2015-08-12T08:45:11-05:00 2014-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2014-01-01 210634485 THE EVERGREENS THEE 8564392030 309 BRIDGEBORO ROAD MOORESTOWN NJ 08057 REV DOUGLAS C HALVORSEN PRESIDENT & CEO 8564392030 2015-08-07 1 JULIUS GREEN CPA P00350393 2159720701 2014 2016-02-25 16:41:14Z DOUGLAS C HALVORSEN 309 BRIDGEBORO ROAD MOORESTOWN NJ 08057 43183900 0 X WWW.EVERGREENS.ORG X 1919 NJ TO ENHANCE THE SOCIAL, EMOTIONAL, SPIRITUAL AND PHYSICAL WELL-BEING IN THE COMMUNITY. 16 15 302 70 0 0 331960 343496 21238727 20975618 2516967 2139392 -3115 -2993 24084539 23455513 16420 15300 0 0 9772976 9833011 0 0 37009 13963807 14035966 23753203 23884277 331336 -428764 108452690 105819471 86635931 84818377 21816759 21001094 X IN THE SPIRIT OF ITS EPISCOPAL TRADITION, IT IS THE EVERGREENS' MISSION TO ENHANCE THE INDIVIDUAL, SOCIAL, EMOTIONAL, SPIRITUAL AND PHYSICAL WELL-BEING OF ITS DIVERSE COMMUNITY. 0 0 21532049 15300 20975618 EXPENSES INCURRED IN PROVIDING A FULL CONTINUUM OF SERVICES TO ELDERLY INDIVIDUALS INCLUDING BUT NOT LIMITED TO RESIDENCE, DIETARY, INTELLECTUAL STIMULATION AND ACTIVITY, AND HEALTH CARE. ORGANIZATION'S COMMUNITY BENEFIT STATEMENT - IN 1919, THE EVERGREENS WAS FOUNDED IN BOUND BROOK, N.J. AS A NONPROFIT RETIREMENT HOME THROUGH A GENEROUS GIFT TO THE EPISCOPAL DIOCESE OF NEW JERSEY BY THE HENRY LAMONTE FAMILY - A HOME ON A FIVE-ACRE SITE THAT ACCOMMODATED 15 RESIDENTS. WHEN THE EVERGREENS MOVED TO MOORESTOWN IN 1949, THE COMMUNITY EXPANDED SERVICES TO INCLUDE LONG-TERM NURSING CARE. THE NEW FACILITY CONSISTED OF 32 ACRES AND A LARGE HOME, NOW KNOWN AS MATTHEWS HALL, WHICH REMAINS AT THE CENTER OF THE COMMUNITY'S CAMPUS. THIS HOME WAS BUILT IN THE 1920S FOR THE JOHNSON FAMILY, FOUNDERS OF THE VICTOR TALKING MACHINE COMPANY, THE PREDECESSOR OF RCA. THE NEW FACILITY PROVIDED ROOMS FOR 20 RESIDENTS AND AN EIGHT-BED INFIRMARY. THROUGH THE YEARS, BUILDINGS HAVE BEEN ADDED, UPGRADED AND EXPANDED THROUGHOUT CAMPUS TO MAKE THE EVERGREENS THE COMMUNITY IT IS TODAY. IN 1990, THE EVERGREENS BECAME AN INDEPENDENT ENTITY; HOWEVER, IT CONTINUED TO MAINTAIN A CHAPEL AFFILIATED WITH THE EPISCOPAL DIOCESE OF NEW JERSEY. IN THE SAME YEAR, THE COMMUNITY'S TRADITION OF DELIVERING QUALITY CARE PROGRESSED TO YET ANOTHER LOGICAL LEVEL OF GROWTH - OFFERING ACTIVE OLDER ADULTS AN INDEPENDENT LIFESTYLE THROUGH THE CONSTRUCTION OF 200 INDEPENDENT LIVING UNITS (ILUS) AND OFFICIALLY BECOMING A CONTINUING CARE RETIREMENT COMMUNITY (CCRC). THE EVERGREENS' CAMPUS CONTINUES TO EVOLVE AND GROW THROUGH THE COMMUNITY'S CAMPUS RENEWAL PROJECT. CULMINATING YEARS OF STRATEGIC PLANNING, THIS PROJECT CALLS FOR A MULTI-PHASE CONSTRUCTION AND RENOVATION PROJECT - WHICH BEGAN WITH THE COMPLETION OF THE RENOVATIONS TO THE COMMUNITY'S KITCHEN/DINING AREAS IN 2010 AND CONTINUED IN 2012 WITH THE GRAND OPENING OF A NEW, STATE-OF-THE-ART HEALTH CARE CENTER. IN 2014, THE RENOVATIONS COMMENCED TO UPDATE THE COMMUNITY'S ILU CORRIDORS - TWO FLOORS HAVE BEEN FINISHED, AND THE BALANCE OF WORK ON THE REMAINING HALLWAYS IS DUE TO BE COMPLETED SOON. FUTURE PLANS, AS OUTLINED UNDER THE CAMPUS RENEWAL PROJECT, INCLUDE UPGRADES TO THE COMMUNITY'S INDEPENDENT LIVING COMMON AREAS AND RECREATIONAL ACTIVITIES/SERVICES SPACES.THE EVERGREENS STRIVES TO PROVIDE THE HIGHEST QUALITY SERVICE AND CARE TO RESIDENTS, ENSURING THAT RESIDENTS CAN ENJOY THEIR INDIVIDUAL LIFESTYLES WITH DIGNITY AND RESPECT IN THE MOST GRACIOUS OF ENVIRONMENTS. WITH THREE LIFESTYLE CHOICES WITHIN ONE COMMUNITY - INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING CARE - RESIDENTS AT THE EVERGREENS ARE SECURE IN THE KNOWLEDGE THAT THEY WILL RECEIVE QUALITY HEALTH CARE, REGARDLESS OF THEIR CHANGING NEEDS.THE EVERGREENS WORKS HARD TO PROVIDE THE HIGHEST QUALITY OF CARE TO ITS RESIDENTS AND HAS ACHIEVED THIS DISTINCTION CONSISTENTLY YEAR AFTER YEAR. THE COMMUNITY PRIDES ITSELF ON BEING ACCREDITED BY THE COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES/ CONTINUING CARE ACCREDITATION COMMISSION (CARF-CCAC), AN HONOR HELD BY A LIMITED NUMBER OF THE NATION'S TOP CCRC'S. IN 2012, THE EVERGREENS WAS REACCREDITED FOR FIVE YEARS. LIKEWISE, THE COMMUNITY HAS BEEN RECOGNIZED NUMEROUS TIMES BY CONSUMER REPORTS IN ITS NURSING HOME MONITOR LIST. THE COMMUNITY HAS ALSO CONTINUED TO MAINTAIN THE HIGHEST POSSIBLE RATING - "FIVE STARS" - FROM THE FEDERAL CENTERS FOR MEDICARE & MEDICAID SERVICES FOR THE PAST SIX YEARS, PLACING THE COMMUNITY ON THE CMS "HONOR ROLL" LIST. AMONG OTHER AWARDS AND RECOGNITION, THE EVERGREENS HAS BEEN NAMED A BEST NURSING HOME BY U.S. NEWS & WORLD REPORT AND ONE OF THE BEST OF BURLINGTON COUNTY BY THE BURLINGTON COUNTY TIMES, BOTH FOR MULTIPLE YEARS. ADDITIONALLY, THE EVERGREENS RECEIVED A GOLD AWARD FROM NATIONAL MATURE MEDIA IN 2014 FOR MARKETING DIRECT MAIL DESIGN AND WAS RECOGNIZED AS ONE OF SJ MAGAZINE'S BEST OF SOUTH JERSEY READERS POLL HONOREES IN 2014. 21532049 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 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 79 0 1 302 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X GERALD I MAGID CFO 8564392030 309 BRIDGEBORO ROAD MOORESTOWN NJ 08057 X GERALD S LORD CHAIRMAN 5.00 X X 0 0 0 ROBERT W HOEY VICE CHAIRMAN 3.00 X X 0 0 0 WILLIAM H STONE JR SECRETARY/TREASURER 3.00 X X 0 0 0 SHARON J BISHOP CPAABVCFF TRUSTEE 3.00 X 0 0 0 JOHN M COLEMAN TRUSTEE 3.00 X 0 0 0 PETER A GOLD ESQ TRUSTEE 3.00 X 0 0 0 CALVIN H KNOWLTON TRUSTEE 3.00 X 0 0 0 ELIZABETH G LITTEN ESQ TRUSTEE 3.00 X 0 0 0 RICHARD P MEEHAN TRUSTEE 3.00 X 0 0 0 HON JAMES J MORLEY TRUSTEE 3.00 X 0 0 0 JOHN S PHILLIPS TRUSTEE 3.00 X 0 0 0 FREDERICK J ROHLOFF ESQ TRUSTEE 3.00 X 0 0 0 ROY A SHUBERT CPAPFSCHFC TRUSTEE 3.00 X 0 0 0 GEORGE D SOWA TRUSTEE 3.00 X 0 0 0 THE RT REV WILLIAM STOKES TRUSTEE 3.00 X 0 0 0 REV DOUGLAS C HALVORSEN PRESIDENT & CEO 40.00 X X 305095 0 81021 GERALD MAGID VP OF FINANCE & CFO 40.00 X 171827 0 20635 DAKIA MCMILLAN VP OF HEALTH SERVICES 40.00 X 129538 0 22203 606460 0 123859 3 0 1 0 WOHLSEN CONSTRUCTION COMPANY PO BOX 4612 LANCASTER PA 17604 CONSTRUCTION 1895815 MORRISON MANAGEMENT SPECIALIST 1730 WALTON STREET BLUE BELL PA 19422 DINING MANAGEMENT 1583615 T-N-T PROPERTY SERVICES 213 BRIDGEBORO ROAD MOORESTOWN NJ 08057 RENOVATIONS 831600 BLUE SPIRE STRATEGIC MARKETING 7650 EDINBOROUGH WAY SUITE 500 MINNEAPOLIS MN 55435 MARKETING CONSULTANT 402207 FOX LONG TERM CARE 7 CARNEGIE PLAZA CHERRY HILL NJ 08003 THERAPY SERVICES 306475 15 18293 325203 343496 NET RESIDENT SERVICE REVENUE 623000 16322961 16322961 AMORTIZATION OF ENTRANCE FEES 623000 3405595 3405595 ANCILLARY SERVICES 623000 1247062 1247062 20975618 806073 806073 21058563 150 19617650 107744 1440913 -107594 1333319 1333319 0 18293 2993 -2993 -2993 23455513 20975618 0 2136399 15300 15300 730320 257090 444301 28929 6702556 6008836 688876 4844 373207 326000 46829 378 1454454 1292502 161549 403 572474 502310 68639 1525 86403 86403 54860 54860 380 380 181222 181222 1813839 1713278 100061 500 104949 104949 531307 440054 90823 430 205621 34985 170636 1634891 1623175 11716 33063 17380 15683 111213 31650 79563 2807645 2807645 4288178 4288178 251802 203540 48262 FOOD 881809 881809 REPAIRS & MAINTENANCE 448668 448668 MEDICAL SUPPLIES 172426 172426 DRUGS 141429 141429 286261 220845 65416 23884277 21532049 2315219 37009 510899 442468 271130 62751 715183 264546 47186 41518 261550 357065 96970809 35852700 60631211 61118109 40042030 38389646 5973501 5143368 108452690 105819471 1368191 1043138 17643550 19374175 42964038 43031868 4767 9525000 8725000 15135152 12639429 86635931 84818377 X 18621468 17754884 2311255 2354240 884036 891970 21816759 21001094 108452690 105819471 X -428764 -394835 7934 X 0 1 X 1 0 X 695433 293340 249801 331960 343496 1914030 20443654 21269975 20282473 21238727 20975618 104210447 21139087 21563315 20532274 21570687 21319114 106124477 20470 22476 13681 24087 18894 99608 0 20470 22476 13681 24087 18894 99608 106024869 1266762 1292803 1069982 936099 806073 5371719 1266762 1292803 1069982 936099 806073 5371719 22405849 22856118 21602256 22506786 22125187 111496196 0.95090 0.94300 0.04820 0.05620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 380 380 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO LEADINGAGE NEW JERSEY, A STATE ASSOCIATION OF HOMES AND SERVICES FOR THE AGING. A PORTION OF THE ORGANIZATION'S DUES ARE USED FOR LOBBYING PURPOSES. THE $380 REPORTED AS LOBBYING EXPENDITURES IS THE PORTION OF DUES THAT WERE USED FOR LOBBYING PURPOSES (2.4% OF THE ORGANIZATION'S TOTAL DUES). 0 1 X 3195291 27816 144148 121045 3246210 2826042 119848 321723 72322 3195291 2805106 51123 140038 170225 2826042 2975744 87805 -28774 229669 2805106 2721216 280034 110391 135897 2975744 0.27000 0.73000 0 0 2769591 990267 3759858 467816 71354398 26391082 45431132 14643607 5292690 9350917 6433031 3955497 2477534 312099 213431 98668 61118109 ACCRUED INTEREST PAYABLE 1253672 REFUNDABLE ENTRANCE FEES AND DEPOSITS 11385757 12639429 X 22875133 -394835 -173288 -568123 23443256 12257 12257 23455513 23690798 2993 2993 23687805 181222 15250 196472 23884277 PART IV, LINE 2B: RESIDENT FUNDS: THE EVERGREENS HOLDS IN TRUST (AND MAINTAINED SEPARATE FROM OTHER FUNDS) CERTAIN FUNDS ADVANCED BY THE RESIDENTS. THESE FUNDS ARE RECORDED AS CASH AND A CORRESPONDING LIABILITY ON THE BALANCE SHEET. PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED CONSISTENT WITH THE DONOR'S INTENT AND RESTRICTIONS AND IN THE FURTHERANCE OF THE ORGANIZATION'S CHARITABLE TAX-EXEMPT PURPOSES. PART X, LINE 2: THE EVERGREENS ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2014 AND 2013. THE EVERGREENS FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE YEARS ENDED AFTER DECEMBER 31, 2010 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: VALUATION GAIN, BENEFICIAL INTERSET IN PERPETUAL TRUSTS 7,934. INVESTMENT FEES -181,222. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -2,993. FUNDRAISING CONTRIBUTIONS TO ADJUST FOR GRANT EXPENSES 15,250. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 2,993. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING CONTRIBUTIONS TO ADJUST FOR GRANT EXPENSES 15,250. POKER RUN 18293 18293 1200 350 1443 18293 18293 1200 350 1443 2993 -2993 0 YOUNG MEN'S CHRISTIAN ASSOCIATION OF BURLINGTON COUNTY NEW JERSEY 59 CENTERTON ROAD MT LAUREL NJ 08054 210634482 501(C)(3) 15300 SUPPORT OF YMCA'S COMMUNITY SUPPORT CAMPAIGN 1 PART I, LINE 2: THE ORGANIZATION DOES NOT ROUTINELY PROVIDE GRANTS TO OTHER ORGANIZATIONS, WITH THE EXCEPTION OF ANOTHER CHARITABLE TAX-EXEMPT ORGANIZATION. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 REV DOUGLAS C HALVORSEN PRESIDENT & CEO 235809 0 27000 0 42286 0 75035 0 5986 0 386116 0 0 0 GERALD MAGID VP OF FINANCE & CFO 170639 0 0 0 1188 0 13162 0 7473 0 192462 0 0 0 DAKIA MCMILLAN VP OF HEALTH SERVICES 129376 0 0 0 162 0 9162 0 13041 0 151741 0 0 0 PART I, LINE 1A PRESIDENT & CEO, REV. DOUGLAS C. HALVORSEN, IS AN ORDAINED CLERGY AND RECEIVES A CLERGY HOUSING ALLOWANCE OF $40,000 UNDER INTERNAL REVENUE CODE SECTION 107 WHICH IS SUBJECT TO SOCIAL SECURITY AND MEDICARE TAX. PART I, LINE 7 THE PRESIDENT & CEO MAY BE AWARDED A BONUS EACH YEAR. AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD REVIEWS A THIRD PARTY SALARY SURVEY TO DETERMINE THE AMOUNT OF THE BONUS TO BE AWARDED AND WHEN THE BONUS IS TO BE PAID. THE AMOUNT OF THE BONUS IS NOT FIXED. A THE BURLINGTON COUNTY BRIDGE COMMISSION 216000402 121649AA5 2007-10-04 44575000 CAPITAL ADDITIONS AND REFUNDING 0 0 0 A 44345885 1529088 811237 2034900 10729485 29241175 2011 1 0 1 1 A 0 0 1 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3, ISSUE A THE ISSUE PRICE REPORTED IN PART I, COLUMN (E) FOR ISSUE A IS $44,575,000. THE TOTAL AMOUNT OF PROCEEDS REPORTED IN PART II, LINE 3 IS $44,345,885. THE DIFFERENCE OF $229,115 IS THE ORIGINAL ISSUE DISCOUNT. SCHEDULE K, PART IV, LINE 2C, ISSUE A THE REBATE COMPUTATION WAS PERFORMED ON FEBRUARY 15, 2012. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION ENGAGED A PROFESSIONAL CPA FIRM WITH EXPERIENCE IN NOT-FOR-PROFIT TAX RETURN PREPARATION. THE FIRM WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE FIRM PREPARED A DRAFT FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL FOR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL REVIEWED THE DRAFT FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. CHANGES WERE MADE TO THE DRAFT FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL FOR FINAL REVIEW AND APPROVAL. THE PRESIDENT/CEO OF THE ORGANIZATION REVIEWS THE FINAL DRAFT BEFORE PRESENTING THE FORM 990 TO THE AUDIT COMMITTEE. THE BOARD OF TRUSTEES HAS DELEGATED THE AUDIT COMMITTEE TO OVERSEE, REVIEW AND APPROVE THE FORM 990 PROCESS. ONCE THE AUDIT COMMITTEE REVIEWED AND APPROVED THE DOCUMENT, A COPY WAS SENT TO EACH MEMBER OF THE BOARD OF TRUSTEES EITHER ELECTRONICALLY OR BY COURIER PRIOR TO FILING THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, SENIOR MANAGEMENT, AND OTHER KEY PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. IT IS A BOARD MEMBER'S RESPONSIBILITY TO NOTIFY THE PRESIDENT/CEO OF ANY CHANGES THAT WOULD CREATE A CONFLICT DURING THE YEAR. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S PRESIDENT/CEO FOR REVIEW ANNUALLY. IF A CONFLICT OF INTEREST EXISTS, IT IS ADDRESSED WITH THE BOARD CHAIR AND INDIVIDUAL WITH THE CONFLICT. AN INDIVIDUAL WITH A CONFLICT MAY BE ASKED TO LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE CONFLICT IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15 CEO/PRESIDENT COMPENSATION - BOARD EXECUTIVE COMPENSATION COMMITTEE OF FOUR BOARD MEMBERS IS CHAIRED BY THE BOARD CHAIR. THE COMMITTEE REVIEWS THE BIENNIAL COMPARISON STUDY CONTRACTED THROUGH HUMAN RESOURCES AND PREPARED BY AN OUTSIDE FIRM. THE COMMITTEE RECOMMENDS A COMPENSATION PACKAGE BASED ON THE COMPARISON STUDY THAT IS WITHIN FAIR MARKET VALUE RANGES FOR EACH POSITION IN THE INDUSTRY. THE COMMITTEE'S ANNUAL RECOMMENDATION FOR THE CEO/PRESIDENT COMPENSATION IS PRESENTED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL IN EXECUTIVE SESSION AT A REGULARLY SCHEDULED BOARD MEETING. THE CHAIR OF THE EXECUTIVE COMPENSATION COMMITTEE DOCUMENTS THE REVIEW PROCESS IN THE COMMITTEE MEETING MINUTES. SENIOR STAFF - THE CEO USES THE SAME COMPARISON STUDY REFERRED TO ABOVE AND CONSULTS WITH THE BOARD EXECUTIVE COMPENSATION COMMITTEE IN ANNUALLY SETTING THE COMPENSATION OF THE COO (WHEN FILLED), VP OF FINANCE & CFO, DIRECTOR OF DEVELOPMENT (WHEN FILLED), AND VP OF HEALTH SERVICES. THE MEDICAL DIRECTOR IS CONTRACTED THROUGH COOPER HEALTH SYSTEM. ACCORDINGLY, THE ORGANIZATION HAS NO INPUT RELATIVE TO HER COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII AND SCHEDULE J, PART II PART VII AND SCHEDULE J REFLECT CERTAIN BOARD MEMBERS AND OFFICERS RECEIVING COMPENSATION AND BENEFITS FROM THIS ORGANIZATION. PLEASE NOTE THIS REMUNERATION WAS FOR SERVICES RENDERED AS FULL-TIME EMPLOYEES OF THE ORGANIZATION AND NOT FOR SERVICES RENDERED AS A VOTING MEMBER OF THIS ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART XI, LINE 9: VALUATION GAIN, BENEFICIAL INTEREST IN PERPETUAL TRUSTS 7,934.