2013-05-06T16:56:34-05:00 2012-06-30 GRANT THORNTON LLP 1100 PEACHTREE STREET SUITE 1200 ATLANTA GA 30309 990 2011-07-01 580566206 The Westminster Schools Inc % MICHELLE HAMILTON WEST 4043558673 1424 West Paces Ferry Road Atlanta GA 303272428 Wendy Barnhart 2013-05-03 true Jennifer FitzGerald 4043302000 2011 2016-02-25 16:41:14Z William Clarkson IV 1424 West Paces Ferry Road Atlanta GA 303272428 306951296 false X www.westminster.net X 1920 GA CHRISTIAN INDEPENDENT DAY SCHOOL FOR BOYS AND GIRLS WHICH SEEKS TO DEVELOP THE WHOLE PERSON FOR COLLEGE AND FOR LIFE THROUGH EXCELLENT EDUCATION. 29 29 814 350 0 -134242 5399325 5031355 39467516 40727107 16863676 3015832 370002 513396 62100519 49287690 4116504 4122668 0 0 35709478 36340990 0 0 1498741 14909102 17688107 54735084 58151765 7365435 -8864075 337191417 333043249 54492026 58692301 282699391 274350948 CHRISTIAN INDEPENDENT DAY SCHOOL FOR BOYS AND GIRLS WHICH SEEKS TO DEVELOP THE WHOLE PERSON FOR COLLEGE AND FOR LIFE THROUGH EXCELLENT EDUCATION. false false 43548423 4122668 39055225 ELEMENTARY & SECONDARY EDUCATION, GENERAL OTHER; THE SCHOOL ENROLLED 1846 STUDENTS IN THE YEAR ENDED JUNE 30, 2012 WITH 27% MINORITY ENROLLMENT. LOW CLASS SIZE ENCOURAGES ACADEMIC ACHIEVEMENTS REFLECTED BY STUDENTS' ACCOMPLISHMENTS INCLUDING 31 NATIONAL MERIT SEMIFINALISTS, 43 COMMENDED STUDENTS, AND 8 NATIONAL ACHIEVEMENT SEMIFINALISTS. THE MOST RECENT SAT RANGE FOR THE MIDDLE 50% OF THE SENIOR CLASS WAS 1940-2230. THE SCHOOL'S FACULTY, WITH 240 ADVANCED DEGREES, REPRESENTS AN INTEGRAL COMPONENT OF EACH STUDENT'S EDUCATION. ANOTHER SIGNIFICANT COMPONENT OF THEIR EDUCATION IS THE SCHOOL'S 3 LIBRARIES WHICH HOUSE 95,000 VOLUMES. WESTMINSTER'S STUDENTS' INTERESTS EXTEND BEYOND ACADEMICS, AND INCLUDE ATHLETIC PURSUITS, ARTISTIC ACCOMPLISHMENTS, AND COMMUNITY SERVICE. IN THE 2011-2012 SCHOOL YEAR, THE SCHOOL WON 6 STATE CHAMPIONSHIPS IN ATHLETIC COMPETITIONS, WITH OVER 80% STUDENTS INVOLVED IN ATHLETIC ACTIVITIES. THE ARTS ARE HISTORICALLY VERY STRONG AT WESTMINSTER. OVER 62% OF STUDENTS IN THE JUNIOR HIGH SCHOOL AND 38% OF STUDENTS IN THE HIGH SCHOOL PARTICIPATE IN THE PERFORMING ARTS. THE BAND, ORCHESTRA, AND CHORAL PROGRAMS HAVE A NUMBER OF OFFERINGS IN EACH DIVISION OF THE SCHOOL, AND CONSISTENTLY RECEIVE SUPERIOR RATING IN COMPETITIONS. WESTMINSTER IS DEDICATED TO THE CONCEPT OF COMMUNITY SERVICE AND STUDENTS HAVE A STRONG TRADITION OF INVOLVEMENT IN THEIR SCHOOL AND THE WIDER COMMUNITY. MOST STUDENTS PARTICIPATE IN VOLUNTARY COMMUNITY SERVICE. ALL DIVISIONS OF THE SCHOOL PARTICIPATE IN SERVICE OPPORTUNITIES THROUGHOUT THE SCHOOL YEAR. THROUGH ITS ENDOWMENT, WESTMINSTER HAS BEEN ABLE TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS WHO WOULD OTHERWISE NOT BE ABLE TO PARTICIPATE IN PRIVATE EDUCATION. IN THE 2011-2012 SCHOOL YEAR, 15% OF THE STUDENTS RECEIVED NEED-BASED FINANCIAL AID WHICH MADE ATTENDANCE AT WESTMINSTER POSSIBLE. 2344688 1671882 STUDENT SERVICE PROGRAMS: WESTMINSTER AUXILIARY ENTERPRISES PROVIDE PROGRAMS AND SERVICES WHICH AUGMENT THE SCHOOL'S EDUCATIONAL OBJECTIVES. FOOD SERVICES PROVIDES 2,300 LUNCHES EACH DAY FOR STUDENTS, FACULTY AND STAFF, PLUS A NUMBER OF ADDITIONAL MEALS AT EVENTS AT THE SCHOOL. THE BOOKSTORE PROVIDES BOOKS, SUPPLIES, AND SPIRIT ITEMS FOR ALL STUDENTS. WESTMINSTER ELEMENTARY SCHOOL'S AFTER-SCHOOL PROGRAM, ASK!, SERVICES APPROXIMATELY 174 STUDENTS. STUDENTS MAY CHOOSE TO PARTICIPATE IN MINI-COURSES IN A VARIETY OF SUBJECT AREAS INCLUDING ACADEMICS, ARTS AND ATHLETICS DURING REGULAR PROGRAM HOURS. WESTMINSTER'S SUMMER PROGRAMS OFFER A WIDE VARIETY OF OPPORTUNITIES FOR WESTMINSTER AND NON-WESTMINSTER STUDENTS AGES 4-16. WESTMINSTER'S SUMMER SCHOOL IS AVAILABLE FOR BOTH WESTMINSTER AND NON-WESTMINSTER STUDENTS IN GRADES 6-12. TWO SESSIONS ARE OFFERED FOR BOTH FORWARD AND REMEDIAL CREDIT IN A VARIETY OF ACADEMIC SUBJECTS. 45893111 true true false false false false false false false true true true false false true true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false false false false false false true 127 0 true 814 true true true true BD CJ false false false false false false false false X 29 29 false false false false false false false true true false false true true true true true true true true false GA X MICHELLE HAMILTON 4043675144 1424 WEST PACES FERRY ROAD Atlanta GA 303272428 Olga Goizueta Rawls 3.0 X 0 0 0 Jeffrey P Small Jr 3.0 X 0 0 0 Lisa Borders 3.0 X 0 0 0 Robyn Rieser Barkin 3.0 X 0 0 0 Rosalind G Brewer 3.0 X 0 0 0 Samuel G Candler 3.0 X 0 0 0 Nelson C Chu 3.0 X 0 0 0 Suzanne LeCraw Cox 3.0 X 0 0 0 Harold A Dawson Jr 3.0 X 0 0 0 Michael J Egan 3.0 X 0 0 0 Dorsey D Farr 3.0 X 0 0 0 Scott D Hawkins 3.0 X 0 0 0 Karen Horan H'Doubler 3.0 X 0 0 0 Douglas J Hertz 3.0 X 0 0 0 Janet Lavine 3.0 X 0 0 0 William H Linginfelter 3.0 X 0 0 0 James E Love III 3.0 X 0 0 0 David B MacFarlane 3.0 X 0 0 0 William M McClatchey 3.0 X 0 0 0 Lisa Olivetti McGahan 3.0 X 0 0 0 Joel T Murphy 3.0 X 0 0 0 Floyd C Newton III 3.0 X 0 0 0 Ricardo J Nunez 3.0 X 0 0 0 William T Plybon 3.0 X 0 0 0 B Clayton Rolader 3.0 X 0 0 0 Louise S Sams 3.0 X 0 0 0 Steven L Walker 3.0 X 0 0 0 D Scott Weimer 3.0 X 0 0 0 Marietta Edmunds Zakas 3.0 X 0 0 0 WILLIAM CLARKSON IV 55.0 X 354497 0 55650 WENDY BARNHART 55.0 X 189511 0 48089 Mary W Dupriest 55.0 X 83090 0 9406 JOSEPH DIMON IV 55.0 X 151023 0 53667 JAMES ADAMS IV 55.0 X 144622 0 53546 Marjorie Mitchell 55.0 X 124602 0 19361 JERE WELLS 55.0 X 153968 0 26076 Luana Nissan 55.0 X 131025 0 10457 CHARLES SHAFFER JR 50.0 X 144471 0 16082 1476809 0 292334 43 true true false iVision Inc 1430 West Peachtree St Ste 425 ATLANTA GA 30309 Technology 1560122 Padgett Group 140 Mountain Brook Dr Ste 100 CANTON GA 30115 Facility Mgmt 1130983 Busker Communications Inc 2567 Athens Hwy GAINESVILLE GA 30507 Technology 680211 US Foodservice Inc PO Box 281945 ATLANTA GA 303841945 Food Purchases 508173 Employers Direct Health 5050 Spring Valley Road DALLAS TX 75244 Employee Benefits 401060 23 5031355 88019 5031355 TUITION AND FEES 900099 39055225 39055225 SUMMER PROGRAMS 900099 1105987 1105987 EXTENDED DAY PROGRAMS 900099 263305 263305 NURSERY 900099 302590 302590 40727107 2068605 2068605 0 0 120899 215063 -94164 -94164 -94164 257712718 16000 256769241 12250 943477 3750 947227 947227 0 0 957727 667052 290675 290675 SNACK BAR SALES 900099 59779 59779 ATHLETIC EVENT GATE FEES 900099 53039 53039 ALUMNI EVENT 900099 17418 17418 186649 186649 316885 49287690 41274888 2981447 0 4122668 4122668 0 0 585754 585754 0 28827057 22898721 5023885 904451 1773206 1322719 398242 52245 3049720 2408227 532066 109427 2105253 1639000 401516 64737 0 298385 298385 105314 105314 0 0 375891 375891 1391098 784804 601063 5231 48939 34410 14529 1975880 1245186 641577 89117 2009293 111585 1867580 30128 0 956074 956074 922993 912309 8530 2154 0 1286729 959578 180601 146550 621261 621261 0 4925024 4925024 501645 501645 FOOD 126661 126661 MEMBERSHIP DUES 215327 106384 97685 11258 REPAIRS AND MAINTENANCE 1780326 315168 1451409 13749 PLANT ALLOCATION 8835634 -8900447 64813 147267 70057 72329 4881 58151765 45893111 10759913 1498741 4100 3700 34157588 33880228 12218263 8712757 1983206 2229242 0 0 0 0 0 0 306337 263413 1204235 1516735 131147357 66852042 62094754 64295315 92184389 91657294 121574737 118650448 10050000 10100000 0 0 1413808 1734117 337191417 333043249 9055560 12052090 0 0 25676711 26837535 19460000 19450000 0 0 0 0 0 0 0 0 299755 352676 54492026 58692301 X 134225029 127679393 68958139 66582045 79516223 80089510 282699391 274350948 337191417 333043249 X -8864075 515632 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225441034 3921256 4027301 1755490 7798372 223835729 193716356 12174011 29169038 1611846 8006525 225441034 179900191 6888902 16800840 1612234 8261343 193716356 242774609 3780780 -56309255 1530856 8815087 179900191 0.42172 0.32747 0.25080 false false 845642 845642 89179674 38226565 50953109 32601730 24458469 8143261 8520311 4167008 4353303 64295315 HEDGE AND MUTUAL FUNDS 115261763 F REAL ESTATE FUNDS 3388685 F 118650448 0 AGENCY ACCOUNTS 352676 352676 49287690 58151765 -8864075 1494310 -978678 515632 -8348443 45996994 1494310 -5477237 -3982927 49979921 -692231 -692231 49287690 54345437 692231 692231 53653206 4498559 4498559 58151765 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 THE PREEMINENT FUNCTION OF THE WESTMINSTER SCHOOLS ENDOWMENT FUND IS TO PROVIDE FINANCIAL RESOURCES TO HELP UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS AND TO ENHANCE THE FINANCIAL WELL-BEING OF THE WESTMINSTER SCHOOLS. Liability for Uncertain Tax Position (ASC 740) Schedule D, Part X, Line 2 The School provides for income taxes based on Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 740, Income Taxes which establishes the criterion that an individual tax position has to meet for some or all of the benefits of that position to be recognized in the School's financial statements. The School is required to determine that the relevant tax authority would more likely than not sustain the tax position following an audit. The School has applied this criterion to all tax positions for which the statute of limitation remains open. Tax years open to examination by tax authorities under the statute of limitations include fiscal 2009-2012. The School has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2012 and 2011. The School?s policy is to record interest and penalties, if any, related to income tax matters in income tax expense. For years ended June 30, 2012 and 2011, no such interest and penalties were recorded. Supplemental Description - Other Schedule D, Part XI, Line 8 UNREALIZED LOSS FROM INTEREST SWAP - ($963,810), CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - ($18,580), INCREASE IN CSV - $3,712 Supplemental Description - Other Schedule D, Part XII, Line 2d FINANCIAL AID - $4,122,688, INCREASE IN CSV ($3,712), INVESTMENT EXPENSES $375,891, CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $18,580, UNREALIZED LOSS FROM INTEREST SWAP $963,810 Supplemental Description - Other Schedule D, Part XII, Line 4b BOOKSTORE COGS - $667,052, RENTAL EXPENSES $25,179 Supplemental Description - Other Schedule D, Part XIII, Line 2d BOOKSTORE COGS - $667,052, RENTAL EXPENSES $25,179 Supplemental Description - Other Schedule D, Part XIII, Line 4b FINANCIAL AID - $4,122,688, INVESTMENT EXPENSES $375,891 true true true true true true true false false false false false false false false false false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE ADMISSIONS SECTION OF THE SCHOOL'S WEBSITE (WWW.WESTMINSTER.NET), PRINTED MATERIAL PROVIDED TO EVERY PROSPECTIVE STUDENT, AND IN ANY LOCAL NEWSPAPER OR NATIONAL MAGAZINE IN WHICH THE SCHOOL PLACES AN ADVERTISEMENT. Sub-Saharan Africa Program Services Exchange Program 10814 Central America and the Caribbean Program Services Student Fund Raising 19193 Central America and the Caribbean Investments 78817765 78847772 78847772 true false false false true false MOUNT KENYA SCHEDULE F PART I WESTMINSTER FACULTY, STUDENTS AND BENEFACTORS PROVIDE SUPPORT AND EDUCATIONAL MATERIALS TO MOUNT KENYA, WHICH IS ONE OF THE TOP PREPARATORY SCHOOLS IN EAST AFRICA. THE WESTMINSTER-MOUNT KENYA ACADEMY EXCHANGE WAS ESTABLISHED WHICH GIVES GROUPS OF HIGH SCHOOL STUDENTS FROM BOTH SCHOOLS THE OPPORTUNITY TO VISIT EACH OTHER AND LEARN ABOUT LIFE IN ANOTHER CULTURE. EXPENSES RELATED TO THE EXCHANGE PROGRAM ARE FOR TRANSPORTATION, MEALS, ACCOMMODATIONS AND OTHER MISC EXPENSES: $10,885 Guatemala SCHEDULE F PART I The Guatemala program offers Westminster sophomores and juniors a service learning opportunity that includes finding out about the ties between the United States and Guatemala, working as a team to raise funds to purchase materials, building a new home, and ultimately connecting with the people in Guatemala. These homes in turn become the foundation for a community building process. The cost of the program is minimal to the participants thanks to an endowed fund that will cover travel and lodging. EXPENSES RELATED TO THE COMMUNITY BUILDING PROJECT ARE FOR MEALS AND HOTEL ACCOMMODATIONS: $19,193 true Student Tuition and Fees 277 4122668 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, Part I, Line 2 THE ORGANIZATION PROVIDES FINANCIAL AID TO STUDENTS ATTENDING THE SCHOOL AND THE AMOUNTS PROVIDE FOR TUITION AND FEES. THE GRANTS ARE TREATED AS A REDUCTION OF REVENUE AND ARE APPLIED DIRECTLY TO TUITION. NO FORMAL MONITORING PROCESS IS NECESSARY BECAUSE RECIPIENTS DO NOT HAVE CONTROL OF THE FUNDS. X X X X X true true X X X X X X false true false false false false false false false WILLIAM CLARKSON IV 334795 0 16074 0 3628 0 22050 0 33600 0 410147 0 0 0 CHARLES SHAFFER JR 144016 0 0 0 455 0 6798 0 9284 0 160553 0 0 0 WENDY BARNHART 188624 0 0 0 887 0 11823 0 36266 0 237600 0 0 0 JOSEPH DIMON IV 148382 0 0 0 2641 0 13910 0 39757 0 204690 0 0 0 JAMES ADAMS IV 143955 0 0 0 667 0 13348 0 40198 0 198168 0 0 0 JERE WELLS 153241 0 0 0 727 0 14544 0 11532 0 180044 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a As a condition of employment and for the conveniences of the school, selected members of the school management team (the President, High school principal, Middle School Principal, Director of Business and Finance, and the Assistant Headmaster for Student Life) are required to reside in campus housing. Based upon the facts and circumstances of the requirements of their respective roles and responsibilities at the school, it is management's position that the housing is non-taxable to the employee. The circumstances of the housing benefit are reviewed on an annual basis to determine if the exclusion under section 119 is applicable. Health or social club dues or initiation fees Schedule J, Part I, Line 1a The school allows employees use of the school health and athletic facilities. Social Club dues are paid by the school for individuals who require memberships for their position. It is management's position that these amenities are non-taxable to the employee. Personal services (e.g., mail, chauffer, chef) Schedule J, Part I, Line 1a The School's housekeeping department provides housekeeping services for the President's on campus residence. It is management's position that these amenities are non-taxable to the employee. Discretionary spending account Schedule J, Part I, Line 1a THE SCHOOL'S BOARD OF TRUSTEES HAS ESTABLISHED A DISCRETIONARY SPENDING ACCOUNT FOR THE PRESIDENT OF THE SCHOOL TO FUND, AS THE PRESIDENT DEEMS NECESSARY AND APPROPRIATE, ANY SCHOOL RELATED EXPENSES THAT ARE NOT INCLUDED IN THE DEPARTMENTAL BUDGETS. THESE EXPENSES INCLUDE (A) SPECIAL PROFESSIONAL EDUCATIONAL SEMINARS AND PROGRAMS FOR THE SENIOR MANAGEMENT TEAM, INCLUDING THE PRESIDENT OF THE SCHOOL, AND FACULTY MEMBERS, (B) EMERGING SCHOOL TECHNOLOGY NEEDS AND (C) OTHER UNANTICIPATED SCHOOL-RELATED INITIATIVES. THE DISCRETIONARY SPENDING ACCOUNT IS ANNUALLY REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF THE SCHOOL. Travel For Companions Schedule J, Part I, Line 1a THE SCHOOL PAYS FOR THE PRESIDENT'S WIFE'S TRAVEL AND RELATED PROFESSIONAL BUSINESS EXPENSES WHEN SHE ACCOMPANIES THE PRESIDENT ON SCHOOL RELATED EVENTS INCLUDING ALUMNI EVENTS, STUDENT PERFORMANCES AND TRIPS AS WELL AS PROFESSIONAL EDUCATIONAL ACTIVITIES, WHICH REQUIRE THE SPOUSE TO ALSO ATTEND. THE PRESIDENT'S WIFE IS REQUIRED TO ATTEND CERTAIN EVENTS ON BEHALF OF THE SCHOOL AND IS DEEMED AN INTEGRAL REPRESENTATIVE OF THE SCHOOL FAMILY AT THOSE EVENTS. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b THE SCHOOL SPONSORS BOTH A (A) NON-QUALIFIED 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND (B) NON-QUALIFIED 457(B) DEFERRED COMPENSATION PLAN. UNDER THE NON-QUALIFIED 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, THE SCHOOL'S CONTRIBUTION WHICH IS BASED UPON PREDETERMINED SCHEDULE AS WELL AS THE PERFORMANCE OF THE PRESIDENT IS ANNUALLY APPROVED BY THE SCHOOL'S BOARD OF TRUSTEES. THE CONTRIBUTIONS AND EARNINGS THEREON ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. IN ADDITION, UNDER THE NON-QUALIFIED 457(B) DEFERRED COMPENSATION PLAN, THE PRESIDENT OF SCHOOL MAY ELECT SALARY DEFERRALS INTO THIS PLAN UP TO THE ANNUAL CALENDAR LIMITATION AS DETERMINED BY THE IRS. Development Authority of Fulton County 581506878 2009-08-20 19470000 See Schedule O false false false 0 0 19470000 0 0 0 0 0 0 0 0 0 true false true true false false false false 0 true false true true Suntrust 20. false 0 false false X X 52 88019 FAIR MARKET VALUE false true true BROKERAGE FIRM FOR GIFTS OF STOCK FORM 990, SCHEDULE M, PART I, LINE 32B THE ORGANIZATION ENGAGES US BANK, N.A., WHO RECEIVES THE STOCK GIFTS AND SELLS THE STOCK AUTOMATICALLY. THE ORGANIZATION HAS A STANDING ORDER FOR ALL STOCK GIFTS TO BE IMMEDIATELY RESOLD. Form 990 Review Process Form 990, Part VI, Line 11b THE FORM 990 IS REVIEWED BY THE CONTROLLER AND CHIEF FINANCIAL OFFICER, AND THEN REVIEWED BY THE AUDIT COMMITTEE PRIOR TO BEING EMAILED TO BOARD MEMBERS FOR THEIR APPROVAL PRIOR TO THE FILING OF THE RETURN. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c COMPLIANCE IS REQUIRED ANNUALLY AT BOARD/COMMITTEE MEETINGS. THE ASSISTANT SECRETARY OF THE BOARD COLLECTS AND MONITORS COMPLIANCE. CONFLICTS ARE DISCLOSED TO THE BOARD AND VOTING TAKES PLACE IN THE ABSENCE OF THE CONFLICTED PARTY. Process for Determining Compensation Form 990, Part VI, Line 15b THE ORGANIZATION USES A PERSONNEL COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYEE CONTRACTS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY BOARD TO DETERMINE COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND DIRECTOR OF BUSINESS & FINANCE/TREASURER. The final compensation determinations are documented by the organization. How Documents are Made Available to the Public Form 990, Part VI, Line 19 FORM 990, GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA GUIDESTAR AND BY REQUEST. Other Changes in Net Assets Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS 1,494,310 OTHER: UNREALIZED GAIN FROM INTEREST SWAP (963,810) INCREASE IN CSV 3,712 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (18,580) ----------- Total Other Changes in Net Assets 515,632