2014-11-14T10:58:28-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 101 NORTH TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2013-01-01 570337132 BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY BISH 8437623300 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 LYNNE KERRISON CFO 5434066298 2014-11-14 1 JOHN NORMAN P01506766 7049985200 2013 2015-11-30 17:44:51Z C WILLIAM TRAWICK 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 61683517 0 X WWW.BISHOPGADSDEN.ORG X 1948 SC TO PROVIDE HOUSING AND OTHER HEALTH CARE SERVICES THROUGH OPERATION OF A FAITH-BASED RETIREMENT FACILITY. 14 14 471 300 0 0 624520 1208924 23901290 24655355 1211940 5529197 893727 1003476 26631477 32396952 315534 360289 0 0 11401258 11594321 0 0 276048 13757134 13954563 25473926 25909173 1157551 6487779 128267639 134360370 105727327 105005247 22540312 29355123 X FOUNDED BY THE FOURTH EPISCOPAL BISHOP OF SOUTH CAROLINA IN 1850 , BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY UPHOLDS THE TRADITION OF A FAITH-BASED, NOT-FOR-PROFIT ORGANIZATION DEDICATED TO THE WELL-BEING OF THOSE PERSONS, WHO BECAUSE OF AGE, PERSONAL CONDITIONS, HEALTH AND THEIR EXPRESS DESIRE, CHOSE TO RESIDE IN A RETIREMENT COMMUNITY. BISHOP GADSDEN IS A MISSION-DRIVEN, NOT PROFIT DRIVEN, ORGANIZATION. IT HAS A LONG-TERM OBLIGATION TO ITS RESIDENTS. IT IS COMMITTED TO REMOVING FINANCIAL BARRIERS TO RESIDENCY. ITS ROOTS IN THE GREATER CHARLESTON COMMUNITY SPAN OVER 160 YEARS, AND, THROUGH THE YEARS, IT HAS RESPONDED TO SPECIFIC NEEDS OF THE GREATER COMMUNITY. IT HAS LONG BEEN OPEN TO ALL MEN AND WOMEN WITHOUT REGARD TO RACE, CREED, RELIGIONS, SEXUAL PREFERENCE OR NATIONAL ORIGIN. 0 0 16462894 25635295 RETIREMENT COMMUNITY:BISHOP GADSDEN SERVES APPROXIMATELY 435 SENIOR ADULTS, 62 YEARS OF AGE AND OLDER, RESIDING IN FOUR LEVELS OF CARE: INDEPENDENT COMMUNITY (215 UNITS), ASSISTED LIVING (80 UNITS), MEMORY SUPPORT (19 BEDS) AND SKILLED NURSING CARE (50 BEDS). BISHOP GADSDEN OPERATES TO MEET THE PRIMARY NEEDS OF SENIOR CITIZENS BY PROVIDING (1) RESIDENTIAL FACILITIES DESIGNED TO MEET PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS AND SIMILAR NEEDS OF THE ELDERLY; (2) ACCESS TO HEALTHCARE SERVICES AS NEEDED; (3) ASSURANCE THAT THE ORGANIZATION IS RUN IN A FISCALLY RESPONSIBLE MANNER; AND (4) THE COMMITMENT OF FINANCIAL SECURITY TO ANY RESIDENT WHO RUNS OUT OF MONEY THROUGH NO FAULT OF HIS/HER OWN. 360289 360289 RESIDENT ASSISTANCE PROGRAM:BISHOP CHRISTOPHER GADSDEN FOUNDED THE HOME FOR ORPHANS AND WIDOWS IN 1850, TO ASSIST THOSE IN NEED. HIS VISION FOR A CARING COMMUNITY IS THE HEART AND SOUL OF THE ORGANIZATION NOW CALLED BISHOP GADSDEN. AT THE CORE OF BISHOP GADSDEN, IS THE BELIEF AND EXECUTION OF THE CHARITABLE MISSION. SINCE 1995, BISHOP GADSDEN'S RESIDENT ASSISTANCE FUND HAS DONATED MORE THAN $2.9 MILLION IN CHARITABLE CARE TO RESIDENTS FACING FINANCIAL DIFFICULTIES. THE RESIDENT ASSISTANCE FUND ALLEVIATES ANY ANXIETIES RESIDENTS AND THEIR FAMILIES HAVE BY ASSURING THEM THAT THEY WILL CONTINUE TO RECEIVE THE CARE THEY NEED REGARDLESS OF WHETHER THEY CAN PAY. THROUGH THE CONTINUED EFFORTS OF BISHOP GADSDEN RESIDENTS, FAMILIES, STAFF, AND OTHER ORGANIZATIONS, THE RESIDENT ASSISTANCE FUND CONTINUES TO BE HIGH PRIORITY. THIS IMPERATIVE FUND ALLOWS BISHOP GADSDEN TO ASSIST RESIDENTS AND FUTURE RESIDENTS THAT, BY NO FAULT OF THEIR OWN, CAN NO LONGER AFFORD THEIR CONTINUED CARE. ALL RESIDENTS THAT ARE RECEIVING MONIES FROM THE RESIDENT ASSISTANCE FUND ARE BETWEEN THE AGES OF 73-98; THEY COME FROM THE GREATER CHARLESTON AREA, ARE BOTH MALE AND FEMALE, AND CROSS ALL SOCIOECONOMIC LINES. THEIR QUALIFICATIONS RANGE FROM HAVING A PAST STRONG COMMITMENT TO THEIR CHURCH COMMUNITY-THROUGH VOLUNTEERING TIME AND TALENTS. SOME RESIDENTS HAVE MADE SIGNIFICANT CONTRIBUTION TO THE CHARLESTON AREA AND/OR BEYOND. THEIR CONTRIBUTIONS MAY BE OF AN ARTISTIC NATURE, ONE OF PUBLIC SERVICE, OR THE ABILITY TO HAVE CREATED A POSITIVE PHILOSOPHICAL CHANGE.BISHOP GADSDEN WILL CONTINUE TO EXTEND ASSISTANCE TO RESIDENTS, ACTING ON THE FIRM BELIEF THAT REMOVING ECONOMIC BARRIERS TO RESIDENCY IS PART OF ITS MISSION. 33000 OUTREACH PROGRAM:THROUGHOUT BISHOP GADSDEN'S EXISTENCE, A GIVING COMMITMENT HAS BEEN ON THE FOREFRONT RESULTING IN OVER $3,300,000 DOLLARS IN CHARITABLE CARE AND GIFTS BEING RAISED FOR AND DISTRIBUTED TO OTHER NON-PROFIT ORGANIZATIONS IN OUR LOCAL COMMUNITY. - THE RESIDENT OUTREACH COMMITTEE: AS PART OF THE BISHOP GADSDEN'S RESIDENTS' COUNCIL, THIS COMMITTEE CHOOSES TO SUPPORT A SPECIFIC CHARITABLE ORGANIZATION(S) EACH YEAR. LED BY RESIDENTS, WITH ASSISTANCE FROM STAFF, THE COMMITTEE SETS A FUNDRAISING GOAL AND CONDUCTS ALL SOLICITATIONS AND APPEALS. IN 2013, THIS IMPORTANT COMMITTEE RAISED $71,000 FOR SEA ISLAND HABITAT FOR HUMANITY. IN PREVIOUS YEARS, THE COMMITTEE HAS SUPPORTED TRICOUNTY FAMILY MINISTRIES, THE BARRIER ISLANDS FREE MEDICAL CLINIC, CHARLESTON AREA SENIOR CITIZENS, INC., CRISIS MINISTRIES AND MANY MORE.- THE GENEROUS SPIRIT PROGRAM: OFFICIALLY ORGANIZED IN 2009 AS AN OPPORTUNITY FOR RESIDENTS, FAMILIES AND STAFF TO SUPPORT AND VOLUNTEER TOGETHER ON IMPORTANT AND WORTHWHILE PROJECTS FOR THE GREATER CHARLESTON COMMUNITY. PROJECTS HAVE INCLUDED DONATING TIME AND MONEY TO ALL CAUSES, SUCH AS, THE AMERICAN HEART AND ALZHEIMER'S ASSOCIATIONS, PROJECT COOL BREEZE, JAPAN EARTHQUAKE RELIEF, SUSAN G. KOMEN, WATER MISSION'S INTERNATIONAL, TRIDENT UNITED WAY, THE RONALD MACDONALD HOUSE, CHARLESTON AREA THERAPEUTIC RIDING, AND PET HELPERS. SINCE ITS FORMAL ORGANIZATION, MORE THAN $505,000 IN CASH, $3,000 OF IN-KIND ITEMS (CLOTHES, FURNITURE, LINENS, PILLOWS, BLANKETS, BOOKS, SHOES, AND OTHER MISCELLANEOUS ITEMS TO ORGANIZATIONS SUCH AS PET HELPERS, CHARLESTON PUBLIC LIBRARY AND GOODWILL,) AND IN 2013, NEARLY 16,000 HOURS OF VOLUNTEER TIME HAS BEEN GIVEN BY RESIDENTS AND STAFF, TO AREA AND NATIONAL CHARITIES.- OTHER PUBLIC SUPPORT: THE ORGANIZATION PROVIDES OTHER SUPPORT TO THE LOCAL COMMUNITY, SUCH AS THE FREE USE OF OFFICE SPACE TO LOCAL CHARITIES, STUDENT INTERNSHIPS FROM LOCAL COLLEGES, TUTORING SERVICES TO THE ELEMENTARY SCHOOL NEXT DOOR, SPACE FOR AFTER SCHOOL ACTIVITIES, PERFORMANCE SPACE FOR SCHOOLS AND OTHER LOCAL GROUPS, FOOD DONATIONS TO LOCAL FOOD BANKS, THE OPERATION OF A COMMUNITY FESTIVAL TO THANK THE LOCAL COMMUNITY AND THE LOCAL FIRST RESPONDERS, AND OTHER ACTIVITIES MEANT TO CEMENT THE ORGANIZATION'S RELATIONSHIP WITH THE LOCAL COMMUNITY. 16856183 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 51 0 471 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X LYNNE KERRISON CFO 8434066298 1 BISHOP GADSDEN WAY CHARLESTON SC 29412 WALLACE T BONAPARTE BOARD MEMBER 1.00 X 0 0 0 JAMES T GETTYS III CHAIR 1.00 X 0 0 0 JAMES BENNETT BOARD MEMBER 1.00 X 0 0 0 BRIAN A HUSSAIN SECRETARY/TREASURER 1.00 X 0 0 0 DR LAYTON MCCURDY BOARD MEMBER 1.00 X 0 0 0 THE RT REV JC BUCHANAN BOARD MEMBER 1.00 X 0 0 0 WE APPLEGATE III BOARD MEMBER 1.00 X 0 0 0 DOROTHY PAGLIARO BOARD MEMBER 1.00 X 0 0 0 SUSAN G LEGARE BOARD MEMBER 1.00 X 0 0 0 BARBARA CHRISTIE BOARD MEMBER 1.00 X 0 0 0 DR FRANK MIDDLETON VICE CHAIR 1.00 X 0 0 0 HEYWARD CARTER JR ESQUIRE BOARD MEMBER 1.00 X 0 0 0 THE REV ALASTAIN VOTAW BOARD MEMBER 1.00 X 0 0 0 WARREN MERSEREAU BOARD MEMBER 1.00 X 0 0 0 THE RT REV CHARLES VONROSENBERG EX-OFFICIO 1.00 X 0 0 0 C WILLIAM TRAWICK PRESIDENT/CEO 50.00 X 257360 0 35591 SARAH E H TIPTON VICE PRESIDENT/COO 50.00 X 130664 0 29637 LYNNE L KERRISON CFO 50.00 X 118566 0 12527 506590 0 77755 3 0 1 0 SYSCO FOOD SERVICES 131 SYSCO COLUMBIA SC 29209 FOOD PURVEYOR 1426427 BLUECROSS BLUESHIELD PO BOX 6000 COLUMBIA SC 29260 INSURANCE 1423290 RLPS ARCHITECTS 250 VALLEY LANCASTER PA 17601 ARCHITECT 1196097 SCE&G PO BOX 100255 COLUMBIA SC 29202 ELECTRIC 1158011 TIS INSURANCE SERVICES PO BOX 10328 KNOXVILLE TN 37939 INSURANCE 652809 5 1208924 1208924 RESIDENT REVENUE 623000 24655355 24655355 24655355 781269 781269 23536 0 23536 23536 23536 34034493 29276277 10288 4758216 -10288 4747928 4747928 FORFEITURES & TERM INC 900099 699954 699954 279986 279986 979940 32396952 25635295 0 5552733 360289 360289 9399268 8037161 1256839 105268 166701 -34971 201904 -232 1342385 36290 1306160 -65 685967 588380 89862 7725 16580 16580 59813 59813 136400 136400 1233459 1157580 65952 9927 143038 48592 31541 62905 202895 82017 101255 19623 201876 3597 182815 15464 1774576 1746936 26204 1436 38795 9305 28628 862 60703 19438 39866 1399 1986917 1986917 4348583 4348583 752696 752696 DIETARY SUPPLIES 1890690 1890690 OTHER SUPPLIES 653284 622840 29533 911 HEALTHCARE SUPPLIES 112332 112332 MINOR EQUIPMENT 77633 58893 18740 264293 129897 83571 50825 25909173 16856183 8776942 276048 8400211 4368480 522 1057458 45 36956 53961 97707 125367 124908 465937 537418 121477145 44530634 76367568 76946511 40065420 48662428 2788608 2528504 128267639 134360370 2102289 2918969 47571312 49116774 55058599 51961556 995127 1007948 105727327 105005247 X 18711532 24525154 2334737 3295667 1494043 1534302 22540312 29355123 128267639 134360370 X 6487779 347795 -20763 X X 0 1 X 1 0 X 799513 942474 751759 624520 1208924 4327190 20475753 21670289 23490279 23901290 24655355 114192966 21275266 22612763 24242038 24525810 25864279 118520156 10210 10210 2382922 2008245 1732645 1368317 1928264 9420393 2382922 2008245 1742855 1368317 1928264 9430603 109089553 806417 857351 819519 812080 804904 4100271 806417 857351 819519 812080 804904 4100271 28651 28651 1590751 465272 1069958 868075 979986 4974042 23701085 23935386 26131515 26205965 27649169 127623120 0.85480 0.84640 0.03210 0.03930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 PART II-B, LINE 1: THIS AMOUNT REPRESENTS THE PORTION OF MEMBERSHIP DUES ATTRIBUTABLE TO LOBBYING. 2199789 40259 248070 4500 2483618 1971626 7641 225022 4500 2199789 1940168 44405 -8447 4500 1971626 1629579 180635 134454 4500 1940168 1328711 12442 288426 1629579 0.61780 0.38220 0 0 13570020 13570020 92804636 35873510 56931126 13208083 8235050 4973033 1894406 422074 1472332 76946511 INVESTMENTS 34680326 F ASSETS LIMITED AS TO USE 13146365 F FIDUCIARY ASSETS 835737 F 48662428 GIFT ANNUITIES 560850 OTHER LIABILITIES 447098 1007948 X 32723984 347795 -20763 327032 32396952 0 32396952 25909173 0 25909173 0 25909173 PART V, LINE 4: THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE AND GROW CAPITAL, STRIVE FOR CONSISTENT ABSOLUTE RETURNS, PRESERVE PURCHASING POWER BY STRIVING FOR LONG-TERM RETURNS WHICH EITHER MATCH OR EXCEED THE SET PAYOUT, CONTROL FEES AND INFLATION WITHOUT PUTTING THE PRINCIPAL VALUE AT IMPRUDENT RISK, AND DIVERSIFY INVESTMENTS CONSISTENT WITH COMMONLY ACCEPTED INDUSTRY STANDARDS TO MINIMIZE THE RISK OF LARGE LOSSES. PART X, LINE 2: BISHOP GADSDEN IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BISHOP GADSDEN QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). BISHOP GADSDEN FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD ITS TAX STATUS BE CHALLENGED IN THE FUTURE, THE 2010 - 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. EFFECTIVE JANUARY 1, 2009, BISHOP GADSDEN ADOPTED THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE FINALIZED. THE ADOPTION OF THIS STANDARD HAD NO SIGNIFICANT IMPACT ON THE FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -20,763. 1 FINANCIAL ASSISTANCE 360289 PART I, LINE 2: FINANCIAL ASSISTANCE IS GIVEN TO RESIDENTS WHO QUALIFY FOR RESIDENCY IN EVERY WAY EXCEPT FINANCIAL. ALL PROSPECTIVE RESIDENTS SEEKING FINANCIAL ASSISTANCE UNDERGO THE SAME SCREENING THAT ALL OTHER PROSPECTIVES RESIDENTS DO. IF A CURRENT RESIDENT SEEKS FINANCIAL ASSISTANCE, BISHOP GADSDEN REQUIRES AN UPDATE OF HIS/HER CONFIDENTIAL FINANCIAL INFORMATION. WE MAY ALSO REQUIRE FURTHER DOCUMENTS IN THE FORM OF TAX RETURNS AND/OR BANK STATEMENTS. A RESIDENT IS NEVER ASKED TO LEAVE BISHOP GADSDEN IF HE/SHE OUTLIVES RESOURCES THROUGH NO FAULT OF HIS/HER OWN. X X X X X 0 1 0 0 0 0 0 0 0 C WILLIAM TRAWICK PRESIDENT/CEO 197815 0 15000 0 44545 0 27395 0 8196 0 292951 0 0 0 SARAH E H TIPTON VICE PRESIDENT/COO 103164 0 10000 0 17500 0 22388 0 7249 0 160301 0 0 0 PART I, LINE 3 C. WILLIAM TRAWICK (PRESIDENT/CEO) AND SARAH E.H. TIPTON (VICE PRESIDENT/COO) PARTICIPATE IN 457(B) AND 401(K) DEFERRED COMPENSATION PLANS. AT THE END OF THE YEAR THE TOTAL AMOUNT OF EMPLOYER CONTRIBUTIONS TO THE 457(B) PLANS WERE $17,000 AND $17,000, RESPECTIVELY. ALSO, AT THE END OF THE YEAR THE TOTAL AMOUNT OF EMPLOYER CONTRIBUTIONS TO THE 401(K) PLANS WERE $10,395 AND $5,388, RESPECTIVELY. THIS COMPENSATION IS REFLECTED AS PART OF THE DEFERRED COMPENSATION REPORTED ON FORM 990, PART VII AND IN SCHEDULE J, PART II, COLUMN (C). SCHEDULE J: EXPLANATION OF COMPENSATION FOR C. WILLIAM TRAWICK, PRESIDENT/CEO: BASE COMPENSATION: THE BOARD FINANCE/EXECUTIVE COMPENSATION COMMITTEE ANNUALLY REVIEWS NATIONAL INDUSTRY COMPENSATION DATA FROM LEADINGAGE, OUR NATIONAL PROFESSIONAL ASSOCIATION, AS WELL AS FORM 990 INFORMATION FROM REGIONAL RETIREMENT COMMUNITIES WITH SIMILAR RESIDENT POPULATIONS AND REVENUES. THE TARGET HAS BEEN TO COMPENSATE EXECUTIVE MANAGEMENT IN THE 80TH PERCENTILE OF LIKE COMMUNITIES. AS PART OF THE PRESIDENT/CEO'S EMPLOYMENT CONTRACT, HE WILL RECEIVE A LIFECARE CONTRACT UPON ENTRY TO BISHOP GADSDEN, IF HE CHOOSES. THE EMPLOYMENT CONTRACT ALSO GIVES HIM THE OPTION OF FORGOING THE LIFECARE CONTRACT AND TAKING THE CASH VALUE INSTEAD. AS OF DECEMBER 31, 2013, THE PRESIDENT/CEO HAD A VESTED BALANCE OF $261, 980, ALL OF WHICH HAS BEEN PREVIOUSLY INCLUDED IN HIS W-2 WAGES AS THE AMOUNTS HAVE BECOME VESTED TO HIM. BONUS & INCENTIVE COMPENSATION: IN YEARS WHEREIN THE ORGANIZATION ACHIEVES EXCEPTIONAL OPERATIONAL EFFICIENCIES AND COST SAVINGS OR UNDERTAKES EXTRAORDINARY STRATEGIC INITIATIVES, THE BOARD MAY GRANT BONUS COMPENSATION. THIS WAS DONE IN 2013. OTHER REPORTABLE COMPENSATION: THE PRESIDENT/CEO CHOSE TO "SELL BACK" PAID TIME OFF (PTO) HOURS IN THE AMOUNT OF $12,950.40, WHICH HAD ACCUMULATED DUE TO LENGTHY TENURE. THIS WAS DONE IN ACCORDANCE WITH BISHOP GADSDEN'S PAID TIME OFF POLICY. THIS IS NON-RECURRING COMPENSATION. A SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 837033JV2 2007-04-01 28867719 REFUNDING OF SERIES 2003 0 0 0 B SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 837033JG5 2006-04-06 20755000 CONVERSION TO FIXED RATE - SERIES 2002 0 0 0 C SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 837033JE7 2002-10-01 20770000 REFUNDING OF SERIES 1995 & 1997 0 0 0 A 7600000 28185000 2481940 542135 25843644 1 1 1 1 B 3130000 20755000 1036732 228908 2740302 16749058 2003 0 0 1 1 C 5200000 20770000 1037562 229092 2742495 16760851 2003 1 0 1 1 A 0 0 0 0 0.01300 0.01300 0 0 0 B 0 0 0 0 0.01300 0.01300 0 0 0 C 0 0 0 0 0.01300 0.01300 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 1 1 WELLS FARGO 10.000000000000 0 0 0 0 0 A 0 B 0 C 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 WAS PROVIDED TO THE GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH BOARD YEAR, ALL MEMBERS OF THE BOARD OF TRUSTEES, ARE REQUIRED TO COMPLETE A "CONFLICT OF INTEREST" STATEMENT. AFTER THE STATEMENTS ARE TURNED IN, THEY ARE REVIEWED BY THE CHAIRMAN OF THE BOARD AND THE PRESIDENT/CEO WHO TAKE ACTION. EITHER THE BOARD MEMBER IS ASKED TO RESOLVE THE CONFLICT OR HE/SHE IS ASKED TO RECUSE HIM OR HERSELF FROM VOTING ON MATTERS WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT/CEO'S COMPENSATION EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF INTEREST RATE SWAP 0. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -20,763. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.