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        <Explanation>SCHEDULE L, SECTION IV, LINE 1: MR. MARGOLIS WAS A BOARD MEMBER OF THE GEOS INSTITUTE UNTIL 9.30.2012 AND RECEIVED COMPENSATION AS AN INDEPENDENT CONSULTANT AND CONTRACTOR DURING HIS TENURE ON THE BOARD.SCHEDULE L, SECTION IV, LINE 2: MR. BRATT IS A BOARD MEMBER OF THE GEOS INSTITUTE AND WAS A MINORITY SHAREHOLDER IN ROGUE ENVIRONMENTAL, INC, A SUBCHAPTER S CORPORATION THAT SOLD A BUILDING TO THE GEOS INSTITUTE FOR $450,000 DURING 2012. THE GEOS INSTITUTE WAS ALSO A SHAREHOLDER OF ROGUE ENVRONMENTAL, INC AT THE TIME OF THE SALE.</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. NONE ARE POSTED TO OUR WEBSITE OR PUBLISHED, ASIDE FROM THE FINANCIAL STATEMENTS INCLUDED IN THE ANNUAL REPORT. OUR FORM 990 IS ALSO POSTED ON AN UNRELATED WEBSITE MAINTAINED BY GUIDE STAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
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      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15a</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15a: Compensation Review &amp; Approval Process - CEO, Top Management</ReturnReference>
        <Explanation>EXECUTIVE DIRECTOR COMPENSATION IS SET BY THE BOARD OF DIRECTORS, FOLLOWING A PROCESS WHERE THE JOB DESCRIPTION AND SALARY ARE COMPARED TO NON-PROFIT SALARY SURVEYS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>DISCUSSION AND REVIEW AT BOARD MEETINGS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11b: Form 990 Review Process</ReturnReference>
        <Explanation>ALL BOARD MEMBERS ARE PROVIDED A COPY OF THE 990 PRIOR TO FILING AND ARE ASKED TO RESPOND WITH QUESTIONS OR COMMENTS.</Explanation>
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