2012-10-23T15:18:00-05:00 2011-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2011-01-01 840399006 THE ASPEN INSTITUTE ASPE 2027361074 ONE DUPONT CIRCLE NW NO 700 WASHINGTON DC 200361133 DOLORES GORGONE 2027361074 2012-10-23 1 FRANK H SMITH P00639053 2028225000 2012-10-23 2011 2016-02-24 21:20:13Z WALTER ISAACSON ONE DUPONT CIRCLE NW NO 700 WASHINGTON DC 200361133 78716818 0 X WWW.ASPENINSTITUTE.ORG X 1949 CO VALUES-BASED LEADERSHIP IN NEUTRAL AND BALANCED VENUE FOR DISCUSSING CRITICAL ISSUES. 66 66 305 173 10033647 -2350612 49399174 49664114 18696816 22627623 642091 914534 357611 86096 69095692 73292367 2966536 3754471 0 0 25059549 27368895 0 0 1846037 38040955 42757583 66067040 73880949 3028652 -588582 170674815 169299444 10377863 11571805 160296952 157727639 X THE INSTITUTE'S MISSION IS TO FOSTER VALUES-BASED LEADERSHIP ENCOURAGING INDIVIDUALS TO REFLECT ON THE IDEALS AND IDEAS THAT DEFINE A GOOD SOCIETY AND TO PROVIDE A NEUTRAL AND BALANCED VENUE FOR DISCUSSING AND ACTING ON CRITICAL ISSUES. THE INSTITUTE DOES THIS IN FOUR WAYS:SEMINARS, WHICH HELP PARTICIPANTS REFLECT ON WHAT THEY THINK MAKES A GOOD SOCIETY AND ENHANCING THEIR CAPACITY TO SOLVE THE PROBLEMS LEADERS FACE; YOUNG LEADER FELLOWSHIPS AROUND THE GLOBE, WHICH BRING PROVEN LEADERS TOGETHER FOR AN INTENSE MULTI-YEAR PROGRAM AND COMMITMENT; POLICY PROGRAMS, WHICH SERVE AS NONPARTISAN FORUMS FOR ANALYSIS, CONSENSUS-BUILDING AND PROBLEM-SOLVING ON A WIDE VARIETY OF ISSUES; AND PUBLIC PROGRAMS WHICH PROVIDE A COMMONS FOR PEOPLE TO SHARE IDEAS. THE INSTITUTE IS BASED IN WASHINGTON D.C. WITH OPERATIONS IN ASPEN, COLORADO, NEW YORK CITY, AND ON THE WYE RIVER ON MARYLAND'S EASTERN SHORE. IT ALSO HAS AN INTERNATIONAL NETWORK OF PARTNERS. 0 0 32333204 3657054 3438686 POLICY PROGRAM: THE INSTITUTE'S PROGRAMS ADVANCE PUBLIC AND PRIVATE-SECTOR KNOWLEDGE ON SIGNIFICANT POLICY ISSUES CONFRONTING CONTEMPORARY SOCIETY. THEY CONVENE LEADERS AND EXPERTS TO SEEK CONSTRUCTIVE SOLUTIONS TO CRITICAL PROBLEMS. WHILE EACH PROGRAM IS UNIQUE IN SUBSTANCE AND APPROACH THEY ALL SHARE A COMMITMENT TO ADVANCING BETTER POLICY BY BRINGING DIVERSE PERSPECTIVES TOGETHER IN PURSUIT OF INFORMED DIALOGUE AND EFFECTIVE SOLUTIONS. 14410920 CAMPUS ACTIVITIES: THE INSTITUTE CARRIES OUT MUCH OF ITS WORK ON ITS TWO CAMPUSES. IN ASPEN, COLORADO AND ON THE WYE RIVER ON MARYLAND'S EASTERN SHORE WHERE NATURAL BEAUTY AND QUIET SURROUNDINGS ENCOURAGES THOUGHTFUL REFLECTION AND REFRESHES THE MIND, BODY AND SPIRIT. 5846406 47417 7163655 PUBLIC PROGRAMS: THE INSTITUTE'S PUBLIC PROGRAM OPENS THE DOORS TO THE PUBLIC, OFFERING OPPORTUNITIES TO ENGAGE IN THOUGHTFUL, NONPARTISAN INQUIRY. OUR MAJOR EVENTS INCLUDE THE ASPEN IDEAS FESTIVAL, THE MCCLOSKEY SPEAKER SERIES, THE ENVIRONMENT FORUMS, THE HEALTH FORUMS, THE NEW YORK AND THE ALMA AND JOSEPH GILDENHORN BOOK SERIES. THESE PUBLIC FORUMS ENGAGE OVER 6,800 MEMBERS OF THE GENERAL PUBLIC ANNUALLY. 2394929 50000 272505 ASPEN GLOBAL LEADERSHIP NETWORK 2039500 1822317 SEMINARS 1096050 24048 OTHER RESTRICTED PROGRAMS 5530479 50000 2118870 58121009 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 541 1 1 305 1 1 1 0 0 0 0 0 0 0 0 0 X 66 66 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT FL GA IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X THE INSTITUTE 2027361074 ONE DUPONT CIRCLE NW NO 700 WASHINGTON DC 200361133 ROBERT K STEEL 1.00 X X 0 0 0 HENRY E CATTO 0.30 X X 0 0 0 BERL BERNHARD 0.30 X X 0 0 0 LEONARD A LAUDER 0.30 X X 0 0 0 WILLIAM E MAYER 0.30 X X 0 0 0 MADELEINE K ALBRIGHT 0.30 X 0 0 0 PAUL F ANDERSON 0.30 X 0 0 0 MERCEDES BASS 0.30 X 0 0 0 RICHARD BRADDOCK 0.30 X 0 0 0 BETH A BROOKE 0.30 X 0 0 0 MELVA BUCKSBAUM 0.30 X 0 0 0 WILLIAM D BUDINGER 0.30 X 0 0 0 STEPHEN L CARTER 0.30 X 0 0 0 JAMES S CROWN 0.30 X 0 0 0 ANDREA CUNNINGHAM 0.30 X 0 0 0 JOHN DOERR 0.30 X 0 0 0 SYLVIA A EARLE 0.30 X 0 0 0 MICHAEL EISNER 0.30 X 0 0 0 L BROOKS ENTWISTLE 0.30 X 0 0 0 LEONHARD FISCHER 0.30 X 0 0 0 ALAN FLETCHER 0.30 X 0 0 0 HENRIETTA HOLSMAN FORE 0.30 X 0 0 0 ANN B FRIEDMAN 0.30 X 0 0 0 STEPHEN FRIEDMAN 0.30 X 0 0 0 HENRY LOUIS GATES JR 0.30 X 0 0 0 MIRCEA D GEOANA 0.30 X 0 0 0 DAVID GERGEN 0.30 X 0 0 0 ALMA L GILDENHORN 0.30 X 0 0 0 GERALD GREENWALD 0.30 X 0 0 0 PATRICK W GROSS 0.30 X 0 0 0 ARJUN GUPTA 0.30 X 0 0 0 GERALD D HOSIER 0.30 X 0 0 0 ANN FRASHER HUDSON 0.30 X 0 0 0 ROBERT J HURST 0.30 X 0 0 0 JEAN-PIERRE JOUYET 0.30 X 0 0 0 OTARO KOBAYASHI 0.30 X 0 0 0 DAVID H KOCH 0.30 X 0 0 0 TIMOTHY K KRAUSKOPF 0.30 X 0 0 0 FREDERICK V MALEK 0.30 X 0 0 0 JAMES MANYIKA 0.30 X 0 0 0 BONNIE PALMER MCCLOSKEY 0.30 X 0 0 0 DAVID MCCORMICK 0.30 X 0 0 0 ANNE WELSH MCNULTY 0.30 X 0 0 0 KARLHEINZ MUHR 0.30 X 0 0 0 CLARE MUNANA 0.30 X 0 0 0 JERRY MURDOCK 0.30 X 0 0 0 MARC B NATHANSON 0.30 X 0 0 0 WILLIAM A NITZE 0.30 X 0 0 0 HER MAJESTY QUEEN NOOR 0.30 X 0 0 0 JACQUELINE NOVOGRATZ 0.30 X 0 0 0 OLARA A OTUNNU 0.30 X 0 0 0 ELAINE PAGELS 0.30 X 0 0 0 CHARLES POWELL 0.30 X 0 0 0 MICHAEL K POWELL 0.30 X 0 0 0 MARGOT PRITZKER 0.30 X 0 0 0 LYNDA RESNICK 0.30 X 0 0 0 CONDOLEEZZA RICE 0.30 X 0 0 0 ISAAC O SHONGWE 0.30 X 0 0 0 ANNA DEAVERE SMITH 0.30 X 0 0 0 MICHELLE SMITH 0.30 X 0 0 0 JAVIER SOLANA 0.30 X 0 0 0 GAUTAM THAPAR 0.30 X 0 0 0 GIULIO TREMONTI 0.30 X 0 0 0 RODERICK K VON LIPSEY 0.30 X 0 0 0 VIN WEBER 0.30 X 0 0 0 ALICE YOUNG 0.30 X 0 0 0 WALTER ISAACSON 40.00 X 783062 0 58449 AMY MARGERUM 40.00 X 315655 0 52310 ELLIOT GERSON 40.00 X 310545 0 58454 DOLORES GORGONE 40.00 X 243467 0 38418 PETER A REILING 40.00 X 311415 0 58430 SUSAN SHERWIN 40.00 X 255844 0 52469 CHARLES FIRESTONE 40.00 X 281306 0 52380 MICKEY EDWARDS 40.00 X 267112 0 47292 JANE WALES 40.00 X 308385 0 29737 MARGARET CLARK 40.00 X 231863 0 50810 DAN GLICKMAN 40.00 X 225652 0 2654 3534306 0 501403 69 0 1 0 WILLOW CONSTRUCTION LLC 400 MARYLAND AVENUE EASTON MD 21601 PROPERTY CONSTRUCTION 600753 COLORADO AUDIO VISUAL INC 409 AABC SUITE B ASPEN CO 81611 AV CONSULTANTS 424235 SHEILA A BROWN 1 TOWER HILL ROAD BOW NH 03304 PROGRAM CONSULTANT 258190 SHAW CONSTRUCTION COMPANY LLC 760 HORIZON DRIVE GRAND JUNCTION CO 81506 PROPERTY CONSTRUCTION 228646 TRI LEADERSHIP RESOURCES LLC PO BOX 912 JACKSONVILLE OR 97350 PROGRAM CONSULTING 212598 24 1544647 1188402 46931065 604441 49664114 CONF./FACILITY FEES 531390 9906412 9906412 SEMINAR FEES 900099 6322045 6322045 CONTRACT REVENUE 900099 5598083 5598083 MEMBERSHIP FEES 900099 763500 763500 BOOK SALES 900099 37583 37583 22627623 220640 -16800 237440 73900 56449 17451 17451 17451 5187699 6020 4499825 0 687874 6020 693894 693894 221675 1544647 868177 -646502 -646502 OTHER INCOME 900099 402809 402809 SUBLEASE INCOME 900099 168303 168303 ADVERTISING INCOME 541800 144035 144035 715147 73292367 12721211 10033647 873395 3291379 3291379 75150 75150 387942 387942 2538518 291840 1938365 308313 19335787 14952224 3702763 680800 1846571 1577801 182024 86746 2229289 1843262 323088 62939 1418730 1103248 230690 84792 285479 71883 213596 119054 11544 107510 899 899 91095 91095 6619474 6327204 230917 61353 52790 51207 652 931 2700024 1655855 847501 196668 1295151 621666 654109 19376 2130260 1509741 582722 37797 7710971 7100898 476144 133929 632890 632890 1193883 1123092 70791 83483 83483 3707904 3707904 252035 252035 CONTRACTED SERVICES 13255165 13255165 PUBLICATIONS 1393790 1188320 195710 9760 AUDIO VISUAL SERVICES 557239 518341 22804 16094 PARTNER REIMBURSEMENTS 502784 502784 173213 26674 146539 73880949 58121009 13913903 1846037 15237 6765 8394187 6418914 24701726 23138354 1085456 1477535 97936 110458 489754 476278 92670787 34925467 59366458 57745320 22834730 17942986 53473260 61760601 216071 222233 170674815 169299444 3923553 4645899 713504 1595139 3717684 3468644 2023122 1862123 10377863 11571805 X 85844583 79199664 49067431 47779771 25384938 30748204 160296952 157727639 170674815 169299444 X -588582 -1980731 X 0 1 1 X 1 1 X 54098271 45660759 46041356 49443174 49664114 244907674 54098271 45660759 46041356 49443174 49664114 244907674 27244094 217663580 657132 755293 574674 769891 479603 3236593 274931 286354 324107 235057 402809 1523258 249667525 72275049 0.87180 0.89670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 1499 0 0 1499 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE INSTITUTE'S STAFF MET WITH SENATE STAFF TO SHARE OUR RESEARCH AND TO HELP THEM BETTER UNDERSTAND CERTAIN ISSUES. WE HAVE SOUGHT TO ENCOURGE SENTATE AND HOUSE LEADERSHIP TO REALIZE THE VALUE AND IMPORTANCE OF ADDRESSING NEEDED REFORMS. X 1 250.38 0 0 0 1 1 5.00 0 1 43483211 4713266 -393566 2929551 44873360 37422020 4218614 3375615 1533038 43483211 28840212 5059542 5032286 1510020 37422020 39213501 2297746 -7132796 5538239 28840212 0.23000 0.68490 0.08510 0 0 10627664 10627664 66413902 23003162 43410740 205240 179014 26226 4848645 4111369 737276 10575336 7631922 2943414 57745320 INVESTMENT CONTRACT 331998 F LIMITED PARTNERSHIPS 52321181 F HEDGE FUNDS 9107422 F 61760601 CAPITAL LEASE OBLIGATIONS 237582 DEFERRED COMPENSATION 1624541 1862123 73292367 73880949 -588582 -1980731 -1980731 -2569313 72271791 -1980731 126624 -1854107 74125898 91095 -924626 -833531 73292367 74841104 126624 126624 74714480 91095 -924626 -833531 73880949 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: ASPEN CONTINUES TO COMPLY WITH TERMS OF CONTRACT GOVERNING THE CONSERVATION EASEMENT HELD, WHICH INCLUDES PROTECTION OF NATURAL HABITAT. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: ASPEN HOLDS A CONSERVATION EASEMENT ON THE BALANCE SHEET AND THE CONTRIBUTED PARCEL OF LAND WAS BOOKED AS REVENUE FOR THE YEAR IT WAS GIFTED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 4.5% OF A 12 QUARTER ROLLING AVERAGE OF THE FUNDS ARE USED TO FUND PROGRAMMATIC WORK OF THE INSTITUTE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INSTITUTE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2011, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -868,177. RENTAL EXPENSES -56,449. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -868,177. RENTAL EXPENSES -56,449. 1 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 110585 EAST ASIA AND THE PACIFIC - 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 211708 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 714718 MIDDLE EAST AND NORTH AFRICA - 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 124342 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 246550 SOUTH AMERICA - ARGENTINA, BOLIVIA, 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 89348 SOUTH ASIA - AFGHANISTAN, BANGLADESH, 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 196111 SUB-SAHARAN AFRICA - ANGOLA, 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 573683 0 0 0 0 0 0 2267045 0 2267045 SOUTH AMERICA - ARGENTINA, BOLIVIA, SUPPORT ACTIVITIES OF ANDE BRAZILIAN CHAPTER 11000 WIRE SUB-SAHARAN AFRICA IMPROVE ACCESS TO HEALTHCARE 138242 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT FEASIBILITY ASSESSMENT AND STRUCTURING AFRICA TALENT FUND 37500 WIRE NORTH AMERICA SUPPORT KNOWLEDGE & HUMAN CAPITAL FORUM 8000 WIRE SOUTH ASIA SUPPORT CAPACTITY DEVELOPMENT AND INVESTMENT READINESS FOR SOCIAL BUSINESSES 50000 WIRE SOUTH AMERICA SUPPORT ACTIVITIES OF ANDE BRAZILIAN CHAPTER 11100 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) BUILDING MARKET KNOWLEDGE THROUGH A TIME CREDIT FACILITY 27100 WIRE SOUTH ASIA SUPPORT ANDE INDIA CHAPTER 5000 WIRE SOUTH ASIA - AFGHANISTAN, BANGLADESH, ESTABLISH HOPE SYSTEM OF CARE FOR CHILDREN IN CAM LE DISTRICT 100000 WIRE 0 11 1 0 0 0 0 1 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FROM TIME TO TIME THE INSTITUTE ENGAGES OTHER ENTITIES TO FURTHER THE OBJECTIVES SET FORTH IN OUR GRANT AGREEMENTS. THIS IS TYPICALLY DONE VIA SUB-AWARDS OR RE-GRANTS THAT RUN CONCURRENTLY WITH THE PRIME AWARD IN WHICH THE SUB RECIPIENTS ARE ADVISED OF ALL APPLICABLE LAWS AND REGULATIONS, AND ALL APPROPRIATE FLOW-DOWN PROVISIONS FROM THE PRIME AGREEMENT. ALL SUB GRANTEES OR SERVICE PROVIDERS MUST ALSO CERTIFY THAT THEY DO NOT AND WILL NOT KNOWINGLY PROVIDE MATERIAL SUPPORT OR RESOURCES TO ANY INDIVIDUAL OR ENTITY INVOLVED WITH TERRORISM (INCLUDING ANY INDIVIDUALS, ENTITIES, OR GROUPS SUBJECT TO OFAC SANCTIONS) OR TO ANYONE WHO ACTS AS AN AGENT FOR SUCH AN INDIVIDUAL OR ENTITY. ANY VIOLATION OF THIS CERTIFICATION MUST BE GROUNDS FOR IMMEDIATE TERMINATION OF THE LETTER OF AGREEMENT AND RETURN OF ALL GRANT FUNDS. THE FREQUENCY AND SCOPE OF THE RESEARCH PROGRAM'S MONITORING PROCEDURES ARE DETERMINED JOINTLY BY THE RESPONSIBLE PROGRAM MANAGER AND RESPECTIVE GRANT ADMINISTRATOR/FINANCIAL ANALYST. THIS INCLUDES THE ROUTINE RECEIPT AND REVIEW OF THE NARRATIVE AND FINANCIAL REPORTS, A REVIEW OF EXPENSES TO BUDGET, THE OPTION TO PERFORM AUDITS, AND ALLOWS FOR THE PERFORMANCE OF SITE VISITS IF NECESSARY. THE INSTITUTE SHOULD BE NOTIFIED WHENEVER PROBLEMS, DELAYS OR OTHER CONDITIONS DEVELOP WHICH WOULD HAVE SIGNIFICANT IMPACT UPON THE PROJECT. BUDGET REVISIONS ARE ALLOWED WITHIN THE PARAMETERS SET FORTH IN EACH SUB AWARD. THE PAYMENT SCHEDULE AND THE DECREE OF FLEXIBILITY OFFERED MAY DEPEND ON PREVIOUS EXPERIENCE WITH THE RECIPIENT, THE DEGREE OF EXTERNAL OVERSIGHT BY OTHER PARTIES, AND THE SOPHISTICATION OF THE RECIPIENT'S ADMINISTRATIVE SYSTEMS. PARTICIPANTS ARE EXPECTED TO COMPLY WITH ALL RELEVANT U.S. LAWS. PRIOR TO ISSUING AWARDS TO FOREIGN ENTITIES, THE PROGRAMS ARE BEING ASKED TO COMPLETE A DUE DILIGENCE CHECKLIST, WHICH INCLUDES ADDITIONAL INFORMATION ABOUT THE SUB RECIPIENT INCLUDING: ANY REASONABLY AVAILABLE HISTORICAL INFORMATION ABOUT THE GRANTEE THAT ASSURES THE INSTITUTE OF THE GRANTEE'S IDENTITY AND INTEGRITY SUCH AS THE JURISDICTION IN WHICH A GRANTEE ORGANIZATION IS INCORPORATED OR FORMED; COPIES OF INCORPORATING OR OTHER GOVERNING INSTRUMENTS; INFORMATION ON THE INDIVIDUALS WHO FORMED AND OPERATE THE ORGANIZATION; AND INFORMATION RELATING TO THE GRANTEE'S OPERATING HISTORY; THE GRANTEE OR SERVICE PROVIDER'S NAME IN ENGLISH, AND THE LANGUAGE OF ORIGIN, AND ANY ACRONYM OR OTHER NAMES USED TO IDENTIFY THE GRANTEE; THE JURISDICTIONS IN WHICH A GRANTEE OR SERVICE PROVIDER MAINTAINS A PHYSICAL PRESENCE; THE GRANTEE OR SERVICE PROVIDER'S POSTAL, EMAIL AND WEBSITE ADDRESSES AND PHONE NUMBERS FOR EACH PLACE OF BUSINESS. THE INSTITUTE ALSO CONDUCTS A REASONABLE SEARCH OF PUBLICLY AVAILABLE INFORMATION TO DETERMINE WHETHER THE GRANTEE OR SERVICE PROVIDER IS SUSPECTED OF ACTIVITY RELATING TO TERRORISM, INCLUDING TERRORIST FINANCING OR OTHER SUPPORT. SUMMER BENEFIT 457650 387650 70000 5048 181 228213 ANNUAL DINNER 973650 872725 100925 7596 116247 230288 2 335022 284272 50750 2433 278171 1766322 1544647 221675 12644 118861 736672 868177 -646502 1 ACCION CHICAGO 1436 W RANDOLPH STREET SUITE 300 CHICAGO IL 60607 363966573 501(C)(3) 38000 IMPLEMENT ORGANIZATIONAL DEVELOPMENT ACTIVITIES AND PARTICIPATE IN SCALE ACADEMY FOR MICROENTERPRISE DEVELOPMENT ACUMEN FUND 76 NINTH AVENUE SUITE 315 NEW YORK NY 10011 134166228 501(C)(3) 105938 SUPPORT "MANAGEMENT BEST PRACTICES FOR TRAINING SOCIAL SECTOR" AND "DIRECT BENEFICIARY SOCIAL METRICS CAPTURE USING MOBILE TECHNOLOGY" ASSOCIATION FOR ENTERPRISE OPPORTUNITY 1111 16TH STREET NW SUITE 410 WASHINGTON DC 20036 363834357 501(C)(3) 45000 SUPPORT THE IMPLEMENTATION OF A GRANTMAKING AND TECHNICAL ASSISTANCE PROGRAM FOR THE MICROENTERPRISE INDUSTRY B LAB COMPANY 8 WALNUT AVENUE BERWYN PA 19312 205958773 501(C)(3) 42500 SUPPORT "DEVELOPING AND ASSESSING AN IMPACT MEASUREMENT CURRICULUM FOR SGBS" CENTER FOR RURAL ENTREPRENUERSHIP 421 SOUTH 9TH STREET SUITE 245 LINCOLN NE 68508 263114011 501(C)(3) 30000 ENGAGE IN KNOWLEDGE LEARNING TRANSFER FOR THE WEALTH CREATION APPROACH TO RURAL AND REGIONAL DEVELOPMENT PROJECTS CHAMPLAIN VALLEY OFFICE FOR ECONOMIC DEVELOPMENT 191 NORTH STREET BURLINGTON VT 05401 030216837 501(C)(3) 45000 SUPPORT PARTICIPATION IN THE ASSET BUILDING THROUGH CREDIT PILOT PROJECT TO DELIVER FINANCIAL EDUCATION AND COACHING CHILDREN OF VIETNAM 817 WEST END BOULEVARD WINSTONSALEM NC 271012406 311605964 501(C)(3) 195000 EXTEND THE PROGRAM HOPE SYSTEMS OF CARE FOR CHILDREN TO CAM LE DISTRICT, DE NANG VIETNAM COMMUNICATIONS CONSORTIUM MEDIA CENTER 401 NINTH STREET NW WASHINGTON DC 200042142 521524972 501(C)(3) 205354 CONDUCT OPINION RESEARCH, STATISTICAL PROFILES AND DEVELOP KEY MESSAGING TO IMPROVE EDUCATIONAL AND ECONOMIC SUCCESS FOR SINGLE PARTS AND THEIR CHILDREN FOUR BRANDS COMMUNITY FUND INC 101 SOUTH MAIN STREET EAGLE BUTTE SD 576250932 460456528 501(C)(3) 35000 IMPLEMENT A GEOGRAPHIC EXPANSION STATEGY AND DEVELOP ENTREPRENEURIAL TRAINING MODEL GLOBAL NOMADS GROUP INC 381 BROADWAY 4TH FLOOR NEW YORK NY 10013 752750127 501(C)(3) 36628 IDENTIFY KNOWLEDGE, TOOLS, PROCESS AND INFORMATION PRE/POST CURRICULUM DEVELOPMENT FOR "STORY SWAP INTERNATIONAL" THE HARWOOD INSTITUTE FOR PUBLIC INNOVATION 4915 ST ELMO AVENUE SUITE 402 BETHESDA MD 20814 311510297 501(C)(3) 20000 AUTHOR WHITEPAPER ON KNIGHT FOUNDATION "INFORMING COMMUNITIES" REPORT INTERSECT FUND CORPORATION PO BOX 5653 NEW BRUNSWICK NJ 08903 364636828 501(C)(3) 50000 WRITE AND PUBLISH A CAMPUS-BASED MICROENTERPRISE DEVELOPMENT START UP KIT JUSTINE PETERSEN HOUSING & REINVESTMENT CORPORATION 1023 N GRAND BOULEVARD ST LOUIS MO 63106 431769074 501(C)(3) 53750 SUPPORT PARTICIPATION IN THE ASSET BUILDING THROUGH CREDIT PILOT PROJECT TO DELIVER FINANCIAL EDUCATION AND COACHING LATINO ECONOMIC DEVELOPMENT CORP 2316 18TH STREET NW WASHINGTON DC 20009 521749216 501(C)(3) 45000 SUPPORT PARTICIPATION IN THE ASSET BUILDING THROUGH CREDIT PILOT PROJECT TO DELIVER FINANCIAL EDUCATION AND COACHING LOCAL ECONOMIC DEVELOPMENT CORPORATION OF EAST NEW YORK 80 JAMAICA AVENUE 3RD FLOOR BROOKLYN NY 11270 112556667 501(C)(3) 45000 SUPPORT PARTICIPATION IN THE ASSET BUILDING THROUGH CREDIT PILOT PROJECT TO DELIVER FINANCIAL EDUCATION AND COACHING WOMEN'S FOUNDATION FOR A GREATER MEMPHIS 8 SOUTH THIRD STREET SUITE 110 MEMPHIS TN 38103 582207247 501(C)(3) 7500 INCREASE UNDERSTANDING ABOUT THE EMERGING TWO-GENERATION FILED AND INCREASE CONNECTIONS AMONG COMMUNITY-LEVEL LEADERS AND NATIONAL PARTNERS MERCY CORPS 45 SW ANKENY STREET PORTLAND OR 97204 911148123 501(C)(3) 73000 EXPAND MICROLENDING IN PACIFIC NORTHWEST TO DIVERSIFY THE LOAN PORTFOLIO AND EXPAND GEOGRAPHIC REACH MISSION ECONOMIC DEVELOPMENT AGENCY 2301 MISSION STREET SUITE 301 SAN FRANCISCO CA 94110 510187791 501(C)(3) 45000 SUPPORT PARTICIPATION IN THE ASSET BUILDING THROUGH CREDIT PILOT PROJECT TO DELIVER FINANCIAL EDUCATION AND COACHING NON PROFIT FINANCE FUND 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 133238657 501(C)(3) 6000 DELIVER PRESENTATIONS TO ADDRESS ISSUES OF CAPITAL STRUCTURE AND SCALE OMG CENTER FOR COLLABERATIVE LEARNING 1528 WALNUT STREET SUITE 805 PHILADELPHIA PA 19102 232694572 501(C)(3) 174960 CLARIFY AND BUILD CONSENSUS FOR A TWO-GENERATION THEORY OF CHANGE OPPORTUNITY FUND NORTHERN 111 WEST SAINT JOHN STREET SUITE 800 SAN JOSE CA 95113 311719434 501(C)(3) 6000 PROVIDE FORMALIZED CONSULTING AND TRAINING SERVICES FOR NEW AND EXISTING SALES AND MARKETING STAFF FOR MICROENTERPRISE DEVELOPMENT PROGRAM PACIFIC ASIAN CONSORTUIM IN EMPLOYMENT 1055 WILLSHIRE BOULEVARD SUITE 1475 1475 LOS ANGELES CA 90017 510192025 501(C)(3) 45000 SUPPORT PARTICIPATION IN THE ASSET BUILDING THROUGH CREDIT PILOT PROJECT TO DELIVER FINANCIAL EDUCATION AND COACHING PUBLICPRIVATE VENTURES 2000 MARKET STREET SUITE 600 PHILADELPHIA PA 19103 232048721 501(C)(3) 43850 WORK IN PARTNERSHIP ON THE WORKFORCE STRATEGIES INITIATIVE ON SEVENTH CLASS OF SECTOR SKILLS ACADEMY ROOT CHANGE INC 610 8TH STREET NE WASHINGTON DC 20002 264385733 501(C)(3) 33000 SUPPORT "GII-MAP: A GLOBAL RESOURCE FOR THE MAPPING THE SGB ECOSYSTEM" SANTA FE INSTITUTE 1399 HYDE PARK ROAD SANTA FE NM 87501 850325494 501(C)(3) 5000 CONTRIBUTE TO PRACTITIONER AND SCIENTIST TRAVEL FOR SANTA FE INSTITUTE CONFERENCE TECHNOSERVE 2 MECHANIC STREET NORWALK CT 06851 132626136 501(C)(3) 45000 SUPPORT "MAKING FINANCIAL LITERACY CAPACITY BUILDING SUSTAINABLE" TRANSFARM AFRICA 112 DEVON COURT SILVER SPRING MD 20910 273977364 501(C)(3) 425000 SUPPORT STRATEGIC GROWTH OF TRANSFARM AFRICA, ESTABLISH STRATEGIC PARTNERSHIPS AND PROMOTE COLLABERATION BETWEEN TRANSFARM PARTNERS WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM CORP 609 BROADWAY BOULEVARD NE ALBUQUERQUE NM 87102 850367809 501(C)(3) 6000 RETAIN COMMUNICATIONS EXPERT TO GUIDE DEVELOPMENT OF STRATEGIC COMMUNICATIONS FOR MICROENTERPRISE DEVELOPMENT PROGRAM WORLD AFFAIRS COUNCIL OF NORTHERN CALIFORNIA 312 SUTTER STREET SUITE 200 SAN FRANCISCO CA 94108 941156356 501(C)(3) 40000 ENGAGE NEW PHILANTHROPISTS AND SUPPORT APG RESEARCH YELLOW WOOD ASSOCIATES 228 NORTH MAIN STREET ST ALBANS VT 05478 030300779 N/A 30000 ENGAGE IN KNOWLEDGE LEARNING TRANSFER FOR THE WELATH CREATION APPROACH TO RURAL AND REGIONAL DEVELOPMENT PROJECTS COASTAL ENTERPRISES PO BOX 268 WISCASSET WI 04578 010347504 501(C)(3) 10000 TO ENGAGE IN KNOWLEDGE LEARNING TRANSFER AND TRAINING FOR THE WEALTH CREATION APPRAOCH TO RURAL AND REGIONAL DEVELOPMENT PREOJECTS NORTHERN ECONOMIC INITIATIVES INSTITUTE 1401 PRESQUE ISLE AVENUE MARQUETTE MI 49855 383024786 501(C)(3) 10000 TO ENGAGE IN KNOWLEDGE LEARNING TRANSFER AND TRAINING FOR THE WEALTH CREATION APPRAOCH TO RURAL AND REGIONAL DEVELOPMENT PREOJECTS UNIVERSITY OF WISCONSIN 410 S THIRD STREET RIVER FALLS WI 54022 396006461 501(C)(3) 10000 TO ENGAGE IN KNOWLEDGE LEARNING TRANSFER AND TRAINING FOR THE WEALTH CREATION APPRAOCH TO RURAL AND REGIONAL DEVELOPMENT PREOJECTS 32 1 TO ENGAGE IN KNOWLEDGE LEARNING TRANSFER AND TRAINING FOR THE WEALTH CREATION APPRAOCH TO RURAL AND REGIONAL DEVELOPMENT PREOJECTS 6 60000 TO PRODUCE A REPORT ON THE POTENTIAL FOR MARINE SPATIAL PLANNING IN THE ARCTIC 1 6600 PREPARE AND COMPLETE A WHITE PAPER ON IMPLEMENTING THE LOCAL JOURNALISM RECOMMENDATIONS OF THE KNIGHT COMMISSION'S "INFORMING COMMUNTIES" REPORT 2 6300 TO SUPPORT PARTICIPATION IN THE MARCH CONVENING OF WESTERN STATE ARTIST FOUNDATIONS ON THE PUBLIC BENEFIT OF ARTIST ENDOWED FOUNDATIONS 1 750 DEVELOPING BACKGROUND READINGS FOR A COMMUNICATIONS AND SOCIETY CONFERENCE 1 1500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FROM TIME TO TIME THE INSTITUTE ENGAGES OTHER ENTITIES TO FURTHER THE OBJECTIVES SET FORTH IN OUR GRANT AGREEMENTS. THIS IS TYPICALLY DONE VIA SUB-AWARDS OR RE-GRANTS THAT RUN CONCURRENTLY WITH THE PRIME AWARD IN WHICH THE SUB RECIPIENTS ARE ADVISED OF ALL APPLICABLE LAWS AND REGULATIONS, AND ALL APPROPRIATE FLOW-DOWN PROVISIONS FROM THE PRIME AGREEMENT. ALL SUB GRANTEES OR SERVICE PROVIDERS MUST ALSO CERTIFY THAT IT DOES NOT AND WILL NOT KNOWINGLY PROVIDE MATERIAL SUPPORT OR RESOURCES TO ANY INDIVIDUAL OR ENTITY INVOLVED WITH TERRORISM (INCLUDING ANY INDIVIDUALS ENTITIES OR GROUPS SUBJECT TO OFAC SANCTIONS) OR TO ANYONE WHO ACTS AS AN AGENT FOR SUCH AN INDIVIDUAL OR ENTITY, ANY VIOLATION OF THIS CERTIFICATION MUST BE GROUNDS FOR IMMEDIATE TERMINATION OF THE LETTER OF AGREEMENT AND RETURN OF ALL GRANT FUNDS. THE FREQUENCY AND SCOPE OF RESEARCH PROGRAM'S MONITORING PROCEDURES ARE DETERMINED JOINTLY BY THE RESPONSIBLE PROGRAM MANAGER AND RESPECTIVE GRANT ADMINISTRATOR/FINANCIAL ANALYST. THIS INCLUDES THE ROUTINE RECEIPT AND REVIEW OF THE NARRATIVE AND FINANCIAL REPORTS, A REVIEW OF EXPENSES TO BUDGET, THE OPTION TO PERFORM AUDITS, AND ALLOWS FOR THE PERFORMANCE OF SITE VISITS IF NECESSARY. THE INSTITUTE SHOULD BE NOTIFIED WHENEVER PROBLEMS DELAYS OR OTHER CONDITIONS DEVELOP WHICH WOULD HAVE SIGNIFICANT IMPACT UPON THE PROJECT. BUDGET REVISIONS ARE ALLOWED WITHIN THE PARAMETERS SET FORTH IN EACH SUB AWARD. THE PAYMENT SCHEDULE AND THE DECREE OF FLEXIBILITY OFFERED MAY DEPEND ON PREVIOUS EXPERIENCE WITH THE RECIPIENT, THE DEGREE OF EXTERNAL OVERSIGHT BY OTHER PARTIES, AND THE SOPHISTICATION OF THE RECIPIENT'S ADMINISTRATIVE SYSTEMS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 WALTER ISAACSON 781385 0 0 0 1677 0 36750 0 21699 0 841511 0 0 0 AMY MARGERUM 313499 0 0 0 2156 0 36750 0 15560 0 367965 0 0 0 ELLIOT GERSON 308868 0 0 0 1677 0 36750 0 21704 0 368999 0 0 0 DOLORES GORGONE 239090 0 2700 0 1677 0 36000 0 2418 0 281885 0 0 0 PETER A REILING 310518 0 0 0 897 0 36750 0 21680 0 369845 0 0 0 SUSAN SHERWIN 247810 0 0 0 8034 0 36750 0 15719 0 308313 0 0 0 CHARLES FIRESTONE 276353 0 0 0 4953 0 36750 0 15630 0 333686 0 0 0 MICKEY EDWARDS 259078 0 0 0 8034 0 36750 0 10542 0 314404 0 0 0 JANE WALES 305827 0 0 0 2558 0 27239 0 2498 0 338122 0 0 0 MARGARET CLARK 230666 0 0 0 1197 0 35250 0 15560 0 282673 0 0 0 DAN GLICKMAN 220385 0 0 0 5267 0 0 0 2654 0 228306 0 0 0 PART I, LINE 1A OCCASIONALLY, THE INSTITUTE COVERS PREMIUM CLASS TRAVEL FOR STAFF. THE INSTITUTE FOLLOWS THE FOLLOWING FEDERAL TRAVEL REGULATIONS WHEN PROVIDING PREMIUM CLASS TRAVEL. EXCEPTIONS FOR PREMIUM CLASS TRAVEL: 1-3 ARE VALID FOR FIRST CLASS TRAVEL. ALL 6 PERTAIN TO BUSINESS CLASS TRAVEL. 1) TRAVEL BY AN EMPLOYEE WITH A DISABILITY OR SPECIAL NEED. A. THE EMPLOYEE'S CONDITION MUST BE SUBSTANTIATED IN WRITING BY A COMPETENT MEDICAL AUTHORITY. 2) REASONABLY AVAILABLE. A. REGULARLY SCHEDULED FLIGHTS BETWEEN THE AUTHORIZED ORIGIN AND DESTINATION POINTS DURING THE PERIOD REQUIRED TO TRAVEL ONLY INCLUDE FIRST CLASS OR BUSINESS CLASS FLIGHTS OR THERE IS NO SPACE AVAILABLE IN COACH CLASS. 3) MISSION RELATED. A. IF THERE IS A VALID MISSION RELATED REASON THEN PREMIUM CLASS IS ALLOWABLE. 4) INADEQUATE SANITATION. A. PREMIUM CLASS MAY BE AUTHORIZED WHEN COACH CLASS ON A FOREIGN CARRIER DOES NOT PROVIDE ADEQUATE SANITATION OR HEALTH STANDARDS. 5) OVERALL COST SAVINGS. A. IF THERE IS AN OVERALL SAVINGS TO THE ORGANIZATION BY AVOIDING ADDITIONAL SUBSISTENCE COSTS, OVERTIME, LOSS OF PRODUCTIVITY THAT WOULD BE INCURRED WAITING FOR COACH CLASS AVAILABILITY. 6) TRAVEL IN EXCESS OF 14 HOURS. A. SCHEDULED FLIGHT TIME BETWEEN AUTHORIZED ORIGIN AND DESTINATION AND ONE OF THESE POINTS IS OUTSIDE THE CONTINENTAL US IS IN EXCESS OF 14 HOURS. X 4 65000 FAIR MARKET VALUE X 24 524121 FAIR MARKET VALUE X AIR TRAVEL 2 15320 PUBLISHED CERT. 1 0 1 0 THIRD PARTY USE: PART I, LINE 32B: ASPEN HAS A WRITTEN GIFT ACCEPTANCE POLICY THAT IF A DONOR WANTS TO GIVE A GIFT OUTSIDE OF THAT POLICY WOULD BE REVIEWED BY SENIOR MANAGEMENT AND THE BOARD IF NECESSARY. FORM 990, PART VI, SECTION A, LINE 4 THE INSTITUTE REMOVED THE REQUIREMENT FOR A VICE CHAIR AND CHANGED THE TERM LIMITS FOR COMMITTEE CHAIRS. FORM 990, PART VI, SECTION B, LINE 11 THE FEDERAL FORM 990 OF THE INSTITUTE IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM IN WHICH INFORMATION IS OBTAINED FROM INSTITUTE'S STAFF. ONCE THE INITIAL DRAFT IS PREPARED IT IS REVIEWED BY SR. FINANCE/ACCOUNTING AND COMMUNICATIONS STAFF. IF NECESSARY, CHANGES ARE MADE AND ANOTHER DRAFT IS ISSUED. THE SECOND DRAFT FORM 990 IS REVIEWED BY AN APPOINTED MEMBER OF THE AUDIT COMMITTEE ALONG WITH THE CFO AND DIRECTOR OF ACCOUNTING. IF NECESSARY, CHANGES ARE MADE AND ANOTHER DRAFT IS ISSUED. THE FINAL DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE AUDIT COMMITTEE. ONCE APPROVED, COPIES ARE THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE ANNUAL MEETING IN NOVEMBER BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE INSTITUTE'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OF THE INSITUTE, DIRECTOR, OR TRUSTEE. THE MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO SIGN A DISCLOSURE WHEN THEY BECOME TRUSTEES AND ANNUALLY WHILE THEY SERVE. THEY ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST; AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTE UTILIZES AN EXTERNAL CONSULTANT TO REVIEW ALL SALARIES OF THE INSTITUTE INCLUDING TOP MANAGEMENT AND KEY EMPLOYEES. THE CONSULTANT PERFORMS MARKET COMPARISONS WITHIN OUR PEER ORGANIZATIONS AND MAKES RECOMMENDATIONS ON SALARY LEVELS FOR POSITIONS. THE SALARY LEVELS ARE BASED ON PERCENTAGES OF THE PEER ORGANIZATIONS. THE INSTITUTE STRIVES TO STAY AT THE 50% LEVEL OF OUR COMPARATIVE ORGANIZATIONS. THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES SALARIES ARE REVIEWED BY THIS CONSULTANT AND THEN PRESENTED TO THE COMPENSATION SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE. THE SALARIES ARE VETTED IN THIS SUB-COMMITTEE AND A RECOMMENDATION IS MADE TO THE FULL BOARD FOR APPROVAL IN THE EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FEDERAL FORM 990, AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,980,731.