FURP.ORG / PUBLIC DATA EXPLORER

ROTARY CLUB OF WEST ORANGE FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
ROTARY CLUB OF WEST ORANGE FOUNDATION INC (EIN 01-0738784)
Tax period
2012-07-01 to 2013-06-30
Filed
2013-11-14
IRS object ID
201313189349306196
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-11-14T15:33:41-06:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1LEVINE JACOBS & COMPANY LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1333 EISENHOWER PARKWAYAddressLine1
CityLIVINGSTONCity
StateNJState
ZIP Code07039ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN010738784EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ROTARY CLUB OF WEST ORANGEBusinessNameLine1
Business Name Line2FOUNDATION INCBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlROTANameControl
Phone9739929400Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O M H KARU 333 EISENHOWER PKYAddressLine1
CityLIVINGSTONCity
StateNJState
ZIP Code070391722ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameEDWARD ENGINGERName
TitleCHAIRMANTitle
Phone9739929400Phone
Date Signed2013-11-11DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMICHAEL H KARUName
Phone9739929400Phone
Date Prepared2013-11-11DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonEDWARD ENGINGERNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1474 PROSPECT STREETAddressLine1
CityWEST ORANGECity
StateNJState
ZIP Code07052ZIPCode
FieldValueIRS element (for citing)
Gross Receipts77339GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.WESTORANGEROTARY.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2002YearFormation
State Legal DomicileNJStateLegalDomicile
Activity Or Mission DescriptionFUNDING LOCAL & ROTARY INTERNATIONAL BASED CHARITIES AND FUNDING OF COLLEGE SCHOLARSHIPSActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members0NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year4600ContributionsGrantsPriorYear
Contributions Grants Current Year16849ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year-5558InvestmentIncomePriorYear
Investment Income Current Year5185InvestmentIncomeCurrentYear
Other Revenue Prior Year42023OtherRevenuePriorYear
Other Revenue Current Year49705OtherRevenueCurrentYear
Total Revenue Prior Year41065TotalRevenuePriorYear
Total Revenue Current Year71739TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year39799GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY52991GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year8560TotalFundrsngExpCurrentYear
Other Expense Prior Year8541OtherExpensePriorYear
Other Expenses Current Year9439OtherExpensesCurrentYear
Total Expenses Prior Year48340TotalExpensesPriorYear
Total Expenses Current Year62430TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-7275RevenuesLessExpensesPriorYear
Revenues Less Expenses CY9309RevenuesLessExpensesCY
Total Assets BOY99173TotalAssetsBOY
Total Assets EOY108482TotalAssetsEOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY99173NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY108482NetAssetsOrFundBalancesEOY
Mission DescriptionFUNDING LOCAL & ROTARY INTERNATIONAL BASED CHARITIES AND FUNDING OF COLLEGE SCHOLARSHIPSMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense15558Expense
Grants14900Grants
DescriptionSCHOLARSHIP & ACADEMIC AWARDS - COLLEGE SCHOLARSHIPS AND ACADEMIC ACHEIVEMENT AWARDS ARE GIVEN TO GRADUATING HIGH SCHOOL SENIORS WHO LIVE IN WEST ORANGE, NJDescription

Activity2 Activity2

FieldValueIRS element (for citing)
Expense38091Expense
Grants38091Grants
DescriptionGRANTS TO CHARITABLE ORGANIZATIONS - GRANTS TO ORGANIZATIONS FORMED AND QUALIFYING UNDER SECTION 501(C)(3) ARE MADE IN ACCORDANCE WITH THE FOUNDATION'S PRIMARY PURPOSEDescription
FieldValueIRS element (for citing)
Total Program Service Expense53649TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingtrueGaming
HospitalfalseHospital
Grants To OrganizationstrueGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members0NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonMICHAEL H KARU CPANamePerson
Telephone Number9739929400TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1333 EISENHOWER PKYAddressLine1
CityLIVINGSTONCity
StateNJState
ZIP Code070521722ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
EDWARD ENGINGER
CHAIRMAN1.00XX000
TEKESTE GHEBREMICAEL
TRUSTEE1.00X000
CHRISTOPHER WASHCO
TRUSTEE1.00X000
CHRISTOS ALEVRAS
TRUSTEE1.00XX000
PETER F HORN
TRUSTEE1.00X000
GLADYS HARRIS
TRUSTEE1.00X000
MEGAN BRILL
TRUSTEE1.00X000
MICHAEL H KARU
TREASURER2.00X000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
All Other Contributions16849AllOtherContributions
Total Contributions16849TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column5185TotalRevenueColumn
Exclusion$5,185ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events38785GrossIncomeFundraisingEvents

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column38785TotalRevenueColumn
Exclusion$38,785ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Gaming16520GrossIncomeGaming
Gaming Direct Expenses5600GamingDirectExpenses

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column10920TotalRevenueColumn
Exclusion$10,920ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column71739TotalRevenueColumn
Exclusion$54,890ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total38091Total
Program Services38091ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total14900Total
Program Services14900ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total1408Total
Fundraising1408Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalFundraisingFundraisingProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
FACILITY FEE66246624
GUEST FEES658658
LICENSES160160
NJ FILING FEES160160

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total429Total
Management And General61ManagementAndGeneral
Fundraising368Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total62430Total
Program Services53649ProgramServices
Management And General221ManagementAndGeneral
Fundraising8560Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY8463BOY
EOY14138EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY10121BOY
EOY4785EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
EOY50EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY80589BOY
EOY89509EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY99173BOY
EOY108482EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY48344BOY
EOY60517EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY50829BOY
EOY47965EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY99173BOY
EOY108482EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY99173BOY
EOY108482EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses9309ReconcilationRevenueExpenses
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1084CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years10661CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years5616CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4600CurrentTaxYearMinus1Year
Current Tax Year16849CurrentTaxYear
Total38810Total

Gross Receipts From Non UBI GrossReceiptsFromNonUBI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years31387CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years41074CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years48229CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year47556CurrentTaxYearMinus1Year
Current Tax Year55305CurrentTaxYear
Total223551Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years32471CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years51735CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years53845CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year52156CurrentTaxYearMinus1Year
Current Tax Year72154CurrentTaxYear
Total262361Total
FieldValueIRS element (for citing)
Public Support Total509262361PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years437CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years728CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years277CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3590CurrentTaxYearMinus1Year
Current Tax Year5185CurrentTaxYear
Total10217Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years437CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years728CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years277CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3590CurrentTaxYearMinus1Year
Current Tax Year5185CurrentTaxYear
Total10217Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years32908CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years52463CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years54122CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year55746CurrentTaxYearMinus1Year
Current Tax Year77339CurrentTaxYear
Total272578Total
FieldValueIRS element (for citing)
Public Support Percentage5090.96250PublicSupportPercentage509
Prior Year Support Percentage0.97540PriorYearSupportPercentage
Investment Income Percentage0.04000InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.02000PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1TASTE OF THE WONameOfEvent1
Gross Receipts Event133315GrossReceiptsEvent1
Gross Revenue Event133315GrossRevenueEvent1
Name Of Event2FOURTH OF JULYNameOfEvent2
Gross Receipts Event25470GrossReceiptsEvent2
Gross Revenue Event25470GrossRevenueEvent2
Gross Receipts Total38785GrossReceiptsTotal
Gross Revenue Total Events38785GrossRevenueTotalEvents
Net Income Summary38785NetIncomeSummary

Gaming Information GamingInformation

FieldValueIRS element (for citing)
Volunteer Labor BingofalseVolunteerLaborBingo
Volunteer Labor Pull TabsfalseVolunteerLaborPullTabs
Gross Revenue Other Gaming16520GrossRevenueOtherGaming
Cash Prizes Other Gaming5600CashPrizesOtherGaming
Volunteer Labor Other GamingfalseVolunteerLaborOtherGaming
Gross Revenue Total Gaming16520GrossRevenueTotalGaming
Cash Prizes Total Gaming5600CashPrizesTotalGaming
Direct Expense Summary Gaming5600DirectExpenseSummaryGaming
Net Gaming Income Summary10920NetGamingIncomeSummary
FieldValueIRS element (for citing)
States Where Gaming ConductedNJStatesWhereGamingConducted
LicensedtrueLicensed
License Suspended EtcfalseLicenseSuspendedEtc
Gaming With NonmemberstrueGamingWithNonmembers
Member Of Other EntityfalseMemberOfOtherEntity
Percentage Of Gaming Othr Facility1.00000PercentageOfGamingOthrFacility
Name Of Gaming Rec Keeper PersonMICHAEL H KARU CPANameOfGamingRecKeeperPerson

Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS

FieldValueIRS element (for citing)
Address Line1333 EISENHOWER PKYAddressLine1
CityLIVINGSTONCity
StateNJState
ZIP Code070521722ZIPCode
FieldValueIRS element (for citing)
Contract With3rd Party For Gam RevfalseContractWith3rdPartyForGamRev
Charitable Distrib RequiredfalseCharitableDistribRequired

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1EASTER SEALS CAMP MERRY HEARTBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line121 OBRIEN ROADAddressLine1
CityHACKETTSTOWNCity
StateNJState
ZIP Code07840ZIPCode
FieldValueIRS element (for citing)
IRC Section3IRCSection
Amount Of Cash Grant1500AmountOfCashGrant
Amount Of Non Cash Assistance11000AmountOfNonCashAssistance
Method Of ValuationAMT PAIDMethodOfValuation
Description Of Non Cash AssistanceLAUNDRY EQUIPTDescriptionOfNonCashAssistance
Purpose Of GrantLAUDRY EQUIPMENTPurposeOfGrant

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPSTypeOfGrant
Number Of Recipients13NumberOfRecipients
Amount Of Cash Grant14900AmountOfCashGrant

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BTHE FINANCE COMMITTEE REVIEWS THE FORM 990 AND MAKES IT AVAILABLE TO ALL BOARD MEMBERS PRIOR TO THE FILING OF THE RETURN.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19IT IS THE POLICY OF THE FOUNDATION TO FURNISH A COPY OF THE 990 FORM UPON WRITTEN REQUEST.
ADDITIONAL INFORMATIONFORM 990, PART XISCHOLARSHIPS ARE PARTIALLY FUNDED THROUGH FUNDRAISING. THE BALANCE IS RELEASED FROM RESTRICTED FUNDS. THE AMOUNT SHOWN ON LINE 5 REPRESENTS FUNDS RELEASED DURING THE CURRENT FISCAL YEAR.