2011-11-14T11:58:23-06:00 2011-06-30 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2010-07-01 910750867 PACIFIC SCIENCE CENTER FOUNDATION PACI 2064432001 200 SECOND AVENUE NORTH SEATTLE WA 98109 MICHAL ANDERSON 2064432001 2011-11-14 1 SARA ELIZABETH J HYRE 4254544919 2010 2016-02-24 21:20:13Z PACIFIC SCIENCE CENTER R BRYCE SEIDL 200 SECOND AVENUE NORTH SEATTLE WA 98109 30775838 0 X WWW.PACSCI.ORG X 1962 WA TO INSPIRE LIFELONG INTEREST IN SCIENCE, MATHEMATICS AND TECHNOLOGY. 26 26 561 928 76708 -11336 7971507 13712354 9199578 13292866 80892 84612 1480297 1724553 18732274 28814385 0 0 0 0 8312002 10035049 12144 0 1927042 11272667 15025845 19596813 25060894 -864539 3753491 37505517 41223840 7218899 6861489 30286618 34362351 X THE PACIFIC SCIENCE CENTER IS AN INDEPENDENT, NOT-FOR-PROFIT EDUCATION ORGANIZATION DEDICATED TO:1) INSPIRING A LIFELONG INTEREST IN SCIENCE, MATH AND TECHNOLOGY BY ENGAGING DIVERSE COMMUNITIES THROUGH INTERACTIVE AND INNOVATIVE EXHIBITS AND PROGRAMS AS WELL AS STATE-OF-THE-ART TECHNOLOGY OFFERED IN LARGE-SCREEN-FORMAT FILM. 2) LEADING THE EFFORT TO IMPROVE SCIENCE EDUCATION REGION-WIDE. 3) DEVELOPING INTERACTIVE AND EDUCATIONAL SCIENCE EXHIBITS FOR USE BY PACIFIC SCIENCE CENTER AND OTHER SCIENCE CENTERS WORLDWIDE. 4) CONTINUING TO CHAMPION SCIENCE LITERACY. FROM ITS ORIGINS AS THE US SCIENCE PAVILION AT THE 1962 SEATTLE WORLD'S FAIR, PACIFIC SCIENCE CENTER HAS EXPANDED AND DIVERSIFIED ITS PROGRAMS WHILE REMAINING TRUE TO THE ORIGINAL VISION OF OUR FOUNDING SCIENTISTS AND CIVIC LEADERS TO BE A RESOURCE OF SCIENTIFIC INFORMATION FOR THE GENERAL PUBLIC. EACH YEAR, PACIFIC SCIENCE CENTER'S ON-SITE AND OUTREACH PROGRAMS SERVE APPROXIMATELY ONE MILLION PEOPLE. 0 0 15489730 11365991 VISITOR EXPERIENCES: FROM ROBOTIC DINOSAURS TO THE TROPICAL BUTTERFLY HOUSE, PACIFIC SCIENCE CENTER HOUSES A NUMBER OF REGIONALLY ICONIC EXHIBITS. VISITORS TO PSC, WHO AVERAGE OVER A MILLION EACH YEAR, ENGAGE WITH A WIDE RANGE OF HANDS-ON EXHIBITS AND EDUCATIONAL PROGRAMS THAT INSPIRE THEM TO ASK QUESTIONS AND SEEK ANSWERS. ADDITIONAL EXHIBITS INCLUDE THE PUGET SOUND TIDEPOOL MODEL, BODY WORKS, THE INSECT VILLAGE, NAKED MOLE RATS, GENETICS AND MANY OTHERS. OUR INSTITUTION ALSO HOSTS A WIDE VARIETY OF TRAVELLING EXHIBITS THROUGHOUT THE YEAR; OUR REPUTATION HAS CONTINUED TO GROW THROUGHOUT THE DECADE AS A RESULT OF HOSTING AND HELPING CREATE SEVERAL LANDMARK EXHIBITS INCLUDING DISCOVERING THE DEAD SEA SCROLLS IN 2007, LUCY'S LEGACY: THE HIDDEN TREASURES OF ETHIOPIA IN 2008, HARRY POTTER IN 2010 AND STAR WARS IN 2011. PACIFIC SCIENCE CENTER IS THE ONLY SCIENCE CENTER IN NORTH AMERICA WITH TWO IMAX THEATERS. IMAX FILMS GIVE EDUCATORS, STUDENTS AND FAMILIES EXCITING OPPORTUNITIES TO EXPLORE NEW WORLDS. EDUCATIONAL DOCUMENTARY-STYLE FILMS FOCUS ON A BROAD RANGE OF SUBJECTS COVERING THE ENVIRONMENT, NATURE, GEOGRAPHY, THE ARTS, TECHNOLOGY, SPACE EXPLORATION AND MORE. 1461370 16405 EDUCATION: A) WASHINGTON STATE LASER- IS A PUBLIC/PRIVATE PARTNERSHIP USING A COLLABORATIVE MODEL FOR CATALYZING AND SUSTAINING SCIENCE EDUCATION REFORM AT THE SCHOOL, DISTRICT, REGION AND STATE LEVEL. AS A PUBLIC/PRIVATE PARTNERSHIP EFFORT, WASHINGTON STATE LASER IS AN "OPT IN" PROGRAM THAT PROVIDES FINANCIAL, PROFESSIONAL DEVELOPMENT, AND TECHNICAL ASSISTANCE TO INDIVIDUAL CLASSROOMS, SCHOOLS, SCHOOL DISTRICTS AND TO CONSORTIA OF SCHOOL DISTRICTS, CALLED LASER ALLIANCES. THE PROGRAM IS CO-LED BY PACIFIC SCIENCE CENTER AND BATTELLE AND INCLUDES AMONG ITS PARTNERS THE WASHINGTON STATE OFFICE OF SUPERINTENDENT OF PUBLIC INSTRUCTION, EDUCATIONAL SERVICE DISTRICTS AND LEAD WASHINGTON SCHOOL DISTRICTS.B) PORTAL TO THE PUBLIC- AS PART OF OUR BROAD PORTAL TO THE PUBLIC INITIATIVE, PACIFIC SCIENCE CENTER CREATES AND HOSTS EVENTS THAT BRING SCIENTISTS AND THE GENERAL PUBLIC TOGETHER. THESE EVENTS PUT A HUMAN FACE ON THE RESEARCH HAPPENING AT THE UNIVERSITIES, GOVERNMENT AGENCIES AND COMPANIES THAT ARE RIGHT IN OUR OWN BACKYARD. THROUGH COLLABORATIONS WITH SUCH INSTITUTIONS AS THE UNIVERSITY OF WASHINGTON AND THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION (NOAA), PACIFIC SCIENCE CENTER HAS HOSTED: 1) LARGE-SCALE EVENTS SUCH AS POLAR SCIENCE WEEKEND, LIFE SCIENCES RESEARCH WEEKEND, PAWS-ON SCIENCE WEEKEND, 2) MONTHLY SMALL SCALE SCIENTIST SPOTLIGHT EVENTS AND 3) OFFSITE EVENTS SUCH AS THREE MONTHLY SCIENCE CAFES THAT CONNECT SCIENTISTS WITH MEMBERS OF THE COMMUNITY IN THEIR OWN NEIGHBORHOODS. THROUGH THE INITIATIVE, THE SCIENCE CENTER HAS ALSO DEVELOPED AN EXHIBIT AREA HIGHLIGHTING CURRENT RESEARCH AND WHICH WILL CHANGE CONTENT SEVERAL TIMES PER YEAR. THE PORTAL TO THE PUBLIC INITIATIVE IS FUNDED BY DIVERSE SOURCES INCLUDING THE NATIONAL SCIENCE FOUNDATION, NATIONAL INSTITUTES OF HEALTH, INSTITUTE OF MUSEUM AND LIBRARY SERVICES, NATIONAL AERONAUTICS AND SPACE EXPLORATION, AND METLIFE FOUNDATION. 3287354 1910470 PACIFIC SCIENCE CENTER OPERATES THE MERCER SLOUGH ENVIRONMENTAL EDUCATION CENTER IN COLLABORATION WITH THE CITY OF BELLEVUE, WHO OWNS THE BUILDINGS AND LAND. LOCATED ON A 320-ACRE WETLAND IN THE HEART OF URBAN BELLEVUE, THE MERCER SLOUGH ENVIRONMENTAL EDUCATION CENTER (MSEEC) HOSTS FIELD TRIPS, SLEEPOVERS, CAMPS, EXPEDITIONS, INTERNSHIPS, PARTIES AND PUBLIC OUTREACH PROGRAMS, ALL WITH A COMMON PURPOSE: TO PLANT SEEDS OF WONDER AND CURIOSITY ABOUT THE ENVIRONMENT THAT WILL HAVE A LIFELONG IMPACT. HERE, CHILDREN AND FAMILIES EXPLORE THE NETWORK OF TRAILS, WATERWAYS AND WILDLIFE AND THEN RETURN TO THE MSEEC TO STUDY THE SCIENCE BEHIND WHAT THEY'VE SEEN. SCIENCE ON WHEELS- EACH YEAR, SCIENCE ON WHEELS TRAVELS THROUGHOUT THE STATE TO BRING FUN, INFORMAL EXPERIENCES WITH SCIENCE TO SCHOOLS, FAIRS, AND COMMUNITY EVENTS. USING VANS FILLED WITH EXHIBITS AND DEMONSTRATION MATERIALS, SCIENCE ON WHEELS TEACHERS PRESENT PROGRAMS ON A WIDE RANGE OF TOPICS, INCLUDING GEOLOGY, PHYSICS, MATH, ASTRONOMY, ANATOMY, AGRICULTURE, AND ENGINEERING. THE PROGRAM IS ESPECIALLY IMPORTANT FOR THOSE COMMUNITIES WHO ARE GEOGRAPHICALLY ISOLATED AND ARE WITHOUT ACCESS TO MUSEUMS, UNIVERSITIES AND SCIENCE CENTERS, SO THEY CAN EXPERIENCE SCIENCE IN A LIVELY FORMAT NOT AVAILABLE IN THE CLASSROOM.ACCESO A LA CIENCIA- ACCESO A LA CIENCIA IS DESIGNED TO INCREASE THE INVOLVEMENT OF LATINO STUDENTS, PARENTS AND FAMILIES IN SCIENCE AND INFORMAL SCIENCE EDUCATION. THE PROGRAM RECRUITS LATINO TEENS FROM ACROSS EASTERN WASHINGTON AND GIVES THEM THE OPPORTUNITY TO BE ADVOCATES FOR SCIENCE IN THEIR COMMUNITIES. AT FAIRS, SCHOOLS AND COMMUNITY CENTERS, THE INTERNS SET UP AND INTERPRET BILINGUAL EXHIBITS AND PERFORM ENGAGING BILINGUAL SCIENCE SHOWS, ALLOWING FOR HANDS-ON SCIENCE EDUCATION TO REACH A NEW AUDIENCE. FUNDED BY A NATIONAL SCIENCE FOUNDATION GRANT, THE PROGRAM IS A UNIQUE COLLABORATION BETWEEN DIFFERENT COMMUNITY RESOURCES: PACIFIC SCIENCE CENTER, YAKIMA VALLEY/TRI-CITIES MESA, RADIO KDNA, AND WASHINGTON STATE UNIVERSITY TRI-CITIES.DISCOVERY CORPS- PACIFIC SCIENCE CENTER'S DISCOVERY CORPS PROGRAM WORKS TO INSPIRE TEENS (AGES 14-18) TO CONSIDER A CAREER IN SCIENCE BY GIVING THEM THE OPPORTUNITY TO LEARN AND WORK AT OUR MUSEUM. IN ADDITION TO FULFILLING 100 HOURS OF SERVICE ON OUR MUSEUM FLOOR, THE TEENS HAVE THE OPPORTUNITY TO MOVE UP THROUGH A DEFINED CAREER LADDER, AND PARTICIPATE IN FIELD TRIPS, LECTURES, FUN SOCIAL EVENTS AND WORKSHOPS ON TOPICS RANGING FROM JOB AND LIFE SKILLS TO COLLEGE PREPAREDNESS. PAID INTERNSHIPS ARE ALSO AVAILABLE WHICH ARE DESIGNED SPECIFICALLY FOR THE PROGRAM. THE MAJORITY OF TEENS IN DISCOVERY CORPS ARE FROM BACKGROUNDS TRADITIONALLY UNDERSERVED IN THE SCIENCES.LECTURES- PACIFIC SCIENCE CENTER HOSTS LECTURES BY AUTHORS, SCIENTISTS AND LEADERS BOTH FROM OUR REGION AND AROUND THE WORLD. PAST LECTURERS HAVE INCLUDED JAMES D. WATSON, THE CO-DISCOVERER OF DNA, AND FORMER KING COUNTY EXECUTIVE RON SIMS.SCIENCE ON A SPHERE - A GIFT FROM THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION (NOAA), THIS IS A ROOM-SIZED, GLOBAL DISPLAY SYSTEM THAT USES COMPUTERS AND PROJECTORS TO DISPLAY DATA SETS ONTO A SIX-FOOT DIAMETER SPHERE, SIMILAR TO A GIANT ANIMATED GLOBE. THESE DATA SETS ALLOW US TO EXPLAIN COMPLEX ENVIRONMENTAL PROCESSES TO OUR GUESTS IN A WAY THAT IS SIMULTANEOUSLY INTERACTIVE AND CAPTIVATING. THE ELEVATED SPHERE FEATURES DYNAMIC ANIMATED IMAGES OF EARTH'S ATMOSPHERE, OCEANS, HURRICANE PATHS, ANIMAL MIGRATION PATTERNS, GLOBAL WARMING TRENDS, ATMOSPHERIC CO2 LEVELS AND MORE. ORGANIZED THROUGH PLAYLISTS, SIMILAR TO AN MP3 PLAYER, THE SYSTEM ALSO HAS THE CAPACITY FOR LIVE DEMONSTRATIONS AND SPECIAL PROGRAMMING OPTIONS. PLANETARIUM- PACIFIC SCIENCE CENTER'S PLANETARIUM NOW BOASTS A NEW STATE-OF-THE-ART PROJECTION SYSTEM CREATED BY ZEISS OPTICS. THE DIGITAL PROJECTORS ALLOW SCIENCE CENTER STAFF TO PRESENT UP-TO-THE MINUTE NASA PHOTOGRAPHS, RESEARCH AND MOVIES. IN ADDITION, THE NEW PROJECTOR ALLOWS GUESTS TO VIEW FIVE TIMES AS MANY STARS. THE NEW PROJECTOR VIRTUALLY TRANSPORTS GUESTS TO THE MOUNTAINS TO VIEW A PRISTINE SKY, UNHINDERED BY CLOUDS OR LIGHT POLLUTION. IT EVEN HAS THE ABILITY TO SHOW YOU MORE STARS THAN THE HUMAN EYE CAN PERCEIVE IN THE NATURAL WORLD, WITHOUT THE ASSISTANCE OF TECHNOLOGY. THE ZEISS SPACEGATE DUO IS MADE POSSIBLE BY A GRANT FROM NASA, WHICH SUPPORTS PROGRAMMING IN THE WILLARD SMITH PLANETARIUM, ON THE ROAD AROUND WASHINGTON STATE WITH OUR SCIENCE ON WHEELS PORTABLE PLANETARIUMS, AND INCREASED ASTRONOMY ACHIEVEMENT IN DISCOVERY CORPS, PACIFIC SCIENCE CENTER'S YOUTH DEVELOPMENT PROGRAM. 20238454 1 1 0 1 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 47 0 1 561 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA OR X X MARY BARSTAD 2064432001 200 SECOND AVE N SEATTLE WA 98109 COLIN MOSELEY 1.00 X X 0 0 0 SCOTT ARMSTRONG 1.00 X X 0 0 0 PHIL M CONDIT 1.00 X X 0 0 0 EDWARD D THOMAS 1.00 X X 0 0 0 GRETCHEN HUND ANDREWS 1.00 X X 0 0 0 CHRISTOPHER ACKERLEY 1.00 X 0 0 0 ASH AWAD 1.00 X 0 0 0 MONA H BAILEY 1.00 X 0 0 0 DOUGLAS J BARKER 1.00 X 0 0 0 STEPHEN C BISHOP 1.00 X 0 0 0 COLLEEN BROWN 1.00 X 0 0 0 DR WARREN BUCK 1.00 X 0 0 0 IVAR CHHINA 1.00 X 0 0 0 TIM COPES 1.00 X 0 0 0 DR CAROL A DAHL 1.00 X 0 0 0 NELSON DEL RIO 1.00 X 0 0 0 DAVID FLUKE 1.00 X 0 0 0 ED FRIES 1.00 X 0 0 0 HANSON HOSEIN 1.00 X 0 0 0 BARBARA B HULIT 1.00 X 0 0 0 CAROL KESSLER 1.00 X 0 0 0 DAN MCCONNELL 1.00 X 0 0 0 EDWARD F MILLET 1.00 X 0 0 0 DR FRED MOLL 1.00 X 0 0 0 ARLEEN PAULINO 1.00 X 0 0 0 RODNEY G PROCTOR 1.00 X 0 0 0 PHIL QUARTARARO 1.00 X 0 0 0 JIM WARJONE 1.00 X 0 0 0 JOHN WARNER 1.00 X 0 0 0 CHRIS WITHERSPOON 1.00 X 0 0 0 GRACE YUAN 1.00 X 0 0 0 R BRYCE SEIDL 50.00 X 210117 0 5267 MICHAL ANDERSON 50.00 X 174181 0 965 DENNIS SCHATZ 50.00 X 173651 0 5267 ERIK PIHL 50.00 X 160687 0 5276 DIANE CARLSON 50.00 X 103916 0 5197 ELLEN LETTVIN 50.00 X 132889 0 5276 955441 0 27248 6 0 1 0 0 3488 2680509 217696 1345794 9464867 1291987 13712354 EXHIBITS 900099 7322072 7322072 GUEST SERVICES 900099 4043919 4043919 SCIENCE EDUCATION 900099 1910470 1910470 STRATEGIC PROGRAMS 900099 16405 16405 13292866 47141 47141 13200 13200 120000 120000 120000 120000 1442865 6925 1412319 30546 6925 37471 37471 45000 217696 158924 -113924 -113924 1100819 390210 710609 710609 PARKING GARAGE 812930 511388 76708 434680 GIFT SHOP COMMISSION 453220 313470 313470 EXHIBIT SALES & RENTAL 900099 41078 41078 128732 128732 994668 28814385 13292866 76708 1732457 429715 429715 8168557 6555766 612379 1000412 751109 639025 21690 90394 685668 504489 96099 85080 12635 5975 6660 71412 540 70872 154531 154531 13112 13112 1972251 1632475 187956 151820 1445378 1442370 3008 1608922 1354044 124705 130173 585216 17238 567485 493 1682439 1682439 1231418 957454 273964 308702 260812 17087 30803 94095 47858 31380 14857 291146 236706 30164 24276 1526971 1241648 158092 127231 EXHIBIT FEES 2490345 2490345 REPAIRS AND MAINTENANCE 600881 518670 26490 55721 MISCELLANEOUS 572640 411833 64225 96582 SPECIAL PROJECTS & OTHE 361409 236462 8755 116192 TAXES 2342 2305 37 25060894 20238454 2895398 1927042 62834 31126 76139 25755 1028305 4562437 876966 592061 22321 27945 858638 491141 50916279 18649513 31783180 32266766 1807056 2198805 990078 1027804 37505517 41223840 1675588 1736657 920214 1129869 4377499 3801036 245598 193927 7218899 6861489 X 26153241 25992042 2006710 6235168 2126667 2135141 30286618 34362351 37505517 41223840 X 3753491 322242 X 0 1 1 X 1 1 X 6611038 12120461 10703472 7971507 13712354 51118832 6611038 12120461 10703472 7971507 13712354 51118832 5061305 46057527 188257 201438 199274 177057 180341 946367 437877 471261 426989 606323 608251 2550701 54615900 61825975 0.84330 0.87930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154531 154531 25367453 25521984 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 155381 51750 42763 154531 404425 250000 250000 250000 250000 1000000 1500000 1873194 20873 335400 14907 2214560 1575014 99254 212085 13159 1873194 1939021 -364007 1575014 1.00000 0 0 4230000 4230000 40123192 15907136 24216056 4504705 2742377 1762328 2058382 2058382 32266766 CAPITAL LEASE OBLIGATIONS 193927 193927 28814385 25060894 3753491 322242 322242 4075733 29696153 322242 10393 332635 29363518 -549133 -549133 28814385 25620420 10393 549133 559526 25060894 0 25060894 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE A DEPENDABLE AND GROWING SOURCE OF FUNDING FOR THE OPERATION, SPECIAL PROGRAMS, AND CAPITAL IMPROVEMENT REQUIREMENTS OF THE PACIFIC SCIENCE CENTER. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII -390,210. SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE -158,923. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII 390,210. SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE 158,923. FESTIVAL OF FOUNTAINS 262696 217696 45000 158924 262696 217696 45000 158924 158924 -113924 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 R BRYCE SEIDL 199363 0 0 0 10754 0 0 0 5267 0 215384 0 0 0 MICHAL ANDERSON 174181 0 0 0 0 0 0 0 965 0 175146 0 0 0 DENNIS SCHATZ 139827 0 0 0 33824 0 0 0 5267 0 178918 0 0 0 ERIK PIHL 160687 0 0 0 0 0 0 0 5276 0 165963 0 0 0 PART I, LINE 1A PAYMENT OF MEMBERSHIP FEES AT RAINIER CLUB FOR R. BRYCE SEIDL, PRESIDENT AND CEO TOTALING $1,845.00 AND WAS NOT REPORTED TO HIM AS INCOME BECAUSE THERE WAS NO PERSONAL USE. ALL USE WAS FOR BUSINESS PURPOSES. X 12 741517 MARKET VALUE X 5 4592 COST X EQUIP & SUPPLS 13 31226 COST X SOFTWARE 1 514652 COST 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBERS IN COLUMN B ABOVE REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 6 VOLUNTEERS ARE INVOLVED IN MANY ASPECTS OF THE PACIFIC SCIENCE CENTER. SOME PROVIDE ASSISTANCE THROUGH OUR SCIENCE INTERPRETATION PROGRAM BY ASSISTING OUR VISITORS WITH SCIENCE EXPLORATION AND INFORMAL EDUCATION, SOME ASSIST WITH OUR OFFSITE SUMMER CAMPS BY RUNNING ACTIVITIES WITH CAMPERS AND MONITORING THEIR BEHAVIOR ON FIELD TRIPS. WE ALSO HAVE VOLUNTEERS WHO ASSIST WITH MAINTAINING EXHIBITS, ANIMAL CARE, HORTICULTURE, AS WELL AS ASSIST WITH VARIOUS OFFICE TASKS. THIS PAST YEAR THEY CONTRIBUTED OVER 28,000 HOURS. ALL 26 MEMBERS OF THE BOARD OF DIRECTORS ARE VOLUNTEERS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED INTERNALLY BY THE CONTROLLER & CFOO. THEN IT IS PRESENTED TO THE BOARD FINANCE COMMITTEE WHO REVIEWS IT WITH THE ACCOUNTING FIRM, THE PRESIDENT, CFOO AND CONTROLLER. LASTLY, THE BOARD FINANCE COMMITTEE PRESENTS THE 990 TO THE FULL BOARD INDICATING THEIR RECOMMENDATIONS AS TO ITS COMPLETENESS AND ACCURACY. ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE THE QUESTIONNAIRE ANNUALLY. MANAGEMENT REVIEWS THE POLICIES AND CONSIDERS THE SOURCE AND IMPACT OF ANY CONFLICTS. IF A CONFLICT IS FOUND, THAT BOARD MEMBER REFRAINS FROM DISCUSSING OR VOTING ON THAT PARTICULAR MATTER. FORM 990, PART VI, SECTION B, LINE 15 FOR OFFICERS OF THE ORGANIZATION, COMPENSATION IS DETERMINED BY REVIEW OF DATA FROM LOCAL 990S, SALARY SURVEYS, INPUT FROM HUMAN RESOURCE PROFESSIONALS AND BOARD MEMBER REVIEW. IN 2003, OUR CURRENT PRESIDENT & CEO WAS HIRED AND HIS COMPENSATION WAS DETERMINED USING THE CRITERA STATED ABOVE AND FINALIZED BY A COMMITTEE MADE UP OF BOARD MEMBERS. AN EMPLOYMENT CONTRACT WAS PUT IN PLACE STATING THE EXPECTATIONS AND COMPENSATION. IN 2007, TOTAL COMPENSATION WAS REVIEWED TO MARKET AND A NEW EMPLOYMENT AGREEMENT WAS FINALIZED. IN JUNE 2011, THE BOARD REVIEWED THE CEO'S COMPENSATION AND ESTABLISHED A NEW CONTRACT. THE CFO AND ALL KEY EMPLOYEE SALARIES WERE ALSO REVIEWED BY THE BOARD AS THIS TIME. THIS PROCESS HAPPENS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 322,242.