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      <Description>POLICY IMPLEMENTATION AND REFORM: THE ALLIANCE PERFORMS A BROAD VARIETY OF POLICY RESEARCH, PUBLIC OUTREACH AND EDUCATION, AND ADVOCACY ACTIVITIES TO ENHANCE THE DEVELOPMENT AND IMPLEMENTATION OF LOCAL, STATE AND FEDERAL POLICIES GOVERNING GREAT LAKES WATER QUALITY, WATER USE, ECOSYSTEMS INTEGRITY AND INVASIVE SPECIES PREVENTION. DURING FISCAL 2011, THE ALLIANCE HELPED LEAD A REGIONAL AND ILLINOIS EFFORT TO BUILD SUPPORT TO PERMANENTLY PREVENT INVASIVE ASIAN CARP ENTERING THE GREAT LAKES. THIS INCLUDED FEDERAL POLICY REFORM, WATCHDOGGING AND IMPROVING SHORT-TERM PREVENTION MEASURES, ENSURING THE BROAD DISSEMINATION OF SOUND SCIENCE ON THE THREAT, DEVELOPMENT OF PROFESSIONAL COMMUNICATION TOOLS AND BUILDING LOCAL SUPPORT FOR THE EFFORT IN THE CHICAGO AREA. THE ALLIANCE ENSURED PROTECTION OF OUR GREAT LAKES WATER SUPPLY THROUGH OUR SUPPORT FOR IMPROVED WATER USE RULES IN THE STATE OF WISCONSIN AND PREVENTION OF NEW WATER POLICY IN OHIO THAT WOULD HAVE ROLLED BACK WATER USE PROTECTIONS AND PUT LAKE ERIE AND THE GREAT LAKES WATER RESOURCES COMPACT AT RISK. THE ALLIANCE HELPED FACILITATE THE CREATION OF THE NEW COASTAL MANAGEMENT PROGRAM IN ILLINOIS WHICH WILL DRIVE APPROXIMATELY $2 MILLION ANNUALLY TOWARD LAKE MICHIGAN COASTAL IMPROVEMENTS IN THAT STATE. THE ALLIANCE INITIATED AN APPEAL OF THE DISCHARGE PERMIT FOR THE DETROIT WATER AND SEWERAGE DEPARTMENT, THE LARGEST COMBINED SEWAGE DISCHARGER TO THE GREAT LAKES, TO ENSURE THE PERMIT CONTAINS AN ENFORCEABLE TIMELINE FOR WATER QUALITY CONTROLS. IN ADDITION, THE ALLIANCE PERFORMS DAY-TO-DAY WORK ON CONVENTIONAL POLLUTION CONTROL FROM INDUSTRIAL FACILITIES, PUBLIC UTILITIES AND SEWAGE TREATMENT PLANTS LOCATED ON OR NEAR THE GREAT LAKES.</Description>
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        <Description>EDUCATION: THE ALLIANCE PROVIDES RESEARCH, OUTREACH, TRAINING AND CURRICULUM DEVELOPMENT SERVICES TO EDUCATORS IN SUPPORT OF ITS EFFORT TO BRING PLACE-BASED EDUCATION (PBE) TO STUDENTS THROUGHOUT THE GREAT LAKES REGION. THERE ARE 2,250 COPIES OF THE ALLIANCE AUTHORED GREAT LAKES IN MY WORLD CURRICULUM IN USE THROUGHOUT ALL EIGHT OF THE GREAT LAKES STATES - RESULTING IN APPROXIMATELY 25,000 STUDENTS ANNUALLY LEARNING ABOUT THE RESOURCE IN THEIR OWN BACK YARD. MORE THAN A THOUSAND TEACHERS HAVE INTEGRATED THE GREAT LAKES IN MY WORLD CURRICULUM AND ADOPT-A-BEACH PROGRAM INTO THEIR CLASSROOM ACTIVITIES. DURING FISCAL 2011, THE ALLIANCE DEVELOPED AN ACTION PLAN FOR THE REGIONAL GREAT LAKES EDUCATION COLLABORATIVE, IMPLEMENTED A GREAT LAKES EDUCATOR CERTIFICATION PROGRAM IN WISCONSIN, AND DEVELOPED SEVERAL DISTRICT OR MULTI-SCHOOL LEVEL INTEGRATIONS OF GREAT LAKES EDUCATION RESOURCES INTO REGULAR CURRICULUM IN THE MILWAUKEE, CHICAGO AND CLEVELAND AREAS.</Description>
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        <Description>STEWARDSHIP: THE ALLIANCE PROVIDES TRAINING AND SUPPORTS THE ON-THE-GROUND RESTORATION INITIATIVES OF MORE THAN 9,000 VOLUNTEERS IN FIVE GREAT LAKES STATES THROUGH ITS ADOPT-A-BEACH AND HABITAT RESTORATION PROGRAMS. DURING FISCAL YEAR 2011, THE ALLIANCE AND ITS VOLUNTEERS CLEANED UP AND MONITORED 292 BEACHES IN OHIO, INDIANA, WISCONSIN, ILLINOIS, MINNESOTA AND MICHIGAN; REMOVED MORE THAN 31,000 POUNDS OF UNSIGHTLY AND DANGEROUS DEBRIS FROM BEACHES; MONITORED BEACHES AND COASTAL WATER QUALITY TO DETERMINE SOURCES OF POLLUTION; AND EDUCATED AND ENGAGED 336 SCHOOLS, BUSINESSES, COMMUNITY GROUPS, AGENCIES, INDIVIDUALS AND FAMILIES FROM AROUND THE GREAT LAKES. THE ALLIANCE COMMUNICATED THE COMPILED RESULTS OF OUR VOLUNTEER ACTIVITIES TO SEVERAL STATES HELP ESTABLISH THE NEED FOR IMPROVED WATER QUALITY AT GREAT LAKES BEACHES. FINALLY, THE ALLIANCE IMPLEMENTED A NEW COASTAL HABITAT RESTORATION ASSESSMENT TOOL IN WISCONSIN, ILLINOIS AND INDIANA THAT WILL BE USED TO LINK OUR VOLUNTEERS TO THE RESTORATION OF UNIQUE COASTAL HABITAT SITES THROUGHOUT THE GREAT LAKES.</Description>
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        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
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        <NamePerson>SUE CONATSER</NamePerson>
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        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
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        <NamePerson>SUSAN MIHALO</NamePerson>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
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        <NamePerson>TED MARTIN</NamePerson>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TINA RONGERS</NamePerson>
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        <Officer>X</Officer>
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        <NamePerson>UNMI SONG</NamePerson>
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        <NamePerson>WILLIAM JEFFERSON BLACK</NamePerson>
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        <Officer>X</Officer>
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        <NamePerson>JOEL BRAMMEIER</NamePerson>
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        <Description>CONTRACT REVENUES</Description>
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      <CompCurrentOfficersDirectors>
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      <OtherSalariesAndWages>
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      <PensionPlanContributions>
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      <OtherEmployeeBenefits>
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      <PayrollTaxes>
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        <ManagementAndGeneral>7411</ManagementAndGeneral>
        <Fundraising>3467</Fundraising>
      </PayrollTaxes>
      <FeesForServicesAccounting>
        <Total>83241</Total>
        <ManagementAndGeneral>83241</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>520753</Total>
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        <Fundraising>47181</Fundraising>
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      <OfficeExpenses>
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        <ProgramServices>81984</ProgramServices>
        <ManagementAndGeneral>8532</ManagementAndGeneral>
        <Fundraising>21173</Fundraising>
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      <Occupancy>
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        <ProgramServices>73913</ProgramServices>
        <ManagementAndGeneral>12200</ManagementAndGeneral>
        <Fundraising>8446</Fundraising>
      </Occupancy>
      <Travel>
        <Total>43128</Total>
        <ProgramServices>39781</ProgramServices>
        <ManagementAndGeneral>1815</ManagementAndGeneral>
        <Fundraising>1532</Fundraising>
      </Travel>
      <ConferencesMeetings>
        <Total>53391</Total>
        <ProgramServices>41847</ProgramServices>
        <ManagementAndGeneral>6258</ManagementAndGeneral>
        <Fundraising>5286</Fundraising>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>32402</Total>
        <ProgramServices>25327</ProgramServices>
        <ManagementAndGeneral>4181</ManagementAndGeneral>
        <Fundraising>2894</Fundraising>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>POSTAGE AND SHIPPING</Description>
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        <ProgramServices>26052</ProgramServices>
        <ManagementAndGeneral>616</ManagementAndGeneral>
        <Fundraising>13497</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TELEPHONE</Description>
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        <ProgramServices>15408</ProgramServices>
        <ManagementAndGeneral>2543</ManagementAndGeneral>
        <Fundraising>1761</Fundraising>
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      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
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        <ManagementAndGeneral>11100</ManagementAndGeneral>
        <Fundraising>463</Fundraising>
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      <OtherExpenses>
        <Description>COMMUNICATIONS</Description>
        <Total>11509</Total>
        <ProgramServices>10415</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>1094</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FUNDRAISING EVENTS DIRE</Description>
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        <Fundraising>-35979</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>8915</Total>
        <ProgramServices>7122</ProgramServices>
        <ManagementAndGeneral>1060</ManagementAndGeneral>
        <Fundraising>733</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>1947537</Total>
        <ProgramServices>1567732</ProgramServices>
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        <Fundraising>125506</Fundraising>
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      <CashNonInterestBearing>
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      <SavingsAndTempCashInvestments>
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      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
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      <AccountsReceivable>
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      <InventoriesForSaleOrUse>
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      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>14840</BOY>
        <EOY>31538</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>183931</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>115530</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>95222</BOY>
        <EOY>68401</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
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        <EOY>664864</EOY>
      </InvestmentsPubTradedSecurities>
      <TotalAssets>
        <BOY>1349773</BOY>
        <EOY>1489571</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>53262</BOY>
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      <OtherLiabilities>
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        <EOY>33319</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
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        <EOY>129798</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>743897</BOY>
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      <TemporarilyRestrictedNetAssets>
        <BOY>524555</BOY>
        <EOY>361002</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1268452</BOY>
        <EOY>1359773</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1349773</BOY>
        <EOY>1489571</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>52735</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>38586</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>1049508</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1706732</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1326394</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1610017</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1738972</CurrentTaxYear>
        <Total>7431623</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>1049508</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1706732</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1326394</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1610017</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1738972</CurrentTaxYear>
        <Total>7431623</Total>
      </Total170>
      <AmountsSubstContributorsTotal>2143784</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>5287839</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>33721</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>44927</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>31523</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>11726</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>11939</CurrentTaxYear>
        <Total>133836</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>37214</CurrentTaxYearMinus4Years>
        <Total>37214</Total>
      </OtherIncome170>
      <TotalSupport>7602673</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>1183515</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.69550</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.70810</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
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        <ContributorNameBusiness>
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        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <EndOfYearBalance>149619</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>99763</BeginningOfYearBalance>
        <Contributions>30576</Contributions>
        <InvestmentEarningsOrLosses>9567</InvestmentEarningsOrLosses>
        <EndOfYearBalance>139906</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>96536</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>3227</InvestmentEarningsOrLosses>
        <EndOfYearBalance>99763</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>1.00000</BoardDesignatedEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>59043</OtherCostOrOtherBasis>
        <Depreciation>30368</Depreciation>
        <BookValue>28675</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>59698</OtherCostOrOtherBasis>
        <Depreciation>54676</Depreciation>
        <BookValue>5022</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>65190</OtherCostOrOtherBasis>
        <Depreciation>30486</Depreciation>
        <BookValue>34704</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>68401</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>DEFERRED RENT</Description>
        <Amount>33319</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>33319</TotalOfAmounts>
      <TotalRevenue>2000272</TotalRevenue>
      <TotalExpenses>1947537</TotalExpenses>
      <ExcessOrDeficitForYear>52735</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>38586</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>38586</TotalAdjustments>
      <ExcessOrDeficitPerFS>91321</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>2137115</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>38586</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>62278</DonatedSrvcAndUseOfFacilities>
      <OtherRevenues>35979</OtherRevenues>
      <RevenueNotRptdF990>136843</RevenueNotRptdF990>
      <RevenueSubtotal>2000272</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>2000272</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2045794</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>62278</DonatedServicesUseOfFacilities>
      <OtherExpensesIncluded>35979</OtherExpensesIncluded>
      <ExpensesNotRptdF990>98257</ExpensesNotRptdF990>
      <ExpensesSubtotal>1947537</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>1947537</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>THE BOARD HAS DESIGNATED THESE FUNDS FOR THE LONG TERM PURPOSES OF THE ORGANIZATION</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FUND RAISING EVENT EXPENSES NETTED AGAINST EVENT REVENUES</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FUND RAISING EVENT EXPENSES NETTED AGAINST EVENT REVENUES</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>SOCIAL</NameOfEvent1>
        <GrossReceiptsEvent1>106015</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>91015</CharitableContributionsEvent1>
        <GrossRevenueEvent1>15000</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>1011</RentFacilityCostsEvent1>
        <EntertainmentEvent1>2250</EntertainmentEvent1>
        <OtherDirectExpensesEvent1>25042</OtherDirectExpensesEvent1>
        <NameOfEvent2>SOCIAL</NameOfEvent2>
        <GrossReceiptsEvent2>9943</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>7457</CharitableContributionsEvent2>
        <GrossRevenueEvent2>2486</GrossRevenueEvent2>
        <RentFacilityCostsEvent2>450</RentFacilityCostsEvent2>
        <FoodAndBeverageEvent2>431</FoodAndBeverageEvent2>
        <OtherDirectExpensesEvent2>6795</OtherDirectExpensesEvent2>
        <GrossReceiptsTotal>115958</GrossReceiptsTotal>
        <CharitableContributionsTotal>98472</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>17486</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>1461</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>431</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>2250</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>31837</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>35979</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-18493</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 2</Identifier>
        <Explanation>TWO MEMBERS OF THE ORGANIZATIONS BOARD OF DIRECTORS ARE A MARRIED COUPLE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>FORM 990 IS REVIEWED BY THE BOARD TREASURER ON BEHALF OF THE BOARD BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE ALLIANCE MONITORS ALL SITUATIONS OR TRANSACTIONS FOR POTENTIAL CONFLICTS OF INTEREST ON AN ONGOING BASIS AND ALSO EXPECTS THAT BOARD MEMBERS AND KEY EMPLOYEES WOULD BRING ANY SUCH POTENTIAL CONFLICTS TO THE ATTENTION OF THE EXECUTIVE COMMITTEE IN COMPLIANCE WITH THE STATED POLCICY OF THE ALLIANCE. DETERMINATIONS OF WHETHER CONFLICTS OF INTEREST EXIST ARE MADE BY THE EXECUTIVE COMMITTEE UPON REVIEW OF THE SITUATION OR TRANSACTION IN QUESTION. IF THE EXECUTIVE COMMITTEE DETERMINES THAT THERE IS A PERSON WITH A POTENTIAL CONFLICT OF INTEREST, THAT PERSON IS THEN PROHIBITED FROM PARTICIPATING IN THE GOVERNING BOARD'S DELIBERATIONS AND DECISIONS REGARDING THE SITUATION OR TRANSACTION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>COMPENSATION IS DETERMINED BY THE CHAIRMAN OF THE BOARD AND APPROPRIATE EXECUTIVE COMMITTEE MEMBERS WITH INPUT FROM INDEPENDENT PERSONS AS DEEMED NECESSARY. INFORMATION IS OBTAINED FROM SURVEYS AND OTHER SOURCES FOR COMPARISON PURPOSES. DELIBERATIONS IN DETERMINING COMPENSATION AND THE BASIS FOR DECISIONS REACHED ARE DOCUMENTED BY THE EXECUTIVE COMMITTEE MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC 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: 38,586.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990. PART XI, LINE 2C.</ReturnReference>
        <Explanation>THE ORGANIZATION HAS AN AUDIT COMMITTEE WITH RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>