2023-11-15T13:00:35-06:00 2022-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-01-01 131624015 GREATER NEW YORK COUNCILS BOY SCOUTS OF AMERICA GREA 2122421100 475 RIVERSIDE DRIVE 600 NEW YORK NY 10115 SAROYA FRIEDMAN-GONZALEZ SCOUT EXECUTIVE/CEO/SEC. 2122421100 2023-11-14 1 SAROYA FRIEDMAN-GONZALEZ XXX-XX-XXXX 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAROYA FRIEDMAN-GONZALEZ 475 RIVERSIDE DRIVE 600 NEW YORK NY 10115 18194896 0 X WWW.NYCSCOUTING.ORG X 1922 NY TO SERVE SOCIETY BY HELPING TO INSTILL VALUES IN YOUNG PEOPLE 63 63 226 2900 0 0 5008698 4013466 2172241 2272533 1369619 7654925 271610 738293 8822168 14679217 0 0 176700 312683 3850907 4696754 39250 36000 1041878 3539479 4411046 7606336 9456483 1215832 5222734 24275253 20939615 10437498 4739845 13837755 16199770 X THE GREATER NEW YORK COUNCILS, BSA HAS HELPED OVER FIVE MILLION YOUNG PEOPLE BECOME "PREPARED FOR LIFE." THE MISSION OF THE GREATER NEW YORK COUNCILS IS TO SERVE KIDS THROUGHOUT ALL COMMUNITIES IN NEW YORK CITY AND TO HELP THEM TO PREPARE FOR SUCCESS IN SCHOOL, CAREER, AND LIFE.SCOUTING SERVES YOUTH ACROSS MANY ASPECTS OF THEIR LIFE -- AFTER SCHOOL, WEEKEND, AND SUMMER CAMP PROGRAMMING - PROVIDING THEM WITH A WELL-ROUNDED NETWORK OF SUPPORTIVE PEERS AND ADULTS. SCOUTING AIMS TO DEVELOP THE WHOLE PERSON THROUGH COMMUNITY SERVICE PROJECTS, FIELD TRIPS TO NEW YORK CITY CULTURAL ATTRACTIONS, CAMPOREES, S.T.E.M. PROGRAMS, FAMILY FUN WEEKENDS, AND MUCH MORE. SCOUTING BRINGS FAMILY AND COMMUNITY TOGETHER -- THUS CREATING AN ECOSYSTEM OF SUPPORT WHILE ALSO DEVELOPING LEADERS OF TOMORROW. 0 0 2012745 132448 FIELD SERVICES: PROGRAMS PROVIDED TO OVER 8,000 YOUTH MEMBERS, COMPRISED OF BOYS, GIRLS, AND NONBINARY YOUTH AGES 6 THROUGH 20 IN CUB SCOUTS, SCOUTS BSA, SCOUTREACH PROGRAMS FOR LOW-INCOME YOUTH, VENTURING HIGH-ADVENTURE PROGRAMS, AND EXPLORING WORKFORCE PREPAREDNESS PROGRAMS. THESE POSITIVE AND PROVEN DEVELOPMENTAL OPPORTUNITIES FOR YOUNG PEOPLE INCLUDE LEADERSHIP TRAINING, CIVIC AND COMMUNITY SERVICE OPPORTUNITIES, LIFE SKILLS DEVELOPMENT, AND PHYSICAL FITNESS TRAINING. OUR YOUTH AND ADULTS CONTRIBUTE OVER 100,000 HOURS OF VOLUNTEER SERVICE ANNUALLY. OUR COMMUNITY IS COMPRISED OF NEARLY 2500 ADULT VOLUNTEER LEADERS, APPROXIMATELY 20 SCOUTREACH STAFF AND OVER 400 EXPLORING VOLUNTEERS- 100% OF WHOM COMPLETED YOUTH PROTECTION TRAINING. 5019913 2140085 CAMPING AND ACTIVITIES: THE COUNCIL PROVIDES OUTDOOR EDUCATION, RECREATION AND FIELD TRIPS TO GREATER NEW YORK COUNCILS' PROPERTIES INCLUDING TEN MILE RIVER SCOUT RESERVATION IN NARROWSBURG, NY; ALPINE SCOUT CAMP IN ALPINE, NJ; AND WILLIAM H. POUCH SCOUT CAMP IN STATEN ISLAND, NY, AS WELL AS AT OTHER LOCATIONS. YEAR-ROUND CAMPING OPPORTUNITIES ARE PROVIDED TO THOUSANDS OF YOUTHS. WE ALSO OFFER 5,000 LONG-TERM SESSIONS AT SUMMER CAMP ANNUALLY. A HIGH PERCENTAGE OF LEADERS SEE IMPROVEMENT IN SCOUTS' LIFESKILLS AFTER SUMMER CAMP PARTICIPATION, INCLUDING LEADERSHIP, RESILIENCE, RESPONSIBILITY, AND COMMUNICATION. AND LEADERS AGREE THAT SCOUTS ARE BETTER PREPARED FOR THE SCHOOL YEAR AFTER SUMMER CAMP. IN 2022, WE OFFERED ABOUT 700 DAYS OF CAMPING TO GNYC YOUTH AND NEARLY 850 DAYS TO OUT-OF-COUNCIL YOUTH. WE PROVIDED ABOUT 350 CAMP TRIPS TO GNYC YOUTH AND ABOUT 400 CAMP TRIPS TO OUT OF COUNCIL UNITS. 73600 CHARTER AND NATIONAL SERVICE FEE: PROVIDES THE COUNCIL WITH THE RESOURCES OF THE BOY SCOUTS OF AMERICA NATIONAL ORGANIZATION INCLUDING ONLINE TRAINING, YOUTH PROTECTION TRAINING, PROGRAM DEVELOPMENT INCLUDING MERIT BADGE CURRICULA, RANK ADVANCEMENT SUPPORT, MEMBERSHIP AND STAFFING SUPPORT, LIBILITY INSURANCE FOR OUR PROFESSIONALS, VOLUNTEERS AND CHARTERED PARTNERS, AS WELL AS QUALITY ASSURANCE STANDARDS AND MEASUREMENT. 7106258 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 226 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 63 63 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X RENETTE BAYNE ISSAKA CONTROLLER 2126512886 475 RIVERSIDE DRIVE STE 600 NEW YORK NY 10115 X MARK CARAWAN CHAIRMAN 3.00 X X 0 0 0 RICHARD G MASON ESQ CHAIR EMERITUS 3.00 X X 0 0 0 RAY QUARTARARO CHAIR EMERITUS 3.00 X X 0 0 0 PAUL J RESZUTEK TREASURER 3.00 X X 0 0 0 ALEX FREDERICKS ASSISTANT TREASURER 3.00 X X 0 0 0 THOMAS S BAIN V.P. - RISK MANAGEMENT 3.00 X X 0 0 0 KIMARA BONHOMME V.P. - SCOUTREACH 3.00 X X 0 0 0 WILLIAM Q DERROUGH V.P. - DEVELOPMENT 3.00 X X 0 0 0 JAMES K DONAGHY V.P. - EXPLORING 3.00 X X 0 0 0 ANTHONY FIORI V.P. - MEMBERSHIP 3.00 X X 0 0 0 THEODORE R GAMBLE JR V.P. - FINANCE 3.00 X X 0 0 0 ELLEN R HARRIS CFA V.P. INVESTMENT 3.00 X X 0 0 0 THOMAS J KAVALER ESQ V.P. - BOARD GIVING 3.00 X X 0 0 0 GEOFFREY A MILLS V.P. - CAMPING & PROGRAMS 3.00 X X 0 0 0 ROBERT NATT V.P. - PROPERTIES 3.00 X X 0 0 0 RICHARD HANS COUNSEL 3.00 X X 0 0 0 JE REEVES JR DIRECTOR 3.00 X X 0 0 0 DAMIAN SCHAIBLE V.P.-ALUMNI DEVELOPMENT 3.00 X X 0 0 0 ROBERT J CESKE BOROUGH PRESIDENT - MANHATTAN 3.00 X X 0 0 0 KEITH D CHRISTENSEN BOROUGH PRESIDENT-STATEN ISLAND 3.00 X X 0 0 0 GREGORY CLANCY BOROUGH PRESIDENT - BRONX 3.00 X X 0 0 0 STEVEN MIRONES BOROUGH PRESIDENT - BROOKLYN 3.00 X X 0 0 0 MICHAEL E SIBILIA BOROUGH PRESIDENT - QUEENS 3.00 X X 0 0 0 JAMES DELOREY COUNCIL COMMISSIONER 3.00 X X 0 0 0 STEVEN M ALDEN ESQ DIRECTOR 3.00 X 0 0 0 VINCENT ALVAREZ DIRECTOR 3.00 X 0 0 0 DAVID S BAGATELLE DIRECTOR 3.00 X 0 0 0 STEPHEN R BARRETT DIRECTOR 3.00 X 0 0 0 LAWRENCE E BATHGATE II DIRECTOR 3.00 X 0 0 0 JOHN BELBUSTI DIRECTOR 3.00 X 0 0 0 JACLYN BERNSTEIN DIRECTOR 3.00 X 0 0 0 REGINALD BROWNE DIRECTOR 3.00 X 0 0 0 MARCIA CANTARELLA DIRECTOR 3.00 X 0 0 0 LISA CASSONE DIRECTOR 3.00 X 0 0 0 ANTHONY CATERINO DIRECTOR 3.00 X 0 0 0 ARTHUR B CROZIER DIRECTOR 3.00 X 0 0 0 FRED DIXON DIRECTOR 3.00 X 0 0 0 JAMES FAMULARO DIRECTOR 3.00 X 0 0 0 GREGORY FLOYD DIRECTOR 3.00 X 0 0 0 EUGENE J GOTTESMAN DIRECTOR 3.00 X 0 0 0 WILLIAM HAYNES II DIRECTOR 3.00 X 0 0 0 R GLENN HUBBARD NOMINATING COMMITTEE CHAIR 3.00 X 0 0 0 EUGENE KEILIN DIRECTOR 3.00 X 0 0 0 GARY LABARBERA DIRECTOR 3.00 X 0 0 0 CAROL NOTIAS LAMBOS ESQ DIRECTOR 3.00 X 0 0 0 BRIAN T MALONEY DIRECTOR 3.00 X 0 0 0 JOSEPH MIZZI DIRECTOR 3.00 X 0 0 0 BRIAN D MURPHY DIRECTOR 3.00 X 0 0 0 MICHAEL O'BRIEN OA LODGE ADVISOR 3.00 X 0 0 0 ANA OLIVEIRA DIRECTOR 3.00 X 0 0 0 CHRISTOPHER RALIEGH DIRECTOR 3.00 X 0 0 0 ASIM REHMAN DIRECTOR 3.00 X 0 0 0 BLAIR RIDDER DIRECTOR 3.00 X 0 0 0 MICHAEL A ROSS ESQ DIRECTOR 3.00 X 0 0 0 DAVID V SHIELDS DIRECTOR 3.00 X 0 0 0 GREGORY A SHUNICK DIRECTOR 3.00 X 0 0 0 ROBERT K STEEL DIRECTOR 3.00 X 0 0 0 JUDGE SIDNEY H STEIN DIRECTOR 3.00 X 0 0 0 DAVID VAVRASEK DIRECTOR 3.00 X 0 0 0 CYNTHIA WHITEHEAD DIRECTOR 3.00 X 0 0 0 OMER S J WILLIAMS ESQ DIRECTOR 3.00 X 0 0 0 ALLEN R WOLFF ESQ DIRECTOR 3.00 X 0 0 0 ANTONIO DEL ROSARIO DIRECTOR 3.00 X 0 0 0 SAROYA FRIEDMAN-GONZALEZ SCOUT EXECUTIVE/CEO/SEC. AS OF 11/22 40.00 X 325000 0 4575 RICHARD A DAVIES SCOUT EXECUTIVE/CEO/SEC. TO 10/22 40.00 X 200000 0 16812 RENETTE BAYNE ISSAKA CONTROLLER 40.00 X 124800 0 11530 CHRISTOPHER GUARNIERE DEPUTY SCOUT EXECUTIVE 40.00 X 149800 0 13947 JEFF FANARA DIRECTOR OF SPECIAL EVENTS 40.00 X 163582 0 15098 DOROTHY BROWNE DIRECTOR OF CORP. & FDN. 40.00 X 114005 0 10466 JOSEPH SCHILTZ DIRECTOR OF FIELD SERVICE 40.00 X 118342 0 11381 1195529 0 83809 7 0 1 0 0 11917 1996451 95000 1910098 4013466 CAMPING REVENUE 900099 2140085 2140085 ACTIVITY REVENUE 900099 132448 132448 2272533 319919 319919 2238669 7887000 2213398 577265 25271 7309735 7335006 7335006 475322 1996451 475322 0 387136 249694 137442 137442 OTHER REVENUE 900099 359608 359608 RETENTION CREDIT 900099 241243 241243 600851 14679217 2873384 0 7792367 312683 312683 546387 546387 3221668 2374432 355859 491377 277331 277331 333802 163852 80039 89911 317566 239442 37276 40848 3948 3948 179791 110956 68035 800 36000 36000 77157 77157 473234 73904 189782 209548 1214496 1134664 33221 46611 1006193 790578 148500 67115 124270 116942 4257 3071 14953 14436 356 161 34338 20692 9398 4248 489008 455924 22786 10298 388501 176718 208115 3668 OTHER EXPENSES 165820 94939 36721 34160 EMPLOYEE RELATED EXPENS 106253 79622 26631 CHARTER & NAT. SVC. FEE 73600 73600 RECOGNITION AWARDS 53124 45208 3987 3929 6360 6227 133 9456483 7106258 1308347 1041878 1310628 1538186 906232 1496824 1047127 847063 129324 14747 195749 236144 315756 365686 21089821 16333206 5080314 4756615 14045651 10276777 1244472 1407573 24275253 20939615 9386060 533234 165193 166374 730000 3210000 156245 830237 10437498 4739845 X 2584225 5690998 11253530 10508772 13837755 16199770 24275253 20939615 X 5222734 -2694972 -165747 X 0 1 X 1 0 X 9236178 6484733 5309500 5138003 4013466 30181880 9236178 6484733 5309500 5138003 4013466 30181880 743100 29438780 396380 359905 312624 249411 319919 1638239 133509 35531 60348 194644 600851 1024883 32845002 13003319 0.89630 0.91780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 133,509. 2019 AMOUNT: $ 35,531. 2020 AMOUNT: $ 60,348. 2021 AMOUNT: $ 194,644. 2022 AMOUNT: $ 600,851. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21279378 24864 -7319156 61434 13923652 20534195 429674 825695 510186 21279378 20083938 178155 997956 725854 20534195 18739805 219363 1838793 714023 20083938 19143146 1992302 -1188796 1206847 18739805 0.24526 0.08754 0.66720 0 0 630948 630948 13786522 10716556 3069966 266358 165225 101133 4033712 3695575 338137 2372281 1755850 616431 4756615 BENEFICIAL INTERESTS IN CHARTIABLE REMAINDER AND PERPETUAL TRUSTS, AT FV 941568 LAND ASSETS HELD FOR SALE 60000 ROUA - OPERATING LEASE 406005 1407573 CAPITAL LEASE AND VEHICLE OBLIGATIONS 406005 CUSTODIAL ACCOUNTS 424232 830237 X 12168652 -2694972 427311 -242904 -2510565 14679217 0 14679217 9806637 427311 427311 9379326 77157 77157 9456483 PART V, LINE 4: THE PURPOSE OF THE GREATER NEW YORK COUNCILS, BOY SCOUTS OF AMERICA ENDOWMENT TRUST IS TO PROVIDE A VEHICLE FOR DONORS TO MAKE PLANNED GIFTS TO THE COUNCIL TO FUND ITS LONG TERM OBJECTIVES. THE PRINCIPAL OF THE GIFTS RECEIVED ARE RESTRICTED AND INVESTED BY PROFESSIONAL ASSET MANAGERS, GUIDED BY THE COUNCIL'S INVESTMENT POLICY WITH OVERSIGHT GIVEN BY THE COUNCIL'S INVESTMENT COMMITTEE, WHICH IS COMPRISED OF KNOWLEDGEABLE INDIVIDUALS FROM NEW YORK'S BANKING, INVESTING & FINANCE COMMUNITY. ANNUAL DISTRIBUTIONS OF THE APPRECIATED MANAGED PORTFOLIO ARE DISTRIBUTED BY PERCENTAGE RECOMMENDATIONS BY MEMBERS OF THE COUNCIL'S INVESTMENT COMMITTEE, NOT TO SURPASS 5% TO FUND PROGRAMS OF THE COUNCIL. THE MAJORITY OF THE FUNDS CENTER AROUND SUMMER CAMP SUBSIDIES OF YOUTH MEMBERS ATTENDANCE AND YOUTH PARTICIPATION IN THE PROGRAM. CAPITAL FUND - IS USED TO ACCOUNT FOR PROPERTY, BUILDINGS, EQUIPMENT, LEASEHOLD IMPROVEMENTS AND LEGALLY RESTRICTED CASH THAT IS TO BE EXPENDED FOR PROPERTY, BUILDING, AND EQUIPMENT AND RELATED DEBT PAYMENTS. ADDITIONALLY, INVESTMENTS EITHER RESTRICTED OR DESIGNATED FOR CAPITAL REPAIR AND IMPROVEMENTS WHERE THE INCOME IS EITHER DESIGNATED OR RESTRICTED FOR THOSE PARTICULAR ITEMS. REVENUE AND EXPENSES RELATED TO THE CAPITAL FUNDRAISING CAMPAIGN ARE ALSO INCLUDED. ENDOWMENT FUND - IS NORMALLY USED TO ACCOUNT FOR AMOUNTS OF GIFTS AND BEQUESTS ACCEPTED WITH LEGAL RESTRICTIONS BASED ON DONOR STIPULATION THAT THE PRINCIPAL BE MAINTAINED INTACT IN PERPETUITY, UNTIL THE OCCURRENCE OF A SPECIFIED EVENT OR FOR A SPECIFIED PERIOD, AND THAT INVESTMENT RETURN THEREOF BE EXPENDED EITHER FOR GENERAL PURPOSES OR FOR PURPOSES SPECIFIED BY THE DONOR. INVESTMENT FUNDS WITH OR WITHOUT DONOR RESTRICTIONS ARE ALSO INCLUDED IN THE ENDOWMENT. CERTAIN DONOR-RESTRICTED NET ASSETS HAVE BEEN RESTRICTED BY DONORS TO BE MAINTAINED BY THE COUNCIL IN PERPETUITY. NET ASSETS WITH PERPETUAL RESTRICTIONS OF THE ENDOWMENT FUND INCLUDE BENEFICIAL INTERESTS IN CHARITABLE REMAINDER AND PERPETUAL TRUSTS. PART X, LINE 2: THE COUNCIL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE COUNCIL IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE COUNCIL EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES, REVIEW OF ITS REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. NO UNCERTAIN TAX POSITIONS WERE IDENTIFIED BY THE COUNCIL AS OF DECEMBER 31, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER AND PERPETUAL TRUSTS -242,904. X 0 PATRICIA LYNCH ASSOCIATES 677 BROADWAY SUITE 205 ALBANY NY 12207 GOVERNMENT WRITING 0 2471773 36000 0 2471773 36000 NY CONSTRUCTION LUNCHEON 401200 330880 70320 14030 53924 2366 INSURANCE LUNCHEON 546800 474111 72689 72070 619 17 1523773 1191460 332313 18365 299801 3038 11109 2471773 1996451 475322 32395 425795 3038 14094 475322 0 SCHEDULE G, PART I, LINE 2B, COLUMN (V) SEEK OPERATIONAL AND CAPITAL SUPPORT 1 X X X 0 1 0 0 0 0 0 0 0 SAROYA FRIEDMAN-GONZALEZ SCOUT EXECUTIVE/CEO/SEC. AS OF 11/22 325000 0 0 0 0 0 4575 0 0 0 329575 0 0 0 RICHARD A DAVIES SCOUT EXECUTIVE/CEO/SEC. TO 10/22 200000 0 0 0 0 0 16812 0 0 0 216812 0 0 0 JEFF FANARA DIRECTOR OF SPECIAL EVENTS 163582 0 0 0 0 0 15098 0 0 0 178680 0 0 0 CHRISTOPHER GUARNIERE DEPUTY SCOUT EXECUTIVE 149800 0 0 0 0 0 13947 0 0 0 163747 0 0 0 SCHEDULE J PART 1 QUESTION 4B THE GREATER NEW YORK COUNCILS OFFERS A VOLUNTARY MATCH SAVINGS PROGRAM FOR EMPLOYEES TO MAKE PRE-TAX SALARY CONTRIBUTIONS. EMPLOYER WILL MATCH 50% OF EACH PRE-TAX DOLLAR EMPLOYEE CONTRIBUTES ON THE FIRST 6% OF PAY THAT EMPLOYEE DEFERS TO THE PROGRAM. FORM 990, PART VI, SECTION A, LINE 6 THE COUNCIL WAS INCORPORATED AS A MEMBERSHIP CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS PRESENTS A SLATE OF CANDIDATES AND THE VOTING MEMBERS AS A WHOLE VOTE ON THE SLATE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B CHARTERED ORGANIZATION REPRESENTATIVES ARE VOTING MEMBERS AT THE ANNUAL MEETING TO APPROVE THE SELECTION OF COUNCIL BOARD MEMBERS AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AT ITS NOVEMBER MEETING AND A DRAFT WAS CIRCULATED TO THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED ANNUALLY BY OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 MEMBERS OF THE COMPENSATION COMMITTEE OF THE BOARD REVIEW COMPARABLE DATA FROM BOTH THE NATIONAL OFFICE OF BOY SCOUTS OF AMERICA AND DATA FROM THE NEW YORK CITY NON-PROFIT SECTOR SURVEY. EACH YEAR COMPENSATION WILL BE REVIEWED BASED ON THE COUNCIL'S ACTIVITY. NATIONAL OFFICE DOES THIS REVIEW SEPARATELY. FORM 990, PART VI, SECTION C, LINE 19 THE COUNCIL WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THE ANNUAL REPORT IS AVAILABLE ON OUR WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER AND PERPETUAL TRUSTS -242,904. INVESTMENT FEE 77,157.