2015-08-13T13:43:35-05:00 2014-09-30 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2013-10-01 530259663 MERIDIAN INTERNATIONAL CENTER % KURT SODEE MERI 2026676800 1630 Crescent Place NW Suite Washington DC 20009 Kurt Sodee Chief Financial Officer 2026676800 2015-08-13 true Mary Torretta P00847851 2026676800 2013 2016-02-25 16:41:14Z Stuart Holliday 1630 Crescent Place NW Washington DC 20009 34053466 false X www.meridian.org X 1960 DC The organization specializes in intercultural exchange programs, strengthens US engagement through exchange, and provides a neutral forum for int'l collaboration. 32 32 139 32 0 28834612 31144448 545622 543938 180196 377365 476332 726632 30036762 32792383 50000 0 0 0 8752512 9148054 142362 101315 984968 22580149 23540806 31525023 32790175 -1488261 2208 16508185 17456459 9864055 10886060 6644130 6570399 X See Schedule O false false 15742714 See Schedule O 7911268 16614 See Schedule O 693830 162901 See Schedule O 2959946 364423 27307758 true true false false false false false true false true true false false true false true true false false true true false false true true false false false false true false false false false false false false false true false false false true false false false false true 265 0 true 139 true false false false false false true true false false false false X 32 32 false false false false false false false true true false false true true true true true true true true false AL AK AZ AR CA CO CT DC 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 KURT SODEE 2029395532 1630 CRESCENT PLACE NW Washington DC 20009 X HON CARLOS M GUTIERREZ TRUSTEE 1.0 X 0 0 0 HON PATRICIA de STACY HARRISON TRUSTEE 1.0 X 0 0 0 MR CHARLES H CAMP TRUSTEE 1.0 X 0 0 0 MR ART COLLINS TRUSTEE 1.0 X 0 0 0 AMBASSADOR DAVID A GROSS TRUSTEE 1.0 X 0 0 0 HON TOM C KOROLOGOS TRUSTEE 1.0 X 0 0 0 MR STEVE LEBLING TRUSTEE 1.0 X 0 0 0 MR JEFFREY MALINAK TRUSTEE 1.0 X 0 0 0 HON MARY M OURISMAN TRUSTEE 1.0 X 0 0 0 HON MEREDITH ATTWELL BAKER TRUSTEE 1.0 X 0 0 0 MS JANET BLANCHARD TRUSTEE 1.0 X 0 0 0 MR JON CLIFTON TRUSTEE 1.0 X 0 0 0 MR MATT ECHOLS TRUSTEE 1.0 X 0 0 0 HON ALONZO L FULGHAM TRUSTEE 1.0 X 0 0 0 HON LAURIE S FULTON TRUSTEE 1.0 X 0 0 0 MR NEAL GOINS PHD TRUSTEE 1.0 X 0 0 0 MRS MARIA PICA KARP TRUSTEE 1.0 X 0 0 0 MS JANET LAMKIN TRUSTEE 1.0 X 0 0 0 MR STANLEY S LITOW TRUSTEE 1.0 X 0 0 0 MS HONGXIA LIU TRUSTEE 1.0 X 0 0 0 MR DREW MALONEY TRUSTEE 1.0 X 0 0 0 MRS MICHELE A MANATT TRUSTEE 1.0 X 0 0 0 MR DAVID METZNER TRUSTEE 1.0 X 0 0 0 MR EVAN MORRIS TRUSTEE 1.0 X 0 0 0 MRS LISA B NELSON TRUSTEE 1.0 X 0 0 0 MS MARY O'CONNOR TRUSTEE 1.0 X 0 0 0 MR NELS B OLSON TRUSTEE 1.0 X 0 0 0 MR MARK J PENN TRUSTEE 1.0 X 0 0 0 MR MICHAEL PICKRUM TRUSTEE 1.0 X 0 0 0 MRS MARIE ROYCE TRUSTEE 1.0 X 0 0 0 MR RODNEY E SLATER TRUSTEE 1.0 X 0 0 0 MRS JILL COOPER UDALL TRUSTEE 1.0 X 0 0 0 MS DEBORAH TAYLOR ASHFORD ESQ TRUSTEE 1.0 X 0 0 0 Gov James Blanchard Trustee 1.0 X 0 0 0 Hon Christopher Burnham Trustee 1.0 X Richard L Thompson Trustee 1.0 X Ben R Leedle Trustee 1.0 X Sarah E Alexander Trustee 1.0 X Ricardo Ernst PHD Trustee 1.0 X Rudyard Griffiths Trustee 1.0 X STUART HOLLIDAY PRESIDENT 40.0 X 270970 0 47797 SALVATORE PAPPALARDO COO / EXECUTIVE VP 40.0 X 204713 0 10168 KURT SODEE CFO / SR. VICE PRESIDENT 40.0 X 195869 0 32972 GREGORY HOUSTON SR. VICE PRESIDENT 40.0 X 168459 0 22357 SUSAN CABIATI SR. VICE PRESIDENT 40.0 X 146935 0 22465 JUAN FONSECA OPERATIONS MANAGER 40.0 X 101666 0 21738 CARLOTTA LEE SR. VICE PRESIDENT 40.0 X 121626 0 24807 CURTIS SANDBERG SR. VICE PRESIDENT 40.0 X 119444 0 27965 1329682 0 210269 8 false true false Awards Limousine Services Inc One Bethesda Metro Center BETHESDA MD 20817 TRANSPORTATION 454340 Limbach Company 13261 Mid Atlantic Blvd LAUREL MD 20708 CONSTRUCTION 273018 Prime Transportation Services 6815 Coolridge Drive CAMP SPRINGS MD 20748 TRANSPORTATION 164539 Archetype 2320 19th Street NW 202 WASHINGTON DC 20009 CONSULTANT 102330 CBlaney Group 150 BROADWAY 1011 NEW YORK NY 10038 FUNDRAISER 101315 6 754060 27506275 2884113 280921 31144448 PROGRAM FEES & ACTIVITIES 900099 543938 543938 543938 109902 109902 0 2700 2700 563935 563935 0 563935 563935 1007610 740147 267463 267463 267463 411665 754060 520936 -109271 -109271 0 0 MISCELLANEOUS REFUNDS 900099 269268 269268 269268 32792383 543938 1103997 X 0 0 0 0 1387500 528909 690132 168459 0 6270781 4466578 1479030 325173 431691 277224 124238 30229 506773 312838 159264 34671 551309 388508 130809 31992 0 76364 76364 148375 23450 124925 0 101315 101315 34214 34214 2982299 2686666 202100 93533 17160 2379 14781 797138 503269 187442 106427 98555 72527 20946 5082 0 406638 38727 357158 10753 17242428 17218053 17016 7359 0 911104 777576 68865 64663 190013 190013 0 412599 412599 116744 9858 106886 MEMBERSHIP 46426 1196 39918 5312 BAD DEBT EXPENSE 60749 60749 32790175 27307758 4497449 984968 4264 2900 1906556 1776910 292190 51327 2419382 2547145 0 0 0 0 0 0 0 0 515835 454550 14861921 9234595 6416223 5627326 4953735 5940364 0 0 0 0 0 0 0 1055937 16508185 17456459 3455225 2821552 0 0 2631261 4122700 0 0 0 0 0 0 2351544 2239830 1426025 1701978 0 0 9864055 10886060 X 5794116 5730497 166407 156295 683607 683607 6644130 6570399 16508185 17456459 2208 -75939 X false true X true true true X 30777628 30569863 34521391 28834612 31144448 155847942 0 0 30777628 30569863 34521391 28834612 31144448 155847942 0 155847942 687045 737391 711287 609020 676537 3421280 0 2983 92557 67515 -19396 159997 303656 159572878 2375702 0.97666 0.98040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249849 X X false 4953735 721000 299843 34214 5940364 4346880 641887 3757 31275 4953735 3875983 573232 69278 33057 4346880 4110337 16847 -15288 200000 35913 3875983 3797353 348469 35485 4110337 0.85861 0.11508 0.02631 false false 735695 735695 1100065 1095240 4825 8481096 5163623 3317473 2849383 2653655 195728 1695682 322077 1373605 5627326 PROPERTY HELD FOR SALE 1055937 1055937 0 0 X 33298601 -75939 61221 -14718 33313319 -520936 -520936 32792383 33372332 61221 520936 582157 32790175 32790175 Description of Organization's Collections Schedule D, Part III, Line 4 The collection of artwork and antiques is maintained in Meridian's historical house. It is available for public exhibition upon request and is being preserved for future generations. Intended Uses of Endowment Funds Schedule D, Part V, Line 4 TO PROVIDE FOR CONTINUED FUTURE OPERATIONS OF THE ORGANIZATION'S LONG TERM ACTIVITIES. Liability for Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 Meridian is recognized as exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code ("IRC") and is classified as an organization that is not a private foundation as defined in Section 509(a) of the IRC. No material taxable unrelated business income was generated and, accordingly, no provision for income taxes has been made in the accompanying financial statements. Meridian follows the accounting guidance that creates a single model to address uncertainty in tax positions and clarifies accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in its financial statements. Under the requirements of this guidance, organizations could now be required to record an obligation as the result of tax positions they have historically taken on various tax exposure items. Meridian is not required to record such an obligation. Other Revenue on Books But Not on Return Schedule D, Part XI, Line 4B Special Event Expenses $(520,936) Other Expenses on Books but not on Return Schedule D, Part XII, Line 2D Special Event Expenses $520,936 Europe (Including Iceland and Greenland) 2 Program Services Global Leadership 3351 Middle East and North Africa 7 Program Services Global Leadership 31539 East Asia and the Pacific 4 Program Services Attend Seminars 5384 Sub-Saharan Africa 10 Program Services Global Leadership 16622 South Asia 1 Program Services Community Engagement 2696 24 24 59592 59592 false false false false false false X X X X X X X true CBlaney Group 150 Broadway 1011 New York NY 10038 Consult false 651450 101315 550135 651450 101315 550135 AL AK AZ AR CA CO CT DC 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 Meridian Ball 955225 553460 401765 37750 321435 8545 33081 Awards Dinner 210500 200600 9900 17405 64908 37812 0 1165725 754060 411665 55155 386343 8545 70893 520936 -109271 Addresses of Individual or Entity Fundraisers Schedule G, Part I, Line 4B, Column I Name: CBlaney Group Address: 150 Broadway #1011 New York, NY 10038 X true true X X X X false false false false false false false false false STUART HOLLIDAY PRESIDENT 270970 0 0 0 0 0 26785 0 21012 0 318767 0 0 0 SALVATORE PAPPALARDO COO / EXECUTIVE VP 204713 0 0 0 0 0 0 0 10168 0 214881 0 0 0 KURT SODEE CFO / SR. VICE PRESIDENT 195869 0 0 0 0 0 19398 0 13574 0 228841 0 0 0 SUSAN CABIATI SR. VICE PRESIDENT 146935 0 0 0 0 0 13939 0 8526 0 169400 0 0 0 GREGORY HOUSTON SR. VICE PRESIDENT 168459 0 0 0 0 0 16575 0 5782 0 190816 0 0 0 Health or social club dues or initiation fees Schedule J, Part I, Line 1a The CEO of Meridian International Center belongs to the Metropolitan Club and Young Presidents' Organization which is allowed per his employment contract and approved by the Board of Trustees because it has been determined that membership serves a business purpose and is tied to the CEO's role and responsibilities at the organization. X 28 200075 FMV X Merchandise for programs 7 80846 FMV false true false Organization's Mission Form 990, Part III, Line 1 MERIDIAN INTERNATIONAL CENTER'S MISSION IS TO CREATE INNOVATIVE EXCHANGE, EDUCATION, CULTURAL, AND POLICY PROGRAMS THAT ADVANCE THREE GOALS: - STRENGTHEN U.S. ENGAGEMENT WITH THE WORLD THROUGH THE POWER OF EXCHANGE - PREPARE PUBLIC AND PRIVATE SECTOR LEADERS FOR A COMPLEX GLOBAL FUTURE - PROVIDE A NEUTRAL FORUM FOR INTERNATIONAL COLLABORATION ACROSS SECTORS Program Service Activity #1 FORM 990, PART III, LINE 4A INTERNATIONAL VISITOR LEADERSHIP PROGRAM (IVLP) - THIS PROGRAM, WHICH DATES BACK TO THE 1940S, IS MERIDIAN'S LARGEST AND LONGEST RUNNING GOVERNMENT GRANT. WORKING WITH THE U.S. STATE DEPARTMENT'S BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS, MERIDIAN ANNUALLY INTRODUCES ABOUT 1,500 INDIVIDUALS, WHO ARE EMERGING LEADERS IN DIVERSE PROFESSIONAL FIELDS SUCH AS GOVERNMENT, POLITICS, MEDIA, EDUCATION, THE ARTS AND THE NOT-FOR-PROFIT SECTOR, TO THE UNITED STATES. MERIDIAN IS RESPONSIBLE FOR PREPARING THE CONTENT OF THE VISITORS' PROGRAMS, INCLUDING RELEVANT MEETINGS AND EVENTS, CULTURAL ACTIVITIES, AND LOGISTICAL ASPECTS SUCH AS TRAVEL AND LODGING. THE THEMES AND TOPICS OF MERIDIANS PROGRAMS IN FISCAL YEAR 2014 WERE DIVERSE AND INCLUDED, AMONG OTHERS: WOMEN LEADERS, EDUCATION, YOUTH, ENTREPRENEURSHIP, CIVIL SOCIETY, FOREIGN POLICY, JUDICIAL SYSTEM, JOURNALISM, MEDIA, ENVIRONMENT, ANTI-CORRUPTION, TRAFFICKING IN PERSONS, VOLUNTEERISM, HUMAN AND CIVIL RIGHTS, POLITICAL PROCESS, ARTS, ENERGY, DOMESTIC VIOLENCE, TERRORISM, TRADE, DISABILITY ADVOCACY AND LAW ENFORCEMENT. THE YEARS HIGHLIGHTS FEATURED MULTI-REGIONAL PROJECTS ON AMERICAN YOUTH, VOLUNTEERISM IN THE U.S., CIVIC LEADERSHIP IN ACTION, PROMOTING SOCIAL CHANGE THROUGH THE ARTS AND EDUCATION AND ACTIVISM FOR YOUNG WOMEN. ALSO FEATURED WERE REGIONAL PROJECTS ON COUNTERING VIOLENT EXTREMISM (EUROPE), MINORITY PARTICIPATION IN THE POLITICAL PROCESS (WESTERN HEMISPHERE), WOMEN LEADERS: PROMOTING PEACE AND SECURITY (NEAR EAST), WOMENS INNOVATION IN SCIENCE AND ENGINEERING (NEAR EAST & SOUTH ASIA) AND HUMAN AND CIVIL RIGHTS FOR THE LGBT COMMUNITY (WESTERN HEMISPHERE). MERIDIAN'S ALUMNI INCLUDE 168 FORMER AND CURRENT HEADS OF STATE. Program Service Activity #2 FORM 990, PART III, Line 4B GLOBALCONNECT: CUSTOMIZED EXCHANGE PROGRAMS. IN 2014, MERIDIAN PARTNERED WITH U.S. EMBASSIES, LOCAL AND INTERNATIONAL NON-GOVERNMENTAL ORGANIZATIONS, FOREIGN GOVERNMENTS, AND PRIVATE SECTOR ORGANIZATIONS TO IMPLEMENT OVER 250 CUSTOMIZED PROGRAMS AND PROJECTS BRINGING HIGH POTENTIAL LEADERS FROM AROUND THE WORLD TO THE UNITED STATES TO INTERACT WITH U.S. COUNTERPARTS, TO LEARN FROM MENTORS, AND TO RETURN TO THEIR HOME COUNTRIES TO MAKE THEIR IMPACT IN THE BUSINESS, POLITICAL, AND SOCIAL SECTORS. ADDITIONALLY, NEARLY 100 LEADERS FROM THE UNITED STATES TRAVELED ABROAD TO MEET WITH, TO TRAIN, AND TO LEARN FROM FOREIGN COUNTERPARTS. THROUGH EXCHANGE, PERSPECTIVES ARE BROADENED, LEADING TO BETTER DECISIONS AND STRONGER RELATIONSHIPS IN THE WORLD. GLOBALCONNECT OFFERS A BROAD RANGE OF CUSTOMIZED PROGRAMS, INCLUDING TARGETED TRAINING PROGRAMS, ONLINE PLATFORMS FOR NETWORKING, AND FOLLOW-UP ACTIVITIES. MERIDIAN'S HIGHLIGHTS IN 2014 INCLUDE THE IRAQI YOUNG LEADERS EXCHANGE PROGRAM (IYLEP) FOCUSING ON LEADERSHIP DEVELOPMENT, CONFLICT RESOLUTION, AND COMMUNITY ENGAGEMENT FOR 124 IRAQI UNDERGRADUATE STUDENTS, AFGHAN DIPLOMAT TRAINING FOR 15 EARLY-CAREER DIPLOMATS, INTERNET FREEDOM FELLOWS WHO EXPLORE THE IMPORTANCE OF A FREE INTERNET TO FUNDAMENTAL HUMAN RIGHTS, AND THE AFRICAN PROFESSIONAL FELLOWS PROGRAM BRINGING YOUNG ENTREPRENEURS TO THE UNITED STATES FOR MENTORING AND SENDING MENTORS TO AFRICA FOR FOLLOW ON PROGRAMMING. Program Service Activity #3 Form 990, Part III, Line 4C THE MERIDIAN CENTER FOR CULTURAL DIPLOMACY CREATES A PLATFORM FOR U.S. AND INTERNATIONAL AUDIENCES TO LEARN ABOUT NATIONS AROUND THE WORLD THROUGH CONFERENCES, TRAININGS, PEOPLE-TO-PEOPLE EXCHANGES, AND EXHIBITIONS. MCCD PROGRAMS EMPHASIZE SOCIALLY RELEVANT TOPICS AND IMPORTANT WORLD REGIONS, WHILE PROMOTING PARTNERSHIPS WITH LOCAL AND NATIONAL ORGANIZATIONS. MERIDIAN WORKS WITH EMBASSIES, MINISTRIES OF CULTURE, MUSEUMS, COLLECTORS, AND ARTISTS WORLDWIDE, AND OUR EXHIBITIONS HAVE REACHED OVER 380 HOST VENUES IN 44 U.S. STATES AND 57 COUNTRIES. IN ADDITION, MERIDIAN PARTNERS WITH THE INDEPENDENT TELEVISION SERVICE (ITVS) TO OFFER THE GLOBAL PERSPECTIVE FILM SERIES QUARTERLY SCREENINGS OF FILMS FOCUSED ON INTERNATIONAL CULTURAL ISSUES OF RELEVANCE FOLLOWED BY MODERATED DISCUSSIONS. USING EXHIBITIONS AS A FOCAL POINT, CULTURAL OUTREACH PROGRAMS DEEPEN THE IMPACT OF THE ARTWORKS AND PHOTOGRAPHS. AT THESE EVENTS, VISITING ARTISTS DISCUSS THEIR WORK, DANCERS DEMONSTRATE THEIR TRADITIONS, AND SPEAKERS OFFER ADDITIONAL INSIGHT INTO RELATIONSHIPS AMONG CULTURES. OUR EXCHANGES EMPHASIZE COMMUNITY ENGAGEMENT AND PROMOTING THE VISUAL AND PERFORMING ARTS AS EFFECTIVE TOOLS FOR POSITIVE SOCIAL CHANGE. MERIDIAN ALSO CONDUCTS EDUCATIONAL OUTREACH WITH D.C. AND MARYLAND-AREA SCHOOLS, SHARING DIVERSE WORLD CULTURES WITH K-12 STUDENTS. Other Program Services FORM 990, PART III, LINE 4D VISITOR SERVICES: In support of the U.S. Department of States (DOS) International Visitor Leadership Program, Meridian offers the following services for all Washington, DC-based National Program Agencies (NPAs): home hospitality arrangements for international visitors to experience family life through informal dinners and provide an understanding of our society and culture; Capitol Hill "Insider" tours conducted by Congressional staffers for a unique behind-the-scenes perspective and help with understanding the role of Congress; Federalism briefings which offer visitors a basic understanding of the U.S. system of government from an experienced academic or professional; and a daily messenger service between all the NPAs, Global Ties U.S. and the DOS. Additionally, this grant allows Meridian to: oversee and manage contractors who arrange local programs in New York City and supplement the full-time DOS staff at the New York Program Branch during periods of peak activity; and provide a dedicated staff member who supports ECAs On Demand Division by handling THE LOGISTICAL AND ADMINISTRATIVE WORK OF THEIR "IN-HOUSE" PROJECTS. Global Service Leaders (GSL) addresses community challenges through volunteerism by helping volunteer leaders strengthen their role as leaders and connect them to a global community of peers and mentors. GSL supports volunteers in their application of best practices, helps them develop important leadership skills, and provides them the network and resources to overcome inevitable challenges. Meridian offers focused, practical program services (such as conferences, classes, workshops, online forums, leadership exchanges, or study tours) to acquire the insights, skills, and tools needed to work effectively in the global environment. The programs benefit a wide range of individuals at all levels from corporations, small-businesses, NGOs, students, or government agencies, whose strategic or operational responsibilities extend across borders. Meridian programs prepare participants to manage global risks, understand the complex interplay of economic, political, social, and cultural forces that impact global competitiveness, establish a culture of innovation and adoption of best practices, and achieve strategic alliances and public-private partnerships. Meridian annually produces for than 100 roundtable discussions, conferences, seminars, programs, policy discussions, and other neutral forums that bring together the worlds top private and public sector leaders, and the diplomatic corps. Meridian hosts local programs as well, including "Warm Up, DC" campaign, an initiative of Meridian to honor the legacy and vision of Dr. Martin Luther King, Jr. Meridian also sponsors the Global Dialogue Series, These off the record conversations examine U.S. and international perspectives of policy challenges facing U.S. and world leaders. Description Grants Expenses Revenue Visitor Services 1,856,497 Global Service Leaders 55,100 Global Leadership Institute 690,863 55,237 Forums and other Public Programs 247,628 222,866 THIS 109,858 86,320 TOTALS 2,959,946 364,423 Form 990 Review Process Form 990, Part VI, Line 11b The 2013 Form 990 was prepared by an external public accounting firm and reviewed by the Director of Finance and CFO. The Form 990 is then forwarded to the audit and finance committee of the board for their review. Once reviewed and approved, the audit and finance committee recommended approval of the Form 990 to the executive committee. A copy of the Form 990 is made available to all members of the board of directors before the return is filed with the IRS. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE THEIR POTENTIAL CONFLICTS TO THE SENIOR MANAGEMENT PERSONS WHO ARE RESPONSIBLE FOR DETERMINING IF AN ACTUAL CONFLICT EXISTS. ACTUAL CONFLICTS ARE REPORTED TO THE BOARD OF TRUSTEES. THE SENIOR MANAGEMENT PERSONS HAVE REGULAR WEEKLY MEETINGS TO CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY. PERSONS WITH A CONFLICT ARE PROHIBITED FROM ALL DELIBERATIONS AND DECISIONS RELATED TO THE TRANSACTION. Process for Determining Compensation FORM 990, PART VI, LINE 15A & 15B FOR CEO, EXECUTIVE DIRECTORS OR TOP MANAGEMENT, COMPENSATION IS DETERMINED BY INDEPENDENT TRUSTEES THROUGH A COMPENSATION COMMITTEE, AND FOR OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED BY THE CFO AND HR DIRECTOR. CEO compensation is stated in their employment contract and is assessed for reasonableness by the aforementioned parties. Meridian's compensation committee reviews comparable salary information from other organizations, discusses its decision, and documents its decision in contemporaneous minutes. How Documents are made available to the public Form 990, Part VI, Line 19 FINANCIAL STATEMENTS, THE CONFLICT OF INTEREST POLICY AND THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Statement of Functional Expenses Form 990, Part IX, Line 25 IN THE FISCAL YEAR UNDER REVIEW, MERIDIAN CONTINUED TO STRENGTHEN INTERNAL OPERATIONS AND EXPAND MERIDIAN'S PROGRAMS TO FULFILL ITS MISSION AND TO EXPAND REVENUE STREAMS AND RELATIONSHIPS WITH NEW MARKET SEGMENTS. WHILE MERIDIAN'S CORE PROGRAMS CONTINUE TO OPERATE AT A BREAKEVEN LEVEL, ADDITIONAL PROGRAM capacity investments have LED TO lower returns FOR THE YEAR. THE FINANCIAL REPORTS AS CURRENTLY PRESENTED DO NOT FULLY REFLECT THE UNDERLYING STRENGTH AND VITALITY OF THE ORGANIZATION'S ROLE AS A KEY PARTNER OF THE U.S. GOVERNMENT OR THE VALUE OF THE ORGANIZATION'S TWO HISTORIC HOMES, THE MERIDIAN HOUSE AND THE WHITE-MEYER HOUSE, BOTH OF WHICH ARE OF NATIONAL SIGNIFICANCE ON THE NATIONAL REGISTER OF HISTORIC PLACES. MORE DETAILED INFORMATION ON PROGRAM SERVICES IS PRESENTED ABOVE. Meridian Global Leadership Institute 1630 Crescent Place NW Washington DC 20009 462612419 Education DC 0 0 mic