2021-02-02T11:52:43-06:00 2020-07-31 131610809 FRIEDMAN LLP 100 EAGLE ROCK AVENUE SUITE 200 EAST HANOVER NJ 07936 990 2019-08-01 133956444 THE CENTRAL EUROPEAN UNIVERSITY CENT 2125480600 224 WEST 57TH STREET NO 4TH FL NEW YORK NY 10019 MICHAEL IGNATIEFF PRESIDENT 2125480600 2021-01-21 1 SARAH AVERY P01470673 9739293500 2021-01-21 2019 2022-09-23 18:48:47Z MICHAEL IGNATIEFF 224 WEST 57TH STREET NO 4TH FL NEW YORK NY 10019 599308724 0 X WWW.CEU.EDU X 1998 NY CENTRAL EUROPEAN UNIVERSITY IS AN INSTITUTION OF ADVANCED RESEARCH AND TEACHING, DEDICATED TO SOCIALLY AND MORALLY RESPONSIBLE INTELLECTUAL INQUIRY. LAUNCHING A NEW UNDERGRADUATE OFFER IN 2020, CEU'S DISTINCTIVE EDUCATIONAL PROGRAM BUILDS ON THE RESEARCH TRADITION OF THE GREAT AMERICAN UNIVERSITIES; ON THE MOST VALUABLE CENTRAL EUROPEAN INTELLECTUAL TRADITIONS; ON THE INTERNATIONAL DIVERSITY OF ITS FACULTY AND STUDENTS; ON ITS COMMITMENT TO SOCIAL SERVICE; AND ON ITS OWN HISTORY OF ACADEMIC AND POLICY ACHIEVEMENTS IN TRANSFORMING THE CLOSED COMMUNIST INHERITANCE. CEU IS A NEW MODEL FOR INTERNATIONAL EDUCATION, A CENTER FOR THE STUDY OF CONTEMPORARY ECONOMIC, SOCIAL AND POLITICAL CHALLENGES, AND A SOURCE OF SUPPORT FOR BUILDING OPEN AND DEMOCRATIC SOCIETIES THAT RESPECT HUMAN RIGHTS AND HUMAN DIGNITY. 22 22 0 0 0 0 82923180 598891040 0 353581 29205 64103 0 0 82952385 599308724 53883721 63593030 0 0 0 0 0 0 136563 1073655 7242689 54957376 70835719 27995009 528473005 31976791 609207882 4236740 9975328 27740051 599232554 X CEU IS COMMITTED TO PROMOTING THE VALUES OF OPEN SOCIETY AND SELF-REFLECTIVE CRITICAL THINKING. IT AIMS AT EXCELLENCE IN THE MASTERY OF ESTABLISHED KNOWLEDGE, COURAGE TO PURSUE THE CREATION OF NEW KNOWLEDGE IN THE HUMANITIES, THE SOCIAL SCIENCES, LAW AND MANAGEMENT, AND ENGAGEMENT IN PROMOTING APPLICATIONS FOR EACH, IN PARTICULAR THROUGH THEIR POLICY IMPLICATIONS. 0 0 54205177 53599196 353581 THE UNIVERSITY IS AN INTERNATIONAL INSTITUTION FOR POST-GRADUATE STUDY AND RESEARCH OFFERING MASTER'S AND DOCTORAL DEGREE PROGRAMS. THE UNIVERSITY OFFERS NON-DEGREE PROGRAMS OF STUDY AS WELL. THE UNIVERSITY CURRENTLY OFFERS 36 MASTER'S DEGREE PROGRAMS AND 13 DOCTORAL PROGRAMS IN 15 DEPARTMENTS AND 1 SCHOOL,LOCATED IN TWO CAMPUSES IN BUDAPEST AND VIENNA. THERE ARE ONE-YEAR AND TWO-YEAR MASTER'S DEGREE PROGRAMS OFFERED IN THE FOLLOWING FIELDS: BUSINESS ANALYTICS, COMPARATIVE HISTORY, CULTURAL HERITAGE STUDIES, ECONOMICS, ENVIRONMENTAL SCIENCES AND POLICY, FINANCE, GENDER STUDIES, GLOBAL ECONOMIC RELATIONS, HUMAN RIGHTS, INTERNATIONAL RELATIONS, IT MANAGEMENT, LEGAL STUDIES (COMPARATIVE CONSTITUTIONAL LAW, HUMAN RIGHTS, AND INTERNATIONAL BUSINESS LAW), MATHEMATICS AND ITS APPLICATIONS, MEDIEVAL STUDIES, NATIONALISM STUDIES, PHILOSOPHY, POLITICAL SCIENCE, PUBLIC POLICY, AND SOCIOLOGY AND SOCIAL ANTHROPOLOGY. IN ADDITION TO ITS MASTER'S DEGREE PROGRAMS, THE UNIVERSITY OFFERS DOCTORAL PROGRAMS IN COGNITIVE SCIENCE, ECONOMICS, ENVIRONMENTAL SCIENCES AND POLICY, COMPARATIVE GENDER STUDIES, COMPARATIVE HISTORY, MEDIEVAL STUDIES, LEGAL STUDIES, PHILOSOPHY, POLITICAL SCIENCE, SOCIOLOGY AND SOCIAL ANTHROPOLOGY, NETWORK SCIENCE, BUSINESS ADMINISTRATION, AND MATHEMATICS AND ITS APPLICATIONS. THE UNIVERSITY HAS TAKEN A LEADERSHIP ROLE IN PROVIDING US-STYLE POST-GRADUATE EDUCATION IN CENTRAL AND EASTERN EUROPE AND VIEWS EDUCATIONAL INNOVATION AS PART OF ITS CONTINUING CONTRIBUTION TO THE REGION. 1455353 1455353 THE VERA AND DONALD BLINKEN OPEN SOCIETY ARCHIVES (OSA) AT CENTRAL EUROPEAN UNIVERSITY IS A COMPLEX ARCHIVAL INSTITUTION. OSA IS BOTH A REPOSITORY OF IMPORTANT COLLECTIONS, PRIMARILY RELATED TO THE HISTORY OF THE COLD WAR AND GRAVE INTERNATIONAL HUMAN RIGHTS VIOLATIONS, AND A LABORATORY OF ARCHIVAL EXPERIMENTS ON NEW WAYS OF ASSESSING, CONTEXTUALIZING, PRESENTING, AND MAKING USE OF ARCHIVAL DOCUMENTS. OSA IS A RESEARCH INSTITUTE DEALING WITH ARCHIVAL, TAXONOMICAL, INFORMATIONAL AND HISTORICAL PROBLEMS RELATED TO ITS HOLDINGS, AND ALSO REFLECTING ON THE ROLE, OBLIGATIONS, AND LIMITS (AS WELL AS ON OVERCOMING THESE) OF REPOSITORIES THAT PRESERVE IMPORTANT HISTORICAL SOURCES. OSA, ITS HOLDINGS, AND THE RESEARCH BASED ON OUR COLLECTIONS, ARE THE BASIS OF AN EXPANDING TEACHING PROGRAM. OSA RECEIVES STUDENTS FROM THE CEU AND INSTITUTIONS AROUND THE GLOBE, WHO COME HERE TO STUDY THE ROLE AND USE OF ARCHIVAL EVIDENCE, THE CHANGING FUNCTIONS OF THE ARCHIVES, HOW TO BUILD TRUST IN NEW TYPES OF ARCHIVAL INSTITUTIONS, AND THE SPECIAL METHODOLOGICAL PROBLEMS OF STUDYING THE SOURCES OF THE FANTASIES ON WHICH THE COLD WAR WAS CONSTRUCTED. OSA IS AN ARCHIVE OF THE COPY, MEANING THAT WE ARE PRIMARILY INTERESTED IN THE CONTENT, RATHER THAN THE MATERIALITY OF OUR DOCUMENTS; WE ACTIVELY SEEK OUT NON-TRADITIONAL DOCUMENTS MATERIAL PREVIOUSLY MARGINALIZED BASED ON ITS CONTENT, SOCIAL ORIGIN, OR FORM. OSA IS ALSO "AN ARCHIVE OF LAST RESORT," HELPING IMPORTANT ORGANIZATIONS AND INSTITUTIONS WHOSE HOLDINGS ARE IN DANGER FOR ORGANIZATIONAL, IDEOLOGICAL OR POLITICAL REASONS, TO FIND A SECURE AND PROFESSIONAL ARCHIVE FOR THEIR ENDANGERED DOCUMENTS. ONE OF OSA'S AIMS IS TO BROADEN ACCESS TO PRIMARY SOURCES BY OVERCOMING TECHNICAL, LEGAL, GEOGRAPHIC, AND SOCIO-CULTURAL BARRIERS. 7903636 7903636 THROUGH ITS 20 RESEARCH CENTERS, CEU PROMOTES AN ENVIRONMENT WHERE HIGH-QUALITY RESEARCH CAN TAKE PLACE, WHERE READINESS FOR INTELLECTUAL RISK-TAKING AND FOR RADICAL RETHINKING OF FOUNDATIONS IS STRONGLY ENCOURAGED, AND WHERE VALUES OF OPEN SOCIETY, DEMOCRACY AND CRITICAL, REFLECTIVE THINKING ARE CULTIVATED. CEU RESEARCH CENTERS COMPLEMENT RESEARCH AND TEACHING ACTIVITIES IN CEU DEPARTMENTS, ENHANCING INTERDISCIPLINARY CONNECTIONS AMONG DIFFERENT ACADEMIC AREAS AND INTERFACING ACADEMIC AND POLICY RELEVANT ACTIVITIES. THE CENTERS SUPPORT CEU'S MISSION BY RAISING THE UNIVERSITY'S INTERNATIONAL VISIBILITY AND DEEPENING ITS REGIONAL EMBEDDEDNESS. BUILDING INTERNATIONAL PARTNERSHIPS WITH RESEARCH INSTITUTES, CORPORATIONS, NGOS AND GOVERNMENTAL AGENCIES, CEU RESEARCH CENTERS OPERATE LARGE-SCALE RESEARCH PROJECTS, ORGANIZE OUTSTANDING PUBLIC EVENTS, WORKSHOPS AND CONFERENCES, AS WELL AS OFFER FELLOWSHIPS IN THEIR RESPECTIVE RESEARCH AREAS. THE RESEARCH CENTERS ARE: CENTER FOR COGNITIVE COMPUTATION, CENTER FOR EASTERN MEDITERRANEAN STUDIES, CENTER FOR ETHICS AND LAW IN BIOMEDICINE, CENTER FOR EUROPEAN NEIGHBORHOOD STUDIES, CENTER FOR EUROPEAN UNION RESEARCH, CENTER FOR INTEGRITY IN BUSINESS AND GOVERNMENT, CENTER FOR MEDIA, DATA AND SOCIETY, CENTER FOR POLICY STUDIES, CENTER FOR RELIGIOUS STUDIES, COGNITIVE DEVELOPMENT CENTER, INITIATIVE FOR REGULATORY INNOVATION, INSTITUTE FOR ADVANCED STUDY, VERA AND DONALD BLINKEN OPEN SOCIETY ARCHIVES, PASTS INC., CENTER FOR HISTORICAL STUDIES, SHATTUCK CENTER ON CONFLICT, NEGOTIATION AND RECOVERY, SOCIAL MIND CENTER, YEHUDA ELKANA CENTER FOR HIGHER EDUCATION. 634845 634845 CEU IS COMMITTED TO MAKING TANGIBLE CONTRIBUTIONS TO SOCIETY. IT DOES SO BY SHARING ITS KNOWLEDGE AND BY COLLABORATING WITH DIVERSE PARTNERS IN ACADEMIA AND ACROSS THE PUBLIC, PRIVATE, AND NONPROFIT SECTORS.COLLABORATION PROJECTS INCLUDE: DIRECT FACULTY SUPPORT TO ORGANIZATIONS REQUIRING EXPERT ASSISTANCE (ECONOMIC CO-OPERATION AND DEVELOPMENT, U.N. ENVIRONMENTAL PROGRAMME, U.N. HIGH COMMISSION ON REFUGEES), PARTNERSHIPS WITHIN THE REGION AND WORLDWIDE (LAW SOCIETY OF IRELAND, HUNGARY'S NATIONAL INNOVATION OFFICE, THE AMERICAN CHAMBER OF COMMERCE IN HUNGARY, THE U.S. EMBASSY AND THE HUNGARIAN VENTURE CAPITAL ASSOCIATION, SABANCI UNIVERSITY TURKEY). CEU ALSO ATTRACTS INTERNATIONALLY DISTINGUISHED SPEAKERS TO BUDAPEST, HOSTING MORE THAN 500 EVENTS A YEAR WHERE PARTICIPANTS DISCUSS SOLUTIONS TO CHALLENGES AS DIVERSE AS STABILIZING THE EURO ZONE, ENDING IMPUNITY FOR PERPETRATORS OF WAR CRIMES, PARSING MORAL QUESTIONS OF LIFE EXTENSION, AND CONVINCING WORLD LEADERS TO PURSUE THE MOST FAR-REACHING CLIMATE CHANGE POLICIES (51 WHICH WERE OPEN TO THE PUBLIC IN THE PAST ACADEMIC YEAR). 634845 634845 64199011 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 0 0 1 HU SZ 0 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LIVIU MATEI 0613273000 NADOR 9 BUDAPEST HU 01051 X GEORGE SOROS HONORARY CHAIR, TRUSTEE 1.00 X X 0 0 0 LEON BOTSTEIN CHAIRMAN, TRUSTEE 1.00 X X 0 0 0 PATRICK GASPARD TRUSTEE 1.00 X 0 0 0 ATTILA CHIKAN TRUSTEE 1.00 X 0 0 0 MONICA MACOVEI TRUSTEE (UNTIL NOVEMBER 2019) 1.00 X 0 0 0 PETER NADOSY TRUSTEE 1.00 X 0 0 0 KATI MARTON TRUSTEE 1.00 X 0 0 0 ANTONIO FOGLIA TRUSTEE 1.00 X 0 0 0 BENJAMIN W HEINEMAN TRUSTEE 1.00 X 0 0 0 LOUISE RICHARDSON TRUSTEE 1.00 X 0 0 0 RICHARD BLUM TRUSTEE 1.00 X 0 0 0 GERHARD CASPER TRUSTEE 1.00 X 0 0 0 PIERRE MIRABAUD TRUSTEE 1.00 X 0 0 0 MARGARET MACMILLAN TRUSTEE 1.00 X 0 0 0 ELISE VAN OSS ASST. SECRETARY 1.00 X X 0 0 0 MICHAEL IGNATIEFF TRUSTEE (EX-OFFICIO), RECTOR 40.00 X X 0 0 0 JOHNATAN COLE TRUSTEE 1.00 X 0 0 0 SHALINI RANDERIA TRUSTEE 1.00 X 0 0 0 ALEXANDER SOROS TRUSTEE 1.00 X 0 0 0 CAROL CRIST TRUSTEE 1.00 X 0 0 0 ROBERT PRICHARD TRUSTEE 1.00 X 0 0 0 EDELTRAUD HANAPPI-EGGER TRUSTEE 1.00 X 0 0 0 ANDREAS TREICHL TRUSTEE (FROM MARCH 2020) 1.00 X 0 0 0 0 0 0 0 0 0 0 HOGAN LOVELLS US LLP COLUMBIA SQUARE 555 THIRTEENTH ST WASHINGTON DC 20004 LEGAL SERVICES 212316 1 598891040 598891040 TUITION FEES 611600 353581 353581 353581 64103 64103 599308724 353581 0 64103 63593030 63593030 275088 275088 36333 36333 1282284 438167 752193 91924 17489 5199 12276 14 14708 10525 4183 132343 18129 113796 418 71125 45247 25878 290 290 -6831 104 -6935 IMPAIRMENT LOSS 5234034 5234034 MISCELLANEOUS 185826 88610 53009 44207 70835719 64199011 6500145 136563 157594 44724 3142835 12905351 300796 568197900 3900749 14810000 13735437 7744561 10739380 5505346 31976791 609207882 207983 781776 3958194 9128006 70563 65546 4236740 9975328 X 18896628 598033292 8843423 1199262 27740051 599232554 31976791 609207882 X 528473005 43019498 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO STAFF 65546 65546 642328222 43019498 43019498 599308724 0 599308724 70835719 0 70835719 0 70835719 PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN EXCHANGE GAIN 43,019,498. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY HAS PUBLISHED A NOTICE IN THE NEW YORK TIMES AND THE BUDAPEST TIMES. THE UNIVERSITY INTENDS TO PUBLISH A NOTICE OF ITS NON-DISCRIMINATION POLICY IN EACH OF THESE NEWSPAPERS ANNUALLY. SCHEDULE E, PART I, LINE 4 AS DISCLOSED IN THE UNIVERSITY'S FORM 1023, THE UNIVERSITY HAS A NON DISCRIMINATION POLICY. ADDITIONALLY, CEU HAS BEEN ADVISED BY HUNGARIAN COUNSEL THAT IT IS BOTH ILLEGAL AND IMPRACTICAL UNDER HUNGARIAN LAW AND PRACTICE, TO DIRECT QUESTIONS AT STUDENTS, FACULTY AND ADMINISTRATIVE STAFF WHICH ARE DESIGNED TO DETERMINE THEIR RACIAL BACKGROUND. AS A RESULT, CEU HAS BEEN UNABLE TO GATHER THE DATA REQUESTED IN THIS QUESTION. IN CENTRAL EUROPE EXPLICIT REFERENCE TO A PERSON'S RACE TENDS TO EVOKE THE GERMAN RACIAL THEORY AND IS THEREFORE VIEWED WITH GREAT SUSPICION. COUNSEL ALSO NOTES THAT THE COLLECTION OF RACIAL DATA BY THE UNIVERSITY WOULD HAVE A VERY NEGATIVE IMPACT ON THE REPUTATION OF THE UNIVERSITY IN THE REGION AND WOULD BE IN OPPOSITION TO THE CHARACTER OF THE UNIVERSITY, WHICH HAS A REPUTATION AS ONE OF THE FEW UNIVERSITIES IN THE CENTRAL EUROPEAN REGION WITH THE GOAL OF ENCOURAGING STUDENTS OF DIFFERENT NATIONALITIES TO LEARN IN ONE ENVIRONMENT. SCHEDULE E, PART I, LINE 7 SEE STATEMENT FROM SCHEDULE E, PART I, LINE 3 0 EUROPE 2 779 PROGRAM SERVICES, FUNDRAISING, GRANTS EDUCATION 64804620 2 779 0 0 2 779 64804620 0 64804620 EUROPE UNIVERSITY SUPPORT 58229289 WIRE TRANSFER FMV SCHOLARSHIPS EUROPE 898 5363741 0 0 0 0 0 0 PART I, LINE 2: USE OF GRANT FUNDS ARE MONITORED BY THE BOARD OF TRUSTEES. THE GRANTS COVER EXPENSES OF THE HUNGARIAN, KOZEP-EUROPAI EGYETEM (CEU KEE) AND AUSTRIAN (CEU GMBH) AFFILIATES DISCLOSED ON SCHEDULE R. EXPENSES INCLUDE: INSTRUCTIONAL COSTS, ACADEMIC SUPPORT, STUDENT SERVICES, PUBLIC SERVICE, RESEARCH, INSTITUTIONAL SUPPORT, FUNDRAISING, SCHOLARSHIPS AND PLANT OPERATION AND MAINTENANCE. KEY STAFF HAVE CONTRACTUAL AGREEMENTS WITH CEU KEE AND ARE COMPENSATED IN ACCORDANCE WITH THE TERMS OF THOSE AGREEMENTS. GRANT FUNDS ARE AWARDED AND DISBURSED IN INSTALLMENTS BASED ON A DETAILED AND APPROVED BUDGET. DETAILED FINANCIAL REPORTING IS MANDATORY ON AN INTERIM BASIS TO RELEASE THE NEXT INSTALLMENT. THE AUSTRIAN AFFILIATES PERFORMED PREPARATION WORK FOR THE START OF EDUCATION AND RESEARCH ACTIVITIES AT THE END OF AUGUST 2019. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION A, LINE 2 GEORGE SOROS, HONORARY CHAIR, TRUSTEE AND ALEXANDER SOROS, TRUSTEE, ARE FATHER AND SON RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO, THEN IT IS DISTRIBUTED TO THE PROVOST, COO AND TO THE RECTOR FOR INTERNAL APPROVAL. ONCE APPROVED AND SIGNED BY THE RECTOR THE FORM 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS ITS CONFLICT OF INTEREST POLICY AND ENFORCES COMPLIANCE ON A PERIODIC BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT AND ALL OTHER OFFICERS IS THE RESPONSIBILITY OF THE COMPENSATION COMMITTEE. A COMPENSATION SURVEY IS PRESENTED ALONG WITH OTHER ORGANIZATIONS FORM 990S FOR COMPARABILITY. THE COMMITTEE THEN REVIEWS ALL WRITTEN EMPLOYMENT CONTRACTS AND PRESENTS THEIR RECOMMENDATIONS TO THE BOARD, WHICH THEN VOTES TO APPROVE OR DENY THE SUGGESTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FORIEGN EXCHANGE GAIN 43,019,498. FORM 990, PART XI, LINE 2C THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. THE CENTRAL EUROPEAN UNIVERSITY FOUNDATION OF BUDAPEST (CEU BPF) NADOR 9 BUDAPEST HU 1051 PROVIDING SUPPORT FOR HIGHER EDUCATION ACTIVITIES HU THE CENTRAL EUROPEAN UNIVERSITY 0 KOZEP-EUROPAI EGYETEM (CEU KEE) NADOR 9 BUDAPEST HU 1051 HUNGARIAN PRIVATE NOT-FOR-PROFIT EDUCATIONAL INSTITUTION HU THE CENTRAL EUROPEAN UNIVERSITY 0 CEU EDUCATIONAL-SERVICE (CEU OSZ) NADOR 9 BUDAPEST HU 1051 PROVIDE REAL ESTATE MANAGEMENT SERVICES AND SUPPORT FOR HIGHER EDUCATION. HU THE CENTRAL EUROPEAN UNIVERSITY 0 CEU ACADEMIC NON-PROFIT PRIVATE FOUNDATION ACADEMY AT (CEU VIEF) QUELLENSTRASSE 51-55 VIENNA AU 1100 SUPPORTING THE ACTIVITY OF CEU CAMPUS AU THE CENTRAL EUROPEAN UNIVERSITY 0 CEU GMBH (CEU PU) QUELLENSTRASSE 51-55 VIENNA AU 1100 TO CARRY OUT CEU'S EDUCATIONAL SERVICES IN VIENNA AU THE CENTRAL EUROPEAN UNIVERSITY 0 STICHTING CEU FOUNDATION HOLLAND (CEU HOL) WILLEMSPARKWEG 96 AMSTERDAM NL 1071 HM INVESTMENT MANAGER OF CEU ENDOWMENT NL THE CENTRAL EUROPEAN UNIVERSITY 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 THE CENTRAL EUROPEAN UNIVERSITY FOUNDATION OF BUDAPEST B 3300218 FMV KOZEP-EUROPAI EGYETEM B 47875388 FMV CEU GMBH B 12034059 FMV CEU GMBH R 7701200 CASH CEU OSZ D 14810100 YEAR-END BALANCE