2013-04-13T12:57:36-05:00 2012-06-30 232108173 REINSEL KUNTZ LESHER LLP 1330 BROADCASTING ROAD PO BOX 7008 WYOMISSING PA 196106008 990 2011-07-01 236050680 RICHARD J CARON FOUNDATION RICH 6106782332 PO BOX 150 WERNERSVILLE PA 195650150 ANDREW ROTHERMEL 6106782332 2013-03-28 1 SARA STEWART P01584346 6103761595 2011 2016-02-25 16:41:14Z CARON CARON TREATMENT CENTERS CARON NEW YORK CARON PHILADELPHIA BREAKTHROUGH AT CARON CARON BOSTON CARON DC CARON BERMUDA ANDREW ROTHERMEL PO BOX 150 WERNERSVILLE PA 195650150 82348595 0 X WWW.CARON.ORG X 1957 PA TO PROVIDE AN ENLIGHTENED, CARING TREATMENT COMMUNITY IN WHICH ALL THOSE AFFECTED BY ALCOHOLISM OR OTHER DRUG ADDICTION MAY BEGIN A NEW LIFE. 25 25 670 25 -6101 -6101 16030924 4523343 62398777 68402549 747705 371979 659506 667550 79836912 73965421 8988687 9446330 0 0 31199033 35582604 124706 127610 1325682 25177866 27650800 65490292 72807344 14346620 1158077 92293634 92610925 17450555 16746375 74843079 75864550 X TO PROVIDE AN ENLIGHTENED, CARING TREATMENT COMMUNITY IN WHICH ALL THOSE AFFECTED BY ALCOHOLISM OR OTHER DRUG ADDICTION MAY BEGIN A NEW LIFE. 0 0 27367803 33688802 RICHARD J CARON FOUNDATION PROVIDED INPATIENT SUBSTANCE ABUSE TREATMENT TO APPROXIMATELY 910 ADULTS IN 2011-2012. CARON PROVIDED 39,002 DAYS OF CARE TO THESE PATIENTS. 19761505 26476564 RICHARD J CARON FOUNDATION PROVIDED INPATIENT SUBSTANCE ABUSE TREATMENT TO APPROXIMATELY 726 ADOLESCENTS AND YOUNG ADULTS IN 2011-2012. CARON PROVIDED APPROXIMATELY 29,098 DAYS OF CARE TO THESE PATIENTS. 1955272 653125 CARON'S STUDENT ASSISTANCE PROGRAM (SAP) HAS BEEN PROVIDING OUTREACH TO SCHOOLS IN THE NEW ENGLAND AND MID-ATLANTIC STATES SINCE 1990. MORE THAN 80,000 STUDENTS, TEACHERS, AND PARENTS BENEFIT FROM SOME ASPECT OF STUDENT ASSISTANCE PROGRAMMING EACH YEAR. 1680267 1716683 BREAKTHROUGH AT CARON IS A 5-1/2 DAY PROGRAM SPECIFICALLY DESIGNED FOR INDIVIDUALS IMPACTED BY FAMILY OR RELATIONSHIP DYSFUNCTION IN CHILDHOOD OR ADULT LIFE. 1726232 10255 RICHARD J CARON FOUNDATION PROVIDED PHILADELPHIA AND NEW YORK SUPPORT GROUP PROGRAMS FOR PARENTS AND ADOLESCENTS AFFECTED BY THE DISEASE OF ADDICTION. 4397277 MANAGEMENT SERVICES PROVIDED TO CARON FOUNDATION OF FLORIDA, HANLEY CENTER, CARON FOUNDATION OF TEXAS, AND CARON FOUNDATION OF BERMUDA. 1502812 1459843 OUTPATIENT SUBSTANCE ABUSE TREATMENTS TO ADULTS AND ADOLESCENTS. 4909311 7584058 53993891 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 X 80 0 1 670 1 1 1 1 BD 0 0 0 1 1 0 0 0 0 X 25 25 1 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AZ CA CO CT DC FL GA IL KS KY ME MD MA MI MN MO NH NJ NY NC OH OR PA RI SC TN VA WA WV WI X RICHARD J CARON FOUNDATION 6106782332 PO BOX 150 WERNERSVILLE PA 195650150 BENJAMIN J ZINTAK III 1.00 X X 0 0 0 CASEY DUFFY 1.00 X X 0 0 0 SHARON MCGINLEY 1.00 X X 0 0 0 BETH FITZSIMONS 1.00 X X 0 0 0 MICHAEL LAWRENCE 1.00 X X 0 0 0 LES AROUH 1.00 X 0 0 0 ALLEN H ARROW 1.00 X 0 0 0 MICHAEL COLLINS 1.00 X 0 0 0 EDWIN M DEALY 1.00 X 0 0 0 LINDA CARON DENBY 1.00 X 0 0 0 JOHN J DUFFY ESQ 1.00 X 0 0 0 BRUCE EANET 1.00 X 0 0 0 STEPHEN J ESSER 1.00 X 0 0 0 JOHN P FITZSIMONS 1.00 X 0 0 0 GARY GIGLIO 1.00 X 0 0 0 KENNETH D GILL JR 1.00 X 0 0 0 SCOTT S GREEN 1.00 X 0 0 0 JAMES OLAN HUTCHESON 1.00 X 0 0 0 DANIEL B HUYETT ESQ 1.00 X 0 0 0 STEPHEN J KANE 1.00 X 0 0 0 PETRA LEVIN 1.00 X 0 0 0 MICHAEL J MCGLINN 1.00 X 0 0 0 JEFFREY RUSH 1.00 X 0 0 0 MARK SKIBBIE 1.00 X 0 0 0 JAMES W TAYLOR 1.00 X 0 0 0 DOUGLAS TIEMAN 40.00 X 593259 0 82301 MICHAEL S EARLY 40.00 X 262150 0 13108 ANDREW J ROTHERMEL 40.00 X 303585 0 57228 JOSEPH K LAUGINIGER JR 40.00 X 224375 0 11219 MARY ORLANDO 40.00 X 205619 0 10281 KENNETH W THOMPSON 40.00 X 282003 0 14100 JAMES F MCMANUS 40.00 X 172139 0 8607 WILLIAM D TEUTEBERG III 40.00 X 261387 0 13068 ANN SMITH CROW 40.00 X 157960 0 7898 2462477 0 217810 29 0 1 0 EDWARD CHASTKA MD 1500 PENN AVENUE 1 WYOMISSING PA 19610 PHYSICIAN 175360 DUANE MORRIS LLP 30 S 17TH STREET PHILADELPHIA PA 19103 ATTORNEYS 140198 STEVENS AND LEE 111 N 6TH STREET PO BOX 679 READING PA 19603 ATTORNEYS 105897 3 1008115 60000 3455228 81144 4523343 ADOLESCENT CENTER 624100 20105460 20105460 ADULT PATIENT SERVICES 624100 18195591 18195591 CHARITY CARE 624100 9446330 9446330 ADULT EXTENDED CARE 624100 5652492 5652492 CONTRACTUAL ALLOWANCE 624100 5010358 5010358 9992318 9992318 68402549 429926 429926 113896 191942 -78046 -78046 -6101 -71945 7212818 7270765 -57947 -57947 -57947 1266477 1008115 696867 569610 569610 259657 223600 36057 36057 RECOVERY ON UNCOLLECTI 900099 100841 100841 MEALS SOLD 900099 17873 17873 LAUNDROMAT INCOME 900099 17710 17710 3505 3505 139929 73965421 68402549 -6101 1045630 9446330 9446330 1708518 1708518 24044873 16299078 7118907 626888 716608 558954 136156 21498 7013679 5470670 1332599 210410 2098926 1637162 398796 62968 228004 228004 80037 80037 127610 127610 3845745 3084289 657621 103835 1856980 1448445 352826 55709 1233947 962479 234450 37018 1279897 998320 243180 38397 83615 65220 15887 2508 316997 316997 660010 660010 2959553 2959553 380489 380489 CONTRACTUAL ALLOWANCE 5010358 5010358 DEVELOPMENT AND PUBLIC 3805510 3805510 DIETARY EXPENSE 2973553 2973553 MAINTENANCE AND REPAIRS 821138 640488 156016 24634 2114967 1593035 507725 14207 72807344 53993891 17487771 1325682 8344245 4656455 8270911 5284453 1122952 1038769 1700000 783941 649229 66381503 24178880 42811245 42202623 24066597 25071384 6893743 12008012 92293634 92610925 4252152 4653583 2636049 2371000 6605000 6285000 2602222 2148888 1355132 1287904 17450555 16746375 X 53863855 57032117 13866589 10275349 7112635 8557084 74843079 75864550 92293634 92610925 X 1158077 -136606 X 0 1 1 X 0 X 14377372 5728816 3526280 16030924 4523343 44186735 52587263 52473171 56579087 63313303 69928683 294881507 66964635 58201987 60105367 79344227 74452026 339068242 269542 151295 314688 680418 547969 1963912 0 269542 151295 314688 680418 547969 1963912 337104330 769542 585402 499005 436393 437727 2728069 769542 585402 499005 436393 437727 2728069 488381 444811 414123 393430 139929 1880674 68222558 59232200 61018495 80174050 75029682 343676985 0.98090 0.95480 0.00790 0.00970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7362635 1444449 8807084 7180672 181963 7362635 6888665 292007 7180672 6237070 651595 6888665 1.00000 0 0 1212111 1212111 51892480 17428658 34463822 10805491 6447488 4358003 2471421 302734 2168687 42202623 DEFERRED FINANCING COSTS 287314 CONSTRUCTION IN PROGRESS 2145410 DUE FROM RELATED ENTITY 9407288 WORKS OF ART AND TREASURE 168000 12008012 CHARITABLE GIFT ANNUITY OBLIGATION 85108 INTEREST RATE SWAP 1202796 1287904 73965421 72807344 1158077 -219894 83288 -136606 1021471 79861865 -219894 5000 24250798 24035904 55825961 18139460 18139460 73965421 78231655 5000 23558771 23563771 54667884 18139460 18139460 72807344 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS WILL BE USED TO PROVIDE SUPPORT TO CHARITY CARE AND PROGRAM SERVICES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS A NOT-FOR-PROFIT ORGANIZATION, THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS STATEMENTS OF PENALTIES AND INTEREST. FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, THERE WERE NO ACCRUALS FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE ORGANIZATION FILES TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. THE ORGANIZATION'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED JUNE 30, 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT - CARON OF FL FAIR VALUE ADJUSTMENT 83,288. PART XII, LINE 2D - OTHER ADJUSTMENTS: CARON FOUNDATION OF FLORIDA REVENUE PER AUDITED FINANCIAL STATEMENT 19,470,785. CARON FOUNDATION OF TEXAS REVENUE PER AUDITED FINANCIAL STATEMENT 3,831,587. RENTAL EXPENSES, REPORTED ON PART VIII, LINE 6B 191,942. CARON FOUNDATION OF BERMUDA REVENUE (FOREIGN-SOURCE) PER AUDITED FINANCIALS 532,884. STORE EXPENSES, REPORTED ON PART VIII, LINE 10B 223,600. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONTRACTUAL ALLOWANCE 5,010,358. CHARITY CARE 9,446,330. COLLECTION AGENCY FEES 36,621. FAIR VALUE ADJUSTMENT ON INTEREST RATE SWAP 375,585. PAYMENTS TO AFFILIATE, REPORTED ON PART IX, LINE 21 660,010. INTERCOMPANY ELIMINATIONS 2,610,556. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CARON FOUNDATION OF FLORIDA EXPENSES PER AUDITED FINANCIAL STATEMENT 16,290,962. CARON FOUNDATION OF TEXAS REVENUE PER AUDITED FINANCIAL STATEMENT 6,202,804. RENTAL EXPENSES, REPORTED ON PART VIII, LINE 6B 191,942. CARON FOUNDATION OF BERMUDA EXPENSES (FOREIGN-SOURCE) PER AUDITED FINANCIALS 649,463. STORE EXPENSES, REPORTED ON PART VIII, LINE 10B 223,600. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CONTRACTUAL ALLOWANCES 5,010,358. CHARITY CARE 9,446,330. INTERCOMPANY ELIMINATIONS 2,610,556. COLLECTION AGENCY FEES 36,621. PAYMENTS TO AFFILIATE, REPORTED ON PART IX, LINE 21 660,010. FAIR VALUE ADJUSTMENT ON INTEREST RATE SWAP 375,585. X X X X X X X 1 BUCKLEY HALL EVENTS 17-19 MARBLE AVENUE PLEASANTVILLE NJ 10570 COORDINATE NEW YORK GALA 0 654780 73870 580910 JANE BARR PINO & ASSOCIATES 1231 HIGHLAND AVENUE FORT WASHINGTON PA 19034 COORDINATE PHILADELPHIA DINNER 0 454560 32125 422435 ADVANTAGE 208 PASSAIC AVENUE 2ND FLOOR FAIRFIELD NJ 07004 CONDUCT TELEPHONE & MAIL OUTREACH 0 49037 21615 27422 1158377 127610 1030767 AL AZ CA CO CT DC FL GA IL KS KY ME MD MA MI MN MO NH NJ NY NC OH OR PA RI SC TN VA WA WI WV NEW YORK DINNER 641530 258939 382591 6925 11575 190630 PHILADELPHIA DINNER 454560 213560 241000 2144 1144 35665 7 1178501 535616 642885 20017 17000 411765 2274591 1008115 1266476 29086 29719 638060 696865 569611 1 CHARITY CARE FOR TREATMENT AT CARON FOUNDATION 899 9446330 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION PROVIDES DISCOUNTED CARE AND CARE PROVIDED AT NO CHARGE TO PATIENTS ON A FINANCIAL NEED BASIS. THE CRITERIA FOR CHARITY CARE CONSIDER OBJECTIVE CRITERIA SUCH AS FAMILY INCOME AND NET WORTH, AS WELL AS, SUBJECTIVE CRITERIA SUCH AS AN INDIVIDUAL'S MOTIVATION FOR RECOVERY AND THE REFERRAL SOURCE. X X X 0 0 0 0 0 0 0 0 0 DOUGLAS TIEMAN 365781 0 74247 0 153231 0 64503 0 17798 0 675560 0 0 0 MICHAEL S EARLY 224642 0 37508 0 0 0 5243 0 7865 0 275258 0 0 0 ANDREW J ROTHERMEL 264610 0 38975 0 0 0 48121 0 9107 0 360813 0 0 0 JOSEPH K LAUGINIGER JR 192855 0 31520 0 0 0 4488 0 6731 0 235594 0 0 0 MARY ORLANDO 176616 0 29003 0 0 0 4112 0 6169 0 215900 0 0 0 KENNETH W THOMPSON 261645 0 20358 0 0 0 5640 0 8460 0 296103 0 0 0 JAMES F MCMANUS 152259 0 19880 0 0 0 3443 0 5164 0 180746 0 0 0 WILLIAM D TEUTEBERG III 225798 0 35589 0 0 0 5227 0 7841 0 274455 0 0 0 ANN SMITH CROW 135362 0 22598 0 0 0 3159 0 4739 0 165858 0 0 0 BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 237418629 2011-09-01 6285000 REFUND A PRIOR ISSUE 0 0 0 6285000 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 X SCHEDULE K, PART I, BOND ISSUES: (F) DESCRIPTION OF PURPOSE, CONT'D: PROCEEDS OF THE BONDS WERE USED TO REFUND CERTAIN INDEBTEDNESS ORIGINALLY ISSUED ON SEPTEMBER 1, 2005. SCHEDULE K: WRITTEN PROCEDURES: SUPPLEMENTAL INFORMATION RELATED TO THE FOLLOWING QUESTIONS: PART III, PRIVATE BUSINESS USE, LINE 9 PART IV, ARBITRAGE, LINE 7 PART V, PROCEDURES TO UNDERTAKE CORRECTIVE ACTION THE BOARD OF DIRECTORS OF THE ORGANIZATION INTENDS TO CONSIDER THE ENACTMENT OF POST-ISSUANCE COMPLIANCE POLICIES AT ITS BOARD MEETING TO BE HELD FEBRUARY 21, 2013 TO (1) ENSURE THAT ALL NONQUALIFIED BONDS ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS OF REGULATIONS SECTIONS 1.141-12 AND 1.145-2, (2) MONITOR THE REQUIREMENTS OF SECTION 148 AND (3) ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. DANIEL B HUYETT DANIEL B. HUYETT, DIRECTOR, IS A PARTNER OF STEVENS & LEE 105897 STEVENS & LEE PROVIDED LEGAL SERVICES TO CARON 0 X 5 52057 X RAFFLE ITEMS 29087 FAIR MARKET VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES MORGAN STANLEY. THEY SEND GIFTED STOCK TO MORGAN STANLEY, WHERE IT IS CASHED IMMMEDIATELY. FOR THIS PURPOSE, THE ORGANIZATION HAS AN OPEN ACCOUNT WITH A MINIMUM BALANCE WITH MORGAN STANLEY. DID THE ORGANIZATION COMPLY WITH BACKUP WITHHOLDING RULES FORM 990, PART V, LINE 1C THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER, IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 2 JOHN DUFFY AND CASEY DUFFY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED ON JULY 1, 2011. THE CHANGES ARE SUMMARIZED BELOW: ARTICLE IV TRUSTEES: SECTION 1 - NUMBER AND QUALIFICATIONS 1) THE NUMBER OF TRUSTEES ON THE BOARD INCREASES FROM TWENTY-SIX (26) TO TWENTY-NINE (29) - THIS IS BEING CHANGED TO ACCOMMODATE THE ADDITION OF FOUR (4) BOARD MEMBERS REPRESENTING THE HANLEY CENTER. 2) FURTHER DOWN IN THIS SECTION THE FOUR (4) REPRESENTATIVES OF THE HANLEY CENTER WHO WILL BE SERVING AS CARON BOARD OF TRUSTEE MEMBERS ARE OUTLINED. 3) BOSTON IS ADDED AS A REGIONAL ADVISORY BOARD. ARTICLE VI COMMITTEES: SECTION 2 - EXECUTIVE COMMITTEE 1) EXECUTIVE COMMITTEE INCREASES TO THIRTEEN (13) TO ACCOMMODATE TWO (2) ADDITIONAL MEMBERS REPRESENTING THE HANLEY CENTER. ARTICLE VI COMMITTEES: SECTION 3 - GOVERNANCE COMMITTEE 1) COMMITTEE CHAIR SELECTION - THE COMMITTEE CHAIRS WILL NOW BE NOMINATED BY THE GOVERNANCE COMMITTEE AND ELECTED BY THE BOARD OF TRUSTEES, RATHER THAN BEING APPOINTED BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE PERSONS CONSTITUTING THE BOARD OF DIRECTORS SHALL BE THE MEMBERS OF THE CORPORATION AND SHALL EXERCISE ALL THE RIGHTS AND POWERS OF MEMBER. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS (MEMBERS) MUST APPROVE THE EXECUTIVE COMMITTEE'S DECISION TO DO ANY OF THE FOLLOWING: 1) TERMINATE THE EMPLOYMENT OR REMOVE FROM OFFICE THE PRESIDENT/CEO OR ANY OTHER CORPORATE OFFICER OR DIRECTOR, 2) PURCHASE OR SELL ANY CORPORATE ASSETS WHICH ARE NOT WITHIN THE CORPORATION'S NORMAL COURSE OF BUSINESS OR APPROVED BUDGET OR HAVE A VALUE IN EXCESS OF $50,000, OR 3) BORROW FUNDS OR GRANT SECURITY THEREFOR IN AN AMOUNT EXCEEDING ANY PREVIOUSLY APPROVED LINE OF CREDIT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE FOLLOWING THE REVIEW OF THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES SUBMIT A SIGNED STATEMENT ANNUALLY WHICH LISTS POTENTIAL CONFLICTS. THIS INFORMATION IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS BASED ON RECOMMENDATIONS FROM OUTSIDE INDEPENDENT COUNSEL BASED ON COMPARABILITY DATA. COMPENSATION IS DETERMINED AND APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 CAN BE OBTAINED UPON REQUEST FROM THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE TO DONORS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -219,894. PRIOR PERIOD ADJUSTMENT - CARON OF FL FAIR VALUE ADJUSTMENT 83,288. TOTAL TO FORM 990, PART XI, LINE 5: -136,606. CARON FOUNDATION OF FLORIDA INC PO BOX 150 WERNERSVILLE PA 195650501 061675898 TREATMENT SERVICES FOR CHEMICAL DEPENDENCY, SEXUAL TRAUMA AND GAMBLING ADDIC FL 501(C)(3) LINE 9 RICHARD J CARON FOUNDATION 0 CARON OF BERMUDA PO BOX 150 WERNERSVILLE BD 19565-0501 PROVIDE OUTPATIENT AND REFERRAL SERVICES FOR SUBSTANCE ABUSE TREATMENT BD RICHARD J CARON FOUNDATION 0 CARON FOUNDATION OF TEXAS INC PO BOX 150 WERNERSVILLE PA 195650501 270835888 TREATMENT OF ADDICTIVE DISEASES PA 501(C)(3) LINE 3 RICHARD J CARON FOUNDATION 0 0 0 0 1 1 0 0 0 0 0 1 0 1 1 0 1 0 1 CARON OF BERMUDA R