2021-03-04T14:44:19-06:00 2020-05-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2019-06-01 560530251 CATAWBA COLLEGE CATA 7046454535 2300 W INNES STREET SALISBURY NC 28144 ROBERT WALLETT INTERIM VP FOR BUS. AND FIN. 7046454535 2021-03-04 1 AMANDA ADAMS P00748038 7043771678 2019 2022-09-23 18:48:47Z DAVID P NELSON 2300 W INNES STREET SALISBURY NC 28144 73958643 0 X WWW.CATAWBA.EDU X 1925 NC CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS TO ATTRACT STUDENTS BOTH NATIONALLY AND INTERNATIONALLY OF GOOD ABILITY AND CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR OF ARTS, BACHELOR OF ARTS-EDUCATION, BACHELOR OF BUSINESS ADMINISTRATION, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, AND MASTER OF EDUCATION TO TRADITIONAL AND NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH AND VOLUNTEER SERVICE PROGRAMS FOR THE WORLD COMMUNITY. 28 28 785 0 0 0 29840810 20610481 44412038 44627967 1653295 1668428 0 0 75906143 66906876 23726274 24926343 0 0 19536922 18768039 0 0 842085 15943310 16227971 59206506 59922353 16699637 6984523 165328150 180170732 26396086 31239781 138932064 148930951 X CATAWBA COLLEGE IS COMMITTED TO PROVIDING STUDENTS AN EDUCATION RICH IN PERSONAL ATTENTION THAT BLENDS THE KNOWLEDGE AND COMPETENCIES OF LIBERAL STUDIES WITH CAREER PREPARATION. CATAWBA COLLEGE DRAWS STRENGTH FROM JUDEO-CHRISTIAN VALUES, SUSTAINS A DYNAMIC COMMUNITY OF LEARNERS AND SEEKS TO UNITE A DIVERSE POPULATION OF STUDENTS, FACULTY AND STAFF AS ACTIVE CO-PARTICIPANTS IN SCHOLARSHIP AND SERVICE. CATAWBA COLLEGE PREPARES STUDENTS TO REACH THEIR HIGHEST POTENTIAL WHILE BECOMING RESPONSIBLE CITIZENS WITH ZEAL TO ENRICH HUMAN LIFE. 0 0 49175888 24926343 44627967 CATAWBA COLLEGE IS A PRIVATE, COEDUCATIONAL, AND RESIDENTIAL INSTITUTION OFFERING CAREER PREPARATION GROUNDED IN THE LIBERAL ARTS TRADITION. WE OFFER OVER 70 ACADEMIC FIELDS OF STUDY INCLUDING STRONG SCIENCE AND PRE-PROFESSIONAL PROGRAMS. 49175888 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 120 0 1 785 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NC X ROBERT WALLETT 7046454535 2300 W INNES STREET SALISBURY NC 28144 X WILLIAM M GRAHAM CHAIRMAN 1.00 X X 0 0 0 ROBERT B ARNOLD JR VICE CHAIRMAN 1.00 X X 0 0 0 THOMAS E BURDETTE TREASURER 1.00 X X 0 0 0 MICHAEL S BAUK SECRETARY 1.00 X X 0 0 0 C SHUFORD ABERNETHY III DIRECTOR 1.00 X 0 0 0 GREGORY M ALCORN DIRECTOR 1.00 X 0 0 0 MARK G ALEXANDER DIRECTOR 1.00 X 0 0 0 DARLENE L BALL DIRECTOR 1.00 X 0 0 0 GWIN CARTER BARR DIRECTOR 1.00 X 0 0 0 GARY BLABON DIRECTOR 1.00 X 0 0 0 DANIEL T BROSS DIRECTOR 1.00 X 0 0 0 SARA D COOK DIRECTOR 1.00 X 0 0 0 NANCY F COUNCILL DIRECTOR 1.00 X 0 0 0 RANDALL CRUMPLER MD DIRECTOR 1.00 X 0 0 0 RAYMOND DANIELS DIRECTOR 1.00 X 0 0 0 THOMAS S DENNARD DIRECTOR 1.00 X 0 0 0 BART EDGE DIRECTOR 1.00 X 0 0 0 PAMELA HUFFMAN FALLS DIRECTOR 1.00 X 0 0 0 GERALD FRANCIS DIRECTOR 1.00 X 0 0 0 DOLAN HUBBARD DIRECTOR 1.00 X 0 0 0 BARBARA L MARSHALL DIRECTOR 1.00 X 0 0 0 DEBORAH W MESSINGER DIRECTOR 1.00 X 0 0 0 RICHARD J SEIWELL DIRECTOR 1.00 X 0 0 0 FRED J STANBACK JR DIRECTOR 1.00 X 0 0 0 LEE B SYRIA DIRECTOR 1.00 X 0 0 0 CHARLES D TAYLOR JR DIRECTOR 1.00 X 0 0 0 MONA L WALLACE DIRECTOR 1.00 X 0 0 0 SALLY WHITNEY DIRECTOR 1.00 X 0 0 0 BRIEN LEWIS PRESIDENT (THRU 4/16/20) 40.00 X 300681 0 94650 NELSON MURPHY COO (THRU 12/31/19) 40.00 X 187544 0 41260 CONNIE LOWERY PROVOST 40.00 X 135357 0 45529 KENNETH CLAPP SR VICE PRESIDENT 40.00 X 99915 0 25716 ELAINE HOLDEN VP OF ADMISSIONS (THRU 12/31/19) 40.00 X 66533 0 14637 JARED TICE SR VP FOR THE COLL. EXP. 40.00 X 99773 0 24419 MARGARET DEES VP OF DEVELOPMENT 40.00 X 159665 0 72756 ROBERT WALLETT INTERIM VP FOR BUS. & FIN. 40.00 X 0 0 0 DREW DAVIS DIR. OF HR & LEGAL COUNSEL 40.00 X 159892 0 12198 STEPHEN HIATT PROFESSOR 40.00 X 103663 0 26476 LARRY LECKONBY ATHLETIC DIRECTOR 40.00 X 148656 0 44112 VALERIE RAKES PROFESSOR 40.00 X 130502 0 36022 CURTIS WALKER FOOTBALL COACH 40.00 X 107064 0 26413 JOSEPH M WILSON PROFESSOR 40.00 X 104038 0 26404 1803283 0 490592 11 0 1 0 VERTEX CONSTRUCTION COMPANY LLC 723 CORPORATE CIRCLE SALISBURY NC 28148 CONSTRUCTION 3638817 CHARTWELLS DINING SERVICES 3 INTERNATIONAL DRIVE RYE BROOK NY 10573 DINING SERVICES 1999024 GMC GLASS LLC 721C N LONG STREET SALISBURY NC 28144 CONSTRUCTION 600617 STATESVILLE ROOFING & BUILDING RESTORATI 325 MAYO STREET STATESVILLE NC 28677 CONSTRUCTION 529795 ELLUCIAN COMPANY LP 62578 COLLECTION CENTER DRIVE CHICAGO IL 60693 TECHNOLOGY 461347 27 20610481 501401 20610481 TUITION AND FEES 900099 35595855 35595855 AUXILIARY INCOME 900099 7618230 7618230 ATHLETIC INCOME 900099 242621 242621 1171261 1171261 44627967 1387148 1387148 7333047 7051767 281280 281280 281280 66906876 44627967 0 1668428 24926343 24926343 1308863 397790 704206 206867 14514461 10654519 3539601 320341 350809 245034 100024 5751 1494451 1043847 406099 44505 1099455 767950 296093 35412 56876 39727 17149 124670 87080 37590 4575183 3001140 1574043 139288 97290 41998 1411556 985947 424659 950 515677 360191 155486 1287797 899503 383212 5082 842382 588389 220744 33249 236735 165355 71380 660108 461074 199034 2698907 1885138 813769 492496 344000 148496 DINING 1682379 1175112 346500 160767 SUPPLIES 1108867 774524 299425 34918 STUDENT ACTIVITIES 43559 30425 13134 351491 245510 111738 -5757 59922353 49175888 9904380 842085 18309017 23119600 17694356 18656241 1924434 1790292 949518 1160552 69212 72579 222312 267396 134041055 65322334 64210311 68718721 53896591 56001311 30611 30611 203065 142099 7818723 10211330 165328150 180170732 2430067 2936712 1890890 4890186 137649 147580 17957820 18311626 3979660 4953677 26396086 31239781 X 24189621 20083434 114742443 128847517 138932064 148930951 165328150 180170732 X 6984523 3987557 -973193 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 68022000 1107000 4904000 2494000 71539000 67245000 901000 2257000 2381000 68022000 61876000 1816000 5729000 2176000 67245000 56557000 1213000 6113000 2007000 61876000 56818000 1018000 532000 1811000 56557000 0.00000 0.73180 0.26820 0 0 338700 2544052 2882752 89793039 47243715 42549324 27939693 14700192 13239501 13425571 3378427 10047144 68718721 BENEFICIAL INTERESTS IN TRUSTS 9146761 CASH SURRENDER VALUE OF LIFE INSURANCE 621198 ASSETS HELD IN CHARITABLE TRUSTS 443371 10211330 ANNUITIES PAYABLE 367734 LIABILITY UNDER TRUST AGREEMENTS 1935732 ASSET RETIREMENT OBLIGATION 1153973 CAPITAL LEASE OBLIGATIONS 642017 INTEREST RATE SWAP 854221 4953677 X 46613306 3987557 3987557 42625749 24281127 24281127 66906876 36614419 973193 973193 35641226 24281127 24281127 59922353 PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY FOR OTHERS ARE AMOUNTS BEING HELD FOR STUDENT CLUBS/ORGANIZATIONS THROUGH AGENCY TRANSACTIONS. PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 579 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES BASED ON DONOR-IMPOSED RESTRICTIONS IN THE RELATIVE GIFT INSTRUMENT. THE PRIMARY USE OF FUNDS IS TO SUPPORT THE CAUSE OF HIGHER EDUCATION. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE COLLEGE IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE COLLEGE. THE COLLEGE ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE COLLEGE BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE 24,281,127. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN LIABILITY UNDER TRUST AGREEMENTS 83,068. CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 35,904. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 854,221. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION REVENUE 24,281,127. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS INCLUDED IN ALL MEDIA AND IN ALL LITERATURE DISTRIBUTED. ADDITIONALLY, IT IS POSTED IN THE LOCAL NEWSPAPER WITH ALL JOB ADVERTISEMENTS (THIS IS DONE SEVERAL TIMES A YEAR). SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES ASSISTANCE FROM SEVERAL DIFFERENT GOVERNMENTAL AGENCIES. U.S. DEPARTMENT OF EDUCATION: FEDERAL PERKINS LOAN PROGRAM (DISCONTINUED DURING FY 2018-2019) FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM FEDERAL DIRECT STUDENT LOANS FEDERAL PELL GRANT PROGRAM NATIONAL SCIENCE FOUNDATION: EDUCATION AND HUMAN RESOURCES NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY: NORTH CAROLINA NEED GRANT NORTH CAROLINA PERSPECTIVE TEACHERS NORTH CAROLINA NATIONAL GUARD TUITION GRANT NORTH CAROLINA FORGIVABLE LOAN NORTH CAROLINA GOLDEN LEAF GRANT EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 111423 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 49660 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 9680 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 42196 0 0 0 0 0 0 212959 0 212959 0 0 0 0 0 0 PART I, LINE 3: THE ACCRUAL METHOD WAS USED TO ACCOUNT FOR EXPENDITURES REPORTED IN PART I. PART III ACCOUNTING METHOD: 1 EMERGENCY RELIEF FUNDS 1542 645216 SCHOLARSHIPS & TUITION DISCOUNTS 1622 4195843 20085284 TUITION RATES REDUCED TUITION RATES PART I, LINE 2: PROCEDURES FOR APPLYING FOR FINANCIAL AID: WHENEVER POSSIBLE, CATAWBA COLLEGE WILL SUPPLEMENT THE FINANCIAL RESOURCES OF A STUDENT THROUGH MERIT, PERFORMANCE-BASED, AND NEED-BASED SCHOLARSHIPS AND GRANTS. A POTENTIAL STUDENT APPLIES AND IS ACCEPTED TO CATAWBA COLLEGE. AT THE TIME OF THEIR ACCEPTANCE, MERIT AID IS DETERMINED BY THE ADMISSIONS COUNSELOR ACCEPTING THE APPLICATION BASED ON A MATRIX CHART THAT HAS BEEN SET UP WITH REGARD TO GPA AND SAT SCORES, LIVING ON OR OFF CAMPUS, AND A SEPARATE TRANSFER STUDENT MATRIX. SCHOLARSHIPS ARE APPLIED DIRECTLY TO THE STUDENTS' ACCOUNT AND, THUS, MUST BE USED FOR EDUCATIONAL PURPOSES. WITH REGARDS TO ATHLETICS AT CATAWBA COLLEGE, THE FINANCIAL AID OFFICE MONITORS ALL ATHLETES TO MAKE SURE THEY DO NOT GO OVER CONFERENCE REGULATIONS REGARDING BOOKS AND SUPPLIES. CATAWBA COLLEGE REFERS TO THE NCAA DIVISION II MANUAL FOR POLICIES REGARDING STUDENT ATHLETES. THE FINANCIAL AID DIRECTOR SIGNS OFF ON THE SQUAD LISTS AND CHECKS FOR ELIGIBILITY WITH THE COMPLIANCE DIRECTOR. THE ASSOCIATE DIRECTOR OF FINANCIAL AID IS RESPONSIBLE FOR ENTERING THE ATHLETIC INFORMATION INTO THE CAI SYSTEM. THE CAI SYSTEM IS ALSO USED TO DETERMINE EQUIVALENCY COMPUTATIONS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BRIEN LEWIS PRESIDENT (THRU 4/16/20) 300681 0 0 0 0 0 28500 0 66150 0 395331 0 0 0 NELSON MURPHY COO (THRU 12/31/19) 186544 0 1000 0 0 0 0 0 41260 0 228804 0 0 0 CONNIE LOWERY PROVOST 135357 0 0 0 0 0 15750 0 29779 0 180886 0 0 0 MARGARET DEES VP OF DEVELOPMENT 153665 0 6000 0 0 0 37630 0 35126 0 232421 0 0 0 DREW DAVIS DIR. OF HR & LEGAL COUNSEL 159892 0 0 0 0 0 12000 0 198 0 172090 0 0 0 LARRY LECKONBY ATHLETIC DIRECTOR 147656 0 1000 0 0 0 11408 0 32704 0 192768 0 0 0 VALERIE RAKES PROFESSOR 129502 0 1000 0 0 0 7312 0 28710 0 166524 0 0 0 PART I, LINE 1A CURRENT PRESIDENT DAVID P. NELSON HAS, AS A PART OF HIS CONTRACT, HOUSING, UTILITIES, INSURANCE, CUSTODIAL SERVICE ETC. PAID FOR BY THE COLLEGE. MR. NELSON IS THE ONLY RECEIPIENT FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. BRIEN LEWIS (PRESIDENT THRU 4/16/20) HAD, AS A PART OF HIS CONTRACT, HOUSING, UTILITIES, INSURANCE, CUSTODIAL SERVICE, ETC. PAID FOR BY THE COLLEGE. UNTIL HIS DEPARTURE HE WAS THE ONLY EMPLOYEE WITH THESE BENEFITS. THIS RESIDENCE WAS PROVIDED FOR THE CONVENIENCE OF THE COLLEGE IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY CONDUCTED AND AS A CONDITION OF EMPLOYMENT AS PRESIDENT OF THE COLLEGE. FOR THE BENEFIT AND CONVENIENCE OF THE COLLEGE, THE PRESIDENT'S RESIDENCE SHALL BE AVAILABLE, AND SHALL BE USED, FOR COLLEGE-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. THIS IS A NON-TAXABLE FRINGE BENEFIT. THE COLLEGE ALSO PAID FOR MR. LEWIS' COUNTRY CLUB DUES DURING THE FISCAL YEAR UNTIL HIS DEPARTURE. THE CLUB IS USED FOR BUSINESS PURPOSES AND FUNDRAISING ACTIVITIES. THE PRESIDENT REIMBURSES THE COLLEGE FOR ANY PERSONAL USE PORTION. THIS IS NON-TAXABLE TO MR. LEWIS SINCE HE REIMBURSES THE COLLEGE FOR ANY PERSONAL USE. X 22 501401 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM GRAHAM AND MONA WALLACE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 2 MONA WALLACE AND JUNIE MICHAEL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND INTERIM CHIEF FINANICAL OFFICER INITIALLY REVIEW THE FORM 990. THE 990 IS ALSO REVIEWED BY THE FINANCE COMMITTEE. A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS THEN PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. THE FULL BOARD RECEIVES THE PUBLIC DISCLOSURE COPY OF THE RETURN IN ORDER TO PROTECT DONOR PRIVACY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY EACH MEMBER OF THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THAT MEMBER WILL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION IN QUESTION. THIS PERSON WILL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE UTILIZES A "COMMITTEE OF THE PRESIDENCY OF THE BOARD OF TRUSTEES" THAT EVALUATES THE PRESIDENT ON PREDETERMINED GOALS AND THE ASSESSMENT OF POSITIVE ACHIEVEMENTS. THE COMMITTEE APPROVES AND DETERMINES THE PRESIDENTIAL SALARY AND SALARY INCREASES. THE PRESIDENT REVIEWS THE POSITIONS OF THE SENIOR VICE PRESIDENT OF DEVELOPMENT, VICE PRESIDENT OF ADMISSIONS, PROVOST AND THE VICE PRESIDENT OF FINANCE TO ESTABLISH SALARY LEVELS BASED ON PERFORMANCE. ALL DISCUSSIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. CATAWBA USES INFORMATION FROM NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES (NCICU) AND THE COOPER STANDARD SALARY RESOURCE TO DETERMINE MARKET COMPARABLES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART VII, SECTION A, LINE 1A NELSON MURPHY RESIGNED HIS POSITION AS EXECUTIVE VICE PRESIDENT IN DECEMBER 2019. CATAWBA COLLEGE ELECTED TO CONTRACT WITH A THIRD PARTY EXECUTIVE PLACEMENT FIRM TO PROVIDE EXECUTIVE FINANCIAL LEADERSHIP FROM JAN 1, 2020 THROUGH DECEMBER 31, 2020 ALLOWING FOR THE CONCLUSION OF A PRESIDENTIAL SEARCH AND AN OPPORTUNITY FOR THE NEW PRESIDENT TO FILL THE VP FOR BUSINESS AND FINANCE ROLE. THE THIRD PARTY EXECUTIVE PLACEMENT FIRM PROVIDED THE SERVICES OF ROBERT WALLETT WHO ASSUMED THE TITLE OF INTERIM VP FOR BUSINESS AND FINANCE DURING THE CONTRACT TERM. THE ORIGINAL CONTRACT WAS THEN AMENDED AND EXTENDED TO RUN THROUGH MAY 31, 2021. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS -35,904. CHANGE IN LIABILITY UNDER TRUST AGREEMENTS -83,068. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -854,221. CHARITABLE REMAINDER TRUSTS (9) INVESTMENT NC N/A T 0 CHARITABLE LEAD TRUST (1) INVESTMENT NC N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0