2016-03-30T20:40:13-05:00 2015-08-31 861065772 DELOITTE TAX LLP TWO JERICHO PLAZA JERICHO NY 117531683 990 2014-09-01 363422138 MAKE-A-WISH FOUNDATION OF ILLINOIS INC MAKE 3126029474 640 NORTH LASALLE DRIVE NO 280 CHICAGO IL 606543754 STEPHANIE SPRINGS CHIEF EXECUTIVE OFFICER 3126029474 2016-03-29 1 CHRISTINE KAWECKI P00743140 5169187000 2016-03-30 2014 2016-08-17 19:52:53Z STEPHANIE SPRINGS 640 NORTH LASALLE DRIVE NO 280 CHICAGO IL 606543754 12875643 0 X WWW.ILLINOIS.WISH.ORG X 1985 IL SEE SCHEDULE O. 29 29 58 1707 0 0 10155964 11301326 7050 11325 347407 231870 32861 53350 10543282 11597871 6741442 6489210 0 0 3000319 3265302 0 0 1713120 1409904 1617560 11151665 11372072 -608383 225799 11677367 11120006 5785645 5933600 5891722 5186406 X THE MISSION OF MAKE-A-WISH FOUNDATION OF ILLINOIS IS TO GRANT THE WISHES OF CHILDREN WITH LIFE-THREATENING MEDICAL CONDITIONS TO ENRICH THE HUMAN EXPERIENCE WITH HOPE, STRENGTH AND JOY. OUR VISION IS TO MAKE EVERY ELIGIBLE CHILD'S WISH COME TRUE. 0 0 8715281 6489210 30573 SEE SCHEDULE O 8715281 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 34 1 1 58 1 0 0 0 0 0 1 1 0 0 0 0 0 X 29 29 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X X DARYL THOMANN 3126029474 640 N LASALLE DRIVE SUITE 280 CHICAGO IL 606543754 CHRISTINA ROTHER DIRECTOR-CHAIR 2.00 X 0 0 0 LAURA BROWN DIRECTOR-VICE CHAIR 2.00 X 0 0 0 JOHN NEUMAIER DIRECTOR-VICE CHAIR 2.00 X 0 0 0 BRIAN PAUL DIR-CORP DOCS OFFICER 2.00 X 0 0 0 JONATHAN ZEILER DIRECTOR-TREASURER 2.00 X 0 0 0 CARLIN ADRIANOPOLI DIRECTOR 2.00 X 0 0 0 JASON BROWN DIRECTOR 2.00 X 0 0 0 CARI BUCCI DIRECTOR 2.00 X 0 0 0 GEORGE COCHRAN DIRECTOR 2.00 X 0 0 0 CHRIS CRAWFORD DIRECTOR 2.00 X 0 0 0 ARMOND DINVERNO DIRECTOR 2.00 X 0 0 0 MARIANNE DOAN DIRECTOR 2.00 X 0 0 0 THOMAS ELLMAN DIRECTOR 2.00 X 0 0 0 STEVE GADOMSKI DIRECTOR 2.00 X 0 0 0 KATHERINE GRAHAM SHANNON DIRECTOR 2.00 X 0 0 0 CHRISTOPHER GRIFFIN DIRECTOR 2.00 X 0 0 0 CARYN GUINTA DIRECTOR 2.00 X 0 0 0 DON JOHNSON DIRECTOR 2.00 X 0 0 0 AHMAD ISLAM DIRECTOR 2.00 X 0 0 0 DOMINIC NAKIS DIRECTOR 2.00 X 0 0 0 DIPAK PATEL DIRECTOR 2.00 X 0 0 0 VALLI PERERA DIRECTOR 2.00 X 0 0 0 NANETTE REYNOLDS DIRECTOR 2.00 X 0 0 0 TARA SHAWEL DIRECTOR 2.00 X 0 0 0 MARY BETH SIDDONS DIRECTOR 2.00 X 0 0 0 JOHN STIBAL DIRECTOR 2.00 X 0 0 0 COLLEEN VAN HAM DIRECTOR 2.00 X 0 0 0 JOHN VELERIS DIRECTOR 2.00 X 0 0 0 SHERI WARSH DIRECTOR 2.00 X 0 0 0 STEPHANIE SPRINGS CHIEF EXECUTIVE OFFICER 40.00 X 241516 0 25144 DARYL THOMANN CHIEF OPERATING OFFICER 40.00 X 157895 0 13631 HEATHER SIMPSON CHIEF DEVELOPMENT OFFICER 40.00 X 157257 0 3666 556668 0 42441 3 0 1 0 WINDY CITY LIMOUSINE 188 INDUSTRIAL DRIVE SUITE 320 ELMHURST IL 60126 LIMOS FOR WISH FAMILIES 232194 ARAMARK SOLDIER FIELD 1410 S MUSEUM CAMPUS DRIVE CHICAGO IL 60605 CATERING FOR WISH BALL 139400 SOOFCO PRODUCTIONS INC SFO SETH MEYE 159 W 53RD ST 32C NY NY 10019 ENTERTAINMENT FOR WISH BALL 115000 3 59997 2312776 8928553 2487560 11301326 WISH ASSIST FEES 900099 11325 11325 11325 243096 243096 184500 195726 -11226 -11226 -11226 1074354 2312776 1074354 0 41794 7692 34102 34102 REBATES 900099 19248 19248 19248 11597871 30573 0 265972 6489210 6489210 612639 92079 278433 242127 2197734 1089539 407618 700577 14455 9853 1473 3129 219666 103568 44382 71716 220808 95570 48759 76479 5850 2861 1126 1863 39223 19181 7547 12495 187011 75575 22465 88971 3392 2291 1101 212459 85636 10808 116015 28058 13721 5399 8938 300904 155330 51940 93634 43912 16491 1161 26260 79758 25206 9864 44688 9654 4721 1858 3075 66618 32725 11991 21902 NATIONAL DUES 355117 280542 35512 39063 PROMOTIONAL GIFT ITEMS 171000 86751 390 83859 BANK FEES 82531 3824 1479 77228 UNRECOVERABLE EXPENSE 29449 29449 0 0 2624 1158 1466 11372072 8715281 943671 1713120 X 17858 8929 0 8929 1685486 2121369 1180202 913224 18847 22437 112842 79878 89208 143506 534001 369057 202376 164944 8047701 7333031 340705 341617 11677367 11120006 675040 962713 39530 56000 5071075 4914887 5785645 5933600 X 992706 799068 1983478 1352831 2915538 3034507 5891722 5186406 11677367 11120006 X 225799 -921865 -9250 X 0 1 X 1 0 X 8939838 9761501 9850889 10155964 11301326 50009518 8939838 9761501 9850889 10155964 11301326 50009518 548982 49460536 126118 137402 172877 211290 243096 890783 821719 1030522 825994 926492 1135396 4740123 55640424 42300 0.88890 0.88980 X PART II, LINE 10 - OTHER INCOME DESCRIPTION 2010 2011 2012 2013 2014 GROSS FUNDRAISING REV. 821,140 1,014,720 784,486 886,130 1,074,354 GROSS GAMING REVENUE - - 37,031 40,348 41,794 OTHER INCOME 579 15,802 4,478 14 19,248 TOTAL $821,719 $1,030,522 $825,995 $926,492 $1,135,396 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3564256 140000 -296124 135000 22250 3250882 3259920 25000 433386 0 137000 17050 3564256 3151528 50000 151722 0 86000 7330 3259920 2989773 58965 183450 0 76000 4660 3151528 2678164 86140 293445 0 65000 2976 2989773 1.00000 0 0 8539 1067 7472 525462 367990 157472 164944 ACCRUED PENDING WISH COSTS 4712861 DEFERRED RENT 159404 CAPITAL LEASE OBLIGATIONS 24707 DUE TO CHAPTERS 17915 4914887 X 12765400 -921865 2128617 1206752 11558648 39223 39223 11597871 13470716 2128617 9250 2137867 11332849 39223 39223 11372072 PART V, LINE 4: PERMANENTLY RESTRICTED ENDOWMENT FUND INCOME IS EXPENDABLE TO SUPPORT WISH GRANTING. PART X, LINE 2: MANAGEMENT BELIEVES THAT NO SUCH UNCERTAIN TAX POSITIONS EXIST FOR THE FOUNDATION AT AUGUST 31, 2015. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 9,250. WISH BALL 2309434 1592945 716489 42698 179364 154362 340065 GOLF OUTING 429832 252208 177624 52617 350 124657 7 647864 467623 180241 29600 31243 11894 107504 3387130 2312776 1074354 124915 210607 166606 572226 1074354 0 41794 2750 4942 1 0.50000 41794 2750 4942 7692 34102 IL 1 0 0 0 0.00000 1.00000 ANDREA SUDERSKI 640 N LASALLE DR SUITE 280 CHICAGO IL 606543754 0 ANDREA SUDERSKI 1000 PROVIDES OVERSIGHT FOR RECORDKEEPING, DEPOSITS, COMPLIANCE WITH FEDERAL, STATE, AND LOCAL REGULATIONS, AND ALL EMPLOYEES AND VOLUNTEERS ASSISTING WITH GAMING. X 0 PART III, LINE 16 GAMING MANAGER INFORMATION GAMING IS CO-MANAGED BY TWO EMPLOYEES, ANDREA SUDERSKI, ACCOUNTING MANAGER, AND DEBBIE PURCELL, SIGNATURE EVENTS MANAGER. THEY PROVIDE OVERSIGHT FOR RECORDKEEPING, DEPOSITS, COMPLIANCE WITH FEDERAL, STATE AND LOCAL REGULATIONS, AND ALL EMPLOYEES AND VOLUNTEERS ASSISTING WITH GAMING. COMPENSATION ALLOCABLE TO GAMING IS $2,000 TOTAL OR APPROXIMATELY $1,000 EACH. 1 0 0 WISHES 667 1106051 5383159 FMV TRAVEL, M&E, SUPPLIES PART I, LINE 2: THE ORGANIZATION DOES NOT PROVIDE CASH GRANTS TO INDIVIDUALS, BUT RATHER GRANTS WISHES TO SELECTED BENEFICIARIES THAT MEET THE SPECIFIC CRITERIA FOR THE WISH GRANTING PROGRAM. THE ORGANIZATION GENERALLY ALLOCATES FUNDS DIRECTLY TO THE VENDORS FOR THE WISH EXPENSES. HOWEVER, CASH ASSISTANCE IN THE FORM OF PREPAID CARDS IS PROVIDED TO WISH CHILDREN AND THEIR FAMILIES TO COVER CERTAIN EXPENSES FOR SOME WISH TYPES, PRIMARILY TRAVEL STIPENDS FOR TRAVEL WISHES (E.G. MEALS, TIPS, GAS ,ETC.). THE PURPOSE AND AMOUNT OF ASSISTANCE IS COMMUNICATED TO THE WISH FAMILY PRIOR TO THE ISSUANCE OF THE PREPAID CARD SO THAT THE FAMILY IS AWARE OF THE INTENDED USE FOR THE FUNDS. PART III GRANTS AND OTHER ASSISTANCE OF $6,489,210 INCLUDES $6,559,738 FOR THE 704 WISHES GRANTED IN FISCAL YEAR 2015 MINUS A $70,528 DECREASE IN THE LIABILITY FOR ACCRUED PENDING WISH COSTS FROM AUGUST 31, 2014. THE FOUNDATION HAD 37 FEWER ACCRUED PENDING WISHES AT AUGUST 31, 2015 THAN HAD BEEN RECORDED AT AUGUST 31, 2014. THE NUMBER OF GRANT RECIPIENTS SHOWN OF 667 REPRESENTS THE 704 WISHES GRANTED FOR THE FISCAL YEAR ENDED AUGUST 31, 2015 MINUS THE 37 FEWER ACCRUED PENDING WISHES. X X X X 0 0 0 0 0 0 0 1 0 STEPHANIE SPRINGS CHIEF EXECUTIVE OFFICER 213255 0 26796 0 1465 0 3377 0 21767 0 266660 0 0 0 DARYL THOMANN CHIEF OPERATING OFFICER 151720 0 6051 0 124 0 2295 0 11336 0 171526 0 0 0 HEATHER SIMPSON CHIEF DEVELOPMENT OFFICER 153180 0 3885 0 192 0 0 0 3666 0 160923 0 0 0 PART I, LINE 7 EXECUTIVE BONUSES ARE DISCRETIONARY AND ARE PROVIDED UPON APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR BOTH THE CEO AND LEADERSHIP TEAM BASED ON ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE, INCLUDING ACHIEVEMENT OF KEY FINANCIAL AND OPERATIONAL METRICS. X 10 97437 COST/SELLING PRICE X MEAL/ACTIVITY 310 1446142 COST/SELLING PRICE X EVENT AUCTION 777 365398 COST/SELLING PRICE X MERCHANDISE 963 290309 COST/SELLING PRICE X AIR TRAVEL 128 288274 COST/SELLING PRICE 0 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN B FOR "MEALS & ACTIVITIES AND "AIR TRAVEL" IS THE NUMBER OF WISHES FOR WHICH CONTRIBUTIONS WERE APPLIED. THERE WERE MANY DONORS WHO MADE CONTRIBUTIONS OF VARIOUS AMOUNTS. THEIR CONTRIBUTIONS ARE POOLED AND USED TO SUPPORT TRAVEL RELATED WISHES. THE NUMBER IN COLUMN B FOR OTHER CATEGORIES IS THE NUMBER OF CONTRIBUTIONS AS LISTED BY DATE OF CONTRIBUTION. PART I, LINE 32B: THE FOUNDATION USES A BROKERAGE FIRM TO SELL DONATED SECURITIES. FORM 990 PART I, LINE 1 THE MAKE-A-WISH FOUNDATION OF ILLINOIS GRANTS THE WISHES OF CHILDREN WITH LIFE-THREATENING MEDICAL CONDITIONS TO ENRICH THE HUMAN EXPERIENCE WITH HOPE, STRENGTH AND JOY. FORM 990 PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS IN THE PAST YEAR, THE ORGANIZATION FULFILLED THE WISHES OF 704 CHILDREN IN ILLINOIS. SINCE INCEPTION, THE ORGANIZATION HAS GRANTED OVER 13,000 WISHES. A STRONG MEDICAL OUTREACH AND COMMUNITY PRESENCE PROGRAM, AS WELL AS STAFF THAT WORK DIRECTLY IN THE COMMUNITY, HELPS THE FOUNDATION MAINTAIN STRONG TIES WITH INDIVIDUALS, COMMUNITY GROUPS, HOSPITALS, AND CORPORATIONS THROUGHOUT OUR TERRITORY. TOTAL EXPENSE OF $13,466,466 WAS INCURRED THIS YEAR TO FULFILL OUR MISSION PER THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. OF THIS AMOUNT, $2,081,462 (6%) FOR DONATED SERVICES AND USE OF FACILITIES IS NOT REPORTABLE IN FORM 990 AND IS EXCLUDED FROM REVENUE AND EXPENSE (SEE SCHEDULE D PARTS XI AND XII). THE AMOUNT NOT REPORTED IS CRITICAL TO WISH GRANTING AND INCLUDES DONATED LODGING AND OTHER TRAVEL SERVICES FOR WISHES. FORM 990, PART I, SUMMARY LINE 5 AND PART V LINE 2A EMPLOYEES THE NUMBER OF EMPLOYEES REPORTED ON THE 2014 FORM W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS WAS 58, WHICH REPRESENTS ANY INDIVIDUAL COMPENSATED THROUGH PAYROLL DURING SOME POINT IN THE FISCAL YEAR. THERE WERE 44 EMPLOYEES AS OF AUGUST 31, 2015. FORM 990, PART VI, SECTION A, LINE 4 SIGNFICANT CHANGES TO GOVERNING DOCUMENTS IN OCTOBER 2014, THE BOARD OF DIRECTORS APPROVED A CHANGE TO THE BYLAWS TO INCREASE THE MINIMUM NUMBER OF DIRECTORS FROM 9 TO 15. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCESS THE BOARD OF DIRECTORS DELEGATES THE REVIEW OF THE FORM 990 TO THE FINANCE COMMITTEE. THE ORGANIZATION'S CHIEF OPERATING OFFICER AND ACCOUNTING MANAGER WORKED CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM IT ENGAGED, DELOITTE LLP, TO PREPARE THE RETURN. THE FINAL FORM 990 WAS REVIEWED BY THE CEO AND FINANCE COMMITTEE AND DISCUSSED WITH FINANCE STAFF AND DELOITTE. THE FINANCE COMMITTEE VOTED TO APPROVE THE FORM FOR FILING. SUBSEQUENT TO ITS REVIEW, THE FINANCE COMMITTEE REPORTED BACK TO THE BOARD REGARDING ITS OVERSIGHT OF THE FORM 990 AND A COMPLETE COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE ENTIRE VOTING BOARD BEFORE THE RETURN WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: MONITORING AND ENFORCEMENT THE FOUNDATION HAS A CODE OF ETHICS AND CONFLICT OF INTEREST POLICY, APPROVED BY THE BOARD OF DIRECTORS. THIS POLICY DEFINES WHAT IS CONSIDERED TO BE A CONFLICT OF INTEREST, THE PROCESS THAT BOARD OFFICERS, BOARD MEMBERS, EMPLOYEES, AND VOLUNTEERS SHOULD UNDERTAKE IF THEY BELIEVE THEY MAY HAVE A CONFLICT OF INTEREST, AND THE RESOLUTION PROCESS. THIS POLICY INCORPORATES STANDARDS DEVELOPED BY THE MAKE-A-WISH FOUNDATION OF AMERICA TO HAVE AN ANNUAL CONFLICT OF INTEREST ASSURANCE STATEMENT SIGNED BY EACH OF THESE INDIVIDUALS. IT ADDITIONALLY REQUIRES BOARD OFFICERS, BOARD MEMBERS, AND EMPLOYEES TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, TO MORE PROACTIVELY PROMPT FOR IDENTIFICATION OF POTENTIAL CONFLICTS. ASSURANCE AND DISCLOSURE STATEMENTS MUST BE SIGNED UPON DATE OF HIRE, ELECTION, OR COMMENCEMENT OF VOLUNTEER SERVICE, AND AT LEAST ANNUALLY THEREAFTER. THE SIGNED STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE VOLUNTEER COORDINATOR. REVIEW OF THE STATEMENTS IS MONITORED BY THE CHIEF OPERATING OFFICER AND CHIEF EXECUTIVE OFFICER. THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST BEGIN WITH FORWARDING THE ISSUE FOR HANDLING TO THE DESIGNATED AUTHORITY (E.G. CEO FOR EMPLOYEE AND VOLUNTEER ISSUES, BOARD CHAIR OR COMMITTEE CHAIR FOR BOARD MEMBERS). THE DESIGNATED AUTHORITY WILL DETERMINE THE NATURE OF THE CONFLICT VIA THE WRITTEN DISCLOSURE STATEMENT AS WELL AS ANY ADDITIONAL VERBAL OR WRITTEN COMMUNICATIONS WITH THE INTERESTED PERSON. THE DESIGNATED AUTHORITY HAS RESPONSIBILITY TO DETERMINE APPROPRIATE RESOLUTION. AS NOTED IN THE POLICY, ALL INTERESTED PERSONS HAVE A RESPONSIBILITY TO ACT BY COMPLETING AND SUBMITTING THE DISCLOSURE STATEMENT, AS WELL AS REFRAIN FROM TAKING ANY FURTHER ACTION ON BEHALF OF THE FOUNDATION PENDING CONCLUSION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A TOP MANAGEMENT OFFICIALS' COMPENSATION THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS ACCOUNTABLE FOR APPROVING THE CEO'S COMPENSATION PACKAGE. IT ALSO APPROVES THE INCENTIVE TERMS FOR THE LEADERSHIP TEAM, WHICH CONSISTS OF THE CHIEF OPERATING OFFICER, CHIEF DEVELOPMENT OFFICER, DIRECTOR OF PROGRAM SERVICES, AND MARKETING DIRECTOR. THE EXECUTIVE COMMITTEE IS COMPRISED SOLELY OF INDEPENDENT DIRECTORS, NONE OF WHOM HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE CEO'S COMPENSATION PACKAGE AND LEADERSHIP TEAM INCENTIVE TERMS. CONSISTENT WITH THE ORGANIZATION'S PHILOSOPHY AND PRINCIPLES, THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL PERFORMANCE GOALS AND CRITERIA TO BE USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA FOR THE CEO. THE COMPENSATION COMMITTEE IS APPOINTED BY THE EXECUTIVE COMMITTEE AND IS TASKED WITH MAKING A RECOMMENDATION TO THE EXECUTIVE COMMITTEE ON THE TOTAL COMPENSATION PACKAGE FOR THE CEO, INCLUDING MERIT INCREASES AND INCENTIVE PAYOUTS BASED UPON PERFORMANCE IN THE GIVEN FISCAL YEAR. ADDITIONALLY, THIS COMMITTEE DETERMINES WHETHER THE LEADERSHIP TEAM MAY BE ELIGIBLE FOR AN INCENTIVE PAYOUT BASED UPON THE RECOMMENDATION FROM THE CHIEF EXECUTIVE OFFICER FOR SUCH COMPENSATION. THE COMPENSATION COMMITTEE CONSISTS OF AT LEAST 3 BOARD MEMBERS AND A QUALIFIED INDEPENDENT COMPENSATION AND BENEFITS PROFESSIONAL FROM THE HAY GROUP ("INDEPENDENT PROFESSIONAL"). THE COMPENSATION COMMITTEE REVIEWS AND ANALYZES THE CEO'S TOTAL COMPENSATION PACKAGE. APPROPRIATE COMPARABILITY DATA IS OBTAINED FROM THE INDEPENDENT PROFESSIONAL (I.E. TOTAL COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS (BOTH TAXABLE AND TAX-EXEMPT) FOR SIMILAR JOB "RESPONSIBILITIES.") THIS DATA WAS LAST UPDATED IN 2013. THE EXECUTIVE COMMITTEE'S WRITTEN RECORDS RELATED TO COMPENSATION INCLUDE: 1) THE TERMS OF THE COMPENSATION ARRANGEMENTS; 2) A DESCRIPTION OF THE COMPARABLE DATA RELIED UPON BY THE EXECUTIVE COMMITTEE; AND 3) DOCUMENTATION OF THE COMPENSATION DECISIONS MADE BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -9,250.