2022-11-11T11:03:49-06:00 2022-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2021-07-01 590861374 PINE CREST PREPARATORY SCHOOL INC PINE 9544924100 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 NANCY N GREENE CFO/VP OF FINANCE AND OPERATIONS 9544924100 2022-11-09 1 NANCY GREENE 999009999 MATTHEW PETROSKI P00853132 9257902600 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NANCY N GREENE 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 118956162 0 X WWW.PINECREST.EDU X 1989 FL (SEE SCHEDULE O)TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; TO PREPARE OUR STUDENTS TO MEET THE GLOBAL CHALLENGES OF OUR FUTURE BY OFFERING AN EXCEPTIONAL ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLENCE IN ARTS AND ATHLETICS; AND TO BUILD A COLLABORATIVE, INCLUSIVE, AND OPEN-MINDED LEARNING COMMUNITY THAT RESPECTS, APPRECIATES, AND ENCOURAGES THOSE WITH DIVERSE CULTURES, BACKGROUNDS, TALENTS, EXPERIENCES, AND OPINIONS. 21 21 796 36 3408 0 12171091 5941288 90887076 97729599 3631673 12985138 752483 376581 107442323 117032606 10163634 10464216 0 0 47818982 49487929 0 0 1796505 31041255 34413627 89023871 94365772 18418452 22666834 324574141 333237666 162397842 161517263 162176299 171720403 X (SEE SCHEDULE O)TO DEVELOP THE CHARACTER, INDEPENDENCE, AND LEADERSHIP OF EACH STUDENT; TO PREPARE OUR STUDENTS TO MEET THE GLOBAL CHALLENGES OF OUR FUTURE BY OFFERING AN EXCEPTIONAL ACADEMIC EXPERIENCE COMPLEMENTED BY EXCELLENCE IN ARTS AND ATHLETICS; AND TO BUILD A COLLABORATIVE, INCLUSIVE, AND OPEN-MINDED LEARNING COMMUNITY THAT RESPECTS, APPRECIATES, AND ENCOURAGES THOSE WITH DIVERSE CULTURES, BACKGROUNDS, TALENTS, EXPERIENCES, AND OPINIONS. 0 0 77194146 10464216 95977621 PINE CREST OFFERS A COLLEGE PREPARATORY ACADEMIC CURRICULUM ALONG WITH RELATED ACTIVITIES FOR GRADES PRE-K - 12TH AT FORT LAUDERDALE CAMPUS AND PRE-K - 8TH AT BOCA RATON CAMPUS WITH APPROXIMATELY 2,690 STUDENTS. 776139 1751978 SUMMER CAMPS OFFER A VARIETY OF WATER SPORTS AND OTHER ATHLETIC ACTIVITIES WITH CRAFTS, FINE ARTS, AND OTHER SUMMER CAMP ACTIVITIES. 77970285 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 181 0 1 796 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 21 21 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X NANCY N GREENE 9544924100 1501 NE 62ND STREET FORT LAUDERDALE FL 33334 MICHELE STOCKER PAST CHAIR 2.00 X 0 0 0 SUZANNE SANDOW CHAIR 2.00 X 0 0 0 JAY SCHWEDELSON VICE CHAIR 2.00 X 0 0 0 BRIAN BERNICK DIRECTOR 2.00 X 0 0 0 KEVIN BOOTHE TRUSTEE (START 05/22) 2.00 X 0 0 0 SHEILA CARNICELLI DIRECTOR (LEFT 05/22) 2.00 X 0 0 0 ARCHANA CHAWLA DIRECTOR 2.00 X 0 0 0 HEATHER EDWARDS DIRECTOR 2.00 X 0 0 0 KEVIN FERRO DIRECTOR 2.00 X 0 0 0 JON HAGE DIRECTOR 2.00 X 0 0 0 RONALD HALIGMAN DIRECTOR 2.00 X 0 0 0 HAMID HASHEMI DIRECTOR (LEFT 05/22) 2.00 X 0 0 0 TIM INGHAM DIRECTOR 2.00 X 0 0 0 JOANNE JULIEN TRUSTEE (START 05/22) 2.00 X 0 0 0 DAVID KANTOR DIRECTOR 2.00 X 0 0 0 DAVID KIRSCHNER TRUSTEE (START 05/22) 2.00 X 0 0 0 BARBARA LANDRY DIRECTOR 2.00 X 0 0 0 GEORGE LEMIEUX DIRECTOR 2.00 X 0 0 0 ASHLEY PALMER LINDSAY DIRECTOR 2.00 X 0 0 0 XIAOYI ALICIA MA DIRECTOR 2.00 X 0 0 0 MARK MALIS DIRECTOR 2.00 X 0 0 0 EVAN PACKER DIRECTOR (LEFT 05/22) 2.00 X 0 0 0 TODD ROSENBERG DIRECTOR 2.00 X 0 0 0 RICHARD SASSO DIRECTOR 2.00 X 0 0 0 RANDI STANLEY DIRECTOR 2.00 X 0 0 0 DR DANA MARKHAM PRESIDENT 40.00 X 1048913 0 34632 NANCY GREENE VICE PRESIDENT OF FINANCE/OPERATIONS 40.00 X 377157 0 30668 MEAGAN OBST CORPORATE SECRETARY 40.00 X 80117 0 46478 DAVID CLARK HEAD OF SCHOOL - BOCA RATON 40.00 X 217676 0 21700 MELANIE CONNORS VICE PRESIDENT OF ADMISSION 40.00 X 220655 0 62343 JOSEPH MARKHAM EXEC DIR OF SECURITY AND SUPPORT 40.00 X 218162 0 46514 SUSAN PEIRCE VICE PRESIDENT OF ADVANCEMENT 40.00 X 238180 0 23929 ANITA TYCHSEN VICE PRESIDENT OF ACADEMICS 40.00 X 176231 0 18909 WHITNEY WALTERS-SACHS VP, SCHOOL AND LEGAL AFFAIRS 40.00 X 273716 0 64368 JOSEPH WALTERS DIVISION HEAD - UPPER SCHOOL 40.00 X 186478 0 60132 MARCIA HUNT DEAN OF COLLEGE AND ACADEMIC ADVISING 40.00 X 216012 0 24077 JEFFRY JOHNSON ATHLETIC DIRECTOR 40.00 X 178459 0 54415 AMY VARO-HAUB DIVISION HEAD - MIDDLE SCHOOL 40.00 X 157378 0 60851 ALISA KARTEN ASSOCIATE VP OF ADVANCEMENT 40.00 X 147557 0 20004 3736691 0 569020 58 0 1 0 FLIK PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 4988775 THORNTON CONSTRUCTION COMPANY INC 13290 NORTHWEST 42 AVENUE OPALOCKA FL 33054 CONSTRUCTION SERVICES 2429120 EZ FACTORING LLC 701 BRICKELL AVENUE MIAMI FL 33131 CLEANING SERVICES 1539600 KMJ LAWN & LANDSCAPE INC 631 SE 8TH AVENUE POMPANO BEACH FL 33060 GROUNDS MAINTENANCE 1437111 OHL BUILDING INC 9675 NORTHWEST 117TH AVENUE MIAMI FL 33178 CONSTRUCTION SERVICES 1381558 45 5941288 148427 5941288 TUITION 611710 95943329 95943329 SUMMER PROGRAMS 713990 1751978 1751978 OTHER PROGRAM SERVICE 611710 34292 34292 97729599 10725753 3408 10722345 4172940 10001 1923556 0 2249384 10001 2259385 2259385 OTHER INCOME 900099 376581 376581 376581 117032606 97729599 3408 13358311 10464216 10464216 3104890 353997 2343483 407410 37769556 31678119 5246473 844964 2575607 2140810 365438 69359 3181287 2546959 555744 78584 2856589 2250706 519328 86555 56767 56767 115975 18350 97625 453529 453529 117552 117552 185771 98665 48225 38881 1760519 509148 1223166 28205 8058380 6975153 1023025 60202 174742 174742 145531 102917 38974 3640 1726642 1726642 7274201 6035405 1168964 69832 2314248 1920131 371900 22217 FOOD SERVICE 4908465 4908465 ACADEMIC EXPENSES 4521870 4521870 SECURITY 1266092 1051452 204111 10529 AUXILIARY PROGRAM 301619 301619 1031724 190919 764678 76127 94365772 77970285 14598982 1796505 991014 8516205 55741840 61947599 8919743 8928337 43757655 43738286 377577 479959 2584241 2991147 214990137 98986185 112777781 116003952 84879094 69604182 11671268 16243634 2873928 4784365 324574141 333237666 6195872 5596698 89874797 91872605 56591919 60740344 9735254 3307616 162397842 161517263 X 111833647 124224463 50342652 47495940 162176299 171720403 324574141 333237666 X 22666834 -22107586 8984856 X X 0 1 X 1 0 X 3164763 3763957 4870506 11159717 5941288 28900231 3164763 3763957 4870506 11159717 5941288 28900231 2346165 26554066 2026371 919507 2660596 2911662 10725753 19243889 515142 752483 376581 1644206 49788326 455112208 0.53330 0.61550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 97145690 2205571 -9305259 3719410 86326592 80202210 324674 19763124 3144318 97145690 81960854 188475 975063 2922182 80202210 80137204 138624 4007300 2322274 81960854 66173877 12103209 3580189 1720071 80137204 0.60650 0.39350 0.00000 0 0 1693403 1693403 176571450 79890441 96681009 6646310 2940067 3706243 22657880 16155677 6502203 7421094 7421094 116003952 OTHER LIABILITIES 3307616 3307616 X 96609686 -22107586 2138195 -19969391 116579077 453529 453529 117032606 87065582 0 87065582 453529 6846661 7300190 94365772 PART III, LINE 4: THE SCHOOL MAINTAINS PAINTINGS AND A SHELL COLLECTION. DISPLAY OF THESE DONATED COLLECTIONS ENHANCES STUDENT LEARNING AND ART APPRECIATION WHILE PRESERVING THEM FOR FUTURE GENERATIONS OF STUDENTS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF OVER 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS UNRESTRICTED ENDOWMENT. EACH FUND WAS ESTABLISHED TO SUPPORT AN ESSENTIAL EDUCATIONAL FUNCTION OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST SWAP AGREEMENT 10,005,844. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -1,011,374. CHANGE IN VALUE OF INTEREST TRUST AGREEMENT -9,614. FINANCIAL AID -6,846,661. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,846,661. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL MAKES ITS RACIALLY NONDISCRIMINATORY POLICY AVAILABLE TO THE PUBLIC VIA ITS WEBSITE, VARIOUS NEWSPAPERS AND CATALOGS. 1 0 0 FINANCIAL AID TO STUDENTS 375 6846661 FMV DIRECT CREDIT TO STUDENT ACCOUNT TUITION REMISSION 188 3617555 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: THE SCHOOL HAS A FINANCIAL AID COMMITTEE THAT OVERSEES AND MONITORS THE NEED-BASED AWARD PROCESS IN CONJUNCTION WITH AN OUTSOURCED PROFESSIONAL FILE EVALUATOR. X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 DR DANA MARKHAM PRESIDENT 565011 0 341258 0 142644 0 23200 0 11432 0 1083545 0 0 0 NANCY GREENE VICE PRESIDENT OF FINANCE/OPERATIONS 302707 0 48774 0 25676 0 20602 0 10066 0 407825 0 0 0 WHITNEY WALTERS-SACHS VP, SCHOOL AND LEGAL AFFAIRS 247436 0 26265 0 15 0 17599 0 46769 0 338084 0 0 0 MELANIE CONNORS VICE PRESIDENT OF ADMISSION 198272 0 8833 0 13550 0 13753 0 48590 0 282998 0 0 0 JOSEPH MARKHAM EXEC DIR OF SECURITY AND SUPPORT 185354 0 26333 0 6475 0 12476 0 34038 0 264676 0 0 0 SUSAN PEIRCE VICE PRESIDENT OF ADVANCEMENT 225593 0 11333 0 1254 0 15106 0 8823 0 262109 0 0 0 JOSEPH WALTERS DIVISION HEAD - UPPER SCHOOL 174955 0 11333 0 190 0 11914 0 48218 0 246610 0 0 0 MARCIA HUNT DEAN OF COLLEGE AND ACADEMIC ADVISIN 203418 0 11333 0 1261 0 14118 0 9959 0 240089 0 0 0 DAVID CLARK HEAD OF SCHOOL - BOCA RATON 187630 0 11846 0 18200 0 13572 0 8128 0 239376 0 0 0 JEFFRY JOHNSON ATHLETIC DIRECTOR 157021 0 21333 0 105 0 11533 0 42882 0 232874 0 0 0 AMY VARO-HAUB DIVISION HEAD - MIDDLE SCHOOL 137887 0 11333 0 8158 0 9194 0 51657 0 218229 0 0 0 ANITA TYCHSEN VICE PRESIDENT OF ACADEMICS 174081 0 1333 0 817 0 11660 0 7249 0 195140 0 0 0 ALISA KARTEN ASSOCIATE VP OF ADVANCEMENT 140833 0 6333 0 391 0 10000 0 10004 0 167561 0 0 0 PART I, LINE 1A JOSEPH MARKHAM AND JEFFRY JOHNSON RECEIVED NONTAXABLE HOUSING BENEFITS OF $26,050 AND $18,250 RESPECTIVELY FOR ON-CAMPUS HOUSING WHERE THEY ARE REQUIRED TO LIVE AS A CONDITION OF THEIR EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL. THESE AMOUNTS ARE INCLUDED IN NONTAXABLE BENEFITS SHOWN ON PART II, COLUMN (D). THE FOLLOWING EMPLOYEES RECEIVED TAXABLE HOUSING FRINGE BENEFITS, WHICH ARE INCLUDED IN THEIR REPORTABLE COMPENSATION SHOWN ON PART II, COLUMN (B)(III): MELANIE CONNORS $13,292 DAVID CLARK $18,200 AMY VARO-HAUB $8,158 NANCY GREENE $25,000 PART I, LINE 7 THE EMPLOYEE WILL BE MEASURED AGAINST THE STANDARDS AND GOALS SET FORTH BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AS MAY BE AMENDED FROM TIME TO TIME BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE WILL ADVISE THE EMPLOYEE OF THE APPLICABLE DATES AND PROCESS FOR THE EMPLOYEE TO PROVIDE INPUT REGARDING EMPLOYEE'S PERFORMANCE TOWARD MEETING THE STANDARDS AND GOALS SET FORTH. CERTAIN INDIVIDUALS RECEIVE INCENTIVE COMPENSATION BASED ON THE ACHIEVEMENT OF THE GOALS OUTLINED BY THE SUPERVISOR, UP TO A CERTAIN AMOUNT, WHICH IS OUTLINED IN THEIR CONTRACT. A PALM BEACH COUNTY FLORIDA 596000785 2020-03-18 59250000 SERIES 2020A EDUCATIONAL FACILITIES REVENUE BOND 0 0 0 B PALM BEACH COUNTY FLORIDA 596000785 2020-03-18 65750000 SERIES 2020B EDUCATIONAL FACILITIES REVENUE BOND 0 0 0 A 2898480 59250000 1144754 58105246 1 0 0 1 B 5407528 5407528 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SYNOVUS BANK 0 0 0 0 1 B 0 0 0 1 1 1 SYNOVUS BANK 0 0 0 0 1 A 0 B 0 15315 FINANCIAL AID FINANCIAL AID JILLIAN CONWAY DAUGHTER IN LAW OF OFFICER, DANA MARKHAM 77872 EMPLOYMENT 0 AUTUMN CLARK DAUGHTER OF KEY EMPLOYEE, DAVID CLARK 32841 EMPLOYMENT 0 AMBER CLARK DAUGHTER OF KEY EMPLOYEE, DAVID CLARK 49181 EMPLOYMENT 0 BARRY CONNORS HUSBAND OF KEY EMPLOYEE, MELANIE CONNORS 89197 EMPLOYMENT 0 KAREN WILSON-WALTERS SISTER IN LAW OF KEY EMPLOYEE, WHITNEY WALTERS-SACHS 33608 EMPLOYMENT 0 LYNN SASSO WIFE OF TRUSTEE, RICHARD SASSO 58894 EMPLOYMENT 0 KRISTEN KIRKENDALL DAUGHTER OF OFFICER, NANCY GREENE 79621 EMPLOYMENT 0 JOSEPH WALTERS BROTHER OF KEY EMPLOYEE, WHITNEY WALTERS-SACHS 194333 EMPLOYMENT 0 X 3 60627 FMV X KIOSKS FOR FOOD PURCHASES BY STUDENTS 1 44487 FMV X UPPER SCHOOL SCIENCE EQUIPMENT 1 43313 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 KEY EMPLOYEE JOSEPH MARKHAM IS RELATED TO OFFICER DANA MARKHAM. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE UPDATED ON MAY 10, 2022. BEFORE, THE ELECTION OF TRUSTEES COULD ONLY OCCUR AT THE BOARD'S ANNUAL MEETING IN MAY, BUT NOW IT CAN ALSO OCCUR AT SUCH OTHER BOARD MEETING SO DESIGNATED. BEFORE, ALL BOARD MEETINGS REQUIRED THAT ALL TRUSTEES TO ATTEND IN-PERSON, BUT NOW TRUSTEES CAN ATTEND AND PARTICIPATE IN MEETINGS REMOTELY, IN THE CHAIR'S DISCRETION. WHEN A TRUSTEE IS BEING CONSIDERED FOR REMOVAL, THAT TRUSTEE IS NOW EXCLUDED FROM THE THREE-FOURTHS VOTE IN THEIR REMOVAL CONSIDERATION. THAT TRUSTEE NOW SHALL NOT BE ENTITLED TO BE PRESENT FOR THE BOARD'S DELIBERATION ON THE QUESTION OF THEIR REMOVAL AND MAY NOT VOTE. IF THE GOVERNANCE SUBCOMMITTEE IS REQUESTED TO INVESTIGATE, THE GOVERNANCE SUBCOMMITTEE IS NOW REQUIRED TO REPORT ITS FINDINGS TO THE BOARD IN THEIR CONSIDERATION OF REMOVING A TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCCOUNTANT AND REVIEWED BY THE CONTROLLER, CFO, AND BOARD OF TRUSTEES. THE RETURN IS PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ENFORCED THROUGH THE USE OF ANNUAL DISCLOSURES AND REVIEW AS DETERMINED BY THE GOVERNING BODY. THE POLICY APPLIES TO TRUSTEES, CORPORATE OFFICERS, THE HEADS OF SCHOOL, SENIOR MANAGEMENT, AND BOARD COMMITTEE MEMBERS. THOSE COVERED UNDER THE CONFLICT OF INTEREST POLICY ARE REQUIRED TO DISCLOSE, IN WRITING, ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF IT. THIS PERSON DOES NOT PARTICIPATE IN DISCUSSIONS WHERE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON. THE REMAINING TRUSTEES DETERMINE WHETHER A CONFLICT EXISTS. THE BOARD CHAIR MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES, IF APPROPRIATE, TO THE PROPOSED CONFLICT TRANSACTION. ONCE DUE DILIGENCE HAS BEEN EXERCISED, THE BOARD WILL USE REASONABLE EFFORTS TO OBTAIN A SIMILAR OR MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NO REASONABLE ALTERNATIVE EXISTS, THE BOARD MAY APPROVE THE CONFLICT TRANSACTION IF IT IS IN THE BEST INTERESTS OF THE SCHOOL. ALL CONFLICT OF INTEREST DISCUSSIONS MUST BE REFLECTED IN THE MEETING MINUTES WHERE THEY WERE DISCUSSED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT, OFFICERS AND KEY EMPLOYEES USING DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE FURNISHED TO THE PUBLIC UPON REQUEST AT THE MAIN ADMINISTRATION OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF REMAINDER INTEREST TRUST AGREEMENT -9,614. CHANGE IN VALUE OF INTEREST SWAP AGREEMENT 10,005,844. LOSS ON UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -1,011,374. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER ANNUITY TRUST (3) INVESTMENT FL N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0