2012-05-14T15:35:56-05:00 2011-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX ST SUITE 400 ALEXANDRIA VA 22314 990 2011-01-01 521149668 VIETNAM VETERANS MEMORIAL FUND INC VIET 2023930090 2600 VIRGINIA AVENUE NW NO 104 WASHINGTON DC 20037 DANIEL REESE 2023930090 2012-05-14 1 JOAN MRENNER P00456765 7035351200 2011 2016-02-24 21:20:13Z DANIEL REESE 2600 VIRGINIA AVENUE NW SUITE 104 WASHINGTON DC 20037 16324917 0 X WWW.VVMF.ORG X 1979 DC TO PRESERVE THE LEGACY OF THE VIETNAM VETERANS MEMORIAL, TO PROMOTE NATIONAL HEALING, AND TO EDUCATE ON THE IMPACTS OF THE VIETNAM WAR ERA. 7 7 26 750 0 0 10037188 7560161 108500 119000 529513 805522 106047 53881 10781248 8538564 0 343567 0 0 1374684 1609795 273396 227437 1988171 5067950 6127007 6716030 8307806 4065218 230758 30721100 29962849 1942948 1849624 28778152 28113225 X TO PRESERVE THE LEGACY OF THE VIETNAM VETERANS MEMORIAL, TO PROMOTE NATIONAL HEALING, AND TO EDUCATE ON THE IMPACTS OF THE VIETNAM WAR ERA. 0 0 2300186 THE ORGANIZATION PRESERVES THE LEGACY OF THE MEMORIAL AND PROMOTES HEALING THROUGH PUBLIC OUTREACH, PROMOTING VISITATION OF THE MEMORIAL BY THE GENERAL PUBLIC. THE ORGANIZATION PROVIDES INFORMATION ABOUT THE HISTORY OF THE MEMORIAL AND RESPONDS TO QUESTIONS FROM POTENTIAL VISITORS. THE ORGANIZATION MAINTAINS A COMMEMORATIVE WEB SITE CALLED THE VIRTUAL WALL, THAT ALLOWS FAMILIES, FRIENDS AND VETERANS TO POST REMEMBRANCES TO THOSE WHOSE NAMES ARE INSCRIBED ON THE MEMORIAL, EXTENDING THE HEALING POWER AND EMOTIONAL IMPACT OF THE WALL TO MILLIONS OF PEOPLE THROUGH THE INTERNET. MORE THAN 100,000 MESSAGES HAVE BEEN POSTED ON THE VIRTUAL WALL. THE ORGANIZATION IS ALSO CONDUCTING A NATIONAL CALL FOR PHOTOS TO PRESERVE THE MEMORY OF THOSE WHOSE NAMES ARE INSCRIBED ON THE MEMORIAL. THE PHOTOS WILL BE DISPLAYED IN THE EDUCATION CENTER. 1656256 THE ORGANIZATION IS CONDUCTING A NATIONAL CAMPAIGN TO PROMOTE FUTURE VISITATION BY THE GENERAL PUBLIC OF THE EDUCATION CENTER TO BE BUILT ADJACENT TO THE VIETNAM VETERANS MEMORIAL ONCE CONSTRUCTION IS COMPLETE. THE PROJECT FOCUSES ON PROVIDING INFORMATION ABOUT THE IMPORTANT ROLE THE EDUCATION CENTER WILL PLAY IN PRESERVING THE LEGACY OF THOSE WHOSE NAMES ARE INSCRIBED ON THE WALL. DURING 2011 THE ORGANIZATION'S CAPITAL EXPENDITURES RELATED TO CONSTRUCTING THE EDUCATION CENTER TOTALED $2,602,938. 914673 THE ORGANIZATION PROMOTES HEALING FROM THE EFFECTS OF THE VIETNAM WAR THROUGH PROJECT RENEW, A HUMANITARIAN PROGRAM DESIGNED TO REDUCE THE THREAT OF LANDMINES AND UNEXPLODED ORDNANCE IN VIETNAM. THE PROJECT FOCUSES ON MINE AWARENESS EDUCATION, INCLUDING PUBLIC SERVICE ANNOUNCEMENTS, AND THE REMOVAL OF UNEXPLODED ORDINANCE IN QUANG TRI AND QUANG BINH PROVINCES, THE MOST HEAVILY BOMBED AND SHELLED AREAS OF VIETNAM. 377903 THE ORGANIZATION PLANS, ORGANIZES AND CONDUCTS A NUMBER OF CEREMONIES AT THE MEMORIAL AND ELSEWHERE TO BRING PEOPLE TOGETHER TO REMEMBER AND HONOR THE MEN AND WOMEN WHO SERVED IN THE VIETNAM WAR AND THOSE WHO DIED. CEREMONIES ARE CONDUCTED EACH YEAR ON MEMORIAL DAY, VETERANS DAY, FATHERS DAY, MOTHERS DAY, IN MEMORY DAY AND CHRISTMAS TO RECOGNIZE, REMEMBER AND HONOR THOSE WHO SERVED AND DIED AS WELL AS TO BRING HEALING TO THEIR FAMILIES, THEIR FRIENDS AND OUR NATION. 536487 119000 THE ORGANIZATION PROMOTES HEALING AND PROVIDES EDUCATION ABOUT THE IMPACT OF THE VIETNAM WAR THROUGH ITS TRAVELING MEMORIAL CALLED "THE WALL THAT HEALS". THE ORGANIZATION EXHIBITS A HALF-SCALE REPLICA OF THE VIETNAM VETERANS MEMORIAL IN CITIES AND LOCATIONS THROUGHOUT THE UNITED STATES, MAKING IT POSSIBLE FOR MILLIONS OF INDIVIDUALS WHO ARE UNABLE TO TRAVEL TO WASHINGTON, D.C. TO RECOGNIZE, REMEMBER AND HONOR THOSE WHO SERVED AND DIED, AND TO EXPERIENCE A CONNECTION WITH LOST COMRADES AND LOVED ONES. THE TRAVELING MEMORIAL ALSO INCLUDES AN EDUCATIONAL MUSEUM AND AN INFORMATION CENTER TO ASSIST VISITORS IN FINDING NAMES ON THE MEMORIAL. THIS YEAR, THE ORGANIZATION BROUGHT THE WALL THAT HEALS AND THE TRAVELING MUSEUM AND INFORMATION CENTER TO 23 LOCATIONS IN THE UNITED STATES AND BROUGHT THE MUSEUM COMPONENT TO TWO ADDITIONAL LOCATIONS REACHING THOUSANDS OF VISITORS. 139636 THE ORGANIZATION WORKS IN COOPERATION WITH THE NATIONAL PARK SERVICE TO PROVIDE FOR SPECIAL MAINTENANCE NEEDS OF THE VIETNAM VETERANS MEMORIAL IN WASHINGTON, D.C., INCLUDING THE ADJACENT THREE SERVICEMAN STATUE, FLAGPOLE AND THE THREE-ACRE SITE WHERE THE VIETNAM VETERANS MEMORIAL IS LOCATED, TO MAINTAIN THE SITE'S FUNCTION AS A PLACE OF REFLECTION ON THE VIETNAM WAR, A PLACE OF HONOR, RECOGNITION AND REMEMBRANCE OF THOSE WHO SERVED AND THOSE WHO DIED, A PLACE OF SPIRITUAL CONNECTION WITH LOST COMRADES AND LOVED ONES, AND A SYMBOL OF HEALING FOR OUR NATION. THE MEMORIAL HAS BEEN VISITED BY MORE THAN 80 MILLION PEOPLE, MAKING IT ONE OF THE MOST VISITED MEMORIALS ON THE NATIONAL MALL. THIS YEAR 4.6 MILLION PEOPLE VISITED THE VIETNAM VETERANS MEMORIAL IN WASHINGTON D.C. 219347 THE ORGANIZATION EDUCATES STUDENTS ABOUT THE IMPACT OF THE VIETNAM WAR AND PRESERVES THE LEGACY OF THE VIETNAM VETERANS MEMORIAL THROUGH ITS PROGRAMS RELATED TO THE EDUCATION OF STUDENTS AND TEACHERS REGARDING THE VIETNAM WAR, THE VIETNAM VETERANS MEMORIAL AND THE MEMORIAL'S LEGACY IN CULTURE AND SOCIETY. THE ORGANIZATION'S EDUCATION PROGRAMS REACH TEACHERS AND STUDENTS FROM GRADES 7 TO 12 AS WELL AS HIGHER EDUCATION. THE HOMETOWN HEROES PROGRAM, DEVELOPED TO PROMOTE A GREATER UNDERSTANDING OF THE VIETNAM WAR, THE VIETNAM ERA, AND THE PERSONAL SACRIFICE OF THE INDIVIDUALS WHOSE NAMES ARE INSCRIBED ON THE MEMORIAL, PROVIDES PROGRAM INFORMATION TO SCHOOLS AND COMMUNITY ORGANIZATIONS ENCOURAGING STUDENTS TO WRITE BIOGRAPHIES OF MEAN AND WOMEN FROM THEIR COMMUNITY WHOSE NAMES ARE INSCRIBED ON THE MEMORIAL. THE INFORMATION GATHERED BY THE STUDENTS WILL BE INCLUDED IN THE EDUCATION CENTER BEING BUILT. THE ORGANIZATION IS DEVELOPING AN EDUCATION CENTER THAT WILL BE LOCATED ADJACENT TO THE VIETNAM VETERANS MEMORIAL ON THE NATIONAL MALL IN WASHINGTON D.C. THE EDUCATION CENTER WILL INCLUDE INTERACTIVE EXHIBITS AND PRIMARY SOURCE MATERIALS TO PERSONALIZE THE NAMES ON THE WALL TO HELP VISITORS GAIN A GREATER UNDERSTANDING OF THE COURAGE AND PERSONAL SACRIFICE OF THE INDIVIDUALS WHOSE NAMES ARE INSCRIBED ON THE MEMORIAL. THE EDUCATION CENTER WILL ALSO PROMOTE A GREATER UNDERSTANDING OF THE VIETNAM WAR AND THE VIETNAM WAR ERA. AS DISCLOSED IN ITEM 4B, DURING 2011, THE ORGANIZATION'S CAPITAL EXPENDITURES RELATED TO THE DEVELOPMENT OF THE EDUCATION CENTER TOTALED $2,602,938. 1273373 119000 6144488 1 1 0 1 0 0 0 0 1 1 1 0 1 1 1 1 0 0 1 1 1 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 26 1 0 1 VM 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT DC FL GA HI IL IA KS KY LA ME MD MA MI MN MS MO MT NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN UT VA WA WV WI WY X X THE ORGANIZATION 2023930090 2600 VIRGINIA AVE NW SUITE 104 WASHINGTON DC 20037 JAN C SCRUGGS 40.00 X X 219888 0 39899 JOHN C DIBBLE 1.00 X X 0 0 0 GEORGE W MAYO JR 1.00 X 0 0 0 HARRY G ROBINSON III FAIA AICP 1.00 X 0 0 0 JOHN O WOODS JR 1.00 X X 0 0 0 JAMES V KIMSEY 1.00 X 0 0 0 LT COL JANIS NARK USAR RET 1.00 X 0 0 0 JUDY HEISLEY BISHOP 1.00 X 0 0 0 DANIEL W REESE 40.00 X 220912 0 37246 440800 0 77145 2 0 1 0 ENNEAD ARCHITECTS 320 WEST 13TH STREET NEW YORK NY 10014 ARCHITECTURE FIRM 996518 RALPH APPLEBAUM ASSOCIATES 88 PINE STREET NEW YORK NY 10005 ARCHITECTURE AND DESIGN FIRM 936913 CREATIVE DIRECT RESPONSE 1682 VILLAGE GREEN CROFTON MD 21114 PROFESSIONAL FUNDRAISING 515704 TISHMAN CONSTRUCTION CORP OF DC 1150 18TH ST NW 475 WASHINGTON DC 20036 GENERAL CONSTRUCTION CONTRACTOR 308000 RENNER AND COMPANY CPA PC 700 N FAIRFA STREET 400 ALEXANDRIA VA 22314 CERTIFIED PUBLIC ACCOUNTANTS 203560 7 69501 179431 629394 6681835 5439 7560161 SITE FEES-TRAVELING WA 900099 119000 119000 119000 488870 488870 2311 2311 8028616 360 7711925 399 316691 -39 316652 316652 74029 179431 74029 0 LIST RENTAL 900099 51570 51570 51570 8538564 119000 0 859403 X 343567 343567 517946 272051 215180 30715 802978 484782 263039 55157 58024 58024 149010 149010 81837 52195 23269 6373 30019 8631 21388 241929 4806 237123 51600 51600 227437 227437 87242 87242 467746 407371 40745 19630 248473 217213 9182 22078 269234 129836 120820 18578 216442 120398 53816 42228 49545 49281 264 234282 2053 232229 185749 169754 7190 8805 157874 87309 7350 63215 119099 40269 78830 8199 5177 3022 DIRECT MAIL EXPENSES 3397875 2125305 1272570 VIETNAM PROGRAM 215926 215926 REPAIRS AND MAINTENANCE 107328 104384 2944 DIRECT CALLING FOR PHOT 28160 28160 10285 1304180 -1435520 141625 8307806 6144488 175147 1988171 X 3270778 2144702 0 1126076 533393 389215 2826235 1149423 12074448 8189418 88826 35873 104678 87015 1086225 682758 541692 403467 9969032 12522704 4582796 7185734 30721100 29962849 1012727 1017814 10500 20000 919721 811810 1942948 1849624 X 7706830 9581211 19171322 16632014 1900000 1900000 28778152 28113225 30721100 29962849 X 230758 -895685 X 0 1 1 X 1 1 X 8635870 8688291 8156094 10037188 7560161 43077604 8635870 8688291 8156094 10037188 7560161 43077604 5388664 37688940 336405 314859 280043 469083 809532 2209922 115131 10973 43326 85758 51570 306758 45594284 637140 0.82660 0.76340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 51600 0 0 51600 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: DURING 2011 VVMF'S LOBBYING ACTIVITIES CONSISTED SOLELY OF LOBBYING LEGISLATORS TO LIFT THE BAN ON THE USE OF FEDERAL FUNDS FOR THE BUILDING OF THE EDUCATION CENTER AT THE WALL. 1900000 1900000 1900000 1900000 1900000 1900000 1900000 1900000 1.00000 0 0 278420 104407 174013 742825 531974 210851 64980 46377 18603 403467 PUBLICLY TRADED SECURITIES 12483553 F PRIVATE EQUITY COMMODITIES 39151 F 12522704 EDUCATION CENTER - CONSTRUCTION IN PROGRESS 7160649 SECURITY DEPOSIT 25085 7185734 DEFERRED RENT 416011 DEFERRED COMPENSATION 257661 REFUNDABLE ADVANCES 138138 811810 8538564 8307806 230758 -751551 -101300 -42834 -895685 -664927 11381090 -751551 3724114 -42834 2929729 8451361 87242 -39 87203 8538564 12046017 3825414 3825414 8220603 87242 -39 87203 8307806 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE A PERMANENT SOURCE OF INCOME TO FURTHER THE MISSION OF THE ORGANIZATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FUND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. IN ADDITION, THE FUND QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. BUSINESS INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE FUND HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2011. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FUND MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE FUNDS TAX POSITIONS AND CONCLUDED THAT THE FUND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS FROM FOREIGN CURRENCY ADJUSTMENT -42,834. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS FROM FOREIGN CURRENCY ADJUSTMENT -42,834. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF EQUIPMENT -39. PART XIII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF EQUIPMENT -39. 0 EAST ASIA & THE PACIFIC - VIETNAM 1 1 PROGRAM SERVICES REMOVAL OF UNEXPLODED ORDNANCE - SEE SCHEDULE F, PART IV 513109 1 1 0 0 1 1 513109 0 513109 EAST ASIA AND THE PACIFIC - VIETNAM HUMANITARIAN MINE ACTION IN QUANG BINH PROVINCE IN VIETNAM. 343567 ELECTRONIC FUNDS TRANSFER 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE ORGANIZATION DOES NOT MAKE GRANTS IN CONNECTION WITH ITS PROGRAM SERVICE ACTIVITIES OUTSIDE THE U.S. THE PROGRAM SERVICE ACTIVITIES DESCRIBED ON SCHEDULE F, PART I, LINE 3 REPRESENT A PROGRAM FOR THE REMOVAL OF UNEXPLODED ORDNANCE IN VIETNAM. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ALL EXPENDITURES IN THE REGION ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD OF ACCOUNTING. SCHEDULE F, PART I, LINE 3: PROJECT RENEW IS THE FIRST COMPREHENSIVE MANAGEMENT APPROACH UNDERTAKEN IN VIETNAM TO RESTORE THE ENVIRONMENT AND NEUTRALIZE THE EFFECTS OF WAR. ITS WORK IS TO HELP REDUCE THE RISK OF THE MORE THAN 350,000 TONS OF UNEXPLODED ORDNANCE (UXO) LEFT FROM THE WAR, MUCH OF IT IN CENTRAL VIETNAM IN AREAS WHERE FARMERS WORK AND CHILDREN PLAY. PROJECT RENEW WAS LAUNCHED IN DECEMBER 2000 BY THE VIETNAM VETERANS MEMORIAL FUND IN PARTNERSHIP WITH THE QUANG TRI PROVINCE PEOPLE'S COMMITTEE. IN ADDITION TO CLEARING LANDMINES AND UXO FROM CONTAMINATED AREAS, PROJECT RENEW PERFORMS MANY OTHER VALUABLE SERVICES: IT PURSUES MINE-RISK EDUCATION THROUGH TELEVISION AND RADIO SPOTS AND A VARIETY OF IN-PERSON PROGRAMS. IT PROVIDES EMERGENCY MEDICAL SERVICES AND PROSTHETIC LIMBS FOR AMPUTEES. IT GIVES JOB TRAINING AND ASSISTANCE TO LANDMINE VICTIMS TO HELP THEM ATTAIN SUSTAINABLE INCOME. X X X X X X X 1 CREATIVE DIRECT RESPONSE 16900 SCIENCE DRIVE 210 BOWIE MD 20715 DIRECT MAIL FUNDRAISING 0 3957916 515704 3442212 ADVANTAGE 208 PASSAIC AVENUE FAIRFIELD NJ 07004 PLANNED GIVING CONSULTANTS 0 0 138000 0 3957916 653704 3442212 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY ANNUAL GALA 253460 179431 74029 3578 5560 46507 13563 4821 253460 179431 74029 3578 5560 46507 13563 4821 74029 0 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE AGREEMENT BETWEEN VVMF AND CREATIVE DIRECT RESPONSE PROVIDES FOR THE REIMBURSEMENT OF EXPENSES SEPARATE FROM THE PAYMENT OF FEES RELATED TO FUNDRAISING SERVICES. THE FUNDRAISER LISTS THESE EXPENSES AS DIFFERENT LINE-ITEMS ON INVOICES TO DISTINGUISH THEM FROM FUNDRAISING SERVICE FEES. IN 2011, VVMF REIMBURSED THE FUNDRAISER FOR EXPENSES IN THE AMOUNT OF $2,871,819. X 1 1 X X 0 1 0 0 0 0 0 0 0 JAN C SCRUGGS 158031 0 0 0 61857 0 22329 0 17570 0 259787 0 0 0 DANIEL W REESE 184988 0 13500 0 22424 0 21532 0 15714 0 258158 0 0 0 PART I, LINE 1A A TAX GROSS-UP PAYMENT WAS MADE ON BEHALF OF DAN REESE, EXECUTIVE VP/CFO/COO, FOR $540 IN RELATION TO A NON-CASH BENEFIT PROVIDED IN 2011. BOTH THE VALUE OF THE NON-CASH BENEFIT, $4,510, AND THE RELATED GROSS-UP, WERE REPORTED TO THE IRS AS 2011 COMPENSATION. PART I, LINE 4B IN RECOGNITION OF THEIR SERVICES TO VVMF, THE ORGANIZATION MAKES CONTRIBUTIONS TO DEFERRED COMPENSATION PLANS ON BEHALF OF VVMF'S FOUNDER AND PRESIDENT, JAN SCRUGGS, AND EXECUTIVE VP/CFO/COO, DAN REESE. MR. SCRUGGS' REPORTED SALARY FOR 2011 INCLUDES DEFERRED COMPENSATION UNDER SECTION 457(B), IN THE AMOUNT OF $16,500, AND SECTION 457(F), IN THE AMOUNT OF $45,537, FOR A TOTAL OF $61,857 IN DEFERRED COMPENSATION. MR. REESE'S REPORTED SALARY FOR 2011 INCLUDES DEFERRED COMPENSATION UNDER SECTION 457(B), IN THE AMOUNT OF $16,500. JAN SCRUGGS FOUNDER AND PRESIDENT 360 MR. SCRUGGS PURCHASED A SURPLUS PIECE OF COMPUTER EQUIPMENT AT FMV FROM VVMF IN 2011 FOR $360. THE EQUIPMENT WAS ORIGINALLY PURCHASED IN 2010 FOR $598. FMV WAS ESTABLISHED BY COMPARING THE PRICES FOR IDENTICAL PIECES OF USED EQUIPMENT FOUND ON AN ONLINE AUCTION SITE. 0 X 1 5439 SELLING PRICE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A CPA FIRM PREPARES THE FORM 990 AND PROVIDES A DRAFT COPY TO THE CFO AND THE BOARD FOR THEIR REVIEW AND APPROVAL. THE FINANCE AND AUDIT COMMITTEE REVIEWS THE RETURN IN DETAIL. A CONFERENCE CALL TAKES PLACE TO DISCUSS THE RETURN AND RESPOND TO QUESTIONS. ANY NECESSARY REVISIONS ARE MADE AND THE REVISED DRAFT IS THEN SENT TO THE BOARD FOR REVIEW PRIOR TO THE 990 BEING ISSUED FINAL. THE CFO THEN APPROVES THE 990 FOR ASSEMBLY AND SIGNS THE FINAL FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND ACKNOWLEDGED ANNUALLY BY OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMMITTEE REVIEW OF CONTRACT AND SALARY REQUIREMENTS BASED ON SALARY COMPARISON DATA PROVIDED BY INDEPENDENT SURVEY AND CONTEMPORANEOUS DOCUMENTATION OF THE DECISION WAS MADE BY THE COMMITTEE FOR THE PRESIDENT/CEO EMPLOYMENT CONTRACT AND THE CONTRACTS OF OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 VVMF COMPLIES WITH SECTION 6104 AND MAKES ITS FORM 1023, 990 AND 990-T (IF APPLICABLE) AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FROM THE VVMF OFFICE, ON GUIDESTAR.COM, ON THE WEBSITE OF THE BETTER BUSINESS BUREAU WWW.BBB.ORG, AND ON ITS OWN WEBSITE, WWW.VVMF.ORG. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS SUCH AS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND A COPY OF VVMF'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE VVMF OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -751,551. DONATED SERVICES AND USE OF FACILITIES: -101,300. UNREALIZED LOSS FROM FOREIGN CURRENCY ADJUSTMENT -42,834. TOTAL TO FORM 990, PART XI, LINE 5: -895,685.