2022-02-23T12:09:55-06:00 2021-08-31 510232399 BELFINT LYONS & SHUMAN PA 1011 CENTRE RD STE 310 WILMINGTON DE 19805 990 2020-09-01 510066728 EASTER SEALS DELAWARE AND MARYLAND'S EASTERN SHORE INC EAST 3023244444 61 CORPORATE CIRCLE NEW CASTLE DE 197202405 PAMELA PATONE VP OF FINANCE/CFO 3023244444 2022-02-18 1 PAMELA PATONE 999009999 JONATHAN D MOLL CPA P01053700 3022250600 2022-02-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAMELA PATONE 61 CORPORATE CIRCLE NEW CASTLE DE 197202405 38609520 0 X WWW.EASTERSEALS.COM/DE X 1948 DE EASTER SEALS PROVIDES EXCEPTIONAL SERVICES THAT SUPPORT PEOPLE WITH DISABILITIES. 34 34 429 332 0 0 1561058 8025985 21028672 20732397 285562 1477553 78294 279340 22953586 30515275 101915 312141 0 0 18559677 16695518 0 0 623204 5842017 5705916 24503609 22713575 -1550023 7801700 44652942 48460088 8729737 2911775 35923205 45548313 X EASTER SEALS PROVIDES EXCEPTIONAL SERVICES TO ENSURE THAT ALL PEOPLE WITH DISABILITIES OR SPECIAL NEEDS AND THEIR FAMILIES HAVE EQUAL OPPORTUNITIES TO LIVE, LEARN, WORK AND PLAY IN THEIR COMMUNITIES. 0 0 5665237 3297117 ADULT & SENIOR SERVICES DAY PROGRAMS SERVE ADULTS WITH INTELLECTUAL AND PHYSICAL DISABILITIES WITH DOOR-TO-DOOR TRANSPORTATION, FACILITY-BASED AND COMMUNITY EXPERIENCE ACTIVITIES ENCOMPASSING CHOICES OF EDUCATIONAL, LEISURE AND THERAPEUTIC ACTIVITIES. DAY HEALTH SERVICES PROVIDED BY STAFF INCLUDING FULL-TIME NURSES ON A SHORT-TERM OR LONG-TERM BASIS. INDIVIDUAL PROGRAMS ARE DESIGNED ACCORDING TO THEIR PREFERENCES AND NEEDS. ALL DAY SERVICE OPTIONS PROVIDE A RESPITE FUNCTION TO FAMILIES AND CAREGIVERS, ALLOWING THEM TO WORK OR DO OTHER THINGS DURING PROGRAM HOURS. 508 PEOPLE WERE SERVED THROUGH THESE PROGRAMS. 4230823 10987035 PERSONAL ATTENDANT SERVICES HELPS SENIORS AND PEOPLE WITH PHYSICAL DISABILITIES TO REMAIN IN THEIR OWN HOMES, WITH ATTENDANT SUPPORT FOR ACTIVITIES SUCH AS PERSONAL HYGIENE, WHEN THE ABSENCE OF THIS MIGHT RESULT IN ADMISSION TO A NURSING FACILITY. THE INDIVIDUAL RECEIVING SERVICES IS THE EMPLOYER OF RECORD AND EASTER SEALS PROVIDES TRAINING AND TECHNICAL SUPPORT FOR PAYROLL, TAX, AND WORKER'S COMPENSATION COMPLIANCE. THE ATTENDANT IS OFTEN A TRUSTED FAMILY MEMBER OR FRIEND, AND THE PROGRAM IS OPERATED THROUGHOUT THE STATE OF DELAWARE. THERE WERE 5,106 PROGRAM PARTICPANTS AND CAREGIVERS DURING THE YEAR. 5574883 4023530 OUTPATIENT REHABILITATION THERAPY PROGRAMS UTILIZE PHYSICAL THERAPISTS,OCCUPATIONAL THERAPISTS, SPEECH-LANGUAGE PATHOLOGISTS WHO DEVELOP INDIVIDUALIZED TREATMENT PROGRAMS FOR PERSONS WITH A VARIETY OF ORTHOPEDIC AND NEUROLOGICAL DIAGNOSES, INCLUDING SPINAL CORD INJURY, BRAIN INJURY, STROKE, MULTIPLE SCLEROSIS, PARKINSON'S DISEASE, MUSCULOSKELETAL DISORDERS AND AUTISM. THE EARLY INTERVENTION PROGRAM SERVES CHILDREN FROM BIRTH TO 3 YEARS OF AGE DIAGNOSED WITH DEVELOPMENTAL DELAYS OR MEDICAL CONDITIONS. INDIVIDUALS RECEIVE TREATMENT FROM A TEAM OF PROFESSIONALS, INCLUDING PHYSICAL THERAPISTS, OCCUPATIONAL THERAPISTS, SPEECH-LANGUAGE PATHOLOGISTS AND EARLY CHILDHOOD EDUCATORS. APPLIED BEHAVIORAL ANALYSIS FOCUSES ON IMPROVING SPECIFIC BEHAVIORS,FUNCITONAL COMMUNICATION, SOCIAL SKILLS, INDEPENDENT LIVING SKILLS, AND ADAPTIVE LEARNING SKILLS. THE PROGRAM USES BOARD CERTIFIED BEHAVIOR ANALYSTS AND REGISTERED BEHAVIOR TECHNICIANS TO PROVIDE ASSESSMENT,TREATMENT PLANNING, PARENT EDUCATION, AND INTERVENTION TO CHILDREN WITH A MEDICAL DIAGNOSIS OF AUTISM AS A COMPLIMENT TO THE EARLY INTERVENTION PROGRAM. THESE SERVICES ARE TYPICALLY PROVIDED IN THE CHILD'S HOME OR DAYCARE, BUT MAY ALSO BE OFFERED AT EASTER SEALS FACILITIES LOCATED IN EACH COUNTY. 1,936 PEOPLE WERE SERVED THROUGH THIS PROGRAM. 2872792 1680130 JOB TRAINING & EMPLOYMENT PROGRAM ALLOWS ADULTS WITH INTELLECTUAL DISABILITIES TO PURSUE INDIVIDUAL OR GROUP EMPLOYMENT. EASTER SEALS WORKS TO FIND A COMPETITIVE JOB MATCH AND PROVIDE COACHING UNTIL DAILY SUPPORT CAN BE PROVIDED BY THE EMPLOYER. GROUP EMPLOYMENT ALLOWS PEOPLE TO WORK UNDER ONGOING SUPERVISION WHILE PERFORMING CONTRACT WORK IN COMMUNITY BUSINESSES. IN BOTH INSTANCES, EASTER SEALS' STAFF PROVIDES ONGOING SUPPORT FOR LONG-TERM JOB RETENTION. 210 PEOPLE WERE SERVED THROUGH THIS PROGRAM. 1403091 494780 RECREATION & RESPITE PROGRAM GIVES CAREGIVERS A BREAK FROM THE RESPONSIBILITIES OF CONTINUOUS CARE. THE STAFF AT CAMP FAIRLEE IS TRAINED TO OFFER CARE OF PERSONS WITH DISABILITIES, WITH NURSES AND MEDICAL CARE AVAILABLE. SITUATED IN CHESTERTOWN, MD, CAMP FAIRLEE FEATURES A HOST OF EDUCATIONAL, SOCIAL, AND RECREATIONAL ACTIVITIES. RESPITE IS AVAILABLE FOR CHILDREN AGES 6 AND OLDER, THROUGH ADULTHOOD. 159 PEOPLE WERE SERVED THROUGH THIS PROGRAM. 571816 312141 421755 COMMUNITY OUTREACH PROVIDES SERVICES AND RESOURCES FOR PEOPLE WITH DISABILITIES OR AGING CONDITIONS, AND THEIR CAREGIVERS. THE PROGRAM PROVIDES CASE MANAGEMENT FOR PARTICIPANTS AND THEIR CAREGIVERS TO ASSIST WITH BENEFITS ENROLLMENT, DETERMINING CARE OPTIONS AND CONNECTING WITH APPROPRIATE SERVICES. OTHER SERVICES INCLUDE FUNDING FOR RESPITE CARE FOR PERSONS WITH DISABILITIES, ASSISTING INDIVIDUALS WITH MONEY MANAGEMENT AND PROVIDING ACCESS TO LOW INTEREST LOANS TO PURCHASE ASSISTIVE TECHNOLOGY EQUIPMENT NECESSARY TO SUSTAIN EMPLOYMENT OR TO LIVE INDEPENDENTLY. 1,033 PEOPLE WERE SERVED THROUGH THIS PROGRAM. 4847699 312141 2596665 20318642 1 1 0 1 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 1 47 0 1 429 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X X PAMELA PATONE 3022212034 61 CORPORATE CIRCLE NEW CASTLE DE 197202405 GARY W SPITZER MEMBER 1.00 X 0 0 0 JOSEPH A GUARIANO CHAIR 1.00 X X 0 0 0 KEITH KEPPLINGER VICE CHAIR 1.00 X X 0 0 0 AMY M WALLS SECRETARY 1.00 X X 0 0 0 PIERRE A ANDERSON TREASURER 1.00 X X 0 0 0 DAVID C DOANE MEMBER 1.00 X 0 0 0 DAVID DOUGHERTY MEMBER 1.00 X 0 0 0 ROBERT JA FRASER MEMBER 1.00 X 0 0 0 DAVID GOODMAN MEMBER 1.00 X 0 0 0 JEFFREY GOSNEAR MEMBER 1.00 X 0 0 0 MARK L GRANGER MEMBER 1.00 X 0 0 0 JULIE GRILLIOT MEMBER 1.00 X 0 0 0 KATHY MATT MEMBER 1.00 X 0 0 0 ROGER HARRELL MEMBER 1.00 X 0 0 0 ROGER KIRTLEY MEMBER 1.00 X 0 0 0 JENNIFER MATHEWS MEMBER 1.00 X 0 0 0 CYNTHIA MORGAN MEMBER 1.00 X 0 0 0 SKIP PENNELLA MEMBER 1.00 X 0 0 0 JOHN RILEY MEMBER 1.00 X 0 0 0 PENNY SARIDAKIS MEMBER 1.00 X 0 0 0 JOAN L SHARP MEMBER 1.00 X 0 0 0 SUSAN M STINSON MEMBER 1.00 X 0 0 0 MICHAEL J TRETINA MEMBER 1.00 X 0 0 0 MINDI MOORE TUNNELL MEMBER 1.00 X 0 0 0 MARY JANE WILLIS MEMBER 1.00 X 0 0 0 THOMAS D WREN MEMBER 1.00 X 0 0 0 CHARMAINE S WRIGHT MEMBER 1.00 X 0 0 0 THOMAS L CORRIGAN MEMBER 1.00 X 0 0 0 PAULA HILL MEMBER 1.00 X 0 0 0 CHRISTINE SAUERS MEMBER 1.00 X 0 0 0 H HUGH DAWKINS JR MEMBER 1.00 X 0 0 0 NISHA LODHAVIA MEMBER 1.00 X 0 0 0 THOMAS MOORE MEMBER 1.00 X 0 0 0 NIKKIA SQUIRES MEMBER 1.00 X 0 0 0 PAM PATONE VP OF FINANCE/CFO (BEG. JUNE '21) 40.00 X 0 0 0 PAM REUTHER CHIEF OPERATING OFFICER 40.00 X 182651 0 17231 KEN SKLENAR PRESIDENT/CEO 40.00 X 215020 0 33716 SAM WINDER VP OF FINANCE (THROUGH APRIL '21) 40.00 X 139528 0 14863 MICHELLE BLANKENSHIP VP OF PROGRAMS - OUTPATIEN 40.00 X 124488 0 20709 VERNA HENSLEY VP OF PUBLIC AFFAIRS 40.00 X 148920 0 15972 MANUEL ARENCIBIA VP OF DEVELOPMENT 40.00 X 157819 0 30704 VIRGINIA NOBLES VP OF HUMAN RESOURCES 40.00 X 144747 0 26647 EUGENE A AUCOTT VP OF BUSINESS DEVELOPMENT 40.00 X 118505 0 15972 1231678 0 175814 11 0 1 0 DART FIRST STATE 900 PUBLIC SAFETY BLVD DOVER DE 19901 TRANSPORTATION 264110 EAST COAST PLUMBING AND HVAC 26 BROOKHILL DR NEWARK DE 19702 CONTRACTOR 246180 COMPHEALTH MEDICAL STAFFING 1455 10 NORDEN PL NORWALK CT 06855 NURSING 105355 3 13086 161041 7130162 721696 14552 8025985 PERSONAL ATTENDANT SERVICE REVENU 624100 10987035 10987035 GOVERNMENT PROGRAM SERVICE REVENU 624100 8129029 8129029 OTHER PROGRAM SERVICE REVENUE 812900 1616333 1616333 20732397 214277 214277 17904 0 17904 17904 17904 9282797 39620 8059141 0 1223656 39620 1263276 1263276 124591 161041 35104 89487 89487 MISCELLANEOUS 812900 171949 171949 171949 30515275 20922250 0 1567040 312141 312141 585732 521302 41001 23429 12215899 10814551 1035525 365823 342785 289639 35667 17479 2559018 2334398 158564 66056 992084 895196 69892 26996 30977 30977 358114 242730 75384 40000 1035938 869345 152244 14349 327771 303709 16142 7920 1412568 1376776 28010 7782 371133 365528 4987 618 4963 4182 682 99 42115 41453 338 324 80062 80062 1113608 1099552 8043 6013 59551 56505 2232 814 RENTAL AND MAINTENANCE 678621 546525 101046 31050 BAD DEBT EXPENSE 113635 113635 MEMBERSHIP AND SUPPORT 35260 29224 6036 TRAINING AND STAFF DEVE 27193 22189 4959 45 14407 14407 22713575 20318642 1771729 623204 4808999 2188024 312340 507978 6499501 11754682 124032 84478 34298034 12717647 22257612 21580387 10203156 11783992 285802 395945 161500 136000 0 28602 44652942 48460088 771682 743353 46762 109413 2840572 752948 1254538 1148139 3816183 157922 8729737 2911775 X 32694273 40219657 3228932 5328656 35923205 45548313 44652942 48460088 X 7801700 344957 1455261 23190 X X 0 1 X 1 0 X 1836343 1185894 1538628 1560058 8025985 14146908 1836343 1185894 1538628 1560058 8025985 14146908 44424 14102484 173990 184463 336988 222177 214277 1131895 15278803 231487512 0.92300 0.79150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 33131 0 0 33131 0 SUPPLEMENTAL INFORMATION FOR SCHEDULE C A PORTION OF THE JOB RESPONSIBILITIES OF THE VICE-PRESIDENT OF PUBLIC AFFAIRS (20%) AND DIRECTOR OF MARKETING AND MARYLAND PUBLIC AFFAIRS (20%) AT EASTER SEALS DELAWARE & MARYLAND'S EASTERN SHORE IS TO IDENTIFY KEY GOVERNMENT-RELATED ISSUES THAT IMPACT EASTER SEALS ON A LOCAL, STATE, AND NATIONAL LEVEL AND PREPARE AND PRESENT CASE STATEMENTS ON ISSUES OF IMPORTANCE TO ELECTED OFFICIALS AND THEIR STAFF. 0 1 X 9035872 20891 1532286 0 22732 10566317 8402513 27200 645967 13298 26510 9035872 8586196 23532 189558 371665 25118 8402513 8585894 21726 563773 559435 25762 8586196 8427037 34607 788990 639316 25424 8585894 0.74800 0.00700 0.24500 1 0 2055638 2055638 28068896 9192256 18876640 221313 146944 74369 3923932 3378447 545485 28255 28255 21580387 CAPITAL LEASES PAYABLE 135167 FAIR VALUE OF INTEREST RATE SWAP 22755 157922 X 30857445 344957 5000 23190 373147 30484298 30977 30977 30515275 22687598 5000 5000 22682598 30977 30977 22713575 PART IV, LINE 2B: AMOUNTS INCLUDED IN RESTRICTED CASH FOR PAS PROGRAM REPRESENT FUNDS RECEIVED FOR FUTURE FULFILLMENT OF CERTAIN EMPLOYMENT TAX OBLIGATIONS RELATED TO THE PROGRAM. THESE AMOUNTS ARE NOT AVAILABLE FOR USE IN GENERAL OPERATIONS. PART V, LINE 4: ENDOWMENT FUNDS CONSIST OF BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED FOR SPECIFIC PURPOSES BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS AND SUPPORT THE ORGANIZATION'S MISSION. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740 (FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES). UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE TAX IMPACT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY TAX BENEFITS OR LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP 23,190. ANNUAL DINNER 124591 124591 9912 VOLLEYBALL 108075 108075 22252 2 52966 52966 2940 285632 161041 124591 35104 35104 89487 1 COMMUNITY OUTREACH VOUCHER PASS-THROUGH PROGRAM 1033 312141 PART I, LINE 2: EASTERSEALS DELAWARE & MARYLAND'S EASTERN SHORE'S OFFERS RESPITE GRANTS TO FAMILIES WHO ARE CARING FOR A CHILD UNDER 18 WITH MENTAL OR BEHAVIORAL HEALTH ISSUES. EASTERSEALS ALSO OFFERS GRANTS TO SUPPORT FAMILY CAREGIVERS PROVIDING UNPAID CARE TO A PERSON OF ANY AGE OR DISABILITY THROUGH EASTERSEALS LIFESPAN RESPITE PROGRAM. EASTERSEALS RELATIVE RESPITE PROGRAM IS DESIGNED TO SUPPORT GRANDPARENTS OR OTHER RELATIVES WHO ARE RAISING CHILDREN BECAUSE THE PARENT IS NO LONGER ABLE TO DO SO. THIS PROGRAM IS OFFERED TO THOSE WHO ARE 55 OR OLDER AND RAISING CHILDREN WHO ARE UNDER 18. ALL APPLICATIONS ARE PROCESSED IN THE ORDER IN WHICH THEY ARE RECEIVED UNTIL FUNDING IS FULLY OBLIGATED. APPLICATIONS ARE REVIEWED BY OUR APPLICATION REVIEW COMMITTEE . X X X 0 0 0 0 0 0 0 0 0 KEN SKLENAR PRESIDENT/CEO 215020 0 0 0 0 0 10955 0 22761 0 248736 0 0 0 PAM REUTHER CHIEF OPERATING OFFICER 182651 0 0 0 0 0 8332 0 8899 0 199882 0 0 0 MANUEL ARENCIBIA VP OF DEVELOPMENT 157819 0 0 0 0 0 7943 0 22761 0 188523 0 0 0 VIRGINIA NOBLES VP OF HUMAN RESOURCES 144747 0 0 0 0 0 7199 0 19448 0 171394 0 0 0 VERNA HENSLEY VP OF PUBLIC AFFAIRS 148920 0 0 0 0 0 7073 0 8899 0 164892 0 0 0 SAM WINDER VP OF FINANCE (THROUGH APRIL '21) 139528 0 0 0 0 0 6871 0 7992 0 154391 0 0 0 FORM 990, PART I, LINES 9 AND 13 (PRIOR YEAR) ; THE ORGANIZATION DETERMINED THAT A CHANGE TO ITS ACCOUNTING POLICY FOR THE PERSONAL ATTENDANT SERVICE (PAS) PROGRAM WAS NECESSARY TO IMPROVE THE PRESENTATION OF ITS FINANCIAL POSITION AND RESULTS OF OPERATIONS. ACCORDING TO FASB ASC 958-605, TRANSFER OF ASSETS TO A NOT-FOR-PROFIT ENTITY THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS, A RECIPIENT ENTITY HAS DISCRETION SUFFICIENT TO RECOGNIZE A CONTRIBUTION IF IT CAN CHOOSE THE BENEFICIARIES OF THE ASSETS. A RECIPIENT ENTITY THAT ACCEPTS ASSETS FROM A DONOR AND AGREES TO USE THOSE ASSETS ON BEHALF OF A SPECIFIED BENEFICIARY IS AN AGENT AND NOT A DONEE. ELIGIBLE PARTICIPANTS ARE DETERMINED BY DSAAPD AND THE MCOS AND REFERRED TO THE ORGANIZATION AS FISCAL INTERMEDIARY FOR COORDINATION OF BENEFITS. AS A FISCAL INTERMEDIARY, THE ORGANIZATION HAS NO DISCRETION OVER THE BENEFICIARIES OF THE FUNDS AND IS OBLIGATED TO COORDINATE BENEFITS FOR ALL REFERRALS RECEIVED. THE REIMBURSEMENT RATE INCLUDES AMOUNTS RETAINED BY THE ORGANIZATION AND NOT PASSED THROUGH FOR THE BENEFIT OF PROGRAM PARTICIPANTS, HOWEVER, THE AMOUNTS PASSED THROUGH FOR SALARY AND RELATED PAYROLL EXPENSES REPRESENT AGENCY TRANSACTIONS IN ACCORDANCE WITH THE GUIDANCE OF FASB-ASC 958-605. THE RETROACTIVE ADJUSTMENTS ASSOCIATED WITH THE PAS PROGRAM ADJUST REVENUE TO THE NET AMOUNTS RETAINED BY THE ORGANIZATION, REMOVE EXPENSES ASSOCIATED WITH PARTICIPANT BENEFITS PASSED-THROUGH, AND CONSOLIDATE THE IMPACT ON THE STATEMENTS OF FINANCIAL POSITION TO PRESENT A NET LIABILITY ONLY FOR AMOUNTS HELD ON BEHALF OF THE PROGRAM PARTICIPANTS. THIS ADJUSTMENT HAD NO IMPACT ON PREVIOUSLY REPORTED TOTAL NET ASSETS OR CHANGE IN NET ASSETS. PRIOR YEAR PROGRAM SERVICE REVENUE AND GRANTS PAID HAVE BEEN REDUCED BY $37,240,106. RESTATEMENT OF THE PRIOR YEAR BALANCES ON THE FORM 990 WAS NECESSARY TO MAINTAIN THE COMPARABILITY OF BALANCES REPORTED ON THE FORM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SUBMITTED TO AND REVIEWED BY THE AUDIT COMMITTEE AND BOARD OF DIRECTORS . FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND MANAGERS REVIEW AND SIGN FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS REVIEWS AND DECIDES CEO COMPENSATION. CEO REVIEWS AND DECIDES KEY MANAGERS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 23,190. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS OR INDEPENDENT ACCOUNTANT SELECTION PROCESS. FORM 990 PART XI, LINE 8 THE ORGANIZATION HAD BEEN A PARTNER WITH THE STATE OF DELAWARE, DEPARTMENT OF LABOR, DIVISION OF VOCATIONAL REHABILITATION (DVR) TO ADMINISTER THE DELAWARE ASSISTIVE TECHNOLOGY AND THE DELAWARE TELE-WORK LOAN PROGRAMS (AT PROGRAM). FUNDS RECEIVED BY DVR TO ADMINISTER THE AT PROGRAM WERE PLACED IN A LOW-RISK INVESTMENT FUND. THE ORGANIZATION'S ACCOUNTING POLICY AT THE COMMENCEMENT OF THE AT PROGRAM DETERMINED DVR, AS THE GRANTEE, WAS RESPONSIBLE FOR PROGRAM COMPLIANCE, AND THAT THE ORGANIZATION'S ROLE WAS AS CUSTODIAN/AGENT. ACCORDINGLY, THE ORGANIZATION'S ORIGINAL POLICY WAS TO ACCOUNT FOR THE AT PROGRAM FUNDS IN AN AGENCY CAPACITY WITH AMOUNTS REPORTED AS INVESTED ASSETS AND A CORRESPONDING AGENCY LIABILITY. UNDER THE INITIAL ACCOUNTING POLICY, THERE WERE NO IMPACTS ON REVENUES AND EXPENSES ASSOCIATED WITH THE ORGANIZATION'S PARTICIPATION WITH THE AT PROGRAM AND THE AT PROGRAM'S ASSETS WERE NOT REFLECTED IN THE ORGANIZATION'S NET ASSETS. THE ORGANIZATION DISCOVERED DURING THE YEAR ENDED AUGUST 31, 2021, THAT DVR IS NO LONGER A PARTICIPANT IN THE AT PROGRAM. AS A RESULT, THE ORGANIZATION DOES NOT THINK CONTINUING TO PRESENT THE AT PROGRAM ASSETS AND ACTIVITY IN AN AGENCY CAPACITY IS APPROPRIATE. THE RETROACTIVE ADJUSTMENTS ASSOCIATED WITH THE AT PROGRAM INCREASE THE ORGANIZATION'S NET ASSETS FOR THE EFFECT OF THE AT PROGRAM'S INVESTMENTS RETAINED BY THE ORGANIZATION.