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        <Description>POSTAGE &amp; SHIPPING</Description>
        <Total>4692</Total>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>23264</Total>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>553138</Total>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>150056</BOY>
        <EOY>148665</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>2937</BOY>
        <EOY>30875</EOY>
      </AccountsReceivable>
      <InventoriesForSaleOrUse>
        <BOY>474</BOY>
        <EOY>1948</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>1998</BOY>
        <EOY>2523</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>7170</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>5310</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>3294</BOY>
        <EOY>1860</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>956902</BOY>
        <EOY>1062939</EOY>
      </InvestmentsPubTradedSecurities>
      <TotalAssets>
        <BOY>1115661</BOY>
        <EOY>1248810</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>25400</BOY>
        <EOY>22154</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>38565</BOY>
      </DeferredRevenue>
      <TotalLiabilities>
        <BOY>63965</BOY>
        <EOY>22154</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1051696</BOY>
        <EOY>1226656</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1051696</BOY>
        <EOY>1226656</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1115661</BOY>
        <EOY>1248810</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>107634</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>67326</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Equipment>
        <InvestmentCostOrOtherBasis>7170</InvestmentCostOrOtherBasis>
        <Depreciation>5310</Depreciation>
        <BookValue>1860</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>1860</TotalOfBookValueLandBuildings>
      <TotalRevenue>660772</TotalRevenue>
      <TotalExpenses>553138</TotalExpenses>
      <ExcessOrDeficitForYear>107634</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>84823</NetUnrealizedGLOnInvestments>
      <InvestmentExpenses>-17497</InvestmentExpenses>
      <TotalAdjustments>67326</TotalAdjustments>
      <ExcessOrDeficitPerFS>174960</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>731842</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>84823</NetUnrealizedGainsInvestments>
      <OtherRevenues>-13753</OtherRevenues>
      <RevenueNotRptdF990>71070</RevenueNotRptdF990>
      <RevenueSubtotal>660772</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>660772</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>556882</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>3744</OtherExpensesIncluded>
      <ExpensesNotRptdF990>3744</ExpensesNotRptdF990>
      <ExpensesSubtotal>553138</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>553138</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. AS OF DECEMBER 31, 2010, THE ORGANIZATION'S FEDERAL AND VARIOUS STATE TAX RETURNS GENERALLY REMAIN OPEN FOR THE LAST THREE YEARS. THE ORGAIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME TAX EXPENSE FOR THE YEAR ENDED DECEMBER 31, 2010.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Explanation>PART XII, LINE 2D: COST OF GOODS SOLD OF $3,744 AND INVESTMENT FEES OF ($17,497) PART XIII, LINE 2D: COST OF GOODS SOLD OF $3,744</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 3</Identifier>
        <Explanation>CBIC CONTRACTED WITH EXECUTIVE DIRECTOR, INC. ON APRIL 1, 2010 TO PERFORM THEIR DAILY OPERATIONS. FROM JANUARY 1, 2010 THROUGH MARCH 31, 2010, CBIC USED APPLIED MEASUREMENT PROFESSIONALS, INC. ALL MAJOR DECISIONS REGARDING THE ORGANIZATION'S MISSION, GOALS, AND ACTIVITIES ARE DETERMINED BY THE BOARD OF DIRECTORS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE ORGANIZATION'S TREASURER REVIEWS A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT. ANY RESULTANT COMMENTS AND CHANGES ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANT. A FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO EACH MEMBER OF THE EXECUTIVE COMMITTEE PRIOR TO ITS FILING WITH THE IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THREE TIMES A YEAR, AT THE BOARD MEETINGS, EACH BOARD MEMBER COMPLETES THE CONFLICT OF INTEREST FORM. THE FORMS ARE REVIEWED AND KEPT ON FILE AT THE MANAGEMENT COMPANY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE ORGANIZATION IS MANAGED BY EXECUTIVE DIRECTOR INCORPORATED, A FOR-PROFIT MANAGEMENT COMPANY. THE ORGANIZATION HAS NO OFFICIAL EMPLOYEES BECAUSE ALL STAFF ASSIGNED TO THE ORGANIZATION ARE EMPLOYEES OF THE MANAGEMENT COMPANY. THE ORGANIZATION DOES NOT COMPENSATE DIRECTORS, OTHER TOP OFFICIALS, NOR HAS ANYBODY THAT FITS THE DEFINITION OF A KEY EMPLOYEE. THE MANAGEMENT CONTRACT INCLUDES PROVIDING OFFICE FACILITIES, MANAGEMENT, RECORDKEEPING, ACCOUNTING, STORAGE, OTHER SIGNIFICANT SERVICES, AND RELATED OVERHEAD COSTS. THE ORGANIZATION'S MANAGEMENT FEE IS COMPARED TO DATA FROM THE BENCHMARKING SERIES PUBLICATION "OPERATING RATIO REPORT" PROVIDED BY ASAE AND THE CENTER INDUSTRY RESEARCH AND IS APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. THIS DATA OUTLINES PERCENTAGES OF AN ORGANIZATION'S BUDGET SPENT ON EXPENSE LINE ITEMS INCLUDED IN THE ORGANIZATION'S MANAGEMENT FEE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>CBIC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 84,823. INVESTMENT EXPENSES: -17,497. TOTAL TO FORM 990, PART XI, LINE 5: 67,326.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>PART XII, LINE 2C</ReturnReference>
        <Explanation>THERE HAS BEEN NO CHANGE TO THE COMMITTEE'S PROCESS FOR THE ASSUMUMPTION OF RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>