2018-10-09T11:53:55-05:00 2017-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2017-01-01 910569878 BOY SCOUTS OF AMERICA BOYS 2067255200 3120 RAINIER AVENUE SOUTH SEATTLE WA 98144 MICHAEL S QUIRK SCOUT EXECUTIVE/CEO/CORP SECRETARY 2067255200 2018-10-03 1 SARA ELIZABETH J HYRE P00235495 4254544919 2018-10-03 65.158.230.194 2018-10-03 12:16:24 PD P 2DE068ACBFA10A31F139242116409E8904B6E6F4 95A8C5A23EA67D2E6C33DDFBD1247D91151141AF 2017 2018-06-14 16:35:46Z CHIEF SEATTLE COUNCIL MICHAEL S QUIRK 3120 RAINIER AVENUE SOUTH SEATTLE WA 98144 11538268 0 1761 X WWW.SEATTLEBSA.ORG X 1916 WA TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW. 55 55 203 6277 0 0 4038283 3873798 2303285 2395627 552330 1007092 463764 453031 7357662 7729548 58604 61773 0 0 3302628 3325431 3696 12232 585114 3338149 3656987 6703077 7056423 654585 673125 40113689 42821067 1473232 1135373 38640457 41685694 X THE COUNCIL'S PRIMARY PURPOSE IS TO ORGANIZE AND SUPERVISE THE SCOUTING PROGRAM. THE SCOUTING PROGRAM PROVIDES EDUCATION FOR YOUTH AND YOUNG ADULTS LED BY TRAINED VOLUNTEERS. THIS IS ACCOMPLISHED THROUGH COMMUNITY SERVICE, CHARACTER BUILDING, CITIZENSHIP TRAINING, CAREER EXPLORATION AND HIGH ADVENTURE PROGRAMS. 0 0 3136921 41032 1575769 BOY SCOUTING IS A FAMILY- AND COMMUNITY-CENTERED PROGRAM FOR BOYS 11 TO 18 YEARS OF AGE. WITH THE SCOUT OATH AND SCOUT LAW AS GUIDES, AND THE SUPPORT OF PARENTS, COMMUNITY AND RELIGIOUS ORGANIZATIONS, THESE YOUTH DEVELOP AN AWARENESS AND APPRECIATION OF THEIR ROLE IN THE COMMUNITY AND BECOME GOOD CITIZENS. THE PROGRAM TEACHES LEADERSHIP AND CHARACTER DEVELOPMENT THROUGH DIFFERENT METHODS, SUCH AS ADVANCEMENT, CAMPING AND TRAINING. THIS PROGRAM SERVED 7,364 YOUTH IN 2017. 2268472 19469 1139521 CUB SCOUTING IS A FAMILY- AND COMMUNITY-CENTERED PROGRAM FOR BOYS 8 TO 10 YEARS OF AGE. CUB SCOUTS LEARN CITIZENSHIP, COMPASSION, AND COURAGE THROUGH SERVICE PROJECTS, CEREMONIES, GAMES, AND OTHER ACTIVITIES PROMOTING CHARACTER DEVELOPMENT AND PHYSICAL FITNESS. THIS PROGRAM SERVED 9,413 YOUTH IN 2017. 266305 1076 133773 VENTURING IS A PROGRAM FOR YOUNG MEN AND WOMEN 14 (OR 13 WITH COMPLETION OF THE EIGHTH GRADE) THROUGH 20 YEARS OF AGE. VENTURING PROVIDES EXPERIENCES TO DEVELOP YOUTH TO BECOME MATURE, RESPONSIBLE, CARING ADULTS. EACH PROGRAM IS SPECIFIC TO THE YOUTH PARTICIPATING. THERE ARE ROBOTIC GROUPS, HIGH ADVENTURE GROUPS, COMPUTER GROUPS, AND SHIPS. THE ONE THING THAT IS CONSISTENT WITH VENTURING IS THAT THE YOUTH RUN THE PROGRAM. THIS PROGRAM SERVED 1,060 YOUTH IN 2017. 48548 196 24386 -EXPLORING, A PROGRAM FOR 14 TO 21 YEAR OLD BOYS & GIRLS WHICH FOCUSES ON CAREER & HOBBY INTERESTS.-LEARNING FOR LIFE IS A PROGRAM FOR BOTH BOYS & GIRLS AGE 5 YEARS THROUGH HIGH SCHOOL. IT FOCUSES ON "AT RISK" ELEMENTARY CHILDREN & CAREER EXPLORATION FOR OLDER YOUTH. THESE TWO PROGRAMS SERVED 406 YOUTH IN 2017.-CHILDREN OF INCARCERATED PARENTS IS ANOTHER PROGRAM BOY SCOUTS FOCUSES ON. 48548 196 24386 5720246 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 14 0 1 203 1 0 0 0 0 0 1 1 0 0 0 1 0 X 55 55 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 WA X X MICHAEL S QUIRK 2067255200 3120 RAINIER AVENUE SOUTH SEATTLE WA 98144 BRIAN BOGEN PRESIDENT 1.00 0.00 X X 0 0 0 KEVIN BAKER VP - PROGRAM 1.00 0.00 X X 0 0 0 RICHARD CORDRAY VP - DISTRICT OPERATIONS 1.00 0.00 X X 0 0 0 DONALD BLACK VP - DEVELOPMENT 1.00 0.00 X X 0 0 0 PATRICK GREEN VP - FINANCE 1.00 0.00 X X 0 0 0 MARCELO GUERRA HAHN VP - VENTURING/SEA SCOUTS 1.00 0.00 X X 0 0 0 PAUL PINEDA VP - SCOUTREACH 1.00 0.00 X X 0 0 0 LISA WYLIE VP - MEMBERSHIP 1.00 0.00 X X 0 0 0 GARY ZIMMERMAN VP - FACILITIES 1.00 0.00 X X 0 0 0 MICHAEL GIBBS TREASURER 1.00 0.00 X X 0 0 0 BRUCE ANDERSON COMMISSIONER 1.00 0.00 X X 0 0 0 DEL BISHOP EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 J SCOTT GARY EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 FREDERICK GRIMM EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 ROB MCKENNA EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 WAYNE PERRY EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 TOM PIGOTT EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 MICHAEL STANLEY EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 BRADLEY TILDEN EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 TODD ZARFOS EXECUTIVE COMMITTEE 1.00 0.00 X 0 0 0 R MILLER ADAMS EXECUTIVE BOARD 1.00 0.00 X 0 0 0 BRAD ANDERSON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 MICHAEL ANDERSON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 JAMES BACH EXECUTIVE BOARD 1.00 0.00 X 0 0 0 HUGH BANGASSER EXECUTIVE BOARD 1.00 0.00 X 0 0 0 GREG BATIE EXECUTIVE BOARD 1.00 0.00 X 0 0 0 TOBY CAPPS EXECUTIVE BOARD 1.00 0.00 X 0 0 0 DAVID CARLSON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 JOHN CARLSON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 LAWRENCE CONRAD EXECUTIVE BOARD 1.00 0.00 X 0 0 0 BOB DONEGAN EXECUTIVE BOARD 1.00 0.00 X 0 0 0 LARRY GARRETT EXECUTIVE BOARD 1.00 0.00 X 0 0 0 WILLIAM LARSON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 MATTHEW LUNDH EXECUTIVE BOARD 1.00 0.00 X 0 0 0 KEN MARTIN EXECUTIVE BOARD 1.00 0.00 X 0 0 0 PETER MCLOUGHLIN EXECUTIVE BOARD 1.00 0.00 X 0 0 0 SCOTT MEDEN EXECUTIVE BOARD 1.00 0.00 X 0 0 0 JOANNE MONTGOMERY EXECUTIVE BOARD 1.00 0.00 X 0 0 0 MIKE OBOY EXECUTIVE BOARD 1.00 0.00 X 0 0 0 R GARY SMITH EXECUTIVE BOARD 1.00 0.00 X 0 0 0 RONALD SMITH EXECUTIVE BOARD 1.00 0.00 X 0 0 0 GORDON TANNER EXECUTIVE BOARD 1.00 0.00 X 0 0 0 ROBERT WILEY III EXECUTIVE BOARD 1.00 0.00 X 0 0 0 ROBERT ZOOK EXECUTIVE BOARD 1.00 0.00 X 0 0 0 TORQUE ZUBECK EXECUTIVE BOARD 1.00 0.00 X 0 0 0 S CHRISTOPHER BEAN EXECUTIVE BOARD 1.00 0.00 X 0 0 0 GUY BENNETT EXECUTIVE BOARD 1.00 0.00 X 0 0 0 PHIL BUSSEY EXECUTIVE BOARD 1.00 0.00 X 0 0 0 CORY CARLSON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 JOHN DEITZ EXECUTIVE BOARD 1.00 0.00 X 0 0 0 TIM GARRIGAN EXECUTIVE BOARD 1.00 0.00 X 0 0 0 LYLE HALL EXECUTIVE BOARD 1.00 0.00 X 0 0 0 JOEL HAMMER EXECUTIVE BOARD 1.00 0.00 X 0 0 0 BRIAN HARRON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 KIM HILLYARD EXECUTIVE BOARD 1.00 0.00 X 0 0 0 WILLIAM KRIPPAEHNE JR EXECUTIVE BOARD 1.00 0.00 X 0 0 0 MIKE MCNELLIS EXECUTIVE BOARD 1.00 0.00 X 0 0 0 GORDON OLSON EXECUTIVE BOARD 1.00 0.00 X 0 0 0 ROB WOTTON DISTRICT CHAIR 1.00 0.00 X 0 0 0 BOB CZAPLINSKI DISTRICT CHAIR 1.00 0.00 X 0 0 0 MELANI HUNT DISTRICT CHAIR 1.00 0.00 X 0 0 0 WALLY KEMPE DISTRICT CHAIR 1.00 0.00 X 0 0 0 MINDY LINTON DISTRICT CHAIR 1.00 0.00 X 0 0 0 MALCOLM MCLELLAN DISTRICT CHAIR 1.00 0.00 X 0 0 0 CARL MEALY DISTRICT CHAIR 1.00 0.00 X 0 0 0 DARCY NIEDERMEYER DISTRICT CHAIR 1.00 0.00 X 0 0 0 JEREMY SCHUMACHER DISTRICT CHAIR 1.00 0.00 X 0 0 0 MORGAN WHEATON DISTRICT CHAIR 1.00 0.00 X 0 0 0 RYAN YEE DISTRICT CHAIR 1.00 0.00 X 0 0 0 JEFF CRAIG DISTRICT CHAIR 1.00 0.00 X 0 0 0 MICHAEL QUIRK SCOUT EXECUTIVE, CEO, SECRETARY 40.00 0.00 X 272718 0 289756 MARTHA PRESTIN CHIEF FINANCIAL OFFICER 40.00 0.00 X 120539 0 25347 BRIAN REDMOND DIRECTOR OF DEVELOPMENT 40.00 0.00 X 173008 0 168347 SCOTT FINDLAY DIRECTOR OF SUPPORT SERVICES 40.00 0.00 X 118158 0 105325 CHRISTOPHER OTTO DIRECTOR OF FIELD SERVICES 40.00 0.00 X 119706 0 56701 JEFFRY NELSON ASST DIR OF FIELD SERVICES 40.00 0.00 X 105170 0 71549 909299 0 717025 6 0 1 0 LZL CONSTRUCTION 10604 EAST RIVERSIDE DRIVE BOTHELL WA 98011 CONSTRUCTION CONTRACTOR 1476964 1 157000 745608 2971190 80904 3873798 CAMPING PROGRAM 900099 1904105 1904105 SCOUTING ACTIVITIES 900099 491522 491522 2395627 440143 440143 93906 0 93906 93906 93906 3330666 2763717 566949 566949 566949 104407 745608 230115 -125708 -125708 1840 0 1840 1840 1292710 814888 477822 477822 EASEMENT PROCEEDS 900099 4000 4000 REIMBURSEMENTS 900099 1171 1171 5171 7729548 2873449 0 982301 61773 61773 398122 208061 183850 6211 2273918 1836851 144639 292428 165680 135340 26300 4040 264648 199366 13221 52061 223063 177367 23350 22346 46613 46613 12232 12232 104230 104230 15435 12759 2676 7750 6742 1008 888087 759068 80169 48850 38357 152 34975 3230 483912 440077 22399 21436 326762 298509 14453 13800 132297 126474 2893 2930 82962 82962 1109578 1065838 22350 21390 190676 167659 11761 11256 RECOGNITION AWARDS 137154 74863 2046 60245 MEMBERSHIP/ADVANCEMENT 65120 65120 28054 14024 5055 8975 7056423 5720246 751063 585114 20848 21718 4304573 4404567 174158 93570 45136 41489 86580 68445 247569 72461 30223688 12390391 17610773 17833297 17104355 19721242 519697 564278 40113689 42821067 552822 235535 471903 333807 448507 566031 1473232 1135373 X 29991097 32974821 3014571 2968705 5634789 5742168 38640457 41685694 40113689 42821067 X 673125 2306062 66050 X 0 1 X 1 0 X 6906307 4167792 2770878 4038283 3873798 21757058 6906307 4167792 2770878 4038283 3873798 21757058 4157418 17599640 503160 566200 562234 595179 534049 2760822 46338 3064 9938 3219 5171 67730 24585610 18773305 0.71590 0.71340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PATCH SALES - 2015 AMOUNT: $ 1,150. 2016 AMOUNT: $ 1,169. REFUND OF UNCLAIMED PROPERTY - 2015 AMOUNT: $ 4,560. TIMBER SALES - 2013 AMOUNT: $ 44,000. 2014 AMOUNT: $ 999. 2015 AMOUNT: $ 1,489. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. REIMBURSEMENTS - 2013 AMOUNT: $ 1,964. 2014 AMOUNT: $ 2,065. 2015 AMOUNT: $ 2,739. 2016 AMOUNT: $ 2,050. 2017 AMOUNT: $ 1,171. BAD DEBT RECOVERY - 2013 AMOUNT: $ 374. EASEMENT PROCEEDS - 2017 AMOUNT: $ 4,000. 0 1 X 18512905 81016 3250092 810067 4189 21029757 18341573 72059 881860 776434 6153 18512905 19294393 119530 -247657 723659 0 18341573 19049370 25928 996197 679421 97681 19294393 17234821 443065 2357571 663584 322503 19049370 0.60560 0.27310 0.12130 1 0 3673 1922954 1926627 24234161 10281535 13952626 2501546 1199181 1302365 1561354 909675 651679 17833297 9997430 2306062 -38180 2267882 7729548 0 7729548 6952193 0 6952193 104230 104230 7056423 PART IV, LINE 2B: ESCROW ACCOUNTS ARE HELD BY THE COUNCIL FOR INDIVIDUAL UNITS. THESE FUNDS ARE USED TO PAY FOR SCOUT REGISTRATIONS, ACTIVITIES AND SUPPLIES AS THEY ARE NEEDED BY THE UNIT. THE FUNDS CAN BE DISTRIBUTED BACK TO THE UNITS UPON REQUEST AND APPROVAL BY TWO REGISTERED LEADERS OF THE UNIT. PART V, LINE 4: THE COUNCIL HAS A SPENDING POLICY THAT DISTRIBUTES 4.5% ANNUALLY OF THE AVERAGE ENDOWMENT BALANCE OVER THE THREE PRIOR YEARS TO FUND EXPENDITURES FOR FACILITIES AND PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -104,230. CHANGE IN VALUE OF BENEFICIAL INTEREST 66,050. EASTSIDE FOS LUNCHEON 309160 298020 11140 2875 11270 8267 6100 DOWNTOWN FOS LUNCHEON 248078 238898 9180 4930 16006 10589 7 292777 208690 84087 21857 42606 23771 81844 850015 745608 104407 29662 69882 42627 87944 230115 -125708 1 CAMPERSHIPS 248 28845 FMV REDUCED CAMP FEES COLLEGE SCHOLARSHIPS 4 11000 FMV SCHOLARSHIPS FOR HIGHER EDUCATION SCOUTREACH MEMBERSHIPS 1455 21928 FMV FREE SCOUTREACH MEMBERSHIP FEES PART I, LINE 2: A SELECTION COMMITTEE OF VOLUNTEERS REVIEWS SCHOLARSHIP APPLICATIONS AND AWARDS SCHOLARSHIPS. NEED BASED CAMPERSHIPS ARE GRANTED BY THE CAMPING DIRECTOR. SCOUTS COMPLETE AN APPLICATION STATING THEIR NEED AND AWARDS ARE IN THE FORM OF REDUCED CAMP FEES. A TYPICAL CAMPERSHIP IS 50% OFF THE COST OF CAMP. SCOUTREACH MEMBERSHIP REGISTRATION IS PAID FOR ALL MEMBERS OF SCOUTREACH UNITS. SCOUTREACH UNITS ARE LED BY PAID COUNCIL STAFF MEMBERS SPONSORED THROUGH VARIOUS ORGANIZATIONS. THE COUNCIL PAYS THE MEMBER'S REGISTRATION FEE WITH NATIONAL COUNCIL UPON SIGNING UP FOR SCOUTING. X 1 1 X X X 0 0 0 0 0 0 0 0 0 MICHAEL QUIRK SCOUT EXECUTIVE, CEO, SECRETARY 267712 0 4000 0 1006 0 277814 0 11942 0 562474 0 0 0 BRIAN REDMOND DIRECTOR OF DEVELOPMENT 170389 0 2000 0 619 0 155285 0 13062 0 341355 0 0 0 SCOTT FINDLAY DIRECTOR OF SUPPORT SERVICES 114548 0 2000 0 1610 0 96543 0 8782 0 223483 0 0 0 CHRISTOPHER OTTO DIRECTOR OF FIELD SERVICES 117626 0 2000 0 80 0 44108 0 12593 0 176407 0 0 0 JEFFRY NELSON ASST DIR OF FIELD SERVICES 102173 0 1000 0 1997 0 62908 0 8641 0 176719 0 0 0 PART I, LINE 1A MICHAEL QUIRK WAS PROVIDED MEMBERSHIP TO THE RAINIER CLUB. THE MEMBERSHIP WAS NOT TREATED AS TAXABLE COMPENSATION. THE MEMBERSHIP IS USED FOR HOSTING CHIEF SEATTLE COUNCIL BSA BUSINESS MEETINGS. X 20 4212 FAIR MARKET VALUE X 1 1014 STOCK SALES PRICE X AUCTION ITEMS 132 75678 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): AUCTION ITEMS AND VEHICLE DONATIONS ARE REPORTED AS COUNT OF ITEMS WHILE STOCK DONATIONS ARE REPORTED AS NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE NATIONAL BSA OPERATES A VEHICLE AND BOAT DONATION PROGRAM. THEY REMIT A PERCENT OF EACH SALE TO THE COUNCIL AND PROCESS ALL OF THE REQUIRED PAPERWORK. FORM 990, PART I, LINE 6 6,277 IS THE NUMBER OF ADULT VOLUNTEERS REGISTERED WITH THE COUNCIL AS OF DECEMBER 31, 2017. VOLUNTEERS ARE LEADERS FOR SCOUT UNITS, MERIT BADGE COUNSELORS, FUNDRAISERS, BOARD MEMBERS, TRAINERS, AND ASSIST IN ALL ASPECTS OF DELIVERING THE SCOUTING PROGRAM TO YOUTH. FORM 990, PART VI, SECTION A, LINE 2 BOB DONEGAN AND PHIL BUSSEY HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 CORPORATE MEMBERSHIP IS COMPRISED OF NO FEWER THAN 100 ACTIVE MEMBERS, WHO CONSIST OF CHARTERED ORGANIZATION REPRESENTATIVES AND MEMBERS AT LARGE, AND MAY ALSO INCLUDE ASSOCIATE AND HONORARY MEMBERS. ACTIVE MEMBERS ARE VOTING MEMBERS WHEREAS ASSOCIATE AND HONORARY MEMBERS ARE NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS AT LARGE, ASSOCIATE MEMBERS AND HONORARY MEMBERS ARE ALL ELECTED BY CURRENT ACTIVE MEMBERS EACH YEAR AT THE COUNCIL'S ANNUAL BUSINESS MEETING. ALL OFFICERS, CHAIRS OF COMMITTEES OF THE BOARD, DISTRICT CHAIRS AND EXECUTIVE BOARD MEMBERS ARE ELECTED BY CURRENT ACTIVE MEMBERS. A NOMINATING COMMITTEE OF THE BOARD PRESENTS A SLATE OF CANDIDATES FOR ELECTION. INTERMITTENT VACANCIES ARE FILLED BY THE EXECUTIVE BOARD. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE APPROVAL RIGHTS IN ACCORDANCE WITH TITLE 24 OF THE WASHINGTON NONPROFIT CORPORATION LAW. IN ADDITION, ACTIVE MEMBERS MAY VOTE AT THE ANNUAL MEETING TO RECEIVE AND APPROVE FINANCIAL STATEMENTS AS OF THE CLOSE OF ITS MOST RECENT COMPLETE FISCAL YEAR AND OTHER SUCH BUSINESS AS MAY COME BEFORE THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 WERE PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS WITH VOTING AUTHORITY PRIOR TO FILING. THE FORM WAS REVIEWED IN DETAIL BY THE COUNCIL'S AUDIT COMMITTEE AND PRESENTED TO THE EXECUTIVE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO EXECUTIVE BOARD MEMBERS, COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES OF THE CORPORATION. THERE IS AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST STATEMENTS COMPLETED BY ALL BOARD MEMBERS AND OFFICERS THAT ARE KEPT ON FILE. OFFICERS AND BOARD MEMBERS ARE ALSO EXPECTED TO DISCLOSE CONFLICTS TO THE BOARD CHAIR AS THEY ARISE ON THE HONOR SYSTEM WITH THE OVERSIGHT OF THE GOVERNANCE COMMITTEE. IF A CONFLICT EXISTS OR ARISES DURING THE COURSE OF BUSINESS, THE GOVERNANCE COMMITTEE INVESTIGATES AND DETERMINES ANY ACTION TO TAKE IN ACCORDANCE WITH THE POLICY. ANY PERSON COVERED BY THE POLICY THAT HAS A CONFLICT OF INTEREST MAY NOT PARTICIPATE BY DISCUSSION, VOTING, OR ANY OTHER ACTION ON A MOTION WHICH RELATES TO A TRANSACTION WITH RESPECT TO WHICH HE OR SHE HAS A CONFLICT OF INTEREST. AT THE DISCRETION OF THE DISINTERESTED MEMBERS OF THE BOARD, HE OR SHE MAY BE REQUIRED TO LEAVE THE MEETING DURING THE DISCUSSION AND VOTING. FORM 990, PART VI, SECTION B, LINE 15 USING A WRITTEN EMPLOYMENT CONTRACT WHERE APPLICABLE, THE COMPENSATION COMMITTEE REVIEWS AND APPROVES EVERY EMPLOYEE'S COMPENSATION IN JANUARY EACH YEAR. THE LAST REVIEW WAS FEBRUARY, 2018. COMPENSATION IS BASED ON JOB PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED BY MAIL. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST 66,050. PERPETUAL TRUST INVESTMENT WA N/A T 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PERPETUAL TRUST A 459118 FAIR MARKET VALUE PERPETUAL TRUST R 66848 FAIR MARKET VALUE PERPETUAL TRUST S 375830 FAIR MARKET VALUE