2013-05-15T15:01:10-05:00 2012-06-30 560574444 CHERRY BEKAERT LLP P O BOX 1119 LYNCHBURG VA 245051119 990 2011-07-01 540534105 SWEET BRIAR INSTITUTE SWEE 4343816231 PO BOX 1051 SWEET BRIAR VA 245951051 SCOTT C SHANK 4343816231 2013-05-13 1 SAMUEL E JOHNSON P00019699 4348476643 2013-05-10 2011 2016-02-24 21:20:13Z SCOTT C SHANK PO BOX 1051 SWEET BRIAR VA 245951051 50784503 0 X WWW.SBC.EDU X 1901 VA SWEET BRIAR PREPARES WOMEN (AND AT THE GRADUATE LEVEL, MEN AS WELL) TO BE PRODUCTIVE, RESPONSIBLE MEMBERS OF A WORLD COMMUNITY. IT FOCUSES ON PERSONAL AND PROFESSIONAL ACHIEVEMENT THROUGH A CUSTOMIZED EDUCATIONAL PROGRAM THAT COMBINES THE LIBERAL ARTS, PREPARATION FOR CAREERS AND INDIVIDUAL DEVELOPMENT. THE FACULTY AND STAFF GUIDE STUDENTS TO BECOME ACTIVE LEARNERS, TO REASON CLEARLY, TO SPEAK AND WRITE PERSUASIVELY AND TO LEAD WITH INTEGRITY. THEY DO SO BY CREATING AN EDUCATIONAL ENVIRONMENT THAT IS BOTH INTENSE AND SUPPORTIVE AND WHERE LEARNING OCCURS IN MANY DIFFERENT VENUES, INCLUDING THE CLASSROOM, THE COMMUNITY AND THE WORLD. 25 24 1089 850 477697 -74212 7284350 7981632 30332648 29845502 3179163 8305291 929389 560529 41725550 46692954 9609216 10872026 0 0 19992806 18899217 0 0 2243247 16275800 17247420 45877822 47018663 -4152272 -325709 174048856 158441271 37222997 31408930 136825859 127032341 X TO PROVIDE A LIBERAL ARTS EDUCATION TO STUDENTS. 0 0 13534173 21771563 INSTRUCTION: TO PROVIDE A LIBERAL ARTS EDUCATION FOR ALL STUDENTS. BENEFITS APPROXIMATELY 700 STUDENTS. 6142974 7444528 AUXILIARY ENTERPRISES: TO PROVIDE STUDENTS WITH HOUSING, FOOD SERVICES, RECREATION AND INSTRUCTIONAL MATERIALS. BENEFITS APPROXIMATELY 700 STUDENTS. 10872026 10872026 SCHOLARSHIPS: TO PROVIDE SCHOLARSHIPS FOR STUDENTS. BENEFITS APPROXIMATELY 632 STUDENTS. 7487582 0 712243 STUDENT SERVICES: TO PROVIDE VARIOUS SERVICES SUCH AS ADMISSIONS, FINANCIAL AID, CAREER PLANNING, CHAPLAIN, DEAN, HEALTH CENTER AND REGISTRAR. PROGRAM REVENUE IS FROM MULTIPLE SOURCES INCLUDING ADMISSIONS, LATES FEES, SALES & SERVICE, ALUMNAE ASSOCIATION REVENUE, AND ON CAMPUS CATERING. BENEFITS APPROXIMATELY 700 STUDENTS. RESEARCH: TO PROVIDE GRANTS FOR FACULTY. ACADEMIC SUPPORT: TO PROVIDE ACADEMIC SERVICES SUCH AS LIBRARY, AUDIO-VISUAL & ACADEMIC DEAN. 7487582 712243 38036755 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 1006 0 1 1089 1 1 1 1 FR SP 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X SWEET BRIAR COLLEGE 4343816231 PO BOX 1051 SWEET BRIAR VA 245951051 DR JO ELLEN PARKER 40.00 X X 274928 0 57011 MR PAUL G RICE 4.00 X X 0 0 0 MS ELIZABETH HSWYATT 4.00 X X 0 0 0 MS ELVIRA MCMILLAN TATE 4.00 X X 0 0 0 DR DAVID W BRENEMAN 4.00 X 0 0 0 MS DIANE B DALTON 4.00 X 0 0 0 MS JANE HAGER 4.00 X 0 0 0 MS SALLY KITCHIN 4.00 X 0 0 0 MS JO ANN KRAMER 4.00 X 0 0 0 MS KAREN G MEYER 4.00 X 0 0 0 MS ZEHRA R ASGHAR 4.00 X 0 0 0 MS CHRISTINE BOULWARE 4.00 X 0 0 0 MS CATHERINE DETERING 4.00 X 0 0 0 MS SUSAN C EWING 4.00 X 0 0 0 MS JUDY W GRANT 4.00 X 0 0 0 MS DANELLE HOUCK 4.00 X 0 0 0 MS MARSHA T HORTON 4.00 X 0 0 0 MR RICHARD E LESLIE 4.00 X 0 0 0 MS MARY J NELSON 4.00 X 0 0 0 MS MAGGIE S PATRICK 4.00 X 0 0 0 MS ANNE L POULET 4.00 X 0 0 0 MS ELLEN H SAUNDERS 4.00 X 0 0 0 MS YOLANDA D SAUNDERS 4.00 X 0 0 0 MS KIMBERLY SHRADER 4.00 X 0 0 0 MS ANNE SYMONDS 4.00 X 0 0 0 MR SCOTT C SHANK 40.00 X 156006 0 34394 MRS HEIDI MCCRORY 40.00 X 129733 0 22984 560667 0 114389 3 0 1 0 ARAMARK EDUCATIONAL SERVICES LLC 1101 MARKET STREET PHILADELPHIA PA 19107 CONTRACTED SERVICES 1070871 VMDO ARCHITECTS PC 200 EAST MARKET STREET CHARLOTTESVILLE VA 22902 ARCHITECTURAL SERVICES 218776 2 1485343 6496289 360928 7981632 TUITION AND FEES 611710 21771563 21771563 STUDENT SERVICES 611710 7444528 7444528 ADMIN. REVENUE 611710 483556 483556 SALES & SERVICES 611710 115796 115796 LATE FEES & FINES 611710 30059 30059 29845502 1961889 1961889 10433708 1243 4050188 41361 6383520 -40118 6343402 6343402 FLORENCE ELSTON INN 721000 355158 355158 MISCELLANEOUS 611710 78462 78462 CATERING 722320 77383 4370 73013 49526 49526 560529 46692954 29928334 477697 8305291 10423794 10423794 448232 448232 527962 527962 14599896 12092419 1269428 1238049 653891 520430 77729 55732 2058216 1637760 245069 175387 1059252 816025 155840 87387 76840 7721 51094 18025 92241 10160 82081 530970 530970 2554627 2251970 156609 146048 117304 51841 65463 1323590 968278 147423 207889 526718 359903 160506 6309 1513815 1513815 563786 473067 23332 67387 581578 480151 73184 28243 2384501 8968 2375533 2394962 2265377 129585 168148 109901 58247 ADMINISTRATIVE EXPENSES 2285751 1799482 485994 275 REPAIR AND MAINTENANCE 666762 513176 121259 32327 SUPPLIES 406270 406270 OTHER LIBRARY 317889 317889 741668 560126 66816 114726 47018663 38036755 6738661 2243247 2958822 1710070 2945597 4100419 586674 628382 1488069 1551595 180125 154886 113947 200793 89509029 35213916 55928081 54295113 53531363 36828737 36660560 42827437 7621191 7034527 12034427 9109312 174048856 158441271 2187776 1069734 1094337 1093869 1052882 772841 31932572 27665216 955430 807270 37222997 31408930 X 46770575 32427530 29866774 33945292 60188510 60659519 136825859 127032341 174048856 158441271 X -325709 -9467809 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 96207845 607707 -2303383 875538 6450381 610600 86575650 85269954 1504007 15264875 1124587 4077021 629383 96207845 74352610 4834394 8750377 777236 1290637 599554 85269954 94856060 2144422 -16462757 3500830 2311821 372464 74352610 0.18000 0.60000 0.22000 0 0 73050340 24943642 48106698 2739891 2310670 429221 12932088 7959604 4972484 786710 786710 54295113 INTERNATIONAL EQUITIES 23816645 F COMMODITIES 7586265 F HEDGE FUNDS 11424527 F 42827437 DIVIDENDS AND INTEREST RECEIVABLE 1782 DEFERRED CHARGES 297750 CONTRIBUTIONS RECEIVABLE 1289513 BENEFICIAL INTEREST IN PERPETUAL TRUST 7212280 AMOUNT DUE FROM JUNIOR YR IN SPAIN 307987 9109312 ANNUITIES PAYABLE 512099 ASSET RETIREMENT OBLIGATION 61632 CAPITAL LEASE OBLIGATION 233539 807270 46692954 47018663 -325709 -9467809 -9467809 -9793518 27320019 -9467809 1009555 -8458254 35778273 10914681 10914681 46692954 37113537 1009555 1009555 36103982 10914681 10914681 47018663 PART III, LINE 1A: THE INSTITUTE OWNS A COLLECTION OF VARIOUS OBJECTS OF ART. THESE ITEMS ARE HELD FOR PUBLIC EXHIBITION RATHER THAN FOR FINANCIAL GAIN AND ARE KEPT PROTECTED AND PRESERVED. IT IS THE INSTITUTE'S POLICY TO USE ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. ACCORDINGLY, THE INSTITUTE DOES NOT RECOGNIZE CONTRIBUTIONS OF WORKS OF ART, NOR ARE WORKS OF ART CAPITALIZED AND RECORDED ON THE STATEMENTS OF FINANCIAL POSITION. PART III, LINE 4: THE ART COLLECTIONS AND ANTIQUITIES SUPPORT THE EDUCATIONAL PURPOSE OF THE INSTITUTE. STUDENTS MAJORING IN ART HISTORY AND ARTS MANAGEMENT ACT AS CURATORS AND MAINTAIN THE COLLECTIONS. STUDENTS ARE INVOLVED IN COLLEGE AND COMMUNITY EXHIBITIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE MAJORITY OF ENDOWMENT FUNDS ARE USED TO PROVIDE STUDENT SCHOLARSHIPS AND SUPPORT FOR INSTRUCTION, RESEARCH, AND ACADEMIC PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED IN THE FASB ASC ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THAT BECAME EFFECTIVE FOR THE INSTITUTE ON JULY 1, 2009. MANAGEMENT BELIEVES THAT THE INSTITUTE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2012 AND 2011. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE INSTITUTE HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2012 AND 2011. THE INSTITUTE IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO THE YEAR ENDING JUNE 30, 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -113,534. NET UNREALIZED LOSS ON LONG TERM INVESTMENTS-UNRESTRICTED -12,143,202. NET UNREALIZED GAIN ON LONG TERM INVESTMENTS-TEMPORARILY RESTRICTED 2,788,927. TOTAL TO SCHEDULE D, PART XI, LINE 8: -9,467,809. PART XII, LINE 2D - OTHER ADJUSTMENTS: JUNIOR YEAR IN SPAIN REVENUE 1,009,555. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF REVENUE ON FINANCIALS 10,914,681. PART XIII, LINE 2D - OTHER ADJUSTMENTS: JUNIOR YEAR IN SPAIN EXPENSE 1,009,555. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF REVENUE ON FINANCIALS 10,914,681. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 SWEET BRIAR COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM LARGE GEOGRAPHICAL SECTIONS OF THE UNITED STATES AND FOREIGN COUNTRIES. THE COLLEGE FOLLOWS A RACIAL NONDISCRIMINATORY POLICY AND HAS COMPLIED WITH SECTION 4.02 OF THE INTERNAL REVENUE PROCEDURE 75-50. THE COLLEGE PUBLICIZES ITS NONDISCRIMINATORY POLICY IN ITS CATALOG. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FORM 990, SCHEDULE E, LINE 6A FINANCIAL ASSISTANCE FROM GOVERNMENT AGENCIES: COLLEGE WORK STUDY $ 75,513 PELL GRANTS 705,350 TEACHER ED ASSISTANCE FOR COLLEGE & HIGHER ED GRANTS 4,000 SEOG 54,569 NATIONAL SCIENCE FOUNDATION 234,772 DEPARTMENT OF EDUCATION 191,561 NATIONAL ENDOWMENT FOR THE ARTS 4,309 NATIONAL ENDOWMENT FOR THE HUMANITIES 11,583 DEPARTMENT OF DEFENSE 30,952 TOTAL FINANCIAL ASSISTANCE FROM GOVERMENT AGENCIES $ 1,312,609 1 EUROPE - FRANCE 2 17 PROGRAM SERVICES EDUCATIONAL PROGRAM 1645543 EUROPE - SPAIN 1 4 PROGRAM SERVICES EDUCATIONAL PROGRAM 1135825 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM FEES 25533 EUROPE 0 0 PROGRAM SERVICES SCHOLARSHIPS 269962 EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIPS 146650 SOUTH AMERICA 0 0 PROGRAM SERVICES SCHOLARSHIPS 31620 3 21 0 0 3 21 3255133 0 3255133 SCHOLARSHIPS TO FOREIGN STUDENTS EUROPE 23 269962 PAYMENT APPLIED TO TUITION ACCOUNT 0 SCHOLARSHIPS TO FOREIGN STUDENTS EAST ASIA AND PACIFIC 10 146650 PAYMENT APPLIED TO TUITION ACCOUNT 0 SCHOLARSHIPS TO FOREIGN STUDENTS SOUTH AMERICA 1 31620 PAYMENT APPLIED TO TUITION ACCOUNT 0 0 0 0 0 0 0 STUDENTS APPLY FOR SCHOLARSHIPS AND ARE AWARDED AMOUNTS THROUGH THE FINANCIAL AID PROCESS. THE FINANCIAL AID OFFICE DETERMINES THE AMOUNTS TO AWARD BASED ON CERTAIN CRITERIA AND AMOUNTS ARE DISBURSED AND POSTED TO STUDENTS' TUITION AND FEES ACCOUNT. PART III, COLUMN (E): SCHOLARSHIPS ARE CREDITED TO STUDENT TUITION ACCOUNTS AT SWEET BRIAR COLLEGE. ANY STUDENT ACCOUNT THAT HAS A CREDIT BALANCE AFTER POSTING SCHOLARSHIP AMOUNTS WILL BE REFUNDED BY COLLEGE CHECK. 1 SCHOLARSHIPS FOR STUDENTS TO ATTEND SWEET BRIAR COLLEGE 598 10423794 0 SCHEDULE I, PART I: SCHOLARSHIP PROCESS: INSTITUTIONAL MERIT SCHOLARSHIPS ARE AWARDED ON THE BASIS OF DEMONSTRATED ACADEMIC EXCELLENCE AND PROMISE FOR FUTURE SUCCESS AT THE COLLEGE. WHILE A NUMBER OF FACTORS ARE CONSIDERED, THE COLLEGE RELIES HEAVILY ON THE EVALUATION OF HIGH SCHOOL COURSEWORK, HIGH SCHOOL GRADE POINT AVERAGES AND CLASS RANK, STANDARDIZED TEST SCORES, WRITTEN WORK AND LETTERS OF RECOMMENDATION. EXTRACURRICULAR INVOLVEMENT THAT DEMONSTRATES A PROMISE FOR SUCCESS AT THE COLLEGIATE LEVEL IS ALSO CONSIDERED. SCHOLARSHIP AWARDS ARE APPLIED TO THE STUDENT'S ACCOUNT FOR PAYMENT TOWARD TUITION, ROOM, BOARD AND FEES. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR JO ELLEN PARKER 274928 0 0 0 0 0 13635 0 43376 0 331939 0 0 0 MR SCOTT C SHANK 156006 0 0 0 0 0 8080 0 26314 0 190400 0 0 0 MRS HEIDI MCCRORY 129733 0 0 0 0 0 6752 0 16232 0 152717 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE PRESIDENT'S SPOUSE WILL OCCASIONALLY TRAVEL WITH HER ON CERTAIN COLLEGE FUNCTIONS. THERE IS A SUBSTANTIAL BUSINESS PURPOSE FOR SUCH TRAVEL, AND THE EXPENSES ARE DOCUMENTED AND RETAINED ON FILE. RESIDENCE FOR PERSONAL USE: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE REQUIRED TO LIVE IN THE SCHOOL'S HOUSES LOCATED ON THE CAMPUS. THESE RESIDENCES ARE PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICES EFFICIENTLY DISCHARGED. THIS HOUSING ALLOWANCE IS TREATED AS A NON-TAXABLE BENEFIT. PERSONAL SERVICES: THE SCHOOL PROVIDES PERSONAL SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME.THIS IS A TAXABLE BENEFIT. INDUSTRIAL DEVELOPMENT AUTHORITY - TOWN OF AMHERST VIRGINIA 541804155 031489BY2 2011-09-01 10000000 REFUNDING BOND ISSUE 2008 0 0 0 INDUSTRIAL DEVELOPMENT AUTHORITY - TOWN OF AMHERST VIRGINIA 546001113 031489BX4 2006-02-23 21041170 REFUNDING OF 1998A, 1998B, 1999, 2000, AND 2001 BONDS 0 0 0 211329 10000000 2011 0 1 1 1 3120000 20865000 334871 2006 0 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 X 63 360928 AVERAGE TRADING VALUES 6 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE INSTITUTE DOES NOT RECORD NON-CASH GIFTS AS REVENUE. FORM 990, PART VI, SECTION B, LINE 11 THE 990 FORM AND REQUIRED SCHEDULES WERE REVIEWED BY MANAGEMENT PRIOR TO FILING. AN ELECTRONIC VERSION OF THE RETURN WAS MADE AVAILABLE TO THE OFFICERS AND DIRECTORS OF THE INSTITUTE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE IN ACCORDANCE WITH THE SWEET BRIAR COLLEGE WRITTEN CONFLICT OF INTEREST POLICY. CONFLICT OF INTEREST FORMS ARE FILED WITH THE PRESIDENT'S OFFICE ANNUALLY AND ARE REVIEWED BY THE CFO AND INDEPENDENT AUDITORS. IN GENERAL, WHEN AN INDIVIDUAL COVERED BY THIS POLICY IS DEEMED TO BE IN A CONFLICT OF INTEREST SITUATION WITH RESPECT TO ANY MATTER BEFORE THE BOARD OR ADMINISTRATION, THAT INDIVIDUAL SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF ANY PROPOSED TRANSACTION WHICH MAY BE IMPAIRED BY THE POTENTIAL CONFLICT, UNLESS SPECIFICALLY REQUESTED TO PROVIDE INFORMATION REGARDING THE TRANSACTION IN QUESTION. SUCH PERSON SHALL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION, NOR SHALL SHE OR HE ATTEMPT TO INFLUENCE THE VOTES OR POSITIONS OF OTHERS. WHEN DEEMED APPROPRIATE, A NOTE IN THE MINUTES OF THE MEETING SHALL SPECIFY THAT THE PERSON INVOLVED NEITHER PARTICIPATED IN CONSIDERATION OF THE PROPOSED TRANSACTION NOR VOTED ON THE MATTER. IN ALL INSTANCES WHERE A CONFLICT OF INTEREST IS DETERMINED TO EXIST, SUCH CONFLICTS, AND THEIR REMEDY, SHALL BE DISCLOSED TO THE BOARD AT LEAST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY AN INDEPENDENT COMPENSATION COMMITTEE AND BY THE USE OF COMPARABLE DATA PROVIDED FROM FORMS 990 OF OTHER SIMILIARLY SITUATED HIGHER EDUCATION INSTITUTIONS. COMPENSATION IS APPROVED BY THE BOARD ANNUALLY AND DOCUMENTED IN THE BOARD MEETING MINUTES. IN DETERMINING NEWLY HIRED EXECUTIVES' PAY, DATA IS USED FROM ANNUAL CUPA-HR ADMINISTRATIVE SALARY SURVEYS AND SPECIFICALLY REGARDING SALARIES FOR: 1.PRIVATE INDEPENDENT INSTITUTIONS WITH ENROLLMENT UNDER 1000 , COMPARING TO THE FIRST QUARTILE OF ENROLLMENT, WHICH IS THE MOST SIMILAR TO SWEET BRIAR COLLEGE. 2.PRIVATE INDEPENDENT INSTITUTIONS WITH A BUDGET IN THE 2ND QUARTILE , AGAIN THE MOST SIMILAR TO SWEET BRIAR COLLEGE. 3.BACCALAUREATE INSTITUTIONS WITH A BUDGET IN THE 2ND QUARTILE ( MELDING TYPE OF INSTITUTION AND BUDGET SIZE). 4.THE SAME DATA POINTS ARE USED FOR AN ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION, SHARING THE DATA WITH THE CHAIRMAN OF THE BOARD, WHO THEN SHARES THE DATA WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST -113,534. NET UNREALIZED LOSS ON LONG TERM INVESTMENTS-UNRESTRICTED -12,143,202. NET UNREALIZED GAIN ON LONG TERM INVESTMENTS-TEMPORARILY RESTRICTED 2,788,927. TOTAL TO FORM 990, PART XI, LINE 5: -9,467,809. OVERSIGHT PROCESS: PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SBC FOREIGN PROGRAMS INC PO BOX 1051 SWEET BRIAR VA 24595 541733600 EDUCATIONAL PROGRAM VA 501(C)(3) LINE 11 SWEET BRIAR INSTITUTE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 SBC FOREIGN PROGRAMS INC M 342212 ACTUAL COST SBC FOREIGN PROGRAMS INC N 122612 ACTUAL COST SBC FOREIGN PROGRAMS INC Q 671000 ACTUAL COST