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        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Eugene M Salorio</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
        <AverageHoursPerWeekRt>002.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>John Soto</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
        <AverageHoursPerWeekRt>002.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>E Roger Williams</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
        <AverageHoursPerWeekRt>002.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Jay Youngling</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
        <AverageHoursPerWeekRt>002.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Michael Zebarth</PersonNm>
        <TitleTxt>Trustee</TitleTxt>
        <AverageHoursPerWeekRt>002.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Jerry Franklin</PersonNm>
        <TitleTxt>President/CEO</TitleTxt>
        <AverageHoursPerWeekRt>050.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>357838</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>61821</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Meg Sakellarides</PersonNm>
        <TitleTxt>Treasurer/CFO</TitleTxt>
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        <ReportableCompFromOrgAmt>190716</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>27654</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Lisa DiDonato Cambria</PersonNm>
        <TitleTxt>Assistant Secretary</TitleTxt>
        <AverageHoursPerWeekRt>040.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>62323</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>14725</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Dean Orton</PersonNm>
        <TitleTxt>COO</TitleTxt>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Nancy L Bauer</PersonNm>
        <TitleTxt>VP Marketing and Sales</TitleTxt>
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        <OtherCompensationAmt>20815</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Faith Middleton</PersonNm>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Haig Papasian</PersonNm>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>16846</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>Donna Sodipo</PersonNm>
        <TitleTxt>VP Education</TitleTxt>
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        <ReportableCompFromOrgAmt>116901</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>17921</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>John Callahan</PersonNm>
        <TitleTxt>VP Individual Giving</TitleTxt>
        <AverageHoursPerWeekRt>040.00</AverageHoursPerWeekRt>
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        <ReportableCompFromOrgAmt>111508</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <IndivRcvdGreaterThan100KCnt>10</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>true</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>IDEO LP</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>715 Alma Street</AddressLine1Txt>
            <CityNm>Palo</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94301</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Business Strategist</ServicesDesc>
        <CompensationAmt>650000</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>Chase Family Investments LLC</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>225 Asylum St 29th Floor</AddressLine1Txt>
            <CityNm>Hartford</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06103</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Broadcast Tower Rental</ServicesDesc>
        <CompensationAmt>149500</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>Pinnacle Towers Inc</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>PO Box 409250</AddressLine1Txt>
            <CityNm>Atlanta</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>303849250</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Broadcast Tower Rental</ServicesDesc>
        <CompensationAmt>123165</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>Priority Construction Services LLC</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>381 Allen Street</AddressLine1Txt>
            <CityNm>New Britain</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06053</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Construction Renovation Services</ServicesDesc>
        <CompensationAmt>111485</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>Patrick Communications</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>6805 Douglas Legum Drive</AddressLine1Txt>
            <CityNm>Elkridge</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21075</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>Spectrum Broker</ServicesDesc>
        <CompensationAmt>110000</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>5</CntrctRcvdGreaterThan100KCnt>
      <MembershipDuesAmt>5875949</MembershipDuesAmt>
      <RelatedOrganizationsAmt>96528</RelatedOrganizationsAmt>
      <GovernmentGrantsAmt>1978652</GovernmentGrantsAmt>
      <NoncashContributionsAmt>169641</NoncashContributionsAmt>
      <TotalContributionsAmt>7951129</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>Corporate underwriting support</Desc>
        <BusinessCd>515100</BusinessCd>
        <TotalRevenueColumnAmt>8063494</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>8063494</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Transmission sales</Desc>
        <BusinessCd>515100</BusinessCd>
        <TotalRevenueColumnAmt>137307</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>137307</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>Miscellaneous</Desc>
        <BusinessCd>515100</BusinessCd>
        <TotalRevenueColumnAmt>90159</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>90159</RelatedOrExemptFuncIncomeAmt>
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      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>559240</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>559240</RelatedOrExemptFuncIncomeAmt>
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      <RoyaltiesRevenueGrp>
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        <RelatedOrExemptFuncIncomeAmt>629</RelatedOrExemptFuncIncomeAmt>
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        <PersonalAmt>49409</PersonalAmt>
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      <RentalIncomeOrLossGrp>
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      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>51445</TotalRevenueColumnAmt>
        <UnrelatedBusinessRevenueAmt>52445</UnrelatedBusinessRevenueAmt>
      </NetRentalIncomeOrLossGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>3351812</SecuritiesAmt>
        <OtherAmt>847614</OtherAmt>
      </GrossAmountSalesAssetsGrp>
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      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>2222577</TotalRevenueColumnAmt>
        <ExclusionAmt>2222577</ExclusionAmt>
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      <FundraisingDirectExpensesAmt>99911</FundraisingDirectExpensesAmt>
      <NetIncmFromFundraisingEvtGrp>
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        <ExclusionAmt>-72286</ExclusionAmt>
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      <OtherRevenueMiscGrp>
        <Desc>Licensing of Intangible Assets</Desc>
        <BusinessCd>533110</BusinessCd>
        <TotalRevenueColumnAmt>1954260</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>1954260</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueMiscGrp>
        <Desc>Contributions for Capital Additions</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>386789</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>386789</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>2341049</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>21344743</TotalRevenueColumnAmt>
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        <UnrelatedBusinessRevenueAmt>52445</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>2150291</ExclusionAmt>
      </TotalRevenueGrp>
      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>0</TotalAmt>
      </GrantsToDomesticOrgsGrp>
      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>0</TotalAmt>
      </GrantsToDomesticIndividualsGrp>
      <ForeignGrantsGrp>
        <TotalAmt>0</TotalAmt>
      </ForeignGrantsGrp>
      <BenefitsToMembersGrp>
        <TotalAmt>0</TotalAmt>
      </BenefitsToMembersGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>920184</TotalAmt>
        <ManagementAndGeneralAmt>920184</ManagementAndGeneralAmt>
      </CompCurrentOfcrDirectorsGrp>
      <CompDisqualPersonsGrp>
        <TotalAmt>0</TotalAmt>
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        <TotalAmt>5071465</TotalAmt>
        <ProgramServicesAmt>3437565</ProgramServicesAmt>
        <ManagementAndGeneralAmt>165464</ManagementAndGeneralAmt>
        <FundraisingAmt>1468436</FundraisingAmt>
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      <PensionPlanContributionsGrp>
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        <ProgramServicesAmt>108070</ProgramServicesAmt>
        <ManagementAndGeneralAmt>28707</ManagementAndGeneralAmt>
        <FundraisingAmt>43035</FundraisingAmt>
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      <OtherEmployeeBenefitsGrp>
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        <ProgramServicesAmt>410201</ProgramServicesAmt>
        <ManagementAndGeneralAmt>22161</ManagementAndGeneralAmt>
        <FundraisingAmt>122395</FundraisingAmt>
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      <PayrollTaxesGrp>
        <TotalAmt>493351</TotalAmt>
        <ProgramServicesAmt>340277</ProgramServicesAmt>
        <ManagementAndGeneralAmt>53399</ManagementAndGeneralAmt>
        <FundraisingAmt>99675</FundraisingAmt>
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      <FeesForServicesManagementGrp>
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        <ProgramServicesAmt>364</ProgramServicesAmt>
        <FundraisingAmt>57</FundraisingAmt>
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      <FeesForServicesLegalGrp>
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        <ProgramServicesAmt>132109</ProgramServicesAmt>
        <ManagementAndGeneralAmt>59996</ManagementAndGeneralAmt>
        <FundraisingAmt>920</FundraisingAmt>
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        <ManagementAndGeneralAmt>52250</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesLobbyingGrp>
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        <ManagementAndGeneralAmt>25000</ManagementAndGeneralAmt>
      </FeesForServicesLobbyingGrp>
      <FeesForServicesProfFundraising>
        <TotalAmt>412936</TotalAmt>
        <FundraisingAmt>412936</FundraisingAmt>
      </FeesForServicesProfFundraising>
      <FeesForSrvcInvstMgmntFeesGrp>
        <TotalAmt>0</TotalAmt>
      </FeesForSrvcInvstMgmntFeesGrp>
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        <TotalAmt>2781849</TotalAmt>
        <ProgramServicesAmt>1755758</ProgramServicesAmt>
        <ManagementAndGeneralAmt>321251</ManagementAndGeneralAmt>
        <FundraisingAmt>704840</FundraisingAmt>
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      <AdvertisingGrp>
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        <ProgramServicesAmt>27456</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4250</ManagementAndGeneralAmt>
        <FundraisingAmt>3304</FundraisingAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
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        <ProgramServicesAmt>24240</ProgramServicesAmt>
        <ManagementAndGeneralAmt>15721</ManagementAndGeneralAmt>
        <FundraisingAmt>6812</FundraisingAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
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      </InformationTechnologyGrp>
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      <OccupancyGrp>
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        <ProgramServicesAmt>699937</ProgramServicesAmt>
        <ManagementAndGeneralAmt>462618</ManagementAndGeneralAmt>
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      <TravelGrp>
        <TotalAmt>95997</TotalAmt>
        <ProgramServicesAmt>52432</ProgramServicesAmt>
        <ManagementAndGeneralAmt>17334</ManagementAndGeneralAmt>
        <FundraisingAmt>26231</FundraisingAmt>
      </TravelGrp>
      <PymtTravelEntrtnmntPubOfclGrp>
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      </PymtTravelEntrtnmntPubOfclGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>180121</TotalAmt>
        <ProgramServicesAmt>62465</ProgramServicesAmt>
        <ManagementAndGeneralAmt>62619</ManagementAndGeneralAmt>
        <FundraisingAmt>55037</FundraisingAmt>
      </ConferencesMeetingsGrp>
      <InterestGrp>
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        <ProgramServicesAmt>159593</ProgramServicesAmt>
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      <PaymentsToAffiliatesGrp>
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        <ManagementAndGeneralAmt>39140</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>1457390</ProgramServicesAmt>
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        <ManagementAndGeneralAmt>11773</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>Program acquisition</Desc>
        <TotalAmt>2569249</TotalAmt>
        <ProgramServicesAmt>2569249</ProgramServicesAmt>
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      <OtherExpensesGrp>
        <Desc>Production</Desc>
        <TotalAmt>1389837</TotalAmt>
        <ProgramServicesAmt>1364351</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4751</ManagementAndGeneralAmt>
        <FundraisingAmt>20735</FundraisingAmt>
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      <OtherExpensesGrp>
        <Desc>Equipment rental and maintenance</Desc>
        <TotalAmt>528424</TotalAmt>
        <ProgramServicesAmt>312112</ProgramServicesAmt>
        <ManagementAndGeneralAmt>103815</ManagementAndGeneralAmt>
        <FundraisingAmt>112497</FundraisingAmt>
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      <OtherExpensesGrp>
        <Desc>Printing and publications</Desc>
        <TotalAmt>448956</TotalAmt>
        <ProgramServicesAmt>442363</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3069</ManagementAndGeneralAmt>
        <FundraisingAmt>3524</FundraisingAmt>
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      <AllOtherExpensesGrp>
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        <ProgramServicesAmt>363609</ProgramServicesAmt>
        <ManagementAndGeneralAmt>253945</ManagementAndGeneralAmt>
        <FundraisingAmt>143229</FundraisingAmt>
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      <TotalFunctionalExpensesGrp>
        <TotalAmt>19570651</TotalAmt>
        <ProgramServicesAmt>13719541</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2627447</ManagementAndGeneralAmt>
        <FundraisingAmt>3223663</FundraisingAmt>
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      <CashNonInterestBearingGrp>
        <BOYAmt>407710</BOYAmt>
        <EOYAmt>456523</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>361019</BOYAmt>
        <EOYAmt>165264</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <AccountsReceivableGrp>
        <BOYAmt>3878398</BOYAmt>
        <EOYAmt>3445514</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>534923</BOYAmt>
        <EOYAmt>311378</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>47717049</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>33790531</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>14743710</BOYAmt>
        <EOYAmt>13926518</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>31659446</BOYAmt>
        <EOYAmt>36242090</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <InvestmentsProgramRelatedGrp>
        <BOYAmt>76229</BOYAmt>
        <EOYAmt>26229</EOYAmt>
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        <FormAndLineReferenceDesc>Part I Line 1a</FormAndLineReferenceDesc>
        <ExplanationTxt>As approved by the Compensation Committee of the Board of Trustees, one officer belongs to one social club where the business portion of the expenses are paid by the Company.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part I Line 4b</FormAndLineReferenceDesc>
        <ExplanationTxt>Jerry Franklin participated in, and received a 20,000 payment from, a supplemental nonqualified retirement plan in calendar year 2014. Meg Sakellarides participated in, but did not receive payment from, a supplemental nonqualified retirement plan in calendar year 2014.</ExplanationTxt>
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        <RelationshipDescriptionTxt>G. Butler, Officer</RelationshipDescriptionTxt>
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        <TransactionDesc>Electricity provider</TransactionDesc>
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        <TransactionDesc>Lease of tower space</TransactionDesc>
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        <ExplanationTxt>Column b We are reporting the number of items received.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part I Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>Column b We are reporting the number of contributions received.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part I Line 32a</FormAndLineReferenceDesc>
        <ExplanationTxt>We hire a third party to pick up and sell the donated cars, to prepare the tax paperwork and to provide us with the sales proceeds net of selling and processing fees. We also hire a third party to receive the donated publicly traded securities, sell the securities, after given permission to do so from Company management, and provide us with the sales proceeds net of selling and processing costs.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11a</FormAndLineReferenceDesc>
        <ExplanationTxt>Members of the Audit Committee of the Board of Trustees review the prepared Form 990 before it is filed, typically in early February of each year, and each member of the Board of Trustees receives an electronic copy of the Form 990 prior to its filing.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>The Companys conflict of interest policy covers its Board of Trustees, officers, management employees and its Community Advisory Board. The Company reinforces and reviews its conflict of interest policy with its Board of Trustees and its management staff annually and requires the Board and management to disclose its business relationships or interests on a formal executed disclosure statement. These disclosures are reviewed by first, the Audit Committee, and then, in summary, with the full Board of Trustees if a conflict of interest is disclosed. If a transaction or a proposed transaction occurs interimly during the period between disclosures with an interested party, such tranaction or proposed transaction is brought before the full Board of Trustees for review and approval prior to the effective date of the transaction. Interested parties do not participate in any</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>meeting in which the proposed transaction is discussed unless to clarify facts. In addition, as it relates to potential management conflicts, management, as part of the employee policies in the Companys Employee Handbook, is required to report and disclose such interests to our Human Resource Department. The process and procedures described above conform to non-profit best practices.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 15</FormAndLineReferenceDesc>
        <ExplanationTxt>Required under the Company organizational governance structure and bylaws, the Company has an active Compensation Committee which governs the Company and Board of Trustees decisions about executive compensation, executive benefits, and compensation philosophy. The executives for the Company include the CEO, COO and CFO. The Compensation committee engages a third party independent benefits consulting firm every other year to conduct an independent survey of the executive positions and prepares an independent report which includes a review of the competitiveness of compensation and benefits. The Company and the Compensation Committee makes its executive compensation and benefits decisions based upon its compensation philosophy which is based upon prevailing market practices. Each decision made by the Compensation Committee is deliberated and recorded in minutes of record.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>The Company makes its governing documents, conflict of interest policy and disclosures, and financial statements available to the public as part of its public file disclosures at the Corporate office headquarters and on its website. In some cases, financial information is sent in the mail to those requesting it. Upon request, any member of the public can view such public file disclosures. In addition, because the Company is regulated under the Federal Communications Commission FCC, its public file disclosure requirements are more significant than other not for profits.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Form 990, Part IX, Line 11g</FormAndLineReferenceDesc>
        <ExplanationTxt>2,781,849 of other fees for services consists of the following expenses 175,073 research 1,540,510 professional fees 129,364 premium fulfillment 351,515 direct mail 23,349 lettershop 139,237 lettershop renewals 6,900 investment expenses 173,775 miscellaneous 242,126 bank and credit card fees.</ExplanationTxt>
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          <CityNm>Hartford</CityNm>
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