2025-11-12T16:28:24-06:00 2024-12-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2024-01-01 941160950 SRI INTERNATIONAL SRII 6508592000 333 RAVENSWOOD AVENUE MENLO PARK CA 94025 SURESH SUNDERRAJAN CFO 6508592000 2025-11-04 1 0 JOCELYNE C MILLER P00634378 6192326500 2024 2025-03-06 01:10:19Z DAVID PAREKH 333 RAVENSWOOD AVENUE MENLO PARK CA 94025 449354166 0 X WWW.SRI.COM X 1946 CA WORLD-CHANGING SOLUTIONS MAKING PEOPLE SAFER, HEALTHIER, & MORE PRODUCTIVE THROUGH SCIENTIFIC R&D 10 9 1504 0 58295077 0 66679815 65983707 329266772 332324793 2057813 6801645 11691468 32816006 409695868 437926151 0 0 0 0 250260883 245116781 0 0 0 177066548 188052470 427327431 433169251 -17631563 4756900 422578498 409624782 246515588 231589878 176062910 178034904 X SRI INTERNATIONAL CREATES WORLD-CHANGING SOLUTIONS MAKING PEOPLE SAFER, HEALTHIER, AND MORE PRODUCTIVE THROUGH SCIENTIFIC RESEARCH & DEVELOPMENT. 0 0 69672694 92711717 INFORMATION AND COMPUTING SCIENCES (ICS) PERFORMS SCIENTIFIC RESEARCH TO CREATE SOLUTIONS TO PRESSING PROBLEMS RELATED TO NATIONAL SECURITY AND HUMAN HEALTH BY LEVERAGING ARTIFICIAL INTELLIGENCE, SPEECH AND NATURAL LANGUAGE, PERCEPTION AND VISUAL SCIENCES, COMPUTATIONAL BIOLOGY, ROBOTICS, AND CYBER SECURITY. PUSHING THE BOUNDARIES OF COMPUTING, ICS EMPLOYS NEW TECHNOLOGIES TO SOLVE CLIENT PROBLEMS THROUGH CONTRACT RESEARCH, TECHNOLOGY LICENSING, AND VENTURE CREATION. OUR STAFF MEMBERS COLLABORATE WITHIN SRI, AND ALSO WITH VARIOUS UNIVERSITY AND INDUSTRY PARTNERS. 64434939 87498346 THE INTEGRATED SYSTEMS AND SOLUTIONS DIVISION (INSYS) DEVELOPS AND TRANSITIONS TECHNOLOGY AND INTELLECTUAL PROPERTY FROM LAB DEMONSTRATIONS TO FIELDED, SUPPORTED SYSTEMS BY LEVERAGING A DISCIPLINED SYSTEM ENGINEERING APPROACH INTEGRATED WITH CERTIFIED STRUCTURED DEVELOPMENT AND QUALITY PROCESSES. OUR TEAMS DESIGN LEADING-EDGE IMAGING TECHNOLOGIES, NOVEL MATERIALS AND BREAKTHROUGH DEVICES FOR CLIMATE, ENERGY AND ENVIORNMENTAL LONGEVITY, AND SYSTEMS THAT END-USERS DEPEND ON EVERY DAY. 60886745 76610545 THE ADVANCED TECHNOLOGY AND SYSTEMS DIVISION (ATSD) MANAGES COMPLEX PROJECTS FOR GOVERNMENT AND NON-GOVERNMENT CLIENTS FROM BASIC RESEARCH TO ADVANCED SYSTEMS AND PRODUCT DEVELOPMENT. THE DIVISION ADVANCES SCIENTIFIC RESEARCH IN DIVERSE AREAS SUCH AS CHEMISTRY, PHYSICS, AND MATERIALS SCIENCE; GEOSPATIAL STUDIES, SPACE AND MARINE TECHNOLOGY; SURVEILLANCE AND REMOTE SENSING; APPLIED OPTICS AND SECURE CIRCUITS; AND ROBOTICS, MEDICAL DEVICES, AND NANOTECHNOLOGY. ATSD IS ORGANIZED AROUND FOUR CENTERS: APPLIED SCIENCES INCLUDING OPTOELECTRONIC SYSTEMS AND QUANTUM SENSING, SPACE AND SURVIVABILITY INCLUDING ADVANCED RADAR SYSTEMS AND ENERGETIC MATERIALS, SURVEILLANCE INCLUDING RF AND OCEAN SYSTEMS, AND APPLIED TECHNOLOGY INCLUDING ROBOTICS AND RADAR ENGINEERING. 125954095 80191530 SRI ENGAGES IN A BROAD RANGE OF OTHER SCIENTIFIC RESEARCH INITIATIVES IN FURTHERANCE OF ITS EXEMPT MISSION, INCLUDING EDUCATION, BIOSCIENCES, CORPORATE RESEARCH GROUP, AND FUTURE CONCEPTS. THE EDUCATION DIVISION UNDERTAKES A RESEARCH-BASED ANALYSIS OF EDUCATIONAL OUTCOMES AND REFORMS AND THE IMPACTS OF TECHNOLOGY ON LEARNING. RESEARCHERS ADDRESS PROBLEMS POSED BY COMPLEX ISSUES IN EDUCATION POLICY, TECHNOLOGY IN LEARNING, AND LEARNING AND DEVELOPMENT. PROGRAMS HELP IDENTIFY TRENDS, UNDERSTAND OUTCOMES, AND DEVELOP POLICY AND PRACTICE SOLUTIONS TO THE CHALLENGES POSED BY RAPID SOCIAL, TECHNOLOGICAL AND ECONOMIC CHANGE. THE BIOSCIENCES DIVISION WORKS WITH ACADEMIC, FOUNDATIONS, GOVERNMENT, AND OTHER CLIENTS AND PARTNERS TO BRING NEW MEDICINES, DIAGNOSTICS, THERAPEUTICS AND DEVICES TO MARKET THROUGH BASIC RESEARCH, PHARMACEUTICAL DISCOVERY, PRECLINICAL DEVELOPMENT AND CLINICAL TRANSLATION. RESEARCHERS SOLVE IMPORTANT PROBLEMS IN DISEASE PREVENTION, DIAGNOSIS AND TREATMENT, TARGETING IMPORTANT UNMET NEEDS IN HEALTHCARE AND SAVING AND IMPROVING LIVES WORLDWIDE. THE CORPORATE RESEARCH GROUP (CRG) COMPRISING THE CENTER FOR INNOVATION STRATEGY AND POLICY (CISP) ) AND THE NOMURA SRI INNOVATION CENTER (NSIC) LEADS INNOVATION SERVICES EFFORTS AT SRI. CISP WORKS WITH US FEDERAL, STATE, REGIONAL AND LOCAL GOVERNMENT ENTITIES TO ASSESS, BUILD AND ACTIVATE TECHNOLOGY-BASED INNOVATION POLICY AND WORKFORCE DEVELOPMENT EFFORTS. CISP ALSO ADVISES INTERNATIONAL CLIENTS ON INNOVATION STRATEGY OBJECTIVES. NSIC WORKS WITH JAPANESE CORPORATE CLIENTS TO ASSESS AND GROW CORPORATE 'INTREPRENEURSHIP' EFFORTS SUPPORTING CORPORATE INNOVATION OBJECTIVES. THE FUTURE CONCEPTS DIVISION FOCUSES ON SOLUTIONS FROM BASIC RESEARCH THROUGH REAL-WORLD APPLICATIONS BY CREATING AND MATURING BREAKTHROUGH TECHNOLOGIES RELATED TO CLIMATE, ENERGY AND SUSTAINABILITY AS WELL AS INTELLIGENT HUMAN-MACHINE SYSTEMS. 125954095 80191530 320948473 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 501 0 1 1504 1 1 1 1 JA 0 0 0 0 0 0 0 0 1 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR NY X SURESH SUNDERRAJAN 6508592000 333 RAVENSWOOD AVENUE MENLO PARK CA 94025 DAVID PAREKH CEO 40.00 0.00 X X 1315357 0 125463 JOHN MCINTIRE CHIEF LEGAL OFFICER 40.00 0.00 X 878652 0 134151 DAVID STRINGER-CALVERT DEPUTY GENERAL COUNSEL 40.00 0.00 X 824686 0 97155 PHILLIP PORRAS DIRECTOR, COMPUTER SCIENCE 40.00 0.00 X 757094 0 82728 SURESH SUNDERRAJAN CHIEF FINANCIAL OFFICER FROM 1/19/24 40.00 0.00 X 698934 0 134926 WILLIAM MARK PRESIDENT, ICS DIVISION THRU 4/11/24 40.00 0.00 X 688876 0 97277 PATRICK LINCOLN PRESIDENT, 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PROGRAM SERVICES PROJECT SUPPORT 1 81 0 0 1 81 9141000 0 9141000 0 0 1 0 0 0 SCHEDULE F, PART IV, LINE 3 FORM 5471 FILED ON BEHALF OF STATEMENT STATEMENT PURSUANT TO TREASURY REGULATION SECTION 1.6038-2(J)(3) AND TREASURY REGULATION SECTION 1.6046-1(E)(5) THE FOLLOWING INFORMATION IS SUBMITTED WITH RESPECT TO SRI INTERNATIONAL FORM 5471 (INFORMATION RETURN OF U.S. PERSONS WITH RESPECT TO CERTAIN FOREIGN CORPORATIONS) FILING REQUIREMENT FOR: NAME OF FOREIGN CORPORATION: RAVENSWOOD TECHNOLOGIES UK LIMITED ADDRESS OF FOREIGN CORPORATION: THIRD FLOOR, 24 CHISWELL STREET, LONDON, UK ECIY 4YX THE FORM 5471 FILING REQUIREMENT FOR THIS FOREIGN CORPORATION HAS BEEN SATISFIED BY INCLUSION IN THE FOLLOWING U.S. FILER'S TAX RETURN: NAME OF U.S. FILER: RAVENSWOOD SOLUTIONS ADDRESS OF U.S. FILER: 3065 SKYWAY COURT, FREMONT, CA 94539 EIN: 47-2893226 TAX YEAR: DECEMBER 31, 2024 TYPE OF RETURN FILED: FORM 1120 IRS SERVICE CENTER: E-FILED SCHEDULE F, PART IV, LINE 3 FORM 5471 FILED ON BEHALF OF STATEMENT STATEMENT PURSUANT TO TREASURY REGULATION SECTION 1.6038-2(J)(3) AND TREASURY REGULATION SECTION 1.6046-1(E)(5) THE FOLLOWING INFORMATION IS SUBMITTED WITH RESPECT TO SRI INTERNATIONAL FORM 5471 (INFORMATION RETURN OF U.S. PERSONS WITH RESPECT TO CERTAIN FOREIGN CORPORATIONS) FILING REQUIREMENT FOR: NAME OF FOREIGN CORPORATION: RAVENSWOOD TECHNOLOGIES KENYA LIMITED ADDRESS OF FOREIGN CORPORATION: MIRAGE TOWERS, CHIROMO ROAD, P. 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BOX 1791 - 00606 - SARIT CENTRE, NAIROBI, KENYA THE FORM 5471 FILING REQUIREMENT FOR THIS FOREIGN CORPORATION HAS BEEN SATISIFIED BY INCLUSION IN THE FOLLOWING U.S. FILER'S TAX RETURN: NAME OF U.S. FILER: RAVENSWOOD SOLUTIONS ADDRESS OF U.S. FILER: 3065 SKYWAY COURT, FREMONT, CA 94539 EIN: 47-2893226 TAX YEAR: DECEMBER 31, 2024 TYPE OF RETURN FILED: FORM 1120 IRS SERVICE CENTER: E-FILED X X 1 1 X X X X X 0 0 1 0 0 0 1 1 0 DAVID PAREKH CEO 760010 0 532820 0 22527 0 6900 0 118563 0 1440820 0 0 0 JOHN MCINTIRE CHIEF LEGAL OFFICER 424654 0 75759 0 378239 0 6900 0 127251 0 1012803 0 0 0 DAVID STRINGER-CALVERT DEPUTY GENERAL COUNSEL 289480 0 40000 0 495206 0 5874 0 91281 0 921841 0 0 0 PHILLIP PORRAS DIRECTOR, COMPUTER SCIENCE 326415 0 20000 0 410679 0 6616 0 76112 0 839822 0 0 0 SURESH SUNDERRAJAN CHIEF FINANCIAL OFFICER FROM 1/19/24 489984 0 171396 0 37554 0 6900 0 128026 0 833860 0 0 0 WILLIAM MARK PRESIDENT, ICS DIVISION THRU 4/11/24 265252 0 61699 0 361925 0 5662 0 91615 0 786153 0 0 0 PATRICK LINCOLN PRESIDENT, ICS DIVISION FROM 4/11/24 414677 0 38765 0 177159 0 6900 0 99848 0 737349 0 0 0 MICHAEL PAGE CHIEF INFORMATION OFFICER 380660 0 80007 0 108203 0 6900 0 135565 0 711335 0 0 0 JOHN CROWE PRESIDENT, ATSD DIVISION 388456 0 88021 0 50004 0 6900 0 111733 0 645114 0 0 0 STEVE PERNA PRESIDENT, INSYS DIVISION 399764 0 62700 0 38564 0 6900 0 97431 0 605359 0 0 0 SHARI GOLAN PRESIDENT, EDUCATION DIVISION 363837 0 73692 0 27178 0 6900 0 110237 0 581844 0 0 0 JOANN LIME CHIEF HUMAN RESOURCES OFFICER 324655 0 58189 0 21221 0 6856 0 129806 0 540727 0 0 0 ADOLF PFEFFERBAUM SENIOR DIRECTOR 418536 0 37500 0 4472 0 6900 0 62325 0 529733 0 0 0 JOHN MARCOTULLIO VP II, BUSINESS DEVELOPMENT 342391 0 48000 0 13058 0 6900 0 99325 0 509674 0 0 0 KAREN MYERS VP, COMPUTER SCIENCE 343789 0 40063 0 2896 0 6900 0 113131 0 506779 0 0 0 KATHLYNN BROWN PRESIDENT, BIOSCIENCE DIVISION 352749 0 45187 0 5797 0 6900 0 88364 0 498997 0 0 0 STEPHANIE DEFINO CHIEF FINANCIAL OFFICER THRU 1/19/24 39832 0 0 0 64630 0 6247 0 66077 0 176786 0 0 0 JON MIRSALIS VP, BIOSCIENCE 213625 0 42500 0 871 0 20596 0 59770 0 337362 0 0 0 PART I, LINE 1A SRI'S TRAVEL POLICY IS STRUCTURED FOR COMPLIANCE WITH FAR 31 205-46. UNDER SUB-SECTION (D) OF THIS PROVISION, AIRLINE COSTS IN EXCESS OF THE LOWEST CUSTOMARY STANDARD ARE ALLOWABLE IN SITUATIONS TO ACCOMMODATE THE PHYSICAL OR MEDICAL NEEDS OF THE TRAVELER. THE DECISION TO PERMIT SUCH TRAVEL, SOLELY FOR MEDICAL REASONS ON AN INDIVIDUAL BASIS, WAS ISSUED FROM THE CONTROLLER'S OFFICE WITHIN THE AUSPICES OF THE CHIEF FINANCIAL OFFICER (CFO). A TEMPORARY HOUSING SUBSIDY IS OCCASIONALLY INCLUDED AS PART OF THE RELOCATION PACKAGE OFFERED TO QUALIFIED EMPLOYEES. PART I, LINE 4C LIKE MOST UNIVERSITIES AND OTHER RESEARCH INSTITUTIONS, AND CONSISTENT WITH THE REQUIREMENTS OF THE BAYH-DOLE ACT [35 U S C 200 ET SEQ], SRI SHARES WITH SRI INVENTORS AND OTHER CONTRIBUTORS ROYALTIES IN THE FORM OF CASH OR EQUITY RECEIVED FROM SPIN-OFF AND OTHER COMPANIES TO WHOM SRI INTELLECTUAL PROPERTY IS LICENSED OR TRANSFERRED. THE TERMS AND CONDITIONS UNDER WHICH SRI SHARES SUCH EQUITY ARE LAID OUT IN DETAIL IN SRI'S INTELLECTUAL PROPERTY ROYALTY AND EQUITY SHARING PROGRAM THAT WAS APPROVED BY THE IRS IN A PRIVATE LETTER RULING ISSUED IN 1999. OF THE OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A, ONE RECEIVED EQUITY-BASED PAYMENTS. PART I, LINE 6 LIKE MOST UNIVERSITIES AND OTHER RESEARCH INSTITUTIONS, AND CONSISTENT WITH THE REQUIREMENTS OF THE BAYH-DOLE ACT [35 U S C 200 ET SEQ], SRI SHARES WITH SRI INVENTORS AND OTHER CONTRIBUTORS ROYALTIES IN THE FORM OF CASH OR EQUITY RECEIVED FROM SPIN-OFF AND OTHER COMPANIES TO WHOM SRI INTELLECTUAL PROPERTY IS LICENSED OR TRANSFERRED. THE TERMS AND CONDITIONS UNDER WHICH SRI SHARES SUCH EQUITY ARE LAID OUT IN DETAIL IN SRI'S INTELLECTUAL PROPERTY ROYALTY AND EQUITY SHARING PROGRAM THAT WAS APPROVED BY THE IRS IN A PRIVATE LETTER RULING ISSUED IN 1999. OF THE OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A, EIGHTEEN RECEIVED ROYALTY PAYMENTS TOTALING $2,022,482 , WITH INDIVIDUAL AMOUNTS RANGING FROM $429 TO $487,538. PART I, LINE 7 THE AMOUNTS SHOWN IN COLUMN (II) OF SECTION B OF PART (II) INCLUDE PERFORMANCE BASED COMPENSATION (PBC). PBC IS A FINANCIAL INCENTIVE POOL OF FUNDS THAT IS PRE-APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. PBC PAYOUT IS BASED ON THE FOLLOWING FACTORS THAT ARE DESIGNED TO ALIGN INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE WITH THE NON-PROFIT MISSION OF SRI: GROWTH IN ORDER BOOKINGS, GROWTH IN CONTRACT LABOR REVENUE, MEETING THRESHOLD INCOME FROM RESEARCH CONTRACTS, GENERATING ROYALTY INCOME, GENERATING NEW EQUITY ASSETS RESULTING FROM SPIN-OFF COMPANIES, GENERATING NEW PATENTS, PUBLISHING RESEARCH RESULTS, AND OTHER SUCH METRICS AS DEEMED RELEVANT BY MANAGEMENT FOR THE FISCAL YEAR. A CA INFRASTRUCTURE AND DEVELOPMENT 630304653 000000000 2024-05-30 7013366 REFUND BONDS ISSUED 0 0 0 B CA INFRASTRUCTURE AND DEVELOPMENT 630304653 13034ABY5 2012-06-28 20415646 REFUND BONDS ISSUED 0 0 0 A 470288 7013366 7013366 1 0 1 1 B 14731583 20415646 408311 20007335 1 0 1 1 A 0 0 1 0 0 0.00000 0.01170 0.01170 0 0 1 B 0 0 1 0 0 0.00000 0.01170 0.01170 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 PART I, COLUMN (A) NAME OF THE ISSUER: CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK PART I, COLUMN (F) BOND A REFUND BONDS ISSUED 11/21/2023 PART I, COLUMN (F) BOND B REFUND BONDS ISSUED 8/27/2003 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY SRI STAFF (FINANCE DIRECTOR-TAX, CFO, CEO), OUTSIDE LEGAL COUNSEL, AND THE AUDIT COMMITTEE. A COPY OF THE FINAL VERSION OF THE FORM 990 IS FURNISHED TO THE EACH MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C SRI MAINTAINS AND ENFORCES STANDARDS OF CONDUCT AND CONFLICT-OF-INTEREST POLICIES WHICH, AMONG OTHER THINGS, REQUIRE SUCH PERSONS TO IDENTIFY, DISCLOSE, AND AVOID INTERESTS THAT COULD GIVE RISE TO ETHICAL CONFLICTS. SRI'S LEGAL DEPARTMENT TRAINS ITS OFFICERS, DIRECTORS, AND EMPLOYEES IN SRI'S CODE OF CONDUCT, ETHICS, AND CONFLICTS-OF-INTEREST POLICIES. THE ETHICS AND CONFLICT-OF-INTEREST POLICIES ARE POSTED ON SRI'S INTERNAL WEBSITE. SRI'S ETHICS OFFICER IS REACHABLE BY ALL EMPLOYEES THROUGH SRI'S ETHICS "HOTLINE". SRI'S INTERNAL AUDIT STAFF ASSIST THE ETHICS OFFICER IN INVESTIGATING POTENTIAL VIOLATIONS AND RECOMMENDING REMEDIAL MEASURES. SENIOR MANAGEMENT OVERSEES THESE PERSONNEL AND POLICIES AND ENFORCES CORRECTIVE AND DISCIPLINARY ACTION AS WARRANTED. IN THE EVENT OF POTENTIAL CONFLICTS, THE PERSONS INVOLVED ARE BARRED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS REGARDING THE MATTER WHICH IS THE SUBJECT OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 AMONG THE COMMITTEES OF THE SRI BOARD OF DIRECTORS IS THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE (THE "COMMITTEE"), WHICH IS COMPOSED OF FOUR INDEPENDENT DIRECTORS. THE COMMITTEE REVIEWS AND APPROVES COMPENSATION LEVELS FOR SRI'S SENIOR STAFF AND CEO ON AN ANNUAL BASIS, BASED ON COMPARABLE COMPENSATION INFORMATION FOR SIMILARLY-SITUATED COMPANIES. THIS COMPARABLE COMPENSATION INFORMATION IS DEVELOPED OR OBTAINED BY A QUALIFIED, EXPERIENCED AND INDEPENDENT COMPENSATION CONSULTANT, WHO PROVIDES A REPORT AND OPINION TO THE COMMITTEE REGARDING THE REASONABLENESS OF THE PROPOSED COMPENSATION LEVELS IN LIGHT OF THE EXTERNAL DATA. THE MINUTES OF THE COMMITTEE REFLECT AND DOCUMENT THE DECISIONS, INCLUDING THE ANALYSIS AND DATA CONSIDERED BY THE COMMITTEE. THE MINUTES OF THE COMMITTEE'S MEETINGS ARE MAINTAINED BY THE CHIEF HUMAN RESOURCES OFFICER AND THE CHIEF LEGAL OFFICER. THE COMPENSATION REVIEW WAS LAST COMPLETED IN MARCH 2025. FORM 990, PART VI, SECTION C, LINE 19 SRI'S ORGANIZATIONAL DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES OF THE FINANCIAL STATEMENTS CAN ALSO BE OBTAINED FROM THE OFFICE OF THE CALIFORNIA SECRETARY OF STATE, WHERE A COPY IS FILED ANNUALLY. SRI'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G SUBCONTRACTORS AND CONSULTANTS: PROGRAM SERVICE EXPENSES 53,074,834. MANAGEMENT AND GENERAL EXPENSES 789,272. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,864,106. OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 16,185,426. MANAGEMENT AND GENERAL EXPENSES 13,519,387. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,704,813. FORM 990, PART IX, COLUMN (D) RESEARCH ORGANIZATIONS UNDER FEDERAL GUIDELINES INCLUDE ALL FUNDRAISING EXPENSES IN GENERAL AND ADMINISTRATIVE EXPENSES FOR FEDERAL INDIRECT COST PURPOSES. THEREFORE, ALL FUNDRAISING EXPENSES FOR FORM 990 REPORTING PURPOSES HAVE BEEN INCLUDED IN PART IX, COLUMN (B) AS DIRECT PROGRAM SERVICE EXPENSES OR PART IX, COLUMN (C) AS MANAGEMENT AND GENERAL EXPENSES. FORM 990, PART XI, LINE 9: CHANGE IN DEFERRED TAX ASSET -352,451. EQUITY IN EARNINGS FROM SUBSIDIARY -2,459,750. 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