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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MANTHOS MAVROMMATIS</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>IAN RANDALL</PersonNm>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>CAROLINE SAUVAGE</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ALAN H SIMMONS</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MATTHEW SPIGELMAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>CHARLES STEWART</PersonNm>
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        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>LINDY CREWE</PersonNm>
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        <ReportableCompFromOrgAmt>65224</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>13632</OtherCompensationAmt>
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      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
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      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
      <MembershipDuesAmt>1877</MembershipDuesAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>SCHOLAR RESIDENCE FEES</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>48077</TotalRevenueColumnAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>OTHER PROGRAM REV.</Desc>
        <BusinessCd>900099</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>25</RelatedOrExemptFuncIncomeAmt>
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      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>102779</TotalRevenueColumnAmt>
        <ExclusionAmt>102779</ExclusionAmt>
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      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>324929</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>48102</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>102779</ExclusionAmt>
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      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>11101</TotalAmt>
        <ProgramServicesAmt>11101</ProgramServicesAmt>
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      <ForeignGrantsGrp>
        <TotalAmt>19243</TotalAmt>
        <ProgramServicesAmt>19243</ProgramServicesAmt>
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      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>79461</TotalAmt>
        <ProgramServicesAmt>55188</ProgramServicesAmt>
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        <FundraisingAmt>2095</FundraisingAmt>
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      <OtherSalariesAndWagesGrp>
        <TotalAmt>66358</TotalAmt>
        <ProgramServicesAmt>46088</ProgramServicesAmt>
        <ManagementAndGeneralAmt>18520</ManagementAndGeneralAmt>
        <FundraisingAmt>1750</FundraisingAmt>
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      <PensionPlanContributionsGrp>
        <TotalAmt>3500</TotalAmt>
        <ProgramServicesAmt>2431</ProgramServicesAmt>
        <ManagementAndGeneralAmt>977</ManagementAndGeneralAmt>
        <FundraisingAmt>92</FundraisingAmt>
      </PensionPlanContributionsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>2657</TotalAmt>
        <ProgramServicesAmt>1846</ProgramServicesAmt>
        <ManagementAndGeneralAmt>742</ManagementAndGeneralAmt>
        <FundraisingAmt>69</FundraisingAmt>
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      <FeesForServicesAccountingGrp>
        <TotalAmt>39611</TotalAmt>
        <ManagementAndGeneralAmt>39611</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <AdvertisingGrp>
        <TotalAmt>76</TotalAmt>
        <FundraisingAmt>76</FundraisingAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>5423</TotalAmt>
        <ManagementAndGeneralAmt>5423</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <OccupancyGrp>
        <TotalAmt>1800</TotalAmt>
        <ManagementAndGeneralAmt>1800</ManagementAndGeneralAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>446</TotalAmt>
        <ManagementAndGeneralAmt>446</ManagementAndGeneralAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>3481</TotalAmt>
        <ManagementAndGeneralAmt>3481</ManagementAndGeneralAmt>
      </ConferencesMeetingsGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>54612</TotalAmt>
        <ProgramServicesAmt>54612</ProgramServicesAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>9623</TotalAmt>
        <ProgramServicesAmt>4762</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4681</ManagementAndGeneralAmt>
        <FundraisingAmt>180</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>SCHOLAR RESIDENCE/SVCS</Desc>
        <TotalAmt>56801</TotalAmt>
        <ProgramServicesAmt>56801</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>FOREIGN CURRENCY LOSS</Desc>
        <TotalAmt>16807</TotalAmt>
        <ManagementAndGeneralAmt>16807</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>LIBRARY PURCHASES</Desc>
        <TotalAmt>10646</TotalAmt>
        <ProgramServicesAmt>10646</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>FUNDRAISING</Desc>
        <TotalAmt>3254</TotalAmt>
        <FundraisingAmt>3254</FundraisingAmt>
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      <AllOtherExpensesGrp>
        <TotalAmt>8903</TotalAmt>
        <ProgramServicesAmt>1030</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7873</ManagementAndGeneralAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>393803</TotalAmt>
        <ProgramServicesAmt>263748</ProgramServicesAmt>
        <ManagementAndGeneralAmt>122539</ManagementAndGeneralAmt>
        <FundraisingAmt>7516</FundraisingAmt>
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      <CashNonInterestBearingGrp>
        <BOYAmt>120549</BOYAmt>
        <EOYAmt>139688</EOYAmt>
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        <BOYAmt>9402</BOYAmt>
        <EOYAmt>678</EOYAmt>
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      <InventoriesForSaleOrUseGrp>
        <BOYAmt>1456</BOYAmt>
        <EOYAmt>1004</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>2767</EOYAmt>
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      <LandBldgEquipCostOrOtherBssAmt>2313722</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>923921</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>1464107</BOYAmt>
        <EOYAmt>1389801</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>2405795</BOYAmt>
        <EOYAmt>2559136</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <TotalAssetsGrp>
        <BOYAmt>4001309</BOYAmt>
        <EOYAmt>4093074</EOYAmt>
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      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>4089</BOYAmt>
        <EOYAmt>7661</EOYAmt>
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      <OtherLiabilitiesGrp>
        <BOYAmt>-16525</BOYAmt>
        <EOYAmt>-18707</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>-12436</BOYAmt>
        <EOYAmt>-11046</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>2656488</BOYAmt>
        <EOYAmt>2735536</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <BOYAmt>1357257</BOYAmt>
        <EOYAmt>1368584</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>4013745</BOYAmt>
        <EOYAmt>4104120</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>4001309</BOYAmt>
        <EOYAmt>4093074</EOYAmt>
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      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-68874</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>183562</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>-24313</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>0</FSAuditedInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>170135</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>164039</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>156240</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>156292</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>174048</CurrentTaxYearAmt>
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      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>170135</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>164039</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>156240</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>156292</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>174048</CurrentTaxYearAmt>
        <TotalAmt>820754</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>45446</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>775308</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
        <CurrentTaxYearMinus4YearsAmt>53685</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>59265</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>132948</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>123157</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>102779</CurrentTaxYearAmt>
        <TotalAmt>471834</TotalAmt>
      </GrossInvestmentIncome170Grp>
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      <GrossReceiptsRltdActivitiesAmt>175378</GrossReceiptsRltdActivitiesAmt>
      <PublicSupportCY170Pct>0.59980</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.60070</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
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    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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        <RevenuesIncludedAmt>0</RevenuesIncludedAmt>
        <AssetsIncludedAmt>533676</AssetsIncludedAmt>
      </ArtPublicExhibitionAmountsGrp>
      <CollectionUsedPubExhibitionInd>X</CollectionUsedPubExhibitionInd>
      <CollUsedScholarlyRsrchInd>X</CollUsedScholarlyRsrchInd>
      <CollectionUsedPreservationInd>X</CollectionUsedPreservationInd>
      <SolicitedAssetsSaleInd>0</SolicitedAssetsSaleInd>
      <CYEndwmtFundGrp>
        <BeginningYearBalanceAmt>518936</BeginningYearBalanceAmt>
        <ContributionsAmt>150</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>42738</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>45000</OtherExpendituresAmt>
        <EndYearBalanceAmt>516824</EndYearBalanceAmt>
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      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>492834</BeginningYearBalanceAmt>
        <ContributionsAmt>500</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>34102</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>8500</OtherExpendituresAmt>
        <EndYearBalanceAmt>518936</EndYearBalanceAmt>
      </CYMinus1YrEndwmtFundGrp>
      <CYMinus2YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>636955</BeginningYearBalanceAmt>
        <InvestmentEarningsOrLossesAmt>-69121</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>75000</OtherExpendituresAmt>
        <EndYearBalanceAmt>492834</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>573548</BeginningYearBalanceAmt>
        <ContributionsAmt>650</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>62757</InvestmentEarningsOrLossesAmt>
        <EndYearBalanceAmt>636955</EndYearBalanceAmt>
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      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>542748</BeginningYearBalanceAmt>
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        <EndYearBalanceAmt>573548</EndYearBalanceAmt>
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      <EndowmentsHeldRelatedOrgInd>0</EndowmentsHeldRelatedOrgInd>
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        <DepreciationAmt>754688</DepreciationAmt>
        <BookValueAmt>838418</BookValueAmt>
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      <EquipmentGrp>
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      <OtherLandBuildingsGrp>
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      <TotalBookValueLandBuildingsAmt>1389801</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>VAT LIABILITIES</Desc>
        <Amt>-18707</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>-18707</TotalLiabilityAmt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART III, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>CAARI HOLDS A GROWING COLLECTION OF MORE THAN 9,000 BOOKS AND MONOGRAPHS, 4,600 BOUND OFF-PRINTS, 4,000 PAPERS ON CYPRIOT ARCHAEOLOGY, AND SOME 110 PERIODICAL TITLES CURRENT THROUGH SUBSCRIPTION OR EXCHANGE. THE COLLECTION IS A VALUABLE RESOURCE TO SCHOLARS IN THE FIELD OF CYPRIOT ARCHAELOGY AND AN IMPORTANT KNOWLEDGE DATABASE IN THAT FIELD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>TO SUPPORT, IF NEEDED, THE UNRESTRICTED OPERATING OR PROGRAMMATIC NEEDS OF THE ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
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        <OfficesCnt>1</OfficesCnt>
        <EmployeeCnt>4</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>PROGRAM SERVICE ACTIVITIES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>PROVIDE OPPORTUNITY FOR SCHOLARS TO PURSUE RESEARCH IN CYPRUS AND ADJACENT REGIONS.</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>EUROPE (INCLUDING ICELAND &amp; GREENLAND)</RegionTxt>
        <OfficesCnt>0</OfficesCnt>
        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>GRANTMAKING</TypeOfActivitiesConductedTxt>
        <RegionTotalExpendituresAmt>19243</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>EUROPE (INCLUDING ICELAND &amp; GREENLAND)</RegionTxt>
        <OfficesCnt>0</OfficesCnt>
        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>FUNDRAISING</TypeOfActivitiesConductedTxt>
        <RegionTotalExpendituresAmt>4262</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <SubtotalOfficesCnt>1</SubtotalOfficesCnt>
      <SubtotalEmployeesCnt>4</SubtotalEmployeesCnt>
      <ContinuationTotalOfficeCnt>0</ContinuationTotalOfficeCnt>
      <ContinuationTotalEmployeeCnt>0</ContinuationTotalEmployeeCnt>
      <TotalOfficeCnt>1</TotalOfficeCnt>
      <TotalEmployeeCnt>4</TotalEmployeeCnt>
      <SubtotalSpentAmt>209182</SubtotalSpentAmt>
      <ContinuationSpentAmt>0</ContinuationSpentAmt>
      <TotalSpentAmt>209182</TotalSpentAmt>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>FELLOWSHIP PAYMENTS FOR RESEARCH EXPENSES AND TRANSPORTATION</TypeOfAssistanceTxt>
        <RegionTxt>EUROPE (INCLUDING ICELAND &amp; GREENLAND)</RegionTxt>
        <RecipientCnt>5</RecipientCnt>
        <CashGrantAmt>19243</CashGrantAmt>
        <MannerOfCashDisbursementTxt>WIRE</MannerOfCashDisbursementTxt>
      </ForeignIndividualsGrantsGrp>
      <TransferToForeignCorpInd>0</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>0</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>0</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>0</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>0</ForeignPartnershipInd>
      <BoycottCountriesInd>0</BoycottCountriesInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL EXPENDITURES IN CYPRUS ARE MONITORED LOCALLY BY THE DIRECTOR AND HER STAFF, AUDITED ANNUALLY, AND MONITORED IN THE U.S. VIA FINANCIAL REPORTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleF>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>FELLOWSHIP PAYMENTS FOR RESEARCH EXPENSES AND TRANSPORTATION</GrantTypeTxt>
        <RecipientCnt>4</RecipientCnt>
        <CashGrantAmt>11101</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL EXPENDITURES ARE MONITORED LOCALLY BY THE DIRECTOR AND HER STAFF, AUDITED ANNUALLY, AND MONITORED IN THE U.S. VIA FINANCIAL REPORTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE RETURN WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT AND THEN BY THE FINANCE COMMITTEE. A COPY OF THE DRAFT 990 WAS SENT TO EACH BOARD MEMBER TO PROVIDE EACH MEMBER WITH AN OPPORTUNITY TO REVIEW THE 990 BEFORE IT WAS FILED WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ANNUALLY, EACH MEMBER OF THE BOARD AND/OR OFFICER COMPLETES A CONFLICT OF INTEREST POLICY STATEMENT, AGREEING THAT HE/SHE WILL AVOID CONFLICTS BETWEEN HIS/HER PERSONAL AND PROFESSIONAL INTERESTS AND THE INTERESTS OF CAARI. ALL BOARD MEMBERS MUST DISCLOSE ANY INTERESTS THAT MAY CONFLICT WITH THE INTERESTS OF CAARI. SHOULD A CONFLICT OF INTEREST ARISE, THE INTERESTED BOARD MEMBER REFRAINS FROM VOTING OR OTHERWISE INFLUENCING A DECISION OF CAARI ON ANY MATTER IN WHICH SUCH A CONFLICT EXISTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE DIRECTOR DURING THE PROCESS OF THE ANNUAL PERFORMANCE REVIEW. THIS PORTION OF THE DISCUSSION IS HELD IN THE ABSENCE OF THE DIRECTOR FROM THE MEETING AND THE RESULTS ARE COMMUNICATED AS A MOTION TO THE FULL BOARD OF TRUSTEES IF ANY ACTION IS NECESSARY. WHEN THE DIRECTOR'S CONTRACT WAS FORMULATED, INFORMATION ON COMPARABLE COMPENSATION PACKAGES WAS RECEIVED FROM THE COUNCIL OF AMERICAN OVERSEAS RESEARCH CENTERS. THIS IS REFLECTED IN THE FORMAL MINUTES OF THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES, WHICH ARE KEPT BY THE SECRETARY IN HARD COPY AND IN AN E-COPY ON THE CAARI WEBSITE. THE LAST COMPENSATION REVIEW TOOK PLACE IN MAY 2024.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT 209 COMMERCE ST., ALEXANDRIA, VA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>FOREIGN CURRENCY TRANSLATION ADJUSTMENT -24,313.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>