2012-07-02T13:15:11-05:00 2011-12-31 231518888 MAILLIE FALCONIERO & COMPANY LLP PO BOX 680 OAKS PA 194560680 990 2011-01-01 231244009 YMCA OF READING & BERKS COUNTY YMCA 6103784700 631 WASHINGTON STREET READING PA 19601 KIM D JOHNSON 6103784700 2012-06-20 1 GREGORY J SHANK CPA P01263698 6109351420 2011 2016-02-24 21:20:13Z KIM D JOHNSON 631 WASHINGTON STREET READING PA 19601 8369194 0 X WWW.YMCA-BERKSCOUNTY.ORG X 1858 PA TO PUT JUDEO-CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL. 24 23 455 237 0 0 3836583 3865886 2520461 3998113 34822 42361 166790 191986 6558656 8098346 34188 32644 0 0 3621503 4070968 0 0 34238 2607162 3367531 6262853 7471143 295803 627203 11472619 11696632 5782419 5445243 5690200 6251389 X THE YMCA OF READING AND BERKS COUNTY'S MISSION IS TO PUT JUDEO-CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL. THE YMCA OF READING AND BERKS COUNTY IS A CAUSE-DRIVEN ORGANIZATION THAT IS FOR YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY. THAT'S BECAUSE A STRONG COMMUNITY CAN ONLY BE ACHIEVED WHEN WE INVEST IN OUR KIDS, OUR HEALTH AND OUR NEIGHBORS. 0 0 2217907 417 969295 CHILD CARE - THE YMCA OF READING AND BERKS COUNTY IS THE LARGEST PROVIDER OF CHILDCARE IN BERKS COUNTY. THE YMCA PROVIDES HIGH QUALITY CHILDCARE BY PROVIDING COMPREHENSIVE, AGE APPROPRIATE ACTIVITIES FOR INFANTS THROUGH SCHOOL AGE CHILDREN AT FOUR FULL DAY CENTERS AND NINE BEFORE AND AFTER SCHOOL LOCATIONS. WE PROVIDE FULL AND PART TIME OPTIONS, AS WELL AS SECOND SHIFT CARE AT OUR READING LOCATION, TO SERVE A WIDE RANGE OF FAMILY SCHEDULING NEEDS. WOVEN INTO THE FABRIC OF THE YMCA MISSION IS A COMMITMENT TO STRENGTHEN FAMILIES. YMCA CHILDCARE PROGRAMS RELIEVE THE BURDEN OF BALANCING WORK AND FAMILY AND MAKE IT POSSIBLE FOR PARENTS OF CHILDREN IN OUR CARE TO REMAIN GAINFULLY EMPLOYED, KNOWING THAT THEIR CHILDREN ARE THRIVING IN A SAFE, DEVELOPMENTALLY SOUND ENVIRONMENT. THE YMCA COLLABORATES WITH OTHER SOCIAL SERVICE AGENCIES TO PROVIDE SUBSIDY FOR CHILDCARE FEES AND SUPPORTIVE SERVICES FOR PARENTS AND CHILDREN. ALL YMCA CHILDCARE CENTERS ARE LICENSED BY THE DEPARTMENT OF PUBLIC WELFARE AND ARE PARTICIPATING IN KEYSTONE STARS. 1128340 218769 HUMAN SERVICES - OUR YMCA WORKS IN COLLABORATION WITH GOVERNMENTAL AND COMMUNITY AGENCIES TO PROVIDE NINE TRANSITIONAL HOUSING PROGRAMS FOR HOMELESS MEN, WOMEN AND CHILDREN. THESE PROGRAMS INCLUDE LIFE SKILLS, EDUCATION, JOB READINESS AND INTENSIVE CASE MANAGEMENT TO INDIVIDUALS WHO ARE LEAVING DRUG AND ALCOHOL REHABILITATION CENTERS AND/OR INCARCERATION. IN ADDITION, THE SAME SERVICES ARE PROVIDED TO HOMELESS VETERANS, INDIVIDUALS WHO HAVE BEEN DUALLY DIAGNOSED WITH DRUG ADDICTIONS AND MENTAL HEALTH ISSUES AND SINGLE MOMS AND THEIR CHILDREN. THESE PROGRAMS CREATE A SENSE OF COMMUNITY AND BELONGING FOR OUR CLIENTS AND WERE DEVELOPED TO PROVIDE CLIENTS WITH THE SUPPORTIVE SERVICES THEY NEED TO BECOME SELF SUFFICIENT. 1883536 30418 2156949 HEALTH AND WELLNESS/MEMBERSHIP AND FITNESS - HELPING PEOPLE OF ALL AGES AND ABILITIES (REGARDLESS OF ABILITY TO PAY) TO DEVELOP HEALTH IN SPIRIT, MIND AND BODY IS AT THE CORE OF THE YMCA MOVEMENT. OUR PROGRAMS ARE DESIGNED TO HELP PEOPLE CREATE REALISTIC GOALS FOR SELF IMPROVEMENT AND EMPHASIZE DISEASE PREVENTION THROUGH REGULAR EXERCISE, PROPER NUTRITION, STRESS REDUCTION, AND HEALTH EDUCATION. SPORTS PROGRAMS FOR YOUTH, FAMILIES AND ADULTS PROMOTE TEAMWORK, INTERACTION, AND DEVELOPMENT OF SOCIAL AND PHYSICAL SKILLS. OUR AQUATIC EXCERCISE PROGRAM KEEPS SENIORS ACTIVE AND FLEXIBLE; OUR AQUATIC PROGRAM HELPS TO DEVELOP PHYSICAL SKILLS FOR CHILDREN OF ALL AGES; OUR FAMILY SWIM AND PARENT-CHILD PROGRAMS GIVE ADULTS AND CHILDREN SHARED TIME IN THE POOL TO INTERACT WITH EACH OTHER AND PROMOTE INTERGENERATIONAL RELATIONSHIPS. IN LIGHT OF THE NATIONAL OBESITY CRISIS, OUR YMCA PARTICIPATES IN THE ACTIVATE AMERICA INITIATIVE AND PARTICIPATES IN A VARIETY OF EVENTS AND COMMUNITY ACTIVITIES DESIGNED TO HELP THE "AT RISK POPULATION" DEVELOP HABITS AND RELATIONSHIPS THAT LEAD TO MORE ACTIVE LIFESTYLES. YMCA MEMBERSHIP IS INCLUSIVE AND AVAILABLE REGARDLESS OF ABILITY TO PAY. THERE ARE NO CONTRACTS. YMCA MEMBERSHIP AND PROGRAMS ARE AVAILABLE TO ALL. 282874 105 157559 AQUATICS - IN ADDITION TO TRADITIONAL YMCA SWIM LESSONS, THE YMCA PROVIDES COMMUNITY LIFEGUARD CERTIFICATION CLASSES, MANAGES THE FLEETWOOD BOROUGH POOL, PROVIDES LIFEGUARD SERVICES TO THE READING PHILLIES, OFFERS AQUATIC PHYSICAL EDUCATION CLASSES IN COLLABORATION WITH READING AREA COMMUNITY COLLEGE, PROVIDES FREE SWIM LESSONS TO ALL CHILDREN ENROLLED IN CHILDCARE PROGRAMS AND OFFERS AGE GROUP AND MASTERS SWIM TEAM PROGRAMS. OUR YMCA ALSO PROVIDES COMMUNITY FIRST AID AND CPR CERTIFICATION CLASSES. 429189 1704 569916 YOUTH - YMCA YOUTH AND TEEN PROGRAMS GIVE KIDS ROLE MODELS TO HELP THEM DEVELOP SELF-ESTEEM AND STRONG VALUES, INCLUDING COOPERATION, RESPECT, GOOD CITIZENSHIP, FAIR PLAY, AND A STRONG WORK ETHIC. OUR TEEN PROGRAM IS A SAFE PLACE FOR TEENS TO COME AFTER SCHOOL TO PARTICIPATE IN RECREATIONAL ACTIVITIES, RECEIVE HOMEWORK ASSISTANCE, DEVELOP LEADERSHIP SKILLS AND PROVIDE SERVICE TO THE COMMUNITY. MORE THAN 75 TEENS ATTEND THE TEEN PROGRAM EACH DAY. YOUTH SPORTS PROGRAMS PROVIDE SKILL DEVELOPMENT TO MORE THAN 1,000 CHILDREN THROUGHOUT BERKS COUNTY EACH SEASON. YMCA DAY CAMP PROGRAMS ARE PROVIDED TO OVER 350 CHILDREN IN TEN LOCATIONS WITHIN THE ASSOCIATION EACH SUMMER. OUR DAY CAMP PROGRAMS ARE DONE IN COLLABORATION WITH LOCAL MUNICIPALITIES. 248145 0 0 FOOD SERVICE - THE YMCA PROVIDES MEALS TO ALL CHILDREN ENROLLED IN CHILDCARE AND PARTICIPATES IN THE FEDERAL FOOD PROGRAM; MORE THAN 140,000 MEALS ARE SERVED ANNUALLY THROUGH THIS PROGRAM. 10955 0 0 INTERNATIONAL - OUR YMCA IS EXTREMELY ACTIVE IN WORLD SERVICE THROUGH THE YMCA OF THE USA AND CURRENTLY HAS PARTNERSHIPS IN CHAVAKALI, KENYA, IVANOVO, RUSSIA AND HANNOVER, GERMANY. THESE PARTNERSHIPS PROVIDE EXCHANGE PROGRAMS FOR INTERNATIONAL INTERNS, ALLOW FOR PRESCHOOL EDUCATION IN KENYA, SUPPORT A STAFF MEMBER IN RUSSIA AND PROVIDE SUPPORT FOR GENERAL PROGRAM OPERATIONS. 971163 1809 727475 6200946 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 455 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 PA X X YMCA OF READING AND BERKS COUNTY 6103784700 631 WASHINGTON STREET READING PA 19601 TONY L BUCKHOLZ 1.00 X 0 0 0 PAMELA T CAMPBELL 1.00 X 0 0 0 DR RICHARD W CAMPBELL 1.00 X 0 0 0 KEITH CLEARY 1.00 X X 0 0 0 VADM DANIEL L COOPER USN 1.00 X 0 0 0 FOREST CRIGLER 1.00 X 0 0 0 MATTHEW GOLDEN 1.00 X 0 0 0 GAIL GRETH 1.00 X X 0 0 0 DANIEL HUYETT ESQ 1.00 X 0 0 0 KRISTIN KEARNEY 1.00 X 0 0 0 LISA LAVENDER 1.00 X 0 0 0 JIM MICHALAK 1.00 X X 0 0 0 JOHN E MUIR ESQ 1.00 X 0 0 0 JEANNINE O'NEILL-ROHRBACH 1.00 X 0 0 0 STEPHEN PRICE ESQ 1.00 X X 0 0 0 HON TIMOTHY ROWLEY 1.00 X 0 0 0 CARL SOTTOSANTI 1.00 X 0 0 0 JOHN J SPEICHER ESQ 1.00 X 0 0 0 LIZ STERNER 1.00 X X 0 0 0 LEN TULL 1.00 X 0 0 0 JOYCE KEFFER 1.00 X X 0 0 0 JON MILES 1.00 X 0 0 0 THOMAS CARA 1.00 X X 0 0 0 DONNA SMITH 1.00 X X 0 0 0 KIM D JOHNSON 50.00 X 97106 0 11959 JEFF KRICK 50.00 X 62199 0 4976 JILL MARINO 50.00 X 6934 0 555 JENNIFER DUHNKE 50.00 X 64580 0 9008 230819 0 26498 0 0 0 0 SMJ CONTRACTING INC 1050 BENJAMIN FRANKLIN HIGHWAY WEST DOUGLASSVILLE PA 19518 CONSTRUCTION 203283 SCHLOUCH INCORPORATED 132 EXCELSIOR DRIVE BLANDON PA 19510 CONSTRUCTION 161908 2 363719 3445457 56710 3865886 FITNESS PROGRAM 713940 2108690 2108690 CHILDCARE 624410 969295 969295 YOUTH PROGRAM 713940 569916 569916 OCCUPANCY 531110 202845 202845 AQUATICS PROGRAM 713940 147367 147367 3998113 27140 27140 239566 224345 15221 15221 15221 151257 33646 117611 117611 50866 12857 38009 38009 MISC. REVENUE-RELATED- 900099 36366 36366 36366 8098346 4072488 0 159972 32644 32644 323301 73588 227090 22623 2999940 2829922 161183 8835 85801 77023 8778 450268 396873 53395 211658 185505 24293 1860 35053 1147 33906 38618 38618 8784 8784 100073 37496 62577 55993 17386 38607 423624 350329 72375 920 46285 17513 28772 1211361 1074364 136997 90016 76235 13781 32213 18666 13547 251939 251939 66996 59185 7811 562824 562824 6350 2441 3909 EQUIPMENT RENTAL AND MA 223576 187912 35664 FOOD SERVICE 187064 187064 MISCELLANEOUS 15589 1656 13933 BAD DEBT EXPENSE 11173 11173 7471143 6200946 1235959 34238 142216 776806 46665 406277 198063 262496 198180 10000 0 68500 24806 18628747 8925740 9649699 9703007 126093 118441 760673 677329 11472619 11696632 355346 447975 72971 86679 5354102 4910589 5782419 5445243 X 4975883 5624114 23911 2939 690406 624336 5690200 6251389 11472619 11696632 X 627203 -66014 X X 0 1 1 X 1 1 X 3172357 3803300 4089101 3995082 4017143 19076983 3172357 3803300 4089101 3995082 4017143 19076983 19076983 517271 294037 276083 25254 27140 1139785 34528 30480 35450 28159 36366 164983 20381751 11457215 0.93600 0.89850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 690406 8789 -62077 7890 4892 624336 680478 4687 18276 10194 2841 690406 590120 108979 9983 8638 680478 835256 7132 -233398 10990 7880 590120 0.00000 1.00000 0.00000 1 0 909188 909188 14738406 7027672 7710734 330166 32906 297260 2633716 1865162 768554 17271 17271 9703007 LOAN FEES 42993 BENEFICIAL INTEREST IN PERPETUAL TR 624336 FRANCHISE FEES 10000 677329 8098346 7471143 627203 -66014 -66014 561189 8059086 -66014 33646 -32368 8091454 6892 6892 8098346 7497897 33646 33646 7464251 6892 6892 7471143 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS WILL BE USED AS A BASE TO GENERATE INCOME TO SUPPORT ONGOING PROGRAMS AND OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION TAKES THE POSITION THAT IT HAS NO NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2008, 2009 AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING COSTS PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING COSTS BREAKFAST OF CHAMPIONS 74426 74426 8037 352 MARSH MADNESS 36464 36464 4397 10 40367 40367 11225 9635 151257 151257 19262 14384 33646 117611 1 MEMBERSHIP SCHOLARSHIPS 405 30418 FMV SEE PART IV SUPPLEMENTAL INFORMATION CHILD CARE SCHOLARSHIPS 1 417 FMV SEE PART IV SUPPLEMENTAL INFORMATION AQUATICS SCHOLARSHIPS 6 105 FMV SEE PART IV SUPPLEMENTAL INFORMATION YOUTH SPORTS AND SUMMER CAMP SCHOLARSHIPS 13 1704 FMV SEE PART IV SUPPLEMENTAL INFORMATION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE YMCA OF READING AND BERKS COUNTY AWARDS FINANCIAL ASSISTANCE THROUGH MEMBERSHIP AND PROGRAM SPONSORSHIPS TO INDIVIDUALS AND FAMILIES WHO CAN DOCUMENT THEIR NEED. ELIGIBILITY IS DETERMINED BASED ON AN APPLICATION FORM AND DOCUMENTATION OF FINANCIAL NEED, INCLUDING A COPY OF LATEST INCOME TAX RETURN USED TO VERIFY INCOME AND VERIFICATION OF EMPLOYMENT. RECIPIENTS OF FINANCIAL ASSISTANCE ARE REQUIRED TO FULFILL THEIR PAYMENT OBLIGATIONS ON A TIMELY BASIS AND NOTIFY THE YMCA IMMEDIATELY IF THERE IS ANY CHANGE IN INCOME STATUS. THESE REQUIREMENTS ARE MONITORED BY THE YMCA FOR ALL INDIVIDUALS RECEIVING FINANCIAL ASSISTANCE, AND ELIGIBILITY IS REDETERMINED ANNUALLY. X X X 0 0 0 0 0 0 0 0 0 K JORDAN BAHR DAUGHTER OF FORMER PRESIDENT 146 SEASONAL PART-TIME EMPLOYMENT 0 BRANDON BAHR SON OF FORMER PRESIDENT 1205 SEASONAL PART-TIME EMPLOYMENT 0 JOHNNIE BAHR WIFE OF FORMER PRESIDENT 10000 FULL-TIME EMPLOYMENT 0 ROLAND STOCK ATTORNEYS AT LAW JOHN E. MUIR, YMCA BOARD MEMBER 32140 PAYMENTS FOR LEGAL SERVICES RENDERED 0 FORM 990, PART VI, SECTION B, LINE 11 AFTER THE DRAFT OF THE ANNUAL 990 IS SUBMITTED TO THE ACCOUNTING DEPARTMENT, IT IS REVIEWED INTERNALLY BY THE CFO. ONCE ANY CHANGES ARE MADE, THE REVISED DRAFT IS SUBMITTED TO THE FINANCE COMMITTEE CHAIR/TREASURER FOR REVIEW. FINANCE COMMITTEE MEMBERS ARE ALSO OFFERED THE OPPORTUNITY TO INDIVIDUALLY REVIEW THE 990. THE TREASURER THEN GIVES A SUMMARY REPORT TO THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED MEETING AFTER HIS REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, AND SIGN THE DISCLOSURE FORM THAT EVIDENCES THAT THE POLICY HAS BEEN READ, UNDERSTOOD, AND THAT THE INFORMATION PROVIDED ON THE DISCLOSURE FORM IS TRUE AND CORRECT. THE BOARD OF DIRECTORS RECOGNIZES THAT IT IS INEVITABLE THAT CONFLICTS OF INTEREST, OR THE APPEARANCE OF CONFLICTS OF INTEREST, WILL ARISE. HOWEVER, THE POLICY IS INTENDED TO PROVIDE A WORKABLE PROCESS FOR IDENTIFYING, MINIMIZING AND RESOLVING CONFLICTS OF INTEREST SO THAT BUSINESS TRANSACTIONS ARE TRANSACTED AT ARMS LENGTH. THE CONFLICT OF INTEREST POLICY/ DISCLOSURE ADDRESSES SUCH MATTERS AS THE REQUIREMENT FOR FULL DISCLOSURE; HOW AND WHEN A CONFLICT MAY ARISE; DEEMED CONFLICTS OF INTEREST; AND THE DUTY TO REFRAIN FROM VOTING WHERE A CONFLICT EXISTS. THE CEO IS RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, AND FOR NOTIFYING THE EXECUTIVE COMMITTEE WHEN ANY CONFLICTS ARISE. PERIODICALLY THE BOARD CHAIRPERSON REMINDS THE BOARD MEMBERS OF THEIR RESPONSIBILITY REGARDING THE DISCLOSURE OF ANY CONFLICTS AND THE DUTY TO REFRAIN FROM VOTING IF SUCH CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE RESPONSIBILITY OF AUTHORIZING COMPENSATION PACKAGES FOR EMPLOYEES OTHER THAN HIM/HERSELF RESTS WITH THE CEO OF THE ORGANIZATION. COMPENSATION PACKAGES FOR THOSE EMPLOYEES ARE DEVELOPED WITH THE GOAL OF STRENGTHENING STAFF EFFECTIVENESS IN DELIVERING MISSION-DRIVEN PROGRAMS BY PROVIDING A REWARDING COMPENSATION PACKAGE DETERMINED THROUGH A FAIR PROCESS. THE EXECUTIVE COMPENSATION PACKAGE DETERMINATION PROCESS RESTS SQUARELY WITH THE EXECUTIVE COMMITTEE (EC) OF THE BOARD OF DIRECTORS. ANNUALLY, THESE INDIVIDUALS UTILIZE A VARIETY OF INPUTS AND TOOLS PRIOR TO DETERMINING THE CEO'S COMPENSATION PACKAGE. FIRST AND FOREMOST IS THE CEO'S ABILITY TO ACHIEVE THE GOALS SET OUT PREVIOUSLY BY THE BOARD OF DIRECTORS. OTHER FACTORS CONSIDERED IN DEVELOPING A COMPENSATION PACKAGE INCLUDE: LABOR MARKET TRENDS; COMPARATIVE SALARY AND BENEFITS AT OTHER YMCAS; AND LOCAL AREA COMPARABLE DATA, AMONG OTHER FACTORS. THE EC DISCUSSES AND EVALUATES THE CEO'S PERFORMANCE IN CONJUNCTION WITH ALL OTHER RELEVANT FACTORS. THE EC IS AWARE OF AND CONSIDERS THE IMPLICATIONS OF ANY EXCESS BENEFIT SANCTIONS THAT COULD POTENTIALLY BE IMPOSED BY THE IRS. ONCE A COMPENSATION PACKAGE IS DECIDED UPON, IT IS COMMUNICATED IN WRITING TO THE CEO (AND ALSO TO THE CFO FOR IMPLEMENTATION) BY THE CHAIRPERSON OF THE EC (WHO IS ALSO THE CHAIRPERSON OF THE BOARD OF DIRECTORS). THE COMPENSATION OF THE CEO IS CLEARLY REPORTED ON FORM 990, INCLUDING ANY RETIREMENT CONTRIBUTIONS MADE TO THE YMCA RETIREMENT FUND. THE YMCA OF READING AND BERKS COUNTY BELIEVES THAT ITS EMPLOYEES ARE ITS GREATEST ASSET. THE YMCA OF READING AND BERKS COUNTY ALSO UNDERSTANDS THAT THERE IS A RESPONSIBILITY TO DONORS, FUNDERS AND MEMBERS TO UTILIZE FINANCIAL RESOURCES TO SUPPORT THE MISSION AND ACHIEVE THE BEST OUTCOMES. FAIR COMPENSATION PACKAGES ACCOMPLISH BOTH OF THESE GOALS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, ORGANIZATION POLICIES AND PROCEDURES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -66,014. PART XI, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS POLICIES FROM PRIOR YEARS RELATED TO OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.