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        <Description>SUBSCRIPTIONS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>1037</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1037</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>2453160</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>79669</TotalRevenueColumn>
        <ExclusionAmount>79669</ExclusionAmount>
      </InvestmentIncome>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>7011</TotalRevenueColumn>
        <ExclusionAmount>7011</ExclusionAmount>
      </RoyaltiesRevenue>
      <GrossAmountSalesAssets>
        <Securities>850000</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>841079</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>8921</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>8921</TotalRevenueColumn>
        <ExclusionAmount>8921</ExclusionAmount>
      </NetGainOrLossInvestments>
      <OtherRevenueMisc>
        <Description>OTHER</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>795</TotalRevenueColumn>
        <ExclusionAmount>795</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>795</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>2549556</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2453160</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>96396</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>4250</Total>
      </CompCurrentOfficersDirectors>
      <FeesForServicesManagement>
        <Total>717012</Total>
      </FeesForServicesManagement>
      <FeesForServicesInvstMgmntFees>
        <Total>12000</Total>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>1013294</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>533470</Total>
      </Advertising>
      <OfficeExpenses>
        <Total>37483</Total>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>12627</Total>
      </InformationTechnology>
      <Travel>
        <Total>58740</Total>
      </Travel>
      <ConferencesMeetings>
        <Total>132445</Total>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>17857</Total>
      </DepreciationDepletion>
      <Insurance>
        <Total>22267</Total>
      </Insurance>
      <OtherExpenses>
        <Description>PROFESSIONAL FEES</Description>
        <Total>119565</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK/CREDIT CARD FEES</Description>
        <Total>69339</Total>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>18019</Total>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>2768368</Total>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>69593</BOY>
        <EOY>104378</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>199529</BOY>
        <EOY>46961</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>1375</BOY>
        <EOY>4537</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>10253</BOY>
        <EOY>25825</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>1081520</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>17857</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>484621</BOY>
        <EOY>1063663</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>3041515</BOY>
        <EOY>2516495</EOY>
      </InvestmentsPubTradedSecurities>
      <TotalAssets>
        <BOY>3806886</BOY>
        <EOY>3761859</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>136278</BOY>
        <EOY>80712</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>236870</BOY>
        <EOY>229772</EOY>
      </DeferredRevenue>
      <TotalLiabilities>
        <BOY>373148</BOY>
        <EOY>310484</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>3431728</BOY>
        <EOY>3450365</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>2010</BOY>
        <EOY>1010</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>3433738</BOY>
        <EOY>3451375</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>3806886</BOY>
        <EOY>3761859</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-218812</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>236449</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Equipment>
        <OtherCostOrOtherBasis>1081520</OtherCostOrOtherBasis>
        <Depreciation>17857</Depreciation>
        <BookValue>1063663</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>1063663</TotalOfBookValueLandBuildings>
      <TotalRevenue>2549556</TotalRevenue>
      <TotalExpenses>2768368</TotalExpenses>
      <ExcessOrDeficitForYear>-218812</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>236449</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>236449</TotalAdjustments>
      <ExcessOrDeficitPerFS>17637</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>2786005</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>236449</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>236449</RevenueNotRptdF990>
      <RevenueSubtotal>2549556</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>2549556</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2768368</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>2768368</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>2768368</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>UNCERTAIN TAX POSITIONS UNDER FIN 48 THE ORGANIZATION BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS UNDER FIN 48 AND, AS A RESULT, THE ADOPTION OF FIN 48 HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 3</Identifier>
        <Explanation>DELEGATION OF MANAGEMENT DUTIES TO MANAGEMENT COMPANY THE ORGANIZATION OUTSOURCES ITS ADMINISTRATIVE AND MANAGEMENT FUNCTIONS TO AN INDEPENDENT MANAGEMENT SERVICE COMPANY, INCLUDING THE POSITIONS OF COO AND CEO OF THE ORGANIZATION. THE TOTAL FEES INCURRED FOR THE REPORTING YEAR AMOUNTED TO $717,012 AND ARE REPORTED ON FORM 990, PAGE 10, PART IX, LINE 11A.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 4</Identifier>
        <Explanation>CHANGES TO GOVERNING DOCUMENTS THE ORGANIZATION MADE THE FOLLOWING CHANGES TO ITS BYLAWS DURING THE TAX YEAR: [1] PROVIDED A QUORUM OF THE COMISSION IS PRESENT, AND FROM A SLATE PREPARED AND PRESENTED BY THE GOVERNANCE AND NOMINATIONS COMMITTEE, EACH COMMISSIONER AND NOW ALSO TWO ALTERNATE CANDIDATES SHALL BE ELECTED BY AN AFFIRMATIVE VOTE OF THE MAJORITY OF COMMISSIONERS PRESENT AND VOTING AT THE ANNUAL MEETING OF THE COMMISSION. [2] IN ADDITION TO THE SECRETARY'S PRIOR DUTIES, THE SECRETARY WILL ASSUME OF THE ROLE OF THE PARLIAMENTARIAN AT MEETINGS TO BE A RESOURCE TO THE BOARD CHAIR, TO ASSIST THE CHAIR IN CONDUCTING MEETINGS AND INTERPRETATION OF BYLAWS AND RULES OF ORDER.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>GOVERNING BODY REVIEW OF FORM 990 PRIOR TO ITS FILING WITH THE IRS, A COPY OF THE FINAL FORM 990 IS EMAILED TO EACH VOTING MEMBER OF THE GOVERNING BOARD FOR REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY ALL COMMISSIONERS OF THE BOARD AND VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST CONVENANT AT EACH MEETING OF THE ORGANIZATION AND/OR SMALLER MEETINGS. SHOULD A CONFLICT OF INTEREST ARISE OR BE UNCOVERED, A BOARD COMMISSIONER IS EXPECTED TO RECUSE HIM/HERSELF FROM ANY RELEVANT VOTING DECISIONS. SHOULD THE CONFLICT OF INTEREST BE MORE SERIOUS THAN A VOTING ISSUE, THE ORGANIZATION'S CHAIR, EXECUTIVE DIRECTOR AND/OR CHIEF RELATIONSHIP OFFICER WILL MEDIATE THE SITUATION TO ATTAIN A SOLUTION FAVORABLE TO THE ORGANIZATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>PUBLIC AVAILABILITY OF OTHER DOCUMENTS COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 236,449.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>