MAKING OPPORTUNITY COUNT INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MAKING OPPORTUNITY COUNT INC (EIN 04-2401111)
- Tax period
- 2009-11-01 to 2010-10-31
- Filed
- 2011-09-13
- IRS object ID
- 201132569349300628
- Schema version
- 2009v1.7
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-09-13T15:00:30-05:00 | Timestamp |
| Tax Period End Date | 2010-10-31 | 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 | WESTBOROUGH | City |
| State | MA | State |
| ZIP Code | 01581 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-11-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042401111 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTACHUSETT OPPORTUNITY COUNCIL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MONT | NameControl |
| Phone | 9783457040 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 PRICHARD STREET | AddressLine1 |
| City | FITCHBURG | City |
| State | MA | State |
| ZIP Code | 01420 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KATHLEEN MCDERMOTT | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 9783457040 | Phone |
| Date Signed | 2011-09-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN FINNING CPA | Name |
| Phone | 5083669100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KATHLEEN MCDERMOTT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 PRICHARD STREET | AddressLine1 |
| City | FITCHBURG | City |
| State | MA | State |
| ZIP Code | 01420 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16908280 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MOCINC.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1966 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | TO EMPOWER LOW-INCOME INDIVIDUALS AND FAMILIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 340 | TotalNbrEmployees |
| Total Nbr Volunteers | 577 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 16391272 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 16213246 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 386644 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 380510 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5281 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2540 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 70800 | OtherRevenuePriorYear |
| Other Revenue Current Year | 293868 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 16853997 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16890164 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 461276 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 666176 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 10454298 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10723464 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5829610 | OtherExpensePriorYear |
| Other Expenses Current Year | 5308349 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16745184 | TotalExpensesPriorYear |
| Total Expenses Current Year | 16697989 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 108813 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 192175 | RevenuesLessExpensesCY |
| Total Assets BOY | 5247469 | TotalAssetsBOY |
| Total Assets EOY | 5374985 | TotalAssetsEOY |
| Total Liabilities BOY | 2808775 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2744116 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2438694 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2630869 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION of MONTACHUSETT OPPORTUNITY COUNCIL, INC. (MOC) IS TO EMPOWER LOW-INCOME INDIVIDUALS AND FAMILIES TO ACHIEVE SELF-SUFFICIENCY AND IMPROVE THE QUALITY OF LIFE BY CREATING OPPORTUNITIES, PROVIDING ADVOCACY AND COORDINATING EFFORTS TO ALLEVIATE POVERTY. MOC WAS ESTABLISHED IN 1966 FOR THE PRIMARY PURPOSE OF PROMOTING THE WELL BEING OF LOW-INCOME PEOPLE IN THE CITIES AND TOWNs OF NORTH CENTRAL MASSACHUSETTS. LAST YEAR, MOC PROVIDED DIRECT SERVICES TO APProximately 20,000 INDIVIDUALS AND FAMILIES THROUGH THREE SERVICE AREAS: CHILD CARE & HEAD START SERVICES, HOUSING AND COMMUNITY SERVICES, AND NUTRITION AND WELLNESS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8313055 | Expense |
| Revenue | 331053 | Revenue |
| Description | CHILD CARE & HEAD START SERVICES:CHILD CARE AND HEAD START SERVICES PROVIDE EARLY EDUCATION AND CARE AND PREPARES CHILDREN AND FAMILIES FOR APPROPRIATE GROWTH, DEVELOPMENT AND SCHOOL READINESS THROUGH THE PROVISION OF COMPREHENSIVE, FAMILY CENTERED SERVICES.THE CHILD CARE AND HEAD START DIVISION PROVIDES FEDERAL, STATE AND LOCALLY FUNDED PROGRAMS FOR CHILDREN FROM BIRTH TO THIRTEEN YEARS OF AGE FROM LOW INCOME FAMILIES. APPROXIMATELY 1,000 CHILDREN PARTICIPATE IN CENTER-BASED PROGRAMS AND IN FAMILY CHILD CARE HOMES YEARLY. CENTERS ARE LOCATED IN FITCHBURG, LEOMINSTER, CLINTON, GARDNER, WINCHENDON, MT. WACHUSETT COMMUNITY COLLEGE, AND ATHOL. FAMILY CHILD CARE HOMES ARE LOCATED THROUGHOUT THE MOC SERVICE AREA. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2874834 | Expense |
| Revenue | 106410 | Revenue |
| Description | HOUSING AND COMMUNITY SERVICES:THE PROGRAMS OFFERED BY HOUSING AND COMMUNITY SERVICES INCLUDE ENERGY AND HOUSING SERVICES, ASSET DEVELOPMENT, EDUCATION AND WORKFORCE DEVELOPMENT AND COMMUNITY SERVICES INCLUDing FOOD DISTRIBUTION, EMERGENCY FOOD AND SHELTER AND CASE MANAGEMENT. THE HMONG LAO OUTREACH PROJECT IS ALSO ADMINISTERED BY H&C SERVICES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3294669 | Expense |
| Revenue | 130057 | Revenue |
| Description | NUTRITION AND WELLNESS:FAMILY PLANNING CLINIC/COMMUNITY EDUCATION SERVICES-THE GOAL IS TO PARTNER WITH INDIVIDUALS AND FAMILIES TO ENHANCE THEIR HEALTH AND WELL-BEING, THEREBY IMPROVING THE PUBLIC HEALTH STATUS OF THE REGION. OUR PROGRAMS PROVIDE AN ARRAY OF ESSENTIAL, CLIENT-CENTERED HEALTH, PREVENTION, AND SUPPORT SERVICES. WE OFFER A WIDE ARRAY OF COMMUNITY EDUCATION, HEALTH PROMOTION, AND OUTREACH PROGRAMS WHICH TARGET ADOLESCENTS, FAMILIES, ETHNIC AND RACIAL MINORITIES, AND HIGH-RIsK MALES AND FEMALES THROUGHOUT THE REGION. OVER 3,000 INDIVIDUALS RECEIVE HEALTH RISK REDUCTION EDUCATION AND OVER 2,000 RECEIVE REPRODUCTIVE HEALTHCARE SERVICES ANNUALLY.THE ELDER SERVICE PROGRAM-THE ELDER SERVICE PROGRAM PROVIDES HOME AND COMMUNITY-BASED SERVICES TO INDIVIDUALS 60 YEARS OF AGE AND OldER TO SUPPORT THEIR INDEPENdenCE AND REDUCE INstitutionalization. THE PURPOSE OF THE PROGRAM IS TO PROMOTE BETTER HEALTH, REDUCE ISOLATION, AND OFFER ELDERS THE OPPORTUNITY TO LIVE THEIR REMAINING YEAR IN DIGNITY. ELDERLY NUTRITION PROGRAM SERVES OVER 67,000 CONGREGATE AND 165,000 HOME DELIVERED MEALS TO APPROXIMATELY 2,800 ELDER HOUSEHOLDS ANNUALLY. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 759195 | Expense |
| Revenue | 23647 | Revenue |
| Description | SPECIAL PROJECTS:COMMUNITY BASED ACTIVITIES INCLUDING MENTAL AND ORAL HEALTH PILOT PROJECTS FUNDED THROUGH FOUNDATIONS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 759195 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 23647 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 15241753 | 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 |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 155 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 340 | 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | 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 | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| 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 | 1 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LINDA DUFFY DEPUTY DIRECTOR | NamePerson |
| Telephone Number | 9783457040 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 133 PRICHARD STREET | AddressLine1 |
| City | FITCHBURG | City |
| State | MA | State |
| ZIP Code | 01420 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| LOUISE JANHUNEN | ||||||
| PRESIDENT | 0.50 | X | X | 0 | 0 | 0 |
| MARC DOHAN | ||||||
| VICE PRESIDENT | 0.50 | X | X | 0 | 0 | 0 |
| OSCAR O'CONNOR | ||||||
| TREASURER | 0.50 | X | X | 0 | 0 | 0 |
| KATHY VEROUDE | ||||||
| CLERK | 0.50 | X | X | 0 | 0 | 0 |
| HEIDI BEAULAC | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| JAY SMITH | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| MIGDALIA VELEZ | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| MARK EDEN | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| PAMELA ARNDT | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| DR NEAL ANDERSON | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| MARYANN KANE | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| MICK HUPPERT | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| MICHELLE ADAMU | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| DONATA MARTIN | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| MAYOR MARK HAWKE | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| ANDREA WHITE | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| irene hernendez | ||||||
| director | 0.50 | X | 0 | 0 | 0 | |
| KATHLEEN MCDERMOTT | ||||||
| executive director | 37.50 | X | 116412 | 0 | 5719 | |
| LINDA DUFFY | ||||||
| deputy dir., Admin. & Finance | 35.00 | X | 86438 | 0 | 4318 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 202850 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 10037 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BATEMAN SENIOR MEALS | |||||
| PO BOX 102289 | ATLANTA | GA | 30368 | PROVIDE MEALS to ELDER CLIENTS | 567053 |
| MONTACHUSETT REGIONAL TECH | |||||
| 1050 WESTMINISTER ST | FITCHBURG | MA | 01420 | PROVIDE MEALS to CHILDren | 200218 |
| SPADAFORE OIL CO | |||||
| 701 NORTH MAIN ST | LEOMINSTER | MA | 01453 | HEATING SYSTEMS | 168105 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Federated Campaigns | 33345 | FederatedCampaigns |
| Government Grants | 15036692 | GovernmentGrants |
| All Other Contributions | 1143209 | AllOtherContributions |
| Total Contributions | 16213246 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | program service fees | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 380510 | TotalRevenueColumn |
| Related Or Exempt Function Income | 380510 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 380510 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2540 | TotalRevenueColumn |
| Exclusion | $2,540 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 23730 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 23730 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23730 | TotalRevenueColumn |
| Exclusion | $23,730 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 77597 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 18116 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 59481 | TotalRevenueColumn |
| Exclusion | $59,481 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | other revenue | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 210657 | TotalRevenueColumn |
| Related Or Exempt Function Income | 210657 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 210657 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16890164 | TotalRevenueColumn |
| Related Or Exempt Function Income | 591167 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $85,751 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 666176 | Total |
| Program Services | 666176 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228635 | Total |
| Management And General | 228635 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7553541 | Total |
| Program Services | 6854785 | ProgramServices |
| Management And General | 698756 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1934840 | Total |
| Program Services | 1790794 | ProgramServices |
| Management And General | 144046 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1006448 | Total |
| Program Services | 916017 | ProgramServices |
| Management And General | 90431 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5727 | Total |
| Program Services | 527 | ProgramServices |
| Management And General | 5200 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54770 | Total |
| Program Services | 5037 | ProgramServices |
| Management And General | 49733 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2963564 | Total |
| Program Services | 2963564 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20041 | Total |
| Program Services | 16621 | ProgramServices |
| Management And General | 3420 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92707 | Total |
| Program Services | 75141 | ProgramServices |
| Management And General | 17566 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103810 | Total |
| Program Services | 81726 | ProgramServices |
| Management And General | 22084 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 581925 | Total |
| Program Services | 511084 | ProgramServices |
| Management And General | 70841 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 271053 | Total |
| Program Services | 255873 | ProgramServices |
| Management And General | 15180 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143665 | Total |
| Program Services | 136656 | ProgramServices |
| Management And General | 7009 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85218 | Total |
| Program Services | 78759 | ProgramServices |
| Management And General | 6459 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 223556 | Total |
| Program Services | 207487 | ProgramServices |
| Management And General | 16069 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80595 | Total |
| Program Services | 69098 | ProgramServices |
| Management And General | 11497 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| supplies | 255087 | 254986 | 101 |
| outside services | 239059 | 209739 | 29320 |
| equipment | 99869 | 81676 | 18193 |
| printing and postage | 44126 | 35765 | 8361 |
| MISCELLANEOUS EXPENSE | 43577 | 30242 | 13335 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16697989 | Total |
| Program Services | 15241753 | ProgramServices |
| Management And General | 1456236 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64178 | BOY |
| EOY | 21833 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 254072 | BOY |
| EOY | 338088 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1767090 | BOY |
| EOY | 1790042 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37502 | BOY |
| EOY | 27090 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 159520 | BOY |
| EOY | 133027 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4712677 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1661684 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2951332 | BOY |
| EOY | 3050993 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13775 | BOY |
| EOY | 13912 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5247469 | BOY |
| EOY | 5374985 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1108686 | BOY |
| EOY | 1030376 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118950 | BOY |
| EOY | 190483 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1581139 | BOY |
| EOY | 1523257 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2808775 | BOY |
| EOY | 2744116 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1230919 | BOY |
| EOY | 1374511 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1207775 | BOY |
| EOY | 1256358 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2438694 | BOY |
| EOY | 2630869 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5247469 | BOY |
| EOY | 5374985 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
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 | 14914285 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 15953566 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16224936 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16391272 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16213246 | CurrentTaxYear |
| Total | 79697305 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14914285 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 15953566 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16224936 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16391272 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16213246 | CurrentTaxYear |
| Total | 79697305 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 79697305 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1168 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2285 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6321 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17281 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2540 | CurrentTaxYear |
| Total | 29595 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 21030 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22940 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 61526 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 58800 | CurrentTaxYearMinus1Year |
| Current Tax Year | 293868 | CurrentTaxYear |
| Total | 458164 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 80185064 | TotalSupport |
| Gross Receipts From Admissions Etc | 17474037 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.99390 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.99750 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
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
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 280000 | OtherCostOrOtherBasis |
| Book Value | 280000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2503452 | OtherCostOrOtherBasis |
| Depreciation | 563728 | Depreciation |
| Book Value | 1939724 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 625542 | OtherCostOrOtherBasis |
| Depreciation | 105507 | Depreciation |
| Book Value | 520035 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1303683 | OtherCostOrOtherBasis |
| Depreciation | 992449 | Depreciation |
| Book Value | 311234 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3050993 | TotalOfBookValueLandBuildings |
| Total Revenue | 16890164 | TotalRevenue |
| Total Expenses | 16697989 | TotalExpenses |
| Excess Or Deficit For Year | 192175 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 192175 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 17474037 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 565757 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 18116 | OtherRevenues |
| Revenue Not Rptd F990 | 583873 | RevenueNotRptdF990 |
| Revenue Subtotal | 16890164 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16890164 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17281862 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 565757 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 18116 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 583873 | ExpensesNotRptdF990 |
| Expenses Subtotal | 16697989 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 16697989 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part XII, Line 2d - Other Adjustments: | special event EXPENSES netted against REVENUE: 18116. |
| Part XIII, Line 2d - Other Adjustments: | special event EXPENSES netted against REVENUE: 18116. |
| The Agency follows Accounting for Uncertainty in Income Taxes standard which requires the Agency 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 October 31, 2010, the Agency determined that there are no material unrecognized tax benefits to report. These returns are generally subject to examination by tax authorities for the last three fiscal years. Information returns filed for the years ended October 31, 2009, 2008, and 2007, remain subject to examination by the Internal Revenue Service and Massachusetts. The Agency does not expect that the amounts of unrecognized tax benefits will change significantly within the next twelve months. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | taste of n. central | NameOfEvent1 |
| Gross Receipts Event1 | 77597 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 77597 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 1905 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 1063 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 250 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 3900 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 10998 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 77597 | GrossReceiptsTotal |
| Gross Revenue Total Events | 77597 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 1905 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 1063 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 250 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 3900 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 10998 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 18116 | DirectExpenseSummaryEvents |
| Net Income Summary | 59481 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | food, shelter and clothing for indigents, etc. | TypeOfGrant |
| Number Of Recipients | 0 | NumberOfRecipients |
| Amount Of Cash Grant | 0 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 666176 | AmountOfNonCashAssistance |
| Method Of Valuation | book | MethodOfValuation |
| Description Of Non Cash Assistance | food, shelter and clothing for indigents, etc. | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: the use of grants is monitored through the attendence of bi-monthly meetings of supported organizations. any organization that does not meet the requirements are notified and are required to return awards. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | mass development finance agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 043431814 | IssuerEIN |
| CUSIP Number | 999999999 | CUSIPNumber |
| Date Issued | 2008-10-31 | DateIssued |
| Issue Price | 1450000 | IssuePrice |
| Description Of Purpose | refinance debt | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEES OF THE BOARD OF DIRECTORS. THE FORM 990 IS THEN REVIEWED BY THE MOC'S BOARD OF DIRECTORS. THE FORM 990 WILL BE FILED UPON APPROVAL BY THE AUDIT AND FINANCE COMMITTEES. |
| Form 990, Part VI, Section B, line 12c | NEW BOARD MEMEBERS ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST FORM WHEN THEY BEGIN THEIR TERM ON THE BoaRD. KATHLEEN MCDERMOTT, EXECUTIVE DIRECTOR, AND LEONA SHAW, OPERATIONS DIRECTOR, DETERMINE IF A POTENTIAL CONFLICT EXSISTS. IF A POTENTIAL CONFLICT IS FOUND TO EXIST, THAT PERSON IS BARRED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISIONS REGARDING THE CONFLICTING MATTER. |
| Form 990, Part VI, Section B, line 15 | PART OF MOC'S BOARD OF DIRECTORS STRUCTURE INCLUDE A PERSONNEL COMMITTEE. THEY APPROVE THE WAGE AND SALARY STRUCTURE FOR MOC'S EMPLOYEES. |
| Form 990, Part VI, Section C, line 18 | MOC's FORM 990s ARE AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US AND GUIDESTAR AT WW2.GUIDESTAR.ORG. MOC ALSO MAKEs THEIR FORM 990, FORM 1023, FORM 990-T, ARTICLES OF INCORPORATION, AND BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part VI, Section C, line 19 | MOC'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS AT WWW.CHARITIES.AGO.STATE.MA.US. MOC DOES NOT MAKE THEIR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. IN ADDITION, VARIOUS OTHER GOVERNING DOCUMENTS ARE ALSO AVAILABLE ON THE OFFICIAL WEBSITE OF THE SECRETARY OF STATE OF MASSACHUSETTS AT: WWW.CORP.SEC.STATE.MA.US/CORP/CORPSEARCH/CORPSEARCHINPUT.ASP. |
| FORM 990, PART XI, LINE 2C | THE AUDIT/FINANCE COMMITTEE ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDIT FIRM. |