2011-11-14T16:16:51-06:00 2010-12-31 ZELENKOFSKE AXELROD LLC 2370 YORK ROAD SUITE A-5 JAMISON PA 18929 990 2010-01-01 231352000 THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA ACAD 2152991000 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 191031101 DAVID RUSENKO 2152991000 2011-11-14 1 ZELENKOFSKE AXELROD LLC 2159182277 2010 2016-03-07 17:11:31Z DAVID RUSENKO 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 19103 25666573 0 X WWW.ANSP.ORG X 1812 PA THE ACADEMY OF NATURAL SCIENCES (ACADEMY) WAS ESTABLISHED IN 1812 AND IS THE OLDEST NATURAL SCIENCE RESEARCH INSTITUTION AND MUSEUM IN THE AMERICAS. IT'S MISSION IS "THE ENCOURAGEMENT AND CULTIVATION OF THE SCIENCES". THE ACADEMY IS RECOGNIZED INTERNATIONALLY FOR ITS SYSTEMATIC AND ENVIRONMENTAL RESEARCH, DIVERSE NATURAL SCIENCE COLLECTIONS, EXHIBITS AND EDUCATIONAL PROGRAMS. 21 18 279 488 -22176 -25763 5810719 5430352 3043659 3284238 -5419935 2847857 765974 813911 4200417 12376358 0 0 0 0 8035766 7470081 0 0 781028 6635260 6267537 14671026 13737618 -10470609 -1361260 74764380 76126251 8190817 7061441 66573563 69064810 X THE MISSION IS "THE ENCOURAGEMENT AND CULTIVATION OF THE SCIENCES." THE ACADEMY IMPLEMENTS ITS MISSION THROUGH IMPROVING UNDERSTANDING OF THE DIVERSITY OF LIFE, DEVELOPING AND APPLYING SCIENCE TO PROTECT THE ENVIRONMENT, ADVANCING PUBLIC INTEREST AND ENGAGEMENT IN NATURAL SCIENCES AND ENVIRONMENTAL ISSUES, AND PRESERVING THE HERITAGE OF NATURAL SCIENCE IN SPECIMENS, IMAGES, WORDS AND NUMBERS. 0 0 5986447 1540896 RESEARCH - ACADEMY ENVIRONMENTAL SCIENTISTS CONTIUNE TO BE TRAILBLAZERS IN THE USE OF BIOTIC CENSUSES AS INDICATORS OF ENVIRONMENTAL HEALTH, PARTICULARLY IN SURVEYS OF DIATOMS, FISH AND MACROINVERTIBRATES IN AQUATIC SYSTEMS. ACADEMY SYSTEMATIC SCIENTISTS WORK TO UNDERSTAND AND RECORD THE HISTORY OF LIFE, AND TO MAKE THAT KNOWLEDGE ACCESSIBLE TO FELLOW SCIENTISTS AND THE PUBLIC. OYSTER SHELLS FROM THE ACADEMY'S MALACOLOGY COLLECTION WERE CALLED INTO SERVICE TO HELP STUDY THE IMPACT OF THE DEEPWATER HORIZON OIL SPILL OFF THE GULF OF MEXICO. THE ACADEMY RELEASED A PRELIMINARY STUDY OF THE IMPACTS OF MARCELLUS SHALE GAS DRILLING ON SMALL SUBWATERSHEDS IN THE UPPER SUSQUEHANNA RIVER BASIN. THE PILOT STUDY FOUND THAT THERE MAY BE A CORRELATION BETWEEN GAS DRILLING WELL DENSITY AND THE WATER QULALITYOF NEIGHBORING STREAMS AND RIVERS. 4563664 2393392 EDUCATION - EDUCATION IS CENTRAL TO THE MISSION OF THE ACADEMY. ACADEMY STAFF AND VOLUNTEERS PROVIDE A WIDE VARIETY OF SERVICES AND RESOURCES FOR SCHOOLS, HOME SCHOOLING FAMILIES, YOUTH CAMPS AND EDUCATORS. IN ADDITION TO FORMAL PROGRAMS THE PUBLIC MUSEUM OFFERS A VARIETY OF ACTIVITIES AND EVENTS THAT CELEBRATED THE ACADEMY'S CORE STRENGTHS OF COLLECTIONS AND SCIENTIFIC RESEARCH. THE ACADEMY'S EDUCATION DEPARTMENT LAUNCHED SEVERAL NEW PROGRAMS FOR ADULTS AND FAMILIES. NEW FIELDTRIPS AND WORKSHOPS GAVE PARTICIPANTS THE OPPORTUNITY TO WORK DIRECTLY WITH ACADEMY SCIENTISTS AND EXPERTS ON TOPICS RANGING FROM BEGINNING NATURE PHOTOGRAPHY TO CONSERVING NATIVE POLLINATORS. THE HEAD START ON SCIENCE PROGRAM PROIVDED APPROXIMATELY 200 AREA PRE-SCHOOL EDUCATORS WITH HANDS-ON TRAINING IN INQUIRY-BASED SCIENCE FOR THE EARLY CHILDHOOD CLASSROOM. THE INNOVATIVE PROGRAM REACHED 2,160 STUDENTS FROM ACROSS PHILADELPHIA. 794375 158214 LIBRARY AND ARCHIVES - NUMBERING MORE THAN 200,000 BOOKS AND 250,000 MANUSCRIPTS, MAPS, ARCHIVAL OBJECTS AND WORKS OF ART, THESE HOLDINGS PROIVDE AN UNPARALLELED RESOURCE FOR RESEARCHERS AND EDUCATORS ALIKE. THE ACADEMY'S SCIENTIFIC PUBLICATION "PROCEEDINGS OF THE ACADEMY OF NATURAL SCIENCES" REPRESENTS AMERICA'S LONGEST RUNNING SERIAL PUBLISHING PROGRAM DEVOTED TO THE NATURAL WORLD. THE LIBRARY AND ARCHIVES STAFF SUPPORTED A NUMBER OF RESEARCH PROJECTS IN 2010 INCLUDING THE ACADEMY'S HISTORY TO BE PUBLISHED IN 2012, BIOGRAPHIES ON RAFINESQUE, WITMER STONE, EARLE POLLE AND SAMUEL RHOAD. THE ACADEMY ALONG WITH SEVERAL OTHER PARTNERS WAS AWARDED AN INSTITUTE OF MUSEUM AND LIBRARY SERVICES GRANT TO DEVELOP A SYSTEM FOR INTEGRATING BIOLOGICAL RESEARCHERS' FIELD AND SPECIMEN NOTES WITH MUSEUM SPECIMENS AND RELATED ELECTRONICALLY PUBLISHED LITERATURE. 2875680 2875680 11344486 1 1 0 1 0 0 1 0 1 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 99 0 1 279 1 0 1 CJ EI 0 0 1 1 1 1 0 0 0 0 X 21 18 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA MD X X X DAVID RUSENKO VP OF FINANCE AND AD 2152991000 ANS - 1900 BENJAMIN FRANKLIN PHILADELPHIA PA 191031101 WARREN D ALLMON 1.00 X 0 0 0 JOHN F BALES III 1.00 X 0 0 0 ERIC Y EICHLER 1.00 X 0 0 0 HARVEY I FORMAN ESQUIRE 1.00 X 0 0 0 DR GAIL HEARN 1.00 X 0 0 0 I WISTAR MORRIS III 1.00 X 0 0 0 SEYMOUR S PRESTON III 1.00 X 0 0 0 GERALD B RORER 1.00 X 0 0 0 JAMES M SEIF 1.00 X 0 0 0 KENNETH J WARREN ESQUIRE 1.00 X 0 0 0 MICHAEL H REED ESQUIRE 3.00 X X 0 0 0 DAVID LAZAR SR 3.00 X X 0 0 0 JUDITH E SOLTZ 3.00 X X 0 0 0 GEORGE W GEPHART JR 40.00 X X 118729 0 12038 ELIZABETH H GEMMILL 1.00 X 0 0 0 PETER AUSTEN 1.00 X 0 0 0 BYRON T CLARK 1.00 X 0 0 0 CARL S CUTLER 1.00 X 0 0 0 CYNTHIA HECKSCHER 1.00 X 0 0 0 ANDREW LEWIS 0.00 X 0 0 0 JAMES R MACALEER 10.00 X X 0 0 0 SANDRA L MCLEAN 1.00 X 0 0 0 WILLIAM L MCLEAN III 1.00 X 0 0 0 EDWARD A MONTGOMERY JR 1.00 X 0 0 0 ALLEN J MODEL 1.00 X 0 0 0 DR RUTH PATRICK 0.00 X 0 0 0 MINTURN T WRIGHT III 1.00 X 0 0 0 DAVID RUSENKO 40.00 X 100089 0 3804 218818 0 15842 2 0 0 0 KEYSTONE HEALTH PLAN PO BOX 70250 PHILADELPHIA PA 191760250 MEDICAL INSURANCE 589520 SAGE DINING SERVICES 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 FOOD SERVICE 436891 WILLIS OF PENNSYLVANIA PO BOX 905432 CHARLOTTE NC 28290 INSURANCE 236031 CLEAN TECH SERVICE 114 CHESTNUT STREET PHILADELPHIA PA 19106 CLEANING SERVICE 233696 HARMELIN MEDIA 525 RIGHTERS FERRY ROAD BALA CYNWYD PA 19004 MEDIA SERVICES AND PLACE 181629 5 356263 48861 1315324 3709904 190690 5430352 ENVIRONMENTAL RESEARCH 541700 1451909 1451909 MUSEUM ADMISSIONS 900099 1090390 1090390 EDUCATION & MUSEUM PRO 611600 617126 617126 SYSTEMATIC BIOLOGY RES 541700 88987 88987 LIBRARY 519100 35826 35826 3284238 3166864 3194687 -27823 122388 122388 12728976 13047983 -319007 -319007 -319007 41230 56325 41230 0 442251 201002 241249 235602 5647 EATERY FOR MUSEUM GUES 722210 212796 212796 237478 237478 450274 12376358 6968182 -22176 0 234660 150746 83914 5775455 4630818 881980 262657 471116 357033 79509 34574 551375 417857 93054 40464 437475 331539 73831 32105 45975 45975 41450 41450 97232 97232 67372 67372 111149 48741 60892 1516 650721 581073 336 69312 885614 787022 65487 33105 95102 14340 66542 14220 53575 53575 1307153 30625 1276528 313499 301337 10132 2030 129384 2691 126219 474 54591 54591 1326917 31545 1283261 12111 156903 33841 123062 EATERY FOR MUSEUM GUEST 457392 457392 EXHIBITS AND RESEARCH 351936 351936 MEMBERSHIP 57855 22122 34163 1570 BUILDING ALLOCATION 0 1618756 -1633315 14559 ADMINISTRATIVE ALLOCATI 0 1234954 -1305238 70284 63717 37289 15527 10901 13737618 11344486 1612104 781028 245408 281900 59497 517776 581190 795649 1270548 227424 217000 332636 351553 43247483 28143624 16189593 15103859 30740239 32475133 18228990 18145324 6771541 7211074 715124 429173 74764380 76126251 670992 626206 344409 195740 2050000 1100000 5125416 5139495 8190817 7061441 X 15268351 13641322 6864551 7850404 44440661 47573084 66573563 69064810 74764380 76126251 X -1361260 3852507 X 0 1 1 X 1 1 X 7732830 10819590 6876128 5810719 5430352 36669619 3812925 4168118 3607442 3693605 3975761 19257851 11545755 14987708 10483570 9504324 9406113 55927470 563238 603069 480203 612033 406589 2665132 143103 1551150 993097 759206 636948 4083504 706341 2154219 1473300 1371239 1043537 6748636 49178834 2598618 2804228 3240583 3557521 3289252 15490202 8765 8765 2598618 2812993 3240583 3557521 3289252 15498967 -8861428 -319007 -9180435 14144373 17800701 13724153 4200417 12376358 62246002 0.79010 0.79810 0.24900 0.23210 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III, LINE 12 EXPLANATION FOR OTHER INCOME: NET REALIZED INVESTMENT LOSS AS REPORTED IN PART III STATEMENT OF SERVICES, LINE 4D AND ON SCHEDULE O, THE ($319,007) IS THE REALIZED LOSS FROM INVESTMENT ACTIVITY AND REBALANCING THE ENDOWMENT PORTFOLIO. THE ENDOWMENT PROVIDES RESOUCES TO SUPPORT PROGRAM SERVICES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98013 98013 13996820 14094833 854742 213686 0 0 870985 892371 903100 854742 3521198 5281797 139246 147672 116280 98013 501211 217746 223093 225775 213686 880300 1320450 X X X X 1 47438833 374640 6248863 4038282 50024054 43115074 1428304 7377655 4418612 63588 47438833 0.10640 0.80360 0.09000 1 0 32741855 18945860 13795995 0 10244873 9178500 1066373 260755 19264 241491 15103859 MORGAN STANLEY INSTITUTIONAL 1453672 F GOLDMAN SACHS FUNDS 7368449 F MADISON INTERNATIONAL RE 1581544 F HARVEST MLP 105496 F FIR TREE CAPITAL 2348542 F VERDIS REAL ASSETS FUND 866141 F COLCHESTER GLOBAL BOND FUND 2345040 F FORESTER OFFSHORE LTD 2076440 F 18145324 WOODWARD 3578213 F SHARPE 3094535 F CARPENTER 406755 F MORRIS 131571 F 7211074 ADDITIONAL MINIMUM LIABILITY-PENSION PLAN 4434794 PAYROLL TAXES AND BENEFITS PAYABLE 329313 LIFE INCOME GIFTS 306789 OTHER LIABILITIES 68599 5139495 12376358 13737618 -1361260 3869405 -16898 3852507 2491247 16602978 3869405 32200 325015 4226620 12376358 0 12376358 14094833 32200 325015 357215 13737618 0 13737618 PART III, LINE 1A: THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE ACADEMY'S COLLECTIONS ARE MADE UP OF LIBRARY HOLDINGS, SCIENTIFIC SPECIMENS, MINERALS, GEMS, EXHIBITS, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PART III, LINE 4: THE ACADEMY'S COLLECTIONS OF MORE THAN 17 MILLION CATALOGED NATURAL HISTORY SPECIMENS AND ARTIFACTS ARE COLLECTIVELY AMONG THE 10 LARGEST IN THE UNITED STATES. THROUGH ITS THREE MAIN COMPONENTS-RESEARCH, EDUCATION AND MUSEUM-THE ACADEMY WORKS TO SHARE IT SCIENTIFIC KNOWLEDGE GAINED FROM THE COLLECTIONS AND OTHER ORGANIZATIONS, GOVERNMENTS, BUSINESSES, AND INDIVIDUALS TO INSPIRE STEWARDSHIP IN THE ENVIRONMENT AND TO PROMOTE AND ENCOURAGE CONTINUED INVESTMENT IN THE NATURAL SCIENCES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT SPECIFIC COLLECTIONS AND RESEARCH, EDUCATION, PUBLICATIONS, THE LIBRARY, DEPARTMENTAL CHAIRS AND POSITIONS, AND THE OVERALL OPERATION OF THE ACADEMY OF NATURAL SCIENCES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PART X-LINE 25: THE ACADEMY DID NOT HAVE A FIN 48 LIABILITY FOR AN UNCERTAIN TAX POSITION IN ITS AUDITED FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED GAINS ON INVESTMENTS FOR THE YEAR EFFECT OF FASB STATEMENT NO. 158, CUMULATIVE EFFECT OF CHANGE IN DEFINED BENEFIT RETIREMENT PLAN LIABILITY -16,898. PART XII-LINE 2D-EXPENSES OF $93,159 ASSOCIATED WITH GENERATING MISCELLANEOUS REVENUE. EXPENSES ASSOCIATED WITH SPECIAL EVENT $49,456 (SEE PART VIII FORM 990 LINE 8B). COST OF GOODS SOLD $248,298 (SEE PART VIII FORM 990 LINE 10B). PART XIII-LINE 2D-EXPENSES OF $93,159 ASSOCIATED WITH GENERATING MISCELLANEOUS REVENUE. EXPENSES ASSOCIATED WITH SPECIAL EVENT $49,456 (SEE PART VIII FORM 990 LINE 8B). COST OF GOODS SOLD $248,298 (SEE PART VIII FORM 990 LINE 10B). EAST ASIA & THE PACIFIC PROGRAM SERVICES RESEARCH / COLLECTING 2390 EUROPE PROGRAM SERVICES RESEARCH / COLLECTING 7780 SUB-SAHARAN AFRICA PROGRAM SERVICES RESEARCH / COLLECTING 2191 NORTH AMERICA PROGRAM SERVICES RESEARCH / COLLECTING 56650 SOUTH AMERICA 1 PROGRAM SERVICES RESEARCH / COLLECTING 52325 CENTRAL AMERICA PROGRAM SERVICES RESEARCH / COLLECTING 1158 1 0 1 122494 0 122494 0 0 0 0 1 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE EXPENDITURES INCURRED IN ACTIVITIES OUTSIDE THE UNITED STATES ARE TRACKED ON EXPENSE REPORTS SUBMITTED BY THE SCIENTISTS AND EMPLOYEES. THE EXPENSE REPORTS DOCUMENT THE ACTUAL EXPENDITURES AND DISBURSEMENTS MADE WITHIN THE FOREIGN LOCATION. SHELL SHOW 56325 15095 41230 56325 15095 41230 41230 X X X X X 0 0 0 0 0 0 0 0 0 MIGUEL PEREZ-PEREZ RELATED TO BOARD MEMBER 21451 EMPLOYMENT 0 PETER AUSTEN BOARD MEMBER 236031 INSURANCE 0 SCHEDULE L-PART V-SUPPLEMENTAL INFORMATION BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS THE ACADEMY HAS UTILIZED WILLIS OF PA TO PROVIDE INSURANCE BROKERAGE SERVICES FOR MANY YEARS. IN 2010, PETER AUSTEN JOINED THE ACADEMY'S BOARD OF TRUSTEES. MR. AUSTEN IS THE REGIONAL PARTNER FOR WILLIS NORTH AMERICA, WHICH INCLUDES WILLIS OF PA. WILLIS PROVIDES BROKERAGE SERVICE CONNECTING INSURANCE CARRIERS WITH CLIENTS TO FIND THE BEST COVERAGE AT THE BEST PRICE. WILLIS COLLECTS BOTH THE PREMIUM PAYMENTS FOR THE INSURANCE CARRIERS AND A SERVICE COMMISSION FOR THEIR BROKERAGE AND RISK MANAGEMENT CONSULTING SERVICES. THE $236,031 OF INSURANCE PAYMENTS TO WILLIS OF PA INCLUDES $33,487 OF X 0 N/A X 0 N/A X 15 190690 SELLING PRICE X 1 0 N/A X 1 0 N/A X 1 0 N/A X 1 0 N/A X 7 0 N/A X PARKING SPACE 1 0 N/A 0 1 0 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B) NOT THE NUMBER OF ITEMS. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF TRUSTEES AMENDED THE BY-LAWS TO CLARIFY TERM LIMITS FOR TRUSTEES ELECTED OUTSIDE THE ANNUAL MEETING OR TO A TERM OF LESS THAN 3 YEARS. THE ELECTION OF EMERITUS AND HONORARY TRUSTEES WSA FURTHER DEFINED ALONG WITH CLARIFICATION OF THEIR ROLES SHOULD THEY PARTICIPATE ON STANDING COMMITTEES. LANGUAGE WAS ALSO CLARIFIED REGARDING THE BOARD OF TRUSTEES AUTHORITY TO AMEND THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE ACADEMY CONSISTS OF GENERAL MEMBERS AND OTHER CLASSES OF SPECIAL MEMBERSHIP AS MAY BE ESTABLISHED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL, IF HE OR SHE IS OVER 18 YEARS OF AGE, BE ENTITLED TO VOTE, IN PERSON, AT THE ANNUAL MEETING AND ALSO HOLD OFFICE. ANY PERSON MAY BECOME A GENERAL MEMBER BY MAKING THE APPROPRIATE ANNUAL CONTRIBUTION. THE MEMBERSHIP ELECTS THE TRUSTEES OF THE ACADEMY AT THE ANNUAL MEETING. TRUSTEES ARE ELECTED TO A THREE YEAR TERM. THE BOARD OF TRUSTEES IS THE GOVERNING BODY AND RESPONSIBLE FOR THE MANAGEMENT AND AFFAIRS OF THE ACADEMY. FORM 990, PART VI, SECTION A, LINE 7B TO THE FULLEST EXTENT PERMITTED UNDER THE PENNSYLVANIA NONPROFIT CORPORATION LAW OF 1988, AS AMENDED, CERTAIN CORPORATE ACTIONS REQUIRE THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS PREPARED INTERNALLY AND REVIEWED BY OUR EXTERNAL AUDITORS ZELENKOFSKE AXELROD LLC. THE DRAFT 990 IS THEN REVIEWED BY THE ACADEMY'S AUDIT COMMITTEE, WITH THE EXTERNAL AUDITORS PRESENT. THE AUDIT COMMITTEE WILL APPROVE THE FINAL VERSION AND DIRECT THE EXTERNAL AUDITORS TO FILE THE RETURN. A COPY OF THE FINAL VERSION IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND APPROPRIATE ACADEMY STAFF REVIEW AND SIGN A CONFLICT OF INTEREST POLICY EACH YEAR WHICH IS MONITORED FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ACADEMY'S CEO WAS RECOMMENDED BY THE ACADEMY'S SEARCH COMMITTEE WORKING WITH AN EXECUTIVE SEARCH FIRM AND APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION WAS BASED ON DATA PROVIDED BY THE SEARCH FIRM THAT FACTORED IN THE SPECIFIC INDUSTRY ALONG WITH THE GEOGRAPHIC REGION. THE SEARCH FIRM ALSO PROVIDED DATA ON THE OTHER NON-PROFIT CEO'S WITHIN THE REGION TO HELP RECOMMEND AN APPROPRIATE SALARY RANGE. A THIRD PARTY COMPENSATION SPECIALIST REVIEWED ALL POSITIONS AT THE ACADEMY AND RECOMMENDED A COMPENSATION STRUCTURE BASED ON JOB CLASS, INDUSTRY SECTOR AND GEOGRAPHIC REGION. INDIVIDUAL COMPENSATION LEVELS ARE ESTABLISHED WITHIN THE RANGE FOR THE GIVEN POSITION BASED ON EXPERIENCE AND YEARS OF SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THROUGH THE ACADEMY WEBSITE THE PUBLIC MAY REQUEST THE ACADEMY'S BY-LAWS, ARTICLES OF INCORPORATION, FORM 990, CODE OF ETHICS AND CONDUCT AND THE CURRENT AUDIT FINANCIAL STATEMENTS. THE ACADEMY WILL ALSO RESPOND TO WRITTEN REQUESTS AS WELL AS PHONE REQUESTS FOR INFORMATION FOR THOSE WITHOUT COMPUTER ACCESS. THE ACADEMY'S 990 ALSO APPEARS ON INDEPENDENT NON-PROFIT WEBSITES LIKE GUIDESTAR AND CHARITY NAVIGATOR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAIN (LOSS) ON INVESTMENTS 3,852,507. TOTAL TO FORM 990, PART XI, LINE 5: 3,852,507. SCHEDULE L PART IV: INTERESTED PERSONS MIGUEL PEREZ-PEREZ IS THE SON-IN-LAW OF A MEMBER OF THE ACADEMY'S BOARD OF TRUSTEES. MIGUEL WORKS IN THE BOTANY DEPARTMENT OF THE ACADEMY AS A CURATORIAL ASSISTANT.