John S Burke Catholic High School Foundation Inc.

“Description: investment income. Amount: 4,593.”

“Description: net unrealized losses on investments. Amount: -7,537.”

“Description: investments - publicly traded securities. Beg. Of year amount: 253,001. End of year amount: 279,313.”

“The bylaws were amended to appoint the john s burke catholic high school as the sole member of the organization. As the sole member, the school has the filing rights: (a) the right to approve any and all amendments to the foundation's certificate of incorporation and the bylaws before they become effective. (b) the right to set policies and lead strategic initiatives and to review the operations and programs of the foundation to assure fidelity to school's identity statement and mission, core values and principles and its policies. (c) the right to elect and/or appoint and remove any director with or without cause. Directors shall be voted upon from time to time at meetings of the board for three-year terms and presented to the sole member for final approval. Any one or more of the directors may be removed either with or without cause, at any time, by a vote of the majority of the board, ensuing recommendation by the board to the sole member, and then by an affirmative vote of the sole member. In addition, any one or more of the directors may be removed either with or without cause, at any time, by an affirmative vote of the sole member. (d) the right to approve the election and/or appointment or removal of the officers with or without cause, including without limitation, the chief executive officer or vice president (if any). The officers shall be elected by the board at the annual meeting of the corporation for a term of two years, subject to the approval of the sole member and each shall serve at the discretion of the sole member until his or her successor shall be elected, or his or her earlier resignation or removal. (e) the right to approve the compensation of the chief executive officer in consultation with the board. (f) the right to approve the foundation's strategic plan, the right to approve any significant development, expansion, retrenchment or alteration of the program, including the sale or purchase of any land or buildings by the foundation or its affiliates, and the incorporation of any new entities. (g) to the extent not expressly set forth above, the right to direct or require the foundation to take any other lawful acts or actions with respect to the corporation's business, affairs, management, properties or activities that the sole member may direct.”