2011-11-15T12:24:21-06:00 2010-12-31 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2010-01-01 202279217 NEXT TEN NEXT 4159570202 300 BRANNAN STREET NO 402 SAN FRANCISCO CA 94107 MARCIA PERRY 4159570202 2011-11-14 1 WENDY CAMPOS 5032421447 2010 2016-02-24 21:20:13Z F NOEL PERRY 300 BRANNAN STREET NO 402 SAN FRANCISCO CA 94107 1150180 0 X WWW.NEXTTEN.ORG X 2005 CA NEXT TEN IS AN INDEPENDENT NONPARTISAN ORGANIZATION THAT EDUCATES, ENGAGES, AND EMPOWERS CALIFORNIANS TO IMPROVE THE STATE'S FUTURE. 3 3 5 3 0 0 1400000 1105000 25000 45000 0 -2469 50 0 1425050 1147531 5000 0 0 0 353728 341429 0 0 0 1142266 947638 1500994 1289067 -75944 -141536 1335025 1183532 38431 28470 1296594 1155062 X NEXT TEN IS FOCUSED ON INNOVATION AND INTERSECTION BETWEEN THE ECONOMY, THE ENVIRONMENT, AND QUALITY OF LIFE ISSUES FOR ALL CALIFORNIANS. WE PROVIDE CRITICAL DATA TO HELP INFORM THE STATE'S EFFORTS TO GROW THE ECONOMY AND REDUCE GLOBAL WARMING EMISSIONS. NEXT TEN ENVISIONS AN EDUCATED AND ENGAGED ELECTORATE THAT MAKES INFORMED DECISIONS ABOUT AND PARTICIPATES ACTIVELY IN ISSUES IMPORTANT TO CALIFORNIA'S FUTURE. NEXT TEN WORKS TO ACHIEVE THIS VISION BY:- COMMISSIONING RESEARCH FROM LEADING EXPERTS ON COMPLEX STATE ISSUES.- CREATING AND COMMUNICATING HIGHLY ACCESSIBLE INFORMATION THROUGH A PORTFOLIO OF NONPARTISAN EDUCATIONAL MATERIALS.- EMPLOYING INNOVATIVE "OUT OF THE BOX" MEANS OF ENGAGEMENT TO ENSURE ALL CALIFORNIANS HAVE ACCESS TO THE POLITICAL PROCESS. 0 0 446828 0 CAP & TRADE: DESIGNING THE ALLOCATION PROCESS FOR CALIFORNIA'S GAS EMISSIONS TRADING PROGRAM: THE MULTI-BILLION DOLLAR QUESTION.NEXT TEN COMMISSIONED A SET OF FIVE RESEARCH PAPERS FROM LEADING ACADEMIC EXPERTS TO EXAMINE THE ECONOMIC IMPACTS OF THE DISTRIBUTION OF TRADABLE EMISSION PERMITS AND THE VARIOUS DISTRIBUTION APPROACHES FOR THE RESULTING REVENUE. THESE IMPORTANT DESIGN ISSUES WILL DECIDE BY WHOM AND HOW TENS OF BILLIONS OF DOLLARS WILL BE USED, BOTH OF WHICH WILL GREATLY INFLUENCE THE MARKET INCENTIVES OPERATING IN CALIFORNIA'S GREENHOUSE GAS EMISSIONS TRADING PROGRAM. 228500 0 GREEN INNOVATION INDEX: A REPORT BY NEXT TEN THAT ANALYZES KEY ECONOMIC AND ENVIRONMENTAL INDICATORS TO HELP US BETTER UNDERSTAND THE ROLE GREEN INNOVATION PLAYS IN REDUCING GREENHOUSE GAS EMISSIONS THAT CAUSE GLOBAL WARMING WHILE GROWING OUR ECONOMY. NEXT TEN'S CURRENT INTENTIONS ARE TO CONTINUE TO FOLLOW THESE INDICATORS OVER THE NEXT SEVERAL YEARS. THE UPDATED REPORT FOR 2010 WAS RELEASED ON OCTOBER 7, 2010. 173665 0 GREEN JOBS MONITOR: REPORT TITLE: 'MANY SHADES OF GREEN' IS A COMPANION REPORT TO THE 'CALIFORNIA GREEN INNOVATION INDEX' WHICH BUILDS ON THE GREEN BUSINESS ANALYSIS PUBLISHED IN THE INDEX SINCE 2008. THIS REPORT UNCOVERS NEW ECONOMIC GROWTH TAKING PLACE ACROSS THE STATE IN THE FORM OF BUSINESS AND JOB GENERATION. 224791 45000 OTHER PROGRAM SERVICES: CALIFORNIA BUDGET CHALLENGE, CALIFORNIA CHALLENGES, CBC LICENSING, AB32 ALLOWANCES & FEES WORKSHOP, CARBON CHALLENGE, CALIFORNIA CHOICES, AND COOLCALIFORNIA.ORG. 224791 45000 1073784 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X MARCIA PERRY 4159570202 300 BRANNAN STREET SUITE 402 SAN FRANCISCO CA 94107 F NOEL PERRY 30.00 X X 0 0 0 JOANNE ROWNING 1.00 X X 0 0 0 OLIVER CRARY 6.00 X X 0 0 0 MARCIA PERRY 40.00 X 106970 0 23683 106970 0 23683 1 0 0 0 COLLABORATIVE ECONOMICS 520 S EL CAMINO REAL SUITE 710 SAN MATEO CA 94402 ECONOMIC CONSULTING 153875 1 1105000 1105000 CBC LICENSE INCOME 900099 45000 45000 45000 180 2649 -2469 -2469 -2469 1147531 45000 0 -2469 130653 84612 46041 152892 98943 53949 7612 4863 2749 26298 17183 9115 23974 15575 8399 28030 23825 4205 44340 44340 601296 600286 1010 4786 4786 87693 79900 7793 19276 14845 4431 38744 23129 15615 15541 9936 5605 -2617 -2617 12380 6190 6190 PROJECT EXPENSES 92228 92228 0 5941 100 5841 1289067 1073784 215283 0 69381 49708 1200000 1100000 16000 81807 53226 36548 28581 13096 5243 1335025 1183532 38431 28470 38431 28470 X 1296594 1155062 1296594 1155062 1335025 1183532 X -141536 4 X 0 1 0 X 0 X 1575000 1750000 1900000 1400000 1105000 7730000 1575000 1750000 1900000 1400000 1105000 7730000 6117830 1612170 13500 44961 25050 45000 128511 7858511 128511 0.20510 X THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT NEXT TEN (THE TAXPAYER) IS NOT A PRIVATE FOUNDATION PURSUANT TO IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) PROVIDE THAT AN EXEMPT ORGANIZATION WILL BE CONSIDERED A PUBLICLY SUPPORTED CHARITY (I.E. NOT A PRIVATE FOUNDATION) AS LONG AS THE ORGANIZATION RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM DIRECT OR INDIRECT CONTRIBUTIONS FROM THE GENERAL PUBLIC. THE FOUNDATION MUST SUBMIT INFORMATION TO THE IRS ON AN ANNUAL BASIS (ON FORM 990) THAT ESTABLISHES THAT THE ORGANIZATION MEETS THE PUBLIC SUPPORT TEST UNDER IRC SECTION 170(B)(1)(A)(VI). TO THE EXTENT THAT THE TAXPAYER DOES NOT MEET THIS SUPPORT TEST, THE IRS MAY RECLASSIFY THE TAXPAYER AS A PRIVATE FOUNDATION AND ASSESS CERTAIN EXCISE TAXES FOR ALL YEARS SINCE INCEPTION.TO QUALIFY AS A NON PRIVATE FOUNDATION UNDER IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI), THE TAXPAYER MUST RECEIVE A SUBSTANTIAL PART OF ITS SUPPORT IN GIFTS, GRANTS AND CONTRIBUTIONS FROM THE GENERAL PUBLIC AND/OR A GOVERNMENTAL UNIT. A "SUBSTANTIAL PART OF ITS SUPPORT" IS MET IF AT LEAST 33 1/3% OF THE TOTAL SUPPORT NORMALLY RECEIVED BY THE ORGANIZATION COMES FROM GIFTS, GRANTS AND CONTRIBUTIONS. "NORMALLY" GENERALLY MEANS MEETING THIS REQUIREMENT FOR THE PRECEDING FIVE TAXABLE YEARS. CONTRIBUTIONS BY ANY PERSON (OTHER THAN A GOVERNMENTAL UNIT OR 170(B)(1)(A)(VI) ORGANIZATION) ARE TREATED AS "ALLOWABLE SUPPORT" FROM THE GENERAL PUBLIC ONLY TO THE EXTENT THAT THE CONTRIBUTIONS BY SUCH PERSONS DURING THE FIVE YEAR PERIOD DO NOT EXCEED TWO PERCENT OF THE ORGANIZATION'S TOTAL SUPPORT FOR SUCH FIVE YEAR PERIOD.GIFTS IN KIND ARE TREATED THE SAME AS CASH CONTRIBUTIONS FOR PURPOSES OF THE PUBLIC SUPPORT TEST. AN ORGANIZATION MAY EXCLUDE FROM ITS CALCULATION OF PUBLIC SUPPORT AMOUNTS THAT QUALIFY AS "UNUSUAL GRANTS". UNUSUAL GRANTS ARE DEFINED AS SUBSTANTIAL CONTRIBUTIONS OR BEQUESTS FROM DISINTERESTED PARTIES WHICH:* ARE ATTRACTED BY REASON OF THE PUBLICLY SUPPORTED NATURE OF THE ORGANIZATION;* ARE UNUSUAL OR UNEXPECTED WITH RESPECT TO THE AMOUNT THEREOF; AND * WOULD, BY REASON OF THEIR SIZE, ADVERSELY AFFECT THE STATUS OF THE ORGANIZATION AS NORMALLY BEING PUBLICLY SUPPORTED FOR THE APPLICABLE PERIOD.IF THE TAXPAYER DOES NOT MEET THE 33 1/3% PUBLIC SUPPORT TEST, IT MAY QUALIFY UNDER THE 10% PERCENT FACTS AND CIRCUMSTANCES TEST TO PREVENT IT FROM LOSING ITS PUBLIC CHARITY STATUS.AN ORGANIZATION WILL MEET THE 10% FACTS AND CIRCUMSTANCES TEST IF IT NORMALLY RECEIVES 10% OF ITS SUPPORT FROM GOVERNMENTAL UNITS AND THE GENERAL PUBLIC. FOR PURPOSES OF THIS TEST, THE TERMS "NORMALLY" AND "SUPPORT" HAVE BASICALLY THE SAME MEANING AS THEY HAVE IN THE 33 1/3% SUPPORT TEST. IN ADDITION, THE ORGANIZATION MUST SHOW THAT IT IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL PUBLIC AND GOVERNMENTAL SUPPORT. FINALLY, ALL PERTINENT FACTS AND CIRCUMSTANCES WILL BE TAKEN INTO CONSIDERATION IN DETERMINING IF THE ORGANIZATION IS PUBLICLY SUPPORTED. SUCH FACTORS INCLUDE THE DEGREE OF SUPPORT RECEIVED FROM PUBLIC OR GOVERNMENTAL UNITS, SOURCES OF SUPPORT, THE ORGANIZATION'S REPRESENTATIVE GOVERNING BODY AND THE AVAILABILITY OF PUBLIC SERVICES, FACILITIES OR PARTICIPATION IN PUBLIC PROGRAMS OR POLICIES.BASED ON OUR COMPUTATION OF THE PUBLIC CHARITY SUPPORT TEST (SEE SCHEDULE A, PART II, SECTION C, LINE 14) FOR THE FIVE YEARS ENDING DECEMBER 31, 2006 THROUGH DECEMBER 31, 2010, THE TAXPAYER FAILS THE MECHANICAL 33 1/3% PUBLIC SUPPORT TEST SINCE 20.51% OF ITS TOTAL SUPPORT COMES FROM GIFTS, GRANTS AND CONTRIBUTIONS.IT IS IMPORTANT TO NOTE, THE ORGANIZATION DOES QUALIFY AS A PUBLIC CHARITY UNDER THE 10% FACTS AND CIRCUMSTANCES TEST. THE TAXPAYER NORMALLY RECEIVES MORE THAN 10% OF ITS SUPPORT FROM THE GENERAL PUBLIC. IN ADDITION, THE FOLLOWING "FACTS AND CIRCUMSTANCE" REQUIREMENTS ESTABLISHING THAT IT SERVES BROAD-BASED PUBLIC INTERESTS HAVE BEEN SATISFIED [TREAS. REG. 1.170A-9(E)(3)].NEXT TEN SATISFIES THE FACTS-AND-CIRCUMSTANCES TEST OF TREASURY REGULATION SECTION 1.170A-9(F)(3) AND QUALIFIES AS PUBLICLY SUPPORTED UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE ON THE BASIS OF THE FOLLOWING:NEXT TEN NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM PUBLIC SOURCES. INDEED, NEXT TEN'S PUBLIC SUPPORT FOR THE CURRENT PERIOD IS 20.51%, SIGNIFICANTLY ABOVE THE MINIMUM REQUIREMENT OF 10% TO QUALIFY NEXT TEN FOR THE FACTS-AND-CIRCUMSTANCES TEST. NEXT TEN'S CURRENT LEVEL OF PUBLIC SUPPORT IS BELOW 33 1/3% (THE LEVEL AT WHICH NEXT TEN WOULD AUTOMATICALLY QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION UNDER TREASURE REGULATION SECTION 1.170A-9(F)(2)) ONLY BECAUSE NEXT TEN RECEIVED A SIGNIFICANT LEVEL OF FUNDING FROM A PRIVATE SOURCE DURING ITS STARTUP YEARS. IN 2009, NEXT TEN BEGAN TO RECEIVE PUBLIC SUPPORT FROM A PUBLIC-CHARITY SOURCE, AND IN 2010 NEXT TEN'S FUNDING CAME EXCLUSIVELY FROM A PUBLIC CHARITY. NEXT TEN ANTICIPATES THAT IT WILL RECEIVE THE SAME LEVEL OF PUBLIC SUPPORT IN 2011, AS A RESULT OF WHICH NEXT TEN IS EXPECTED TO REALIZE A PUBLIC SUPPORT PERCENTAGE OF OVER 33 1/3% FOR THE FIVE YEARS PRECEDING 2011. NEXT TEN'S BOARD OF DIRECTORS CONSISTS OF THREE DIRECTORS FROM DIVERSE PROFESSIONAL BACKGROUNDS WHO BRING SPECIAL EXPERTISE TO THE ORGANIZATION. NOEL PERRY, THE FOUNDER OF NEXT TEN, IS A VENTURE CAPITALIST AND SOCIAL ENTREPRENEUR. HE HAS FOCUSED ON EARLY-STAGE INVESTING IN EDUCATIONAL SOFTWARE, EDUCATIONAL TOYS, ORGANIC FOOD, HEALTH, AND OTHER CONSUMER PRODUCTS. JOANNE ROWNING WAS FORMERLY A PARTNER WITH THE ACCOUNTING FIRM OF MOSS ADAMS IN PORTLAND, OREGON, AND OLIVER CRARY, FROM SOUTHERN CALIFORNIA, HAS A BACKGROUND IN INVESTMENT ADVISORY SERVICES. IN ADDITION TO THEIR GENERAL FINANCIAL EXPERTISE, BOTH MS. ROWNING AND MR. CRARY BRING PARTICULAR EXPERIENCE IN WORKING WITH CLIENTS ENGAGED IN PHILANTHROPIC ACTIVITIES. NEXT TEN IS AN ORGANIZATION OF THE TYPE THAT GENERALLY PROVIDES SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS. NEXT TEN'S PRINCIPAL ACTIVITY HAS BEEN TO CREATE AND HOST THE ONLINE CALIFORNIA BUDGET CHALLENGE, A NONPARTISAN PUBLIC-EDUCATION TOOL THAT ALLOWS USERS TO COMPILE A CALIFORNIA STATE BUDGET BASED ON THEIR OWN VALUES VISIONS FOR THE STATE'S FUTURE. IN DOING SO, MEMBERS OF THE PUBLIC LEARN ABOUT POLICY CHOICES THAT CALIFORNIA LEGISLATORS FACE AND ABOUT HOW THE STATE BUDGET IS ASSEMBLED. IN ADDITION TO CREATING ONLINE EDUCATIONAL TOOLS, NEXT TEN HOLDS IN-PERSON WORKSHOPS THROUGHOUT CALIFORNIA TO EDUCATE MEMBERS OF THE PUBLIC ON STATE BUDGET ISSUES. FURTHERMORE, NEXT TEN PRODUCES THE ANNUAL CALIFORNIA GREEN INNOVATION INDEX, A REPORT THAT TRACKS CALIFORNIA'S POLICY AND TECHNOLOGY INNOVATIONS FROM YEAR TO YEAR, WITH RESULTING ECONOMIC AND ENVIRONMENTAL GAINS AND LOSSES. NEXT TEN MAKES THIS REPORT AVAILABLE TO THE GENERAL PUBLIC FREE OF CHARGE. NEXT TEN ALSO SPONSORS A HOST OF PUBLICATIONS ON ISSUES CONCERNING THE ENVIRONMENT IN CALIFORNIA, ALL OF WHICH ARE AVAILABLE TO THE PUBLIC FOR FREE ON NEXT TEN'S WEBSITE. ACCORDINGLY, THE FACTS AND CIRCUMSTANCES OF NEXT TEN'S SUPPORT, GOVERNANCE, AND ACTIVITIES DEMONSTRATE THAT IT QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME LICENSING FEES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 485 485 1288582 1289067 203907 50977 0 0 203907 203907 305861 485 485 50977 50977 76466 41458 26958 14500 40349 26268 14081 28581 1147531 1289067 -141536 4 4 -141532 1147536 5 5 1147531 0 1147531 1289067 0 1289067 0 1289067 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS BEEN GRANTED EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE AND FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) AND 23701(D). ON JANUARY 1, 2009, THE ORGANIZATION ADOPTED THE AUTHORITATIVE ACCOUNTING GUIDANCE WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS ADOPTION ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THE AUTHORITATIVE ACCOUNTING GUIDANCE DID NOT HAVE A MATERIAL EFFECT ON THE ORGANIZATION. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL INCOME TAX RETURNS FOR TAX YEARS 2007 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S CALIFORNIA INCOME TAX RETURNS OF THE TAX YEARS 2006 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE FRANCHISE TAX BOARD. THE ORGANIZATION DID NOT HAVE UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2010 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. IN CONNECTION WITH THIS ADOPTION, THE ORGANIZATION WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF DECEMBER 31, 2010, THE ORGANIZATION HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 4. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 5. FORM 990, PART VI, SECTION A, LINE 2 F. NOEL PERRY AND MARCIA PERRY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S OFFICERS AND STAFF WORK WITH LEGAL COUNSEL TO REVIEW FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NEXT TEN'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS AND OFFICERS. THE ORGANIZATION IS SUFFICIENTLY SMALL THAT INTERESTS THAT COULD GIVE RISE TO A CONFLICT ARE EXPECTED TO BE DISCLOSED AS THEY ARISE. UNDER THE POLICY, AN INTERESTED PERSON HAS A DUTY TO DISCLOSE ACTUAL OR POSSIBLE FINANCIAL INTERESTS IN ANY PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD OF DIRECTORS MAKES A DETERMINATION OF WHETHER ANY CONFLICTS EXIST, AND IF ONE DOES, THE BOARD REVIEWS THE TRANSACTION. ANY PERSONS WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN THE BOARD'S DELIBERATION AND DECISIONS IN THE TRANSACTION. WHILE THE BOARD REMAINS SMALL ENOUGH FOR THE ORGANIZATION TO IDENTIFY POTENTIAL CONFLICTS AS THEY ARISE, THE BOARD MAY REVISE THE CONFLICT OF INTEREST POLICY TO REQUIRE ANNUAL DISCLOSURE OF INTERESTS AND TO BROADEN THE POLICY TO INCLUDE KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 NEXT TEN MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE TO ALL INTERNAL STAKEHOLDERS, BUT THE ORGANIZATION DOES NOT MAKE THE POLICY AVAILABLE TO THE PUBLIC AS IT IS NOT LEGALLY REQUIRED TO DO SO. FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ROUNDING ADJUSTMENT 4. TOTAL TO FORM 990, PART XI, LINE 5: 4.