2013-02-02T12:20:28-06:00 2012-08-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2011-09-01 237281887 NATIONAL EDUCATION FOR ASSISTANCE DOG SERVICES INC NATI 9784229064 305 REDEMPTION ROCK TRAIL SOUTH PRINCETON MA 01541 GERRY DEROCHE 9784229064 2013-01-22 1 BARBARA E KING P00005629 5087557107 2013-01-22 2011 2016-02-25 16:41:14Z GERRY DEROCHE 305 REDEMPTION ROCK TRAIL SOUTH PRINCETON MA 01541 3414822 0 X WWW.NEADS.ORG X 1972 MA NEADS TRAINS RESCUED DOGS AND DONATED PUPPIES TO ASSIST PEOPLE WHO ARE DEAF OR PHYSICALLY DISABLED IN LIVING MORE INDEPENDENT LIVES AT HOME, IN SCHOOL AND AT WORK. 9 9 35 200 0 0 1699746 1984741 400609 230689 165889 161467 16337 70678 2282581 2447575 0 0 0 0 1248342 1435538 0 0 156362 1170584 1060197 2418926 2495735 -136345 -48160 5026480 4928019 348488 360928 4677992 4567091 X NEADS WAS ESTABLISHED TO TRAIN AND PROVIDE INDEPENDENCE TO PEOPLE WHO ARE DEAF OR PHYSICALLY DISABLED THROUGH THE USE OF CANINE ASSISTANCE. THESE ASSISTANCE DOGS BECOME AN EXTENSION OF THEIR OWNERS AND BRING SECURITY, FREEDOM, INDEPENDENCE AND RELIEF FROM SOCIAL ISOLATION TO THEIR HUMAN PARTNERS. 0 0 2138206 242663 TO TRAIN AND PLACE ASSISTANCE DOGS TO HELP PEOPLE WHO ARE DEAF AND PEOPLE WHO HAVE DISABILITIES TO LIVE INDEPENDENTLY. NEADS USES FACILITY-BASED TRAINING TO TEACH CLIENTS TO WORK TOGETHER WITH THEIR ASSISTANCE DOGS AS A TEAM. NEADS TRAINS AND PLACES OVER 50 DOGS PER ANNUM ACROSS THE USA. ITS MISSION IS ALSO TO EDUCATE THE PUBLIC ABOUT THE NEED AND USE OF ASSISTANCE DOGS TO PROVIDE INDEPENDENCE TO PEOPLE, TO TRAIN INSTRUCTORS FROM OTHER COUNTRIES, AND TO GIVE PUBLIC TOURS. 2138206 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 9 0 1 35 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 9 9 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA AZ CA CT FL GA IL IA ME MD MI MN MO MT NH NJ NY NC OH OR PA RI TX UT VA WA DC WI X X THE ORGANIZATION 9784229064 305 REDEMPTION ROCK TRAIL SOUTH PRINCETON MA 01541 IRA C KAPLAN DVM 2.00 X 0 0 0 CYNTHIA CROSSON 2.00 X 0 0 0 WINTHROP HANDY 2.00 X 0 0 0 LOWRY HEUSSLER 2.00 X 0 0 0 ANITA M MIGDAY DVM 2.00 X 0 0 0 GARY HOUGH 2.00 X 0 0 0 BEVERLY STEWART 2.00 X 0 0 0 MEGHAN MACEIKO 2.00 X 0 0 0 ARTHUR TWISS 2.00 X 0 0 0 0 0 0 1 0 0 0 0 1984741 221981 1984741 TRAINING FEES 900099 230689 230689 230689 110320 110320 981126 929979 51147 51147 51147 76282 17578 58704 58704 26732 19690 7042 7042 MISC INCOME 900099 4932 4932 4932 2447575 242663 0 220171 116353 116353 1319185 1162356 43709 113120 21611 21611 171030 115937 20173 34920 64388 56621 3666 4101 88083 98149 -11792 1726 93781 91481 1150 1150 27351 27077 274 2667 2667 19288 19288 87537 83160 4377 31266 31266 VETERINARY FEES 222175 222175 PURCHASES 106235 106235 SUPPLIES 59231 59231 MOTOR VEHICLES EXPENSE 34271 34271 31283 28292 1646 1345 2495735 2138206 201167 156362 925 2344 134248 58081 101000 30982 22995 92325 80975 1875 4545 3257530 1353990 1944814 1903540 2821311 2754539 5026480 4928019 31352 64978 317136 295950 348488 360928 X 2100327 1835698 1002124 1155852 1575541 1575541 4677992 4567091 5026480 4928019 X -48160 -62741 X 0 1 1 X 0 X 1435025 1462166 1548130 1699746 1984741 8129808 533617 418532 378044 417179 257421 2004793 1968642 1880698 1926174 2116925 2242162 10134601 0 0 0 10134601 33739 81951 53834 71879 110320 351723 33739 81951 53834 71879 110320 351723 2002381 1962649 1980008 2188804 2352482 10486324 0.96650 0.97680 0.03350 0.02320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2298051 66114 205000 2159165 2214545 243506 160000 2298051 2097387 117158 2214545 2501941 8203 -412757 2097387 0.27030 0.72970 0 0 172890 172890 2358571 855693 1502878 557578 498297 59281 168491 168491 1903540 2447575 2495735 -48160 -62741 -62741 -110901 2400491 -62741 37268 -25473 2425964 21611 21611 2447575 2511392 37268 37268 2474124 21611 21611 2495735 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: NEADS' ENDOWMENT CONSISTS OF DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. THE BOARD OF DIRECTORS HAS INTERPRETED STATE LAW AS ALLOWING THE UTILIZATION OF APPRECIATION ON PERMANENTLY RESTRICTED ASSETS UNLESS EXPLICIT DONOR STIPULATIONS SPECIFY HOW NET APPRECIATION MUST BE USED. AS A RESULT OF THIS INTERPRETATION, NEADS CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY NEADS IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, NEADS MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF THE OGRANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF THE ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. NEADS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, NEADS' INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, NEADS RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDEND). NEADS HAS INVESTED IN MUTUAL FUNDS THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTEIVES WITHIN PRUDENT RISK CONSTRAINTS. NEADS HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH QUARTER ACTUAL INCOME PLUS REALIZED AND UNREALIZED GAINS. IN ESTABLISHING THIS POLICY, NEADS CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH NEADS OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. NO FUNDS WERE APPROPRIATED DURING 2011. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE NEADS TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES AMOUNTS TO $281,901 AS OF AUGUST 31, 2011. IN ACCORDANCE WITH THE BOARD'S INTERPRETATION OF RELEVANT STATE LAW, APPROPRIATION OF APPRECIATION ON THESE FUNDS HAS BEE SUSPENDED UNTIL SUCH TIME AS THE DEFICIENCY HAS BEE RESTORED AND THE FAIR VALUE OF THE FUND EXCEEDS THE LEVEL REQUIRED TO BE RETAINED PERMANENTLY. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 19,690. SPECIAL EVENTS 17,578. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 19,690. SPECIAL EVENTS 17,578. PART X, LINE 2: NATIONAL EDUCTION FOR ASSISTANCE DOG SERVICES, INC. QUALIFIES AS A TAX-EXEMPT, NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX IS REQUIRED. MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT NEADS HAS NO UNCERTAIN TAX POSITION THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON NEADS' STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES OR CASH FLOWS. FUNDRAISING EVENT 76282 76282 17578 76282 76282 17578 17578 58704 X KENNEL SUPPLIES & DOG CARE 4 216281 COST X PURCHASE OF DOGS 1 5700 COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS IRA C. KAPLAN, DVM AND ANITA M. MIGDAY, DVM ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE CHANGES TO ITS BY-LAWS DURING THE CURRENT FISCAL YEAR. DETAILS OF THE CHANGES FOLLOW: ARTICLE 4.1 - INCREASED BOARD CAPACITY TO 17 ARTICLE 5.5 - MODIFIED METHOD OF ELECTION OF NEW MEMBERS ARTICLE 6.6 - FORMALIZED VICE PRESIDENT POSITION ARTICLE 6.8 - FORMALIZED THE POSITION DESCRIPTION REGARDING TREASURER OF ORGANIZATION ARTICLE 8.5 - MODIFIED NOMINATION PROCESS ARTICLE 8.8 - ESTABLISHED BOARD DEVELOPMENT COMMITTEE ARTICLE 15 - MODIFIED THE AMENDMENT PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE REVIEWED BY THE TREASURER AND CEO AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS PEGGED TO BE COMPETITIVE WITH SIMILAR ORGANIZATIONS IN TERMS OF MISSION, SIZE AND LOCATION. AT THAT POINT, THE COMPENSATION IS RECOMMENDED AND VOTED UPON BY AN INDEPENDENT SEARCH COMMITTEE AS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 NEADS MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -62,741.