2025-05-15T16:09:05-05:00 2024-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-07-01 941156485 CALIFORNIA COLLEGE OF THE ARTS CALI 4157039500 145 HOOPER ST SAN FRANCISCO CA 94107 SUZANNE A GREVA VP OF FIN, ACCT & BUS SERV 4157039500 2025-05-15 1 0 MAGA E KISRIEV P01008919 4089988400 2023 2025-03-06 01:10:19Z X DAVID HOWSE 145 HOOPER ST SAN FRANCISCO CA 94107 134813111 0 X WWW.CCA.EDU X 1907 CA TO EDUCATE STUDENTS OF DIVERSE BACKGROUNDS IN AREAS OF FINE ARTS, ARCHITECTURE, DESIGN, & WRITING. 34 34 1325 36 939 0 16698283 19129928 87411416 83424063 3333733 4795980 -264786 -287763 107178646 107062208 29108558 29853777 0 0 49977901 51097799 0 0 3164838 30524757 28523085 109611216 109474661 -2432570 -2412453 277275090 328001796 126432189 176553233 150842901 151448563 X CALIFORNIA COLLEGE OF THE ARTS EDUCATES STUDENTS TO SHAPE CULTURE AND SOCIETY THROUGH THE PRACTICE AND CRITICAL STUDY OF ART, ARCHITECTURE, DESIGN, AND WRITING. BENEFITTING FROM ITS SAN FRANCISCO BAY AREA LOCATION, THE COLLEGE PREPARES STUDENTS FOR LIFELONG CREATIVE WORK BY CULTIVATING INNOVATION, COMMUNITY ENGAGEMENT, AND SOCIAL AND ENVIRONMENTAL RESPONSIBILITY. 0 0 88784840 29853777 83424063 POST-SECONDARY EDUCATIONCALIFORNIA COLLEGE OF THE ARTS (CCA) IS A PRIVATE, NONPROFIT EDUCATIONAL INSTITUTION FOUNDED IN 1907 TO EDUCATE STUDENTS OF DIVERSE BACKGROUNDS IN FINE ARTS, DESIGN, ARCHITECTURE, AND WRITING. THE COLLEGE'S MAIN CAMPUS IS IN SAN FRANCISCO. THE COLLEGE CURRENTLY ENROLLS APPROXIMATELY 991 STUDENTS IN 23 UNDERGRADUATE PROGRAMS AND 304 STUDENTS IN 11 GRADUATE PROGRAMS. CCA IS ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC/WASC), THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN (NASAD), AND THE NATIONAL ARCHITECTURAL ACCREDITING BOARD (NAAB). 88784840 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 180 0 1 1325 1 0 0 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X SUZANNE GREVA 4157039592 145 HOOPER ST SAN FRANCISCO CA 94107 NOEL PERRY SECRETARY 1.00 X X 0 0 0 JACK WADSWORTH TREASURER 1.00 X X 0 0 0 LORNA F MEYER CHAIR 1.00 X X 0 0 0 AARON GENSLER TRUSTEE 1.00 X 0 0 0 ABBY SADIN SCHAIR TRUSTEE 1.00 X 0 0 0 ALYSSA WARNOCK TRUSTEE (THRU 3/1/24) 1.00 X 0 0 0 ANN MORHAUSER TRUSTEE 1.00 X 0 0 0 BYRON D KUTH TRUSTEE 1.00 X 0 0 0 DIANE CHRISTENSEN TRUSTEE 1.00 X 0 0 0 CALVIN B WHEELER MD TRUSTEE 1.00 X 0 0 0 CARINA WONG TRUSTEE 1.00 X 0 0 0 CARL BASS TRUSTEE 1.00 X 0 0 0 CARLIE WILMANS TRUSTEE 1.00 X 0 0 0 CATHERINE COURAGE TRUSTEE 1.00 X 0 0 0 DAVID KIRSHMAN TRUSTEE 1.00 X 0 0 0 GEORGE JEWETT TRUSTEE 1.00 X 0 0 0 JESSICA FARRON TRUSTEE 1.00 X 0 0 0 JOYCE LINKER TRUSTEE 1.00 X 0 0 0 JUDY TIMKEN TRUSTEE 1.00 X 0 0 0 JULIE LYTHCOTT-HAIMS TRUSTEE 1.00 X 0 0 0 KENNETH NOVACK TRUSTEE 1.00 X 0 0 0 KIMBERLEE SWIG TRUSTEE 1.00 X 0 0 0 LIAM CASEY TRUSTEE 1.00 X 0 0 0 LUCILLE TENAZAS TRUSTEE 1.00 X 0 0 0 MARIA GIUDICE TRUSTEE 1.00 X 0 0 0 MARIA HEMPHILL TRUSTEE 1.00 X 0 0 0 MARV TSEU TRUSTEE 1.00 X 0 0 0 MARY L ZLOT TRUSTEE 1.00 X 0 0 0 MICHAEL MUSCARDINI TRUSTEE 1.00 X 0 0 0 NANCY S FORSTER TRUSTEE 1.00 X 0 0 0 GENE SAVIN TRUSTEE 1.00 X 0 0 0 RITU KALRA TRUSTEE (THRU 6/21/24) 1.00 X 0 0 0 SIMON J BLATTNER TRUSTEE 1.00 X 0 0 0 STANLEE GATTI TRUSTEE 1.00 X 0 0 0 SUSAN CUMMINS TRUSTEE 1.00 X 0 0 0 SUZANNE RANDOLPH TRUSTEE 1.00 X 0 0 0 STEPHEN BEAL PRESIDENT (THRU 12/31/23) 37.50 X 503711 0 35776 DAVID HOWSE PRESIDENT 37.50 X 47946 0 29 SUSAN AVILA SENIOR VP, ADVANCEMENT 37.50 X 220759 0 19905 SUZANNE GREVA TREASURER, VP OF FIN, ACCT & BUS SVCS 37.50 X 237243 0 18513 REMY HATHAWAY ACTING CFO (START 4/1/24) 37.50 X 0 0 0 TAMMY RAE CARLAND PROVOST 37.50 X 300120 0 52799 MARA HANCOCK COO/CIO/SENIOR VP, OPS 37.50 X 269435 0 56437 SCOTT CLINE VP ENROLLMENT MANAGEMENT 37.50 X 255682 0 27058 MAIRA LAZDINS VP, HUMAN RESOURCES 37.50 X 171088 0 27082 TRICIA BRAND VICE PRESIDENT, DEIB 37.50 X 216501 0 58439 LEIGH SATA VP, CHIEF INFO. OFFICER 37.50 X 199968 0 37322 GEORGE SEDANO VP, STUDENT AFFAIRS 37.50 X 182090 0 14458 HELEN MARIE NUGENT DEAN OF DESIGN 37.50 X 191098 0 19932 2795641 0 367750 30 0 1 0 VARTAIN LAW GROUP 601 MONTGOMERY ST STE 780 SAN FRANCISCO CA 94111 LEGAL SERVICES 253542 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94118 AUDIT/TAX SERVICES 219900 RUFFALOCODY HOLDING LLC PO BOX 718 DES MOINES IA 50303 CONSULTING & PROFESSIONAL SERVICES 143426 MELICHAR CONSULTING 233 POTEAT PLACE FRANKLIN TN 37064 CONSULTING & PROFESSIONAL SERVICES 121000 4 793456 396947 17939525 106387 19129928 TUITION AND FEES 611610 77172149 77172149 CAFE & FOOD SERVICES 722514 3216715 3216715 RESIDENTIAL FACILITIES 531110 1923000 1923000 OTHER AUXILIARY INCOME 611610 645353 645353 OTHER STUDENT REVENUE 611610 466846 466846 83424063 1606925 939 1605986 25130567 5521628 24399740 3063400 730827 2458228 3189055 3189055 0 793456 287763 -287763 -287763 107062208 83424063 939 4507278 29763849 29763849 89928 89928 1948077 300290 1246557 401230 37595029 31593610 4351918 1649501 671596 588805 57168 25623 8099434 5542295 2103535 453604 2783663 2406560 272661 104442 1730573 5253 1724627 693 354400 354400 149670 149670 5803201 4757303 998653 47245 752336 470839 72940 208557 1160120 921310 218552 20258 2475174 716381 1667086 91707 9019425 3105429 5912081 1915 1371935 1174839 73988 123108 1739224 1739224 665955 991 664964 WORK STUDY 1297244 1260612 33348 3284 DEVEL & EMP. RELATION 208050 91493 115932 625 ALLOC. OF INDIR. COSTS 0 5893045 -5921456 28411 1795778 102008 1689135 4635 109474661 88784840 17524983 3164838 19515298 16371292 430130 13648706 13649427 4702950 2668576 2499117 65372 1775 58641 65333 1337973 1495119 211097085 45565183 106173745 165531902 54488469 46584615 879474 854229 78007985 76246758 277275090 328001796 14926853 27812949 2381142 3955744 30110458 67980468 817928 20492 1440886 1215184 76754922 75568396 126432189 176553233 X 54385959 51364231 96456942 100084332 150842901 151448563 277275090 328001796 -2412453 3018115 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 39753990 681000 4607000 2410990 42631000 43266000 840117 3770873 8123000 39753990 48581000 2693000 -6302000 1706000 43266000 37330000 2428000 10496000 1673000 48581000 36150000 1295000 1438000 1553000 37330000 0.00115 0.68598 0.31287 0 0 16669693 16669693 60674354 24211750 36462604 5374387 1268750 4105637 21291315 20084683 1206632 107087336 107087336 165531902 UNAMORTIZED CEFA BOND ISSUE COSTS 269069 CONTRIBUTION RECEIVABLE - IRREVOCABLE TRUST 1970653 OTHER ASSETS 1335464 457B TRUST 1591721 LANDLORD SECURITY DEPOSITS 341196 ROU LEASE ASSETS 70702655 RESERVE ACCOUNT 36000 76246758 OTHER LONG-TERM LIABILITIES 1433735 DEPOSITS 178640 ROU LEASE LIABILITY 73331021 ACCRUED RENT 625000 75568396 X 76604099 3018115 -33686934 -30668819 107272918 77053 -287763 -210710 107062208 75998437 287763 287763 75710674 77053 33686934 33763987 109474661 PART III, LINE 1A: THE COLLEGE OWNS A COLLECTION OF ARTWORK, ANTIQUE TEXTILES, AND PRINTS ALL OF WHICH WERE CONTRIBUTED TO THE COLLEGE. THE ART COLLECTION, WHICH IS MADE UP OF SEVERAL WORKS OF ARTISTIC SIGNIFICANCE, IS ON DISPLAY IN CERTAIN COLLEGE BUILDINGS AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. THE OTHER COLLECTIONS, WHICH ARE OF UNKNOWN VALUE, BUT ARE NOT ESTIMATED TO BE SIGNIFICANT, ARE IN SAFEKEEPING. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. NO SIGNIFICANT DEACCESSIONS OCCURRED DURING THE CURRENT YEAR. PART V, LINE 4: THE VAST MAJORITY OF CCA'S ENDOWMENT IS USED TO SUPPORT ITS ROBUST FINANCIAL AID PROGRAM. A VERY SMALL PORTION OF THE ENDOWMENT IS USED FOR DEBT SERVICE. PART X, LINE 2: THE PRINCIPAL ACTIVITIES OF THE COLLEGE ARE EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF THE U.S. INTERNAL REVENUE CODE SECTION 501(C)(3) AND SIMILAR SECTIONS OF THE CALIFORNIA REVENUE AND TAXATION CODE. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CAMPUS CONSTRUCTION COSTS RECLASSIFIED TO EXPENSES -3,833,157. COLLEGE FUNDED SCHOLARSHIPS RECLASSIFIED TO EXPENSES -29,853,777. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES RECLASSIFIED TO REVENUE -287,763. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES RECLASSIFIED TO REVENUE 287,763. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAMPUS CONSTRUCTION COSTS RECLASSIFIED TO EXPENSES 3,833,157. COLLEGE FUNDED SCHOLARSHIPS RECLASSIFIED TO EXPENSES 29,853,777. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CALIFORNIA COLLEGE OF THE ARTS' NON-DISCRIMINATION POLICY IS PUBLISHED IN BOTH THE CATALOG & STUDENT HANDBOOK. CATALOGS ARE TYPICALLY MAILED TO INDIVIDUALS UPON REQUEST. STUDENTS RECEIVE ELECTRONIC NOTIFICATION AT THE START OF EACH ACADEMIC YEAR REMINDING THEM OF THEIR RESPONSIBILITY TO ADHERE TO ALL COLLEGE POLICIES AS OUTLINED IN THE STUDENT HANDBOOK, WHICH THEY CAN ACCESS THROUGH THE COLLEGE'S WEBSITE, HTTPS://PORTAL.CCA.EDU/THRIVING/STUDENT-HANDBOOK/DISCRIMINATION-POLICY/?Q=D ISCRIM. SCHEDULE E, PART I, LINE 6 THE CALIFORNIA COLLEGE OF THE ARTS MANAGES AN EXTENSIVE FINANCIAL ASSISTANCE PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION IS ABLE TO MATRICULATE AND CONTINUE TO GRADUATION. THE COLLEGE RECEIVES FUNDS FROM SEVERAL FEDERAL AND STATE GOVERNMENT PROGRAMS. THE FUNDS ARE USED FOR STUDENT FINANCIAL AID OR STUDENT LOANS. THE COLLEGE ACTS AS AN INTERMEDIARY BETWEEN THE STUDENTS RECEIVING THE ASSISTANCE AND THE GOVERNMENT AGENCY PROVIDING THE ASSISTANCE. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPALS, ONLY A PORTION OF THESE FUNDS ARE REPORTED ON THE FORM 990. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY-ABROAD PROGRAMS FOR ART STUDENTS 148050 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 519381 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 59587 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 30341 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY-ABROAD PROGRAMS FOR ART STUDENTS 127603 0 0 0 0 0 0 884962 0 884962 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 16 59587 CREDITED AGAINST TUITION CHARGES BILLED TO STUDENTS SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 9 30341 CREDITED AGAINST TUITION CHARGES BILLED TO STUDENTS 1 0 1 1 0 0 PART I, LINE 2: CCA OFFERS STUDY ABROAD PROGRAMS TO ITS ART STUDENTS. FINANCIAL AID IS PROVIDED IN THE FORM OF GRANTS TO QUALIFIED STUDENTS REQUIRING FINANCIAL AID. THE GRANT FUNDS ARE MONITORED THROUGH THE AWARDS PROCESS; ONLY CURRENTLY ENROLLED AND ACTIVE STUDENTS RECEIVE GRANTS FOR STUDY ABROAD. FUNDRAISING GALA 793456 793456 67963 219800 793456 793456 67963 219800 287763 -287763 1 SCHOLARSHIPS 1208 29763849 PART I, LINE 2: CCA MERIT SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT COMPLETE ADMISSION APPLICATION REQUIREMENTS BY THE PUBLISHED DEADLINE AND ARE BASED ON ACADEMIC ACHIEVEMENT AND PORTFOLIO REVIEW. NEED-BASED SCHOLARSHIPS ARE AWARDED TO STUDENTS WITH DEMONSTRATED FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. RECIPIENTS OF NEED-BASED SCHOLARSHIPS AND SEOG FUNDS MUST COMPLETE A FAFSA APPLICATION, BE US CITIZENS OR ELIGIBLE NON-CITIZENS, AND BE ENROLLED FULL-TIME. X 1 1 X X X 0 0 0 0 0 0 0 0 0 STEPHEN BEAL PRESIDENT (THRU 12/31/23) 488159 0 0 0 15552 0 22500 0 13276 0 539487 0 0 0 TAMMY RAE CARLAND PROVOST 300120 0 0 0 0 0 52500 0 299 0 352919 0 0 0 MARA HANCOCK COO/CIO/SENIOR VP, OPS 269435 0 0 0 0 0 47500 0 8937 0 325872 0 0 0 SCOTT CLINE VP ENROLLMENT MANAGEMENT 255682 0 0 0 0 0 22500 0 4558 0 282740 0 0 0 TRICIA BRAND VICE PRESIDENT, DEIB 216501 0 0 0 0 0 52500 0 5939 0 274940 0 0 0 SUZANNE GREVA TREASURER, VP OF FIN, ACCT & BUS SVC 237243 0 0 0 0 0 14648 0 3865 0 255756 0 0 0 SUSAN AVILA SENIOR VP, ADVANCEMENT 220759 0 0 0 0 0 19260 0 645 0 240664 0 0 0 LEIGH SATA VP, CHIEF INFO. OFFICER 199968 0 0 0 0 0 30000 0 7322 0 237290 0 0 0 HELEN MARIE NUGENT DEAN OF DESIGN 191098 0 0 0 0 0 19164 0 768 0 211030 0 0 0 MAIRA LAZDINS VP, HUMAN RESOURCES 171088 0 0 0 0 0 21210 0 5872 0 198170 0 0 0 GEORGE SEDANO VP, STUDENT AFFAIRS 182090 0 0 0 0 0 5000 0 9458 0 196548 0 0 0 PART I, LINE 1A CCA REIMBURSED THE PRESIDENT, STEPHEN BEAL, FOR FINANCIAL AND TAX PLANNING SERVICES. THESE BENEFITS WERE REPORTED ON HIS FORM W-2. A CSCDA 2020 680164610 2020-09-03 31346437 VARIOUS CAMPUS CONSTRUCTION PROJECTS 0 0 0 B CSCDA 2022 680164610 2022-08-01 39800000 VARIOUS CAMPUS CONSTRUCTION PROJECTS 0 0 0 A 31346437 29803756 203242 1339439 2020 0 0 1 1 B 39800000 229789 29570211 2022 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 X 8 106387 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF DONATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE'S ACCOUNTING FIRM FORWARDS THE FORM 990 TO THE VICE PRESIDENT OF FINANCE, ACCOUNTING AND BUSINESS SERVICES & TREASURER FOR REVIEW. ONCE REVIEWED BY THE VICE PRESIDENT OF FINANCE, ACCOUNTING AND BUSINESS SERVICES & TREASURER, THE 990 FORM IS SENT TO THE BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A QUESTIONNAIRE ANNUALLY AND TO DISCLOSE AND SEEK APPROVAL FROM THE BOARD FOR ANY TRANSACTION WHICH COULD CREATE A CONFLICT OF INTEREST. EMPLOYEES ARE NOT REQUIRED TO DISCLOSE POTENTIAL CONFLICTS; HOWEVER, THE COLLEGE'S FACULTY & STAFF HANDBOOKS CONTAIN LANGUAGE THAT PROHIBITS SITUATIONS WHICH COULD RESULT IN A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BASED ON PERFORMANCE REVIEWS CONDUCTED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE CHAIR OF THE COMMITTEE PERIODICALLY CONDUCTS A SURVEY TO ENSURE THAT THE PRESIDENT'S COMPENSATION IS COMPARABLE TO THAT PAID BY PEER INSTITUTIONS. COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15B: THE CFO'S COMPENSATION IS DETERMINED FOLLOWING THE SAME PROCESS FOR THE PRESIDENT. IN REVIEWING THE CFO'S COMPENSATION, THE PROVOST'S COMPENSATION IS ALSO DISCUSSED. AS THE PROVOST'S IMMEDIATE SUPERVISOR, THE PRESIDENT IS RESPONSIBLE FOR CONDUCTING HER ANNUAL PERFORMANCE REVIEW, WHICH IN TURN IS USED TO SET HER COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC, EITHER IN ELECTRONIC OR PAPER FORM, UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).