2013-08-14T15:21:38-05:00 2012-09-30 910189318 MOSS ADAMS LLP 6100 UPTOWN BLVD NE STE 400 ALBUQUERQUE NM 87110 990 2011-10-01 850131810 THE SANTA FE OPERA SANT 5059865955 PO BOX 2408 SANTA FE NM 87504 HEATHER KEMP 5059865955 2013-08-08 1 PAMELA ALEXANDERSON P01218925 5058787200 2011 2016-02-24 21:20:13Z CAREY RAMOS PO BOX 2408 SANTA FE NM 87504 31610860 0 X WWW.SANTAFEOPERA.ORG X 1957 NM TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION OF THE OPERATIC ART FORM. 42 42 617 1205 379071 43093 9603478 13652924 8009704 9457784 1523806 1656024 918048 841028 20055036 25607760 0 0 0 0 8989116 9333648 0 0 1475546 9685900 10823672 18675016 20157320 1380020 5450440 83711408 93524964 2749683 2504629 80961725 91020335 X TO FURTHER THE OPERATIC ART FORM BY PRESENTING ENSEMBLE PERFORMANCES OF THE HIGHEST QUALITY IN A VARIED REPERTOIRE OF NEW AS WELL AS RARELY PERFORMED AND STANDARD WORKS, TO ENSURE EXCELLENCE OF OPERA'S FUTURE THROUGH ITS APPRENTICE PROGRAMS FOR ARTISTS, TECHNICIANS AND ARTS ADMINISTRATORS, AND TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION FOR OPERA IN THE COMMUNITY BY OUTREACH TO A DIVERSE PUBLIC. 0 0 13745402 9299280 ONE OF THE NATION'S MOST IMPORTANT SUMMER FESTIVALS, THE SANTA FE OPERA IS PRAISED FOR ITS INNOVATIVE REPERTORY AND HIGH STANDARDS OF EXCELLENCE. IN THE 2012 FESTIVAL SEASON, 36 PERFORMANCES OF FIVE OPERAS WERE PERFORMED: GIACOMO PUCCINI'S TOSCA, GEORGES BIZET'S THE PEARL FISHERS, GIOACHINO ROSSINI'S MAEOMETTO II, KAROL SZYMANOWSKI'S KING ROGER, AND RICHARD STRAUSS'S ARABELLA. IN ADDITION, TWO PERFORMANCES OF APPRENTICE SCENES SHOWCASED MEMBERS OF THE COMPANY'S APPRENTICE PROGRAM FOR SINGERS AND TECHNICIANS AND A SPECIAL CONCERT FEATURING SUSAN GRAHAM WAS HELD. THE TOTAL AUDIENCE WAS 76,573. THE OPERA'S FAMED APPRENTICE PROGRAM OF SINGERS, ONE OF THE NATION'S MOST DISTINGUISHED TRAINING PROGRAMS, ALLOWS 39 ASPIRING YOUNG SINGERS, CHOSEN FROM SOME 900 APPLICANTS, TO DEVELOP THEIR SKILLS BY WORKING WITH PRINCIPAL ARTISTS, MUSIC TEACHER, AND COACHES. THE APPRENTICE PROGRAM FOR TECHNICIANS PROVIDES EXPERIENCE AND TRAINING FOR SOME 73 YOUNG PEOPLE IN THE ART OF STAGECRAFT. 1025379 452492 THE SANTA FE OPERA'S EDUCATION AND COMMUNITY OUTREACH PROGRAMS OFFER A WIDE SELECTION TO BOTH STUDENTS AND ADULTS. IN 2012, 48,163 INDIVIDUALS WERE SERVED, 33,502 ADULTS AND 14,661 YOUTHS. 2012 PROGRAMS INCLUDE: PUEBLO OPERA PROGRAM BRINGS STUDENTS, ELDERS, AND CHAPERONES TO YOUTH NIGHT AT THE OPERA, A FINAL DRESS REHEARSAL FOR AN OPERA IN THE CURRENT SEASON. BEGUN IN 1973, 19 PUEBLOS AND 3 RESERVATIONS ATTEND THESE FULLY STAGED PRODUCTIONS. UNDER THE YOUTH NIGHT PROGRAM, TICKETS TO A FINAL FULL DRESS REHEARSAL WERE OFFERED TO FAMILIES AT GREATLY REDUCED PRICES FOR 2 PERFORMANCES. ARTS INTEGRATION PARTNERSHIP/STUDENT PRODUCED OPERA: ARTISTS-IN-RESIDENCE PROVIDE ELEMENTARY AND MIDDLE SCHOOL CHILDREN AS WELL AS SOME WITH SPECIAL NEEDS, OPPORTUNITIES TO EXPLORE LEARNING THROUGH THE PERFORMING ARTS OFTEN WRITING, PRODUCING, AND PERFORMING THEIR OWN OPERAS BOTH IN-SCHOOL AND AFTER SCHOOL. SPRING OPERA TOURS PRESENTING A FREE INTRODUCTION TO OPERA IN SCHOOLS AND COMMUNITITES IN NEW MEXICO AND WESTERN TEXAS. BACKSTAGE TOURS IN THE OPERA'S THEATER ARE OFFERED DURING THE WEEK THROUGHOUT THE SUMMER FESTIVAL SEASON. COMMUNITY CONCERTS PRESENT MUSICAL PROGRAMS FEATURING APPRENTICE SINGERS DURING THE SUMMER AND CHRISTMAS HOLIDAY SEASON IN DIFFERENT VENUES. THESE CONCERTS ARE FREE. OPERA MAKES SENSE IS A SPECIAL INTRODUCTION FOR THREE TO FIVE YEAR OLDS EXPLORING MUSIC THROUGH THEIR FIVE SENSES. ADULT EDUCATION OFFERS A VARIETY OF SYMPOSIUMS AND PROGRAMS FOR BOTH THE OPERA AFICIONADO AND NOVICE THROUGHOUT THE YEAR INCLUDING A NEW WEEK LONG INTENSIVE SEMINAR AND THE POPULAR PRELUDE TALKS PRIOR TO EACH OPERA. 14770781 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 373 0 1 617 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 42 42 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NM NY X THE ORGANIZATION 5059865955 301 OPERA DRIVE SANTA FE NM 87506 SUSAN F MORRIS 5.00 X X 0 0 0 EH CORRIGAN 1.00 X 0 0 0 ROBERTA D AIDEM 1.00 X 0 0 0 J BRUCE BUGG JR 1.00 X 0 0 0 R MARTIN CHAVEZ 1.00 X 0 0 0 BRUCE T CHEMEL 1.00 X 0 0 0 PAULINE K CUNCANNAN 1.00 X 0 0 0 NANCIE DOMINIC 1.00 X 0 0 0 RICHARD G HIGGINS 1.00 X 0 0 0 DAVID K INGALLS 1.00 X 0 0 0 PHILIP M JELLEY 1.00 X 0 0 0 PLATO KARAYANIS 1.00 X 0 0 0 DR WALTER L KIRCHNER 1.00 X 0 0 0 DAVID J KLEINFELD 1.00 X 0 0 0 MIRYAM KNUTSON 1.00 X 0 0 0 MARYON DAVIES LEWIS 1.00 X 0 0 0 DR RAYMOND P LUTZ 1.00 X 0 0 0 SUSAN GRAF MARINEAU 1.00 X 0 0 0 NEDRA MATTEUCCI 1.00 X 0 0 0 BARBARA BERRY MIKKELSEN 1.00 X 0 0 0 CHARLES F MOORE 1.00 X 0 0 0 DAN NAMINGHA 1.00 X 0 0 0 DAVID P PADILLA 1.00 X 0 0 0 GRETCHEN J POMEROY 1.00 X 0 0 0 ANN ROLLEY 1.00 X 0 0 0 GEORGE SHIRLEY 1.00 X 0 0 0 FREDERICK J SIMON 1.00 X 0 0 0 IRWIN J SUGARMAN 1.00 X 0 0 0 ROBERT G WEISS 1.00 X 0 0 0 DAN PERRY 1.00 X 0 0 0 FREDERICK HAAS 1.00 X 0 0 0 ANN SHILLING HARRISON 1.00 X 0 0 0 ROBERT TURNER 1.00 X 0 0 0 DANNEHL TWOMEY 1.00 X 0 0 0 THE HONORABLE PATIRICA A MCFATE 5.00 X X 0 0 0 HEATHER KEMP 40.00 X 109344 0 9354 CHARLES MACKAY 40.00 X 334874 0 9960 JAMES R SEITZ JR 5.00 X X 0 0 0 CAREY R RAMOS 5.00 X X 0 0 0 CAROLE ELY 40.00 X 138720 0 9411 PAUL HORPEDAHL 40.00 X 113218 0 12608 BRADLEY WOOLBRIGHT 40.00 X 138623 0 9619 ROBERTA COOPER RAMO 5.00 X X 0 0 0 FREDERICK CHASLIN 40.00 X 133461 0 0 JOSEPH M BRYAN JR 5.00 X X 0 0 0 DR ROBERT M ZONE 5.00 X X 0 0 0 DIANNE LOOMIS 5.00 X X 0 0 0 T PETER TOWNSEND 5.00 X X 0 0 0 PETER B FRANK 5.00 X X 0 0 0 968240 0 50952 6 0 1 0 BLUE SKY BUILDERS PO BOX 608 ESPANOLA NM 87532 CONSTRUCTION 758622 BON APPETIT 1600 ST MICHAELS DR SANTA FE NM 87505 FOOD SERVICES 289771 SAGE BUSINESS CONSULTING 609 BROADWAY BLVD NE STE 213 ALBUQUERQUE NM 87102 COMPUTER CONSULTING 197782 CPC SOLUTIONS 2800 PRINTERS WAY GRAND JUNCTION CO 81506 PRINTING 152688 SYNCH PO BOX 37278 ALBUQUERQUE NM 87176 ADVERTISING BROKER 136900 5 340400 115010 13197514 2249913 13652924 PERFORMANCE ADMISSIONS 711110 8286790 8286790 AUXILARY OPERATIONS 711110 1170994 1170994 9457784 745203 745203 467492 100168 428344 6503 39148 93665 132813 132813 6036297 1810 5118966 8320 917331 -6510 910821 910821 225726 340400 190570 35156 35156 296736 250397 46339 31275 15064 MISCELLANEOUS REVENUE 711110 262713 262713 ADVERTISING REVENUE 511120 171464 171464 SPONSORSHIP REVENUE 611710 125825 125825 66718 66718 626720 25607760 9751772 379071 1823993 533473 137523 259677 136273 7174544 5400279 1069194 705071 176672 108289 57194 11189 849791 589721 164105 95965 599168 451280 87701 60187 48731 48731 89290 89290 92393 92393 1850152 1716970 107469 25713 603477 499511 71853 32113 707999 552461 107505 48033 249517 149799 83334 16384 174393 174393 967789 627006 340783 1834977 1721694 75435 37848 48257 21123 20950 6184 1385011 427035 957976 350199 86139 264060 COSTUMES, SCENERY, PROP 1280068 1280068 ENTERTAINMENT AND CULTI 411667 127438 7087 277142 AUXILIARY EXPENSE 376430 376430 COMPLIMENTARY TICKETS 196698 193591 3107 156624 130031 3149 23444 20157320 14770781 3910993 1475546 2700 499 3594719 5717679 7268042 11144008 45211 250329 67633 68387 807837 722217 51355181 17728345 34608580 33626836 22867291 30656030 11899381 9392715 2550014 1946264 83711408 93524964 617878 1047472 744036 1126931 1387769 330226 2749683 2504629 X 35703035 37059442 3861518 12407520 41397172 41553373 80961725 91020335 83711408 93524964 X 5450440 4608170 X 0 1 1 X 0 X 10933541 8512416 11969165 9603478 13652924 54671524 8463129 8132620 8026590 8009704 9457784 42089827 19396670 16645036 19995755 17613182 23110708 96761351 1877592 3482098 1952209 2061341 8658728 18031968 0 1877592 3482098 1952209 2061341 8658728 18031968 78729383 1323724 1043171 1094421 1201163 1312863 5975342 1323724 1043171 1094421 1201163 1312863 5975342 47108 83549 69054 29215 43093 272019 293183 329877 209104 568510 488439 1889113 21060685 18101633 21368334 19412070 24955103 104897825 0.75050 0.80710 0.05700 0.05930 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III, LINE 12 EXPLANATION FOR OTHER INCOME: 2007 2008 2009 2010 2011 MISCELLANEOUS INCOME $5,774 $9,545 $2,581 $252,650 $262,713 FUNDRAISING INCOME $287,409 $320,332 $206,523 $315,860 $225,726 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43425684 1386307 4731223 1616690 47926524 44743815 1639451 -986696 1970886 43425684 38213883 1588987 2804763 2308655 40298978 38241294 1761005 291401 2079817 38213883 0.09100 0.84400 0.06500 0 0 5348930 5348930 42307336 14998245 27309091 3698915 2730100 968815 33626836 WEATHERLOW MARKETABLE ALTERNATIVES 5654737 F AETOS MARKETABLE ALTERNATIVES 2520947 F TIFF REAL ESTATE II LP 1217031 F 9392715 ANNUITIES PAYABLE 330226 330226 25607760 20157320 5450440 3232657 1375513 4608170 10058610 30829438 3232657 64371 2052384 5349412 25480026 127734 127734 25607760 20770828 64371 676871 741242 20029586 127734 127734 20157320 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PRODUCE A REALATIVELY PREDICTABLE AND STABLE INCOME STREAM TO GROW AND TO SUPPORT PRESENT AND FUTURE PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE OPERA HAS ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ON JANUARY 1, 2009, WHICH HAD NO FINANCIAL STATEMENT IMPACT TO THE OPERA. THE OPERA RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. ANY SUCH TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE OPERA HAD NO UNRECOGNIZED TAX BENEFITS WHICH WOULD REQUIRE AN ADJUSTMENT TO THE OCTOBER 1, 2009 BEGINNING BALANCE OF NET ASSETS AND HAD NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2012 OR 2011. THE OPERA FILES AN EXEMPT ORGANIZATION RETURN WITH THE INTERNAL REVENUE SERVICE (IRS). IT IS NOT A "PRIVATE FOUNDATION" FOR TAX PURPOSES. THE OPERA HAD MINIMAL TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2012 AND 2011. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN ESTABLISHED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE OPERA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE IRS FOR TAX YEARS THROUGH SEPTEMBER 30, 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 1,375,513. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST 1,375,513. AUXILLARY EXPENSE 235,904. FUNDRAISING EXPENSE 190,570. COGS INVENTORY 250,397. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COGS INVENTORY 250,397. AUXILLARY EXPENSES 235,904. FUNDRAISING EXPENSES 190,570. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5654737 0 0 0 0 0 0 5654737 0 5654737 0 0 0 0 0 0 GALA 381334 248789 132545 102532 HOLIDAY PARTY 102787 42566 60221 56160 2 82005 49045 32960 31878 566126 340400 225726 190570 190570 35156 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHARLES MACKAY 286277 0 12950 0 35647 0 0 0 9960 0 344834 0 0 0 PART I, LINE 1A THE SANTA FE OPERA OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE OPERA'S FACILITIES. THE CLOSE PROXIMITY OF THE RESIDENCE AND THE GENERAL DIRECTOR'S LIVING THEREIN HAVE IMPORTANT BENEFITS FOR THE OPERA. THE GENERAL DIRECTOR IS THEREBY AVAILABLE ON SHORT NOTICE FOR IMPORTANT BUSINESS ON THE OPERA GROUNDS AS WELL AS ABLE TO ENTERTAIN AND MEET WITH THE OPERA'S GUESTS, ARTISTIC PARTNERS AND STAFF. THE GENERAL DIRECTOR, AS A CONDITION OF EMPLOYMENT, IS REQUIRED BY THE OPERA TO RESIDE IN THE GENERAL DIRECTOR'S RESIDENCE. THE SANTA FE OPERA REPORTS TO THE INTERNAL REVENUE SERVICE AS COMPENSATION TO THE GENERAL DIRECTOR ADDITIONAL TAXABLE INCOME FOR THE FAIR MARKET RENTAL VALUE AND UTILITY COSTS OF THE PREMISES. THE OPERA HAS AGREED TO REIMBURSE THE GENERAL DIRECTOR FOR ANY OUT-OF-POCKET COSTS INCURRED DURING THE USE OF THE GENERAL DIRECTOR'S RESIDENCE FOR OPERA BUSINESS. DETAILED RECORDS ARE REQUIRED TO BE MAINTAINED OF THE OPERA'S OFFICIAL USE OF THE RESIDENCE AND SUBMITTED TO THE PRESIDENT AND THE DIRECTOR OF FINANCE AND ACCOUNTING. THE TAX INDEMNIFICATION AND GROSS UP PAYMENTS REPRESENT THE TAX PAID BY THE OPERA, AND INCLUDED IN CHARLES MACKAY'S W-2, TO COVER THE TAX ON THE HOUSING ALLOWANCE. X 17 2123609 MARKET QUOTES X MUSICAL INSTRUMENTS 1 22750 APPRAISAL X COSTUMES/ PROPERTIES 12 9755 FAIR VALUE X PARTY EXPENSES 13 58583 FAIR VALUE X FURNISHINGS 2 2750 FAIR VALUE X AUCTION ITEMS 44 32466 FAIR VALUE 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS OF THE SANTA FE OPERA HAS APPROVED A RESOLUTION APPROVING A PROCESS BY WHICH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FULL VERSION OF THE FORM 990 INCLUDING ALL SCHEDULES AS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. AFTER REVIEW AND ANY CHANGES BY THE AUDIT COMMITTEE, THE DRAFT PUBLIC DISCLOSURE VERSION OF THE FORM 990, EXCLUDING SCHEDULE B (SCHEDULE OF CONTRIBUTORS) IS SENT ELECTRONICALLY OR BY PRIORITY MAIL TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT BEFORE IT IS FILED WITH THE IRS. THE SCHEDULE B, TO THE FORM 990 IS NOT REVIEWED BY THE BOARD DUE TO THE CONFIDENTIAL AND PRIVATE NATURE OF ITS DONOR LIST. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS OF THE SANTA FE OPERA ARE ASKED EACH YEAR TO SIGN CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND TO SUBMIT THESE SIGNED STATEMENTS TO THE SECRETARY OF THE BOARD OF DIRECTORS. BY SIGNING THE ANNUAL DISCLOSURE STATEMENTS, EACH DIRECTOR UNDERTAKES TO NOTIFY THE PRESIDENT OF THE OPERA OF ANY MATERIAL CHANGES THAT MIGHT RESULT IN A CONFLICT OF INTEREST. THE PRESIDENT REVIEWS THE SIGNED DISCLOSURE STATEMENTS FOR CONFLICTS AND, WITH THE ASSISTANCE OF COMMITTEE CHAIRS, MONITORS COMPLIANCE WITH THE POLICY AT MEETINGS OF THE BOARD AND COMMITTEES CONSIDERING TRANSACTIONS OR ARRANGEMENTS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST. THE SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPLIANCE WITH THIS POLICY IS MONITORED BY THE AUDIT COMMITTEE. IF A CONFLICT ARISES, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION. THERE HAVE BEEN NO INCIDENCES OF CONFLICT DURING THE REPORTING PERIOD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPOSED OF THE PRESIDENT, CHAIRMAN, TREASURER AND TWO ADDITIONAL BOARD MEMBERS APPOINTED BY THE PRESIDENT, ALL OF WHOM ARE UNRELATED TO THE GENERAL DIRECTOR, REVIEWS AND APPROVES COMPENSATION AND OTHER TERMS OF EMPLOYMENT FOR THE GENERAL DIRECTOR. IN CONSIDERING APPROPRIATE COMPENSATION FOR THIS POSITION, THE COMPENSATION COMMITTEE REVIEWS SALARY DATA FOR COMPARABLE POSITIONS AT SIMILAR OPERA COMPANIES. THE COMPENSATION COMMITTEE ALSO CONDUCTS ANNUAL REVIEWS OF THE PERFORMANCE OF THE GENERAL DIRECTOR. MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS ARE RECORDED AND MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPENSATION FOR THE DIRECTOR OF ACCOUNTING AND FINANCE IS DETERMINED BY THE GENERAL DIRECTOR. THE GENERAL DIRECTOR TAKES JOB PERFORMANCE AND SALARY DATA FOR COMPARABLE POSITIONS AT OTHER OPERA COMPANIES INTO ACCOUNT WHEN SETTING THE ANNUAL SALARY FOR THE DIRECTOR OF ACCOUNTING AND FINANCE. THIS PROCESS WAS LAST COMPLETED IN 2012. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICES OF THE SANTA FE OPERA. THEY ARE MADE AVAILABLE TO MEMBERS OF THE PUBLIC WHO MAKE WRITTEN REQUESTS FOR THE INFORMATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3,232,657. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 1,375,513. TOTAL TO FORM 990, PART XI, LINE 5: 4,608,170.