2015-05-14T16:07:26-05:00 2014-12-31 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2014-01-01 530116355 NATIONAL SOCIETY OF THE SONS OF THE AMERICAN REVOLUTION NATI 5025891776 809 WEST MAIN STREET LOUISVILLE KY 40202 DON SHAW EXECUTIVE DIRECTOR 5025891776 2015-05-14 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2014 2016-02-25 16:41:14Z X DON SHAW 809 WEST MAIN STREET LOUISVILLE KY 40202 4493540 0 0690 X WWW.SAR.ORG X 1906 DC TO EDUCATE THE PUBLIC ABOUT THE AMERICAN REVOLUTION AND FOSTER PATRIOTISM. 97 97 25 350 29893 0 3352889 1568011 327249 327758 55573 986785 155357 158665 3891068 3041219 2578 1143543 0 0 864350 905270 0 0 0 749090 902182 1616018 2950995 2275050 90224 13532443 14498480 376618 1402958 13155825 13095522 X TO EDUCATE THE MEMBERSHIP AND THE GENERAL PUBLIC ABOUT THE AMERICAN REVOLUTION AND ITS PATRIOTS AND TO FOSTER PATRIOTISM AND APPRECIATION OF AMERICAN FREEDOMS. 0 0 500761 331412 GENEALOGY VALIDATION - EVALUATE AND AUTHENTICATE CURRENT GENEALOGICAL RESEARCH AND DOCUMENTATION FOR USE BY FUTURE GENERATIONS. TRAIN MEMBERS AND OTHERS IN GENEALOGICAL RESEARCH METHODS. 350343 32895 SAR MAGAZINE- PUBLISHED QUARTERLY. ARTICLES DEAL WITH AMERICA'S HERITAGE AND PATRIOTISM. PURPOSE IS EDUCATIONAL AND INFORMATIONAL. 1416040 1143543 2313 GENEALOGICAL LIBRARY AND MUSEUM- DISPLAY WORKS OF ART, MEMORABILIA, BOOKS, PERIODICALS, AND OTHER DOCUMENTS AND COLLECTIONS TO EDUCATE THE MEMBERSHIP AND GENERAL PUBLIC. 112405 ORATIONS, ESSAY, AND OTHER AWARDS SPONSORED TO PROMOTE THE DEVELOPMENT OF PATRIOTISM IN THE ADULTS AND YOUTH OF THE COUNTRY. 340812 87819 OUTREACH EDUCATION - SUPPORT MEMBER ACTIVITIES WITHIN THE EDUCATION COMMUNITY AND PROVIDE RESOURCES, ALONG WITH IMPLEMENTATION, THAT INCLUDE EDUCATIONAL PROGRAMS AND HANDS ON ACTIVITIES. ALSO CONDUCTS THE ANNUAL CONFERENCE ON THE AMERICAN REVOLUTION. 453217 87819 2720361 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 9 0 1 25 1 1 1 0 0 0 0 0 0 0 0 0 X 97 97 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 KY DC X X THE ORGANIZATION 5025891776 809 WEST MAIN STREET LOUISVILLE KY 40202 LINDSEY COOK BROCK PRESIDENT GENERAL 14-15 30.00 3.00 X X 0 0 0 JUDGE THOMAS EUGENE LAWRENCE SECRETARY GENERAL 14-15 15.00 3.00 X X 0 0 0 J MICHEAL TOMME SR TREASURER GENERAL 14-15 15.00 3.00 X X 0 0 0 JOHN LINSON DODD CHANCELLOR GENERAL 14-15 5.00 X X 0 0 0 COL LARRY PATRICK CORNWELL GENEALOGIST GENERAL 13-14 15.00 X X 0 0 0 JOHN D SINKS GENEALOGIST GENERAL 14-15 15.00 X X 0 0 0 ROBERT FORREST TOWNS HISTORIAN GENERAL 5.00 X X 0 0 0 MICHAEL CHARLES WELLS LIBRARIAN GENERAL 13-14 10.00 X X 0 0 0 C BRUCE PICKETTE LIBRARIAN GENERAL 14-15 20.00 X X 0 0 0 LARRY T GUZY REGISTRAR GENERAL 14-15 10.00 X X 0 0 0 DR ABRAHAM RUDDELL BYRD III SURGEON GENERAL 5.00 X X 0 0 0 DR EDWARD PAUL RIGEL SR SURGEON GENERAL 14-15 20.00 X X 0 0 0 RT REV LOUIS VICTOR CARLSON JR OST CHAPLAIN GENERAL 13-14 1.00 X X 0 0 0 REV DR RANDY D MOODY CHAPLAIN GENERAL 14-15 10.00 X X 0 0 0 WARREN M ALTER INSPECTOR GENERAL 14-15 2.00 X X 0 0 0 COL RONALD EDWARD MCROBERTS VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 EUGENE DAVID MELVIN VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 FRANK MICHAEL MCGONIGLE VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 JAMES ANDREW MOROCK SR MD VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 JAMES TILLMAN JONES VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 JOSEPH CHARLES CONGER VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 LANCE CARTER VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 LT COL H CHARLES BROWN VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 REV DR RANDY DWIGHT MOODY VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 ROBERT DOWNING EBERT VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 SCOTT CARLTON SHEWMAKER VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 STEPHEN MATTHEW BALDWIN VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 WARREN MCCLURE ALTER VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 WILLIAM GENE TETER VICE PRESIDENT GENERAL 13-14 2.00 X X 0 0 0 AARON CHARLES KREBS AF VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 COL PETER K GOEBEL VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 COMTE JACQUES DE TRENTINIAN VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 DAVID T MANN VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 DOUGLAS T COLLINS VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 GEORGE DAVID THOMPSON VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 HON RICK D HOLLIS VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 JAMES MORRIS LINDLEY VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 JAMES TILLMAN JONES VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 JOHN THOMAS PARSONS VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 JOHN THOMAS SHOWLER VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 LT COL JOE E HARRIS JR VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 LTC COL DOUGLAS MCDONALD WOOD VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 MARK C ANTHONY VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 STEPHEN R RENOUF VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 WM ANTHONY TONY ROBINSON VICE PRESIDENT GENERAL 14-15 2.00 X X 0 0 0 WILLIAM C GIST JR PRESIDENT GENERAL 95-96 1.00 X X 0 0 0 PROF CARL K HOFFMANN PRESIDENT GENERAL 97-98 1.00 X X 0 0 0 HOWARD FRANKLYN HORNE JR PRESIDENT GENERAL 99-00 1.00 X X 0 0 0 LARRY DUNCAN MCCLANAHAN PRESIDENT GENERAL 01-02 10.00 X X 0 0 0 RAYMOND GERALD MUSGRAVE PRESIDENT GENERAL 03-04 1.00 X X 0 0 0 HENRY N MCCARL PHD PRESIDENT GENERAL 04-05 1.00 X X 0 0 0 ROLAND GRANVILLE DOWNING PHD PRESIDENT GENERAL 05-06 1.00 X X 0 0 0 NATHAN EMMETT WHITE JR PRESIDENT GENERAL 06-07 1.00 X X 0 0 0 GEN BRUCE A WILCOX PRESIDENT GENERAL 07-08 1.00 X X 0 0 0 COL DAVID NELS APPLEBY PRESIDENT GENERAL 08-09 1.00 X X 0 0 0 HON EDWARD FRANKLYN BUTLER SR PRESIDENT GENERAL 09-10 1.00 X X 0 0 0 JAMES DAVID SYMPSON PRESIDENT GENERAL 10-11 5.00 5.00 X X 0 0 0 LARRY JOHN MAGERKURTH PRESIDENT GENERAL 11-12 1.00 20.00 X X 0 0 0 STEPHEN ARTHUR LEISHMAN PRESIDENT GENERAL 12-13 1.00 1.00 X X 0 0 0 JOSEPH WILLIAM DOOLEY PRESIDENT GENERAL 13-14 35.00 5.00 X X 0 0 0 TIMOTHY EDWARD WARD EXECUTIVE COMMITTEE 13-14 10.00 X X 0 0 0 MARK S BRENNAN SR EXECUTIVE COMMITTEE 13-14 10.00 X X 0 0 0 JOHN THOMAS MANNING MED EXECUTIVE COMMITTEE 13-14 1.00 X 0 0 0 DAVIS LEE WRIGHT ESQ EXECUTIVE COMMITTEE 14-15 5.00 X X 0 0 0 WILLIAM OLIVER STONE EXECUTIVE COMMETTEE 14-15 25.00 X X 0 0 0 NATHAN EMMETT WHITE JR EXECUTIVE COMMETTEE 14-15 3.00 X X 0 0 0 STEPHEN R RENOUF EXECUTIVE COMMETTEE 14-15 5.00 X X 0 0 0 DR SAMUEL C POWELL EXECUTIVE COMMITTEE 14-15 5.00 25.00 X X 0 0 0 C LOUIS RABORG JR TRUSTEE 13-14 1.00 X 0 0 0 CDR GERALD PAGE BRENT USN TRUSTEE 13-14 1.00 X 0 0 0 CHARLES DAVID BETZNER PHD TRUSTEE 13-14 1.00 X 0 0 0 CHARLES NEWTON DAMMANN TRUSTEE 13-14 1.00 X 0 0 0 CLIFFORD CHARLES OLSEN II TRUSTEE 13-14 1.00 X 0 0 0 COL PETER KILIAN GOEBEL TRUSTEE 13-14 1.00 X 0 0 0 CURTIS WILSON POSEY JR TRUSTEE 13-14 1.00 X 0 0 0 DAVIS LEE WRIGHT ESQ TRUSTEE 13-14 1.00 X 0 0 0 DONALD M STEARNS TRUSTEE 13-14 1.00 X 0 0 0 DOUGLAS BRANTLEY DOSTER TRUSTEE 13-14 1.00 X 0 0 0 DR EDWARD PAUL RIGEL SR TRUSTEE 13-14 1.00 X 0 0 0 DR PHILIP GARY PETTETT TRUSTEE 13-14 1.00 X 0 0 0 EUGENE DAVID MELVIN TRUSTEE 13-14 1.00 X 0 0 0 GEORGE DAVID THOMPSON TRUSTEE 13-14 1.00 X 0 0 0 HARRY DAVID GEIMEIER TRUSTEE 13-14 1.00 X 0 0 0 HENRY PHILLIPS WILLIAMS III PHD TRUSTEE 13-14 1.00 X 0 0 0 JOHN THOMAS PARSONS TRUSTEE 13-14 1.00 X 0 0 0 KEITH LAWRENCE BIGBEE TRUSTEE 13-14 1.00 X 0 0 0 LTC HERMAN CHARLES BROWN USMC RET TRUSTEE 13-14 1.00 X 0 0 0 LTC PAUL ROBERT CALLANAN RET TRUSTEE 13-14 1.00 X 0 0 0 MARTINUS JOHN DYRUD TRUSTEE 13-14 1.00 X 0 0 0 PRES GEN LARRY DUNCAN MCCLANAHAN TRUSTEE 13-14 1.00 X 0 0 0 RALPH LYNN ERICKSON TRUSTEE 13-14 1.00 X 0 0 0 RICHARD DANA BROCKWAY TRUSTEE 13-14 1.00 X 0 0 0 ROBERT ALLEN WAGEL USAF TRUSTEE 13-14 1.00 X 0 0 0 ROBERT M CLARK JR TRUSTEE 13-14 1.00 X 0 0 0 RONALD ALLEN STEFFENSMEIER TRUSTEE 13-14 1.00 X 0 0 0 STEVEN ALLEN WILLIAMS BS TRUSTEE 13-14 1.00 X 0 0 0 STEVEN ROBERT KELLEY TRUSTEE 13-14 1.00 X 0 0 0 THOMAS ADAMS WELLBORN TRUSTEE 13-14 1.00 X 0 0 0 WILLIAM HARRY LEES TRUSTEE 13-14 1.00 X 0 0 0 WILLIAM J MCKIM TRUSTEE 13-14 1.00 X 0 0 0 WILLIAM OLIVER HINDS SR TRUSTEE 13-14 1.00 X 0 0 0 ALAN MCCULLOUGH TRUSTEE 14-15 1.00 X 0 0 0 BRIAN IRWIN WORCESTER TRUSTEE 14-15 1.00 X 0 0 0 CARROLL LOGAN CROWTHER TRUSTEE 14-15 1.00 X 0 0 0 CHAP MARVIN KERON VICKERS JR TRUSTEE 14-15 1.00 X 0 0 0 CHARLES LEROY CHILDS TRUSTEE 14-15 1.00 X 0 0 0 COL ERNEST LORAN SUTTON TRUSTEE 14-15 1.00 X 0 0 0 COLIN DOUGLAS WAKEFIELD TRUSTEE 14-15 1.00 X 0 0 0 COMTE JACQUES DE TRENTINIAN TRUSTEE 14-15 1.00 X 0 0 0 DAVID LEROY COOMER TRUSTEE 14-15 1.00 X 0 0 0 DOUGLAS MATHER MABEE TRUSTEE 14-15 1.00 X 0 0 0 DR ABRAHAM RUDDELL BYRD III TRUSTEE 14-15 1.00 X 0 0 0 FRANKLIN J APPL PHD TRUSTEE 14-15 1.00 X 0 0 0 FREDERICK ARTHUR WALDEN TRUSTEE 14-15 1.00 X 0 0 0 GEORGE RUSSELL RUCH TRUSTEE 14-15 1.00 X 0 0 0 GLENN PAUL SAPPIE TRUSTEE 14-15 1.00 X 0 0 0 HON JAMES EDWARD STALLINGS SR TRUSTEE 14-15 1.00 X 0 0 0 JAMES MORRIS LINDLEY TRUSTEE 14-15 1.00 X 0 0 0 JAMES STEPHEN HURST TRUSTEE 14-15 1.00 X 0 0 0 JEFFREY EUGENE BRUMMETTE TRUSTEE 14-15 1.00 X 0 0 0 JOHN ARTHUR MOLLER TRUSTEE 14-15 1.00 X 0 0 0 JOHN CARROLL ELLINGSON SR TRUSTEE 14-15 1.00 X 0 0 0 JOHN EDGAR SPEAR TRUSTEE 14-15 1.00 X 0 0 0 JOHN THOMAS MANNING MED TRUSTEE 14-15 1.00 X 0 0 0 JOSEPH CHARLES CONGER TRUSTEE 14-15 1.00 X 0 0 0 JOSEPH PATRICK WARNER TRUSTEE 14-15 1.00 X 0 0 0 KENNETH DUANE ROACH TRUSTEE 14-15 1.00 X 0 0 0 KENT SHEPARD WEBBER TRUSTEE 14-15 1.00 X 0 0 0 LANCE CARTER TRUSTEE 14-15 1.00 X 0 0 0 LANCE DAVID EHMCKE TRUSTEE 14-15 1.00 X 0 0 0 MICHAEL ELLIS FISHBEIN TRUSTEE 14-15 1.00 X 0 0 0 MICHAEL EUGENE BARGER TRUSTEE 14-15 1.00 X 0 0 0 MICHAEL PERRY SCHENK TRUSTEE 14-15 1.00 X 0 0 0 MSGT TONY LEE VETS TRUSTEE 14-15 1.00 X 0 0 0 PAUL LORIN CHILD DDS TRUSTEE 14-15 1.00 X 0 0 0 PETER ARROTT DIXON TRUSTEE 14-15 1.00 X 0 0 0 PETER KENNETH MOLLER TRUSTEE 14-15 1.00 X 0 0 0 PHILLIP HERBERT TARPLEY TRUSTEE 14-15 1.00 X 0 0 0 REV DR RALPH ALAN LAWRENCE TRUSTEE 14-15 1.00 X 0 0 0 RICHARD TODD BRYANT ESQ TRUSTEE 14-15 1.00 X 0 0 0 RICHARD WARREN SAGE TRUSTEE 14-15 1.00 X 0 0 0 ROBERT ANTHONY BOGARDUS TRUSTEE 14-15 1.00 X 0 0 0 ROBERT DOUGLAS WARREN TRUSTEE 14-15 1.00 X 0 0 0 ROBERT DOWNING EBERT TRUSTEE 14-15 1.00 X 0 0 0 ROBERT WARREN ALLEN TRUSTEE 14-15 1.00 X 0 0 0 SIDNEY CLIFFORD JR TRUSTEE 14-15 1.00 X 0 0 0 STEPHEN ROBERT RENOUF TRUSTEE 14-15 1.00 X 0 0 0 STEPHEN WALTER ROHRBOUGH TRUSTEE 14-15 1.00 X 0 0 0 THOMAS ASHER BROWN TRUSTEE 14-15 1.00 X 0 0 0 THOMAS CHARLES COCHRAN TRUSTEE 14-15 1.00 X 0 0 0 THOMAS EDWIN GEIMEIER TRUSTEE 14-15 1.00 X 0 0 0 WAYNE HOWARD MALLAR TRUSTEE 14-15 1.00 X 0 0 0 WILLIAM OLIVER STONE TRUSTEE 14-15 1.00 X 0 0 0 WILLIAM WESLEY TANNER TRUSTEE 14-15 1.00 X 0 0 0 DONALD SHAW EXECUTIVE DIRECTOR 35.00 5.00 X 91860 0 7805 MARY BUTTS DIRECTOR OF FINANCE 35.00 5.00 X 44915 0 6904 136775 0 14709 0 0 0 0 AL POST INC 11301 DECIMAL DRIVE LOUISVILLE KY 40299 GENERAL CONTRACTOR 815540 SOLID LIGHT 438 SOUTH THIRD STREET LOUISVILLE KY 40202 EXHIBIT PLANNING 375000 VESTED PUBLISHING LLC PO BOX 559 FRANKFORT KY 40602 MAGAZINE PUBLISHING 163200 3 907331 501320 159360 2297 1568011 ADMISSION FEES 900099 232947 232947 SUPPLEMENTAL FEES 900099 72915 72915 COPYING FEES 900009 14101 14101 EDUCATION FEES 900099 5184 5184 LIBRARY FEES 900099 2135 2135 476 476 327758 34301 34301 2091 2091 876757 1138000 658308 403965 218449 734035 952484 952484 516729 390048 126681 126681 MAGAZINE ADVERTISING 541800 29893 29893 29893 3041219 454439 29893 988876 1143543 1143543 151484 125919 25565 613360 510717 102643 18818 15394 3424 63674 52090 11584 57934 48175 9759 5806 4354 1452 22865 17148 5717 9478 9478 163200 163200 5807 5807 87686 60944 26742 33831 26876 6955 106905 80903 26002 6476 6476 11541 11541 9322 9322 204443 204443 43164 32373 10791 PROGRAM EXPENDITURE 100790 100790 RELOCATION 50832 50832 EDUCATION EXPENSES 15580 15580 MAGAZINE EXPENSES 8449 8449 16007 16007 2950995 2720361 230634 0 207714 147766 423950 363732 28450 35632 4354 11086 223945 195932 65760 72084 9740440 662835 7949045 9077605 1755370 1685200 2873855 2909443 13532443 14498480 256555 183093 42663 36465 77400 1183400 376618 1402958 X 11181955 11206087 978213 849496 995657 1039939 13155825 13095522 13532443 14498480 90224 -150527 0 X X 0 1 X 1 0 X 2823356 1452877 1658709 3352889 1568011 10855842 563986 632005 774589 816524 844492 3631596 3387342 2084882 2433298 4169413 2412503 14487438 35349 45009 41548 121906 0 35349 45009 41548 121906 14365532 37527 60396 36842 35210 36392 206367 37527 60396 36842 35210 36392 206367 32454 32454 1126 36 35 3291 4488 3458449 2145314 2470175 4207914 2448895 14730747 0.97520 0.97400 0.01400 0.01530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2297 2802719 X X X X ED PROGRAM, GENEALOGY RESEA 0 1561361 91778 37846 20722 1670263 1365935 73312 139876 17762 1561361 1238117 58780 90735 21697 1365935 1194009 48486 14881 19259 1238117 1066536 42618 103020 18165 1194009 0.00000 0.63400 0.36600 0 0 819480 819480 8284901 380447 7904454 374537 235781 138756 261522 46607 214915 9077605 LIBRARY AND MUSEUM COLLECTIONS 2802719 DUE TO/FROM AFFILIATES 106724 2909443 X PART III, LINE 4: THE ORGANIZATION HAS A MUSEUM THAT HOLDS COLLECTIONS OF ARTIFACTS AND WORKS OF ART FROM THE TIME PERIOD CIRCA 1763 TO 1801. THE ORGANIZATION ALSO HAS A COLLECTION OF BOOKS FROM THIS TIME PERIOD AND ABOUT THIS TIME PERIOD. PART V, LINE 4: TO PROVIDE FUNDS TO SUPPORT UNFUNDED AND UNDERFUNDED COMMITTEES AND SPECIAL PROJECTS OF THE NSSAR. MUCH OF THE FUNDING IS PROVIDED TO HELP COMMEMORATE REVOLUTIONARY WAR SITES AND/OR ACTIVITIES AROUND THE COUNTRY. PART X, LINE 2: NSSAR HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER INTERNAL REVENUE CODE 501(C)(3) AS A NON-PROFIT ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. NSSAR IS SUBJECT TO INCOME TAX ON CERTAIN UNRELATED BUSINESS ACTIVITY. HOWEVER, ALLOWABLE COST ALLOCATIONS HAVE RESULTED IN TAXABLE LOSSES. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION'S 2011-2014 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION. 1 THE SAR FOUNDATION 809 WEST MAIN STREET LOUISVILLE KY 40202 364514524 501(C)(3) 1143543 0 TO FURTHER ITS EXEMPT PURPOSE. 1 PART I, LINE 2: SELECT MEMBERS OF THE BOARD REVIEW THE FINANCIAL STATEMENTS OF THE SAR FOUNDATION, INC. TO ENSURE THE PROPER USE OF THE FUNDS. X 2297 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 NATIONAL SOCIETY OF THE SONS OF THE AMERICAN REVOLUTION AMENDED THEIR BYLAWS TO BRING THE NSSAR'S INVESTMENT POLICY INTO LINE WITH "BEST PRACTICES" FOR NON-PROFIT CORPORATIONS AND THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT OF 2006 (UPMIFA) (AS ADOPTED BY THE COMMONWEALTH OF KENTUCKY AND THE DISTRICT OF COLUMBIA). BYLAW NO. 23 - FUND MANAGEMENT (AMENDED SECTIONS) SECTION 1. TYPES OF FUNDS. REMOVAL OF PERMANENT FUND (SECTION 1, A) ADDED - (A) ALEXANDER HAMILTON FUND. THE NATIONAL SOCIETY HAS CREATED THE ALEXANDER HAMILTON FUND, A BOARD-DESIGNATED INVESTMENT FUND. THE FUND WILL BE INVESTED IN ACCORDANCE WITH THE NATIONAL SOCIETY'S INVESTMENT POLICY STATEMENT AND EARNINGS OF THE FUND (DEFINED AS INCOME, DIVIDENDS, AND REALIZED AND UNREALIZED GAINS AND LOSSES) WILL BE PRUDENTLY DISTRIBUTED ANNUALLY TO THE NATIONAL SOCIETY, BASED ON HISTORICAL INVESTMENT RETURNS CONFIRMED BY THE INVESTMENT ADVISOR AND APPROVED BY THE BOARD OF TRUSTEES. ANY PART OF THE PRINCIPAL OF SUCH FUND SHALL BE EXPENDED ONLY UPON THE SUGGESTION AND CONSIDERATION OF THE EXECUTIVE COMMITTEE, APPROVED BY A THREE-FOURTHS(%) VOTE OF THOSE PRESENT AND VOTING AT A MEETING OF THE BOARD OF TRUSTEES AND RATIFIED BY A THREE-FOURTHS(%) VOTE OF THE DELEGATES PRESENT AND VOTING AT THE ANNUAL CONGRESS TO WHICH SUCH RECOMMENDATION OF THE EXECUTIVE COMMITTEE AND APPROVAL OF THE BOARD OF TRUSTEES SHALL BE REPORTED. NOTICE THAT SUCH A PROPOSAL IS TO BE PRESENTED AT AN ANNUAL CONGRESS SHALL BE GIVEN IN THE SAME MANNER AS AN AMENDMENT TO THE BYLAWS. (B) SPECIAL PURPOSE FUNDS. THE NATIONAL SOCIETY HAS CREATED SPECIAL PURPOSE FUNDS TO SEGREGATE MONIES RECEIVED FOR RESTRICTED PURPOSES OTHER THAN THE PURPOSES OF THE ALEXANDER HAMILTON FUND OR THE GENERAL OPERATING FUND OF THE SOCIETY. (1) THE PRINCIPAL OF EACH SUCH FUND SHALL BE IDENTIFIED AS A "SPECIAL PURPOSE INSTITUTIONAL FUND," AND COMBINED WITH THE ALEXANDER HAMILTON FUND PRINCIPAL FOR INVESTMENT PURPOSES ONLY. THE INVESTMENT INCOME FROM THE SPECIAL PURPOSE INSTITUTIONAL FUNDS, PLUS ANY INCOME EARNED FROM OTHER SOURCES OR FROM DONATIONS FOR OPERATING PURPOSES, SHALL BE DEEMED TO BE A SEPARATE "SPECIAL PURPOSE OPERATING FUND" FOR A SPECIFIED RESTRICTED PURPOSE, AND ACCOUNTED FOR SEPARATELY, BUT MAY BE COMBINED WITH OTHER SPECIAL PURPOSE OPERATING FUNDS FOR TEMPORARY INVESTMENT PURPOSES UNTIL DISBURSED UNLESS OTHERWISE PROVIDED BY THE INSTRUMENT TRUST OR BEQUEST PURSUANT TO WHICH THE SPECIAL FUND WAS CREATED. (2) WITHDRAWAL OF PART OR ALL OF THE PRINCIPAL IN A SPECIAL PURPOSE FUND SHALL BE BY REQUEST OF THE APPROPRIATE COMMITTEE HAVING AUTHORITY OVER THE FUND (OR THE TREASURER GENERAL FOR SPECIAL PURPOSE FUNDS NOT UNDER THE AUTHORITY OF AN APPROPRIATE COMMITTEE, UNLESS OTHERWISE PROVIDED), WITH THE CONCURRENCE OF THE PRESIDENT GENERAL CONSISTENT WITH THE TERMS OF ANY TRUST OR BEQUEST PURSUANT TO WHICH THE SPECIAL PURPOSE FUND WAS CREATED. (3) NEITHER THE PRINCIPAL NOR THE INCOME OF A SPECIAL PURPOSE FUND CAN BE EXPENDED FOR ANY PURPOSE OTHER THAN THAT FOR WHICH THE FUND IS ESTABLISHED UNLESS SUCH EXPENDITURE IS AUTHORIZED IN THE SAME MANNER AS AN EXPENDITURE OF PRINCIPAL OF THE ALEXANDER HAMILTON FUND. (4) WITHDRAWAL OF PART OR ALL OF THE INCOME IN THE GEORGE WASHINGTON ENDOWMENT FUND, THE HOWARD HORNE AWARD FUND AND THE BUCK MEEK AWARD FUND SHALL BE BY REQUEST OF THE GEORGE WASHINGTON ENDOWMENT FUND BOARD, WITH THE CONCURRENCE OF THE PRESIDENT GENERAL CONSISTENT WITH THE TERMS OF ANY TRUST OR BEQUEST PURSUANT TO WHICH THE SPECIAL FUND WAS CREATED. (5) NOTWITHSTANDING THE FOREGOING, NO PART OF THE PRINCIPAL OF THE GEORGE WASHINGTON ENDOWMENT FUND, THE HOWARD HORNE AWARD FUND OR THE BUCK MEEK AWARD FUND SHALL BE EXPENDED FOR ANY PURPOSE UNLESS SUCH EXPENDITURE IS (I) REQUESTED BY THE GEORGE WASHINGTON ENDOWMENT FUND BOARD; (II) AUTHORIZED IN THE SAME MANNER AS AN EXPENDITURE OF PRINCIPAL OF THE ALEXANDER HAMILTON FUND IS AUTHORIZED UNDER BYLAW NO. 23, SECTION L(A), AS IN EFFECT WHEN THIS AMENDMENT BECOMES EFFECTIVE AND (III) SUCH EXPENDITURE SHALL BE RATIFIED BY A THREE-FOURTHS (%)VOTE OF THOSE PRESENT AND VOTING AT MEETINGS OF THE BOARDS OF MANAGEMENT, OR BY SUCH NAME AS EACH MAY BE DESIGNATED, OF AT LEAST THREE-FOURTHS(%) OF THE STATE SOCIETIES THEN IN EXISTENCE AS ACTIVE ORGANIZATIONS OF THE NATIONAL SOCIETY; AND PROVIDED FURTHER THAT SUCH RATIFICATION BY EACH RATIFYING STATE SOCIETY SHALL BE DULY CERTIFIED IN WRITING TO THE SECRETARY GENERAL BY THE PRESIDENT AND SECRETARY OF EACH RATIFYING STATE SOCIETY WITHIN TWELVE MONTHS AFTER THE DATE OF THE AUTHORIZATION OF THE EXPENDITURE BY THE DELEGATES PRESENT AND VOTING AT THE ANNUAL CONGRESS; PROVIDED FURTHER NO SUCH EXPENDITURE FOR ANOTHER PURPOSE SHALL BE CONTRARY TO LAW OR THE TERMS OF ANY TRUST OR BEQUEST PURSUANT TO WHICH THE FUND WAS CREATED. (C) GENERAL OPERATING FUND. THE NATIONAL SOCIETY MAINTAINS A GENERAL OPERATING FUND, WHICH SHALL CONSIST OF THE MONIES USED FOR THE OPERATING EXPENSES OF THE SOCIETY AS AUTHORIZED BY THE CURRENT BUDGET. THE TEMPORARY INVESTMENT OF THESE FUNDS IS CONTROLLED BY THE INVESTMENT COMMITTEE. SECTION 2. INVESTMENT POLICY CHANGED TO: (A) SPECIAL PURPOSE AND OPERATING FUNDS. THE GENERAL OPERATING FUND AND ANY SPECIAL PURPOSE OPERATING FUNDS SHALL BE INVESTED IN INTEREST BEARING CHECKING ACCOUNTS OR SAVINGS OR SIMILAR ACCOUNTS OR CERTIFICATES OF DEPOSIT IN FEDERALLY INSURED BANKING INSTITUTIONS (UP TO THE FEDERALLY INSURED MAXIMUM), OR OBLIGATIONS OF THE U.S GOVERNMENT OR AGENCIES OF THE U.S. GOVERNMENT WHOSE OBLIGATIONS ARE GUARANTEED BY THE FULL FAITH AND CREDIT OF THE U.S. GOVERNMENT, OR IN MUTUAL FUNDS THAT INVEST EXCLUSIVELY IN OBLIGATIONS OF THE U.S. GOVERNMENT OR AGENCIES OF THE U.S. GOVERNMENT. (B) ALEXANDER HAMILTON FUND AND SPECIAL PURPOSE INSTITUTIONAL FUNDS. THE INVESTMENT COMMITTEE, WITH THE ADVICE AND GUIDANCE OF NATIONAL SOCIETY STAFF AND OUTSIDE FINANCIAL ADVISORS, SHALL DEVELOP AND MAINTAIN AN INVESTMENT POLICY APPROPRIATE FOR AN ORGANIZATION OF THE TYPE AND SIZE OF THE NATIONAL SOCIETY. ANY SUCH INVESTMENT POLICY, AS WELL AS ANY CHANGES TO THE INVESTMENT POLICY, SHALL BE SUBMITTED TO THE EXECUTIVE COMMITTEE, WHO SHALL REFER THE INVESTMENT POLICY TO THE TRUSTEES FOR APPROVAL. THE TRUSTEES MAY APPROVE CHANGES TO THE INVESTMENT POLICY BY A MAJORITY OF THE TRUSTEES PRESENT AND VOTING. THE INVESTMENT COMMITTEE SHALL CONSULT WITH OUTSIDE FINANCIAL ADVISORS AND ANY PROPOSED CHANGES TO THE INVESTMENT POLICY SHALL BE ACCOMPANIED BY A RECOMMENDATION FROM THE OUTSIDE FINANCIAL ADVISORS. THIS INVESTMENT POLICY MUST UTILIZE THE "BEST PRACTICES" RULE. (C) GEORGE WASHINGTON ENDOWMENT FUND, HOWARD HORNE AWARD FUND AND BUCK MEEK AWARD FUND. NOTWITHSTANDING THE FOREGOING, A MINIMUM OF FIFTY PERCENT (50%) OF THE PRINCIPAL OF THE GEORGE WASHINGTON ENDOWMENT FUND, THE HOWARD HOME AWARD FUND AND THE BUCK MEEK AWARD FUND, SHALL BE INVESTED IN OBLIGATIONS OF THE U.S. GOVERNMENT OR AGENCIES OF THE U.S. GOVERNMENT WHOSE OBLIGATIONS ARE GUARANTEED BY THE FULL FAITH AND CREDIT OF THE U.S. GOVERNMENT, OR IN MUTUAL FUNDS THAT ARE INVESTED EXCLUSIVELY IN OBLIGATIONS OF THE U.S. GOVERNMENT OR AGENCIES OF THE U.S. GOVERNMENT. UP TO FIFTY PERCENT (50%) OF THESE FUNDS MAY BE INVESTED IN BONDS AND/OR COMMON STOCKS APPROVED BY THE INVESTMENT COMMITTEE UNDER THE "BEST PRACTICES" RULE FOR INVESTMENT POLICIES. INVESTMENT INCOME, INCOME FROM OTHER SOURCES AND DONATIONS TO BE ADDED TO PRINCIPAL MAY BE INVESTED TEMPORARILY IN THE SAME MANNER AS OPERATING FUNDS. (D) GIFTS AND BEQUESTS. GIFTS AND BEQUESTS OF STOCKS, BONDS OR MUTUAL FUNDS MAY BE GIVEN TO, AND RECEIVED BY, THE SOCIETY. ALL SUCH GIFTS OR BEQUESTS SHALL BE DEPOSITED IN THE APPROPRIATE PORTFOLIO OF SECURITIES MANAGED BY THE INVESTMENT COMMITTEE AND SHALL BE EXEMPT FROM THE RESTRICTIONS OF SECTION 2, SUBSECTION (C) REGARDING THE MIX OF BONDS OR OTHER SECURITIES IN THE INVESTMENT PORTFOLIO. ADDITIONALLY, IF THE GIFT OR BEQUEST OF STOCKS, BONDS OR MUTUAL FUNDS IS GIVEN TO THE GENERAL OPERATING FUND, THE STOCK WILL BE DEPOSITED IN THE ALEXANDER HAMILTON FUND AND THE VALUE SHALL BE DETERMINED BY MULTIPLYING THE NUMBER OF SHARES RECEIVED BY THE CLOSING PRICE LISTED IN THE WALL STREET JOURNAL NEWSPAPER ON THE DATE OF RECEIPT. THIS MONETARY VALUE OF THE GIFT OR BEQUEST SHALL BE CREDITED TO THE ACCOUNT OF THE GENERAL OPERATING FUND AND THE ALEXANDER HAMILTON FUND SHALL BE DEBITED, OR REDUCED, BY THE SAME AMOUNT ONCE IT RECEIVES THE SECURITIES. SECTION 3. THE RAY HENSHAW NATIONAL LIFE MEMBERSHIP FUND CHANGES: (G) IN THE EVENT THAT THIS SECTION SHOULD BE REPEALED, THE PAYMENT OFNATIONAL DUES OF ENROLLED NATIONAL LIFE MEMBERS SHALL CONTINUE, AS PROVIDED HEREIN, UNTIL ALL ENROLLED MEMBERS ARE DECEASED OR HAVE BEEN SUSPENDED FOR TEN ( I 0) YEARS, AS PROVIDED HEREIN. THEREUPON, ALL FUNDS REMAINING IN THE FUND SHALL BE TRANSFERRED TO THE ALEXANDER HAMILTON FUND OF THE NATIONAL SOCIETY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS IN THE NATIONAL SOCIETY THROUGH A STATE SOCIETY, WHICH IS A SUBORDINATE OF THE NATIONAL SOCIETY. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL GENERAL OFFICERS ARE ELECTED BY MEMBERS AT THE ANNUAL MEETING. THE ELECTION OF MEMBERS OF THE BOARD OF TRUSTEES SHALL BE CONDUCTED AFTER THE ELECTION OF GENERAL OFFICERS HAS BEEN COMPLETED UNLESS THE DELEGATES PRESENT, BY A TWO-THIRDS VOTE, PROVIDE FOR SOME OTHER ORDER OF BUSINESS. FORM 990, PART VI, SECTION A, LINE 7B VOTING MEMBERS AT THE ANNUAL MEETING VOTE BY BALLOT. THE CONSTITUTION MAY BE AMENDED BY A TWO-THIRDS AFFIRMATIVE VOTE OF THE DELEGATES PRESENT AND VOTING AT AN ANNUAL MEETING. THE BOARD OF TRUSTEES SHALL NOT HAVE THE POWER TO SELL, CONVEY, OR ENCUMBER ANY REAL ESTATE WHICH BELONGS TO THE NATIONAL SOCIETY, NOR SHALL IT INCUR ANY LIABILITY OTHER THAN FOR ORDINARY CURRENT EXPENSES OF THE SOCIETY, UNLESS SO ORDERED BY AN ANNUAL CONGRESS OR BY AN AFFIRMATIVE VOTE OF THREE-FOURTHS OF THE MEMBERS OF THE BOARD OF TRUSTEES PRESENT AND VOTING. FORM 990, PART VI, SECTION B, LINE 11 BECAUSE THE ORGANIZATION CAN HAVE WELL OVER 100 VOTING MEMBERS OF THE GOVERNING BODY IN ANY GIVEN YEAR, THE FORM 990 IS PRELIMINARILY PROVIDED TO A GROUP OF INDIVIDUALS WHO ARE QUALIFIED TO CLOSELY REVIEW AND COMMENT ON THE RETURN. A DRAFT OF THE RETURN IS REVIEWED FIRST BY INTERNAL MANAGEMENT. AFTER INTERNAL MANAGEMENT HAS REVIEWED THE RETURN AND ANY CHANGES ARE MADE, A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE CHAIRMAN, THE INDEPENDENT AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE FOR REVIEW. ONCE THE COMMENTS FROM THESE INDIVIDUALS ARE REVIEWED, THE FINAL DRAFT OF THE RETURN IS PREPARED AND SIGNED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES INDIVIDUALS TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT AND THEN THE ORGANIZATION FOLLOWS UP TO INSURE THAT INDIVIDUALS WITHDRAW FROM DISCUSSIONS AND VOTES WHERE THERE IS A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD COMPARES THE SALARY OF THE EXECUTIVE DIRECTOR TO OTHERS IN THE COMMUNITY AND DOCUMENTS THE PROCESS IN THE BOARD MINUTES. THERE ARE NO OTHER KEY EMPLOYEES OR OFFICERS WHO ARE COMPENSATED BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S WEBSITE ALSO MAKES AVAILABLE THE GOVERNING DOCUMENTS (VOLUME I OF THE HANDBOOK) AND THE CONFLICT OF INTEREST (VOLUME III OF THE HANDBOOK). FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE ORGANIZATION HAS AN INDEPENDENT AUDIT COMMITTEE THAT CONTINUES TO OVERSEE THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THE SAR FOUNDATION INC 809 WEST MAIN STREET LOUISVILLE KY 40202 364514524 TO RECEIVE AND ADMINISTER FUNDS FOR THE NSSAR. KY 501(C)(3) LINE 11A, I N/A 1 0 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0