2012-05-23T13:26:32-05:00 2011-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2011-01-01 237441972 HISTORIC HAWAI'I FOUNDATION HIST 8085232900 PO BOX 1658 HONOLULU HI 968061658 KIERSTEN FAULKNER 8085232900 2012-05-23 1 MARK A HAYES P00085205 8085311040 2011 2016-02-24 21:20:13Z KIERSTEN FAULKNER PO BOX 1658 HONOLULU HI 968061658 524405 0 X WWW.HISTORICHAWAII.ORG X 1974 HI TO ENCOURAGE THE PRESERVATION OF HISTORIC BUILDINGS AND SITES IN HAWAI'I. 27 27 6 90 0 0 337591 394153 29678 82426 13027 12243 -62412 -44982 317884 443840 0 0 0 0 237195 231789 0 0 28986 203955 239084 441150 470873 -123266 -27033 983264 946768 24261 18520 959003 928248 X TO PRESERVE AND ENCOURAGE THE PRESERVATION OF HISTORICAL BUILDINGS, OBJECTS, AND SITES RELATING TO THE HISTORY OF HAWAII; TO PROMOTE AN AWARENESS OF AND RESPECT FOR ALL THAT IS HISTORICALLY SIGNIFICANT AND ARCHITECTURALLY DISTINCTIVE IN OUR STATE; AND THROUGH THESE EFFORTS, TO KEEP ALIVE AND INTACT FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS THE INHERENT BEAUTY OF THE HAWAIIAN ISLANDS AND THE UNIQUE HISTORIC ROLE OF THE ISLANDS IN THE DEVELOPMENT OF THE PACIFIC BASIN. 0 0 158484 19577 PUBLIC EDUCATION - TO DEVELOP A COMMUNITY ETHIC OF PRESERVATION AND HERITAGE STEWARDSHIP THROUGH MEMBERSHIP; HISTORIC TOURS; EDUCATIONAL SEMINARS AND LECTURES; PUBLICATIONS; HISTORIC SITE RESEARCH AND ADVOCACY. 143390 63230 PRESERVATION PROJECTS AND TECHNICAL ASSISTANCE - TO CONNECT THE PAST TO THE PRESENT AND ENSURE THAT HERITAGE PROTECTION IS HARMONIOUS WITH CONTEMPORARY NEEDS THROUGH FIELD SERVICES; ON-SITE PRESERVATION ASSISTANCE; STATEWIDE CIRCUIT RIDER; PROFESSIONAL DEVELOPMENT WORKSHOPS; REVIEW OF DEVELOPMENT PROPOSALS; RECOMMENDATIONS FOR AVOIDING, MINIMIZING AND MITIGATING HARM TO HISTORIC PROPERTIES; INTEGRATING PRESERVATION INTO SIGNIFICANT PLANNING AND DEVELOPMENT PROPOSALS; AND PARTICIPATING IN LONG-RANGE URBAN AND RURAL COMMUNITY PLANNING ACTIVITIES. 56601 PUBLIC OUTREACH - TO PRESERVE HAWAII'S HERITAGE THROUGH POLICY DEVELOPMENT AND ADVOCACY FOR STATEWIDE AND LOCAL PRESERVATION INVENTORY; ECONOMIC INCENTIVE PROGRAMS; PUBLIC PLANS, COMMISSIONS AND REGULATIONS; LEADING AND FACILITATING PUBLIC AWARENESS; AND BUILDING COALITIONS OF HISTORIC PRESERVATION ALLIANCES. 18868 RESOURCE AND ADVOCACY - TO RESEARCH AND PROVIDE INFORMATION ON PROCESSING HISTORIC SITE STATUS AND BACKGROUND HISTORY ON SITES. 18868 377343 1 1 0 1 0 0 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 7 0 6 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X X HISTORIC HAWAII FOUNDATION 8085232900 680 IWILEI ROAD SUITE 690 HONOLULU HI 96817 NORB BUELSING 1.00 X X 0 0 0 JEAN CAMPBELL 1.00 X 0 0 0 DAWN NS CHANG 1.00 X 0 0 0 DAVID CHEEVER 1.00 X 0 0 0 GREGORY CHUN 1.00 X 0 0 0 ERIC CRISPIN 1.00 X 0 0 0 GREG DICKHENS 1.00 X 0 0 0 CINDY EVANS 1.00 X 0 0 0 ANN BECKER GOMMERS 1.00 X 0 0 0 LES Y GOYA 1.00 X 0 0 0 ANNA GRUNE 1.00 X 0 0 0 FRANK HAAS 1.00 X X 0 0 0 ROBERT IOPA 1.00 X X 0 0 0 TIMOTHY E JOHNS 1.00 X 0 0 0 SAMUEL AB LYONS 1.00 X X 0 0 0 WENDIE MCALLASTER 1.00 X X 0 0 0 LORRAINE MINATOISHI PALUMBO 1.00 X 0 0 0 TONY MIZUNO 1.00 X 0 0 0 CURT NAKAMURA 1.00 X X 0 0 0 ROBERT NOBRIGA 1.00 X 0 0 0 MICHAEL J O'MALLEY 1.00 X X 0 0 0 MIKIO SATO 1.00 X 0 0 0 RONALD SATO 1.00 X 0 0 0 PATRICIA SHEEHAN 1.00 X 0 0 0 RAMSAY TAUM 1.00 X 0 0 0 KIMO TODD 1.00 X X 0 0 0 TOM YOUNG 1.00 X 0 0 0 CARL A CARLSON JR 1.00 X 0 0 0 LINDA FAYE COLLINS 1.00 X 0 0 0 AMERJIT GHAG 1.00 X 0 0 0 LEA OK SOON HONG 1.00 X 0 0 0 RAY SOON 1.00 X X 0 0 0 RICHARD S TOWILL 1.00 X 0 0 0 KIERSTEN FAULKNER 40.00 X 84000 0 7290 84000 0 7290 0 0 0 0 0 70709 212095 111349 12942 394153 TECHNICAL ASSISTANCE 611710 63230 63230 PUBLIC EDUCATION 611710 19196 19196 82426 12243 12243 35040 212095 80403 -45363 -45363 543 162 381 381 443840 82807 0 -33120 91290 79001 4779 7510 134639 116515 7048 11076 814 704 43 67 5046 4367 264 415 3085 3085 20706 20706 2384 2384 45639 42288 3351 28828 20638 5712 2478 16035 12764 1563 1708 5378 3850 1066 462 5838 4179 1157 502 4824 3453 956 415 PRESERVATION PROGRAM 96486 81471 15015 EQUIPMENT 6576 5307 550 719 OTHER 3305 2806 216 283 470873 377343 64544 28986 68013 54330 173265 196579 84200 23800 6506 6209 3384 2414 55835 46667 8537 9168 639284 654193 75 75 983264 946768 24261 18520 24261 18520 X 223878 274433 174130 92820 560995 560995 959003 928248 983264 946768 X -27033 -3722 X 0 1 1 X 0 X 218544 754609 293385 337591 394153 1998282 268607 340845 217812 29737 82969 939970 487151 1095454 511197 367328 477122 2938252 140055 234494 221462 53925 58400 708336 0 140055 234494 221462 53925 58400 708336 2229916 17642 29170 4500 13076 12243 76631 17642 29170 4500 13076 12243 76631 1370 2025 3395 506163 1124624 517722 380404 489365 3018278 0.73880 0.53950 0.02540 0.02540 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 1 0 1 1 1 1430 1430 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: HISTORIC HAWAII FOUNDATION (HHF) SUPPORTS LEGISLATIVE ISSUES WHICH FURTHER THE BASIC INTERESTS OF THOSE IT SERVES, AND OPPOSES ISSUES DETRIMENTAL TO ITS MISSION. HHF IS NONPARTISAN IN POLITICAL MATTERS AND DOES NOT ENDORSE OR OPPOSE ANY CANDIDATE FOR PUBLIC OFFICE. BOARD OF TRUSTEES SETS LEGISLATIVE GOALS AND WORKS TO ACHIEVE THOSE GOALS. LEGISLATIVE ACTIVITIES INCLUDE RESEARCHING PRESERVATION PUBLIC POLICIES; MONITORING, REVIEWING AND TESTIFYING ON BILLS AND RESOLUTIONS IN STATE AND LOCAL LEGISLATIVE BODIES; AND MEETING WITH ELECTED OFFICIALS. INFORMATION ABOUT THE LEGISLATIVE AFFAIRS WAS PROVIDED TO HHF MEMBERS THROUGH ITS USUAL METHODS OF COMMUNICATION, INCLUDING NEWSLETTERS, WEBSITE AND EMAIL NOTICES. X 2 2 0 1 0 10.00 500 560995 40000 9769 9769 600995 560995 560995 450995 110000 560995 240495 210500 450995 0.06660 0.93340 0 0 51600 43219 8381 4235 3448 787 9168 PUBLICLY TRADED SECURITIES 654193 F 654193 443840 470873 -27033 -3722 -3722 -30755 547054 -3722 25686 81310 103274 443780 60 60 443840 496499 25686 25686 470813 60 60 470873 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: PRESERVATION EASEMENTS ARE LEGALLY BINDING DOCUMENTS, WHICH REQUIRE THAT HISTORIC PROPERTIES BE PRESERVED AND MAINTAINED. IN AUGUST 2011, A PRESERVATION AND CONSERVATION EASEMENT FOR THE FRED C. BALDWIN MEMORIAL HOME IN MAKAWAO, MAUI, HAWAII WAS DONATED TO THE FOUNDATION. THE PURPOSE OF THE EASEMENT WAS TO ASSURE THAT THE ARCHITECTURAL, HISTORIC, CULTURAL, AND AESTHETIC FEATURES OF THE BUILDING'S EXTERIOR WILL BE RETAINED AND MAINTAINED FOREVER SUBSTANTIALLY IN THEIR APPEARANCE AND CONDITION AS THEY EXIST ON THE EFFECTIVE DATE OF THE EASEMENT FOR CONSERVATION AND PRESERVATION PURPOSES, TO PREVENT ANY USE OR CHANGE IN OF THE EASEMENT AREA THAT WILL SIGNIFICANTLY IMPACT OR INTERFERE WITH THE VISUAL BUFFER THAT THE EASEMENT AREA CREATES AROUND THE BUILDING. THE FOUNDATION, AS HOLDER OF THIS EASEMENT, IS CHARGED WITH MAKING SURE THE BUILDING'S EXTERIOR IS PRESERVED IN SUBSTANTIALLY THE SAME OR BETTER CONDITION AS EXISTED ON THE EFFECTIVE DATE OF THE EASEMENT; HOWEVER, THE OWNER OF THE HOUSE WILL DECIDE HOW IT IS TO BE USED AND WILL BE RESPONSIBLE FOR FINANCING ITS PRESERVATION. THE EASEMENT PROVIDES THE FOUNDATION WITH A VESTED REAL PROPERTY INTEREST IN THE PROPERTY THAT WAS NOT RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE A MAJOR UNCERTAINTY EXISTS ABOUT THE EXISTENCE OF VALUE, AND THE EASEMENT HAS NO ALTERNATIVE USE. PREVIOUSLY, A PARCEL OF PROPERTY WAS DONATED TO THE UNIVERSITY OF HAWAII BY THE ESTATE OF JEAN CHARLOT WITH A STIPULATION THAT THE FOUNDATION BE GIVEN A PRESERVATION AND CONSERVATION EASEMENT TO ASSIST IN PRESERVING AND MAINTAINING THE PROPERTY AND ITS ARCHITECTURAL, HISTORIC, AND CULTURAL FEATURES FOR THE BENEFIT OF THE PEOPLE OF HONOLULU. THE RESPONSIBILITY OF THE FOUNDATION, AS HOLDER OF THIS EASEMENT, IS TO REVIEW ANY PROPOSED CHANGES TO THE HOUSE TO ASSURE THE CHANGES DO NOT AFFECT THE HISTORICAL INTEGRITY OF THE BUILDING. THE FOUNDATION IS ALSO CHARGED WITH MAKING SURE THE BUILDING RECEIVES APPROPRIATE MAINTENANCE AND REPAIR; HOWEVER, THE UNIVERSITY, AS OWNER OF THE HOUSE, WILL DECIDE HOW IT IS TO BE USED AND WILL BE RESPONSIBLE FOR FINANCING ITS PRESERVATION. THE EASEMENT PROVIDES THE FOUNDATION WITH A VESTED REAL PROPERTY INTEREST IN THE PROPERTY THAT WAS NOT RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE A MAJOR UNCERTAINTY EXISTS ABOUT THE EXISTENCE OF VALUE, AND THE EASEMENT HAS NO ALTERNATIVE USE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: HISTORIC HAWAII FOUNDATION (HHF) HOLDS THREE ENDOWMENTS, TOTALING $560,995. THE BRETZLAFF FOUNDATION ENDOWMENT ($225,000) WAS ESTABLISHED IN 1998 TO PROVIDE SUPPORT FOR THE OPERATIONS AND ACTIVITIES OF THE HISTORIC HAWAII FOUNDATION. THE HHF ENDOWMENT ($15,495) PROVIDES SUPPORT FOR THE OPERATIONS AND ACTIVITIES OF THE HISTORIC HAWAII FOUNDATION. THE HAWAII PRESERVATION FUND ENDOWMENT ($320,500) WAS INITIATED IN 2008 UNDER AN AGREEMENT WITH THE NATIONAL TRUST FOR HISTORIC PRESERVATION TO CREATE A DEDICATED FUNDING STREAM FOR PRESERVATION PROJECTS IN THE HAWAIIAN ISLANDS. THE AGREEMENT PROVIDES FOR A MUTUAL FUNDRAISING CAMPAIGN TO RAISE FUNDS FOR ANNUAL GRANTS THAT SUPPORT CULTURAL HERITAGE PRESERVATION EFFORTS, AND FOR RELATED TECHNICAL ASSISTANCE AND SUPPORT BY HHF. THE ENDOWMENT WILL BE HELD BY AND ADMINISTERED BY THE NATIONAL TRUST AT THE CONCLUSION OF THE FUNDRAISING CAMPAIGN. DURING THE YEAR OF DECEMBER 31, 2011, THE BOARD OF TRUSTEES OF THE FOUNDATION DESIGNATED $40,000 OF UNRESTRICTED NET ASSETS AS AN EASEMENT STEWARDSHIP ENDOWMENT FUND TO SUPPORT ANNUAL EASEMENT STEWARDSHIP OBLIGATIONS. FUNDS RECEIVED AS OF 12/31/11 TOTALED $20,000. PLEDGES RECEIVABLE IN 2012 TOTAL $20,000. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AS OF DECEMBER 31, 2011 AND 2010 AND FOR THE YEARS THEN ENDED BY REVIEWING ITS INCOME TAX RETURNS AND CONFERRING WITH ITS TAX ADVISORS, AND DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH SUCH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. SUCH RETURNS ARE OPEN FOR EXAMINATION UNTIL THE STATUTE OF LIMITATIONS EXPIRES. PART XII, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN TEMPORARILY RESTRICTED NET ASSETS 81,310. WINTER BENEFIT 247135 212095 35040 80403 247135 212095 35040 80403 80403 -45363 X 1 0 X FOOD/BEVERAGE 2 5120 FAIR MARKET VALUE X SUPPLIES 5 5427 FAIR MARKET VALUE X PRINT/COPY 2 2395 FAIR MARKET VALUE 1 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. NON REPORTING OF REVENUE: PART I, LINE 33: A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G FOR THE DONATION OF THE A PRESERVATION AND CONSERVATION EASEMENT BECAUSE THE ORGANIZATION DID NOT RECOGNIZE IT IN ITS FINANCIAL STATEMENTS SINCE A MAJOR UNCERTAINTY EXISTS ABOUT THE EXISTENCE OF VALUE, AND THE EASEMENT HAS NO ALTERNATIVE USE. FORM 990, PART V, LINE 2A: THE ORGANIZATION HAS A CO-EMPLOYMENT ARRANGEMENT WITH ALTRES, WHO IS THE OUTSOURCED HR/PAYROLL PROVIDER AND THE EMPLOYER OF RECORD. THE ORGANIZATION IS THE WORKSITE EMPLOYER. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP: COLLINS-TOWILL BUSINESS RELATIONSHIP: IOPA-CHANG, IOPA-CHUN, IOPA-CRISPIN, IOPA-DICKHENS, IOPA-GOYA, IOPA-MINATOISHI, IOPA-O'MALLEY, IOPA-SOON, IOPA-TAUM, GRUNE-JOHNS, GRUNE-NAKAMURA, GRUNE-TOWILL, CHUN-CARLSON, CRISPIN-HAAS, CRISPIN-MINATOISHI, CRISPIN-NAKAMURA, CRISPIN-MCALLASTER. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO ALLOW FOR THE ANNUAL REPORT TO BE DISTRIBUTED ELECTRONICALLY; FOR VARIOUS MEETING NOTICES TO BE DISTRIBUTED ELECTRONICALLY; TO PROVIDE GREATER FLEXIBILITY IN THE COMPOSITION OF THE NOMINATING COMMITTEE BY ALLOWING THE PRESIDENT TO APPOINT BETWEEN 5 AND 7 MEMBERS OF THE COMMITTEE, DRAWING FROM BOTH CURRENT TRUSTEES AND NON-BOARD MEMBERS OF THE ORGANIZATION, SUBJECT TO BOARD APPROVAL; TO REMOVE THE REQUIREMENT FOR THE INCOMING PRESIDENT TO APPOINT A PARLIMENTARIAN; AND OTHER MINOR EDITING AND NON-SUBSTANTIVE HOUSEKEEPING MEASURES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY AND THE PRESIDENT OF THE BOARD OF TRUSTEES. MEMBERS HAVE THE RIGHT TO AMEND THE BY-LAWS. MEMBERS DO NOT HAVE THE RIGHT TO RECEIVE A SHARE OF THE ORGANIZATION'S ASSETS UPON THE ORGANIZATION'S DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A HISTORIC HAWAII HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS TAKE ACTION ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11 HISTORIC HAWAII FOUNDATION SHALL ANNUALLY PREPARE REQUIRED FILINGS WITH THE INTERNAL REVENUE SERVICE (FORM 990). THE EXECUTIVE DIRECTOR SHALL FORWARD THE PRE-FINAL FORM 990 TO THE FINANCE COMMITTEE FOR REVIEW AND COMMENT. THE EXECUTIVE DIRECTOR SHALL COMPLETE REVISIONS AS DIRECTED BY THE FINANCE COMMITTEE AND SHALL FORWARD THE FINAL FORM 990 TO THE BOARD OF TRUSTEES FOR REVIEW AND ACCEPTANCE PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY. IF A CONFLICT ARISES, THE BOARD MEMBER DISCLOSES THE CONFLICT, REFRAINS FROM THE DISCUSSION AND ABSTAINS FROM VOTING. THE CONFLICT AND THE BOARD MEMBERS' ABSTENTION FROM THE ACTION IS DISCLOSED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH THE POLICIES OF THE BOARD OF HISTORIC HAWAII FOUNDATION, AN EVALUATION OF CY2011 PERFORMANCE FOR EXECUTIVE DIRECTOR KIERSTEN FAULKNER WAS CONDUCTED FOLLOWING THIS PROCEDURE: THE EVALUATION PROCESS WAS FACILITATED BY THE BOARD EXECUTIVE COMMITTEE, WITH THE OPPORTUNITY FOR PARTICIPATION BY THE ENTIRE BOARD. IN FEBRUARY A REVIEW OF THE CURRENT JOB DESCRIPTION FOR THE EXECUTIVE DIRECTOR WAS CONDUCTED, AND AN EVALUATION CHECKLIST WAS FINALIZED AND CIRCULATED TO ALL BOARD MEMBERS AND THE EXECUTIVE DIRECTOR. THE EVALUATION CHECKLIST WAS BASED UPON THE JOB DESCRIPTION AND THE ORGANIZATIONAL OBJECTIVES HISTORIC HAWAII FOUNDATION AND ITS STRATEGIC PLAN. THE EVALUATION CHECKLISTS WERE COMPLETED BY BOARD MEMBERS AND A COMPILATION OF THE RESULTS (IN THE FORM OF A COMPOSITE CHECKLIST) WAS PREPARED AND PRESENTED TO THE BOARD IN EXECUTIVE SESSION. THE EXECUTIVE DIRECTOR ALSO PREPARED A SEPARATE SELF EVALUATION, INCLUDING PROPOSED PERFORMANCE OBJECTIVES FOR CY2011. AT ITS MEETING IN EXECUTIVE SESSION THE BOARD REVIEWED THE COMPILATION OF THE EVALUATION CHECKLIST RESULTS AND DISCUSSED AND REACHED CONSENSUS ON EACH ITEM IN THE CHECKLIST AS REFLECTED IN THE COMPILATION. THE BOARD ALSO DISCUSSED THE COMPENSATION OF THE EXECUTIVE DIRECTOR, TAKING INTO ACCOUNT THE CURRENT FINANCIAL CIRCUMSTANCES OF HISTORIC HAWAII FOUNDATION, THE PERFORMANCE OF THE EXECUTIVE DIRECTOR, THE ECONOMY STATUS OF HAWAII, THE UNDERSTANDING OF THE BOARD ON COMPENSATION OF EXECUTIVE DIRECTORS/CEOS OF COMPARABLE ORGANIZATIONS IN HAWAII AND THE REGION, AND ANY OTHER CIRCUMSTANCES. FORM 990, PART VI, SECTION C, LINE 19 HISTORIC HAWAII FOUNDATION MAINTAINS COPIES OF ALL ORGANIZATIONAL DOCUMENTS, INCLUDING THE ARTICLES OF INCORPORATION, BY-LAWS AND DETERMINATION OF 501(C)(3) TAX EXEMPT STATUS IN PERPETUITY. HISTORIC HAWAII FOUNDATION MAINTAINS COPIES OF ITS ANNUAL FILING WITH THE INTERNAL REVIEW SERVICE (FORM 990), ANNUAL AUDIT OF FINANCIAL STATEMENTS, AND ANNUAL REPORTS FOR A PERIOD OF SIX YEARS. SUCH DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE CORPORATION OFFICE DURING NORMAL OFFICE HOURS. FORM 990, PART IX, LINE 7 AND LINE 10: PAYROLL TAXES ARE INCLUDED ON LINE 7 (OTHER SALARIES AND WAGES) INSTEAD OF LINE 10 (PAYROLL TAXES). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,722.