Civic Intelligence

Carnegie Endowment for International Peace

990 • Fiscal year 2020 • EIN 13-0552040

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

1779 Massachusetts Ave NWWashington, DC 20036

(202) 483-7600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.14x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.97x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Net Margin

89th percentile

33%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

36th percentile

$599,527

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Asset Growth

39th percentile

3.1%

Faster asset growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

12%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Assets

Up

$401,375,079

Up $12,145,010 (+3.1%) from 2019

Net Assets

Up

$345,869,417

Up $5,198,064 (+1.5%) from 2019

Liabilities

Up

$55,505,662

Up $6,946,946 (+14%) from 2019

Revenue

Up

$57,208,207

Up $5,944,791 (+12%) from 2019

Expenses

Down

$38,515,533

Down $530,509 (-1.4%) from 2019

Net Income

Up

$18,692,674

Up $6,475,300 (+53%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2012: $292,172,932Liabilities 2012: $53,471,563Net Assets 2012: $238,701,3692012Assets 2013: $323,412,204Liabilities 2013: $48,834,537Net Assets 2013: $274,577,6672013Assets 2014: $345,987,930Liabilities 2014: $48,087,531Net Assets 2014: $297,900,3992014Assets 2015: $349,319,832Liabilities 2015: $49,115,857Net Assets 2015: $300,203,9752015Assets 2016: $327,928,687Liabilities 2016: $54,090,052Net Assets 2016: $273,838,6352016Assets 2017: $354,369,173Liabilities 2017: $48,838,247Net Assets 2017: $305,530,9262017Assets 2018: $377,613,687Liabilities 2018: $45,965,440Net Assets 2018: $331,648,2472018Assets 2019: $389,230,069Liabilities 2019: $48,558,716Net Assets 2019: $340,671,3532019Assets 2020: $401,375,079Liabilities 2020: $55,505,662Net Assets 2020: $345,869,4172020Assets 2021: $534,684,148Liabilities 2021: $52,956,461Net Assets 2021: $481,727,6872021Assets 2022: $521,567,655Liabilities 2022: $47,229,879Net Assets 2022: $474,337,7762022Assets 2023: $522,206,675Liabilities 2023: $43,179,804Net Assets 2023: $479,026,8712023Assets 2024: $569,086,413Liabilities 2024: $42,678,633Net Assets 2024: $526,407,7802024Assets 2025: $602,477,369Liabilities 2025: $43,125,798Net Assets 2025: $559,351,5712025

Highlighted filing

2020

Assets$401,375,079
Liabilities$55,505,662
Net Assets$345,869,417

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2012: $30,095,1482012Revenue 2013: $38,695,314Expenses 2013: $33,174,500Net Income 2013: $5,520,8142013Revenue 2014: $26,767,015Expenses 2014: $32,939,297Net Income 2014: -$6,172,2822014Revenue 2015: $42,523,654Expenses 2015: $33,996,712Net Income 2015: $8,526,9422015Revenue 2016: $46,881,551Expenses 2016: $34,710,554Net Income 2016: $12,170,9972016Revenue 2017: $46,973,603Expenses 2017: $36,544,639Net Income 2017: $10,428,9642017Revenue 2018: $58,286,882Expenses 2018: $37,395,069Net Income 2018: $20,891,8132018Revenue 2019: $51,263,416Expenses 2019: $39,046,042Net Income 2019: $12,217,3742019Revenue 2020: $57,208,207Expenses 2020: $38,515,533Net Income 2020: $18,692,6742020Revenue 2021: $73,160,068Expenses 2021: $38,453,371Net Income 2021: $34,706,6972021Revenue 2022: $75,940,491Expenses 2022: $39,812,975Net Income 2022: $36,127,5162022Revenue 2023: $59,878,250Expenses 2023: $47,202,026Net Income 2023: $12,676,2242023Revenue 2024: $86,800,356Expenses 2024: $52,595,867Net Income 2024: $34,204,4892024Revenue 2025: $57,574,887Expenses 2025: $55,812,577Net Income 2025: $1,762,3102025

Highlighted filing

2020

Revenue$57,208,207
Expenses$38,515,533
Net Income$18,692,674
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$88,290,924
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$318,020,453$314,499,388▼ $3,521,065
Investments in Publicly Traded Securities$24,963,480$31,058,420▲ $6,094,940
Land, Buildings, and Equipment, Net$23,862,325$24,617,515▲ $755,190
Pledges and Grants Receivable$15,508,576$24,548,398▲ $9,039,822
Cash and Non-Interest-Bearing Accounts$5,537,220$4,540,578▼ $996,642
Savings and Temporary Cash Investments$125,243$954,199▲ $828,956
Prepaid Expenses and Deferred Charges$974,837$757,654▼ $217,183
Accounts Receivable$237,935$398,927▲ $160,992
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$389,230,069$401,375,079▲ $12,145,010
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$32,581,617$32,617,333▲ $35,716
Other Liabilities$10,544,603$15,895,189▲ $5,350,586
Accounts Payable and Accrued Expenses$3,286,201$4,710,811▲ $1,424,610
Mortgage Notes Payable Secured by Investment Property$2,144,022$1,697,890▼ $446,132
Deferred Revenue$2,273$584,439▲ $582,166
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$48,558,716$55,505,662▲ $6,946,946
Net Assets / Fund Balance
Net Assets With Donor Restrictions$329,744,488$336,306,547▲ $6,562,059
Net Assets Without Donor Restrictions$10,926,865$9,562,870▼ $1,363,995
Total Net Assets Fund Balance$340,671,353$345,869,417▲ $5,198,064
Total Liabilities and Net Assets / Fund Balance$389,230,069$401,375,079▲ $12,145,010

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,389,151$10,083,469$27,472,620
Land$6,374,592-$6,374,592
Other Land Buildings$615,063$4,874,634$5,489,697
Leasehold Improvements$238,709$376,632$615,341
Other Securities$2,040,139--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$274,385,909$207,436▲ $3,036,852$14,725,848$262,904,349
2018$267,641,179$811,060▲ $20,736,325$14,802,655$274,385,909
2017$255,527,932$182,075▲ $27,259,344$15,328,172$267,641,179
2016$233,186,107$4,459,519▲ $33,496,119$15,613,813$255,527,932
2015$260,876,667$2,014,558▼ $14,571,977$15,133,141$233,186,107
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William J BurnsPresidentFT$553,276$46,251$599,527
Paul HaenleDirectorFT$299,939$234,736$534,675
Thomas CarothersSenior VP for StudiesFT$365,280$62,391$427,671
George PerkovichVP for StudiesFT$312,715$62,349$375,064
Ashley TellisTata Chair, Strategic AffairsFT$283,360$86,656$370,016
Evan FeigenbaumVP for StudiesFT$279,640$35,327$314,967
Marwan MuasherVP for StudiesFT$263,037$46,884$309,921
Elizabeth DibbleChief Operating OfficerFT$264,677$44,847$309,524
Jen PsakiVP for Comms and StrategyFT$261,663$40,658$302,321
Tina T DuongChief Development OfficerFT$249,331$43,888$293,219
Suzanne DiMaggioSenior FellowFT$243,725$47,218$290,943
Andrew WeissVP for StudiesFT$215,497$73,289$288,786
Michele DunneSenior Fellow and DirectorFT$215,370$36,864$252,234
Melissa SanoffChief Financial OfficerFT$190,448$54,833$245,281

Highest Paid Contractors

ContractorServicesLocationCompensation
InvestureInvestment Mngt126 GARRETT STREET SUITE J, Charlottesville, VA 22902, Is$2,115,237
Ccsi Construction LLCHvac System Svcs1150 CONNECTICUT AVENUE NW, Washington, DC 20036, Sp$821,223
Ariel Levite Consulting LtdConsulting Services8401 GREENSBORO DRIVE SUITE 800, Mclean, VA 22102$202,475
Richard YoungsConsulting Services-$189,959
Bdo USA LLPAudit & Tax Services-$184,594
Revenue and Support

Revenue Composition

Contributions and Grants
$40,772,770
Program Service Revenue
$2,628,235
Investment Income
$13,798,738
Other Revenue
$8,464
All Other Contributions
$38,932,598
Change in Net Assets
$18,692,674

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$159,455Fair Market Value (FMV)
Total Noncash Contributions1$159,455-

Audited Revenue Reconciliation

Revenue per Audited Statements
$54,983,245
Revenue Not Reported on Financial Statements
$2,224,962
Revenue Not Reported on Form 990
$-13,494,610
Total Revenue per Audited Statements
$41,488,635
Total Revenue per Form 990
$57,208,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,240,244
Other Expenses$16,075,289
Total Fundraising Expense$2,359,180
Grants and Similar Amounts Paid$200,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,992,187$1,270,392$660,591$13,923,170
Fees for Services Other$3,645,253$266,276$157,865$4,069,394
Current Officers, Directors, Trustees, and Key Employees$1,197,120$1,215,662$876,535$3,289,317
Other Employee Benefits$2,322,513$487,118$72,612$2,882,243
Occupancy$2,045,279$216,361$198,955$2,460,595
Fees for Service Investment Mgmnt Fees$0$2,224,962$0$2,224,962
Interest$1,121,365$192,218$115,556$1,429,139
Travel$1,220,029$116,620$6,076$1,342,725
Pension Plan Contributions$1,073,826$149,763$75,346$1,298,935
Depreciation Depletion$822,266$64,870$79,475$966,611
Payroll Taxes$644,967$132,695$68,917$846,579
Conferences and Meetings$348,287$57,463$17,126$422,876
Office Expenses$318,560$50,814$15,647$385,021
Fees for Services Accounting$128,006$166,550$0$294,556
Foreign Grants$200,000--$200,000
Insurance$3,614$170,800$0$174,414
Other Expenses$0$112,168$0$112,168
Fees for Services Legal$33,665$64,109$0$97,774
Total Functional Expenses$29,156,354$6,999,999$2,359,180$38,515,533

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$38,515,533
Expenses per Audited Statements$36,290,571
Total Expenses per Audited Statements$36,290,571
Expenses Not Reported on Financial Statements$2,224,962
International Activity

International Summary

Offices
4
Employees
130
Spending
$110,941,910

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsGlobal Policy Program00$100,062,115
East Asia and the PacificProgram ServicesGlobal Policy Program015$2,304,894
Europe (Including Iceland and Greenland)Program ServicesBussels Office00$1,973,163
Middle East and North AfricaProgram ServicesBeirut Office00$1,597,593
Middle East and North AfricaMaintaining officesGlobal Policy Program143$1,357,296
Russia and the Newly Independent StatesMaintaining officesGlobal Policy Program123$1,255,487
South AsiaProgram ServicesIndia Office00$746,906
Europe (Including Iceland and Greenland)Maintaining officesMiddle East Program123$545,007
Russia and the Newly Independent StatesProgram ServicesMoscow Office00$413,291
South AsiaMaintaining officesGlobal Policy Program126$406,634
East Asia and the PacificGrantmaking-00$200,000
Sub-Saharan AfricaProgram Services-00$50,314
Central America and the CaribbeanProgram ServicesAsia Program00$15,000
North AmericaProgram ServicesRussia Eurasia Moscow00$12,467
South AmericaProgram ServicesSouth Asia Program00$1,743
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Liability$15,791,431
Bond Interest Payable$103,758

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2006-05-10$33,250,000Refund a prior issuance of dc reve

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$33,250,000$0$0$468,642

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2:

William burns and david burke have a business relationship. William bradley and walter kielholz have a business relationship. Steve denning and henri de castries have a business relationship.

Form 990, Part VI, Section B, Line 11B:

Prior to filing, the form 990 must be reviewed by several different layers within the organization as well as by the organization's external legal counsel. A copy of the draft form 990, prepared by bdo usa llp is distributed to all members of the audit & risk committee of the board of trustees for review. A representative from bdo usa llp. Meets with members of the audit & risk committee at the october board of trustees meeting to provide an overview of the organization's current year form 990. The chief financial officer then closely reviews the form 990 and agrees all amounts and disclosures reflected on the form to the organization's books and records. The draft form 990 is then reviewed by the organization's external legal counsel. The chief operating officer performs a review of the form 990 prior to signing. Lastly, the final form 990 is sent to all members of the board of trustees prior to filing.

Form 990, Part VI, Section B, Line 12C:

The organization monitors compliance with the conflict of interest policy by requiring that all members of the board of trustees, officers, and key employees submit an annual disclosure form indicating whether a family relationship or a business relationship with any officer, key employee, or trustee exists. The trustees must also list all affiliations with organizations in which the trustee or immediate family is an officer, director, trustee, or majority owner. The trustee must disclose any activities that are in conflict with the trustee's service to the organization. Members of the board of trustees submit their disclosure forms to the chairman of the audit & risk committee for review. Any proposed transaction in which a trustee has a conflict of interest must be approved by a majority of the members of the board of trustees or the applicable committee entitled to vote with the exception of the trustee with the conflict. The officers and key employees submit their annual disclosure forms to the chief financial officer for review. For all employees, the organization requires that employees annually review the code of ethics policy that contains the conflict of interest policy. Management is required to submit an annual disclosure form of outside affiliates to the director of human resources. The chief operating officer and director of human resources review all employee disclosure forms.

Form 990, Part VI, Section B, Line 15:

The compensation for the organization's president is recommended annually by the governance committee of the board of trustees and is based on performance and independent surveys of compensation for executive officers within the non-profit industry and comparability charts. The board of trustees approves the president's annual compensation. The annual compensation for officers is recommended by the organization's president to the governance committee and is based on performance and review of comparability charts and independent compensation surveys for management of non-profits. The governance committee considers the recommendation and makes revisions if necessary prior to recommending to the board of trustees. The board of trustees approves the annual compensation for officers.

Form 990, Part VI, Section C, Line 19:

Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Carnegie Endowment for International Peace
EIN
13-0552040
In Care Of
% ELIZABETH DIBBLE COO
Phone
2024837600
Address
1779 MASSACHUSETTS AVE NW, Washington, DC 20036

Signing Officer

Name
Elizabeth Dibble
Title
COO
Phone
2029392223
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William J Burns
Formed
1929
Legal Domicile
Ny
Voting Board Members
34
Independent Board Members
33
Employees
174
Volunteers
33

Preparer

Firm
Bdo USA Llp
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

In an increasingly crowded, chaotic, and contested world and marketplace of ideas, the Carnegie Endowment for International Peace offers decisionmakers global, independent, and strategic insight and innovative ideas that advance international peace. We are more than 150 thinkers and doers from diverse disciplines and perspectives spread across more than twenty countries and six global centers working together as one network.

FORM 990, PART III, LINE 1:

Carnegie endowment for international peace is a unique global network of policy research centers in russia, china, europe, the middle east, india, and the united states. Our mission, dating back more than a century, is to advance the cause of peace.

FORM 990, PART III, LINE 4A:

Middle East - The Carnegie Middle East Program combines in-depth local knowledge with incisive comparative analysis to examine economic, sociopolitical, and strategic interests in the Arab world. Through detailed country studies and the exploration of key crosscutting themes, the Carnegie Middle East Program, in coordination with the Carnegie Middle East Center in Beirut, provides analysis and recommendations in both English and Arabic that are deeply informed by knowledge and views from the region. The program has special expertise in processes of political, economic, and geopolitical change in Egypt, North Africa, Israel/Palestine, the Gulf, and Iran.

FORM 990, PART III, LINE 4B:

Asia - The Carnegie Asia Program studies disruptive security, governance, and technological risks that threaten peace and growth in the Asia Pacific region. The program recommends policies to manage the growing threats to Asias long peace, especially from competition among major powers. It also helps decisionmakers address social, institutional, and political obstacles to achieving Asias development potential. As part of this effort, the CarnegieTsinghua Center for Global Policy brings together leading policy experts and practitioners from China and around the world to engage in collaborative dialogue and research. From its platform at Tsinghua University, the center works to identify constructive solutions to common global challenges.

FORM 990, PART III, LINE 4C:

Russia and Eurasia - The Carnegie Russia and Eurasia Program has, since the end of the Cold War, led the field of Eurasian security, including strategic nuclear weapons and nonproliferation, development, economic and social issues, governance, and the rule of law. It works together with the Carnegie Moscow Center, which has been a leading source of analysis on Russia and the countries of the former Soviet Union for two decades. The Carnegie Moscow Center publishes work in Russian and English. Its work covers a broad array of issues, including domestic politics, societal trends, economics, foreign policy, and nuclear nonproliferation.

Form 990, Part XI, Line 9:

Fair Value Loss on Interest Rate Swap Agreement ($5,383,066) Currency Exchange - Loss ($ 711,458) Rounding $1 -------------- Total to Form 990, Part XI, Line 9 ($6,094,523)

Form 990, Part XII, Line 2C:

There have been no changes since the prior year.

Form 990 Part IX Line 11G

Description:contractors total fees:4069394

Financial Statement Notes

Part V, Line 4:

The endowment is subject to the enacted new york version of the uniform prudent management of institutional funds act (nypmifa). The board of trustees has interpreted nypmifa as requiring with donor restricted net assets to include the original value of the gifts donated and additions made to the permanent endowment in accordance with the donor gift instrument. The remaining portion of the endowment that is not classified as permanently donor restricted net assets is classified as with donor restricted net assets until those amounts are appropriated for expenditure in a manner consistent with the donor gift instruments and the standard of prudence prescribed by nypmifa. The endowment maintains a $10 million permanently endowed fund, consisting of the original sums received from andrew carnegie and accumulated income thereon. The terms of the gift instrument stipulated that the principal may never be expended; however, the income is expendable. The endowment reports the original sums received from andrew carnegie as with donor restricted net assets. Accumulated income of $241,328,898 as of the fiscal year ending june 30, 2020 is reported as restricted net assets until appropriated. The endowment adopted an investment policy and a spending rate policy designed to provide a relatively predictable and growing stream of revenues to the operating budget. The endowment follows an investment policy that attempts to maximize annualized returns, net of costs over rolling ten-year periods, while adhering to the endowment's risk parameters. Appropriations from the endowment funds are not available for expenditure until the annual budget has been approved. Appropriations must further programmatic goals, adhere to the terms of the donor's gift instrument, and the standard of prudence prescribed by nypmifa.

Part X, Line 2:

The Endowment is exempt from federal income taxes on its exempt activities under Section 501(c)(3) of the Internal Revenue Code (the Code) and has been designated by the Internal Revenue Service as a publicly supported organization under Section 509(a)(1) of the Code. The Endowment engages in certain activities that produce unrelated business income, as defined by federal income tax regulations. The Endowment files income tax returns in the U.S federal jurisdiction. In accordance with FASB ASC 740 Income Taxes, the Endowment recognizes tax liabilities for uncertain tax positions when it is more likely than not that a tax position will not be sustained upon examination and settlement with various taxing authorities. Liabilities for uncertain tax positions are measured based upon the largest amount of benefit that is greater than 50% likely of being realized upon settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. With a few exceptions, The Endowment is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2017. Management has evaluated the Endowments tax positions and has concluded that the Endowment has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance.

Part XI, Line 2D:

Foreign currency exchange loss ($ 711,475) fair value loss on interest rate swap ($5,383,066) -------------- total other adjustments ($6,094,541)

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10244691
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11216739
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12217692

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$602$43.1$559$57.6$55.8$1.76
2024Detailed filing. Detailed filing data is available for this year.$569$42.7$526$86.8$52.6$34.2
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$522$43.2$479$59.9$47.2$12.7
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$522$47.2$474$75.9$39.8$36.1
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$535$53.0$482$73.2$38.5$34.7
2020Detailed filing. Detailed filing data is available for this year.$401$55.5$346$57.2$38.5$18.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$389$48.6$341$51.3$39.0$12.2
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$378$46.0$332$58.3$37.4$20.9
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$354$48.8$306$47.0$36.5$10.4
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$328$54.1$274$46.9$34.7$12.2
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$349$49.1$300$42.5$34.0$8.53
2014Detailed filing. Detailed filing data is available for this year.$346$48.1$298$26.8$32.9$6.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$323$48.8$275$38.7$33.2$5.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$292$53.5$239$30.1