2014-06-26T15:20:08-05:00 2013-08-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVENUE SUITE 500 BETHESDA MD 20814 990 2012-09-01 521019820 THE WASHINGTON CENTER FOR INTERNSHIPS & ACADEMIC SEMINARS WASH 2022387900 1333 16TH STREET NW WASHINGTON DC 200362205 MICHAEL B SMITH 2022387900 2014-06-17 1 DANIEL L WEAVER P01249346 3019860600 2012 2015-11-30 17:44:51Z MICHAEL B SMITH 1333 16TH STREET NW WASHINGTON DC 200362205 19995544 0 X WWW.TWC.EDU X 1975 DC TO PROVIDE INTERNSHIP PROGRAMS AND ACADEMIC SEMINARS TO COLLEGE STUDENTS WORLDWIDE. 25 24 242 0 0 0 3568088 2764526 15070389 15621520 6003 7495 -145209 101344 18499271 18494885 2735812 2540707 0 0 6147432 6890593 0 0 132111 8445651 8489094 17328895 17920394 1170376 574491 59537100 58506590 50927306 48022905 8609794 10483685 THE WASHINGTON CENTER FOR INTERNSHIPS AND ACADEMIC SEMINARS CREATES TRANSFORMATIONAL EXPERIENCES FOR STUDENTS THAT FOSTER ACADEMIC AND PROFESSIONAL ACHIEVEMENT, LEADERSHIP, AND CIVIC ENGAGEMENT. 0 0 12917319 2540706 14757568 INTERNSHIP PROGRAM AND HOUSING SERVICES - RESPONSIBLE FOR PROVIDING GUIDANCE AND SUPERVISION TO OVER 1,500 COLLEGE STUDENTS ANNUALLY INVOLVED IN BOTH PUBLIC AND PRIVATE SECTOR INTERNSHIPS IN WASHINGTON, DC. HOUSING IS INCLUDED (BUT OPTIONAL), WITH RESIDENT ADVISORS ON SITE AND AVAILABLE TO STUDENTS AT ALL TIMES. CLOSE SUPERVISION OF ALL STUDENTS THROUGH COURSEWORK AND INTERNSHIP SITES, ACADEMIC AND CAREER COUNSELING AND THE AVAILABILITY OF NUMEROUS CULTURAL AND SOCIAL ACTIVITIES ARE INTERGRAL TO THE EXPERIENTIAL EDUCATION FORMULA OF THE WASHINGTON CENTER. 800609 863952 SEMINARS - HOSTS LECTURES, DEBATES, SMALL GROUP DISCUSSIONS AND CONFERENCES FOR STUDENTS. A BROAD RANGE OF TOPICS ARE COVERED INCLUDING NATIONAL POLITICAL CONVENTIONS, GLOBAL ECONOMICS, MEDIA INVOLVEMENT IN POLITICS AND THE LIKE. SEMINAR DURATION IS FROM 1 TO 2 WEEKS WITH OVER 400 PARTICIPANTS. 13717928 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 110 0 1 242 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL NC X THE ORGANIZATION 2022387900 1333 16TH STREET NW WASHINGTON DC 200362205 AMBASSADOR ALAN J BLINKEN 2.00 X X 0 0 0 STANLEY H BARER 2.00 X 0 0 0 SHEILA MCREVEY BURKE 2.00 X 0 0 0 CHRISTOPHER COOPER 2.00 X 0 0 0 DR MICHELLE COOPER 2.00 X 0 0 0 DR CONSTANTINE CURRIS 2.00 X 0 0 0 JAMES C FREE 2.00 X 0 0 0 IVELISSE ESTRADA 2.00 X 0 0 0 RICHARD GEPHARDT 2.00 X 0 0 0 MICHAEL B GOLDSTEIN 2.00 X 0 0 0 JOHN A HILTON JR 2.00 X 0 0 0 JOHN HOTCHKIS 2.00 X 0 0 0 IRENE HIRANO INOUYE 2.00 X 0 0 0 DR LAWRENCE J KORB 2.00 X 0 0 0 THE HONORABLE KENNETH MCCLINTOCK 2.00 X 0 0 0 GERALDINE P MANNION 2.00 X 0 0 0 CHRISTOPHER NORTON 2.00 X X 0 0 0 JOHN S ORLANDO 2.00 X 0 0 0 ZIAD S OJAKLI 2.00 X 0 0 0 DR SUSAN PANNULLO 2.00 X 0 0 0 DEBBIE SALLIS 2.00 X 0 0 0 LEONARD H SCHRANK 2.00 X 0 0 0 STANLEY SLOTER 2.00 X 0 0 0 GREGG WALKER 2.00 X 0 0 0 THOMAS J STANTON 2.00 X 0 0 0 AMBASSADOR SAM FOX 2.00 X 0 0 0 SENATOR CHUCK HAGEL 2.00 X 0 0 0 MICHAEL B SMITH 37.50 X 335042 0 76022 DONALD KANDEL 37.50 X 187931 0 20237 MARIA MENDIOLA-FERNANDEZ 37.50 X 179363 0 18072 EUGENE ALPERT 37.50 X 143220 0 20589 DAVID ANDERSON 37.50 X 140248 0 21843 RUTH ARLEEN BORYSIEWICZ 37.50 X 135631 0 22101 JOSEPH JOHNSTON JR 37.50 X 155683 0 19530 RYAN KLANG 37.50 X 112536 0 8928 CARMENCHU MENDIOLA-FERNANDEZ 37.50 X 101001 0 10863 1490655 0 218185 9 0 1 0 SOLAIRE METRO APARTMENTS 1150 RIPLEY ST SILVER SPRING MD 20910 HOUSING FOR INTERNS 739787 CLASSIC CONCIERGE INC 8930 GLENBROOK ROAD FAIRFAX VA 22031 TRANSPORTATION AND CONCIERGE SVS 361332 FRESCO CLEANING AND MAINTENANCE 2703 12TH STREET NE WASHINGTON DC 20018 CLEANING AND MAINTENANCE 211665 ACUTEDGE INC 146 E GREENWOOD AVE LANSDOWNE PA 19050 SALESFORCE SOFTWARE CONSULTANTS 169578 NTIVA INC 7900 WESTPARK DR MCLEAN VA 22102 COMPUTER CONSULTANTS 165391 10 380700 2383826 2764526 INTERNSHIP PROGRAM AND HOUSING FE 611710 13755069 13755069 GOVERNMENT GRANTS AND CONTRACTS 611170 1866451 1866451 15621520 12129 12129 208872 0 208872 208872 208872 1301224 1305858 -4634 -4634 -4634 71050 380700 194801 -123751 -123751 MISCELLANEOUS INCOME 900009 16223 16223 16223 18494885 15637743 0 92616 2270328 2270328 270379 270379 816669 620024 171407 25238 5118569 3974010 1053477 91082 100050 61465 24727 13858 380390 310204 70186 474915 394042 80873 25661 25661 48754 48754 270031 270031 1494779 492149 1002630 72178 72178 624958 313009 310016 1933 230877 95676 135201 1438390 750830 687560 623271 623271 390200 386576 3624 1757445 1570743 186702 1332874 1236272 96602 120979 120979 MISCELLANEOUS 42331 42331 FACILITY AND MAINTENANC 16366 6741 9625 17920394 13717928 4070355 132111 1019119 803609 3803567 5033942 1526266 1498308 4942400 3719516 684598 563373 51001038 5239985 46406091 45761053 1155059 1126789 59537100 58506590 1113526 889200 2812893 2296040 41430000 40550000 1501812 1500000 4069075 2787665 50927306 48022905 X 4655140 6154507 2920822 3090481 1033832 1238697 8609794 10483685 59537100 58506590 X 574491 17990 1281410 X X 0 1 X 1 1 1 X 1915517 1750849 1471160 3567638 2764526 11469690 11260438 10999673 11856593 12588743 15692570 62398017 13175955 12750522 13327753 16156381 18457096 73867707 765000 348801 262278 175000 109000 1660079 3278659 2687852 2333778 1697467 1087283 11085039 4043659 3036653 2596056 1872467 1196283 12745118 61122589 130625 41824 9491 6003 221001 408944 130625 41824 9491 6003 221001 408944 694749 102913 658946 68941 16223 1541772 14001329 12895259 13996190 16231325 18694320 75818423 0.80620 0.79950 0.00540 0.00370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 270031 270031 17650363 17920394 1000000 250000 0 0 936434 972157 855864 1000000 3764455 5646683 188963 191057 199288 270031 849339 234109 243039 213966 250000 941114 1411671 1033832 204865 3430 0 3430 1238697 1032643 1189 2222 0 2222 1033832 1031002 1641 6595 0 6595 1032643 1000812 30190 0 0 1031002 978598 22214 0 0 1000812 0.00000 1.00000 0.00000 0 0 11416217 11416217 33602258 3237270 30364988 153372 152382 990 4981572 1431743 3549829 847619 418590 429029 45761053 INTEREST RATE SWAP OBLIGATION 2787665 2787665 X 17233973 -1460347 -1460347 18694320 -199435 -199435 18494885 16654848 194801 194801 16460047 1460347 1460347 17920394 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: GIFTS TO THE ENDOWMENT FUND ARE INVESTED BY TWC IN ACCORDANCE WITH THE ORGANIZATION'S INVESTMENT POLICY, AND THE INCOME EARNED IS DIRECTED TO PROGRAMS AND PURPOSES IDENTIFIED BY TWC EACH YEAR. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CENTER FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC), WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CENTER'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. AS OF AUGUST 31, 2013, THE CENTER HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE -1,460,347. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -194,801. REALIZED LOSS -4,634. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 194,801. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 1,460,347. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 2500 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 95950 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 31019 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 2000 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 104620 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 5500 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 13300 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 13990 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 1500 0 0 0 0 0 0 268879 1500 270379 SCHOLARSHIP TO ATTEND TWC CENTRAL AMERICA AND THE CARIBBEAN 1 2500 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC EAST ASIA AND THE PACIFIC 67 95950 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC EUROPE (INCLUDING ICELAND & GREENLAND) 9 31019 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC MIDDLE EAST AND NORTH AFRICA 2 2000 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC NORTH AMERICA 88 104620 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC RUSSIA & THE NEWLY INDEPENDENT STATES 1 5500 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC SOUTH AMERICA 7 13300 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC SOUTH ASIA 4 13990 WIRE TRANSFER SCHOLARSHIP TO ATTEND TWC SUB-SAHARAN AFRICA 1 1500 WIRE TRANSFER 0 0 0 0 0 0 GALA 451750 380700 71050 18500 83199 93102 451750 380700 71050 18500 83199 93102 194801 -123751 1 ALABAMA STATE FINANCIAL ASSISTANCE-- SPRING 2013 1 4600 ALABAMA STATE FINANCIAL ASSISTANCE-- SUMMER 2013 4 18400 ARKANSAS STATE FINANCIAL ASSISTANCE-- FALL 2012 3 18000 ARKANSAS STATE FINANCIAL ASSISTANCE-- SPRING 2013 3 18000 ARKANSAS STATE FINANCIAL ASSISTANCE-- SUMMER 2013 16 96000 DELAWARE STATE FINANCIAL ASSISTANCE-- SUMMER 2013 1 5000 FLORIDA STATE FINANCIAL ASSISTANCE-- FALL 2012 19 123500 FLORIDA STATE FINANCIAL ASSISTANCE-- SPRING 2013 8 44000 FLORIDA STATE FINANCIAL ASSISTANCE-- SUMMER 2013 34 187000 KENTUCKY STATE FINANCIAL ASSISTANCE-- FALL 2012 2 8000 KENTUCKY STATE FINANCIAL ASSISTANCE-- SPRING 2013 2 9000 KENTUCKY STATE FINANCIAL ASSISTANCE-- SUMMER 2013 5 22500 MARYLAND STATE FINANCIAL ASSISTANCE-- SUMMER 2013 11 60500 MASSACHUSSETTS STATE FINANCIAL ASSISTANCE-- FALL 2012 28 103600 MASSACHUSSETTS STATE FINANCIAL ASSISTANCE-- SPRING 2013 14 50400 MISSISSIPPI STATE FINANCIAL ASSISTANCE-- SUMMER 2013 9 67500 OHIO STATE FINANCIAL ASSISTANCE-- FALL 2012 31 62000 OHIO STATE FINANCIAL ASSISTANCE-- SPRING 2013 6 10000 PENNSYLVANIA STATE FINANCIAL ASSISTANCE-- SPRING 2013 5 17500 PENNSYLVANIA STATE FINANCIAL ASSISTANCE-- SUMMER 2013 28 87500 TENNESSEE STATE REVENUE-- FALL 2012 11 68750 TENNESSEE STATE REVENUE-- SPRING 2013 6 37500 TENNESSEE STATE REVENUE-- SUMMER 2013 6 37500 FLORIDA STATE TWC MATCH FOR HOUSING--FALL 2012 10 10750 FLORIDA STATE TWC MATCH FOR HOUSING--SPRING 2013 2 3000 KENTUCKY STATE TWC MATCH FOR HOUSING--FALL 2012 2 3000 KENTUCKY STATE TWC MATCH FOR HOUSING--SPRING 2013 1 1000 KENTUCKY STATE TWC MATCH FOR HOUSING--SUMMER 2013 4 4000 MASSACHUSSETTS TWC MATCH FOR HOUSING--FALL 2012 24 33800 MASSACHUSSETTS TWC MATCH FOR HOUSING--SPRING 2013 18 30700 MASSACHUSSETTS TWC MATCH FOR HOUSING--SUMMER 2013 14 22000 NEW JERSEY TWC MATCH FOR HOUSING-- FALL 2012 9 9000 NEW JERSEY TWC MATCH FOR HOUSING-- SPRING 2013 20 20000 NEW JERSEY TWC MATCH FOR HOUSING-- SUMMER 2013 9 10180 OHIO TWC MATCH FOR HOUSING -- SPRING 2013 13 26000 OHIO TWC MATCH FOR HOUSING -- SUMMER 2013 21 42000 IOWA TWC MATCH FOR HOUSING -- FALL 2012 7 8400 IOWA TWC MATCH FOR HOUSING -- SPRING 2013 2 2400 IOWA TWC MATCH FOR HOUSING -- SUMMER 2013 11 13200 MARYLAND TWC MATCH FOR HOUSING -- SUMMER 2013 4 8000 PENNSYLVANIA TWC MATCH FOR HOUSING -- FALL 2012 1 3500 PENNSYLVANIA TWC MATCH FOR HOUSING -- SPRING 2013 5 5000 PENNSYLVANIA TWC MATCH FOR HOUSING -- SUMMER 2013 21 28500 ALABAMA TWC MATCH FOR HOUSING -- SPRING 2013 1 1000 ALABAMA TWC MATCH FOR HOUSING -- SUMMER 2013 4 4000 CENTER FOR GLOBAL UNDERSTANDING 3 5000 ACADEMIC - TOTEM SCHOLARSHIP 4 36115 SOUTHWEST AIRLINES 19 11660 CENTER FOR GLOBAL UNDERSTANDING - INTERNATIONAL 1 1000 VERIZON-STEM AWARD-ACADEMIC- 5 18960 MITSUI FDN INT AWARD 5 5000 MOTOROLA 33 65300 FRED POTTER 1 2000 LAWRENCE KANDEL 1 500 KESSLER GRANT 3 35865 DIVERSITY AWARDS (FUNDED BY NY LIFE, VERIZON, AND CHEVRON) 20 59495 NEW YORK LIFE HIGHER ED C 16 69980 SAM ROSE 54 75330 DISABILITY AWARDS (FUNDED BY HSC GRANT) 21 60000 CORDOVA (FUNDED BY SEA STAR LINE, UNIVISION, TRIPLE S MGT) 13 35750 FORD 10 30000 PROF ACHIEVEMENT 15 26860 TWC DISCRETIONARY FINANCIAL AID 45 36220 INAUGURATION 16 6250 INSIDE WASHINGTON 2 1000 TOP SECRET 15 4450 CIVIC SCHOLARSHIP 9 9000 FINANCIAL AID--GALA 44 43279 NATIONAL COLLEGIATE HONORS COUNCIL SCHOLARSHIP (NCHC) 6 12000 ASSOCIATION OF COLLEGE HONOR SOCIETIES (ACHS) 3 3000 BILL BURKE LEADERSHIP AWARD 68 91834 NEW AFFILIATE SCHOLARSHIP 3 3000 SAINT JOSEPH 6 9000 SPECIAL SCHOOL DISCOUNTS (RICHARD STOCKTON & WESTFIELDS) 27 66300 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE WASHINGTON CENTER PROVIDES FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIP AWARDS TO STUDENTS ATTENDING ITS INTERNSHIP PROGRAM. THESE FUNDS ARE USED BY THE STUDENTS TO COVER PROGRAM COSTS, HOUSING COSTS AND LIVING EXPENSES DURING THE INTERNSHIP SESSION IN WASHINGTON, DC. THE WASHINGTON CENTER FINANCES THESE SCHOLARSHIPS THROUGH ITS FUNDRAISING EFFORTS AIMED AT PRIVATE FOUNDATIONS AND CORPORATIONS. ELIGIBILITY FOR THE AWARDS IS DETERMINED BY STUDENT PARTICIPATION IN SPECIFIC PROGRAMS SUCH AS ENVIRONMENT/ENERGY PROGRAM, NONPROFIT LEADERS, NAFTA LEADERS, WOMEN LEADERS, ETC. IN ADDITION, OTHER SCHOLARSHIP FUNDS ARE AVAILABLE FOR STUDENTS FROM SPECIFIC SCHOOLS OR STATES BASED ON CRITERIA ESTABLISHED BY THE CONTRIBUTOR TO THE WASHINGTON CENTER. X 1 1 X 0 1 0 0 0 0 0 0 0 MICHAEL B SMITH 325695 0 0 0 9347 0 61682 0 14340 0 411064 0 0 0 DONALD KANDEL 186188 0 0 0 1743 0 17522 0 2715 0 208168 0 0 0 MARIA MENDIOLA-FERNANDEZ 170833 0 0 0 8530 0 12772 0 5300 0 197435 0 6093 0 EUGENE ALPERT 141271 0 0 0 1949 0 13404 0 7185 0 163809 0 13118 0 DAVID ANDERSON 134571 0 4334 0 1343 0 13444 0 8399 0 162091 0 5966 0 RUTH ARLEEN BORYSIEWICZ 134300 0 0 0 1331 0 13105 0 8996 0 157732 0 13312 0 JOSEPH JOHNSTON JR 151091 0 0 0 4592 0 13925 0 5605 0 175213 0 6617 0 PART I, LINE 1A HOUSING ALLOWANCE PROVIDED FOR MARIA MENDIOLA-FERNANDEZ. PART I, LINE 4B MICHAEL B. SMITH - $49,748 CONTRIBUTED TO PLAN DONALD KANDEL - $9,696 CONTRIBUTED TO PLAN MARIA MENDIOLA-FERNANDEZ - $7,166 CONTRIBUTED TO PLAN, $6,093 PAYMENT RECD EUGENE ALPERT - $7,403 CONTRIBUTED TO PLAN, $13,312 PAYMENT RECD DAVID ANDERSON - $7,439 CONTRIBUTED TO PLAN, $5,966 PAYMENT RECD JOSEPH JOHNSTON, JR. - $7,634 CONTRIBUTED TO PLAN, $6,617 PAYMENT RECD RUTH ARLEEN BORYSIEWICZ - $7,246 CONTRIBUTED TO PLAN, $13,312 PAYMENT RECD CERMENCHU MEDNIOLA-FERNANDEZ - $4,860 CONTRIBUTED TO PLAN, $3,349 PAYMENT RECD A DISTRICT OF COLUMBIA 254839L27 2006-07-13 8500000 ACQUISITION, RENOVATION AND FURNISHING OF EXISTING BUILDING. 0 0 0 B DISTRICT OF COLUMBIA 2548394W0 2009-01-01 33500000 ACQUISITION OF LAND AND CONSTRUCTION OF RESIDENTIAL BUILDING FOR STUDENTS. 0 0 0 A 2007 0 0 0 0 B 2010 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 STANLEY SLOTER ON BOARD OF DIRECTORS 144920 MANAGEMENT FEES AND RENTS PAID TO COMPANIES OWNED BY STANLEY SLOTER. 0 FORM 990, PART VI, SECTION A, LINE 6 THE WASHINGTON CENTER HAS ONE CLASS OF MEMBERS WHICH CONSISTS OF GENERALLY RECOGNIZED AND ACCREDITED EDUCATIONAL INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE TO BE ELECTED AT THE ANNUAL MEETING OF THE CORPORATION, AND EACH DIRECTOR SHALL BE ELECTED TO SERVE UNTIL HIS/HER SUCCESSOR SHALL BE ELECTED AND SHALL QUALIFY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE PRESIDENT AND CHAIR OF THE AUDIT COMMITTEE AND THEN A COPY IS PROVIDED TO THE REMAINDER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEW CONFLICTS OF INTEREST AT EVERY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE CEO'S COMPENSATION. THERE IS NO WRITTEN CONTRACT AND IT IS NOT DECIDED OR VOTED ON BY THE ENTIRE BOARD. THE EXECUTIVE COMMITTEE CONSISTS OF 5 TO 7 BOARD MEMBERS INCLUDING THE AUDIT CHAIR, FINANCE CHAIR AND BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 1,281,410. FORM 990, PART XII, LINE 2C PROCESS DID NOT CHANGE FROM PRIOR YEAR.