FURP.ORG / PUBLIC DATA EXPLORER

ROTARY CLUB OF WEST ORANGE FOUNDATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ROTARY CLUB OF WEST ORANGE FOUNDATION INC (EIN 01-0738784)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-01-21
IRS object ID
201640219349300709
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-01-21T10:34:37-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN223447596PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEVINE JACOBS & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1333 EISENHOWER PARKWAYAddressLine1Txt
CityLIVINGSTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07039ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010738784EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROTARY CLUB OF WEST ORANGEBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlROTABusinessNameControlTxt
Phone9739929400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O M H KARU 333 EISENHOWER PKYAddressLine1Txt
CityLIVINGSTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP070391722ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEDWARD ENGINGERPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone9739929400PhoneNum
Signature2016-01-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL H KARUPreparerPersonNm
PTINP00001963PTIN
Phone9739929400PhoneNum
Preparation2016-01-21PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerEDWARD ENGINGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 NORTHVIEW TERRACEAddressLine1Txt
CityCEDAR GROVECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07009ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$56,147GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WESTORANGEROTARY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionFUNDING LOCAL & ROTARY INTERNATIONAL BASED CHARITIES AND FUNDING OF COLLEGE SCHOLARSHIPSActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$7,225PYContributionsGrantsAmt
CY Contributions Grants$2,209CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,630PYInvestmentIncomeAmt
CY Investment Income$5,423CYInvestmentIncomeAmt
PY Other Revenue$43,612PYOtherRevenueAmt
CY Other Revenue$48,515CYOtherRevenueAmt
PY Total Revenue$57,467PYTotalRevenueAmt
CY Total Revenue$56,147CYTotalRevenueAmt
PY Grants And Similar Paid$48,110PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$39,120CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$10,802CYTotalFundraisingExpenseAmt
PY Other Expenses$10,812PYOtherExpensesAmt
CY Other Expenses$11,694CYOtherExpensesAmt
PY Total Expenses$58,922PYTotalExpensesAmt
CY Total Expenses$50,814CYTotalExpensesAmt
PY Revenues Less Expenses-$1,455PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$5,333CYRevenuesLessExpensesAmt
Total Assets BOY$107,027TotalAssetsBOYAmt
Total Assets EOY$112,360TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$107,027NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$112,360NetAssetsOrFundBalancesEOYAmt
MissionFUNDING LOCAL & ROTARY INTERNATIONAL BASED CHARITIES AND FUNDING OF COLLEGE SCHOLARSHIPSMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$15,172ExpenseAmt
Grant$14,500GrantAmt
DescSCHOLARSHIP & ACADEMIC AWARDS - COLLEGE SCHOLARSHIPS AND ACADEMIC ACHEIVEMENT AWARDS ARE GIVEN TO GRADUATING HIGH SCHOOL SENIORS WHO LIVE IN WEST ORANGE, NJDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$24,620ExpenseAmt
Grant$24,620GrantAmt
DescGRANTS TO CHARITABLE ORGANIZATIONS - GRANTS TO ORGANIZATIONS FORMED AND QUALIFYING UNDER SECTION 501(C)(3) ARE MADE IN ACCORDANCE WITH THE FOUNDATION'S PRIMARY PURPOSEDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$39,792TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEVINE JACOBS & COMPANYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9739929400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1333 EISENHOWER PKYAddressLine1Txt
CityLIVINGSTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP070521722ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
EDWARD ENGINGER
CHAIRMANYes (X)Yes (X)$0$0$0
TEKESTE GHEBREMICAEL
TRUSTEEYes (X)$0$0$0
CHRISTOPHER WASHCO
TRUSTEEYes (X)$0$0$0
RICHARD CIMO
TRUSTEEYes (X)$0$0$0
PETER F HORN
TRUSTEEYes (X)$0$0$0
JEFFREY DUNST
TRUSTEEYes (X)$0$0$0
JOHN F WISE
TRUSTEEYes (X)$0$0$0
MICHAEL H KARU
TREASURERYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$2,209AllOtherContributionsAmt
Total Contributions$2,209TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,423TotalRevenueColumnAmt
Exclusion$5,423ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$36,956FundraisingGrossIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$36,956TotalRevenueColumnAmt
Exclusion$36,956ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$11,559GamingGrossIncomeAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,559TotalRevenueColumnAmt
Exclusion$11,559ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$56,147TotalRevenueColumnAmt
Exclusion$53,938ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$24,620TotalAmt
Program Services$24,620ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$14,500TotalAmt
Program Services$14,500ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,421TotalAmt
Fundraising$1,421FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmt
FACILITY FEE$6,753$6,753
FACILITY FEE$1,530$1,530
GUEST FEES$672$672
SUPPLIES$371$371

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$947TotalAmt
Management And General$220ManagementAndGeneralAmt
Fundraising$727FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$50,814TotalAmt
Program Services$39,792ProgramServicesAmt
Management And General$220ManagementAndGeneralAmt
Fundraising$10,802FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$6,957BOYAmt
EOY$5,962EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$20,623BOYAmt
EOY$26,196EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$755EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$79,447BOYAmt
EOY$79,447EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$107,027BOYAmt
EOY$112,360EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$61,826BOYAmt
EOY$67,534EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$45,201BOYAmt
EOY$44,826EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$107,027BOYAmt
EOY$112,360EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$107,027BOYAmt
EOY$112,360EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$5,333ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,616CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,600CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$16,849CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,225CurrentTaxYearMinus1YearAmt
Current Tax Year$2,209CurrentTaxYearAmt
Total$36,499TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$48,229CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$47,556CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$55,305CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$48,092CurrentTaxYearMinus1YearAmt
Current Tax Year$48,515CurrentTaxYearAmt
Total$247,697TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$53,845CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$52,156CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$72,154CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$55,317CurrentTaxYearMinus1YearAmt
Current Tax Year$50,724CurrentTaxYearAmt
Total$284,196TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$284,196PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$277CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,590CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,185CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,630CurrentTaxYearMinus1YearAmt
Current Tax Year$5,423CurrentTaxYearAmt
Total$21,105TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$277CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,590CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,185CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,630CurrentTaxYearMinus1YearAmt
Current Tax Year$5,423CurrentTaxYearAmt
Total$21,105TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$54,122CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$55,746CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$77,339CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$61,947CurrentTaxYearMinus1YearAmt
Current Tax Year$56,147CurrentTaxYearAmt
Total$305,301TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.93090PublicSupportCY509Pct
Public Support PY5090.94560PublicSupportPY509Pct
Investment Income CY0.07000InvestmentIncomeCYPct
Investment Income PY0.05000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1TASTE OF THE WOEvent1Nm
Gross Receipts Event1$32,514GrossReceiptsEvent1Amt
Gross Revenue Event1$32,514GrossRevenueEvent1Amt
Gross Receipts Total$32,514GrossReceiptsTotalAmt
Gross Revenue Total Events$32,514GrossRevenueTotalEventsAmt
Net Income Summary$32,514NetIncomeSummaryAmt
FieldValueIRS element (for citing)
States Where Gaming ConductedNJStatesWhereGamingConductedCd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient17RecipientCnt
Cash Grant$14,500CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BTHE FINANCE COMMITTEE REVIEWS THE FORM 990 AND MAKES IT AVAILABLE TO ALL BOARD MEMBERS PRIOR TO THE FILING OF THE RETURN.
FORM 990, PAGE 6, PART VI, LINE 19IT IS THE POLICY OF THE FOUNDATION TO FURNISH A COPY OF THE 990 FORM UPON WRITTEN REQUEST.
FORM 990, PART XISCHOLARSHIPS ARE PARTIALLY FUNDED THROUGH FUNDRAISING. THE BALANCE IS RELEASED FROM RESTRICTED FUNDS. THE AMOUNT SHOWN ON LINE 5 REPRESENTS FUNDS RELEASED DURING THE CURRENT FISCAL YEAR.