCAN TRUSTEE 0.30 X 0 0 0 MICHAEL D EISNER TRUSTEE 0.30 X 0 0 0 L BROOKS ENTWISTLE TRUSTEE 0.30 X 0 0 0 ALAN FLETCHER TRUSTEE 0.30 X 0 0 0 HENRIETTA HOLSMAN FORE TRUSTEE 0.30 X 0 0 0 ANN B FRIEDMAN TRUSTEE 0.30 X 0 0 0 JUAN RAMON DE LA FUENTE TRUSTEE 0.30 X 0 0 0 HENRY LOUIS GATES JR TRUSTEE 0.30 X 0 0 0 MIRCEA D GEOANA TRUSTEE 0.30 X 0 0 0 ANTONIO GRACISA TRUSTEE 0.30 X 0 0 0 PATRICK W GROSS TRUSTEE 0.30 X 0 0 0 ARJUN GUPTA TRUSTEE 0.30 X 0 0 0 JANE HARMAN TRUSTEE 0.30 X 0 0 0 KAYA HENDERSON TRUSTEE 0.30 X 0 0 0 HAYNE HIPP TRUSTEE 0.30 X 0 0 0 IVAN HODAC TRUSTEE 0.30 X 0 0 0 MARK HOPLAMAZIAN TRUSTEE 0.30 X 0 0 0 GERALD D HOSIER TRUSTEE 0.30 X 0 0 0 ROBERT HURST TRUSTEE 0.30 X 0 0 0 NATALIE JARESKO TRUSTEE 0.30 X 0 0 0 SALMAN KHAN TRUSTEE 0.30 X 0 0 0 TEISUKE KITAYAMA TRUSTEE 0.30 X 0 0 0 MICHAEL KLEIN TRUSTEE 0.30 X 0 0 0 DAVID KOCH TRUSTEE 0.30 X 0 0 0 SATINDER K LAMBAH TRUSTEE 0.30 X 0 0 0 LAURA LAUDER TRUSTEE 0.30 X 0 0 0 YO-YO MA TRUSTEE 0.30 X 0 0 0 JAMES M MANYIKA TRUSTEE 0.30 X 0 0 0 WILLIAM E MAYER TRUSTEE 0.30 X 0 0 0 BONNIE PALMER MCCLOSKEY TRUSTEE 0.30 X 0 0 0 DAVID MCCORMICK TRUSTEE 0.30 X 0 0 0 ANNE WELSH MCNULTY TRUSTEE 0.30 X 0 0 0 DIANE L MORRIS TRUSTEE 0.30 X 0 0 0 KARLHEINZ MUHR TRUSTEE 0.30 X 0 0 0 CLARE MUNANA TRUSTEE 0.30 X 0 0 0 JERRY MURDOCK TRUSTEE 0.30 X 0 0 0 MARC NATHANSON TRUSTEE 0.30 X 0 0 0 WILLIAM A NITZE TRUSTEE 0.30 X 0 0 0 HER MAJESTY QUEEN NOOR TRUSTEE 0.30 X 0 0 0 JACQUELINE NOVOGRATZ TRUSTEE 0.30 X 0 0 0 OLARA A OTUNNU TRUSTEE 0.30 X 0 0 0 ELAINE PAGELS TRUSTEE 0.30 X 0 0 0 CARRIE WALTON PENNER TRUSTEE 0.30 X 0 0 0 MARGOT L PRITZKER TRUSTEE 0.30 X 0 0 0 PETER A REILING TRUSTEE 0.30 X 0 0 0 LYNDA RESNICK TRUSTEE 0.30 X 0 0 0 CONDOLEEZZA RICE TRUSTEE 0.30 X 0 0 0 JIM ROGERS TRUSTEE 0.30 X 0 0 0 RICARDO SALINAS TRUSTEE 0.30 X 0 0 0 LEWIS SANDERS TRUSTEE 0.30 X 0 0 0 ANNA DEAVERE SMITH TRUSTEE 0.30 X 0 0 0 MICHELLE SMITH TRUSTEE 0.30 X 0 0 0 JAVIER SOLANA TRUSTEE 0.30 X 0 0 0 ROBERT K STEEL TRUSTEE 0.30 X 0 0 0 SHASHI THAROOR TRUSTEE 0.30 X 0 0 0 LAURIE M TISCH TRUSTEE 0.30 X 0 0 0 GUILIO TREMONTI TRUSTEE 0.30 X 0 0 0 ECKART VON KLAEDEN TRUSTEE 0.30 X 0 0 0 RODERICK K VON LIPSEY TRUSTEE 0.30 X 0 0 0 VIN WEBER TRUSTEE 0.30 X 0 0 0 WALTER ISAACSON PRESIDENT/CEO 40.00 X X 846893 0 66686 ELLIOT GERSON EXECUTIVE VP 40.00 X 398364 0 77794 PETER REILING EXECUTIVE VP 40.00 X 394896 0 78770 NAMITA KHASAT EVP FIN. & ADMN./CFO/TREASURER 40.00 X 360643 0 43713 ERIC MOTLEY EVP: CORP SECRETARY 40.00 X 327671 0 53707 RAJIV VINNAKOTA EXECUTIVE VP 40.00 X 327486 0 65262 CHARLIE FIRESTONE EXECUTIVE DIRECTOR 40.00 X 355440 0 66749 MICKEY EDWARDS VP. PROGRAM DIRECTOR 40.00 X 336243 0 54127 DAN GLICKMAN VP, EXECUTIVE DIRECTOR 40.00 X 332052 0 44142 MARGARET CLARK VP, POLICY PROGRAMS 40.00 X 304571 0 66510 KITTY BOONE VP, PROGRAM DIRECTOR 40.00 X 299785 0 76866 4284044 0 694326 139 0 1 0 SHAW CONSTRUCTION LLC 300 KALAMATH STREET DENVER CO 80223 BUILDING RENOVATIONS 3238237 COLORADO AUDIO VISUAL INC 409 AABC ASPEN CO 81611 AUDIO VISUAL SERVICES 1237616 SITE SELECTION SERVICES 6404 RUBY WAY CARLSBAD CA 92011 SITE SELECTION & EVENT PLANNING 562529 GRAND HOTEL INTERCONTINENTAL PARIS 7-9 CHIMIN PETIT-SACONNEX GENEVA SZ HOTEL AND CONFERENCE ACTIVITIES 445848 SAFEGUARD WORLD INT'L LTD FODEN BUS CTR MOSS LN 24/25 SANDBACH UK STAFFING AND PAYROLL SERVICES 427124 24 2484855 4145649 85630750 5179205 92261254 CONTRACT REVENUE 900099 15825064 15825064 SEMINAR AND EVENT FEES 900099 10763579 10763579 CONF./FACILITY FEES 531390 9788514 9788514 BOOK SALES 900099 15137 15137 36392294 500550 -51062 551612 115996 93064 22932 22932 22932 133205959 133364605 -158646 -158646 -158646 72375 2484855 619149 -546774 -546774 OTHER INCOME 900099 434052 434052 ADVERTISING INCOME 541800 331624 331624 SUBLEASE INCOME 900099 91900 91900 857576 129329186 26603780 10069076 395076 15950813 15950813 252000 252000 856447 856447 2673411 358538 2149611 165262 39278474 29199498 8385969 1693007 3815757 3032711 574388 208658 4201417 3366715 637649 197053 2754199 2188999 414591 150609 15019357 15019357 156854 129679 27175 223675 223675 1188458 1188458 10297268 8938977 1344352 13939 123273 107696 11571 4006 6855182 2707532 3748795 398855 1526252 596909 922372 6971 3653942 2386079 1135495 132368 14363138 13054668 854925 453545 998798 998798 2518738 2441082 77656 2607 2607 2690576 2690576 338751 338751 AUDIO/VISUAL 1662155 1492884 59515 109756 PUBLICATIONS 1622113 1348259 185788 88066 LOSS ON LEASE TERM. 1615230 1615230 PARTNER REIMBURSEMENTS 1238604 1238604 1118345 791758 98517 228070 136995834 106458003 26687666 3850165 2527 2379 8511114 4944620 60571017 45288286 4185465 6153822 122374 109042 1795168 1913560 108697303 46530803 49066865 62166500 13418776 33158991 158418095 175862442 100258 3608487 296191659 333208129 8752767 16623759 4554594 6910597 5763737 6531509 4208410 14266814 23279508 44332679 X 84983013 100483643 132843761 129740987 55085377 58650820 272912151 288875450 296191659 333208129 X -7666648 20062748 3567199 X 0 1 X 1 1 1 X 68204184 68633372 111928714 85321334 92261254 426348858 68204184 68633372 111928714 85321334 92261254 426348858 41530899 384817959 334358 133656 894214 190413 759709 2312350 398612 190216 395329 489228 434052 1907437 430568645 106987608 0.89370 0.89470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2013 AMOUNT: $ 398,612. 2014 AMOUNT: $ 190,216. 2015 AMOUNT: $ 395,329. 2016 AMOUNT: $ 489,228. 2017 AMOUNT: $ 434,052. 0 1 0 0 0 0 1 1607 0 0 1607 0 PART II-B, LINE 1: COMMUNICATION WITH LEGISLATORS REGARDING PENDING LEGISLATION. X 2 263.88 2 1 0 1071130 X 0 99879276 12665941 10999814 4467828 119077203 95232540 4756855 4078477 4188596 99879276 80203349 16298057 1451696 2720562 95232540 75351962 4417778 2668734 2235125 80203349 59703811 12128542 5470942 1951333 75351962 0.27630 0.49250 0.23110 0 0 10627664 10627664 66892164 34583906 32308258 10583837 43683 10540154 5839607 4801227 1038380 14754031 7101987 7652044 62166500 INVESTMENT CONTRACT 842808 F LIMITED PARTNERSHIPS 175019634 F 175862442 CAPITAL LEASE OBLIGATIONS 57145 DEFERRED COMPENSATION 4585578 DEFERRED RENT AND LEASE INCENTIVE 9624091 14266814 X 149063539 20062748 147850 20210598 128852941 1188458 -712213 476245 129329186 136606979 147850 -60460 87390 136519589 1188458 -712213 476245 136995834 PART II, LINE 5: THE INSTITUTE CONTINUES TO COMPLY WITH TERMS OF CONTRACT GOVERNING THE CONSERVATION EASEMENT HELD, WHICH INCLUDES PROTECTION OF NATURAL HABITAT. PART II, LINE 9: THE INSTITUTE HOLDS A CONSERVATION EASEMENT ON THE BALANCE SHEET AND THE CONTRIBUTED PARCEL OF LAND WAS BOOKED AS REVENUE FOR THE YEAR IT WAS GIFTED. PART III, LINE 4: AT OUR ASPEN MEADOWS CAMPUS, ASPEN, COLORADO, WE HAVE A LARGE COLLECTION OF ART THAT IS ON DISPLAY BOTH IN GALLERIES AND PUBLIC SPACES. IT IS ENJOYED BY GUESTS WHO VISIT AND STAY AT OUR RESORT. THIS ART COLLECTION IS MADE UP OF PHOTOS FROM FRANZ BERKO, OFFICIAL PHOTOGRAPHER FOR THE INSTITUTE, AS WELL AS ART IN VARIOUS MEDIUMS BY HERBERT BAYER. BAYER WAS THE ARCHITECT FOR OUR CAMPUS, AND ALSO DESIGNED SEVERAL OF THE LAND FORMS THROUGHOUT OUR PROPERTY. ONE GALLERY ON PROPERTY IS DEDICATED SOLELY TO THE WORK OF BAYER. PART V, LINE 4: 4.5% OF A 12 QUARTER ROLLING AVERAGE OF THE FUNDS ARE USED TO FUND PROGRAMMATIC WORK OF THE INSTITUTE. PART X, LINE 2: THE INSTITUTE PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2017, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -619,149. RENTAL EXPENSES -93,064. PART XII, LINE 2D - OTHER ADJUSTMENTS: RETURN OF GRANT FUNDS -60,460. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -619,149. RENTAL EXPENSES -93,064. 1 EUROPE 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 2162344 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 446447 NORTH AMERICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 188621 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 100594 SOUTH ASIA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 100594 SOUTH AMERICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 75716 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 29319 0 0 0 0 0 0 3103635 0 3103635 EUROPE (INCLUDING ICELAND & GREENLAND) PSYCHOMETRIC SCORING FOR RURAL WOMEN'S FINANCIAL INCLUSION 193100 WIRE TRANSFER SUB-SAHARAN AFRICA SUPPORT CHAPTER OPERATIONS IN AFRICA 156518 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA STEVENS INITIATIVE CULTURAL EXCHANGE 106921 WIRE TRANSFER SUB-SAHARAN AFRICA SUPPORT CHAPTER OPERATIONS IN AFRICA 106808 WIRE TRANSFER SOUTH AMERICA CHAPTER OPERATIONS IN BRAZIL 57000 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA STEVENS INITIATIVE CULTURAL EXCHANGE 55000 WIRE TRANSFER SOUTH ASIA BUILDING CAMBODIA'S IMPACT INVENTION AND ENTREPRENEURSHIP CAPACITY 50000 WIRE TRANSFER SOUTH ASIA CHAPTER OPERATIONS SUPPORT 37000 WIRE TRANSFER NORTH AMERICA TO SUPPORT GALI GLOBAL ACCELERATOR LEARNING INITIATIVE 21600 WIRE TRANSFER SOUTH AMERICA TO FINISH THE BUILDING AND INSTALLATION OF A TRADITIONAL HOME WEAVERS EXHIBITION 20000 WIRE TRANSFER EUROPE (INCLUDING ICELAND & GREENLAND) REPLACE DRAWING CARDS OF JACQUARD LOOMS 20000 WIRE TRANSFER SOUTH ASIA EXPANDING EDUCATIONAL TOUR OPTIONS FOR LAO HANDICRAFT PRODUCTS 20000 WIRE TRANSFER 0 12 HONORARIUM EUROPE (INCLUDING ICELAND & GREENLAND) 3 2750 WIRE TRANSFER AWARDS EAST ASIA AND THE PACIFIC 1 1500 WIRE TRANSFER AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 1 1500 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: THE INSTITUTE ENGAGES OTHER ENTITIES TO FURTHER THE OBJECTIVES SET FORTH IN OUR GRANT AGREEMENTS. THIS IS TYPICALLY DONE VIA SUB-AWARDS OR RE-GRANTS THAT RUN CONCURRENTLY WITH THE PRIME AWARD IN WHICH THE SUB RECIPIENTS ARE ADVISED OF ALL APPLICABLE LAWS AND REGULATIONS, AND ALL APPROPRIATE FLOW-DOWN PROVISIONS FROM THE PRIME AGREEMENT. ALL SUB GRANTEES OR SERVICE PROVIDERS MUST ALSO CERTIFY THAT THEY DO NOT AND WILL NOT KNOWINGLY PROVIDE MATERIAL SUPPORT OR RESOURCES TO ANY INDIVIDUAL OR ENTITY INVOLVED WITH TERRORISM (INCLUDING ANY INDIVIDUALS, ENTITIES, OR GROUPS SUBJECT TO OFAC SANCTIONS) OR TO ANYONE WHO ACTS AS AN AGENT FOR SUCH AN INDIVIDUAL OR ENTITY. ANY VIOLATION OF THIS CERTIFICATION MUST BE GROUNDS FOR IMMEDIATE TERMINATION OF THE LETTER OF AGREEMENT AND RETURN OF ALL GRANT FUNDS. THE FREQUENCY AND SCOPE OF THE RESEARCH PROGRAM'S MONITORING PROCEDURES ARE DETERMINED JOINTLY BY THE RESPONSIBLE PROGRAM MANAGER AND RESPECTIVE GRANT ADMINISTRATOR/FINANCIAL ANALYST. THIS INCLUDES THE ROUTINE RECEIPT AND REVIEW OF THE NARRATIVE AND FINANCIAL REPORTS, A REVIEW OF EXPENSES TO BUDGET, THE OPTION TO PERFORM AUDITS, AND ALLOWS FOR THE PERFORMANCE OF SITE VISITS IF NECESSARY. THE INSTITUTE SHOULD BE NOTIFIED WHENEVER PROBLEMS, DELAYS OR OTHER CONDITIONS DEVELOP WHICH WOULD HAVE SIGNIFICANT IMPACT UPON THE PROJECT. BUDGET REVISIONS ARE ALLOWED WITHIN THE PARAMETERS SET FORTH IN EACH SUB AWARD. THE PAYMENT SCHEDULE AND THE DEGREE OF FLEXIBILITY OFFERED MAY DEPEND ON PREVIOUS EXPERIENCE WITH THE RECIPIENT, THE DEGREE OF EXTERNAL OVERSIGHT BY OTHER PARTIES, AND THE SOPHISTICATION OF THE RECIPIENT'S ADMINISTRATIVE SYSTEMS. PARTICIPANTS ARE EXPECTED TO COMPLY WITH ALL RELEVANT U.S. LAWS. PRIOR TO ISSUING AWARDS TO FOREIGN ENTITIES, THE PROGRAMS ARE BEING ASKED TO COMPLETE A DUE DILIGENCE CHECKLIST, WHICH INCLUDES ADDITIONAL INFORMATION ABOUT THE SUB RECIPIENT INCLUDING: ANY REASONABLY AVAILABLE HISTORICAL INFORMATION ABOUT THE GRANTEE THAT ASSURES THE INSTITUTE OF THE GRANTEE'S IDENTITY AND INTEGRITY SUCH AS THE JURISDICTION IN WHICH A GRANTEE ORGANIZATION IS INCORPORATED OR FORMED; COPIES OF INCORPORATING OR OTHER GOVERNING INSTRUMENTS; INFORMATION ON THE INDIVIDUALS WHO FORMED AND OPERATE THE ORGANIZATION; AND INFORMATION RELATING TO THE GRANTEE'S OPERATING HISTORY; THE GRANTEE OR SERVICE PROVIDER'S NAME IN ENGLISH, AND THE LANGUAGE OF ORIGIN, AND ANY ACRONYM OR OTHER NAMES USED TO IDENTIFY THE GRANTEE; THE JURISDICTIONS IN WHICH A GRANTEE OR SERVICE PROVIDER MAINTAINS A PHYSICAL PRESENCE; THE GRANTEE OR SERVICE PROVIDER'S POSTAL, EMAIL AND WEBSITE ADDRESSES AND PHONE NUMBERS FOR EACH PLACE OF BUSINESS. THE INSTITUTE ALSO CONDUCTS A REASONABLE SEARCH OF PUBLICLY AVAILABLE INFORMATION TO DETERMINE WHETHER THE GRANTEE OR SERVICE PROVIDER IS SUSPECTED OF ACTIVITY RELATING TO TERRORISM, INCLUDING TERRORIST FINANCING OR OTHER SUPPORT. PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR FOREIGN EXPENDITURES. PART III, COL (C): THIS COLUMN REPRESENTS THE ACTUAL NUMBER OF RECIPIENTS, NOT THE ESTIMATED NUMBER OF RECIPIENTS. PART II, LINE 1 THE ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR FOREIGN GRANTS TO ORGANIZATIONS. PART III THE ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR FOREIGN GRANTS TO INDIVIDUALS. ANNUAL DINNER 1605443 1586518 18925 4758 4817 304550 SUMMER CELEBRATION 641524 617774 23750 2808 7855 187061 1 310263 280563 29700 1804 3756 101740 2557230 2484855 72375 9370 16428 593351 619149 -546774 1 INDIAN RIVER STATE COLLEGE FOUNDATION INC 3209 VIRGINIA AVENUE FORT PIERCE FL 34981 591105591 501(C)(3) 630000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES THE DISTRICT BOARD OF TRUSTEES OF SANTA FE COLLEGE 3000 NW 83RD STREET GAINESVILLE FL 32606 591207627 501(C)(3) 630000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES NORTHEAST WISCONSIN TECHNICAL COLLEGE 2740 W MASON STREET PO BOX 19042 GREEN BAY WI 54307 391087141 501(C)(3) 630000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES WILLIAM RAINEY HARPER COLLEGE EDUCATIONAL FOUNDATION 1200 W ALGONQUIN ROAD PALATINE IL 60067 237348228 501(C)(3) 630000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES SAN JACINTO COMMUNITY COLLEGE DISTRICT 4624 FAIRMONT PARKWAY PASADENA TX 77504 746028285 501(C)(3) 630000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES COLUMBIA BASIN COLLEGE 2600 N 20TH AVENUE PASCO WA 99301 910824589 501(C)(3) 630000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES SINCLAIR COMMUNITY COLLEGE 444 W 3RD STREET SUITE 12212 DAYTON OH 45402 237032312 501(C)(3) 580000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES LORAIN COUNTY COMMUNITY COLLEGE 1005 N ABBE ROAD ELYRIA OH 44035 340930187 501(C)(3) 580000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES GUILFORD TECHNICAL COMMUNITY COLLEGE 601 E MAIN STREET PO BOX 309 JAMESTOWN NC 27282 560792519 501(C)(3) 580000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES DAVIDSON COUNTY COMMUNITY COLLEGE PO BOX 1287 LEXINGTON NC 27293 560792247 501(C)(3) 580000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES MIAMI DADE COLLEGE 300 NE 2ND AVENUE MIAMI FL 33132 591210485 501(C)(3) 580000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES WAKE TECHNICAL COMMUNITY COLLEGE 9101 FAYETTEVILLE ROAD RALEIGH NC 27603 560792775 501(C)(3) 580000 COLLABORATION IN 'FRONTIER-SET", NETWORK OF HIGH-PERFORMING COMMUNITY COLLEGES FAMILY VALUES AT WORK - A MULTI STATE CONSORTIUM INC 207 E BUFFALO STREET SUITE 211 MILWAUKEE WI 53202 270321696 501(C)(3) 300000 EVALUATION AND EFFORTS TO IMPROVE FMLI POLICIES THROUGH MULTI-STATE COMMUNITY OF PRACTICE CENTER FOR PUBLIC JUSTICE 312 MASSACHUSETTS AVENUE NW WASHINGTON DC 20002 510153566 501(C)(3) 300000 ASPEN FAMILY PROSPERITY FUND - FAITH BASED INITIATIVES THE URBAN INSTITUTE 2100 M STREET NW WASHINGTON DC 20037 520880375 501(C)(3) 300000 ENGAGE WITH ASPEN FAMILY PROSPERITY INNOVATION COMMUNITY LEGAL AID AT WORK 180 MONTGOMERY STREET SUITE 600 SAN FRANCISCO CA 94104 942783401 501(C)(3) 299999 ADVANCING PUBLIC POLICIES TO IMPROVE STABILITY OF FAMILIES NATIONAL PARTNERSHIP FOR WOMEN & FAMILIES INC 1875 CONNECTICUT AVENUE NW SUITE 650 WASHINGTON DC 20009 237124915 501(C)(3) 299554 POLICY EVALUATION FOR FMLI AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH 1789 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 530218495 501(C)(3) 296500 CHILD SUPPORT SYSTEM EVALUATIONS UNIVERSITY OF TEXAS AT AUSTIN OFFICE OF SPONSORED PROJECTS PO BOX 7726 AUSTIN TX 78713 470049123 501(C)(3) 224903 LEAD THE DESIGN AND IMPLEMENTATION OF ACTIVITIES OF THE MEMBERSHIP OF THE URBAN MATHEMATICS LEADERSHIP NETWORK CORPORATION FOR A SKILLED WORKFORCE 1100 VICTORS WAY SUITE 10 ANN ARBOR MI 48108 382991143 501(C)(3) 207382 COLLABORATION ON ECONOMIC OPPORTUNITES PROGRAM REIMAGINE RETAIL PROJECT THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN 724 E UNIVERSITY AVENUE ANN ARBOR MI 48109 383048086 501(C)(3) 144064 STEVENS INITIATIVE CULTURAL EXCHANGE SISTER CITIES INTERNATIONAL INC 915 15TH STREET NW 4TH FLOOR WASHINGTON DC 20005 520859021 501(C)(3) 129714 STEVENS INITIATIVE CULTURAL EXCHANGE PACIFIC COMMUNITY VENTURES INC 51 FEDERAL STREET SUITE 100 SAN FRANCISCO CA 94107 770485877 501(C)(3) 125000 COLLABORATION ON ECONOMIC OPPORTUNITES PROGRAM REIMAGINE RETAIL PROJECT ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT 11 STANWIX STREET 17TH STREET PITTSBURGH PA 15222 250965213 501(C)(3) 110500 COLLABORATION ON ECONOMIC OPPORTUNITES PROGRAM REIMAGINE RETAIL PROJECT. EQUAL MEASURE 1528 WALNUT STREET SUITE 805 PHILADELPHIA PA 19102 232694572 501(C)(3) 105314 EVALUATION WORK ON COMMUNITY SOLUTIONS CHICAGO WORKFORCE FUNDER ALLIANCE 225 N MICHIGAN AVENUE SUITE 2200 CHICAGO IL 60601 363432023 501(C)(3) 100000 COLLABORATION ON ECONOMIC OPPORTUNITES PROGRAM REIMAGINE RETAIL PROJECT PHILADELPHIA YOUTH NETWORK 400 MARKET STREET SUITE 200 PHILADELPHIA PA 19106 232993155 501(C)(3) 95700 COLLABORATION ON ECONOMIC OPPORTUNITES PROGRAM REIMAGINE RETAIL PROJECT INTERNATIONAL RESEARCH AND EXCHANGES BOARD INC 1275 K STREET NW SUITE 600 WASHINGTON DC 20005 223087809 501(C)(3) 80838 STEVENS INITIATIVE CULTURAL EXCHANGE ITHAKA HARBORS INC 2 RECTOR STREET 18TH FLOOR NEW YORK NY 10006 133857105 501(C)(3) 72400 AMERICAN TALENT INITIATIVE WEBSITE DEVELOPMENT URBAN STRATEGIES COUNCIL 1720 BROADWAY AVENUE 2ND FLOOR OAKLAND CA 94612 943044453 501(C)(3) 69000 OPORTUNITY YOUTH INCENTIVE FUND COLLABORATION THE NICHOLAS INSTITUTE AT DUKE UNIVERSITY 2111 CAMPUS DRIVE PO BOX 90335 DURHAM NC 27708 450842500 501(C)(3) 67456 PARTNER ON ASPEN DIALOGUE SERIES ON SHARING AND INTEGRATING WATER DATA FOR SUSTAINABILITY WGBH EDUCATIONAL FOUNDATION ONE GUEST STREET BOSTON MA 02135 042104397 501(C)(3) 57015 STEVENS INITIATIVE CULTURAL EXCHANGE GOODWILL OF CENTRAL AND SOUTHERN INDIANA INC 1635 W MICHIGAN STREET INDIANAPOLIS IN 46222 350893506 501(C)(3) 51000 NURSE-FAMILY PARTNERSHIP EVALUATIONS BALL STATE UNIVERSITY 2000 UNIVERSITY AVENUE MUNCIE IN 47306 356000221 501(C)(3) 39567 STEVENS INITIATIVE CULTURAL EXCHANGE JOHNS HOPKINS UNIVERSITY 3400 N CHARLES STREET BALTIMORE MD 21218 520595110 501(C)(3) 34689 STEVENS INITIATIVE CULTURAL EXCHANGE ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE AZ 85287 860196696 501(C)(3) 30049 STEVENS INITIATIVE CULTURAL EXCHANGE CENTER FOR THE FUTURE OF ARIZONA 541 E VAN BUREN SUITE B5 PHOENIX AZ 85004 820538372 501(C)(3) 25000 COLLABORATION ON ECONOMIC OPPORTUNITES PROGRAM REIMAGINE RETAIL PROJECT UNIVERSITY OF NEBRASKA-LINCOLN 401 CANFIELD ADMIN BLDG PO BOX 880439 LINCOLN NE 68588 470049123 501(C)(3) 23682 STEVENS INITIATIVE CULTURAL EXCHANGE SAN DIEGO WORKFORCE PARTNERSHIP INC 3910 UNIVERSITY AVENUE SUITE 400 SAN DIEGO CA 92105 330660504 501(C)(3) 15918 COLLABORATION ON ECONOMIC OPPORTUNITES PROGRAM REIMAGINE RETAIL PROJECT CHEYENNE RIVER YOUTH PROJECT 702 4TH STREET PO BOX 410 EAGLE BUTTE SD 57625 460423106 501(C)(3) 14000 DEVELOP A LOCAL YOUTH RECOGNITION INITIATIVE INSTITUTE OF INTERNATIONAL EDUCATION 809 UNITED NATIONS PLAZA NEW YORK NY 10017 131624046 501(C)(3) 12335 STEVENS INITIATIVE CULTURAL EXCHANGE 41 0 AWARDS 80 140000 HONORARIA 28 105000 EVENT PARTICIPATION STIPEND 19 7000 PART I, LINE 2: THE INSTITUTE ENGAGES OTHER ENTITIES TO FURTHER THE OBJECTIVES SET FORTH IN OUR GRANT AGREEMENTS. THIS IS TYPICALLY DONE VIA SUB-AWARDS OR RE-GRANTS THAT RUN CONCURRENTLY WITH THE PRIME AWARD IN WHICH THE SUB RECIPIENTS ARE ADVISED OF ALL APPLICABLE LAWS AND REGULATIONS, AND ALL APPROPRIATE FLOW-DOWN PROVISIONS FROM THE PRIME AGREEMENT. ALL SUB GRANTEES OR SERVICE PROVIDERS MUST ALSO CERTIFY THAT IT DOES NOT AND WILL NOT KNOWINGLY PROVIDE MATERIAL SUPPORT OR RESOURCES TO ANY INDIVIDUAL OR ENTITY INVOLVED WITH TERRORISM (INCLUDING ANY INDIVIDUALS ENTITIES OR GROUPS SUBJECT TO OFAC SANCTIONS) OR TO ANYONE WHO ACTS AS AN AGENT FOR SUCH AN INDIVIDUAL OR ENTITY, ANY VIOLATION OF THIS CERTIFICATION MUST BE GROUNDS FOR IMMEDIATE TERMINATION OF THE LETTER OF AGREEMENT AND RETURN OF ALL GRANT FUNDS. THE FREQUENCY AND SCOPE OF RESEARCH PROGRAM'S MONITORING PROCEDURES ARE DETERMINED JOINTLY BY THE RESPONSIBLE PROGRAM MANAGER AND RESPECTIVE GRANT ADMINISTRATOR/FINANCIAL ANALYST. THIS INCLUDES THE ROUTINE RECEIPT AND REVIEW OF THE NARRATIVE AND FINANCIAL REPORTS, A REVIEW OF EXPENSES TO BUDGET, THE OPTION TO PERFORM AUDITS, AND ALLOWS FOR THE PERFORMANCE OF SITE VISITS IF NECESSARY. THE INSTITUTE SHOULD BE NOTIFIED WHENEVER PROBLEMS DELAYS OR OTHER CONDITIONS DEVELOP WHICH WOULD HAVE SIGNIFICANT IMPACT UPON THE PROJECT. BUDGET REVISIONS ARE ALLOWED WITHIN THE PARAMETERS SET FORTH IN EACH SUB AWARD. THE PAYMENT SCHEDULE AND THE DEGREE OF FLEXIBILITY OFFERED MAY DEPEND ON PREVIOUS EXPERIENCE WITH THE RECIPIENT, THE DEGREE OF EXTERNAL OVERSIGHT BY OTHER PARTIES, AND THE SOPHISTICATION OF THE RECIPIENT'S ADMINISTRATIVE SYSTEMS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 WALTER ISAACSON PRESIDENT/CEO 830735 0 0 0 16158 0 40500 0 26186 0 913579 0 0 0 ELLIOT GERSON EXECUTIVE VP 391506 0 0 0 6858 0 40500 0 37294 0 476158 0 0 0 PETER REILING EXECUTIVE VP 391332 0 0 0 3564 0 40500 0 38270 0 473666 0 0 0 NAMITA KHASAT EVP FIN. & ADMN./CFO/TREASURER 358321 0 0 0 2322 0 27000 0 16713 0 404356 0 0 0 ERIC MOTLEY EVP: CORP SECRETARY 326861 0 0 0 810 0 40500 0 13207 0 381378 0 0 0 RAJIV VINNAKOTA EXECUTIVE VP 326676 0 0 0 810 0 27000 0 38262 0 392748 0 0 0 CHARLIE FIRESTONE EXECUTIVE DIRECTOR 344316 0 0 0 11124 0 40500 0 26249 0 422189 0 0 0 MICKEY EDWARDS VP. PROGRAM DIRECTOR 325119 0 0 0 11124 0 40500 0 13627 0 390370 0 0 0 DAN GLICKMAN VP, EXECUTIVE DIRECTOR 318332 0 0 0 13720 0 40500 0 3642 0 376194 0 0 0 MARGARET CLARK VP, POLICY PROGRAMS 301007 0 0 0 3564 0 40500 0 26010 0 371081 0 0 0 KITTY BOONE VP, PROGRAM DIRECTOR 295051 0 0 0 4734 0 38596 0 38270 0 376651 0 0 0 PART I, LINE 1A THE ASPEN INSTITUTE FOLLOWS A POLICY GOVERNING EXPENSE REIMBURSEMENT AND COMPLIES WITH TRAVEL GUIDELINES APPLICABLE TO ALL EMPLOYEES. X 69 5173380 FMV X TRAVEL VOUCH. 6 30578 FMV X WINE 1 5200 FMV X FLOWERS 1 625 FMV X MISCELLANEOUS 4 4 FMV 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ACTUAL CONTRIBUTIONS, NOT THE NUMBERS OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE INSTITUTE HAS A WRITTEN GIFT ACCEPTANCE POLICY. IF A DONOR WANTS TO GIVE A GIFT OUTSIDE OF THAT POLICY, IT WILL BE REVIEWED BY SENIOR MANAGEMENT AND, IF NECESSARY, REFERRED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 OF THE INSTITUTE IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM USING INFORMATION OBTAINED FROM INSTITUTE'S STAFF. ONCE THE INITIAL DRAFT IS PREPARED, IT IS REVIEWED BY SR. FINANCE/ACCOUNTING STAFF. IF NECESSARY, CHANGES ARE MADE AND ANOTHER DRAFT IS ISSUED. THE SECOND DRAFT FORM 990 IS REVIEWED BY AN APPOINTED MEMBER OF THE AUDIT COMMITTEE ALONG WITH THE EVP FINANCE & ADMINISTRATION AND VP OF FINANCE. IF NECESSARY, CHANGES ARE MADE AND ANOTHER DRAFT IS ISSUED. THE FINAL DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE AUDIT COMMITTEE. ONCE APPROVED, COPIES ARE THEN DISTRIBUTED TO ALL BOARD MEMBERS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL ASPEN INSTITUTE TRUSTEES AND EMPLOYEES ARE REQUIRED ANNUALLY TO COMPLETE AND SIGN A DISCLOSURE AND ACKNOWLEDGEMENT FORM RELATED TO THE INSTITUTE'S CONFLICT OF INTEREST POLICY. SPECIFICALLY, ALL TRUSTEES AND EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THAT THEY HAVE READ, UNDERSTOOD, AND ARE COMMITTED TO ABIDING BY THE INSTITUTE'S CONFLICT OF INTEREST POLICY, AND TO MAKE CERTAIN DISCLOSURES ABOUT THEIR ACTIVITIES OUTSIDE OF WORK AND FINANCES TO HELP IDENTIFY POSSIBLE CONFLICTS OF INTEREST. ALL EMPLOYEE FORMS ARE SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT, WHICH REVIEWS THEM AND HAS DISCRETION, IN COORDINATION WITH THE GENERAL COUNSEL AND SENIOR MANAGEMENT, TO MAKE RECOMMENDATIONS OR RAISE CONCERNS WITH AFFECTED INDIVIDUALS AS APPROPRIATE. ALL TRUSTEE FORMS ARE SUBMITTED TO THE OFFICE OF THE CORPORATE SECRETARY, WHICH REVIEWS THEM ALONG WITH THE GENERAL COUNSEL. MAJOR CONFLICT OF INTEREST ISSUES INVOLVING TRUSTEES AND/OR SENIOR MANAGEMENT ARE REFERRED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR RESOLUTION. THE CORPORATE SECRETARY, GENERAL COUNSEL AND SENIOR MANAGEMENT REGULARLY CONFER WITH THE CHAIR OF THE AUDIT COMMITTEE REGARDING THE INSTITUTE'S CONFLICT OF INTEREST POLICY AND ANY CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTE CONTRACTS WITH AN EXTERNAL COMPENSATION FIRM TO PERFORM A MARKET ANALYSIS TO SET THE SALARY RANGES FOR ALL OF OUR POSITIONS ANNUALLY. THE COMPENSATION FIRM ANALYZES SALARIES FROM LIKE ORGANIZATIONS TO DETERMINE THE APPROPRIATE SALARY RANGE FOR EACH POSITION IN THE INSTITUTE. THE INSTITUTE'S COMPENSATION PHILOSOPHY IS THAT WE GENERALLY TARGET THE 50TH PERCENTILE OF THE MARKET FOR OUR POSITIONS. IN ADDITION TO THE ANNUAL MARKET ANALYSIS FOR ALL POSITIONS, WE CONTRACT WITH AN EXTERNAL COMPENSATION CONSULTANT BI-ANNUALLY TO CONDUCT AN IN-DEPTH ANALYSIS FOR OUR PRESIDENT/CEO AND EACH OF OUR EXECUTIVE OFFICERS. EACH EXECUTIVE'S TOTAL COMPENSATION IS BENCHMARKED AGAINST SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS IN LABOR MARKETS IN WHICH THE INSTITUTE COMPETES FOR EXECUTIVE TALENT. THE RECOMMENDATIONS OF THE CONSULTANT ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW AND ENDORSEMENT. THE PRESIDENT/CEO'S SALARY IS THEN PRESENTED TO THE FULL BOARD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FEDERAL FORM 1023 ARE MADE AVAILABLE UPON REQUEST. THE FEDERAL FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE MADE PUBLIC ON THE INSTITUTE'S WEBSITE. FORM 990, PART XI, LINE 9: RETURN OF GRANT FUNDS 60,460. PROVISION FOR DEFERRED TAXES 3,506,739. FORM 990, PART I, LINE 19: NET LOSS REPORTED ON THIS LINE DOES NOT INCLUDE UNREALIZED GAINS OF $20,062,748 FOR THE YEAR. SEE SCHEDULE D, PART XI AND XII FOR FURTHER INFORMATION ON TOTAL REVENUES AND EXPENSES.