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      <ExcessOrDeficitPerFS>888047</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>6113472</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>6113472</RevenueSubtotal>
      <TotalRevenuePerForm990>6113472</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>5225425</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>5225425</ExpensesSubtotal>
      <OtherExpensesNotIncluded>15024</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>15024</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>5240449</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>RECONCILIATION OF CHANGES - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XI, LINE 8</ReturnReference>
        <Explanation>INCREASE IN TEMPORARILY RESTRICTED NET ASSETS 0 BOOK / TAX DEPRECIATION DIFFERENCE 15,024</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XII, LINE 2D</ReturnReference>
        <Explanation>INCREASE IN TEMPORARILY RESTRICTED NET ASSETS 0</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XIII, LINE 4B</ReturnReference>
        <Explanation>BOOK / TAX DEPRECIATION DIFFERENCE 15,024</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc4">
      <RecordsMaintained>false</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>PAX MEANS PEACE</BusinessNameLine1>
          <BusinessNameLine2>PROGRAM OF ACADEMIC EXCHANGE</BusinessNameLine2>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>14 WILLETT AVENUE</AddressLine1>
          <City>PORT CHESTER</City>
          <State>NY</State>
          <ZIPCode>10573</ZIPCode>
        </AddressUS>
        <AmountOfCashGrant>7702</AmountOfCashGrant>
      </RecipientTable>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc5">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11</ReturnReference>
        <Explanation>A COPY OF THIS RETURN WILL BE REVIEWED BY MANAGEMENT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>BOARD OF DIRECTORS AND MANAGEMENT MUST DISCLOSE ACTIVITIES THAT MAY PRESENT A CONFLICT OF INTEREST ON AN ANNUAL BASIS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>COMPENSATION FOR THE PRESIDENT AND TOP LEVEL MANAGEMENT IS DETERMINED BIA COMPARATIVE STUDY BY REGION AND INDUSTRY AND IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>COMPENSATION OF OTHER MANAGEMENT OR KEY EMPLOYEES ARE DETERMINED BY COMPARATIVE ANALYSIS BY REGION AND INDUSTRY AND IS REVIEWED BY SENIOR MANAGEMENT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>DOCUMENTS ARE AVAILABLE UPON REQUEST AND MAY BE VIEWED THROUGH THE IRS WEBSITE OR GUIDESTAR.ORG.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>