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      <GeneralExplanation>
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        <Explanation>HEATHER PETERSEN IS THE SISTER OF LISA JAMU AND WAS ELECTED BY THE BOARD MEMBERS FROM THE INCEPTION OF STEPPING STONES INTERNATIONAL TO BE THE CHAIRPERSON. SHE WILL BE LEAVING THE BOARD IN 2012 AS HER TENURE WILL BE DONE.</Explanation>
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      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 8B</Identifier>
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      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE BOARD OF DIRECTORS AND THE MANAGING DIRECTOR REVIEWS THE TAX RETURN.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE REVIEWS ARE NOT BY AN INDEPENDEPENT PERSON. THE BOARD OF DIRECTORS FOR STEPPING STONES INTERNATIONAL APPROVES THE EXECUTIVE DIRECTOR'S SALARY. ALL OTHER HIRES ARE REVIEWED BY THE OPERATIONS MANAGER, MANAGING DIRECTOR, AND PROGRAM MANAGER. THEY SUBMIT THEIR PREVIOUS EMPLOYER'S PAYSLIP AND THEY MUST FIT WITHIN THE SLIDING SALARY SCALE OF THE ORGANZATION DEPENDING ON EXPERIENCE AND EDUCATION LEVELS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>IF IT WAS REQUESTED, WE WOULD VERIFY WITH OUR LEGAL ADVISOR TO SEE WHICH INFORMATION IS PUBLIC DOMAIN SO AS TO NOT REVEAL ANY PROPRIETARY INFORMATION AND RELEASE THE INFORMATION AS ADVISED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>FOREIGN CURRENCY ADJUSTMENT 8,458. TOTAL TO FORM 990, PART XI, LINE 5: 8,458.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>