2025-11-16T14:36:42-06:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 871337465 EQUIS INSTITUTE EQUI 2147273746 660 PENNSYLVANIA AVENUE SE WASHINGTON DC 20003 DAN RESTREPO CHAIRPERSON 2147273746 2025-11-16 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z DAN RESTREPO 660 PENNSYLVANIA AVENUE SE WASHINGTON DC 20003 12353631 0 X EQUISINSTITUTE.US X 2021 DC SEE PART III, LINE 1. 6 4 0 4 0 0 14985850 12276023 0 0 9736 72776 5500 4832 15001086 12353631 50000 1580636 0 0 4823695 5842420 0 0 360918 7728437 8706142 12602132 16129198 2398954 -3775567 12051100 8570720 1676683 1142811 10374417 7427909 X EQUIS INSTITUTE'S MISSION IS TO CREATE A BETTER UNDERSTANDING OF LATINX COMMUNITIES, INVEST IN INNOVATIVE APPROACHES TO REACH AND ENGAGE THEM, AND CONVENE LATINX LEADERS FOR THE GROWTH AND LONG-TERM SUSTAINABILITY OF THE SECTOR. 1 0 4269636 920000 RESEARCHEQUIS INSTITUTE PROVIDES LATINO-SERVING GROUPS WITH ACTIONABLE RESEARCH TO HELP STRENGTHEN THEIR PROGRAMS AND OUTREACH EFFORTS. IN 2024, THE RESEARCH TEAM POLLED 24,666 INDIVIDUALS ACROSS MULTIPLE KEY STATES, WITH TARGETED OVERSAMPLING IN CRITICAL SWING STATES TO ENSURE ACCURACY AND DEPTH OF INSIGHTS. IN TOTAL, 18 POLLS WERE CONDUCTED, INCLUDING 8 KEY STATE POLLS, 1 RECONTACT POLL, AND 9 STATE-SPECIFIC POLLS DESIGNED TO CAPTURE THE NUANCES OF LOCAL RACES AND ISSUES. 2904841 YOUTUBE PROJECTTHE YOUTUBE INITIATIVE LEADS THE CHARGE IN CULTURALLY RELEVANT, ENGAGING CONTENT CREATION THAT HELPS LATINOS MAKE SENSE OF THE WORLD, POLITICS, AND CURRENT EVENTS TO INOCULATE LATINO VOTERS AGAINST HARMFUL NARRATIVES AND MISINFORMATION, AND TO BUILD CONFIDENCE AND TRUST IN OUR DEMOCRATIC INSTITUTIONS. LAUNCHED TWO NEW CHANNELS: A VER A VER+, WHICH EXPANDS OUR NETWORK THROUGH POP CULTURE CONTENT, AND PUEBLO EXTRANO, WHICH BUILDS A MILLENNIAL MALE AUDIENCE THROUGH TALK SHOWS EXPLORING CULTURAL, POLICY, AND PERSONAL ISSUES. 2314035 50000 CULTURAL MOBILIZATIONTHROUGH THE CULTURAL MOBILIZATION PROJECT, EQUIS PARTNERED WITH DOZENS OF STATE, LOCAL, AND NATIONAL ORGANIZATIONS TO ORGANIZE A LARGER CULTURAL MOMENT OF LATINO PRIDE AROUND THE FILM, FLAMIN' HOT. WE FILLED 29 SCREENINGS NATIONWIDE, GENERATING 151 MILLION COMBINED TIKTOK AND INSTAGRAM IMPRESSIONS. THE SUCCESS OF THE GRASSROOTS CAMPAIGN NOT ONLY TURNED THE MOVIE INTO A COMMUNITY-WIDE CULTURAL EVENT BUT ALSO LED TO AN OSCAR NOMINATION, CULMINATING IN A HISTORIC BILINGUAL PERFORMANCE DURING THE OSCARS TELECAST. THIS EFFORT CONNECTED OVER 100 PARTNERS FROM HOLLYWOOD, ADVOCACY, AND COMMUNITY ORGANIZATIONS, TURNING A SHARED CULTURAL MOMENT INTO AN ORGANIZING WIN FOR THE LATINO COMMUNITY. THE CONEXIONES PROGRAM EXPANDED IN 2023 TO FOSTER DEEPER CONNECTIONS AMONG LATINO LEADERS WITH THEIR MEXICAN HERITAGE. THE 2023 DELEGATION TO MEXICO CITY, UNITED PROMINENT FIGURES FROM ENTERTAINMENT, BUSINESS, AND PHILANTHROPY AND INSPIRED NEW CREATIVE PROJECTS AND DEEPENED U.S.-MEXICO TIES. 100% OF PARTICIPANTS REPORTED A BETTER UNDERSTANDING OF THE U.S.-MEXICO RELATIONSHIP. 1616696 355000 LAPIZEQUIS INSTITUTE LAUNCHED THE LATINO POLITICAL INNOVATION ZONES (LAPIZ) PROGRAM TO DEVELOP A PRACTICAL PLAYBOOK FOR MOVEMENT ORGANIZATIONS SEEKING TO INCREASE LATINO VOTER PARTICIPATION.THE LAPIZ INITIATIVE ENLISTED LOCAL PARTNERS TO TEST THE IMPACT OF EQUIS-ORGANIZED PARTIES-TO-THE-POLLS IN THREE COMMUNITIES. THE PROGRAM SUCCESSFULLY TESTED NEW APPROACHES WHILE ENGAGING AND EDUCATING 6,200 ATTENDEES THROUGH LOCAL FIESTAS, REACHING 192,000 HOUSEHOLDS WITH MAIL, AND GENERATING 9.7 MILLION DIGITAL AND CONNECTED TV VOTER EDUCATION IMPRESSIONS. 1616602 255636 OTHER PROGRAMS 3233298 610636 12721810 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 46 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MICHAEL CABALLERO 2147273746 660 PENNSYLVANIA AVENUE SE WASHINGTON DC 20003 X CARLOS ODIO BOARD MEMBER (SEE SCH. O) 1.00 X 121758 0 6072 DAN RESTREPO CHAIRPERSON (SEE SCH. O) 1.00 X X 26518 0 0 JACQUELINE GARCEL TREASURER 1.00 X X 0 0 0 KENIA MORALES SECRETARY 1.00 X X 0 0 0 LUIS AVILA BOARD MEMBER 1.00 X 0 0 0 CRISTINA JIMENEZ BOARD MEMBER 1.00 X 0 0 0 STEPHANIE VALENCIA EXECUTIVE DIRECTOR (SEE SCH. O) 10.00 X 129593 0 11250 277869 0 17322 2 0 0 0 RISING TIDE INTERACTIVE LLC 529 14TH STREET NW SUITE 709 WASHINGTON DC 20045 MEDIA BUY, AD DEV., & MESSAGING/STRAT. C 1095000 SOLIDARITY STRATEGIES LLC 247 16TH STREET SE WASHINGTON DC 20003 PRODUCE & EXECUTE DIGITAL PAID MEDIA PLA 960288 MARKHAM GROUP 2001 S STREET NW SUITE 600 WASHINGTON DC 20009 PRE-PLANNING & EXECUTION OF CULTURAL MEX 229265 THE HOLLYWOOD REPORTER 11175 SANTA MONICA BLVD LOS ANGELES CA 90025 ADVERTISING 185000 FOUR STAR VENTURES LLC 1037 1/2 S CLOVERDALE AVE LOS ANGELES CA 90019 MEDIA & ENTERTAINMENT CONSULTING 145773 9 12276023 744758 12276023 72776 72776 OTHER REVENUE 900099 4832 4832 4832 12353631 0 0 77608 X 1580636 1580636 295191 157273 75671 62247 4357092 2857051 1301293 198748 797744 469212 282172 46360 392393 254871 115953 21569 154284 40518 113766 77240 20592 56648 4139272 3313345 825052 875 2382292 2364239 17426 627 48493 20865 27535 93 428065 278687 147156 2222 1591 416 1175 621366 554651 42382 24333 84404 71651 12396 357 3372 3372 PRODUCTION EXPENSE 706899 700867 5378 654 HONORARIUM 15575 15575 DUES & SUBSCRIPTIONS 15389 9743 3475 2171 LIC. & MEMBERSHIPS 12893 741 12108 44 15007 7505 6884 618 16129198 12721810 3046470 360918 5517270 1319476 5009736 5082512 1519094 2138000 5000 21257 0 9475 12051100 8570720 249097 640477 1427586 502334 1676683 1142811 X 8855323 6629012 1519094 798897 10374417 7427909 12051100 8570720 -3775567 829059 0 X 0 0 0 X 8772000 10599166 14985850 12276023 46633039 8772000 10599166 14985850 12276023 46633039 24739829 21893210 9736 72776 82512 2150 5500 4832 12482 46728033 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 2,150. 2023 AMOUNT: $ 5,500. 2024 AMOUNT: $ 4,832. PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION BEGAN OPERATIONS JUNE 16, 2021 THEREFORE, 2021 REFLECTS SHORT-YEAR ACTIVITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO EQUIS RESEARCH 502334 502334 1 PODERISTAS COMMUNITY FUND 1728 OCEAN AVE PMB 178 SAN FRANCISCO CA 94112 881070114 501(C)(3) 50000 0 GENERAL OPERATING GRANT CENTRAL VALLEY WORKERS CENTER 633 N VAN NESS AVE FRESNO CA 93728 831708059 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) MAKE THE ROAD PA 301 GROVE STREET BROOKLYN NY 11237 843988830 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) NM COMUNIDADES EN ACCION Y DE FE 901 S MAIN ST 1 LAS CRUCES NM 88001 273310051 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) THE SEMILLA PROJECT PO BOX 37197 ALBUQUERQUE NM 37197 863311049 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) VALLEY VOICES 729 W LACEY BLVD 9 HANFORD CA 93230 843911625 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) DOLORES C HUERTA FOUNDATION 1201 24TH ST STE D BAKERSFIELD CA 93303 912145992 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) NUESTRA TIERRA CONSERVATION 420 W GRIGGS AVE LAS CRUCES NM 88005 842294981 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) COMMUNITY ACTION AGENCY OF SOUTHERN NEW MEXICO 3880 FOOTHILLS RD SUITE A LAS CRUCES NM 88011 850196070 501(C)(3) 35000 0 LAPIZ (LATINO POLITICAL INNOVATION ZONES) PRIORITIES USA FOUNDATION 600 PENNSYLVANIA AVE SE 15845 WASHINGTON DC 20003 820675521 501(C)(3) 250000 0 SELFLESS VOTING GOTV ADS SOMOS VOTANTES EDUCATION FUND 114 NORTH MAIN STREET SUITE 201 CONCORD NH 03301 822861559 501(C)(3) 670000 0 GOTV MAILERS DIGITAL DEMOCRACY INSTITUTE OF THE AMERICAS 1220 L STREET NW STE 100 454 WASHINGTON DC 20005 932427105 501(C)(3) 255636 0 GENERAL OPERATING GRANT AND REGRANTING REMAINING FISCAL SPONSOR FUNDS INCLUDUS FUND 1640 BORO PL FL 4 MCLEAN VA 22102 922237902 501(C)(3) 40000 0 CO-HOST CIVIC ENGAGEMENT EVENT 13 0 PART I, LINE 2: THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. INCLUDE OBTAINING REPORTS THAT SUPPORT THE BUDGETED AMOUNTS SUBMITTED WITH THE GRANT REQUEST ARE SPENT ACCORDINGLY. FINANCIAL REPORTS ARE PERIODICALLY OBTAINED TO SUPPORT THE GRANT EXPENDITURES ARE CONSISTENT WITH THE WRITTEN AGREEMENT. EQUIS RESEARCH STEPHANIE VALENCIA, 8712133 PURSUANT TO 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: EQUIS RESEARCH(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:STEPHANIE VALENCIA, EQUIS INSTITUTE EXECUTIVE DIRECTOR, AND. CARLOS ODIO, EQUIS INSTITUTE BOARD MEMBER, HAVE OWNERSHIP IN EQUIS RESEARCH.(D) PURSUANT TO APPROVAL OF THE EQUIS INSTITUTE BOARD OF DIRECTORS, EQUIS INSTITUTE REIMBURSED EQUIS RESEARCH FOR PAYROLL AND OPERATIONAL EXPENSES UNDERTAKEN ON EQUIS INSTITUTE'S BEHALF. X 4 744758 FMV 0 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 2 THE ORGANIZATION LAUNCHED THE LAPIZ PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 STEPHANIE VALENCIA AND CARLOS ODIO HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B EQUIS INSTITUTE'S OUTSIDE CPA FIRM AND THE DIRECTOR OF OPERATIONS & FINANCE PREPARE THE FORM 990. THE FORM IS REVIEWED AND APPROVED BY THE ORGANIZATION'S DIRECTOR OF OPERATIONS, FINANCE, & LEGAL COUNSEL. THE FORM IS PROVIDED TO THE FULL BOARD FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL OFFICERS, DIRECTORS, AND EMPLOYEES (COVERED PERSONS). ALL COVERED PERSONS MUST COMPLETE AN ANNUAL DISCLOSURE STATEMENT AND DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WITH RESPECT TO ALL BUSINESS AND FAMILY RELATIONSHIPS. IF THE BOARD IDENTIFIES ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST, SUCH PERSONS ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. THE GOAL OF THE POLICY IS TO PROTECT EQUIS INSTITUTE FROM PRIVATE INUREMENT OR POSSIBLE EXCESS BENEFIT TRANSACTIONS. FOLLOWING ARE THE MAIN ELEMENTS OF THE POLICY: 1. INTERESTED PERSON - ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN INTERESTED PERSON. 2. FINANCIAL INTEREST - A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY: A. AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, B. A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, OR C. A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT INSUBSTANTIAL. A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST. 1. DUTY TO DISCLOSE - IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS - AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. BOARD MEMBERS AND ORGANIZATIONAL LEADERSHIP WILL FILL OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT AT THE ANNUAL MEETING OF THE BOARD. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: A. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD-DELEGATED POWERS CONTAIN THE NAMES OF THE PERSONS WITH THE ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, AND ANY ACTION TAKEN. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS WILL ALSO BE INCLUDED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: EQUIS RESEARCH, AN AFFILIATED, BUT UN-RELATED ORGANIZATION FOR TAX PURPOSES, ISSUES COMPENSATION ON BEHALF OF EQUIS INSTITUTE. EQUIS RESEARCH AND EQUIS INSTITUTE HAVE A COST-SHARING AGREEMENT IN WHICH EQUIS INSTITUTE REIMBURSES EQUIS RESEARCH FOR EXPENSES INCURRED. THE COMPENSATION REPORTED FOR STEPHANIE VALENCIA, AND CARLOS ODIO IS EQUIS INSTITUTE'S ALLOCABLE SHARE. THE ORGANIZATION COMPENSATED DAN RESTREPO FOR CONSULTING SERVICES UNRELATED TO HIS BOARD DUTIES. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 2,368,072. MANAGEMENT AND GENERAL EXPENSES 261,984. FUNDRAISING EXPENSES 875. TOTAL EXPENSES 2,630,931. POLLING: PROGRAM SERVICE EXPENSES 530,667. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 530,667. TESTING: PROGRAM SERVICE EXPENSES 51,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,350. FOCUS GROUPS: PROGRAM SERVICE EXPENSES 10,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,750. DATA ACQUISITION & SERVICES: PROGRAM SERVICE EXPENSES 80,452. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 80,452. SHARED SERVICES FEE: PROGRAM SERVICE EXPENSES 272,054. MANAGEMENT AND GENERAL EXPENSES 563,068. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 835,122.