2024-05-06T08:39:23-05:00 2023-06-30 450250958 EIDE BAILLY LLP 18081 BURT ST STE 200 OMAHA NE 680224722 990 2022-07-01 470624928 IMMANUEL COMMUNITY FOUNDATION IMMA 4028292900 1044 N 115TH ST 500 OMAHA NE 68154 SCOTT BEAR VP, CFO & TREASURER 4028292900 2024-05-03 1 SCOTT BEAR XXX-XX-XXXX 1 WENDY R COOLEY CPA P01523804 4023302660 2024-05-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT BEAR 1044 N 115TH ST 500 OMAHA NE 68154 1110950 0 X WWW.IMMANUEL.COM X 1977 NE RAISE AND CONTRIBUTE FUNDS TO SUPPORT THE MISSION OF IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, PACE IOWA, PACE NEBRASKA, IMMANUEL LONG TERM CARE, AND IRC II, INC. 16 16 0 16 0 0 844383 1065053 0 0 134654 45897 0 0 979037 1110950 288734 596482 0 0 209257 174428 0 0 0 197299 594543 695290 1365453 283747 -254503 5059487 5280680 110540 646215 4948947 4634465 RAISE AND CONTRIBUTE FUNDS TO SUPPORT THE MISSION OF IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, PACE IOWA, PACE NEBRASKA, IMMANUEL LONG TERM CARE, AND IRC II, INC. 0 0 1359237 596482 FUNDRAISING, DEVELOP SENIOR PROGRAMS, DEVELOP FUNDING OPPORTUNITIES AND INVEST IN AFFORDABLE PROJECTS FOR SENIORS. 1359237 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X KELLE SCOTT CONTROLLER 4028292933 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 X CINDY ALLOWAY CHAIR 0.25 2.75 X X 0 0 0 JILL POWERS VICE CHAIR 0.25 3.00 X X 0 0 0 CLARENCE NICHOLS SECRETARY 0.25 2.75 X X 0 0 0 REV E JON BENSON DIRECTOR 0.25 3.00 X 0 0 0 BRENDA BERGMAN-EVANS DIRECTOR 0.25 3.15 X 0 0 0 STEVEN BULLOCK DIRECTOR 0.25 2.75 X 0 0 0 RANDAL BURNS DIRECTOR 0.25 3.00 X 0 0 0 DAN FRIEDLUND DIRECTOR 0.25 3.15 X 0 0 0 GEORGE GRIEB DIRECTOR 0.25 2.75 X 0 0 0 KRISTEN HOFFMAN MD DIRECTOR 0.25 3.00 X 0 0 0 SCOTT HOWERTER DIRECTOR 0.25 2.75 X 0 0 0 BRUCE PLATH DIRECTOR 0.25 2.75 X 0 0 0 STEVE SCANLAN DIRECTOR 0.25 2.75 X 0 0 0 BISHOP SCOTT JOHNSON DIRECTOR 0.25 3.00 X 0 0 0 ANDREA SKOLKIN DIRECTOR 0.25 2.75 X 0 0 0 JANE TONNIGES DIRECTOR 0.25 2.75 X 0 0 0 BISHOP BRIAN MAAS DIRECTOR UNTIL 09/01/22 0.25 2.75 X 0 0 0 ERIC GURLEY PRESIDENT & CEO 2.00 50.00 X 0 578904 259703 SCOTT BEAR VP, CFO & TREASURER 1.00 51.00 X 0 305231 48535 EMILY TONNIGES EXECUTIVE DIRECTOR 20.00 20.00 X 0 112645 16582 KELLE SCOTT CONTROLLER 1.00 47.00 X 0 153770 23434 MARTIN SMITH DIRECTOR OF FINANCE 1.00 47.00 X 0 136975 40087 0 1287525 388341 0 0 1 0 0 1065053 1065053 45319 45319 578 0 578 578 578 1110950 0 0 45897 X 260640 260640 335842 335842 140115 140115 6547 6547 17802 17802 9964 9964 16695 16695 4120 4120 532416 532416 26414 26414 3759 3759 8674 8674 1280 1280 816 816 DUES AND SUBSCRIPTIONS 369 369 1365453 1359237 6216 0 624374 885195 312696 696 40220 25693 554 6399 2240 5439 4159 570905 864383 3500000 3500000 5853 0 5059487 5280680 110540 219255 0 426960 110540 646215 X 2993265 2592419 1955682 2042046 4948947 4634465 5059487 5280680 -254503 -59979 0 X X 0 1 X 1 0 X X 6 IMMANUEL RETIREMENT COMMUNITIES 470799118 10 1 191338 0 IMMANUEL HOME AND COMMUNITY RESOURCES 272628802 10 1 0 0 PACE IOWA 273635343 10 0 0 0 PACE NEBRASKA 273635416 10 0 0 0 IMMANUEL LONG TERM CARE 462582783 10 1 0 0 IRC II INC 812697102 10 1 5494 0 6 196832 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION A, LINE 1: PACE IOWA AND PACE NEBRASKA ARE NOT SEPARATELY LISTED BY NAME IN THE ORGANIZATION'S GOVERNING DOCUMENTS. HOWEVER, IMMANUEL HOME AND COMMUNITY RESOURCES, THE DIRECT CONTROLLING ENTITY OF PACE IOWA AND PACE NEBRASKA, IS LISTED BY NAME IN BOTH THE ARTICLES OF INCORPORATION AND THE BYLAWS. SINCE IMMANUEL HOME AND COMMUNITY RESOURCES IS A SUPPORTED ORGANIZATION OF IMMANUEL COMMUNITY FOUNDATION (ICF,) PACE IOWA AND PACE NEBRASKA ARE ALSO INDIRECTLY SUPPORTED ORGANIZATIONS OF ICF. THE ARTICLES OF INCORPORATION CURRENTLY LIST FOUR SUPPORTED ORGANIZATIONS BY NAME, ALL OF WHICH IMMANUEL IS THE SOLE MEMBER, AND ALSO PROVIDE THAT ICF "IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986." PART IV, SECTION A, LINE 6: IMMANUEL COMMUNITY FOUNDATION (ICF) PROVIDED FINANCIAL SUPPORT TO IMMANUEL, THE SOLE MEMBER OF IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, IMMANUEL LONG TERM CARE, AND IRC II, INC. (ALL SUPPORTED ORGANIZATIONS OF ICF). IMMANUEL SUPPORTS THE MISSIONS OF IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, IMMANUEL LONG TERM CARE AND IRC II, INC.; THEREFORE, ANY SUPPORT THAT IS PROVIDED TO IMMANUEL WILL ULTIMATELY FURTHER SUPPORT ICF'S SUPPORTED ORGANIZATIONS. PART IV, SECTION D, LINE 3: IMMANUEL COMMUNITY FOUNDATION'S BOARD OF DIRECTORS ALSO SERVE ON THE BOARD OF DIRECTORS OF IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, IMMANUEL LONG TERM CARE, AND IRC II, INC. THESE DIRECTORS ASSIST IN THE DIRECTION OF THE FOUNDATION AND LEND A SIGNIFICANT VOICE TO ALL POLICIES AND PROCEDURES THROUGHOUT THE YEAR, INCLUDING THE ORGANIZATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME OR ASSETS. PART IV, SECTION E, LINE 2A: IMMANUEL COMMUNITY FOUNDATION RAISES AND CONTRIBUTES FUNDS TO SUPPORT THE MISSIONS OF IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, PACE IOWA, PACE NEBRASKA, IMMANUEL LONG TERM CARE, AND IRC II, INC. ICF'S PRIMARY PROGRAM SERVICES ARE FUNDRAISING, DEVELOPING SENIOR PROGRAMS, DEVELOPING FUNDING OPPORTUNITIES AND INVESTING IN AFFORDABLE PROJECTS FOR SENIORS. THESE ACTIVITIES DIRECTLY FURTHER THE MISSIONS OF THE SUPPORTED ORGANIZATIONS TO PROVIDE CHRIST-CENTERED SERVICE TO SENIORS, EACH OTHER AND THE COMMUNITY. PART IV, SECTION E, LINE 2B: IMMANUEL COMMUNITY FOUNDATION (ICF) RAISES AND COLLECTS FUNDS TO SUPPORT THE MISSION OF IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, IMMANUEL LONG TERM CARE, AND IRC II, INC. ALL OF THE SUPPORTED ORGANIZATIONS ARE 501(C)(3) ORGANIZATIONS AUTHORIZED TO ACCEPT CONTRIBUTIONS AND PLEDGES FROM INDIVIDUALS AND ORGANIZATIONS. IF ICF DID NOT EXIST, THEN TO ENSURE CONTINUANCE OF THE CONTRIBUTION REVENUE, EACH SUPPORTED ORGANIZATION WOULD HAVE TO ENGAGE IN FUNDRAISING, STRATEGIC PLANNING AND IDENTIFY AND INVEST IN AFFORDABLE PROJECTS FOR SENIORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6399 2240 4159 4159 GLOBAL TACTICAL ASSET ALLOCATION FUND 3500000 F 3500000 AFFILIATE PAYABLE 426960 426960 X PART X, LINE 2: IMMANUEL ACCOUNTS FOR UNCERTAINTIES IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES USING GUIDANCE INCLUDED IN FASB ASC 740, INCOME TAXES. IMMANUEL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. AS OF JUNE 30, 2023 AND 2022, IMMANUEL HAD NO UNCERTAIN TAX POSITIONS ACCRUED. 1 IMMANUEL RETIREMENT COMMUNITIES 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 470799108 501(C)(3) 191338 0 GENERAL SUPPORT IRC II INC 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 812697102 501(C)(3) 5494 0 GENERAL SUPPORT IMMANUEL 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 470733774 501(C)(3) 16990 0 GENERAL SUPPORT 3 0 SCHOLARSHIPS 61 172754 RESIDENTS ASSISTANCE 7 150773 HELPING HANDS 31 12315 PART I, LINE 2: ALL GRANTS ARE MADE TO 501(C)(3) ORGANIZATIONS, AND GENERALLY TO RELATED ORGANIZATIONS. IMMANUEL COMMUNITY FOUNDATION MONITORS THE USE OF THE GRANT FUNDS BY MAINTAINING CONTACT WITH THE DONEE ORGANIZATIONS. 0 1 0 0 0 0 0 0 0 ERIC GURLEY PRESIDENT & CEO 0 477745 0 90465 0 10694 0 221662 0 39191 0 839757 0 0 SCOTT BEAR VP, CFO & TREASURER 0 241219 0 56812 0 7200 0 15559 0 33927 0 354717 0 0 KELLE SCOTT CONTROLLER 0 138465 0 15305 0 0 0 8777 0 15433 0 177980 0 0 MARTIN SMITH DIRECTOR OF FINANCE 0 122581 0 14394 0 0 0 8827 0 31437 0 177239 0 0 PART I, LINE 3 THE COMPENSATED OFFICERS ARE EMPLOYEES OF IMMANUEL, A RELATED ENTITY. THE BOARD'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE TO REVIEW AND APPROVE THE TOTAL COMPENSATION FOR ERIC GURLEY, AND TO APPROVE THE BONUS PLAN AND PAYOUT OF BONUSES TO THE LEADERSHIP TEAM. THE COMPENSATION COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP SET SALARIES AND BENEFITS. A WRITTEN EMPLOYMENT CONTRACT IS USED FOR ERIC GURLEY. PART I, LINE 4B ERIC GURLEY, PRESIDENT & CEO, PARTICIPATED IN AN ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN AND DEFERRED COMPENSATION PLAN THAT MEET THE REQUIREMENTS OF SECTIONS 409A AND 457(F). BOTH PLANS ARE SPONSORED BY IMMANUEL. AS OF DECEMBER 31, 2022, ERIC GURLEY'S DEFERRED COMPENSATION ACCOUNT WAS CREDITED WITH $199,012. PREMIUMS OF $157,474 WERE PAID FOR THE ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN POLICY. UNDER THE PLAN, IMMANUEL ENDORSES TO ERIC GURLEY THE RIGHT TO DESIGNATE A BENEFICIARY FOR THE PORTION OF THE DEATH BENEFIT IN EXCESS OF THE GREATER OF THE CASH SURRENDER VALUE OR PREMIUMS PAID. THE VALUE OF THAT RIGHT, WHICH WAS INCLUDED IN ERIC GURLEY'S REPORTABLE COMPENSATION, WAS $3,494. AS OF JUNE 30, 2023, THE DEATH BENEFIT IN EXCESS OF PREMIUMS PAID WAS $2,859,477. PART I, LINE 6 THE ORGANIZATION DOES NOT PAY OR ACCRUE ANY COMPENSATION BASED ON THE REVENUES OR THE NET EARNINGS OF THE ORGANIZATION OR ANY RELATED ORGANIZATION. HOWEVER, A SMALL PERCENTAGE OF THE BONUSES PAID TO ERIC GURLEY, SCOTT BEAR, AND EMILY TONNIGES IS BASED ON OPERATING MARGIN CALCULATION OF IMMANUEL AND OTHER RELATED TAX-EXEMPT ORGANIZATIONS. FORM 990, PART V, LINE 2A: INDIVIDUALS PERFORMING SERVICES FOR IMMANUEL COMMUNITY FOUNDATION ARE EMPLOYEES OF IMMANUEL, A RELATED ENTITY. THEREFORE, IMMANUEL ISSUES THE FORM W-2 FOR THESE EMPLOYEES. BECAUSE IMMANUEL COMMUNITY FOUNDATION REIMBURSES IMMANUEL FOR THE SALARIES AND BENEFITS OF THESE EMPLOYEES, THE EXPENSES FOR THEIR SALARIES AND BENEFITS ARE REFLECTED ON THIS RETURN IN PART IX, STATEMENT OF FUNCTIONAL EXPENSES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY ESTABLISH AN EXECUTIVE COMMITTEE WHICH CONSISTS OF TWO OR MORE DIRECTORS AND MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS TO THE EXTENT PROVIDED IN THE RESOLUTION. THE EXECUTIVE COMMITTEE HAS THE POWER TO TRANSACT ALL REGULAR BUSINESS OF THE CORPORATION DURING THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, PROVIDED THAT ANY ACTION WHICH IT TAKES DOES NOT CONFLICT WITH THE POLICIES AND EXPRESS WISHES OF THE BOARD. THE EXECUTIVE COMMITTEE PRESENTS THE MINUTES OF ITS MEETINGS AND REPORTS AT THE NEXT SUCCEEDING MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 THE OFFICERS AND HIGHEST COMPENSATED EMPLOYEES ARE CONSIDERED SENIOR LEADERSHIP AND ARE COMPENSATED BY IMMANUEL, A RELATED ORGANIZATION. THE BOARD MEMBERS ARE ALSO BOARD MEMBERS OF IMMANUEL THEREFORE THE OFFICERS AND BOARD MEMBERS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 IMMANUEL COMMUNITY FOUNDATION HAS FOUR MEMBERS, IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, IMMANUEL LONG TERM CARE, AND IRC II, INC. FORM 990, PART VI, SECTION A, LINE 7A IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, IMMANUEL LONG TERM CARE, AND IRC II, INC. HAVE THE RIGHT TO APPOINT AND REMOVE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B IMMANUEL RETIREMENT COMMUNITIES, IMMANUEL HOME AND COMMUNITY RESOURCES, IMMANUEL LONG TERM CARE, AND IRC II INC., THE MEMBERS, HAVE RIGHTS TO APPROVE ANY AMENDMENT, OR TO INITIATE OR ADOPT AMENDMENTS TO THE ARTICLES OR BYLAWS OF IMMANUEL COMMUNITY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM WITH THE ASSISTANCE OF THE CONTROLLER, AND IS THEN REVIEWED BY THE CFO AND THE CONTROLLER. COPIES OF THE REVIEWED RETURN ARE PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IMMANUEL COMMUNITY FOUNDATION USES THE SAME POLICY AS IMMANUEL, A RELATED ORGANIZATION. THE POLICY STATES THAT THE BOARD OF DIRECTORS MUST SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE ALL CONFLICTS. THE GOVERNANCE COMMITTEE SHALL DECIDE WHAT ACTIONS NEED TO BE TAKEN CONCERNING ANY CONFLICTS. THE BOARD MEMBER IS PROHIBITED FROM VOTING ON ANY BUSINESS RELATED TO ANY CONFLICT THE GOVERNANCE COMMITTEE HAS IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS ARE COMPENSATED BY IMMANUEL, A RELATED ORGANIZATION. IMMANUEL ANALYZES MARKET-BASED COMPENSATION STUDIES, REVIEWS JOB DESCRIPTIONS AND INTERVIEWS OUTSIDE HUMAN RESOURCE CONSULTANTS. COMPENSATION FOR THE CEO IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF TOP MANAGEMENT PERSONNEL IS APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 IMMANUEL COMMUNITY FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII: ALL COMPENSATION AND BENEFITS SHOWN FOR DIRECTORS ARE PAID BY IMMANUEL, THE SPONSOR ORGANIZATION, FOR SERVICES PERFORMED FOR IMMANUEL, IMMANUEL COMMUNITY FOUNDATION, OR OTHER RELATED ENTITIES. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 532,416. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 532,416. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OF IMMANUEL COMMUNITY FOUNDATION ASSUMES THE RESPONSIBILTY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM PRIOR YEARS. IMMANUEL 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 470733774 CORPORATE SUPPORT NE 501(C)(3) LINE 12B, II N/A 0 IMMANUEL RETIREMENT COMMUNITIES 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 470799108 ELDERLY HOUSING NE 501(C)(3) LINE 10 IMMANUEL 0 PACE IOWA 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 273635343 ELDERLY SERVICES NE 501(C)(3) LINE 10 IMMANUEL HOME AND COMMUNITY RESOURCES 0 IMMANUEL HOME AND COMMUNITY RESOURCES 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 272628802 ELDERLY SERVICES NE 501(C)(3) LINE 10 IMMANUEL 0 PACE NEBRASKA 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 273635416 ELDERLY SERVICES NE 501(C)(3) LINE 10 IMMANUEL HOME AND COMMUNITY RESOURCES 0 IMMANUEL AFFORDABLE INC 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 470831041 ELDERLY & LOW INCOME HOUSING NE 501(C)(3) LINE 10 IMMANUEL 0 IMMANUEL AFFORDABLE II INC 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 800016829 ELDERLY & LOW INCOME HOUSING NE 501(C)(3) LINE 10 IMMANUEL 0 IMMANUEL TRINITY AFFORDABLE INC 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 113742894 ELDERLY & LOW INCOME HOUSING NE 501(C)(3) LINE 10 IMMANUEL 0 IMMANUEL LONG TERM CARE 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 462582783 LONG-TERM HEALTH CARE SERVICES NE 501(C)(3) LINE 10 IMMANUEL 0 IMMANUEL COMMUNITY VISION FOUNDATION 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 462693844 SUPPORT NONPROFITS WHOSE MISSIONS ALIGN WITH IMMANUEL NE 501(C)(3) LINE 12B, II IMMANUEL 0 IRC II INC 1044 N 115TH STREET SUITE 500 OMAHA NE 68154 812697102 ELDERLY HOUSING NE 501(C)(3) LINE 10 IMMANUEL 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 SCHEDULE R, PART V, LINE 1A-S: IMMANUEL, A RELATED ENTITY, PAYS INVOICES FOR OPERATING EXPENSES ON BEHALF OF THE CORPORATION AND THE CORPORATION REIMBURSES IMMANUEL FOR AMOUNTS INCURRED. MOST, IF NOT ALL, INTERCOMPANY TRANSACTIONS ARE A RESULT OF THIS CENTRALIZED ACCOUNTING SYSTEM.