PARTNERSHIP FOR EXCELLENCE IN JEWISH: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: PARTNERSHIP FOR EXCELLENCE IN JEWISH (EIN 04-3365815)
Tax period: 2010-09-01 to 2011-08-31
Filed: 2012-03-07
IRS object ID: 201220679349300617
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-07T09:45:40-06:00	Timestamp
Tax Period End Date	2011-08-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ALEXANDER ARONSON FINNING & CO PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	21 EAST MAIN STREET	AddressLine1
City	WESTBORO	City
State	MA	State
ZIP Code	01581	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-09-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	043365815	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PARTNERSHIP FOR EXCELLENCE IN JEWISH	BusinessNameLine1
Business Name Line2	EDUCATION INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	PART	NameControl
Phone	6173670001	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	88 BROAD STREET 6TH FLOOR	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02110	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	AMY KATZ	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	6173670001	Phone
Date Signed	2012-03-02	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOHN BUCKLEY CPA	Name
Phone	5083669100	Phone
Date Prepared	2012-03-02	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	AMY KATZ	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	88 BROAD STREET 6TH FLOOR	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02110	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1499725	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.PEJE.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1997	YearFormation
State Legal Domicile	MA	StateLegalDomicile
Activity Or Mission Description	THE PARTNERSHIP FOR EXCELLENCE IN JEWISH EDUCATION, INC., IS UNIQUELY POSITIONED TO ADVANCE THE JEWISH DAY SCHOOL FIELD THROUGH STRONG ADVOCACY, STRATEGIC CONVENINGS, COALITION BUILDING, AND THOUGHT LEADERSHIP.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	14	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	14	NbrIndependentVotingMembers
Total Nbr Employees	33	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	2256921	ContributionsGrantsPriorYear
Contributions Grants Current Year	1039950	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	42099	ProgramServiceRevenuePriorYear
Program Service Revenue CY	412189	ProgramServiceRevenueCY
Investment Income Prior Year	-10038	InvestmentIncomePriorYear
Investment Income Current Year	22134	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1718	OtherRevenuePriorYear
Other Revenue Current Year	25452	OtherRevenueCurrentYear
Total Revenue Prior Year	2290700	TotalRevenuePriorYear
Total Revenue Current Year	1499725	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	386172	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	81246	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2708150	SalariesEtcPriorYear
Salaries Etc Current Year	2288423	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	28806	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	275773	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1499695	OtherExpensePriorYear
Other Expenses Current Year	1986047	OtherExpensesCurrentYear
Total Expenses Prior Year	4622823	TotalExpensesPriorYear
Total Expenses Current Year	4355716	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-2332123	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-2855991	RevenuesLessExpensesCY
Total Assets BOY	10865342	TotalAssetsBOY
Total Assets EOY	6664184	TotalAssetsEOY
Total Liabilities BOY	588661	TotalLiabilitiesBOY
Total Liabilities EOY	443494	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	10276681	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	6220690	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE PARTNERSHIP FOR EXCELLENCE IN JEWISH EDUCATION, INC., (PEJE) BELIEVES THAT DAY SCHOOLS ARE ESSENTIAL FOR FOSTERING AN ENGAGED JEWISH PEOPLE FOR AN ENDURING FUTURE. PEJE CONNECTS AND EMPOWERS JEWISH DAY SCHOOLS AND MAJOR STAKEHOLDERS IN THE JEWISH COMMUNITY ACROSS THE DENOMINATIONAL AND GEOGRAPHIC SPECTRUM AND OFFERS UNPARALLELED KNOWLEDGE AND RESOURCES TO FOSTER FINANCIAL SUSTAINABILITY AND AFFORDABILITY. PEJE IS DEDICATED TO IMPACTING THE FIELD THROUGH BOLD INITIATIVES TO STIMULATE THE CORE REVENUE STREAMS OF ANNUAL CAMPAIGN, LEGACY, ENDOWMENT, AND TUITION AND TO BROADEN THE MARKET FOR DAY SCHOOL EDUCATION.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	982119	Expense
Revenue	393897	Revenue
Description	ASSEMBLY - THE OCTOBER, 2010 ASSEMBLY FEATURED HIGH-LEVEL, EXECUTIVE SEMINAR-STYLE TRAINING FOR DECISION MAKERS AT DAY SCHOOLS, FEDERATIONS, CENTRAL AGENCIES, AND FOUNDATIONS. CLOSE TO 1,000 REGISTRANTS REPRESENTING 250 DAY SCHOOLS, 35 FEDERATIONS, 25 CENTRAL EDUCATION AGENCIES, AND 10 DENOMINATIONAL NETWORKS PARTICIPATED IN THE CONFERENCE. THE THEME, "HARNESSING OUR POWER," UNDERSCORED THE FIELD'S POTENTIAL TO EFFECT CHANGE THROUGH A WELL-FUNCTIONING AND INTEGRATED ECOSYSTEM OF SCHOOLS WORKING TOGETHER AND IN COLLABORATION WITH FEDERATIONS AND CENTRAL AGENCIES. A CASE STUDY, FOLLOWED BY AN AFTERNOON OF CASE-BASED LEARNING SEMINARS, OFFERED NEW APPROACHES TO PROBLEM SOLVING, THE ABILITY TO UNDERSTAND ISSUES FROM DIVERSE POINTS OF VIEW, AND DEEPER LEVELS OF SELF-AWARENESS - ALL CRITICAL LEADERSHIP SKILLS FOR TODAY'S COMPLEX WORLD. IN-DEPTH PRESENTATIONS ON INSTITUTIONAL SUSTAINABILITY, THE SHIFTING CONTEXT OF LEADERSHIP, AND THE RELATIONSHIP OF JEWISH DAY SCHOOLS TO THE COMMUNITY ADDRESSED THE CENTRAL ISSUES NOW CONFRONTING THE FIELD. THE FINAL DAY WAS DEVOTED TO ADVOCACY AND POSITIONING OF JEWISH DAY SCHOOL EDUCATION, WITH SESSIONS FOCUSED ON HOW TO PROMOTE THE DAY SCHOOL VALUE PROPOSITION - THE PREMISE THAT DAY SCHOOLS ARE PRECIOUS COMMUNAL ASSETS THAT ARE CENTRAL TO A VIBRANT, ENDURING JEWISH FUTURE.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	869240	Expense
Grants	27746	Grants
Revenue	5774	Revenue
Description	COACHING AND COLLABORATIONS - PEJE CONDUCTS WEBINARS AND PROVIDES PROFESSIONAL COACHING SERVICES TO INDIVIDUAL SCHOOLS TO DISSEMINATE BEST PRACTICE AND REINFORCE LEARNING. PEJE STAFF AND CONSULTANTS FIELDED OVER 500 INQUIRIES RELATED TO SCHOOL LEADERSHIP. PEJE STAFF COLLABORATED WITH YESHIVA UNIVERSITY'S INSTITUTE FOR COMMUNITY-DAY SCHOOL INITIATIVES TO IDENTIFY, RECRUIT, AND HELP TRAIN AND OVERSEE COACHES WHO WILL WORK WITH 30-40 SCHOOLS IN 5 COMMUNITIES, SELECTING 17 COACHES FROM A POOL OF 175. TO PROMOTE DATA DRIVEN DECISION MAKING, PEJE HAS DEVELOPED A SUITE OF TOOLS IN CONJUNCTION WITH A CONSULTING FIRM, MEASURING SUCCESS, AND SUBSIDIZES SCHOOLS AND COMMUNITIES TO OFFSET THEIR COST OF DATA COLLECTION AND ANALYSIS.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	590296	Expense
Revenue	5610	Revenue
Description	ADVOCACY AND MARKETING - THE ADVOCACY AND MARKETING TEAM IS HELPING SCHOOLS USE SOCIAL MEDIA TO ADVANCE THEIR OBJECTIVES AND LEARN FROM EACH OTHER. THROUGH FACEBOOK, TWITTER, BLOGS, AND THE ELECTRONIC PUBLICATION, SUSTAINED, PEJE IS REACHING AN EVER-WIDENING CIRCLE OF DAY SCHOOL PROFESSIONALS AND SUPPORTERS TO DISSEMINATE BEST PRACTICE AND THE DAY SCHOOL VALUE PROPOSITION.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	995890	Expense
Grants	53500	Grants
Revenue	32360	Revenue
Description	IN MID-YEAR, PEJE NARROWED ITS PROGRAM FOCUS TO CONCENTRATE ON THE THREE REVENUE STREAMS REQUIRED FOR FINANCIAL SUSTAINABILITY: ANNUAL CAMPAIGN FUNDRAISING, ENDOWMENT AND LEGACY GIVING, AND INCREASING TUITION REVENUE. TEN SCHOOLS IN THE LOS ANGELES AREA COMPLETED AN 18-MONTH TRAINING PROGRAM, THE LEADERSHIP AND FUNDRAISING ACADEMY, WHICH BRINGS TOGETHER A SCHOOL'S LAY AND PROFESSIONAL LEADERS TO TEACH THEM THE BASICS OF DEVELOPMENT. AN ADDITIONAL 101 DAY SCHOOL DEVELOPMENT AND ADMINISTRATIVE PROFESSIONALS ATTENDED TWO-DAY SEMINARS ON FUNDRAISING, TO BE FOLLOWED BY EIGHT HOURS OF PROFESSIONAL COACHING FOR EACH SCHOOL IN ATTENDANCE. THE GOAL OF THE CONFERENCES IS TO TEACH THE SCHOOLS HOW TO CREATE A DEVELOPMENT PLAN, FOCUS ON MAJOR DONORS, AND CREATE OUTREACH STRATEGIES TO ALUMNI AND COMMUNITY LEADERS. PEJE DEVELOPED THE DEVELOPMENT SELF-ASSESSMENT TOOL (DSAT) TO HELP SCHOOL MONITOR KEY INDICATORS OF SUCCESS. THREE COMMUNITIES COMMITTED TO PARTICIPATING IN GENERATIONS, A THREE-YEAR PROGRAM TO PROVIDE TRAINING FOR BUILDING ENDOWMENT AND LEGACY GIFTS. SPONSORED BY THE AVI CHAI FOUNDATION, THIS PILOT PROGRAM REQUIRES COMMUNITIES TO PROVIDE MATCHING FUNDS TO SUPPORT THE STAFF AND COACHES INVOLVED. SEVENTY PROFESSIONALS ATTENDED ADMISSIONS CONFERENCE CONDUCTED IN AUGUST AND WILL RECEIVE UP TO EIGHT HOURS OF FOLLOW-UP COACHING OVER THE COURSE OF THE NEXT YEAR TO HELP THEM DEVELOP ACTIVE RECRUITMENT AND RETENTION PROGRAMS FOR THEIR SCHOOLS.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	995890	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	53500	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	32360	TotalOfOtherProgramServiceRev
Total Program Service Expense	3437545	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	62	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	33	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Form8899 Filed	0	Form8899Filed
Form1098 C Filed	0	Form1098CFiled
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	14	NbrVotingGoverningBodyMembers
Number Independent Voting Members	14	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	1	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MA	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	JANET GELBART	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6173670001	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	88 BROAD STREET 6TH FLOOR	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02110	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (19 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Institutional TrusteeInstitutionalTrustee	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
DEBORAH SWARTZ
DIRECTOR	1.00	X	0	0	0
BOBBY LENT
DIRECTOR	1.00	X	0	0	0
PAULA GOTTESMAN
DIRECTOR	1.00	X	0	0	0
BRADFORD KLATT
DIRECTOR	1.00	X	0	0	0
STEVE BERMAN
DIRECTOR	1.00	X	0	0	0
NANCY HAMBURGER
DIRECTOR	1.00	X	0	0	0
GAIL NORRY
DIRECTOR	1.00	X	0	0	0
PAMELA ROHR
DIRECTOR	1.00	X	0	0	0
ADELSON FAMILY FOUNDATION - M BOHNE
TREASURER	1.00		0	0	0	X	X
JIM JOSEPH FOUNDATION - AL T LEVITT
DIRECTOR	1.00		0	0	0	X
AVI CHAI FOUNDATION - LAUREN MERKIN
DIRECTOR	1.00		0	0	0	X
SCHWARTZ FAMILY FOUNDATION-SSCHWART
DIRECTOR	1.00		0	0	0	X
SHAPELL FAMILY FOUNDATION -R SHAPEL
DIRECTOR	1.00		0	0	0	X
HAROLD GRINSPOON FOUND - DTRODERMAN
BOARD CHAIR	1.00		0	0	0	X	X
RABBI JOSHUA ELKIN
EXECUTIVE DIRECTOR	40.00		241396	0	132499		X
JANET GELBART
DIRECTOR OF FINANCE & OPER	40.00		114032	0	16157		X
AMY KATZ
ASSOCIATE DIRECTOR	36.00		169730	0	24235			X
CHERYL FINKEL
SENIOR CONSULTANT	40.00		118877	0	0				X
GLORIA GREENFIELD
STRATEGY MANAGER	40.00		122285	0	17561				X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	766320	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	190452	TotalOtherCompensation
Number Individuals GT100 K	5	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	MEASURING SUCCESS LLC	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	86A SHERMAN STREET	AddressLine1
City	CAMBRIDGE	City
State	MA	State
ZIP Code	02141	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	DATA ANALYSIS TOOLS AND SUPPORT	DescriptionOfServices
Compensation	166971	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
All Other Contributions	1039950	AllOtherContributions
Total Contributions	1039950	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	CONFERENCE AND OTHER P	Description
Business Code	900099	BusinessCode
Total Revenue Column	412189	TotalRevenueColumn
Related Or Exempt Function Income	412189	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	412189	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	22134	TotalRevenueColumn
Exclusion	$22,134	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS INCOME	Description
Business Code	900099	BusinessCode
Total Revenue Column	25452	TotalRevenueColumn
Related Or Exempt Function Income	25452	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	25452	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1499725	TotalRevenueColumn
Related Or Exempt Function Income	437641	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$22,134	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	81246	Total
Program Services	81246	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	730010	Total
Program Services	330792	ProgramServices
Management And General	320992	ManagementAndGeneral
Fundraising	78226	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1270452	Total
Program Services	1107051	ProgramServices
Management And General	80161	ManagementAndGeneral
Fundraising	83240	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	19946	Total
Program Services	13562	ProgramServices
Management And General	3046	ManagementAndGeneral
Fundraising	3338	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	134686	Total
Program Services	119577	ProgramServices
Management And General	7750	ManagementAndGeneral
Fundraising	7359	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	133329	Total
Program Services	92428	ProgramServices
Management And General	31320	ManagementAndGeneral
Fundraising	9581	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	12125	Total
Management And General	12125	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	22759	Total
Management And General	22759	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	162615	Total
Program Services	150622	ProgramServices
Management And General	8501	ManagementAndGeneral
Fundraising	3492	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	186047	Total
Program Services	168487	ProgramServices
Management And General	14081	ManagementAndGeneral
Fundraising	3479	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	196242	Total
Program Services	147577	ProgramServices
Management And General	37501	ManagementAndGeneral
Fundraising	11164	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	111514	Total
Program Services	82086	ProgramServices
Management And General	20847	ManagementAndGeneral
Fundraising	8581	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	569905	Total
Program Services	563401	ProgramServices
Management And General	6495	ManagementAndGeneral
Fundraising	9	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	26462	Total
Program Services	19900	ProgramServices
Management And General	5057	ManagementAndGeneral
Fundraising	1505	Fundraising

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
CONSULTANTS	581042	488238	27224	65580
OTHER	66130	60738	5214	178
TEMP HELP AND CONTRACT	51206	11840	39325	41

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4355716	Total
Program Services	3437545	ProgramServices
Management And General	642398	ManagementAndGeneral
Fundraising	275773	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	5532	BOY
EOY	2217	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	3555564	BOY
EOY	3698617	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	7117060	BOY
EOY	2798000	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	49449	BOY
EOY	50412	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	62089	BOY
EOY	65752	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	184216	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	135030	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	75648	BOY
EOY	49186	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	10865342	BOY
EOY	6664184	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	228354	BOY
EOY	183568	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	335639	BOY
EOY	230110	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	24668	BOY
EOY	29816	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	588661	BOY
EOY	443494	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2792632	BOY
EOY	3117986	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	7484049	BOY
EOY	3102704	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	10276681	BOY
EOY	6220690	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	10865342	BOY
EOY	6664184	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-2855991	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1200000	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	8067628	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	6297352	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2761024	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1288503	CurrentTaxYearMinus1Year
Current Tax Year	-237390	CurrentTaxYear
Total	18177117	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	8067628	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	6297352	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2761024	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1288503	CurrentTaxYearMinus1Year
Current Tax Year	-237390	CurrentTaxYear
Total	18177117	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	9030860	AmountsSubstContributorsTotal
Public Support Total170	9146257	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	120540	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	80077	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	22337	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	19839	CurrentTaxYearMinus1Year
Current Tax Year	22134	CurrentTaxYear
Total	264927	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	5042	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1718	CurrentTaxYearMinus1Year
Current Tax Year	25452	CurrentTaxYear
Total	32212	Total

Field	Value	IRS element (for citing)
Total Support	18474256	TotalSupport
Gross Receipts From Admissions Etc	1430186	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.49510	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.49150	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170
General Explanation	SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: PART II, SECTION A, LINE 1 - THE 2010 GRANTS AND CONTRIBUTIONS AMOUNT IS NEGATIVE DUE TO A REDUCTION MADE BY A DONOR TO HIS PRIOR YEAR PLEDGE.	GeneralExplanation

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9029	OtherCostOrOtherBasis
Depreciation	2709	Depreciation
Book Value	6320	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	146762	OtherCostOrOtherBasis
Depreciation	123793	Depreciation
Book Value	22969	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	28425	OtherCostOrOtherBasis
Depreciation	8528	Depreciation
Book Value	19897	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	49186	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DEFERRED RENT	Description
Amount	$29,816	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	29816	TotalOfAmounts
Total Revenue	1499725	TotalRevenue
Total Expenses	4355716	TotalExpenses
Excess Or Deficit For Year	-2855991	ExcessOrDeficitForYear
Other	-$1,200,000	OtherAmount
Total Adjustments	-1200000	TotalAdjustments
Excess Or Deficit Per FS	-4055991	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1499725	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	1499725	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	1499725	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4355716	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	4355716	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	4355716	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	THE ORGANIZATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD, WHICH REQUIRES THE ORGANIZATION TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF AUGUST 31, 2011, THE ORGANIZATION DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. INFORMATION RETURNS FILED FOR THE PRIOR THREE YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE COMMONWEALTH OF MASSACHUSETTS. THE ORGANIZATION DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS.
PART XI, LINE 8 - OTHER ADJUSTMENTS:		FY 2011 REDUCTION OF DONOR'S PLEDGE MADE & RECORDED IN THE PRIOR YEAR -1,200,000.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Recipient Table RecipientTable (4 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Purpose Of GrantPurposeOfGrant
RAVSAK
120 WEST 97TH STREET	NEW YORK	NY	10025	911894659	3	18000	SUPPORT FOR DAY SCHOOL NETWORKING CONFERENCE
BJE OF GREATER LOS ANGELES
6505 WILSHIRE BLVD SUITE 300	LOS ANGELES	CA	90048	954280178	3	53500	ADMINISTER COACHING PROGRAM FOR LOCAL AREA SCHOOLS RELATED TO FUNDRAISING CAPACITY
PARDES JEWISH DAY SCHOOL
3916 EAST PARADISE LANE	PHOENIX	AZ	85032	860969657	3	8218	SUPPORT SCHOOL INFRASTRUCTURE TO ALLOW FOR EDUCATIONAL ENHANCEMENT
THE JEWISH EDUCATION PROJECT
520 EIGTH AVENUE	NEW YORK	NY	10018	131632519	3	1528	SUPPORT SCHOOL INFRASTRUCTURE TO ALLOW FOR EDUCATIONAL ENHANCEMENT

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	4	TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	OTHER INFORMATION:	Identifier
Return Reference	PART IV:	ReturnReference
Explanation	RECIPIENT SCHOOLS HAVE TO SUBMIT REPORTS AND RECEIPTS TO SHOW THAT THEY USED THESE FUNDS FOR THE INTENDED PURPOSE.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	0	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	0	AnyNonFixedPayments
Initial Contract Exception	0	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
RABBI JOSHUA ELKIN
241396	0	0	0	0	0	54738	0	77761	0	373895	0	0	0
AMY KATZ
169730	0	0	0	0	0	5227	0	19008	0	193965	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	SUPPLEMENTAL INFORMATION	Identifier
Return Reference	PART III	ReturnReference
Explanation	FORM 990, SCHEDULE J, LINE 2: THE HOUSING ALLOWANCE IS A PARSONAGE ALLOWANCE, THE AMOUNT OF WHICH IS ON THE EXECUTIVE DIRECTOR'S CONTRACT.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 4	PEJE WAS FOUNDED BY A GROUP OF PHILANTHROPISTS WHO FORMED A GOVERNING PARTNERSHIP BASED ON A FUNDING COMMITMENT OF AT LEAST $300,000 PER YEAR FOR AT LEAST FIVE YEARS. OVER TIME, AS THE ORGANIZATION MATURED, THE GOVERNANCE STRUCTURE PROVED TOO RESTRICTIVE TO ATTRACT A ROBUST AND DIVERSE REVENUE STREAM AND TO ENSURE THE AVAILABILITY OF QUALIFIED BOARD MEMBERS WITH A BROAD SPECTRUM OF TALENTS. TO RESOLVE THESE ISSUES, THE BOARD VOTED TO AMEND ITS BYLAWS TO ESTABLISH A BOARD OF DIRECTORS RESPONSIBLE FOR THE CONTROL AND MANAGEMENT OF THE CORPORATION. THE BOARD OF PARTNERS WAS RETAINED AND IS RESPONSIBLE FOR ELECTING DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 WAS PRESENTED TO THE AUDIT COMMITTEE BY THE AUDITORS AND WAS THEN REVIEWED IN DETAIL BY THE COMMITTEE. IT WAS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW.
	THE POLICY AND ANNUAL SIGNOFFS ARE FOLLOWED UP ON BY THE DIRECTOR OF FINANCE, WHO REPORTS RESULTS TO COMPLIANCE OFFICER.	FORM 990, PART VI, SECTION B, LINE 12C
	THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ESTABLISHING THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR BASED ON COMPARABLE DATA FOR HEADS OF MAJOR NATIONAL JEWISH FOUNDATIONS. A COMMITTEE CONSISTING OF THE BOARD CHAIR, TREASURER, AND MEMBERS OF THE FINANCE COMMITTEE WILL REVIEW THE COMPENSATION PACKAGE ON AN ANNUAL BASIS. RECOMMENDATIONS OF THE COMPENSATION COMMITTEE WILL BE SUBMITTED TO THE FULL BOARD FOR APPROVAL. PERFORMANCE REVIEWS WILL BE CONDUCTED ANNUALLY BY A SEPARATE COMMITTEE OF THE BOARD TO BE APPOINTED BY THE CHAIR, AND WILL BE DISCUSSED BY THE FULL BOARD AT ITS ANNUAL MEETING EACH OCTOBER.	FORM 990, PART VI, SECTION B, LINE 15A
	THIS INFORMATION IS AVAILABLE UPON REQUEST.	FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:	FY 2011 REDUCTION OF DONOR'S PLEDGE MADE & RECORDED IN THE PRIOR YEAR -1,200,000. TOTAL TO FORM 990, PART XI, LINE 5: -1,200,000.	FORM 990, PART XI, LINE 5:
	THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT.	FORM 990, PART XII, LINE 2C
	IN ACCORDANCE WITH GAAP, PEJE RECORDS MULTI-YEAR PLEDGES IN THE YEAR AN UNCONDITIONAL COMMITMENT IS MADE AND RELEASES THE REVENUE FOR USE IN ITS OPERATING BUDGET IN THE YEAR FOR WHICH THE CONTRIBUTION IS INTENDED. FOR FISCAL YEAR 2011, PEJE RECORDED UNRESTRICTED REVENUES OF $4,681,070 AND EXPENSES OF $4,355,716, RESULTING IN A NET SURPLUS IN ITS OPERATING FUND OF $325,354. BECAUSE THE 990 IS PREPARED ON THE BASIS OF TOTAL REVENUES AND EXPENSES, THE REVENUE AMOUNTS SHOWN ON PART I AND PART VIII DO NOT REFLECT THE RELEASE OF PLEDGES RECOGNIZED AS TEMPORARILY RESTRICTED REVENUE IN PRIOR YEARS. AS A RESULT, THE 990 STATEMENTS REFLECT NET LOSSES FOR THE YEAR.