2012-12-21T14:09:00-06:00 2012-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-07-01 362210015 NATIONAL SCHOOL BOARDS ASSOCIATION NATI 7038386722 1680 DUKE STREET ALEXANDRIA VA 22314 THOMAS J GENTZEL 7038386722 2012-12-21 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-02-24 21:20:13Z THOMAS J GENTZEL 1680 DUKE STREET ALEXANDRIA VA 22314 21250962 0 X WWW.NSBA.ORG X 1949 IL TO PROMOTE THE GENERAL ADVANCEMENT OF EDUCATION, TO ENCOURAGE THE ESTABLISHMENT AND MAINTENANCE OF HIGH STANDARDS IN THE CONDUCT AND OPERATION OF THE EDUCATIONAL ENDEAVOR. 21 20 120 20 636692 16480 3680485 3056477 17699827 17271776 -16607 -134277 306146 438528 21669851 20632504 9000 9000 0 0 12544866 11064769 0 0 0 8985355 7882842 21539221 18956611 130630 1675893 7615358 7410271 16672798 23807588 -9057440 -16397317 X WORKING WITH AND THROUGH OUR STATE ASSOCIATIONS, NSBA ADVOCATES FOR EQUITY AND EXCELLENCE IN PUBLIC EDUCATION THROUGH SCHOOL BOARD LEADERSHIP. 0 0 3394846 8627097 NATIONAL AFFILIATE SERVICES:LOCAL SCHOOL BOARDS CAN CHOOSE TO AFFILIATE DIRECTLY WITH NSBA THROUGH THE NATIONAL AFFILIATE PROGRAM, WHICH PROVIDES THEM WITH A VARIETY OF BENEFITS INCLUDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES, INFORMATION AND RESEARCH, BEST PRACTICES, NETWORKING OPPORTUNITIES, AND ADVOCACY SERVICES. THE PROGRAM PROVIDES SERVICES TO 1,928 SCHOOL DISTRICTS THROUGHOUT THE UNITED STATES. 3209552 4846472 ANNUAL CONFERENCE AND EXPOSITION:THE ANNUAL CONFERENCE AND EXPOSITION IS THE ONLY NATIONAL EVENT FOR SCHOOL BOARD LEADERS AND ADMINISTRATORS. 4,923 ATTENDEES BENEFITED FROM EDUCATIONAL PROGRAMMING, NETWORKING, AND AN EXHIBIT HALL SHOWCASING THE LATEST EDUCATIONAL PRODUCTS AND SERVICES FROM 262 EXHIBITORS. 1964050 500362 FEDERAL RELATIONS:NSBA'S OFFICE OF FEDERAL ADVOCACY & PUBLIC POLICY REPRESENTS THE INTEREST OF THE NATION'S 90,000 LOCAL SCHOOL BOARD MEMBERS BEFORE CONGRESS. SOME OF THE PRIORITY ISSUES INCLUDE: REAUTHORIZATION OF THE ELEMENTARY AND SECONDARY EDUCATION ACT (ESEA); FEDERAL FUNDING OR EDUCATION; TEACHER AND PRINCIPAL EFFECTIVENESS; INVESTING IN EARLY CHILDHOOD EDUCATION; CHARTER SCHOOLS; SCHOOL VOUCHERS; SCHOOLS AND LIBRARIES PROGRAM OF THE UNIVERSAL SERVICE FUND (E-RATE); SPECIAL EDUCATION (IDEA); AND CHILD NUTRITION. FEDERAL RELATIONS INCLUDES THE FEDERAL RELATIONS NETWORK CONFERENCE WITH A PARTICIPATION OF 682 ATTENDEES AND THE FEDERAL POLICY COORDINATORS NETWORK OF 135 PARTICIPANTS. 1082029 235127 STATE ASSOCIATION SERVICES 873232 464733 AMERICAN SCHOOL BOARD JOURNAL 746542 886243 COUNCIL OF SCHOOL ATTORNEYS 303577 359817 TECHNOLOGY LEADERSHIP NETWORK 286769 GRANTS 132008 MAGAZINE SUPPLEMENTS 619161 970 CENTER FOR PUBLIC EDUCATION 260785 69756 CAUCUS LIAISON 106552 ASBJ.COM 29421 CORPORATE PARTNERSHIP 502449 5900 COMMUNICATIONS & PUBLIC INFORMATION 44346 1132 POLICY RESEARCH 650767 LEGAL ADVOCACY 360878 OTHER 5637638 2384556 14206086 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 80 0 1 120 1 1 1 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL VA X ROBERT C BILLUPS 7038386750 1680 DUKE STREET ALEXANDRIA VA 22314 C ED MASSEY 5.00 X X 15374 0 0 DAVID A PICKLER 1.00 X X 0 0 0 ANNE M BYRNE 1.00 X X 0 0 0 MARY BRODERICK 1.00 X 20580 0 0 EARL C RICKMAN III 1.00 X 20469 0 0 MIRANDA A BEARD 1.00 X 0 0 0 KEVIN E CIAK 1.00 X 0 0 0 LINDA R CRANFORD 1.00 X 0 0 0 ANNE L GOLDEN 1.00 X 0 0 0 BARBARA S HAYWOOD 1.00 X 0 0 0 JUDY LAIR 1.00 X 0 0 0 JACKIE MAGNUSON 1.00 X 0 0 0 KRISTIN MALIN 1.00 X 0 0 0 CYNTHIA MATUS MORRISS 1.00 X 0 0 0 S SCOTT MUELLER 1.00 X 0 0 0 JOHN S PAYNE 1.00 X 0 0 0 FRANK C PUGH 1.00 X 0 0 0 BARB RILEY 1.00 X 0 0 0 TIMOTHY R SIVERTSON 1.00 X 0 0 0 JOHN D TUTTLE 1.00 X 0 0 0 PAUL CHATMAN 1.00 X 0 0 0 MIKE DELAO 1.00 X 0 0 0 SANDRA JENSEN 1.00 X 0 0 0 ANNE L BRYANT 40.00 X 336247 0 130503 JOSEPH VILLANI 40.00 X 253246 0 132090 LISA A BARTUSEK 40.00 X 166898 0 37181 FRANCISCO M NEGRON 40.00 X 187640 0 43837 MICHAEL A RESNICK 40.00 X 246325 0 56609 SUSAN R BUTLER 40.00 X 123111 0 107458 REGINALD M FELTON 40.00 X 147443 0 71484 PATRICIA L SCOTT 40.00 X 122848 0 45277 ROBERTA E STANLEY 40.00 X 121392 0 6439 CAROLE A STOVER 40.00 X 136522 0 116035 SUSAN P MERRY 0.00 X 150093 0 116979 2048188 0 863892 13 1 1 0 RR DONNELLEY RECEIVABLES INC 1 SHENANDOAH VALLEY DR STRASBURG VA 22637 PUBLICATION PRINTING 296884 ARTH PRODUCTION SERVICES INC 899-J AIRPORT PARK RD GLEN BURNIE MD 21601 EVENT PRODUCTION 217365 FREEMAN PO BOX 650519 DALLAS TX 75265 CONFERENCE & EXPOSITION LOGISTICS 208582 FREEMAN AUDIO VISUAL SOLUTIONS INC PO BOX 650036 DALLAS TX 75265 AUDIO VISUAL EQUIPMENT RENTAL 169197 PRA-DESTINATION MANAGEMENT 290 KING ST STE 110 SAN FRANCISCO CA 94107 TRANSPORTATION SERVICE 152872 10 2459989 268255 328233 3056477 NATIONAL AFFILIATE SER 900099 8690097 8627097 63000 ANNUAL CONFERENCE & EX 900099 5028091 4846472 20404 161215 AMERICAN SCHOOL BOARD 511120 1301021 464733 616288 220000 COUNCIL OF SCHOOL ATTO 900099 906243 886243 20000 FEDERAL RELATIONS 900099 500362 500362 845962 672702 173260 17271776 3579 3579 18770 18770 394906 103901 291005 291005 291005 376701 514557 -137856 -137856 -137856 OTHER REVENUE 900099 84873 69873 15000 MAIL LIST RENTAL 900002 43880 43880 128753 20632504 16358487 636692 580848 9000 9000 1419027 719471 699556 6855920 4764386 2091534 1487610 1058645 428965 755065 537335 217730 547147 381504 165643 43341 43341 52465 7235 45230 1964257 1360429 603828 549404 410726 138678 306512 306512 222323 222323 358643 315747 42896 326843 179920 146923 2626057 2567795 58262 531911 531911 593787 593787 38115 17784 20331 SPOSORSHIP SALES COMMIS 203176 202726 450 BUSINESS PERSONAL PROPE 38004 38004 BAD DEBT EXPENSE 28004 28004 ALLOCATED OVERHEAD 0 1098131 -1098131 18956611 14206086 4750525 0 6500 6500 1362628 1336710 70564 46812 307828 354603 602001 499623 14576655 9709271 5065837 4867384 200000 298639 7615358 7410271 954160 919570 7055 5688672 4780535 68586 10029966 18031842 16672798 23807588 X -9156814 -16398816 99374 1499 -9057440 -16397317 7615358 7410271 X 1675893 -9015770 X 0 1 1 X 0 X 4007470 6838889 3769557 3680485 3056477 21352878 20687961 19880464 18909058 17682596 16635084 93795163 24695431 26719353 22678615 21363081 19691561 115148041 0 0 0 115148041 139715 143116 250417 276079 417255 1226582 139715 143116 250417 276079 417255 1226582 170050 212338 157003 128753 668144 24835146 27032519 23141370 21796163 20237569 117042767 0.98380 0.98570 0.01050 0.00990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 128874 1 38758 0 1 128184 1 476600 0 772416 0 0 1 99374 133626 231501 1499 405627 11369 317622 99374 1500 1068965 664838 405627 1500 1500 1.00000 0 0 1350000 1350000 7408137 5365838 2042299 82494 32998 49496 3192552 2688908 503644 2543472 1621527 921945 4867384 ACCRUED PENSION LIABILITY 17994049 SECURITY DEPOSITS 37793 18031842 20632504 18956611 1675893 -9015770 -9015770 -7339877 20874261 0 20874261 -241757 -241757 20632504 19198368 241757 241757 18956611 0 18956611 PART IV, LINE 2B: NSBA HAD TWO ACCOUNTS WITH FISCAL YEAR END BALANCES OF $45,278 AND $23,308 DESIGNATED TO HOLD FUNDS COLLECTED FOR THE NATIONAL SCHOOL BOARDS ACTION CENTER (NSBAC) AND THE NATIONAL CAUCUS OF AMERICAN INDIAN/ALASKA NATIVE SCHOOL BOARDS MEMBERS (CAUCUS) RESPECTIVELY. THE FIRST ACCOUNT IS COMPRISED OF CONTRIBUTIONS FORWARDED TO NSBAC FOLLOWING ITS COMMENCEMENT OF OPERATIONS ON JULY 1, 2012. THE LATTER ACCOUNT CONSISTS OF MEMBER PARTICIPATION FEES, WHICH ARE DISBURSED TO THE CAUCUS WHEN IT INCURS EXPENDITURES RELATED TO ITS BUSINESS ACTIVITIES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS INCLUDE DONOR-RESTRICTED AND OTHER FUNDS, WHICH ARE ONLY AVAILABLE FOR PROGRAM SERVICES OR GENERAL SUPPORT DESIGNATED FOR FUTURE SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: NSBA IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, NSBA QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. NSBA HAS CERTAIN UNRELATED BUSINESS ACTIVITIES FOR ADVERTISING THAT ARE SUBJECT TO FEDERAL AND VIRGINIA INCOME TAXES. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR THE YEAR ENDED JUNE 30, 2012, AS THESE ACTIVITIES GENERATED NO NET UNRELATED BUSINESS INCOME. NSBA HAS A NET OPERATING LOSS (NOL) CARRYFORWARD THAT WAS GENERATED BY LOSSES ON ITS UNRELATED BUSINESS ACTIVITIES, AND IS AVAILABLE TO BE APPLIED AGAINST FUTURE TAXABLE INCOME. LOSSES INCURRED IN TAX YEARS BEGINNING AFTER AUGUST 6, 1997, ARE ALLOWED TO BE CARRIED FORWARD FOR 20 YEARS FOLLOWING THE YEAR OF THE LOSS. THE REMAINING NOL HAS BEEN USED DURING THE YEAR ENDED JUNE 30, 2012 AND THERE IS NO AMOUNT REMAINING AT JUNE 30, 2012. NSBA COMPLIES WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, NSBA MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. NSBA IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AND, THEREFORE, NO TAX LIABILITIES HAVE BEEN RECORDED AS OF JUNE 30, 2012, OR ANY RELATED INTEREST AND PENALTIES INCLUDED IN THE BALANCE SHEET OR STATEMENT OF ACTIVITIES. GENERALLY, NSBA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: DEFINED BENEFIT PENSION PLAN CHANGES -9,015,770. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT REPORTED ON LINE 7C -137,856. RENTAL EXPENSES REPORTED ON LINE 6B -103,901. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT REPORTED ON LINE 7C 137,856. RENTAL EXPENSES REPORTED ON LINE 6B 103,901. 1 SCHOLARSHIP 9 9000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: NSBA REQUIRES ITS GRANTEES TO PERFORM THE FOLLOWING PROCEDURES TO MONITOR THE USE OF GRANT FUNDS INSIDE THE UNITED STATES: 1) SUBMITTING TIMELY QUARTERLY REPORTS ABOUT ACTIVITIES AND ACCOMPLISHMENTS IN THEIR STATES AS WELL AS ANY UPDATES AND/OR AMENDMENTS TO THEIR STATE PLANS; 2) REPORTING ON ANY LOBBYING ACTIVITIES UNDERTAKEN AS A PART OF NSBA GRANTS INCLUDING, A) THE AMOUNT OF FUNDS EXPENDED, AND B) A BRIEF NARRATIVE DESCRIPTION OF THE ACTIVITY; 3) PUBLISHING A FINAL GRANT REPORT DETAILING LESSONS LEARNED WITH RECOMMENDATIONS FOR STATE POLICIES DERIVED FROM LOCAL DISTRICT EXPERIENCES. X 1 1 X X 1 0 0 0 0 0 0 0 0 ANNE L BRYANT 336247 0 0 0 0 0 122603 0 7900 0 466750 0 0 0 JOSEPH VILLANI 253246 0 0 0 0 0 130535 0 1555 0 385336 0 0 0 LISA A BARTUSEK 166898 0 0 0 0 0 14035 0 23146 0 204079 0 0 0 FRANCISCO M NEGRON 187640 0 0 0 0 0 35937 0 7900 0 231477 0 0 0 MICHAEL A RESNICK 246325 0 0 0 0 0 41417 0 15192 0 302934 0 0 0 SUSAN R BUTLER 123111 0 0 0 0 0 99759 0 7699 0 230569 0 0 0 REGINALD M FELTON 147443 0 0 0 0 0 70049 0 1435 0 218927 0 0 0 PATRICIA L SCOTT 122848 0 0 0 0 0 37565 0 7712 0 168125 0 0 0 CAROLE A STOVER 136522 0 0 0 0 0 93477 0 22558 0 252557 0 0 0 SUSAN P MERRY 0 0 0 0 150093 0 106058 0 10921 0 267072 0 0 0 PART I, LINE 1A FOLLOWING PEOPLE RECEIVED TAXABLE TRAVEL FOR COMPANIONS: MARY BRODERICK - $580 ED MASSEY - $5,374 PART I, LINE 4A SUSAN P. MERRY RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $150,093. FORM 990, PART III, LINE 1, CONTINUATION OF MISSION STATMENT NSBA'S VISION FOR PUBLIC EDUCATION: THE NATIONAL SCHOOL BOARDS ASSOCIATION BELIEVES LOCAL SCHOOL BOARDS ARE THE NATION'S PREEMINENT EXPRESSION OF GRASS ROOTS DEMOCRACY AND THAT THIS FORM OF GOVERNANCE OF THE PUBLIC SCHOOLS IS FUNDAMENTAL TO THE CONTINUED SUCCESS OF PUBLIC EDUCATION. ADEQUATELY FUNDED, STUDENT-CENTERED PUBLIC SCHOOLS WILL PROVIDE, IN A SAFE AND SUPPORTIVE ENVIRONMENT, A COMPREHENSIVE EDUCATION FOR THE WHOLE CHILD AND WILL PREPARE ALL OF AMERICA'S CHILDREN FOR A LIFETIME OF LEARNING IN A DIVERSE, DEMOCRATIC SOCIETY AND AN INTERDEPENDENT GLOBAL ECONOMY. BY FOCUSING ON RAISING STUDENT ACHIEVEMENT AND BY ACTIVITY ENGAGING THE COMMUNITY, SCHOOL BOARDS WILL PROVIDE LEADERSHIP FOR ACADEMIC SUCCESS IN THE NATION'S PUBLIC SCHOOLS. AMERICA'S SCHOOL BOARDS, BY CREATING A VISION OF EXCELLENCE AND EQUITY FOR EVERY CHILD, WILL PROVIDE PERFORMANCE-ORIENTED SCHOOLS THAT MEET TODAY'S PROBLEMS AS WELL AS THE CHALLENGES OF TOMORROW. FORM 990, PART VI, SECTION A, LINE 6 ASSOCIATION MEMBERS SHALL BE STATE ASSOCIATIONS OF SCHOOL BOARDS. THE AFFILIATE CATEGORY SHALL CONSIST OF FIVE CLASSES: A) NATIONAL AFFILIATES B) ORGANIZATION AFFILIATES C) SUSTAINING AFFILIATES D) FOUNDATION AFFILIATES E) FEDERAL AFFILIATES FORM 990, PART VI, SECTION A, LINE 7A ASSOCIATION MEMBERS SHALL BE STATE ASSOCIATIONS OF SCHOOL BOARDS. THE AFFILIATE CATEGORY SHALL CONSIST OF FIVE CLASSES: A) NATIONAL AFFILIATES B) ORGANIZATION AFFILIATES C) SUSTAINING AFFILIATES D) FOUNDATION AFFILIATES E) FEDERAL AFFILIATES FORM 990, PART VI, SECTION A, LINE 7B THE CONSTITUTION AND BYLAWS OF NSBA MUST BE AMENDED BY A TWO-THIRDS VOTE OF THE MEMBERS PRESENT AND VOTING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS INITIALLY REVIEWED IN DETAIL BY THE ORGANIZATION'S ACCOUNTING DEPARTMENT AND MANAGEMENT. FURTHERMORE, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, A COPY OF THE FORM 990 WAS PROVIDED TO ALL NSBA BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C NSBA REQUIRES ITS BOARD OF DIRECTORS TO SUBMIT ANNUAL REPORTS DISCLOSING CONFLICT OF INTEREST. THE REPORTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE, WHICH WILL ATTEMPT TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT(S) AND, IN THE ABSENCE OF RESOLUTION, REFER THEM TO THE BOARD OF DIRECTORS. WHILE NSBA DOES NOT REQUIRE ITS KEY EMPLOYEES TO SUBMIT A CONFLICT OF INTEREST AFFIDAVIT ANNUALLY, ALL NSBA EMPLOYEES ARE GOVERNED BY THE CONFLICT OF INTEREST POLICY THAT STATES THAT "NO MEMBER OF THE NSBA STAFF MAY ACCEPT ANY GIFT OF PROPERTY, SERVICES, OR MONEY AS AN INDUCEMENT TO PROMISING OR PROVIDING NSBA BUSINESS TO AN OFFEROR. TO ENSURE THE INTEGRITY OF BUSINESS RELATIONSHIPS, NSBA STAFF MEMBERS ARE ALSO PROHIBITED FROM SOLICITING GIFTS OR SERVICES UNRELATED TO NSBA FROM ANY ENTITY OR PERSON WITH WHOM NSBA CONDUCTS BUSINESS." FORM 990, PART VI, SECTION B, LINE 15 NSBA EMPLOYS OUTSIDE COMPENSATION EXPERTS TO ASSESS, ANALYZE AND MAKE MARKET COMPARISONS OF ITS EMPLOYEE POSITIONS, SALARY STRUCTURE AND PAY GRADES. UPON RECEIPT OF AN AUDIT REPORT AND RECOMMENDATIONS, NSBA'S EXECUTIVE OFFICE REVIEWS AND IMPLEMENTS THE CHANGES TO ITS PAY PROGRAM. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DISCUSSED AND DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DEFINED BENEFIT PENSION PLAN CHANGES -9,015,770. TOTAL TO FORM 990, PART XI, LINE 5: -9,015,770.