2026-05-27T10:47:53-05:00 2025-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2024-07-01 846032307 MORRIS ANIMAL FOUNDATION MORR 3037902345 720 S COLORADO BLVD STE 174A DENVER CO 80246 IKE NICOLL CEO 3037902345 2026-05-26 1 1 KYLE FRITCH CPA P01313374 9702238825 2026-05-26 2024 2025-03-06 01:10:19Z IKE NICOLL 720 S COLORADO BLVD STE 174A DENVER CO 80246 17795396 0 X WWW.MORRISANIMALFOUNDATION.ORG X 1948 CO TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. 18 18 62 135 -89272 0 13043440 15914959 396500 201500 848892 1195915 73068 0 14361900 17312374 7787818 6952698 0 0 7901839 4914561 428551 330000 2815502 5091877 4444919 21210085 16642178 -6848185 670196 112233574 123345905 10296454 10482107 101937120 112863798 X MORRIS ANIMAL FOUNDATION'S (THE FOUNDATION'S) MISSION IS TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. SINCE THE FOUNDATION'S FOUNDING IN 1948, MORE THAN 20,000 SPECIES HAVE BEEN HELPED THROUGH SCIENTIFIC STUDIES AND THE DEVELOPMENT OF NEW TREATMENTS, DIAGNOSTIC TOOLS, AND VACCINES. 0 0 8209609 6597871 201500 ANIMAL HEALTH STUDIES: THE FOUNDATION FUNDS RESEARCHERS AROUND THE WORLD WHO ARE SOLVING CRITICAL HEALTH PROBLEMS IN ANIMALS, INCLUDING DOGS, CATS, HORSES, LLAMAS, ALPACAS, AND WILDLIFE. THE FOUNDATION'S WORK IS HELPING RESEARCHERS IN THE FIELD FIND NEW DIAGNOSTICS, TREATMENTS, AND CURES FOR DISEASES AND OTHER HEALTH CONCERNS FOR ANIMALS AROUND THE WORLD, INCLUDING MANY ENDANGERED SPECIES. 3401737 354827 PROGRAM AWARENESS: THE FOUNDATIONS MISSION IS TO BRIDGE SCIENCE AND RESOURCES TO ADVANCE THE HEALTH OF ANIMALS. RAISING AWARENESS ABOUT THE FOUNDATIONS PROGRAMS AND IMPACT IS A COMPONENT TO FULFILLING THE MISSION. PROGRAM AWARENESS EFFORTS ALSO SUPPORT THE FOUNDATIONS GOLDEN RETRIEVER LIFETIME STUDY, THE LARGEST AND LONGEST STUDY EVER UNDERTAKEN IN THE UNITED STATES TO UNDERSTAND CANCER IN DOGS. ANNUAL CAMPAIGNS AIM TO GENERATE AWARENESS AND SUPPORT FOR CRITICAL ANIMAL HEALTH ISSUES SUCH AS THE STOP CANCER FUREVER CAMPAIGN AND INSPIRING DONATIONS FOR FUND PREVENTION AND TREATMENT. THE FOUNDATION ALSO DISTRIBUTES ONGOING ANIMAL HEALTH INFORMATION TO SUPPORTERS AND THE GENERAL PUBLIC THROUGH DIRECT MAIL, QUARTERLY NEWSLETTERS, SOCIAL MEDIA, PUBLIC RELATIONS AND A RANGE OF DIGITAL CONTACT INCLUDING A WEBSITE THAT HOUSES RESOURCES FOR ALL AFOREMENTIONED EFFORTS. 11611346 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 1 62 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MN MS NC ND NH NJ NV NY OH OK OR PA RI SC TN UT VA WA WI WV MO NM X X BRIAN LAMMER 7202061291 720 S COLORADO BLVD STE 174-A DENVER CO 80246 VERN NORVIEL CHAIR 3.00 X X 0 0 0 CARLTON OSBORNE VICE CHAIR 3.00 X X 0 0 0 DAVID MORRIS TREASURER 3.00 X X 0 0 0 AMY HUNKELER SECRETARY 3.00 X X 0 0 0 ADAM BOYKO TRUSTEE 2.00 X 0 0 0 AJAY GOPAL TRUSTEE 2.00 X 0 0 0 BILL SUTHERLAND TRUSTEE 2.00 X 0 0 0 BOB GAIN TRUSTEE 2.00 X 0 0 0 CHUCK STEPHENS TRUSTEE 2.00 X 0 0 0 CYNTHIA MORRIS TRUSTEE 2.00 X 0 0 0 DEBBIE DAVENPORT TRUSTEE 2.00 X 0 0 0 DONNA DAMBACH TRUSTEE 2.00 X 0 0 0 JONATHAN JACHIMIEC TRUSTEE 2.00 X 0 0 0 KRISTIN BLOINK TRUSTEE 2.00 X 0 0 0 KYLE OFFERMANN TRUSTEE 2.00 X 0 0 0 ROBIN DOWNING TRUSTEE 2.00 X 0 0 0 STAN TEETER TRUSTEE 2.00 X 0 0 0 STEVE FISHER TRUSTEE 2.00 X 0 0 0 IKE NICOLL CEO (FROM JUNE '25) 40.00 X 0 0 0 KATHY TIETJE CPO (THRU OCT '24) 40.00 X 214203 0 14665 RYAN WELCH INTERIM CEO (THRU MAY '25) 40.00 X 386508 0 20855 JULIA LABADIE VET SCIENTIST, GRLS 40.00 X 156531 0 19750 LARA CROFT VET SCIENTIST, SGP 40.00 X 131920 0 29922 RYAN MCVEIGH SENIOR DATABASE & SOFTWARE DEVELOPER 40.00 X 146764 0 30728 SARA WILLIAMS DIRECTOR OF STRATEGIC PARTNERSHIPS 40.00 X 140942 0 18748 STACEY ROIGER DIRECTOR OF FINANCE AND ADMIN 40.00 X 143122 0 20543 1319990 0 155211 7 0 1 0 PAYTON LANE LLC 1009 WEST 70TH TERRACE KANSAS CITY MO 64113 STRATEGIC PLANNING 336193 KORN FERRY NW 5854 PO BOX 1450 MINNEAPOLIS MN 554855854 CEO SEARCH 209000 RIDGELINE CONSULTING GROUP 30 N GOULD ST STE N SHERIDAN WY 82801 INTERIM CEO SUPPORT 141614 AMERICAN INSTITUTE OF BIOLOGICAL SCIENCE 950 HERNDON PARKWAY SUITE 450 HERNDON VA 20170 SAB PROPOSAL SUPPORT 100349 4 15914959 1053166 15914959 SERVICE REVENUE 541700 201500 201500 201500 1152077 -89272 1241349 526860 483022 43838 43838 43838 17312374 201500 -89272 1285187 X 4674216 4674216 310272 310272 1968210 1968210 551866 551866 3368628 1835131 186283 1347214 213260 114522 15952 82786 436505 237831 48995 149679 344302 176924 52863 114515 42317 34667 7650 37973 37973 330000 330000 339416 339416 1968718 1358866 503706 106146 194488 2048 192440 298124 160858 31356 105910 510622 301478 41455 167689 342676 174259 51784 116633 88622 49218 6327 33077 27682 3054 21481 3147 PROFESSIONAL DEVELOPMEN 329540 53156 246056 30328 PROGRAM SUPPLIES & SERV 176768 176768 UBIT 41275 41275 46698 14535 3875 28288 16642178 11611346 2215330 2815502 1766618 2435060 8462003 12481199 802675 650548 386317 197733 533776 528838 14366 4938 29427506 36481952 71086299 68360515 287790 2733960 112233574 123345905 1025519 783575 8363031 9085135 907904 613397 10296454 10482107 X 36473194 41519243 65463926 71344555 101937120 112863798 112233574 123345905 X 670196 7305223 2951259 X X 0 1 X 1 0 X 13524634 15090948 11345193 13043440 15914959 68919174 13524634 15090948 11345193 13043440 15914959 68919174 7115227 61803947 104722 -913179 73240 750442 1152077 1167302 971891 229456 175750 1377097 13029 18692 5765 6372 43858 71507431 201500 0.86430 0.90950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88920140 3528618 7324730 4805482 4552296 90415710 86654123 11529858 6350060 7763739 5392486 2457676 88920140 85576529 7536809 5762295 4538848 5008732 2673930 86654123 88935327 9751462 -4091719 3162949 4411602 1443990 85576529 70208949 9810717 18344672 3543499 2986332 2899180 88935327 0.30680 0.66870 0.02450 0 0 44889 45972 -1083 488887 482866 6021 4938 INTERNATIONAL AND EMERGING 7937794 F PRIVATE EQUITY FUNDS 37256418 F REAL ESTATE FUNDS 7918864 F HEDGE FUNDS 5283117 F BONDS AND FIXED INCOME FUNDS 5018068 F US EQUITY FUNDS 4946254 F 68360515 ANNUITIES PAYABLE 576858 OPERATING LEASE LIABILITY 36539 613397 X 25137388 7305223 589044 250380 8144647 16992741 319633 319633 17312374 16768265 589044 -143324 445720 16322545 319633 319633 16642178 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT (THE ENDOWMENT) CONSISTS OF APPROXIMATELY 21 INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR SPECIFIC ACTIVITIES AND GENERAL OPERATIONS. THE ENDOWMENT ALSO INCLUDES CERTAIN NET ASSETS WITHOUT DONOR RESTRICTIONS THAT HAVE BEEN DESIGNATED FOR ENDOWMENT BY THE BOARD OF TRUSTEES. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A COLORADO NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS A FOUNDATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. WE ARE ANNUALLY REQUIRED TO FILE A RETURN OF FOUNDATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, WE ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE FOUNDATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. MANAGEMENT BELIEVES THAT THE FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE FORMS 990, 990-T AND OTHER INCOME TAX FILINGS REQUIRED BY STATE, LOCAL, OR NON-U.S. TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN CHARITABLE TRUST 250,380. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECOVERIES OF PRIOR YEAR GRANTS NETTED WITH GRANT EXPENSE -143,324. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING ANIMAL HEALTH STUDIES 39440 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING ANIMAL HEALTH STUDIES 1581044 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING ANIMAL HEALTH STUDIES 120800 NORTH AMERICA 0 0 GRANTMAKING ANIMAL HEALTH STUDIES 206946 SOUTH AMERICA 0 0 GRANTMAKING ANIMAL HEALTH STUDIES 19980 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 27820434 0 0 0 0 0 0 29788644 0 29788644 EAST ASIA AND THE PACIFIC ANIMAL HEALTH STUDIES 39440 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) ANIMAL HEALTH STUDIES 1581044 WIRE 0 MIDDLE EAST AND NORTH AFRICA ANIMAL HEALTH STUDIES 120800 WIRE 0 NORTH AMERICA ANIMAL HEALTH STUDIES 206946 WIRE 0 SOUTH AMERICA ANIMAL HEALTH STUDIES 19980 WIRE 0 19 1 0 1 1 1 0 PART I, LINE 2: DISTRIBUTIONS OF GRANT PAYMENTS ARE MADE ACCORDING TO THE TERMS OUTLINES WITHIN THE GRANT AGREEMENT, TYPICALLY ON A BI-ANNUAL BASIS. GRANT PAYMENTS ARE CONTINGENT UPON DEFINED REPORTING REQUIREMENTS AND SATISFACTORY PROGRESS. GRANT PERFORMANCE IS ASSESSED BASED ON SCIENTIFIC REVIEW OF GRANT REPORTS. X 1 DIAMOND COMMUNICATIONS 900 KIMBERLY DRIVE CAROL STREAM IL 60188 MAILING 0 824716 330000 494716 824716 330000 494716 AK AL AR CA CO CT FL GA HI IL KS KY MA MD ME MN MI MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV SCHEDULE G, PART I, LINE 2B, COLUMN (V) DIRECT FUNDRAISING EXPENSES ARE PAID BY THE FUNDRAISING ORGANIZATION. AN UNIDENTIFIED PORTION OF THE $330,000 RAISED BY DIAMOND COMMUNICATIONS WAS RELATED TO POSTAGE, PRINTING, MAILING, AND AGENCY FEES. 1 AUBURN UNIVERSITY 381 MELL STREET AUBURN AL 36849 636000724 GOV 99511 0 ANIMAL HEALTH STUDIES BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS 352 HENRY ADMINISTRATION BUILDING 506 S WRIGHT ST URBANA IL 61801 376000511 501C(3) 202112 0 ANIMAL HEALTH STUDIES COLORADO STATE UNIVERSITY 900 OVAL DR FORT COLLINS CO 80523 846000545 GOV 1849339 0 ANIMAL HEALTH STUDIES CORNELL UNIVERSITY 616 THURSTON AVE ITHACA NY 14853 150532082 GOV 313360 0 ANIMAL HEALTH STUDIES EPIPAWS INC 1221 GUAVA ISLE FORT LAUDERDALE FL 33315 10000 0 ANIMAL HEALTH STUDIES FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC 777 GLADES RD BOCA RATON FL 33431 590917284 501C(3) 19985 0 ANIMAL HEALTH STUDIES FOUR RIVERS KENNEL LLC 19442 E EARHART RD WALKER MO 64790 133271 0 ANIMAL HEALTH STUDIES NORTH CAROLINA STATE UNIVERSITY BOX 7214 RALEIGH NC 27695 566000756 GOV 136798 0 ANIMAL HEALTH STUDIES OREGON STATE UNIVERSITY 1500 SW JEFFERSON WAY CORVALLIS OR 97331 611730890 GOV 144828 0 ANIMAL HEALTH STUDIES PURDUE UNIVERSITY 610 PURDUE MALL WEST LAFAYETTE IN 47907 356002041 GOV 119891 0 ANIMAL HEALTH STUDIES TEXAS A&M UNIVERSITY 400 HARVEY MITCHELL PARKWAY SOUTH COLLEGE STATION TX 77843 746000541 GOV 162757 0 ANIMAL HEALTH STUDIES THE BOARD OF SUPERVISORS OF LA STATE UNIV AND AGRICULTURAL 3810 W LAKESHORE DR ROOM 104B BATON ROUGE LA 70808 501C(3) 142916 0 ANIMAL HEALTH STUDIES THE UNIVERSITY OF ALABAMA AT BIRMINGHAM 1720 2ND AVE S BIRMINGHAM AL 35294 636005396 501C(3) 19818 0 ANIMAL HEALTH STUDIES THE UNIVERSITY OF TENNESSEE 2407 RIVER DR KNOXVILLE TN 37996 626001636 GOV 12503 0 ANIMAL HEALTH STUDIES TRUSTEE OF TUFTS COLLEGE 419 BOSTON AVE MEDFORD MA 02155 042103634 501C(3) 124979 0 ANIMAL HEALTH STUDIES TUFTS UNIVERSITY 419 BOSTON AVE MEDFORD MA 02155 042103634 GOV 144396 0 ANIMAL HEALTH STUDIES TURTLE SURVIVAL ALLIANCE 5900 CORE ROAD SUITE 504 CHARLESTON SC 29406 200785702 501C(3) 49993 0 ANIMAL HEALTH STUDIES UNIVERSITY OF CALIFORNIA DAVIS PO BOX 741816 LOS ANGELES CA 90095 946036494 GOV 355257 0 ANIMAL HEALTH STUDIES UNIVERSITY OF GEORGIA RESEARCH FOUNDATION INC 310 E BROAD ST ATHENS GA 30602 581353149 501C(3) 258499 0 ANIMAL HEALTH STUDIES UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN 601 E JOHN ST CHAMPAIGN IL 61820 376000511 GOV 19938 0 ANIMAL HEALTH STUDIES UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION 109 KINKEAD HALL LEXINGTON KY 40506 616033693 501C(3) 20000 0 ANIMAL HEALTH STUDIES UNIVERSITY OF MINNESOTA TWIN CITIES CAMPUS MINNEAPOLIS MN 55455 416007513 GOV 214812 0 ANIMAL HEALTH STUDIES VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY 290 COLLEGE AVE BLACKSBURG VA 24061 546001805 GOV 99252 0 ANIMAL HEALTH STUDIES ZOETIS LLC PO BOX 419022 BOSTON MA 022419022 20000 0 ANIMAL HEALTH STUDIES 21 3 FELLOWSHIPS & SPONSERSHIPS 54 310272 PART I, LINE 2: DISTRIBUTIONS OF GRANT PAYMENTS ARE TYPICALLY MADE IN QUARTERLY DISTRIBUTIONS, SUBJECT TO PERFORMANCE OF THE PRPJECT TO SATISFACTION OF THE FOUNDATION. GRANT PERFORMANCE IS ASSESSED BASED ON INDEPENDENT SCIENTIFIC REVIEW OF PROGRESS REPORTS THAT ARE REQUESTED TWICE PER YEAR. ONE-HALF OF THE FINAL QUARTERLY PAYMENTS WILL BE WITHELD BY THE FOUNDATION UNTIL RECEIPT OF A COMPLETE AND SATISFACTORY FINAL REPORT AND ACCOUNTING. X X X X X 0 0 0 0 0 0 0 1 0 RYAN WELCH INTERIM CEO (THRU MAY '25) 229561 0 156947 0 0 0 13568 0 7286 0 407362 0 0 0 KATHY TIETJE CPO (THRU OCT '24) 181203 0 33000 0 0 0 11452 0 3213 0 228868 0 0 0 RYAN MCVEIGH SENIOR DATABASE & SOFTWARE DEVELOPER 146764 0 0 0 0 0 9409 0 21319 0 177492 0 0 0 JULIA LABADIE VET SCIENTIST, GRLS 156531 0 0 0 0 0 9341 0 10409 0 176281 0 0 0 STACEY ROIGER DIRECTOR OF FINANCE AND ADMIN 128122 0 15000 0 0 0 8432 0 12111 0 163665 0 0 0 LARA CROFT VET SCIENTIST, SGP 131920 0 0 0 0 0 8597 0 21324 0 161841 0 0 0 SARA WILLIAMS DIRECTOR OF STRATEGIC PARTNERSHIPS 130942 0 10000 0 0 0 8044 0 10703 0 159689 0 0 0 PART I, LINE 7 THE ORGANIZATION ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. X 6 1053166 SELLING PRICE 0 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE TOTAL NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). PART I, LINE 32B: THE ORGANIZATION USES A BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 CYNTHIA MORRIS AND DAVID MORRIS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE IRS FORM 990 AND ALL SCHEDULES IS REVIEWED BY THE BOARD OF TRUSTEES, CEO, AND OTHER OFFICERS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF TRUSTEES AND BOARD COMMITTEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONAIRE. THE BOARD REVIEWS ALL FORMS AND FOR ANY THAT DECLARE A CONFLICT, THOSE MATTERS ARE BROUGHT BEFORE THE FULL BOARD. THE BOARD ALSO ENFORCES COMPLIANCE BY PROMOTING AWARENESS OF THE POLICY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE PRESIDENT/CEO AND MAKING RECCOMENDATIONS AT LEAST ANNUALLY TO THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES FOR HIS/HER COMPENSATION. THIS SHALL BE DONE IN ACCORDANCE WITH THE POLICY AND OTHER BEST PRACTICES IN THE JUDGEMENT OF THE MEMBERS OF THE COMPENSATION COMMITTEE. FOR THE PURPOSES OF THIS POLICY, "COMPENSATION" REFERS TO THE COMBINATION OF SALARY AND BENEFITS AS DEFINES IN THE IRS FORM 990 PROCESS INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE ALSO POSTED ON THE FOUNDATION'S WEBSITE. FORM 990, PART VI, LINE 15B THE COMPENSATION COMMITTEE SHALL ANNUALLY REVIEW ANY CHANGES IN THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ACCORDING TO POLICY. FOR THE PURPOSES OF THESE POLICIES, "COMPENSATION" REFERS TO THE COMBINATION OF SALARY AND BENEFITS AS DEFINED IN THE IRS FORM 990 PROCESS INSTRUCTIONS. THE CEO SETS THE OTHER OFFICERS' SALARIES WITH INPUT FROM THE BOARD AND USING COMPARATIVE DATA AND SET PAYGRADES. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,358,866. MANAGEMENT AND GENERAL EXPENSES 503,706. FUNDRAISING EXPENSES 106,146. TOTAL EXPENSES 1,968,718. FORM 990, PART XI, LINE 9: RECOVERIES OF PRIOR YEAR GRANTS 143,324. VALUE CHANGE IN BENEFICIAL INTEREST IN CHARITABLE TRUST 250,380. ADJUSTMENT TO RECOGNIZE BENEFICIAL INTEREST IN CHARITABLE TRUST 2,557,555. FORM 990, PART XII, LINE 2C THE FOUNDATION'S AUDIT & RISK COMMITTEE IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITOR AND MONITORING THE RESULTS OF THE ANNUAL AUDIT. THE AUDIT & RISK COMMITTEE MEETS WITH THE INDEPENDENT AUDITOR AT LEAST ANNUALLY TO REVIEW THE AUDIT PROCESS AND RESULTS. THERE HAS BEEN NO CHANGE TO THIS PROCESS IN THE CURRENT YEAR.