2015-07-09T10:40:23-05:00 2014-08-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2013-09-01 131664054 The Philharmonic Symphony Society of NY Inc % PAMELA KATZ DIR OF FINANCE PHIL 2128755000 10 LINCOLN CENTER PLAZA Suite NEW YORK NY 100236973 WILLIAM THOMAS CFO 2128755000 2015-07-07 true 212-949-8700 P00736879 2128755000 2013 2016-02-25 16:41:14Z MATTHEW VANBESIEN 10 LINCOLN CENTER PLAZA NEW YORK NY 100236973 94762684 false X WWW.NYPHIL.ORG X 1853 NY TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, TO INCULCATE IN ITS MEMBERS IN NEW YORK CITY AND THE WORLD at large an interest in symphony music. 51 47 868 153 0 29637673 30228393 27100822 28794767 12904632 11868958 -574088 -803907 69069039 70088211 0 0 0 0 48888109 49235065 571077 501646 4273659 24290125 23520062 73749311 73256773 -4680272 -3168562 230198865 242118526 42977058 48372038 187221807 193746488 X TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, TO INCULCATE IN ITS MEMBERS IN THE COMMUNITY OF NEW YORK CITY AND THE WORLD AT LARGE AN INTEREST IN SYMPHONY MUSIC, AND IN ORDER TO FOSTER SUCH INTEREST AND THE APPRECIATION OF MUSIC, AMONG OTHER THINGS, TO CAUSE THE PERFORMANCE OF SYMPHONIC AND OTHER MUSICAL PERFORMANCES IN THE CONCERT AND OTHER HALLS, AND BY AUDIO AND VISUAL RECORDINGS AND LIVE PERFORMANCES BROADCAST OVER THE RADIO, TELEVISION AND THE WORLD WIDE WEB. false false 55132991 28794767 DURING THE 2013/2014 SEASON 117 REGULAR SUBSCRIPTION CONCERTS WERE PERFORMED FOR THE LISTENING AUDIENCE OF 261,105. THE NEW YORK PHILHARMONIC CONCERT PERFORMANCES MAINTAIN AND FOSTER AN INTEREST IN SYMPHONIC MUSIC FOR INDIVIDUALS OF DIVERGING CULTURES AND BACKGROUNDS. THE NEW YORK PHILHARMONIC SPONSORS A NUMBER OF EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS. SOME OF THESE PROGRAMS ARE AS FOLLOWS: (1) MUSICAL ENCOUNTERS OFFERS STUDENTS IN THE 4TH - 12TH GRADES A CLOSE LOOK AT THE NEW YORK PHILHARMONIC AND THE EXCITING WORLD OF ORCHESTRAL MUSIC. (2) TEACHERS SEMINARS ARE OPEN TO BOTH MUSIC AND NON-MUSIC TEACHERS. THESE PROFESSIONAL DEVELOPMENT SEMINARS EXPLORE BASIC PRINCIPLES OF MUSIC, AND THE REPERTOIRE OF THE NEW YORK PHILHARMONIC. EACH SEMINAR IS TAUGHT BY A FACULTY MEMBER OF THE PHILHARMONIC'S EDUCATION DEPARTMENT AND IS FOLLOWED BY AN EVENING CONCERT BY THE NEW YORK PHILHARMONIC. (3) THE NEW YORK PHILHARMONIC SUPPORTS A PARTNERSHIP PROGRAM WITH A NUMBER OF NEW YORK CITY PUBLIC SCHOOLS. THE GOALS OF THE PROGRAM ARE (A) TO BUILD A FUNDAMENTAL KNOWLEDGE OF MUSIC, OF A SYMPHONY ORCHESTRA AND ITS REPERTOIRE AMONG TEACHERS, STUDENTS AND PARENTS; (B) TO DEVELOP AN ONGOING MULTI-YEAR RELATIONSHIP WITH A BODY OF SCHOOLS IN NEW YORK CITY; AND (C) TO SET A STANDARD OF EXCELLENCE WHICH DEFINES A COMMUNITY. THE PROGRAM INVOLVES PROFESSIONAL DEVELOPMENT FOR TEACHERS, WORKSHOP FOR PARENTS, AND ONGOING IN-SCHOOL SESSIONS FOR STUDENTS SHARED BY THEIR TEACHERS AND TEACHING ARTISTS FROM THE NEW YORK PHILHARMONIC. (4) OPEN REHEARSALS. SCHOOL GROUPS AND THE GENERAL PUBLIC ARE INVITED ON SELECTED MORNINGS TO WATCH THE FASCINATING PROCESS OF A NEW YORK PHILHARMONIC REHEARSAL. (5) YOUNG PEOPLES CONCERTS ARE FORMED TO INTRODUCE YOUNG LISTENERS TO SOME OF THE GREAT MASTERWORKS OF ORCHESTRA, AND SOME OF THE WORLD'S GREAT MUSICIANS. WRITTEN MATERIALS ARE DISTRIBUTED TO THE CHILDREN AT THE CONCERTS. BEFORE EACH YOUNG PEOPLES CONCERT, FAMILIES CAN ENJOY CHILDREN'S PROMENADES, FEATURING A COLORFUL HOUR OF EXCITING DEMONSTRATIONS, MUSIC-MAKING ACTIVITIES AND A CHANCE FOR CHILDREN TO MEET MEMBERS OF THE ORCHESTRA. FOUR CONCERTS ARE PERFORMED PER SEASON. THIS SEASON PERFORMANCE WAS 10,388 INDIVIDUALS. IN 2005-06 THE ORCHESTRA INTRODUCED VERY YOUNG PEOPLE'S CONCERTS FOR PRESCHOOLERS. NINE CONCERTS REACHED AN AUDIENCE OF 3,257 PEOPLE DURING THE 2013-14 SEASON. "LIVE FROM LINCOLN CENTER" TELEVISION PERFORMANCES. TWO CONCERTS WERE NATIONALLY TELEVISED TO BRING ORCHESTRA INTO OUR HOMES. THE NEW YORK PHILHARMONIC PERIODICALLY MAKES RECORDINGS OF ITS PERFORMANCE FOR INTERNATIONAL SALES AND BROADCASTS ITS PERFORMANCES OVER THE RADIO NATIONALLY AND INTERNATIONALLY. THESE RECORDINGS BRINGS CLASSICAL MUSIC TO PEOPLE ALL OVER THE WORLD AND FOSTER THEIR APPRECIATION OF SYMPHONIC MUSIC AND REPERTOIRE. EACH SEASON THE NEW YORK PHILHARMONIC ORCHESTRA GOES ON TOUR INSIDE AND OUTSIDE THE UNITED STATES. THE TOUR HELPS TO FOSTER THE GLOBAL REPUTATION OF THE NEW YORK PHILHARMONIC BY BRINGING CLASSICAL MUSIC TO A BROADER AUDIENCE AND DIFFERENT CULTURES. FIFTEEN TOUR CONCERTS WERE ENJOYED BY AN AUDIENCE OF OVER 33,956 PEOPLE. 55132991 true true false false false false false true false true true true false false true true true false false false true false false true true false false false false true false false false false false false false true true false false false false false false false false true X 742 0 true 868 true false true CJ CA UC EI false false false true true false false false false X 51 47 false false false false true true true true true false false false true true true true true true true false AZ CA CO CT DC FL GA IL KY LA ME MD MA MI NH NJ NM NY NC OH OK OR PA RI SC TN VA WA WV WI X X PAMELA KATZ DIR OF FINANCE 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 100236973 X LAWRENCE D ACKMAN DIRECTOR 4.0 0.0 X 0 0 0 ALEC BALDWIN DIRECTOR 4.0 0.0 X 0 0 0 JOSHUA BELL DIRECTOR 4.0 0.0 X 0 0 0 DR CLEMENS BORSIG DIRECTOR 4.0 0.0 X 0 0 0 YEFIM BRONFMAN DIRECTOR 4.0 0.0 X 0 0 0 KENNETH A BUCKFIRE DIRECTOR 4.0 0.0 X 0 0 0 James Buckman Director (through 9/12/13) 4.0 0.0 X 0 0 0 LAURA CHANG DIRECTOR 4.0 0.0 X 0 0 0 ANGELA CHEN DIRECTOR 4.0 0.0 X 0 0 0 PETER D CUMMINGS DIRECTOR 4.0 0.0 X 0 0 0 TOOS N DARUVALA DIRECTOR 4.0 0.0 X 0 0 0 LODEWIJK DE VINK JR DIRECTOR 4.0 0.0 X 0 0 0 Fred Krimendahl Died Director (through 1/1/14) 4.0 0.0 X 0 0 0 J CHRISTOPHER FLOWERS DIRECTOR 4.0 0.0 X 0 0 0 ANNABELLE K GARRETT DIRECTOR 4.0 0.0 X 0 0 0 TIMOTHY M GEORGE TREASURER 4.0 0.0 X X 0 0 0 WHOOPI GOLDBERG DIRECTOR 4.0 0.0 X 0 0 0 PAUL B GUENTHER DIRECTOR 4.0 0.0 X 0 0 0 GURNEE F HART DIRECTOR 4.0 0.0 X 0 0 0 GERALD L HASSELL DIRECTOR 4.0 0.0 X 0 0 0 ROBERT S HEKEMIAN JR DIRECTOR 4.0 0.0 X 0 0 0 ROBERT C HENRIKSON DIRECTOR 4.0 0.0 X 0 0 0 Ludmila Hess Director (through 9/3/13) 4.0 0.0 X 0 0 0 STEVEN HEYER DIRECTOR 4.0 0.0 X 0 0 0 ANN JOHNSON DIRECTOR 4.0 0.0 X 0 0 0 PETER JUNGEN DIRECTOR 4.0 0.0 X 0 0 0 Mitsuhiko Kawai Director (through 3/31/14) 4.0 0.0 X 0 0 0 HONEY M KURTZ DIRECTOR 4.0 0.0 X 0 0 0 CHRISTIAN A LANGE DIRECTOR 4.0 0.0 X 0 0 0 KAREN T LEFRAK DIRECTOR 4.0 0.0 X 0 0 0 WILLIAM M LEWIS JR DIRECTOR 4.0 0.0 X 0 0 0 Alan MacDonald Director (through 9/6/13) 4.0 0.0 X 0 0 0 PETER W MAY DIRECTOR 4.0 0.0 X 0 0 0 HAROLD MITCHELL DIRECTOR 4.0 0.0 X 0 0 0 CHARLES F NIEMETH DIRECTOR 4.0 0.0 X 0 0 0 ELIZABETH A NEWMAN DIRECTOR 4.0 0.0 X 0 0 0 C ALLEN PARKER DIRECTOR 4.0 0.0 X 0 0 0 GARY W PARR CHAIRMAN 4.0 0.0 X X 0 0 0 ITZHAK PEARLMAN DIRECTOR 4.0 0.0 X 0 0 0 JOEL I PICKET DIRECTOR 4.0 0.0 X 0 0 0 ANTONIO QUINTELLA DIRECTOR 4.0 0.0 X 0 0 0 SUSAN ROSE DIRECTOR 4.0 0.0 X 0 0 0 CAROL D SCHAEFER DIRECTOR 4.0 0.0 X 0 0 0 OSCAR S SCHAFER DIRECTOR 4.0 0.0 X 0 0 0 SHIRLEY BACOT SHAMEL DIRECTOR 4.0 0.0 X 0 0 0 LARRY A SILVERSTEIN DIRECTOR 4.0 0.0 X 0 0 0 DAISY M SOROS SECRETARY 4.0 0.0 X X 0 0 0 MOTOMU TAKAHASHI DIRECTOR 4.0 0.0 X 0 0 0 OSCAR L TANG DIRECTOR 4.0 0.0 X 0 0 0 PAMELA THOMAS-GRAHAM DIRECTOR 4.0 0.0 X 0 0 0 BOBBY TUDOR DIRECTOR 4.0 0.0 X 0 0 0 RONALD J ULRICH DIRECTOR 4.0 0.0 X 0 0 0 DARIA L WALLACH DIRECTOR 4.0 0.0 X 0 0 0 MARY J WALLACH DIRECTOR 4.0 0.0 X 0 0 0 SANDRA F WARSHAWSKY DIRECTOR 4.0 0.0 X 0 0 0 SHIRLEY YOUNG DIRECTOR 4.0 0.0 X 0 0 0 WILLIAM R THOMAS SENIOR VICE PRESIDENT 40.0 0.0 X 317686 0 199990 R MATTHEW VANBESIEN President and Exec Dir 40.0 0.0 X 573312 0 53177 ALAN GILBERT MUSIC DIRECTOR 40.0 0.0 X 1721470 0 30100 CARTER BREY MUSICIAN 40.0 0.0 X 380469 0 148039 GLENN E DICTEROW MUSICIAN 40.0 0.0 X 520671 0 95253 PHILIP F MYERS MUSICIAN 40.0 0.0 X 381318 0 47898 PHILIP A SMITH MUSICIAN 40.0 0.0 X 369266 0 86383 LIANG WANG MUSICIAN 40.0 0.0 X 344008 0 43518 4608200 0 704358 131 false true false DCM Inc 45 MAIN STREET SUITE 816 BROOKLYN NY 11201 TELEFUNDRAISING SERV 500000 BLUETUBE INTERACTIVE LLC 1123 ZONOLITE ROAD SUITE 9 ATLANTA GA 30306 INFO. TECHNOLOGY 409260 OPUS 3 ARTISTS LLC 470 PARK AVENUE SOUTH 9TH FLOOR NEW YORK NY 10016 ARTIST MGMT AGENCY 547020 SD A TELESERVICES 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90453 TELEmarketing SERV 362277 BUDD ENTERPRISE LTD PO BOX 2254 GRAND CENTRAL STATION NEW YORK NY 10017 TRUCKING COMPANY 352592 13 479762 4999783 308800 24440048 3434126 30228393 CONCERT RECEIPTS 711130 27791509 27791509 RECORDING AND BROADCASTING 711130 1003258 1003258 28794767 3722759 3722759 0 55010 55010 0 0 0 31510480 97000 23267281 194000 8243199 -97000 8146199 8146199 354275 4999783 1213192 -858917 -858917 0 0 0 70088211 28794767 11065051 0 0 0 0 2615850 1704250 911600 0 35992457 28861085 5313842 1817530 4014956 2771505 976578 266873 4496239 3226295 1003071 266873 2115563 1461375 520751 133437 0 43200 43200 93000 93000 0 501646 501646 630102 630102 544498 5000 313415 226083 4673661 4438707 184156 50798 3032964 2027519 745914 259531 657593 643982 13611 0 516029 516029 2729895 2453652 265194 11049 0 6804 5498 1306 2558 2558 0 1368087 1368087 135091 39450 95641 PRODUCTION 5168333 5168333 MISCELLANEOUS 1235660 293233 217505 724922 CONCERT HALL RENTAL 2682587 2682587 73256773 55132991 13850123 4273659 345322 523178 7752316 10977836 17811720 14849987 1555142 1136317 0 0 0 0 119125 120728 0 0 1827426 2371993 29062011 15261377 13834519 13800634 92903747 93040170 94049548 105297683 0 0 0 0 0 0 230198865 242118526 3854860 3701792 0 0 12830053 13900190 0 0 0 0 0 0 0 0 0 0 26292145 30770056 42977058 48372038 X -24886621 -27785927 87582015 95136328 124526413 126396087 187221807 193746488 230198865 242118526 X -3168562 15017281 -5324038 X false true X true false X 35295729 34767854 26728181 29637673 30228393 156657830 0 0 35295729 34767854 26728181 29637673 30228393 156657830 25058930 131598900 2287271 2995967 3327274 3088413 3777769 15476694 0 0 172134524 141459938 0.76451 0.75094 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 194239186 1425022 25725821 15563500 205826529 189134266 560914 20524483 15980475 194239188 195554222 2172763 5800915 14393634 189134266 183468756 2474587 21910774 12299892 195554225 177461265 9424342 11088462 14505313 183468756 0.01000 0.61000 0.38000 false false 11117027 7946878 3170149 17944984 7314499 10630485 13800634 ALTERNATIVE INVESTMENTS 105297683 F 105297683 0 ACCRUED PENSION LIABILITY 25979458 ACCRUED POSTRETIREMENT BENEFIT 4088384 ANNUITIES PAYABLE 702214 30770056 X 79222329 15017281 70978 -5324038 9764221 69458108 630103 630103 70088211 72697648 70978 70978 72626670 630103 630103 73256773 DESCRIPTION OF COLLECTIONS SCHEDULE D PART III LINE 4 DESCRIPTION OF COLLECTIONS: THE SOCIETY'S COLLECTIONS CONSIST OF ORIGINAL SCORES OF MUSIC AND OTHER HISTORIC PHOTOGRAPHS. SCHEDULE D PART V LINE 4 USES OF THE SOCIETY'S ENDOWMENTS: THE SOCIETY'S ENDOWMENT CONSISTS OF BOTH DONOR RESTRICTED AND BOARD DESIGNATED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING, BUT NOT LIMITED TO, INSTRUMENT CHAIRS, EDUCATION, AND GUEST SOLOISTS AND CONDUCTORS. SCHEDULE D PART X DISCLOSURE OF LIABILITY FOR UNCERTAIN TAX POSITIONS: The Society is subject to the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. Due to the Society's general not-for-profit status, ASC Topic 740 has not had, and is not anticipated to have, a material impact on the Society's financial statements. The annual compliance and tax filings of the Society are subject to examination by the Internal Revenue Service, as well as by other various state and local authorities, generally for three years after they are submitted. Management believes that the Society has no exposure for examinations of its returns for fiscal years prior to 2011. PART XII RECONCILIATION OF REVENUE LINE 2D OTHER REVENUE REPORTED IN FINANCIAL STATEMENT NOT INCLUDED IN 990: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY $ ($57,711) PENSION & POST-RETIREMENT BENEFIT PLAN ADJUSTMENT (5,266,327) ---------- $ (5,324,038) =========== Central America and the Caribbean Investments 30871620 Central America and the Caribbean Investments 7362719 Europe (Including Iceland and Greenland) Investments 12272783 Europe (Including Iceland and Greenland) Investments 12774484 North America Investments 7720737 East Asia and the Pacific Program Services CONCERT TOURS 1640843 Central America and the Caribbean Program Services CONCERT TOURS 55797 72698983 72698983 false false false true true false Schedule F, Part IV, Lines 4 and 5 Foreign Investment Filings: The Society maintains investments in foreign partnerships and passive foreign investment companies. All required filings, if any, are completed appropriately and timely filed on behalf of the Society by the respective fund manager. X X X X X true DCM INC TELEPHONE FUNDRAISER false 1507196 501646 1005550 1507196 501646 1005550 CA CT FL GA IL KY LA MD MA MI NH NJ NM NY NC OK OR PA RI SC TN VA WA WV WI OPENING NIGHT 2866255 2697455 168800 720586 SPRING GALA 1192373 1133973 58400 212019 3 1295430 1168355 127075 280587 5354058 4999783 354275 1213192 1213192 -858917 X true true X X X X X X false false false false false false false false false CARTER BREY MUSICIAN 380469 0 0 0 0 0 109486 0 38553 0 528508 0 0 GLENN E DICTEROW MUSICIAN 520671 0 0 0 0 0 56700 0 38553 0 615924 0 0 ALAN GILBERT MUSIC DIRECTOR 1721470 0 0 0 0 0 0 0 30100 0 1751570 0 0 PHILIP F MYERS MUSICIAN 381318 0 0 0 0 0 34370 0 13528 0 429216 0 0 PHILIP A SMITH MUSICIAN 369266 0 0 0 0 0 60200 0 26183 0 455649 0 0 WILLIAM R THOMAS SENIOR VICE PRESIDENT 317686 0 0 0 0 0 169890 0 30100 0 517676 0 0 R MATTHEW VANBESIEN President and Exec Dir 573312 0 0 0 0 0 32567 0 20610 0 626489 0 0 LIANG WANG MUSICIAN 344008 0 0 0 0 0 29990 0 13528 0 387526 0 0 Form 990, Sched J, Part I, Line 3 COMPENSATION Practices: THE SOCIETY ENGAGES A CONSULTANT TO ASSIST WITH THE SEARCH PROCESS FOR KEY EMPLOYEES. THE CONSULTANT PROVIDES SALARY INFORMATION FOR COMPARABLE POSITIONS WITH SIMILAR ORGANIZATIONS AND RECOMMENDS A SALARY RANGE FOR THE VACANCY. CANDIDATES ARE INTERVIEWED BY THE PRESIDENT, THE SENIOR VICE PRESIDENT, THE HUMAN RESOURCES DIRECTOR AND OTHER EMPLOYEES AS APPROPRIATE. THE CHAIRMAN OF THE BOARD AND SELECT BOARD MEMBERS MAY INTERVIEW THE FINAL CANDIDATE(S)AS DEEMED APPROPRIATE. The amount shown on Schedule J, Column c, "Retirement and other deferred compensionation" represents the annual increase in actuarial value of the defined benefit plan only Form 990, Schedule J, Part I, Line 1a First Class or Charter Travel: First class flights are not used. On occasion, when there is no commercial flight available to accommodate the touring schedule of the orchestra, a charter flight must be used instead. GERALD HASSELL DIRECTOR 187500 Investment Custodial Fees false Joshua Bell Director 131310 Performance fees to mgmt co false X 70 3434126 FAIR VALUE false true false PART VI, Section A, LINE 6 MEMBERSHIP: NEW MEMBERS OF THE BOARD OF DIRECTORS ARE NOMINATED BY A SUBCOMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE FULL BOARD. PART VI, Section B, LINE 11b REVIEW PROCESS FOR FORM 990: THE SOCIETY'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE DEPARTMENT. WHEN THE SOCIETY'S STAFF AND ACCOUNTING FIRM APPROVE THE DRAFT RETURN, IT IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE SOCIETY'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: THE SOCIETY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL OFFICERS, DIRECTORS, AND SENIOR STAFF TO REVIEW AND DISCLOSE POTENTIAL CONFLICTS ANNUALLY. RESPONSES ARE COMPILED AND REVIEWED ANNUALLY. PART VI, SECTION B, LINE 15b COMPENSATION Practices: THE SOCIETY ENGAGES A CONSULTANT TO ASSIST WITH THE SEARCH PROCESS FOR KEY EMPLOYEES. THE CONSULTANT PROVIDES SALARY INFORMATION FOR COMPARABLE POSITIONS WITH SIMILAR ORGANIZATIONS AND RECOMMENDS A SALARY RANGE FOR THE VACANCY. CANDIDATES ARE INTERVIEWED BY THE PRESIDENT, THE SENIOR VICE PRESIDENT, THE HUMAN RESOURCES DIRECTOR AND OTHER EMPLOYEES AS APPROPRIATE. THE CHAIRMAN OF THE BOARD AND SELECT BOARD MEMBERS MAY INTERVIEW THE FINAL CANDIDATE(S)AS DEEMED APPROPRIATE. PART VI, SECTION C, LINE 19 PUBLIC INSPECTION: FINANCIAL STATEMENTS ARE POSTED ON THE SOCIETY'S WEBSITE. CONFLICT OF INTEREST POLICY AND CERTAIN GOVERNMENT DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS RECONCILIATION OF NET ASSETS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY $ ($57,711) PENSION & POST-RETIREMENT BENEFIT PLAN ADJUSTMENT (5,266,327) ---------- TOTAL ADJUSTMENT $ (5,324,038) ===========