2015-08-11T07:18:10-05:00 2014-12-31 271728945 O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FL EAST STAMFORD CT 06905 990 2014-01-01 237213592 THE FRANKLIN & ELEANOR ROOSEVELT INSTITUTE FRAN 2124449130 570 LEXINGTON AVENUE FIFTH FLOOR NEW YORK NY 10022 FELICIA WONG CHIEF EXECUTIVE OFFICER 2124449130 2015-08-11 1 ROBIN STRONG P00713382 2033232400 2015-08-10 2014 2016-02-25 16:41:14Z FELICIA WONG 570 LEXINGTON AVENUE FIFTH FLOOR NEW YORK NY 10022 12633464 0 X WWW.ROOSEVELTINSTITUTE.ORG X 1987 NY FOR COMPLETE DESCRIPTION OF MISSION SEE SCHEDULE OUNTIL ECONOMIC AND SOCIAL RULES WORK FOR ALL AMERICANS, THEY'RE NOT WORKING. INSPIRED BY THE LEGACY OF FRANKLIN AND ELEANOR, THE ROOSEVELT INSTITUTE RE-IMAGINES THE RULES TO CREATE A NATION WHERE EVERYONE ENJOYS A FAIR SHARE OF OUR COLLECTIVE PROSPERITY. WE ARE A 21ST CENTURY THINK TANK BRINGING TOGETHER MULTIPLE GENERATIONS OF THINKERS AND LEADERS TO HELP DRIVE KEY ECONOMIC AND SOCIAL DEBATES AND HAVE LOCAL AND NATIONAL IMPACT. WE ADVANCE THIS MISSION THROUGH THE WORK OF OUR STAFF, FELLOWS, A NETWORK OF STUDENTS AND ALUMNI, AND OUR PARTNERS AT THE FDR PRESIDENTIAL LIBRARY. 23 23 45 0 0 0 4679124 5854423 0 0 184358 427168 -166151 -61440 4697331 6220151 17023 101458 0 0 2371014 2942284 0 13500 756604 6268521 2927029 8656558 5984271 -3959227 235880 14507089 15530663 542488 1063762 13964601 14466901 X UNTIL ECONOMIC AND SOCIAL RULES WORK FOR ALL AMERICANS, THEY'RE NOT WORKING. INSPIRED BY THE LEGACY OF FRANKLIN AND ELEANOR, THE ROOSEVELT INSTITUTE RE-IMAGINES THE RULES TO CREATE A NATION WHERE EVERYONE ENJOYS A FAIR SHARE OF OUR COLLECTIVE PROSPERITY. WE ARE A 21ST CENTURY THINK TANK BRINGING TOGETHER MULTIPLE GENERATIONS OF THINKERS AND LEADERS TO HELP DRIVE KEY ECONOMIC AND SOCIAL DEBATES AND HAVE LOCAL AND NATIONAL IMPACT. WE ADVANCE THIS MISSION THROUGH THE WORK OF OUR STAFF, FELLOWS, A NETWORK OF STUDENTS AND ALUMNI, AND OUR PARTNERS AT THE FDR PRESIDENTIAL LIBRARY. 0 0 2235767 58250 FOUR FREEDOMS CENTERWITH FELLOWS RANGING FROM NOBEL LAUREATES TO UP-AND-COMING THINKERS, THE FOUR FREEDOMS CENTER CONCENTRATES ON THE INTERSECTION OF STRUCTURAL CHANGES IN THE ECONOMY AND THE MYRIAD CHALLENGES FACING LOW-WAGE AND MIDDLE-CLASS WORKERS-WITH THE GOAL OF CONNECTING ECONOMIC RESEARCH TO ACTION AND IMPACT. TO DO THIS, WE'VE DEVELOPED A TWO-PRONGED STRATEGY. FIRST, WE ARE LINKING A VARIETY OF POLICY AREAS-TAX POLICY, CEO PAY, DOCUMENTATION OF RISING INEQUALITY, LABOR ISSUES AND WAGE STAGNATION-TO A SYSTEMIC ANALYSIS OF THE GROWTH OF THE FINANCIAL SECTOR AND THE POWER OF CAPITAL OVER THE LAST SEVERAL DECADES, WHERE WE HAVE SEEN CORPORATIONS CAPTURE THE LION'S SHARE OF THE COUNTRY'S PROSPERITY AND VERY LITTLE INVESTMENT OF THAT PROSPERITY IN WORKERS OR THE COMMON GOOD. SECOND, WE ARE DELIBERATELY CONNECTING THESE POLICY AND ACADEMIC ANALYSES TO WORK ON THE GROUND, ENSURING THAT OUR ADVOCACY AND ACTIVIST ALLIES CAN USE OUR WORK IN THEIR CAMPAIGNS. WE AIM TO CHANGE THE NARRATIVE AROUND, AND PUBLIC UNDERSTANDING OF, WHAT CREATES A HEALTHY 21ST CENTURY ECONOMY. AND WE SEEK TO BUILD MOMENTUM FOR POLITICAL VICTORIES THAT CAN LEAD TO A FINANCIAL SYSTEM THAT ACTUALLY WORKS FOR THE AMERICAN PUBLIC. 1546057 10893 NETWORKS THE ROOSEVELT CAMPUS NETWORK IS THE NATION'S LARGEST STUDENT POLICY ORGANIZATION, WITH CHAPTERS ON 120 CAMPUSES-FROM IVY LEAGUE INSTITUTIONS TO COMMUNITY COLLEGES-IN 38 STATES. OUR CHAPTERS WORK COLLECTIVELY TO PLACE A NEW GENERATION OF INFORMED CIVIC ACTORS ON THE NATION'S POLITICAL STAGE. THE CAMPUS NETWORK, WHOSE STUDENT LEADERSHIP IS 50% PEOPLE OF COLOR, IS WIDELY RECOGNIZED AS ONE OF THE MOST PROMINENT AND EFFECTIVE GROUPS COMMITTED TO YOUTH CIVIC ENGAGEMENT. THE NETWORK TRAINS AND EMPOWERS A CADRE OF LEADERS WHO ARE INNOVATIVE IN THEIR APPROACHES, PROACTIVE IN THEIR ENGAGEMENT, AND GROUNDED IN PROGRESSIVE VALUES AS THEY IMPLEMENT THEIR IDEAS AND WORK WITH DIVERSE COMMUNITIES NATIONWIDE. OUR MEMBERS ARE ACTIVELY INFLUENCING POLICY ON THE LOCAL, STATE AND NATIONAL LEVEL, FROM PASSING MANDATES FOR COMMUNITY COLLEGES TO ACCEPT EBT FROM STUDENTS TO DEVELOPING WALL STREET ACCOUNTABILITY CAMPAIGNS-IN COLLABORATION WITH ROOSEVELT FELLOWS-THAT ADDRESS THE HARMFUL EFFECTS OF FINANCIAL SECTOR GROWTH ON THEIR UNIVERSITIES AND COMMUNITIES. STUDENTS' POLICY PUBLICATIONS HAVE BEEN READ OVER HALF A MILLION TIMES WORLDWIDE AND GARNERED RECENT COVERAGE IN NATIONAL OUTLETS LIKE THE HUFFINGTON POST, THE NATION, AND MSNBC. IN 2015, THE CAMPUS NETWORK WAS RECOGNIZED WITH THE PRESTIGIOUS MACARTHUR AWARD FOR CREATIVE AND EFFECTIVE INSTITUTIONS. 475071 LIBRARYTHE ROOSEVELT INSTITUTE PROVIDED PROGRAM SUPPORT TO THE FRANKLIN D. ROOSEVELT PRESIDENTIAL LIBRARY AND MUSEUM, LOCATED IN HYDE PARK, NEW YORK. THE INSTITUTE PROVIDES FUNDING IN SUPPORT OF THE LIBRARY'S EDUCATIONAL AND PUBLIC PROGRAMS, AS WELL AS PERMANENT AND TEMPORARY EXHIBITS, WHICH ARE VISITED BY APPROXIMATELY 125,000 GUESTS PER YEAR. THE INSTITUTE ALSO SUPPORTS MAJOR INITIATIVES OF THE LIBRARY'S ARCHIVAL PROGRAM, INCLUDING FUNDING FOR RESEARCH GRANTS FOR VISITING SCHOLARS. 176633 32315 PIPELINES GOAL IS KEEPING YOUNG PEOPLE CONNECTED TO THE PROGRESSIVE MOVEMENT AND THE VALUES OF THE INSTITUTE. EXPENSES TOTALED $104,938 AND GRANTS OF $340LEGACIES AND EVENTS EXPENSES TOTALED $71,695 AND GRANTS OF $31,975 176633 32315 4433528 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 198 0 45 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X KATARINA K DUPLESSY 2124340774 570 LEXINGTON AVE FIFTH FLOOR NEW YORK NY 10022 ANNA ELEANOR ROOSEVELT CHAIR 2.00 X X 0 0 0 GEORGE KNOX VICE CHAIR 2.00 X X 0 0 0 WILLIAM J VANDEN HEUVEL FOUNDER & CHAIR EMERITUS 2.00 X X 0 0 0 WILLIAM GRIFFITH TREASURER 2.00 X X 0 0 0 BENJAMIN BARNES DIRECTOR 2.00 X 0 0 0 KAREN ADLER DIRECTOR 2.00 X 0 0 0 ADAM CONNER DIRECTOR 2.00 X 0 0 0 SARAH FITZRANDOLPH BROWN DIRECTOR 2.00 X 0 0 0 CHRISTIE GEORGE DIRECTOR 2.00 X 0 0 0 DONALD FOWLER DIRECTOR 2.00 X 0 0 0 FAY HARTOG-LEVIN DIRECTOR 2.00 X 0 0 0 SALLY MINARD DIRECTOR 2.00 X 0 0 0 PHOEBE ROOSEVELT DIRECTOR 2.00 X 0 0 0 GEORGE MORRIS GURLEY DIRECTOR 2.00 X 0 0 0 NANCY ROOSEVELT IRELAND DIRECTOR 2.00 X 0 0 0 PAUL RUDD DIRECTOR 2.00 X 0 0 0 DENNIS MURRAY DIRECTOR 2.00 X 0 0 0 KATRINA VANDEN HEUVEL DIRECTOR 2.00 X 0 0 0 FELICIA WONG PRESIDENT & CEO 40.00 X X 235450 0 59165 BRIAN WOLFF DIRECTOR 0.00 2.00 X 0 0 0 DAVID WILHELM DIRECTOR 2.00 X 0 0 0 CANTWELL F MUCKENFUSS III SECRETARY 2.00 X X 0 0 0 JOLANTA ILCZUK VP, FINANCE 40.00 X 77413 0 2267 CATHRYN HARDING DIRECTOR, COMMUNICATIONS 40.00 X 104801 0 19860 RICHARD KIRSCH SENIOR FELLOW 40.00 X 126076 0 5527 DAVID PALMER VP AND NTL DIRECTOR 40.00 X 131807 0 47290 GIORGIO ZEOLLA VP INSTITUTIONAL ADVANCEMENT 40.00 X 139106 0 39808 MICHAEL KONCZAL SENIOR FELLOW 40.00 X 110137 0 21633 924790 0 195550 6 0 1 0 RMZ HOLDINGS 5009 BELT ROAD NW WASHINGTON DC 20016 CONSULTANT 121619 YOUR PART TIME CONTROLLER 1500 WALNUT STREET SUITE 1200 PHILADELPHIA PA 19102 ACCOUNTING 103800 2 552706 27647 5274070 10383 5854423 195757 195757 6344335 6112924 231411 231411 231411 44380 552706 300389 -256009 -256009 OTHER INCOME 900099 194569 194569 194569 6220151 194569 0 171159 X 43208 43208 58250 58250 374295 103116 168065 103114 2050715 1492899 240471 317345 52336 38943 6644 6749 290200 209590 39742 40868 174738 116461 28723 29554 20143 4847 15296 171175 126072 28323 16780 13500 13500 30448 30448 1045302 891636 84095 69571 36833 33627 1392 1814 208934 164039 20021 24874 145672 107289 24103 14280 508508 388549 43347 76612 317921 289456 9228 19237 152078 139868 9852 2358 37628 7099 30529 19612 14736 2116 2760 CONSTRUCTION DESIGN 94334 94334 PUBLICATIONS, FILMS AND 81902 67187 5574 9141 REPAIRS AND MAINTENANCE 56539 42322 6170 8047 5984271 4433528 794139 756604 X 4620264 3662699 517433 1326826 45016 20055 527088 429241 122505 97847 8807381 10040043 394490 383193 14507089 15530663 542488 1063762 542488 1063762 X 6854333 6127395 5971120 7200358 1139148 1139148 13964601 14466901 14507089 15530663 235880 266420 0 X X 0 1 X 1 0 X 20926947 17198036 3641057 3966994 5301717 51034751 20926947 17198036 3641057 3966994 5301717 51034751 14227016 36807735 510603 644723 253364 175379 195757 1779826 35473 231076 266549 53081126 0.69340 0.68580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 8807381 428146 28608 775908 10040043 8226347 1020024 17023 421967 8807381 18251398 663407 82646 10605812 8226347 18121927 2140787 656039 95004 2572351 18251398 20428445 12799392 1950371 108127 16948154 18121927 0.65000 0.11000 0.24000 0 0 1532 1532 0 236849 140050 96799 288707 287659 1048 97847 COMMONFUND INST. MULTI-STRATEGY EQUITY FUND 5612108 F COMMONFUND INST. MULTI-STRATEGY BOND FUND 3836591 F COMMONFUND MONEY MARKET FUND 388276 F COMMONFUND INSTITUTIONAL COMMODITIES FUND 203068 F 10040043 X 6492696 266420 36573 302993 6189703 30448 30448 6220151 5990396 36573 36573 5953823 30448 30448 5984271 PART III, LINE 4: THE INSTITUTE'S ARTWORK IS STATED AT COST AND IS FOR USE IN THE FDR LIBRARY'S VISITORS CENTER. IN ADDITION, THE INSTITUTE HOLDS A DONATED COLLECTION OF AUTOGRAPHS OF FRANKLIN D. ROOSEVELT, BOOKS AND DOCUMENTS WHICH ARE STATED AT THE APPRAISED VALUE AT THE DATE OF DONATION AND ARE STORED IN THE FDR LIBRARY. PART V, LINE 4: THE ORGANIZATION MAINTAINS VARIOUS DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG-TERM SUPPORT FOR ITS CHARITABLE PROGRAMS. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF THE INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE INSTITUTE HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE INSTITUTE IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2011. 1 0 0 0 0 0 0 0 0 0 STIPEND PROVIDED TO FUND THE ACTIVITIES PERFORMED BY THE GRANTEES OF THE WOMEN AND GIRLS RISING PROGRAM WERE AS FOLLOW: 1. EACH GRANTEE PARTICIPATED IN A TWO-DAY CONFERENCE, SEPTEMBER 11-12, 2014 HELD AT THE FORD FOUNDATION IN NEW YORK2. MANY GRANTEES ALSO WROTE ESSAYS FOR THE FORTHCOMING PUBLICATION BY ELLEN CHESLER AND TERRY MCGOVERN, EDITORS, WOMEN AND GIRLS RISING: PROGRESS AND RESISTANCE AROUND THE WORLD (ROUTLEDGE PRESS: LONDON AND NEW YORK, 2015). EAST ASIA AND THE PACIFIC 4 11000 CHECK STIPEND PROVIDED TO FUND THE ACTIVITIES PERFORMED BY THE GRANTEES OF THE WOMEN AND GIRLS RISING PROGRAM WERE AS FOLLOW: 1. EACH GRANTEE PARTICIPATED IN A TWO-DAY CONFERENCE, SEPTEMBER 11-12, 2014 HELD AT THE FORD FOUNDATION IN NEW YORK2. MANY GRANTEES ALSO WROTE ESSAYS FOR THE FORTHCOMING PUBLICATION BY ELLEN CHESLER AND TERRY MCGOVERN, EDITORS, WOMEN AND GIRLS RISING: PROGRESS AND RESISTANCE AROUND THE WORLD (ROUTLEDGE PRESS: LONDON AND NEW YORK, 2015). EUROPE (INCLUDING ICELAND & GREENLAND) 1 5000 CHECK STIPEND PROVIDED TO FUND THE ACTIVITIES PERFORMED BY THE GRANTEES OF THE WOMEN AND GIRLS RISING PROGRAM WERE AS FOLLOW: 1. EACH GRANTEE PARTICIPATED IN A TWO-DAY CONFERENCE, SEPTEMBER 11-12, 2014 HELD AT THE FORD FOUNDATION IN NEW YORK2. MANY GRANTEES ALSO WROTE ESSAYS FOR THE FORTHCOMING PUBLICATION BY ELLEN CHESLER AND TERRY MCGOVERN, EDITORS, WOMEN AND GIRLS RISING: PROGRESS AND RESISTANCE AROUND THE WORLD (ROUTLEDGE PRESS: LONDON AND NEW YORK, 2015). MIDDLE EAST AND NORTH AFRICA 2 6000 CHECK STIPEND PROVIDED TO FUND THE ACTIVITIES PERFORMED BY THE GRANTEES OF THE WOMEN AND GIRLS RISING PROGRAM WERE AS FOLLOW: 1. EACH GRANTEE PARTICIPATED IN A TWO-DAY CONFERENCE, SEPTEMBER 11-12, 2014 HELD AT THE FORD FOUNDATION IN NEW YORK2. MANY GRANTEES ALSO WROTE ESSAYS FOR THE FORTHCOMING PUBLICATION BY ELLEN CHESLER AND TERRY MCGOVERN, EDITORS, WOMEN AND GIRLS RISING: PROGRESS AND RESISTANCE AROUND THE WORLD (ROUTLEDGE PRESS: LONDON AND NEW YORK, 2015). NORTH AMERICA 1 1750 CHECK STIPEND PROVIDED TO FUND THE ACTIVITIES PERFORMED BY THE GRANTEES OF THE WOMEN AND GIRLS RISING PROGRAM WERE AS FOLLOW: 1. EACH GRANTEE PARTICIPATED IN A TWO-DAY CONFERENCE, SEPTEMBER 11-12, 2014 HELD AT THE FORD FOUNDATION IN NEW YORK2. MANY GRANTEES ALSO WROTE ESSAYS FOR THE FORTHCOMING PUBLICATION BY ELLEN CHESLER AND TERRY MCGOVERN, EDITORS, WOMEN AND GIRLS RISING: PROGRESS AND RESISTANCE AROUND THE WORLD (ROUTLEDGE PRESS: LONDON AND NEW YORK, 2015). SOUTH AMERICA 2 7500 CHECK STIPEND PROVIDED TO FUND THE ACTIVITIES PERFORMED BY THE GRANTEES OF THE WOMEN AND GIRLS RISING PROGRAM WERE AS FOLLOW: 1. EACH GRANTEE PARTICIPATED IN A TWO-DAY CONFERENCE, SEPTEMBER 11-12, 2014 HELD AT THE FORD FOUNDATION IN NEW YORK2. MANY GRANTEES ALSO WROTE ESSAYS FOR THE FORTHCOMING PUBLICATION BY ELLEN CHESLER AND TERRY MCGOVERN, EDITORS, WOMEN AND GIRLS RISING: PROGRESS AND RESISTANCE AROUND THE WORLD (ROUTLEDGE PRESS: LONDON AND NEW YORK, 2015). SOUTH ASIA 5 14500 CHECK STIPEND PROVIDED TO FUND THE ACTIVITIES PERFORMED BY THE GRANTEES OF THE WOMEN AND GIRLS RISING PROGRAM WERE AS FOLLOW: 1. EACH GRANTEE PARTICIPATED IN A TWO-DAY CONFERENCE, SEPTEMBER 11-12, 2014 HELD AT THE FORD FOUNDATION IN NEW YORK2. MANY GRANTEES ALSO WROTE ESSAYS FOR THE FORTHCOMING PUBLICATION BY ELLEN CHESLER AND TERRY MCGOVERN, EDITORS, WOMEN AND GIRLS RISING: PROGRESS AND RESISTANCE AROUND THE WORLD (ROUTLEDGE PRESS: LONDON AND NEW YORK, 2015). SUB-SAHARAN AFRICA 4 12500 CHECK 0 0 0 0 0 0 PART I, LINE 2: THERE IS A SMALL NUMBER OF GRANTS AWARDED OUTSIDE THE COUNTRY WHICH MAKES MONITORING EASIER. THE FINANCE DEPARTMENT OVERSEES THE PROCESSING OF FUNDS APPROVED BY THE INSTITUTE TO ENSURE COMPLIANCE WITH INTERNAL POLICIES. DPSA 403685 383405 20280 18229 69214 28800 109168 BURNS GALA 2014 189401 165301 24100 13163 40700 21115 1 4000 4000 597086 552706 44380 31392 109914 28800 130283 300389 -256009 1 CAMPUS NETWORK CHAPTER GRANTS 16 10893 LEGACY PROGRAM FELLOWSHIPS/GRANTS-IN-AIDE 19 31975 PIPELINE GRANTS 2 340 PART I, LINE 2: PROGRAMMATICALLY: SELF-ASSESS ACTIVITIES AND IMPACT PLUS REPORT BACK TO FUNDERS MONITORING: FINANCE DEPARTMENT MONITORS USE OF FUNDS 1 X X X 0 0 0 0 0 0 0 0 0 FELICIA WONG PRESIDENT & CEO 225450 0 10000 0 0 0 12000 0 47165 0 294615 0 0 0 DAVID PALMER VP AND NTL DIRECTOR 131807 0 0 0 0 0 2958 0 44332 0 179097 0 0 0 GIORGIO ZEOLLA VP INSTITUTIONAL ADVANCEMENT 139106 0 0 0 0 0 1812 0 37996 0 178914 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 KATRINA VANDEN HEUVEL AND WILLIAM VANDEN HEUVEL HAVE A FAMILIAL RELATIONSHIP. ANNA ELEANOR ROOSEVELT, PHOEBE ROOSEVELT, AND NANCY ROOSEVELT IRELAND HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED BY THE TAX PROFESSIONALS IN CONJUNCTION WITH THE INSTITUTE'S ACCOUNTING/FINANCE DEPARTMENT. THE RETURN IS FIRST REVIEWED BY THE PRESIDENT AND CFO. THE RETURN IS THEN PRESENTED TO THE AUDIT COMMITTEE FOR THEIR REVIEW BEFORE IT IS FILED. A FINAL COPY IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PROCEDURES FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY ARE STATED IN THE INSTITUTE'S PERSONNEL POLICY AND PROCEDURES MANUAL. FORM 990, PART VI, SECTION B, LINE 15 PROCEDURES FOR ESTABLISHING EXECUTIVE COMPENSATION IS OUTLINED IN THE INSTITUTES' POLICY AND PROCEDURES MANUAL. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE'S MANAGEMENT MAKES THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 1023 AND ALL 990 TAX INFORMATION AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON-LINE WITH GUIDESTAR. FORM 990, PART IX, LINE 11G PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 4,235. MANAGEMENT AND GENERAL EXPENSES 952. FUNDRAISING EXPENSES 564. TOTAL EXPENSES 5,751. RECRUITING: PROGRAM SERVICE EXPENSES 18,586. MANAGEMENT AND GENERAL EXPENSES 4,175. FUNDRAISING EXPENSES 2,474. TOTAL EXPENSES 25,235. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 44,191. MANAGEMENT AND GENERAL EXPENSES 9,927. FUNDRAISING EXPENSES 5,882. TOTAL EXPENSES 60,000. FELLOWS AND CONSULTANTS: PROGRAM SERVICE EXPENSES 341,884. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 341,884. CONSULTANTS OTHER: PROGRAM SERVICE EXPENSES 178,935. MANAGEMENT AND GENERAL EXPENSES 66,224. FUNDRAISING EXPENSES 56,468. TOTAL EXPENSES 301,627. AWARDS AND STIPENDS: PROGRAM SERVICE EXPENSES 303,805. MANAGEMENT AND GENERAL EXPENSES 2,817. FUNDRAISING EXPENSES 4,183. TOTAL EXPENSES 310,805. PART XI LINE 2C THE INSTITUTE HAS AN AUDIT COMMITTEE WHICH HAS BEEN ASSIGNED THE RESPONSIBILITY TO 1) ENGAGE THE AUDITORS, 2) MEET TO DISCUSS PLANNING, 3) MEET TO REVIEW THE RESULTS OF THE AUDIT AND DISCUSS THE FINANCIAL STATEMENTS, 4) DISCUSS ANY INTERNAL CONTROL ISSUES, 5) DISCUSS ANY FUTURE ISSUES THAT MIGHT AFFECT THE INSTITUTE AND 6) DISCUSS THE TAX RETURN. THE COMMITTEE REPORTS ITS FINDINGS TO THE BOARD. THERE WAS NO CHANGE TO THE POLICY IN THE CURRENT YEAR.