2012-03-02T15:46:00-06:00 2011-06-30 CHERRY BEKAERT & HOLLAND LLP 200 SOUTH 10TH STREET SUITE 900 RICHMOND VA 23219 990 2010-07-01 311618642 JAMESTOWN-YORKTOWN FOUNDATION INC JAME 7572535237 PO BOX 3605 WILLIAMSBURG VA 23187 PHILIP EMERSON 7572535237 2012-03-01 1 8046735700 2010 2016-02-24 21:20:13Z PHILIP EMERSON PO BOX 3605 WILLIAMSBURG VA 23187 4519788 0 X WWW.HISTORYISFUN.ORG X 1998 VA THE JAMESTOWN-YORKTOWN FOUNDATION, INC. (THE ORGANIZATION), IS A NON-PROFIT, 501(C)(3) CORPORATION ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES IN SUPPORT OF THE PROGRAMS OF THE JAMESTOWN-YORKTOWN FOUNDATION AND ITS MUSEUMS, JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER. THE ORGANIZATION DIRECTS FUND RAISING FOR PRIVATE GIFTS, MANAGES THE ENDOWMENT, AND ASSISTS WITH THE ACQUISITION OF ARTIFACTS FOR THE COLLECTION OF THE JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER MUSEUMS. THE ORGANIZATION RECEIVES CHARITABLE GIFTS AND DONATIONS FOR THE BENEFIT OF THE FOUNDATION. 20 20 0 520 0 0 891438 1152777 10579 12200 313468 464689 727 -1220 1216212 1628446 155756 187125 0 0 0 0 0 0 339105 1280813 1343595 1436569 1530720 -220357 97726 14242113 15719658 307392 515614 13934721 15204044 X THE JAMESTOWN-YORKTOWN FOUNDATION, AN EDUCATIONAL INSTITUTION OF THE COMMONWEALTH OF VIRGINIA, SHALL FOSTER THROUGH ITS LIVING-HISTORY MUSEUMS - JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER - AN AWARENESS AND UNDERSTANDING OF THE EARLY HISTORY, SETTLEMENT, AND DEVELOPMENT OF THE UNITED STATES THROUGH THE CONVERGENCE OF VIRGINIA INDIAN, EUROPEAN, AND AFRICAN CULTURES AND THE ENDURING LEGACIES BEQUEATHED TO THE NATION. 0 0 339912 12200 VISITOR EXPERIENCE - JAMESTOWN SETTLEMENT AND THE YORKTOWN VICTORY CENTER ARE PLACES OF DISCOVERY. THROUGH NATIONALLY RECOGNIZED LIVING-HISTORY PROGRAMS AND MUSEUM GALLERIES, THEY TELL THE STORIES OF WHERE AND HOW AMERICA BEGAN. RE-CREATIONS OF THE POWHATAN INDIAN VILLAGE AND 1610-14 FORT, AND THE SHIPS AND RIVERFRONT DISCOVERY AREA OF JAMESTOWN SETTLEMENT, AND A CONTINENTAL ARMY ENCAMPMENT AND 1780'S VIRGINIA TIDEWATER FARM AT THE VICTORY CENTER, COMPLEMENT THE MUSEUMS' EXHIBITION GALLERIES BY INVOLVING VISITORS IN INTERACTIVE, HANDS-ON LEARNING. SPECIAL EXHIBITIONS AND THEMED PROGRAMS AND EVENTS OFFER AN OPPORTUNITY TO EXPLORE IN-DEPTH TOPICS. IN 2010, ARTIFACTS FROM ONE OF THE MOST SIGNIFICANT SITES IN VIRGINIA INDIAN TERRITORY WENT ON MUSEUM DISPLAY FOR THE FIRST TIME IN JAMESTOWN SETTLEMENT'S "WEROWOCOMOCO : SEAT OF POWER." THROUGH A PARTNERSHIP WITH THE VIRGINIA MUSEUM OF FINE ARTS (VMFA), A NEW SPECIAL EXHIBITION, "THE 17TH CENTURY: GATEWAY TO THE MODERN WORLD," OPENS IN NOVEMBER 2011. AT YORKTOWN VICTORY CENTER, SPECIAL EVENTS LIKE LIBERTY CELEBRATION AND YORKTOWN VICTORY CELEBRATION MARK THE ANNIVERSARIES OF THE ADOPTION OF THE DECLARATION OF INDEPENDENCE AND THE DECISIVE BATTLE OF THE AMERICAN REVOLUTION. COMBINED PAID VISITATION IN 2010 TOTALED CLOSE TO 600,000, WITH 99.7% OF VISITORS INDICATING THAT THEIR VISIT TO OUR MUSEUMS WAS "GOOD" OR "EXCELLENT." THE JAMESTOWN-YORKTOWN FOUNDATION WAS RECENTLY RE-ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS (AAM), AND AAM REVIEWERS "...OBSERVED AN INSTITUTION WITH A CLEAR SENSE OF MISSION AND SERVICE TO ITS AUDIENCE." 254918 187125 EDUCATIONAL PROGRAMS - DURING THE 2010-2011 ACADEMIC YEAR, JAMESTOWN-YORKTOWN FOUNDATION PROGRAMS SERVED 292,373 STUDENTS THROUGH HANDS-ON SESSIONS AND GUIDED TOURS AT BOTH MUSEUMS AND IN OUTREACH SETTINGS. IT HAS ALSO LAUNCHED NUMEROUS WEB-BASED INITIATIVES THAT BRING THE RESOURCES OF THE MUSEUMS INTO HOMES AND CLASSROOMS AROUND THE NATION AND THE WORLD. THESE INCLUDE: EDUCATIONAL VIDEOS, PODCASTS, AND VODCASTS, AS WELL AS LESSON PLANS AND HISTORICAL ESSAYS. A NEW INTERNET-BASED EDUCATIONAL RESOURCE - YORKTOWN CHRONICLES - WITH CONTENT RELATED TO THE AMERICAN REVOLUTION IS IN DEVELOPMENT. WEB VISITS TO WWW.HISTORYISFUN.ORG FOR CALENDAR YEAR 2010 TOTALED 1.5 MILLION. WHETHER IN PERSON OR ONLINE, EDUCATION PROGRAMS SUPPORT AND ASSIST TEACHERS IN MEETING VIRGINIA'S STANDARDS OF LEARNING AND HAVE BEEN ENDORSED BY THE NATIONAL COUNCIL FOR THE SOCIAL STUDIES, THE NATION'S LEADING ASSOCIATION OF SOCIAL STUDIES EDUCATORS. THE FOUNDATION ALSO HOSTS: BROADSIDE SUMMER HISTORY PROGRAMS TO HELP CHILDREN IN PRE-SCHOOL THROUGH FIFTH GRADE TO UNDERSTAND A PARTICULAR ASPECT OF LIFE IN THE 17TH OR 18TH CENTURY BY EXPLORING THE MUSEUM EXHIBITS, INTERACTING WITH COSTUMED INTERPRETERS AND PARTICIPATING IN HANDS-ON ACTIVITIES, CRAFTS PROJECTS AND STORYTELLING; A SUMMER TEACHER INSTITUTE; A 4-H PEER TEACHER PROGRAM; AND ADULT PARTICIPANTS IN THE ROAD SCHOLAR (FORMERLY ELDER-HOSTEL) PROGRAM. 237402 COLLECTIONS - THE JAMESTOWN-YORKTOWN FOUNDATION COLLECTION CONTAINS APPROXIMATELY 181,700 ARCHAEOLOGICAL AND NON-ARCHAEOLOGICAL ARTIFACTS. AS ARCHITECTURAL PLANNING FOR A NEW YORKTOWN VICTORY CENTER NEARED COMPLETION, 49 INDIVIDUAL ARTIFACTS OF THE 18TH-CENTURY WERE ACQUIRED WITH PRIVATE DONATIONS FOR FUTURE EXHIBIT IN NEW MUSEUM GALLERIES. THROUGH A PUBLIC-PRIVATE PARTNERSHIP, THE GALLERIES, EXHIBITS AND LIVING-HISTORY PROGRAMS AT THE PLANNED NEW MUSEUM WILL PUT THE COMPLEX STORY OF AMERICAN INDEPENDENCE INTO A BROADER GLOBAL CONTEXT. THE FOUNDATION'S ACQUISITION POLICY IS BASED UPON ACQUISITION OF ARTIFACTS AS EDUCATIONAL TOOLS. THE GOAL IS TO USE MATERIAL CULTURE TO CREATE AWARENESS AND UNDERSTANDING OF THE PAST AND CREATE CONNECTIONS TO THE MODERN ERA. ALL ARTIFACTS IN OUR COLLECTION ARE GIVEN A HIGH STANDARD OF CARE. OUR CONSERVATION FACILITIES GIVE US THE CAPACITY TO CARRY OUT THE FULL RANGE OF COLLECTION CARE THAT IS EXPECTED AND REQUIRED OF A FULLY ACCREDITED INSTITUTION. AAM REVIEWERS RECENTLY "...FOUND THE EDUCATIONAL AND COLLECTIONS MANAGEMENT PRACTICES TO BE EXCELLENT, AS ARE ALL ASPECTS OF MUSEUM OPERATIONS." 832232 1 1 0 0 0 0 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 0 0 0 0 VA CA MD NY NC PA X X JEAN PUCKETT 7572537216 200 HAWKS NEST DR WILLIAMSBURG VA 23187 X SUE H GERDELMAN 2.00 X X 0 0 0 JANE T KAPLAN 1.00 X X 0 0 0 J ROBERT MOONEY 1.50 X X 0 0 0 A MARSHALL ACUFF JR 1.00 X X 0 0 0 MARI ANN BANKS 1.00 X 0 0 0 DIANA F CANTOR 1.00 X 0 0 0 H BENSON DENDY III 1.00 X 0 0 0 MARJORIE N GRIER 1.00 X 0 0 0 JOHN H HAGER 1.00 X 0 0 0 KENNETH M KRAKAUR 1.00 X 0 0 0 ROBERT E MARTINEZ 1.00 X 0 0 0 CARROLL W OWENS JR 1.00 X 0 0 0 THOMAS D RUTHERFOORD JR 1.00 X 0 0 0 STERLING M NICHOLS 1.00 X 0 0 0 CLIFFORD B FLEET 1.00 X 0 0 0 LINDA T BAKER 1.00 X 0 0 0 GILBERT A BARTLETT 1.00 X 0 0 0 JOHN M CAMP III 1.00 X 0 0 0 WILLIAM B DOWNEY 1.00 X 0 0 0 PAMELA W FITZPATRICK 1.00 X 0 0 0 0 0 0 0 0 0 0 0 19500 1133277 1152777 JAMESTOWN SETTLEMENT 900099 12200 12200 12200 327653 327653 3016128 2879092 137036 137036 137036 11030 19500 12250 -1220 -1220 1628446 12200 0 463469 187125 187125 3357 1770 560 1027 91758 2917 61019 27822 17298 7140 10158 13394 13394 MANAGEMENT SERVICES 457334 18346 239495 199493 EVENTS AND EXHIBITS 341512 341512 CONTRACT SERVICES 275545 230562 36880 8103 FUNDRAISING 54424 54424 CONTRIBUTIONS 50000 50000 38973 895 38078 1530720 832232 359383 339105 43965 141165 6535234 2197262 1009831 841500 6500 6567 6646583 12533164 14242113 15719658 14533 222755 292859 292859 307392 515614 X 7486463 8289705 1862641 2328722 4585617 4585617 13934721 15204044 14242113 15719658 X 97726 1171597 X 0 1 1 X 0 X 3982666 1409356 5793882 891438 1152777 13230119 3982666 1409356 5793882 891438 1152777 13230119 13230119 403676 531598 247053 313468 327653 1823448 26396 203917 175535 727 406575 15460142 60723 0.85580 0.86600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10036750 154374 1635486 276772 11549838 9095127 75131 1040687 174195 10036750 6411196 4075717 -1177896 213890 9095127 0.27980 0.55590 0.16420 0 0 0 MULTI-ASSET FUND 12533164 F 12533164 DUE TO COMMONWEALTH 292859 292859 1628446 1530720 97726 1171597 1171597 1269323 2818518 1171597 6225 12250 1190072 1628446 0 1628446 1549195 6225 12250 18475 1530720 0 1530720 PART III, LINE 1A: THE FOUNDATION HAS ELECTED NOT TO INCLUDE COLLECTIONS OF ART AND HISTORICAL TREASURES IN THE FINANCIAL STATEMENTS SINCE THEY BECOME ASSETS OF THE COMMONWEALTH OF VIRGINIA. THESE COLLECTIONS ARE COMPRISED PRIMARILY OF FINE ART AND ARTIFACTS AT BOTH JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER. INSURANCE COVERAGE ON COLLECTION ITEMS IS INCLUDED UNDER THE COMMONWEALTH'S BLANKET INSURANCE PROGRAM AT NO EXPENSE TO THE FOUNDATION. THE FOUNDATION HAS A POLICY THAT PROCEEDS GENERATED FROM THE SALE OF COLLECTION ITEMS WILL BE USED TO ACQUIRE NEW ITEMS. THERE WERE NO SALES DURING 2011 AND 2010. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: BOARD DESIGNATED ENDOWMENTS THE FOUNDATION'S BOARD OF DIRECTORS HAS DESIGNATED A PORTION OF UNRESTRICTED NET ASSETS AS FUNDS FUNCTIONING AS ENDOWMENTS. SEPARATE FUNDS HAVE BEEN ESTABLISHED FOR THE ACQUISITIONS FUND, EDUCATION PROGRAMS FUND AND GENERAL ENDOWMENT. THE PURPOSE OF THE ACQUISITIONS FUND IS TO PROVIDE AN ONGOING SOURCE OF FUNDING FOR PURCHASING AND PRESERVING ARTIFACTS RELEVANT TO JAMESTOWN SETTLEMENT AND YORKTOWN VICTORY CENTER. THE PRIMARY INVESTMENT OBJECTIVE OF THIS FUND IS TO PRESERVE AND PROTECT ASSETS BY FOCUSING ON CONSERVATION OF PRINCIPAL AND LONG-TERM GROWTH OF CAPITAL AND INCOME. THIS OBJECTIVE IS GENERALLY ATTAINED BY INVESTING IN A PORTFOLIO OF HIGH QUALITY SECURITIES. EXPENDITURES FROM THE FUND ARE BASED UPON A 5% SPENDING PLAN USING A THREE-YEAR AVERAGE MARKET VALUE. DURING 2011, $14,277 WAS WITHDRAWN FROM THE FUND FOR ARTIFACTS. NO FUNDS WERE WITHDRAWN FROM THE FUND FOR ARTIFACTS IN 2010. THE PURPOSE OF THE EDUCATION PROGRAMS FUND IS TO PROVIDE AN ONGOING SOURCE OF FUNDING FOR SUPPORTING EDUCATIONAL PROGRAMS INCLUDING ON-SITE AND OUTREACH EDUCATION; OUTDOOR INTERPRETIVE AREAS AND RELATED PROGRAMMING; AND CHANGING EXHIBITIONS. THE PRIMARY INVESTMENT OBJECTIVE OF THE FUND IS TO PRESERVE AND PROTECT ITS ASSETS BY FOCUSING ON CONSERVATION OF PRINCIPAL AND LONG-TERM GROWTH OF CAPITAL AND INCOME. THIS OBJECTIVE IS GENERALLY ATTAINED BY INVESTING IN A PORTFOLIO OF HIGH QUALITY SECURITIES. EXPENDITURES FROM THIS FUND ARE BASED UPON A 5% SPENDING PLAN USING A THREE-YEAR AVERAGE MARKET VALUE. DURING 2011, $35,094 WAS WITHDRAWN FROM THE FUND. NO FUNDS WERE WITHDRAWN FROM THE FUND IN 2010. THE GENERAL ENDOWMENT FUND WAS ESTABLISHED TO PROVIDE CASH FLOW FOR JAMESTOWN YORKTOWN FOUNDATION, INC. AND JAMESTOWN-YORKTOWN FOUNDATION. THE PRIMARY INVESTMENT OBJECTIVE OF THE GENERAL ENDOWMENT FUND IS TO PRESERVE AND PROTECT THE ASSETS BY FOCUSING ON CONSERVATION OF PRINCIPAL AND LONG-TERM GROWTH OF CAPITAL AND INCOME. THIS OBJECTIVE IS GENERALLY ATTAINED BY INVESTING IN A PORTFOLIO OF HIGH QUALITY SECURITIES. EXPENDITURES FROM THE FUND ARE BASED UPON A 5% SPENDING PLAN USING A THREE-YEAR AVERAGE MARKET VALUE. DURING 2011 AND 2010 $173,626 AND $170,000 WERE DRAWN FROM THE GENERAL ENDOWMENT FUND. DONOR RESTRICTED ENDOWMENTS AT JUNE 30, 2011, THE FOUNDATION'S DONOR RESTRICTED ENDOWMENT FUNDS CONSIST OF 8 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IN ADDITION, THE FOUNDATION HAS ESTABLISHED THE EDUCATION PROGRAMS FUND TO RECEIVE PERMANENTLY RESTRICTED DONOR GIFTS TO SUPPORT EDUCATIONAL PROGRAMS INCLUDING ON-SITE EDUCATIONAL PROGRAMS; STATEWIDE AND NATIONAL OUTREACH PROGRAMMING AND FUTURE PERMANENT AND SPECIAL EXHIBITS. THE INVESTMENT POLICY FOR DONOR RESTRICTED ENDOWMENT FUNDS IS TO PRESERVE THE PURCHASING POWER OF THE ASSETS AND TO ENSURE THAT THE PRESENT VALUE OF THE INVESTED FUNDS GROWS AT A RATE THAT WILL EXCEED INFLATION, PRESERVE PRINCIPAL AND GENERATE MAXIMUM TOTAL RETURN CONSISTENT WITH ACCEPTABLE LEVELS OF RISK. THIS OBJECTIVE IS CURRENTLY ATTAINED BY INVESTING IN A PORTFOLIO OF HIGH QUALITY SECURITIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION HAS EVALUATED THE EFFECT OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THAT BECAME EFFECTIVE THIS YEAR. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND THEREFORE HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2011. SCHEDULE D, PART XII, LINE 2D, AND PART XIII, LINE 2D: GROSS INCOME FROM FUNDRAISING ACTIVITIES NETTED WITH DIRECT EXPENSES FROM THOSE ACTIVITIES AND REPORTED ON THE STATEMENT OF REVENUE. PARTY AT THE PIER 30530 19500 11030 290 8160 2300 1500 30530 19500 11030 290 8160 2300 1500 12250 -1220 1 COMMONWEALTH OF VA JAMESTOWN YORKTOWN FOUNDATION PO BOX 1607 WILLIAMSBURG VA 23185 546022061 115(1) 187125 0 EDUCATIONAL INITIATIVES (STATEWIDE OUTREACH EDUCATION PROGRAM) AND CHANGING EXHIBITION PROGRAMS 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION ONLY MAKES GRANTS TO JYF, AN AGENCY OF THE COMMONWEALTH OF VIRGINIA. RESTRICTED GIFTS TRANSFERRED TO THE STATE AGENCY ARE EXPENDED IN ACCORDANCE WITH THE ORIGINAL GIFT RESTRICTION. X 2 43700 INVOICE PRICE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION'S AUDIT COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS, REVIEWS THE FORM 990 BEFORE IT IS FILED. THE FORM 990 IS MADE AVAILABLE TO THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER, UPON JOINING THE BOARD, IS REQUIRED TO SIGN THE AGENCY'S CODE OF ETHICS POLICY, WHICH MAKES APPLICABLE TO THE JAMESTOWN-YORKTOWN FOUNDATION, INC. (THE ORGANIZATION), THE SAME DISCLOSURE/CONFLICT OF INTEREST POLICIES AS STATE MEMBERS. WHILE THE ORGANIZATION'S MEMBERS ARE NOT REQUIRED TO SUBMIT THE CONFLICT OF INTEREST FORM ANNUALLY, THEY ARE HELD TO THE SAME STANDARDS AND MAY BE ASKED AT ANY TIME TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. IN ORDER TO ENSURE THAT THE JUDGMENT OF PUBLIC OFFICERS AND EMPLOYEES WILL NOT BE COMPROMISED OR AFFECTED BY INAPPROPRIATE CONFLICTS, OR THE APPEARANCE OF INAPPROPRIATE CONFLICTS, BETWEEN PERSONAL ECONOMIC INTERESTS AND THE OFFICIAL DUTIES OF VIRGINIA'S PUBLIC SERVANTS, PAID AND NON-PAID EMPLOYEES OF THE FOUNDATION AND MEMBERS OF THE JAMESTOWN-YORKTOWN FOUNDATION BOARD OF TRUSTEES ARE SUBJECT TO AND SHALL BE RESPONSIBLE FOR FAMILIARIZING THEMSELVES WITH AND ADHERING TO THE PROVISIONS OF THE STATE AND LOCAL GOVERNMENT CONFLICT OF INTEREST ACT (TITLE 2.2, CHAPTER 31, CODE OF VIRGINIA). THE FOUNDATION EXTENDS THE REQUIREMENTS OF THE ACT TO MEMBERS OF THE JAMESTOWN-YORKTOWN FOUNDATION, INC., BOARD OF DIRECTORS AND THE JAMESTOWN-YORKTOWN EDUCATIONAL TRUST BOARD OF DIRECTORS, EXCEPT THAT MEMBERS OF THESE BODIES ARE NOT REQUIRED TO FILE AN ANNUAL STATEMENT OF ECONOMIC INTEREST/FINANCIAL DISCLOSURE STATEMENT. IN THE EVENT OF A CONFLICT, THE BOARD MEMBER WILL RECUSE HIMSELF OR HERSELF FROM ALL DISCUSSIONS ON THE RELEVANT MATTER. FORM 990, PART VI, SECTION C, LINE 19 OUR GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST; OUR CODE OF ETHICS IS A PUBLIC DOCUMENT; FINANCIAL INFORMATION IS AVAILABLE THROUGH THE JAMESTOWN-YORKTOWN FOUNDATION, INC., ANNUAL REPORT OF DONORS. WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14 THE ORGANIZATION PLANS TO ADOPT A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY WITHIN THE NEXT FISCAL YEAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,171,597. REASONABLE CAUSE STATEMENT THIS RETURN IS BEING FILED BETWEEN MARCH 1, 2012, AND MARCH 30, 2012, AS DIRECTED BY THE IRS IN NOTICE 2012-4, BECAUSE ELECTRONIC FILING WAS NOT AVAILABLE JANUARY 1, 2012 THROUGH FEBRUARY 29, 2012. WE REQUEST THAT PENALTIES BE WAIVED BECAUSE IT WOULD BE INEQUITABLE TO IMPOSE A PENALTY ON US DUE TO THE UNUSUAL CIRCUMSTANCES REQUIRING US TO DELAY THE FILING OF THIS RETURN.