2014-05-14T20:02:37-05:00 2013-06-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2012-07-01 060653118 THE GREENWICH ACADEMY INC % DONNA MATHESON GREE 2036258900 200 NORTH MAPLE AVENUE Suite GREENWICH CT 068304799 DONNA MATHESON 2035524408 2014-05-14 true MARY-EVELYN ANTONETTI 8605223200 2012 2015-11-30 17:44:51Z MOLLY H KING 200 NORTH MAPLE AVENUE GREENWICH CT 06830 82726988 false X WWW.GREENWICHACADEMY.ORG X 1924 CT THE MISSION OF THE SCHOOL IS TO PROVIDE A CHALLENGING, COMPREHENSIVE EDUCATIONAL EXPERIENCE FOR GIRLS & YOUNG WOMEN GROUNDED IN A RIGOROUS LIBERAL ARTS CURRICULUM WITHIN AN INCLUSIVE, DIVERSE COMMUNITY. 30 30 223 200 782142 -54141 18034074 13451800 29758439 30653648 1739858 1420707 661139 674487 50193510 46200642 4784731 5321295 0 0 19679023 19744659 0 0 1342997 16056027 14843883 40519781 39909837 9673729 6290805 184062030 193625714 56983266 56628748 127078764 136996966 X GREENWICH ACADEMY IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR GIRLS AND YOUNG WOMEN THAT SEEKS TO FOSTER EXCELLENCE. FOR MORE INFORMATION, SEE SCHEDULE O. false false 33281760 5321295 31071682 GREENWICH ACADEMY IS A COLLEGE-PREPARATORY DAY SCHOOL SERVING GIRLS IN GRADES PRE-KINDERGARTEN THROUGH GROUP XII. ALL EXPENDITURES FOR COMPENSATION AND OTHER EXPENSES ARE IN SUPPORT OF INSTRUCTIONAL AND INSTITUTIONAL ACTIVITIES. THIS INCLUDES THE INSTRUCTION OF APPROXIMATELY 800 GIRLS BY 223 FULL-TIME AND PART-TIME FACULTY AND STAFF. 33281760 true true false false false false false false false true true true false false false true true false true false true false false false true false false false true true true false false false false false false false false false false true true false false false false false false false true 192 0 true 223 true true true false false false false true true false false false false X 30 30 false false false false true true true true true false false false true true true true true true false false X DONNA MATHESON 2036258985 200 NORTH MAPLE AVENUE GREENWICH CT 06830 J TIMOTHY MORRIS 15.0 X X 0 0 0 MARY LEE A KIERNAN 5.0 X X JAMES R MATTHEWS 5.0 X X WENDELL L WILLKIE II 5.0 X X BRETT BARAKETT 1.0 X MELISSA LABOV DWECK 1.0 X SUSAN LEHMAN CARMICHAEL 1.0 X HALEY ROCKWELL ELMLINGER 1.0 X TIMOTHY M GEORGE 1.0 X SAMANTHA JANSSON 1.0 X RENE M KERN 1.0 X DOUGLAS R KORN 1.0 X ELIZABETH DARST LEYKUM 1.0 X ANTHONY J NOTO 1.0 X LINDA D O'NEILL 1.0 X BARNETT D OSMAN 1.0 X LINDA C REALS 1.0 X BARBARA M RILEY 1.0 X DAVID I STEMERMAN 1.0 X JEFFREY A WOLFSON 1.0 X MOLLY H KING 40.0 X X 634606 136214 CARLOS BRITO 1.0 X EUNICE J BURNETT 1.0 X EDWARD A MULE 1.0 X KELLI OLSEN FORD 1.0 X ADAM B FRANKEL 1.0 X HEATHER JOHNSON SARGENT 1.0 X PAMELA HUMBERT 1.0 X PRIYA G TRAUBER 1.0 X VICTORIA B WATERS 1.0 X THOMAS DUNN 1.0 X DONNA MATHESON 40.0 X 263204 35048 MARK FEINER 40.0 X 255277 76537 DONNA BYRNES 40.0 X 229114 34786 ABBY KATZ 40.0 X 125560 105492 THOMAS SULLIVAN 40.0 X 189989 110583 REBECCA WALKER 40.0 X 219739 114728 ANTOINETTE DECKER 40.0 X 106131 104866 KATHERINE SCHULZE 40.0 X 124811 101837 2148431 0 820091 30 false true false SODEXO PO BOX 360170 PITTSBURGH PA 152516170 FACILITIES CONTRACT 1633295 CEBULSKI CONSTRUCTION COMPANY INC 651 LINDLEY STREET BRIDGEPORT CT 06606 CONSTRUCTION 413368 FLIK-COMPASS GROUP 2400 Yorkmont Road CHARLOTTE NC 28217 DINING SERVICES 719188 KPMG LLP 345 PARK AVENUE NEW YORK NY 10154 ACCOUNTING 132075 CLARK CONSTRUCTION 30 BRIDGE STREET SUITE 304 NEW MILFORD CT 06776 CONSTRUCTION 131983 6 X 584496 12867304 1001018 13451800 TUITION AND FEES 611710 27513443 27513443 OTHER PROGRAMS & ACTIVITIES FEES 900099 3140205 2461734 678471 30653648 1298699 103671 1195028 0 0 451809 146876 304933 0 304933 304933 36015644 35893636 122008 122008 122008 116488 584496 141619 -25131 -25131 0 437354 344215 93139 93139 MISCELLANEOUS 900099 301546 301546 301546 46200642 30276723 782142 1689977 0 5321295 5321295 0 0 1604291 1283432 240644 80215 0 14225726 11226922 2305617 693187 1180054 904482 212398 63174 1661889 1384545 212801 64543 1072699 885741 138123 48835 37507 37507 39241 39241 158600 158600 0 0 227331 214972 12359 1120285 897590 168973 53722 0 2655288 2354831 250342 50115 0 0 2991350 2677527 251058 62765 0 0 281862 254859 22804 4199 1811303 1811303 0 3966814 3570133 317345 79336 329389 322801 6588 MAINTENANCE FOR COWAN CENTER 217802 217802 EARLY CHILDHOOD/SUMMER PGMS 296078 296078 PARENTS ASSOCIATION 303435 303435 CAPITAL CAMPAIGN 84778 84778 322820 195220 88419 39181 39909837 33281760 5285080 1342997 X 2000 2000 18962303 60468349 14710497 15387090 670789 820263 0 0 0 0 1085800 917500 263320 345725 448704 495245 116915329 41751683 77751863 75163646 37693400 5151290 30920840 33396758 0 0 0 0 1552514 1477848 184062030 193625714 3711171 4024489 0 0 11859743 12129966 41278070 40474293 0 0 0 0 0 0 0 0 134282 0 56983266 56628748 X 86835314 95194865 22636817 24083858 17606633 17718243 127078764 136996966 184062030 193625714 X 6290805 3627397 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68065945 9082886 4971525 3076879 79043477 71702555 6536309 5235920 15408839 68065945 66697689 4034619 4292857 3322610 71702555 60521926 7132475 2968769 3925481 66697689 76613415 6100515 -15154489 7037515 60521926 0.70192 0.29808 false false 9055307 9055307 92550241 30415523 62134718 15309780 11336159 3973621 0 0 0 75163646 HEDGE FUND 19058376 F INVESTMENTS IN REAL ASSETS 6823588 F PRIVATE EQUITY FUND 4331609 F MONEY MKT FD HELD BY BOND TTEE 3183185 F 33396758 0 0 X 47680009 3627397 -2044286 1583111 46096898 103744 103744 46200642 37761807 632710 632710 37129097 103744 2676996 2780740 39909837 OTHER REVENUE IN FORM 990 PT VIII BUT NOT IN AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 2D FINANCIAL AID GRANT $(2,676,996) BOOKSTORE COST OF GOODS SOLD $ 344,215 RENTAL EXPENSES $ 146,876 SPECIAL EVENT EXPENSES $ 141,619 ------------ TOTAL $(2,044,286) OTHER EXPENSES IN AUDITED FINANCIAL STATEMENTS BUT NOT IN FORM 990 PT IX SCHEDULE D, PART XII, LINE 2D BOOKSTORE COST OF GOODS SOLD: 344,215 RENTAL EXPENSES: 146,876 SPECIAL EVENT EXPENSES: 141,619 ------------ TOTAL 632,710 OTHER EXPENSES IN FORM 990 PT IX BUT NOT IN AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 4B FINANCIAL AID GRANT: $ 2,676,996 USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ACADEMY'S ENDOWMENTS CONSIST OF APPROXIMATELY 45 INDIVIDUAL DONOR RESTRICTED FUNDS AND 17 BOARD DESIGNATED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ACADEMY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ENDEAVOR TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE BOARD OF TRUSTEES ADOPTED A SPENDING POLICY OF MAKING EXPENDITURES AT A RATE OF 5% OF THE AVERAGE VALUE OF ANY SUCH DONOR-RESTRICTED FUND OVER THE PRECEDING TWELVE (12) QUARTERS IN SUPPORT OF THE ACADEMY'S OPERATING AND CAPITAL BUDGETS. UNCERTAIN TAX POSITIONS SCHEDULE D, PART X, LINE 2 THE ACADEMY HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE WITH RESPECT TO THE ACADEMY'S CONTINUED QUALIFICATION UNDER SECTION 501(A) AS A 501(C)(3) TAX-EXEMPT ORGANIZATION. THE ACADEMY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE ACADEMY'S PURPOSE IS SUBJECT TO TAX UNDER THE INTERNAL REVENUE CODE SECTION 511. THE ACADEMY DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY AT JUNE 30, 2013 AND 2012. true true true true true true true false false false false false false false false false false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 THE GREENWICH ACADEMY, INC. HAS PUBLICIZED ITS NONDISCRIMINATORY POLICY THROUGH GREENWICH LOCAL NEWSPAPERS AND MAGAZINES IN SECTIONS FOR ADVERTISEMENTS, STATING: "GREENWICH ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF AGE, SEX, RACE, COLOR, RELIGION, NATIONAL ORIGIN OR SEXUAL ORIENTATION IN THE ADMINISTRATION OF ITS EDUCATIONAL PROGRAMS, ADMISSIONS POLICIES, FINANCIAL AID POLICIES, EMPLOYMENT PRACTICES AND OTHER SCHOOL-ADMINISTERED PROGRAMS." THIS STATEMENT ALSO APPEARS ON THE INTERNET, ADMISSIONS CATALOGUES, EMPLOYMENT AND ADMISSIONS APPLICATIONS, AND STUDENT AND EMPLOYEE HANDBOOKS. Central America and the Caribbean Investments 20154402 20154402 20154402 true false true true true false GAPA BENEFIT 700984 584496 116488 28424 113195 0 700984 584496 116488 28424 113195 141619 -25131 C/O GREENWICH ACADEMY 200 N MAPLE GREENWICH CT 06830 true FINANCIAL AID 89 2676995 N/A N/A TUITION REMISSION 79 2644300 N/A N/A MONITORING GRANTS SCHEDULE I, PART I IN KEEPING WITH THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS PRINCIPLES OF GOOD PRACTICE FOR FINANCIAL AID, GREENWICH ACADEMY REQUIRES THE PARENTS OF EACH FINANCIAL AID APPLICANT TO SUBMIT A DETAILED FINANCIAL STATEMENT IN WRITING ANNUALLY. EVERY FAMILY CONTRIBUTES TOWARDS THE COST OF EDUCATING THEIR DAUGHTER AT GREENWICH ACADEMY. IN MOST CASES, IT IS ASSUMED THAT BOTH PARENTS WILL HOLD FULL-TIME EMPLOYMENT TO FUND THESE EDUCATIONAL COSTS TO THE BEST OF THEIR ABILITIES BEFORE SEEKING FINANCIAL AID FROM THE SCHOOL. FULL TUITIONS ARE NOT GRANTED. THE AMOUNT AND NUMBER OF FINANCIAL AID GRANTS ARE SUBJECT TO THE AVAILABILITY OF FUNDS. COMPLETION OF THE PARENTS' FINANCIAL STATEMENT (PFS) BY DECEMBER 15 IS A PREREQUISITE FOR CONSIDERATION IN THE FIRST ROUND OF GRANT ALLOCATIONS. IN ADDITION, CURRENT FORM 1040 INCOME TAX RETURNS, INCLUDING SCHEDULES, AND W-2 FORMS MUST BE SUBMITTED. FINANCIAL AID IS GRANTED FOR ONE SCHOOL YEAR AT A TIME. NEW APPLICATION FORMS MUST BE FILED YEARLY BY DECEMBER 15. FINANCIAL AID IS RESTRICTED TO FAMILIES WHO ARE UNITED STATES CITIZENS OR PERMANENT RESIDENTS. DOCUMENTATION FROM THE STUDENT AND THE PARENTS IS REQUIRED FOR VERIFICATION OF CITIZENSHIP OR PERMANENT RESIDENCY. IF FINANCIAL CIRCUMSTANCES CHANGE, IT IS ASSUMED THAT PARENTS WILL NOTIFY THE DEAN OF FINANCIAL AID AND WILL TAKE RESPONSIBILITY FOR AN ADJUSTED AMOUNT OF THEIR DAUGHTER'S TUITION AND FEES. X X X X true true X X X false false false false false false false true false MARK FEINER 254737 540 21945 54592 331814 DONNA BYRNES 226792 2322 23119 11667 263900 ABBY KATZ 125215 345 13500 91992 231052 THOMAS SULLIVAN 189582 407 15575 95008 300572 REBECCA WALKER 219324 415 17378 97350 334467 MOLLY H KING 485650 140000 8956 21250 114964 770820 DONNA MATHESON 260882 2322 24291 10757 298252 ANTOINETTE DECKER 105860 271 11038 93828 210997 KATHERINE SCHULZE 124418 393 10725 91112 226648 ADDITIONAL INFORMATION SCHEDULE J, PART I, LINE 1 HOUSING: THE GREENWICH ACADEMY PROVIDES HOUSING ALLOWANCES AS A CONDITION OF EMPLOYMENT FOR MOLLY KING, HEAD OF SCHOOL, AS NONTAXABLE COMPENSATION. PERSONAL SERVICES: PER CONTRACT, A HOUSEKEEPER IS PROVIDED TO THE HEAD OF SCHOOL TO MAINTAIN THE HOUSE FOR SPECIAL EVENTS AS NONTAXABLE COMPENSATION. COMPANION TRAVEL: PER CONTRACT, REIMBURSEMENT IS PROVIDED TO THE HEAD OF SCHOOL FOR SPOUSAL TRAVEL ON BEHALF OF THE SCHOOL AS NONTAXABLE COMPENSATION. NON-FIXED PAYMENTS SCHEDULE J, PART I, LINE 7 THE HEAD OF SCHOOL, MOLLY H KING, IS ELIGIBLE AT THE END OF EACH ACADEMIC YEAR BASED UPON THE ACHIEVEMENT OF AGREED UPON GOALS FOR A BONUS TO BE DETERMINED AT THE BOARD'S DISCRETION. A STATE OF CT HEALTH & EDU FCLT AUTH - SERIES E 060806186 20774ULB9 2007-03-22 30456648 REFUND OF OUTSTANDING BALANCE false false false B STATE OF CT HEALTH & EDU FCLT AUTH - SERIES D 060806186 20774LV85 2004-09-16 15341856 REFUND OF OUTSTANDING BALANCE false false false A 0 0 30456648 0 0 0 397692 960749 0 0 29098207 0 2002 false true true true B 0 0 15341826 0 0 0 274370 260286 0 0 14807200 0 1998 false true true true A false false false false 0 false false false true B false false false false 0 false false false true A false false true false false false 0 false 0 false true B false false true false false false 0 false 0 false true A true B true X 1 200000 appraisal by expert X 18 801018 FMV 1 false true false NUMBER OF CONTRIBUTORS SCHEDULE M, PART I, COLUMN (B) THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 GREENWICH ACADEMY IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR GIRLS AND YOUNG WOMEN THAT SEEKS TO FOSTER EXCELLENCE. ITS MISSION IS TO PROVIDE A CHALLENGING, COMPREHENSIVE EDUCATIONAL EXPERIENCE GROUNDED IN A RIGOROUS LIBERAL ARTS CURRICULUM WITHIN AN INCLUSIVE, DIVERSE COMMUNITY. THE SCHOOL'S OBJECTIVE IS TO DEVELOP GIRLS AND YOUNG WOMEN OF EXCEPTIONAL CHARACTER AND ACHIEVEMENT WHO DEMONSTRATE INDEPENDENCE, RESILIENCE, COURAGE, INTEGRITY AND COMPASSION. WE STRIVE, ABOVE ALL, TO HONOR OUR MOTTO, "TOWARD THE BUILDING OF CHARACTER." MEMBERS OF ORGANIZATION FORM 990, PART VI, LINES 6, 7A AND 7B THE MEMBERS OF THE GREENWICH ACADEMY ARE THE PARENTS AND GUARDIANS OF CHILDREN CURRENTLY ENROLLED IN THE SCHOOL. THE MEMBERS ELECT BETWEEN 21 AND 28 INDIVIDUALS TO SERVE ON THE BOARD OF TRUSTEES TO EXERCISE GENERAL OVERSIGHT OF THE MANAGEMENT OF THE BUSINESS AND PROPERTY OF THE SCHOOL. IN ADDITION, THE ALUMNAE ASSOCIATION PRESIDENT AND PARENTS ASSOCIATION PRESIDENT SERVE ON THE BOARD OF TRUSTEES. REGULAR BOARD MEETINGS ARE HELD, AS WELL AS AN ANNUAL BUSINESS MEETING THAT IS OPEN TO ALL MEMBERS AT THE OPENING OF SCHOOL EVERY YEAR. THE PURPOSE OF THIS MEETING IS TO ELECT ANY NEW MEMBERS OF THE BOARD OF TRUSTEES AND TO REVIEW THE PRIOR YEARS FINANCIAL OPERATIONS. THE FOLLOWING POWERS OF THE CORPORATION SHALL BE DEEMED NONDELEGABLE AND THE EXERCISE THEREOF IS RESERVED TO THE MEMBERS OF THE CORPORATION: (A) TO AMEND THE CERTIFICATE OF INCORPORATION. (B) TO DISSOLVE OR MERGE THE CORPORATION, BUT ONLY UPON THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE MEMBERS OF THE CORPORATION ACTING IN PERSON OR BY PROXY. FORM 990 REVIEW FORM 990, PART VI, LINE 11 THE MEMBERS OF THE AUDIT COMMITTEE WILL RECEIVE A COPY AND REVIEW THE COMPLETE FORM 990 WITHOUT SCHEDULE B. A COPY OF THE COMPLETE AND FINAL FORM 990, INCLUDING REQUIRED SCHEDULES, WILL BE PROVIDED TO THE CHAIR OF THE BOARD AND THE HEAD OF SCHOOL. THE CHAIR OF THE BOARD WILL REPORT ANYTHING OF SIGNIFICANCE TO THE FULL BOARD PRIOR TO FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES. THE POLICY REQUIRES, AMONG OTHER THINGS, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSIONS OR DECISIONS ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR BOARD DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS OR TO RESPOND TO QUESTIONS. ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE ORGANIZATION DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. OFFICER COMPENSATION REVIEW FORM 990, PART VI, LINE 15A AND 15B IN SETTING THE COMPENSATION FOR THE HEAD OF THE SCHOOL, THE GREENWICH ACADEMY'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, COMPRISED OF INDEPENDENT PERSONS, PERIODICALLY CONDUCTS A REVIEW TO DETERMINE THE GOING MARKET RATE OF COMPENSATION RANGES FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS BY REFERENCE TO COMPENSATION SURVEYS AND OTHER ORGANIZATIONS' FORM 990. THE GREENWICH ACADEMY SETS COMPENSATION WITHIN THE RANGE OF THE GOING MARKET RATE. NO INDIVIDUAL HAVING A CONFLICT OF INTEREST IS PERMITTED TO PARTICIPATE IN THE REVIEW OR DECISION OF COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR MOLLY KING, HEAD OF THE SCHOOL. THE ORGANIZATION DOCUMENTS THE COMPENSATION PROCESS AND RESULTS IN THE COMMITTEE MINUTES. IN SETTING THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES, THE GREENWICH ACADEMY PERIODICALLY CONDUCTS A REVIEW TO DETERMINE THE GOING MARKET RATE OF COMPENSATION RANGES FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS BY REFERENCE TO COMPENSATION SURVEYS AND OTHER ORGANIZATIONS' FORM 990. THE HEAD OF THE SCHOOL SETS COMPENSATION WITHIN THE RANGE OF THE GOING MARKET RATE. NO INDIVIDUAL HAVING A CONFLICT OF INTEREST IS PERMITTED TO PARTICIPATE IN THE REVIEW OR DECISION OF COMPENSATION. THE ORGANIZATION MAINTAINS RECORDS REGARDING COMPENSATION. GREENWICH ACADEMY'S POLICIES FOR SETTING THE COMPENSATION FOR THE HEAD OF THE SCHOOL MEET ALL OF THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION. DOCUMENT REVIEW POLICY FORM 990, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAINS: $ 3,627,397