2025-11-07T12:14:56-06:00 2025-06-30 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2024-07-01 953385354 LIVING DESERT THE LIVI 7603465694 47-900 PORTOLA AVENUE PALM DESERT CA 92260 ALLEN MONROE PRESIDENT & CEO 7603465694 2025-11-07 1 1 TRITIA FOSTER P02164134 9494742020 2024 2025-03-06 01:10:19Z ALLEN MONROE 47-900 PORTOLA AVENUE PALM DESERT CA 92260 65182057 0 X WWW.LIVINGDESERT.ORG X 1970 CA THE LIVING DESERT MISSION IS TO ENHANCE DESERT CONSERVATION THROUGH PRESERVATION, EDUCATION AND APPRECIATION. 22 21 327 643 0 0 10287778 11340448 16460772 17127406 12932615 16673398 1819449 2846066 41500614 47987318 448790 464689 0 0 13098525 15666873 0 0 2283193 11991756 12715727 25539071 28847289 15961543 19140029 156168736 170586785 3598194 7275635 152570542 163311150 X THE LIVING DESERT MISSION IS TO ENHANCE DESERT CONSERVATION THROUGH PRESERVATION, EDUCATION AND APPRECIATION. 1 0 4611459 464689 88797 CONSERVATION AND EDUCATION PROGRAMING: THE LIVING DESERT IS AN AGENT OF CONSERVATION WITH 100+ PROJECTS IN 12 COUNTRIES ON 3 CONTINENTS, COLLABORATING WITH 70+ IN-COUNTRY ORGANIZATIONS. WE ARE GLOBAL LEADERS IN COMMUNITY-BASED CONSERVATION USING SUCCESSFUL BIOLOGICAL AND SOCIAL SCIENCE-BASED TRAINING, RESEARCH, AND IMPLEMENTATION PROJECTS ALL AROUND THE WORLD, WHILE ALSO INSPIRING RESOURCE SUSTAINABILITY EFFORTS AMONG OUR VISITORS. THE EDUCATIONAL PROGRAMS OF THE LIVING DESERT COVER ALL ELEMENTS OF DESERT CONSERVATION AWARENESS TO PROVOKE CONSERVATION ACTIONS AND BEHAVIORAL CHANGE. WE REACH OVER 600,000 GUESTS ANNUALLY. WE PROVIDE INFORMAL EDUCATIONAL PROGRAMMING TO MORE THAN 50,000 ADULTS AND CHILDREN, INCLUDING OVER 30,000 SCHOOL CHILDREN. WE OFFER A DIVERSITY OF ENGAGING PROGRAMING THAT SPARKS A PASSION TO CARE FOR THE NATURAL WORLD. 11529753 11196886 COLLECTIONS: THE PLANTS AND ANIMALS AT THE LIVING DESERT HAVE IMPORTANT ROLES, AS THEY ARE AMBASSADORS FOR THEIR WILD COUNTERPARTS. THE LIVING DESERT MAINTAINS ONE OF THE MOST NOTABLE AND EXTENSIVE COLLECTIONS OF DESERT FLORA AND FAUNA IN THE UNITED STATES. AS ONE OF ONLY TWO ZOOLOGICAL AND BOTANICAL GARDENS IN THE COUNTRY WITH DESERT CONSERVATION AS ITS MISSION, WE PROUDLY PROVIDE A HOME TO ALMOST 600 INDIVIDUAL DESERT ANIMALS OF OVER 152 SPECIES AND OVER 10,000 DESERT PLANTS OF OVER 1000 SPECIES IN OVER 50 THEMED GARDENS AND HABITATS. THE ZOO AND GARDENS IS SET WITHIN THE NATURAL SONORAN DESERT ENVIRONMENT IN THE FOOTHILLS OF THE SANTA ROSA MOUNTAINS. THE CARETAKERS OF THE ANIMALS AND PLANTS PROVIDE EXCEPTIONAL CARE AND WELL-BEING FOR ALL OF THESE SPECIES. THESE CARETAKERS PROVIDE CONNECTIONS WITH THESE ANIMALS AND PLANTS WITH OUR GUESTS SO THEY CAN BE INSPIRED TO MAKE A POSITIVE DIFFERENCE FOR THE DESERTS OF THE WORLD. 9230299 5841723 MEMBERSHIP/PARK SERVICES: THE LIVING DESERT HAS BEEN IN OPERATION FOR ALMOST 55 YEARS. VARIOUS MEMBERSHIPS ARE OFFERED INCLUDING SINGLE, FAMILY, AND OTHER LEVELS, UP TO DONATIVE MEMBERSHIPS. THE LIVING DESERT'S MEMBERSHIP PROGRAM EXPANDS THE GUEST EXPERIENCE TO INCLUDE AN ONGOING CONNECTION TO THE MISSION AND SPECIAL EVENTS. EACH DEPARTMENT WITHIN THE LIVING DESERT TEAM STRIVES TO ASSURE EXCELLENCE IN THEIR AREA OF EXPERTISE TO PROVIDE OPTIMAL ANIMAL WELL- BEING, PARK PRESERVATION AND MEANINGFUL GUESTS CONNECTIONS. THE EXPERIENCE BEGINS WITH THE EASE OF PARKING AND PARK ENTRY; TO THE ENJOYMENT OF THE ANIMAL AND BOTANICAL COLLECTIONS; TO THE OUTSTANDING COMMUNITY EVENTS. THE LIVING DESERT BRINGS IN AN AUDIENCE FROM AROUND THE WORLD, BUT PARTICULARLY ACROSS THE COACHELLA VALLEY, A REGION NOTED FOR ITS RESORTS AND INFORMAL LEARNING PROCESSES. 25371511 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 64 0 327 1 0 0 0 0 0 1 1 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DWIGHT MIDDENDORF 7603465694 47-900 PORTOLA AVENUE PALM DESERT CA 92260 BILL APPEL CHAIRMAN 2.60 X X 0 0 0 CRAIG MCCOLLAM TREASURER 2.10 X X 0 0 0 SANDRA COOPER WOODSON SECRETARY 0.80 X X 0 0 0 ALLEN MONROE PRESIDENT/CEO & ASST. SEC 40.00 X X 686827 0 9921 DEBORAH CHAPMAN DIRECTOR 7.30 X 0 0 0 SUSAN COOPER TRUSTEE 0.30 X 0 0 0 MARYLYNN GLADSTEIN TRUSTEE 0.30 X 0 0 0 PHIL HASBROUCK TRUSTEE 0.30 X 0 0 0 CANDACE HOLZGRAFE DIRECTOR 0.80 X 0 0 0 H EARL HOOVER II TRUSTEE 0.30 X 0 0 0 SUZ HUNT DIRECTOR 0.30 X 0 0 0 MICHAEL KINER TRUSTEE 0.10 X 0 0 0 JAISHRI MEHTA TRUSTEE 0.70 X 0 0 0 JNEIL NELSON TRUSTEE 1.40 X 0 0 0 PETER SCHEER TRUSTEE 0.30 X 0 0 0 SALLY SIMONDS TRUSTEE 0.60 X 0 0 0 BILL SIMPKINS TRUSTEE 0.70 X 0 0 0 PHILLIP K SMITH JR DIRECTOR 0.80 X 0 0 0 MARY LOU SOLOMON TRUSTEE 3.20 X 0 0 0 LARRY SPICER TRUSTEE 2.10 X 0 0 0 SAM SPINELLO TRUSTEE 0.40 X 0 0 0 NANCY L STEGEHUIS DIRECTOR 8.70 X 0 0 0 DWIGHT MIDDENDOF CFO & VP OF TECHNOLOGY & INNOVATION 40.00 X 192317 0 11329 ROXANNA BREITIGAN CHIEF OPERATING OFFICER 40.00 X 164989 0 10877 JAMES DANOFF-BURG VICE PRESIDENT OF CONSERVATION 40.00 X 154327 0 6559 ALLISON KRUPP VICE PRESIDENT OF MARKETING & COMMUNICATIONS 40.00 X 211064 0 5560 JEFF PETROVIC CHIEF DEVELOPMENT OFFICER 40.00 X 199744 0 7095 ANNA YOUNG VICE PRESIDENT OF LEARNING & IMPACT 40.00 X 161202 0 10145 1770470 0 61486 7 0 1 0 DW JOHNSTON CONSTRUCTION INC 71-650 SAHARA RD SUITE 2 RANCHO MIRAGE CA 92270 GENERAL CONTRACTOR FOR TLD PROJECTS 14125360 PREST VUKSIC ARCHITECTS 44530 SAN PABLO AVENUE SUITE 200 PALM DESERT CA 92660 ARCHITECT FOR TLD PROJECTS 1435772 TIANYU ARTS AND CULTURE INC 939 W NORTH AVE SUITE 750 CHICAGO IL 60642 PROFESSIONAL HOLIDAY LIGHTS SERVICES 624892 LANE TERRALEVER LLC 645 E MISSOURI AVE SUITE 400 PHOENIX AZ 85012 ADVERTISING 566253 MOMENTOUS 777 E TAHQUITZ CANYON WAY SUITE 2 PALM SPRINGS CA 92262 ZOOBILEE GALA VENDOR 443798 5 75606 1398935 1648461 8217446 96673 11340448 PARK ADMISSIONS 900099 11196886 11196886 MEMBERSHIPS 900099 2782176 2782176 PARK SERVICES AND RENTALS 900099 2294222 2294222 RETAIL CONCESSIONS 900099 765325 765325 EDUCATION PROGRAMS 900099 88797 88797 17127406 1804729 1804729 417816 0 417816 417816 417816 28864926 13996257 14868669 14868669 14868669 3040620 1398935 2438664 601956 601956 2586112 759818 1826294 1826294 47987318 18953700 0 17693170 206100 206100 30000 30000 228589 228589 929903 278971 278971 371961 12621662 11050800 442366 1128496 128316 119540 2105 6671 1007476 874230 45417 87829 979516 837853 42533 99130 175078 175078 2092715 1892995 82649 117071 948536 941486 69 6981 273118 192495 3257 77366 1348252 1260355 37289 50608 244079 217799 9670 16610 3886071 3788791 39906 57374 247895 241742 2524 3629 PARK SUPPLIES 1031853 1019312 1951 10590 REPAIRS & MAINTENANCE 908456 866673 8505 33278 MISCELLANEOUS COSTS 832723 628938 7754 196031 EQUIPMENT 510544 497464 7222 5858 216407 197378 5319 13710 28847289 25371511 1192585 2283193 14936638 5821645 895731 854930 5314286 4723896 831370 772925 928571 928571 2472451 3704005 83671 94009 274923 306898 121894363 37343384 67049027 84550979 63382068 68828927 156168736 170586785 2023135 5472211 1536501 1775725 38558 27699 3598194 7275635 X 96743680 104450082 55826862 58861068 152570542 163311150 156168736 170586785 19140029 -8399422 0 X X 0 1 X 1 0 X 12186945 17057651 13145504 10287778 11340448 64018326 10220187 13654263 14741010 16460772 17127406 72203638 409275 3307861 3107434 3686839 4866914 15378323 22816407 34019775 30993948 30435389 33334768 151600287 372354 621602 447374 115915 486509 2043754 0 372354 621602 447374 115915 486509 2043754 149556533 1306268 1650303 1903205 1853722 1804729 8518227 1306268 1650303 1903205 1853722 1804729 8518227 2800 2800 24122675 35672878 32897153 32289111 35139497 160121314 0.93400 0.93190 0.05320 0.05230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 67296279 446958 7995826 2302475 589061 72847527 60856039 1236691 9410568 3045614 1161405 67296279 54792251 1958080 9188783 3001667 2081408 60856039 65624193 4053872 -12073834 2539120 272860 54792251 48913939 3777034 15502587 2336904 232463 65624193 0.36010 0.55550 0.08440 0 0 91373 91373 54065910 16512164 37553746 29583959 6300890 23283069 13085901 3482453 9603448 25067220 11047877 14019343 84550979 LEASE LIABILITY 27699 27699 X 39428058 -8399422 15240 -8384182 47812240 175078 175078 47987318 28687450 15240 15240 28672210 175078 175078 28847288 PART III, LINE 1A: THE ORGANIZATION'S INDIVIDUAL RESIDENTS CONSIST SUBSTANTIALLY OF ANIMALS AND PLANTS THAT THRIVE IN DESERTS FROM ALL AROUND THE WORLD, INCLUDING ALL FOUR DESERTS OF NORTH AMERICA. THE COLLECTIONS ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES AND ARE USED TO FOSTER AN APPRECIATION OF THE DESERT AND ITS WILDLIFE. PART III, LINE 4: THE ORGANIZATION WOULD NOT EXIST WITHOUT THE ASSEMBLY OF ANIMALS AND PLANTS. THE WORKS OF ART ARE ON DISPLAY FOR THE FURTHERANCE OF THE PUBLIC DRAW TO THE LIVING DESERT. PART V, LINE 4: THE MISSION OF THE LIVING DESERT'S ENDOWMENT FUNDS ARE TO PROVIDE ONGOING SUPPORT FOR CURRENT AND FUTURE PARK OPERATIONS. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE STATE REVENUE AND TAXATION CODE. THE ORGANIZATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) AND RETURN OF ORGANIZATION EXEMPT FROM BUSINESS INCOME TAX (FORM 990-T) FOR THE LAST THREE FISCAL YEARS ARE SUBJECT TO IRS EXAMINATION. THE ORGANIZATION'S FORM 199, CALIFORNIA EXEMPT ORGANIZATION ANNUAL INFORMATION RETURN, IS SUBJECT TO EXAMINATION BY STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. AS OF THE DATE OF THIS REPORT, THE ORGANIZATION'S RETURNS COVERING THE FISCAL YEAR ENDED JUNE 30, 2025 HAD NOT YET BEEN FILED. 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, TRAINING WORKSHOPS TRAVEL TO/FROM SUB-SAHARAN CONTRIES, INCLUDING LODGING, MEALS, TRANSPORTATION COSTS TO CONDUCT CONSERVATION WORKSHOPS TEACHING CONSERVATION BASED SOCIAL SCIENCE. 38174 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, CONTRIBUTIONS CONTRIBUTIONS TO RECEIPIENTS IN REGION. 55000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, CONTRIBUTIONS CONTRIBUTIONS TO RECEIPIENTS IN REGION. 163589 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, CONSERVATION ASSITANCE TRAVEL TO/FROM MONGOLIA, INCLUDING LODGING, MEALS, TRANSPORTATION COSTS TO ASSISTS WITH CONSERVATION EFFORTS INCLUDING ANIMAL TAGGING, PLANT AND ANIMAL SURVEYING, AND COMMUNITY CONSERVATION TRAINING. 18606 NORTH AMERICA CONSERVATION ASSITANCE TRAVEL TO/FROM MEXICO, INCLUDING LODGING, MEALS, TRANSPORTATION COSTS TO SUPPORT PRONGHORN RECOVERY PROJECT. 475 NORTH AMERICA CONTRIBUTIONS CONTRIBUTIONS TO RECEIPIENTS IN REGION. 10000 0 0 0 0 0 0 285844 0 285844 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES CONSERVATION SUPPORT - ANNUAL DONATION 10000 0 EAST ASIA AND THE PACIFICS CONSERVATION SUPPORT - TRANSFERS TO MCI (PASS THRU OF FUNDS FROM EARTHWATCH AND TMU AND GENERAL FUNDING BY TLD) 163589 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, CONSERVATION SUPPORT - DONATIONS TO BUSH BABIES AND BMAPU 45000 0 0 0 0 0 0 0 GLOW 1440948 177 1440771 11115 44875 2250 919260 GALA 1355731 1279653 76078 1990 1294 2014 640986 3 1642876 119105 1523771 6040 55218 22070 731552 4439555 1398935 3040620 8030 12409 102107 24320 2291798 2438664 601956 1 NATIONAL MARINE MAMMAL FOUNDATION 2240 SHELTER ISLAND DR STE 200 SAN DIEGO CA 92106 261501109 10000 0 CONSERVATION SUPPORT - VAQUITA - OPERATION ESPERANZA USGS SOUTHWESTERN BIOLOGICAL SCIENCE CENTER 12201 SUNRISE VALLEY DR RESTON VA 20192 530196958 10000 0 CONSERVATION SUPPORT - DONATION FOR TORTOISE RESEARCH WILD NATURE INSTITUTE PO BOX 44 WEAVERVILLE NC 28787 463021940 12500 0 CONSERVATION SUPPORT - ANNUAL DONATION WILDLIFE CONSERVATION NETWORK INC 209 MISSISSIPPI STREET SAN FRANCISCO CA 94107 300108469 85000 0 CONSERVATION SUPPORT - DONATIONS IN SUPPORT OF MULTIPLE ORGANIZATION; GREVY'S ZEBRA TRUST, PAINTED DOG RESEACH TRUST, WASIMA, EWASO LIONS, AND CHEETAH CONSERVATION FUND GREATER LOS ANGELES ZOO ASSOCIATION 5333 ZOO DRIVE LOS ANGELES CA 90027 952369545 10000 0 CONSERVATION SUPPORT - DONATION IN SUPPORT OF PENINSULAR PRONGHORN RECOVERY PROGRAM CARNIVORES LIVELIHOODS AND LANDSCAPES USA 6620 CITY VIEW DR HUDSONVILLE MI 49426 821871800 10000 0 CONSERVATION SUPPORT - DONATION IN SUPPORT OF ACTION FOR CHEETAHS IN KENYA WILDLIFE PROTECTION SOLUTIONS 5399 HIGHWAY 93 GOLDEN CO 80403 455583283 20000 0 CONSERVATION SUPPORT - DONATION TO COMMUNITY RHINO CONSERVATION INITIATIVE APPLIED ENVIRONMENTAL RESEARCH FOUNDATION 65 HEATHER GLEN CT SPRINGBORO OH 45066 461668981 20000 0 CONSERVATION SUPPORT - IDCS DESERT HERO AWARD SAVING SLOWPOKE INCORPORATED 300 FRANCES DR BARSTOW CA 92311 333436224 20000 0 CONSERVATION SUPPORT - IDCS DESERT HERO AWARD SCHOLARSHIP 5 30000 PART I, LINE 2: THE LIVING DESERT ONLY CONTRIBUTES TO OTHER NOT-FOR-PROFITS WITH A SIMILAR EXEMPT PURPOSE THAT FURTHERS THE MISSION OF THE LIVING DESERT. X X 0 0 0 0 0 0 0 0 0 ALLEN MONROE PRESIDENT/CEO & ASST. SEC 606827 0 80000 0 0 0 9900 0 21 0 696748 0 0 0 ALLISON KRUPP VICE PRESIDENT OF MARKETING & COMMUN 211064 0 0 0 0 0 0 0 5560 0 216624 0 0 0 JEFF PETROVIC CHIEF DEVELOPMENT OFFICER 199744 0 0 0 0 0 1535 0 5560 0 206839 0 0 0 DWIGHT MIDDENDOF CFO & VP OF TECHNOLOGY & INNOVATION 192317 0 0 0 0 0 5769 0 5560 0 203646 0 0 0 ROXANNA BREITIGAN CHIEF OPERATING OFFICER 164989 0 0 0 0 0 5317 0 5560 0 175866 0 0 0 ANNA YOUNG VICE PRESIDENT OF LEARNING & IMPACT 161202 0 0 0 0 0 4585 0 5560 0 171347 0 0 0 JAMES DANOFF-BURG VICE PRESIDENT OF CONSERVATION 154327 0 0 0 0 0 1000 0 5559 0 160886 0 0 0 ALLEN MONROE OFFICER AND DIRECTOR SPLIT DOLLAR LOAN REGIME LIFE INSURANCE X 928571 928571 0 1 1 928571 X 15 39504 MARKET COST PER LB X GENERATOR, 1 41058 X SEWING MACHINE, PRINT FRAME, GOLF CART BATTERY AND CHARGERS,ETC. 13 16111 0 0 0 FORM 990, PART III, LINE 2 1. IN APRIL 2025 THE BIGHORN CAFE AND THE BILL GROSS AND PAX STENGAARD GROSS OASIS SPLASH PAD OPENED. THE BIGHORN CAFE IS THE LIVING DESERT'S NEWEST AND LARGEST RESTAURANT, LOCATED NEXT TO OUR BIGHORN SHEEP HABITAT WHERE THE CAFE WILL SEAT 150 GUESTS INDOORS WITH OUTDOOR PATIO SEATING OVERLOOKING THE HABITAT. IT PROVIDES A FRESH AND DIVERSE MENU WITH MORE VEGAN AND VEGETARIAN OPTIONS TO GIVE GUEST THE OPPORTUNITY TO "EAT LIKE A GIRAFFE." THE BILL GROSS AND PAX STENGAARD GROSS OASIS SPLASH PAD IS A DESERT-THEMED INTERACTIVE WATER PLAY AREA DESIGNED FOR VISITORS OF ALL AGES. FEATURING DESERT INSPIRED ELEMENTS, EDUCATING GUESTS ABOUT THE IMPORTANCE OF WATER CONSERVATION. THE FACILITY USES A RECIRCULATED AND TREATED WATER SYSTEM THAT CONSUMES LESS WATER THAN A SINGLE-FAMILY HOUSEHOLD. 2. STARTING IN MAY 2025 ONLY THE BIGHORN CAFE REMAINED OPEN DURING SUMMER, TO PROMOTE THE NEWLY BUILT CAFE. OUR OTHER FOOD AND BEVERAGE OUTLETS WILL OPEN WITH THE NEW SEASON AS VISITATION PICKS UP. 3. BEYOND THE COMPLETION OF THE BIGHORN CAFE AND SPLASH PAD SEVERAL RENOVATIONS WERE MADE TO THE PARK. ENHANCEMENTS WERE MADE TO THE VIEWING AREA FOR SOME OF OUR ANIMAL HABITATS INCLUDING THE BIGHORN SHEEP, SPEKES GAZELLE, AND ARABIAN ORYX HABITATS. THE AREA ACROSS FROM OUR CAROUSEL WAS RECONSTRUCTED AS THE PRONGHORN PICNIC PLACE TO HAVE SHADE, SEATING AND ADDITIONAL SPACE FOR EVENTS. OUR TRAIN EXHIBIT WAS RENOVATED TO SHOWCASE THE COACHELLA VALLEY. EV CHARGERS WERE INSTALLED IN OUR PARKING LOT INCLUDING 31 DUAL PORT AND 2 SINGLE PORT CHARGERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY IS PROVIDED TO THE AUDIT COMMITTEE, AND SUBSEQUENTLY TO THE FINANCE COMMITTEE. IT THEN GOES TO THE BOARD OF DIRECTORS BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS DESIGNED TO HELP MEMBERS OF THE BOARD OF TRUSTEES AND OFFICERS IDENTIFY SITUATIONS THAT PRESENT POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE THE LIVING DESERT WITH A SET PROCEDURE THAT, IF OBSERVED, WILL ALLOW A TRANSACTION TO BE TREATED AS VALID AND BINDING EVEN THOUGH A TRUSTEE OR OFFICER HAS OR MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. BEFORE BOARD ACTION IS TAKEN ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, THE RESPONSIBLE PERSON HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE POTENTIAL CONFLICT. IF PERSON IS NOT IN ATTENDANCE, THE POTENTIAL CONFLICT SHALL BE DISCLOSED TO THE CHAIR. THE RESPONSIBLE PERSON SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S DISCUSSION REGARDING THE MANNER. THIS POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF TRUSTEES AND ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS INDEPENDENT DATA ANNUALLY, FOR THE PRESIDENT & CEO ONLY. FORM 990, PART VI, SECTION C, LINE 19 OUR 990 AND OTHER GOVERNING DOCUMENTS, SUCH AS THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, ARE AVAILABLE ON OUR WEBSITE AND AVAILABLE UPON REQUEST. FORM 990 PART XII LINE 2C THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.