PRESIDENT/SCOUT EXECUTIVE

2011-11-07T09:14:44-06:00 2010-12-31 MELTON & MELTON LLP 6002 ROGERDALE RD SUITE 200 HOUSTON TX 77072 990 2010-01-01 760239833 BOY SCOUTS OF AMERICA SAM HOUSTON AREA COUNCIL BOYS 7137563367 PO BOX 924528 HOUSTON TX 772924528 TOM VARNELL PRESIDENT/SCOUT EXECUTIVE 7137563367 2011-11-07 1 2817591120 2010 2016-03-07 17:11:31Z THOMAS O VARNELL PO BOX 924528 HOUSTON TX 77292 20266723 1 1 1761 X WWW.SHAC.ORG X 1914 TX SEE SCHEDULE O STATEMENTTHE MISSION OF THE BOY SCOUTS OF AMERICA IS TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW. 140 138 363 20500 0 0 10547128 10163174 2113236 3467727 -1324712 1060584 1349601 1133324 12685253 15824809 184440 230693 0 0 7104455 7137338 0 0 1130806 5456817 7444142 12745712 14812173 -60459 1012636 68360421 71978740 2223974 3046655 66136447 68932085 X SEE SCHEDULE O STATEMENTTHE CORPORATION SHALL PROMOTE, WITHIN THE TERRITORY COVERED BY THE CHARTER FROM TIME TO TIME GRANTED IT BY THE BOY SCOUTS OF AMERICA AND IN ACCORDANCE WITH THE CONGRESSIONAL CHARTER, BYLAWS, POLICIES AND REGULATIONS OF THE BOY SCOUTS OF AMERICA, THE SCOUT PROGRAM OF PROMOTING THE ABILITY OF BOYS AND YOUNG MEN AND WOMEN TO DO THINGS FOR THEMSELVES AND OTHERS, TRAINING THEM IN SCOUTCRAFT, AND TEACHING THEM PATRIOTISM, COURAGE, SELF-RELIANCE, AND KINDRED VIRTURES, USING THE METHODS WHICH ARE NOW IN COMMON USE BY THE BOY SCOUTS OF AMERICA. 0 0 2894916 1317182 THE FOLLOWING FUNDS WERE USED TO PROVIDE CAMPINGOPPORTUNITIES FOR THE BOY SCOUTS OF AMERICA. 10263793 2969183 THE FOLLOWING FUNDS WERE USED TO SUPPORT PROGRAMS ANDACTIVITIES CONDUCTED BY THE BOY SCOUTS OF AMERICA. 13158709 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 33 0 1 363 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 140 138 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DOUG DAVIES 7137563367 2225 N LOOP W HOUSTON TX 77008 JOHN W ALLEN DIRECTOR 0.30 X 0 0 0 KENNETH S BARROW DIRECTOR 0.30 X 0 0 0 LAWRENCE BEHRMANN DIRECTOR 0.10 X 0 0 0 A T BLACKSHEAR JR DIRECTOR 1.50 X 0 0 0 NELSON R BLOCK DIRECTOR 6.00 X 0 0 0 JOHN R BOETTIGER JR DIRECTOR 0.50 X 0 0 0 JUDGE GEORGE H BOYETT DIRECTOR 1.50 X 0 0 0 BILL BREETZ DIRECTOR 0.50 X 0 0 0 ALLEN D BROWN DIRECTOR 1.50 X 0 0 0 VICTOR BURK DIRECTOR 2.00 X 0 0 0 MICHAEL CADE DIRECTOR 0.30 X 0 0 0 MRS DIANE CANNON DIRECTOR 3.00 X 0 0 0 WILLIAM CARR DIRECTOR 3.00 X 0 0 0 JOHN CASTELLANO DIRECTOR 0.50 X 0 0 0 WILLIAM CAUDILL DIRECTOR 1.00 X 0 0 0 JOHN CORNETT DIRECTOR 0.50 X 0 0 0 DENNIS CORNWELL DIRECTOR 7.50 X 0 0 0 JOHN CRAFTON DIRECTOR 1.30 X 0 0 0 DAVID E CREASEY DIRECTOR 0.50 X 0 0 0 MICHAEL A CREEL DIRECTOR 0.30 X 0 0 0 GARY CROCKER DIRECTOR 1.50 X 0 0 0 DONALD CULLUM DIRECTOR 1.50 X 0 0 0 MATT DANIEL DIRECTOR 0.80 X 0 0 0 CHARLES D DAVIDSON DIRECTOR 1.50 X 0 0 0 CRAIG DAVIS DIRECTOR 0.30 X 0 0 0 GEORGE DEMONTROND DIRECTOR 0.80 X 0 0 0 DAN O DINGES DIRECTOR 0.30 X 0 0 0 DR JAMES M DOUGLAS DIRECTOR 2.50 X 0 0 0 JUDGE TIM DRAPELA DIRECTOR 0.80 X 0 0 0 MARK DULWORTH DIRECTOR 0.50 X 0 0 0 PAUL DUNPHEY DIRECTOR 0.80 X 0 0 0 CORNELIUS DUPRE' II DIRECTOR 0.30 X 0 0 0 M ROBERT DUSSLER DIRECTOR 1.00 X 0 0 0 RODNEY EADS DIRECTOR 1.00 X 0 0 0 JEFFREY EARLY DIRECTOR 0.50 X 0 0 0 JAMES D EBANK DIRECTOR 10.00 X 0 0 0 RICHARD EICHLER DIRECTOR 3.50 X 0 0 0 TERRI EVANS DIRECTOR 0.30 X 0 0 0 JAMES FLORES DIRECTOR 0.30 X 0 0 0 LEX FRIEDEN DIRECTOR 0.30 X 0 0 0 O DUANE GAITHER II DIRECTOR 0.50 X 0 0 0 STEWART W GAGNON DIRECTOR 10.00 X 0 0 0 MICHAEL A GEFFERT DIRECTOR 0.30 X 0 0 0 ROBERT W GIBBS JR DIRECTOR 3.00 X 0 0 0 STEPHEN M GREENLEE DIRECTOR 0.50 X 0 0 0 DR TERRY B GRIER DIRECTOR 0.30 X 0 0 0 ANTHONY GRIJALVA JR DIRECTOR 0.30 X 0 0 0 STEPHEN GROVER DIRECTOR 1.50 X 0 0 0 ED GRUN DIRECTOR 1.50 X 0 0 0 FLORENCIO GUTIERREZ JR DIRECTOR 2.00 X 0 0 0 DR CARLOS R HAMILTON JR DIRECTOR 3.00 X 0 0 0 JOHN H HAPP JR DIRECTOR 1.50 X 0 0 0 W DAVID HARRIS DIRECTOR 2.50 X 0 0 0 LES HILLER DIRECTOR 0.30 X 0 0 0 STEVEN B HINCHMAN DIRECTOR 0.30 X 0 0 0 JUDGE DAVID HITTNER DIRECTOR 1.00 X 0 0 0 MICHAEL HOLTHOUSE DIRECTOR 1.00 X 0 0 0 HAROLD S HOOK DIRECTOR 0.50 X 0 0 0 JOHN P HORAN DIRECTOR 1.50 X 0 0 0 HOWARD HOUSE DIRECTOR 1.00 X 0 0 0 JAMES HUGUENARD DIRECTOR 2.00 X 0 0 0 DAN HUNTER DIRECTOR 1.50 X 0 0 0 DR ROBERT IVANY DIRECTOR 0.50 X 0 0 0 LIMAS JEFFERSON DIRECTOR 0.30 X 0 0 0 LIONEL JELLINS DIRECTOR 2.00 X 0 0 0 J WEBB JENNINGS III DIRECTOR 1.00 X 0 0 0 MICHAEL JENNINGS DIRECTOR 0.30 X 0 0 0 WAYNE D JOHNSON DIRECTOR 0.80 X 0 0 0 DAVID JONES DIRECTOR 1.00 X 0 0 0 JUDGE EDITH H JONES DIRECTOR 0.50 X 0 0 0 BILL J KACAL DIRECTOR 2.00 X 0 0 0 MICHAEL KASECKY DIRECTOR 1.00 X 0 0 0 LAWRENCE W KELLNER DIRECTOR 0.50 X 0 0 0 STEVEN KNOWLES DIRECTOR 0.30 X 0 0 0 VICTOR KOOSH DIRECTOR 0.80 X 0 0 0 KARL KURZ DIRECTOR 0.30 X 0 0 0 WINSTON J LABBE' DIRECTOR 0.50 X 0 0 0 DAVID LATTIN DIRECTOR 0.50 X 0 0 0 HON SHEILA JACKSON LEE DIRECTOR 0.30 X 0 0 0 ED LESTER DIRECTOR 1.00 X 0 0 0 JUNE L LOHMAN DIRECTOR 0.50 X 0 0 0 DAVID S LOPEZ DIRECTOR 0.30 X 0 0 0 MARK MASSEY DIRECTOR 0.30 X 0 0 0 BILL MCDONALD DIRECTOR 1.00 X 0 0 0 KEVIN CMCGINNIS DIRECTOR 0.30 X 0 0 0 SCOTT J MCLEAN DIRECTOR 0.80 X 0 0 0 KEVIN MEIER DIRECTOR 0.50 X 0 0 0 CHARLES MELOY DIRECTOR 1.00 X 0 0 0 TOM MILLER DIRECTOR 1.50 X 0 0 0 ROGER C MOSBY DIRECTOR 4.00 X 0 0 0 FRANKLIN MYERS DIRECTOR 1.50 X 0 0 0 FRANK NANCE DIRECTOR 1.50 X 0 0 0 CHARLES M NEFF JR DIRECTOR 0.30 X 0 0 0 S GIFFORD NIELSEN DIRECTOR 0.30 X 0 0 0 CRAIG NUNEZ DIRECTOR 0.50 X 0 0 0 STEVEN D OLDHAM DIRECTOR 0.50 X 0 0 0 DAN OWNBY DIRECTOR 5.00 X 0 0 0 MICHAEL L PATRICK DIRECTOR 1.50 X 0 0 0 STEVE PAYNE DIRECTOR 0.30 X 0 0 0 ROBERT W PEASE DIRECTOR 0.30 X 0 0 0 LOUIS PELZ DIRECTOR 0.30 X 0 0 0 STEVE POWELL DIRECTOR 2.00 X 0 0 0 RABORN READER JR DIRECTOR 0.50 X 0 0 0 STEPHEN M REDDING DIRECTOR 0.50 X 0 0 0 ALBERT L RICHEY DIRECTOR 0.30 X 0 0 0 MICHAEL C RIDDLE DIRECTOR 1.50 X 0 0 0 JUDGE RUSS RIDGWAY DIRECTOR 0.50 X 0 0 0 KEVIN ROBERT DIRECTOR 0.30 X 0 0 0 DEBORAH ROLLINSON DIRECTOR 0.50 X 0 0 0 MIKE ROUSSOS DIRECTOR 0.30 X 0 0 0 ALBERTO SANTOS JR DIRECTOR 3.00 X 0 0 0 C BARI SAUNDERS DIRECTOR 0.50 X 0 0 0 ROBERT W SCHARAR DIRECTOR 1.00 X 0 0 0 CHARLES E CHIP SCHNEIDER DIRECTOR 1.00 X 0 0 0 DR GUY SCONZO DIRECTOR 0.30 X 0 0 0 KENNETH W SEAMAN DIRECTOR 0.30 X 0 0 0 RICHARD A SHAPPARD DIRECTOR 0.30 X 0 0 0 RICHARD SHIRLEY DIRECTOR 4.00 X 0 0 0 BRIAN SMITH DIRECTOR 1.00 X 0 0 0 KEVIN SMITH DIRECTOR 0.50 X 0 0 0 STAN STANLEY DIRECTOR 15.00 X 0 0 0 GEORGE W STRAKE JR DIRECTOR 0.30 X 0 0 0 STEPHEN D STRAKE SR DIRECTOR 0.30 X 0 0 0 SAM STUBBS DIRECTOR 2.50 X 0 0 0 BURKE SUNDAY DIRECTOR 3.00 X 0 0 0 RICHARD TAUBER DIRECTOR 0.30 X 0 0 0 HOWARD T TELLEPSEN JR DIRECTOR 1.00 X 0 0 0 C TRAVIS TRAYLOR JR DIRECTOR 0.50 X 0 0 0 FRANK TSURU DIRECTOR 3.00 X 0 0 0 DAVID VAN KLEECK DIRECTOR 1.50 X 0 0 0 JOHN B WALKER DIRECTOR 2.00 X 0 0 0 LANE WARD DIRECTOR 2.00 X 0 0 0 WALTER WEATHERS DIRECTOR 0.50 X 0 0 0 DAVID M WEEKLEY DIRECTOR 1.00 X 0 0 0 KENNETH WELLS DIRECTOR 1.50 X 0 0 0 JOHN WILKIRSON DIRECTOR 0.80 X 0 0 0 CHARLES WILLIAMS DIRECTOR 2.00 X 0 0 0 TIMOTHY J WOLFF DIRECTOR 0.50 X 0 0 0 CHRISTOPHER S YOUNG DIRECTOR 1.50 X 0 0 0 DR WILLIAM A YOUNG JR DIRECTOR 2.80 X 0 0 0 TOM VARNELL PRESIDENT/SCOUT EXECUTIVE 55.00 X 249427 0 34250 JAMES JOHNSON DIRECTOR OF FINANCE SERVIC 55.00 X 36796 0 3450 CHRIS HOLT DEPUTY SCOUT EXECUTIVE 55.00 X 130506 0 19359 JON YATES DIRECTOR OF FIELD SERVICE 55.00 X 87706 0 15486 JIM HEAD DIRECTOR OF DEVELOPMENT 55.00 X 124988 0 20018 JIM REES DIRECTOR OF FINANCE SERVICE 55.00 X 114125 0 17802 DOUG DAVIES COMPTROLLER 55.00 X 116600 0 17871 860148 0 128236 5 0 1 0 ROBERT M SKROBARCZYK 1050 WINDY HILLS RD DRIPPING SPRINGS TX 78620 CONSTRUCTION 486543 CROSSROADS CATERING PO BOX 925 NAVASOTA TX 77868 CATERING 164675 2 1528150 1276892 7358132 1140932 10163174 ACTIVITIES INCOME 900099 2150545 2150545 CAMPING INCOME 900099 1317182 1317182 3467727 851785 851785 208799 208799 208799 208799 645052 1276892 1817259 -1172207 -1172207 4111548 2624655 1486893 1486893 MISCELLANEOUS REVENUE 110000 818638 818638 818638 15824809 4286365 0 1375270 230693 230693 860148 748931 34578 76639 4643712 4043412 186642 413658 1123138 964615 49288 109235 510340 437978 22498 49864 1154 504 484 166 73037 31881 30639 10517 34543 15078 14491 4974 154005 67223 64605 22177 1053084 950092 32014 70978 1753882 1665184 6932 81766 1126060 1069977 17437 38646 759359 672395 20468 66496 351341 337209 2559 11573 71676 71676 1127240 1063416 19844 43980 169629 149224 6344 14061 EQUIPMENT RENT & MAINTE 245036 232471 3907 8658 RECOGNITION AWARDS 223460 156983 1930 64547 PRINTING & PUBLICATIONS 176251 139736 3528 32987 OTHER EXPENSES 88293 79627 2702 5964 EMPLOYEE RELATIONS 36092 30404 1768 3920 14812173 13158709 522658 1130806 125726 81897 6062217 6991314 4683961 3860384 255766 984853 70304 35368 455933 164331 52548328 16885559 35781076 35662769 20805562 24068563 119876 129261 68360421 71978740 753804 2033665 641146 169657 829024 843333 2223974 3046655 X 35414155 38322619 11597641 10422343 19124651 20187123 66136447 68932085 68360421 71978740 X 1012636 1783002 X 0 1 1 X 0 X 11481056 13912064 11378524 7937441 10163174 54872259 11481056 13912064 11378524 7937441 10163174 54872259 54872259 528962 537136 463728 520264 851785 2901875 543785 624993 532329 355958 818638 2875703 60649837 21585912 0.90470 0.91200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24997353 1733937 2827410 1332351 28226349 22671634 1124102 1749523 547906 24997353 29551054 2587915 -8094979 1176213 196143 22671634 0.15000 0.62000 0.23000 0 0 20195498 20195498 20157288 9295559 10861729 3612328 1717288 1895040 1128114 758849 369265 7455100 5113863 2341237 35662769 CUSTODIAN ACCOUNTS 843333 843333 15824809 14812173 1012636 1783002 1783002 2795638 17607811 1783002 1783002 15824809 0 15824809 14812173 0 14812173 0 14812173 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: USE OF ENDOWMENT FUNDS PERMANENT ENDOWMENT FUNDS ARE DIVIDED USE FUNDS WITH THE PRINCIPLE USED ONLY FOR THE EARNING OF INCOME. SUCH INCOME IS USED TO SUPPORT ASSORTED PROGRAMS AND GENERAL OPERATIONS. TERM ENDOWMENT FUNDS ARE DIVIDED USE FUNDS WITH THE PRINCIPLE RESTRICTED FOR INCOME EARNING AND PERMANENT IMPROVEMENTS AT CAMP STRAKE, THE INCOME FROM TERM ENDOWMENT FUNDS IS USED FOR OPERATIONS AT CAMP STRAKE. ALL OTHER ENDOWMENT FUNDS ARE USED TO SUPPORT GENERAL PROGRAM SERVICES AND TO INVEST FOR SUPPORT OF FUTURE GENERAL PROGRAM SERVICES. FIN 48 DISCLOSURE THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE") AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE IS SUBJECT TO FEDERAL INCOME TAX. THE ORGANIZATION CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB ASC 740, INCOME TAXES, ON JANUARY 1, 2009. UNDER FASB ASC 740, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION OF FASB ASC 740 HAD NO IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNCERTAIN TAX BENEFITS. NO INTEREST OR PENALTIES WERE ACCRUED AS OF JANUARY 1, 2009, AS A RESULT OF THE ADOPTION OF FASB ASC 740. FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. 100TH ANNIVERSARY 1181134 656134 525000 365935 377552 1000 866782 SPORTING CLAYS 320316 224800 95516 8982 24318 1620 121820 3 420494 395958 24536 4370 16333 13308 15239 1921944 1276892 645052 13352 406586 392480 1000 1003841 1817259 -1172207 1 MEMBERSHIP, CAMPERSHIP, AND VARIOUS UNIFORM FEES - VARIOUS 9200 230693 OTHER INFORMATION: PART IV: GRANTS ARE PROVIDED TO COVER THE COST OF THE $15 MEMBERSHIP, CAMPERSHIP, AND UNIFORMS FEES FOR APPROXIMATELY 9200 YOUTH PER YEAR. THERE ARE NO ELIGIBILITY OR INCOME REQUIREMENTS FOR THESE FUNDS. X X X X 0 0 0 0 0 0 0 0 0 TOM VARNELL 249427 0 0 0 0 0 23263 0 10987 0 283677 0 263551 0 X 13 10725 ACTUAL SALES PRICE X 4 15989 ACTUAL SALES PRICE X ADVERTISEMENTS 9768 1028060 ACTUAL COST X AUTO LEASE 1 7500 ACTUAL COST X SUPPLIES 101 67258 ACTUAL COST X AIRLINE TICKETS 12 11400 ACTUAL COST 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD OF DIRECTORS' MEMBERS ARE OFFICERS AT TWO DIFFERENT FINANCIAL INSTITUTIONS WHERE THE ORGANIZATION MAINTAINS INVESTMENT AND CASH ACCOUNT BALANCES. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF FORM 990 AND ALL ASSOCIATED SCHEDULES ARE PRESENTED TO THE GOVERNING BOARD FOR THEIR REVIEW AND COMMENTS TO BE SUBMITTED TO THE AUDIT COMMITTEE WHERE VARIOUS ASPECTS OF THE FORM ARE EXPLAINED AND DISCUSSED IN DETAIL BEFORE VOTING OCCURS BY THE AUDIT COMMITTEE FOR ACCEPTANCE OF THE DOCUMENT INCLUDING PROPOSED CHANGES. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY TO PREVENT INSTITUTIONAL OR PERSONAL INTERESTS OF BOARD MEMBERS, OFFICERS, AND STAFF OF SAM HOUSTON AREA COUNCIL (THE "COUNCIL") FROM INTERFERING IN THE PERFORMANCE OF THEIR DUTIES AND TO SEE THAT THERE IS NO PERSONAL, PROFESSIONAL, OR POLITICAL GAIN AT THE EXPENSE OF THE COUNCIL. THE POLICY REQUIRES DISCLOSURE OF ANY CONFLICTS OF INTEREST AND THE RECUSAL OF ANY INTERESTED PARTY IN A RELATED DECISION. A YEARLY CONLICT OF INTEREST QUESTIONNAIRE IS REQUIRED TO BE FILLED OUT AND RETURNED BY EACH PARTY COVERED BY THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF SAM HOUSTON AREA COUNCIL BOY SCOUTS OF AMERICA (THE "COUNCIL") HAS CREATED A COMPENSATION AND BENEFITS COMMITTEE CONSISTING OF AT LEAST THREE INDEPENDENT DIRECTORS INCLUDING THE CHAIRMAN OF THE BOARD. THE COMMITTEE REVIEWS AND USES THE BOY SCOUTS OF AMERICA'S COMPENSATION PROGRAM TO ASSURE AN INTERNALLY CONSISTENT AND EXTERNALLY COMPETITIVE COMPENSATION PROGRAM TO ATTRACT, RETAIN, AND MOTIVATE QUALIFIED EXECUTIVE MANAGEMENT AND OTHER KEY EMPLOYEES AND PROVIDE INCENTIVE FOR THE ATTAINMENT OF THE COUNCIL'S STRATEGIC GOALS AND OBJECTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST: ALL DOCUMENTS AS REQUIRED BY FEDERAL, STATE, AND LOCAL LAWS INCLUDING, BUT NOT LIMITED TO, IRS FORM 990 AND, IF APPLICABLE, IRS FORM 990-T, THE ANNUAL REPORT, AUDITED FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,783,002.