Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
EIN 27-1226829 • 501(c)3 • Bozeman, MT
Profile
We bring science, policy, and proven solutions directly to communities working to restore the integrity and natural connectivity of the landscapes in which they live.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
Liabilities / Revenue
43rd percentile
Higher debt load relative to revenue than 43% of similar nonprofits.
Net Margin
25th percentile
Higher net margin than 25% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Assets
Down$5,055,566
Down $468,324 (-8.5%) from 2024
Liabilities
Down$423,715
Down $248,888 (-37%) from 2024
Net Assets
Down$4,631,851
Down $219,436 (-4.5%) from 2024
Revenue
Down$3,781,863
Down $383,307 (-9.2%) from 2024
Expenses
Up$3,996,175
Up $261,058 (+7.0%) from 2024
Net Income
Down-$214,312
Down $644,365 (-150%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
Catalyze, advance, and support large landscape conservation by building communities that engage invested stakeholders, advancing science that informs critical decision-making, and advocating policies and strategies that champions ecological connectivity.
The center for large landscape conservation (cllc) advances ecological connectivity for climate resilience worldwide through science, policy, practice and collaboration.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $4,187,199 | $3,855,278 | ▼ $331,921 |
| Pledges and Grants Receivable | $993,963 | $617,262 | ▼ $376,701 |
| Cash and Non-Interest-Bearing Accounts | $56,110 | $518,777 | ▲ $462,667 |
| Accounts Receivable | $37,812 | $30,923 | ▼ $6,889 |
| Savings and Temporary Cash Investments | $242,773 | $25,213 | ▼ $217,560 |
| Prepaid Expenses and Deferred Charges | $3,311 | $6,384 | ▲ $3,073 |
| Land, Buildings, and Equipment, Net | $1,159 | $166 | ▼ $993 |
| Total Assets | $5,523,890 | $5,055,566 | ▼ $468,324 |
| Other Assets Total | $1,563 | $1,563 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $431,271 | $316,500 | ▼ $114,771 |
| Deferred Revenue | $241,332 | $107,215 | ▼ $134,117 |
| Total Liabilities | $672,603 | $423,715 | ▼ $248,888 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,720,326 | $2,969,617 | ▲ $249,291 |
| Net Assets With Donor Restrictions | $2,130,961 | $1,662,234 | ▼ $468,727 |
| Total Net Assets Fund Balance | $4,851,287 | $4,631,851 | ▼ $219,436 |
| Total Liabilities and Net Assets / Fund Balance | $5,523,890 | $5,055,566 | ▼ $468,324 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $166 | $6,786 | $6,952 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kathryn Perkes | COO | FT | $144,025 | $14,287 | $158,312 |
| Deborah Kmon Davidson | CSO | FT | $129,692 | $14,333 | $144,025 |
| Katherine Deuel | Sr. Program | FT | $111,979 | $12,744 | $124,723 |
| Gary Tabor | CEO | PT | $103,143 | $5,157 | $108,300 |
| Name | Title |
|---|---|
| Mary Pearl | Chair |
| Richard West | Vice Chair |
| Cynthia Mcvay | Director |
| Daniel Bercu | Director |
| Elizabeth Wong | Director |
| Jason Hoffs | Director |
| Kerry Omughelli | Director |
| Marcelo Dorio | Director |
| Martin S Kaplan | Director |
| Sanjeev Kumar | Director |
| Victoria Collins | Secretary |
| Douglas Foy | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,422,447 |
| Other Expenses | $975,518 |
| Grants and Similar Amounts Paid | $598,210 |
| Total Fundraising Expense | $520,443 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,222,675 | $267,461 | $360,274 | $1,850,410 |
| Fees for Services Other | $576,165 | $35,585 | - | $611,750 |
| Grants to Domestic Orgs | $548,710 | - | - | $548,710 |
| Other Employee Benefits | $150,579 | $30,550 | $39,796 | $220,925 |
| Conferences and Meetings | $156,711 | $11,964 | $11,794 | $180,469 |
| Payroll Taxes | $104,127 | $23,396 | $30,794 | $158,317 |
| Current Officers, Directors, Trustees, and Key Employees | $73,713 | $16,069 | $21,613 | $111,395 |
| Pension Plan Contributions | $55,481 | $11,256 | $14,663 | $81,400 |
| Occupancy | $35,223 | $16,468 | $7,815 | $59,506 |
| Office Expenses | $24,407 | $20,335 | $12,740 | $57,482 |
| Foreign Grants | $49,500 | - | - | $49,500 |
| Travel | $15,583 | $3,475 | $10,039 | $29,097 |
| Other Expenses | $4,561 | $1,019 | $1,760 | $7,340 |
| Total Functional Expenses | $3,033,096 | $442,636 | $520,443 | $3,996,175 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,996,175 |
| Total Expenses per Audited Statements | $3,996,175 |
| Total Expenses per Form 990 | $3,996,175 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| University of North Texas | Denton, TX | Gov | Science | $51,660 |
| Accokeek Foundation | Accokeek, MD | 501c3 | Building Networks | $25,000 |
| Algonquin to Adirondacks Collaborat | Potsdam, NY | 501c3 | Building Networks | $25,000 |
| Alliance for the Mystic River Water | Mystic, CT | 501c3 | Building Networks | $25,000 |
| Igiugig Village | Igiugig, AK | Gov | Building Networks | $25,000 |
| Kodiak Archipelago Leadership Inst | Kodiak, AK | 501c3 | Building Networks | $25,000 |
| Lowcountry Native American Heritage | Conway, SC | 501c3 | Building Networks | $25,000 |
| National Parks Conservation Associa | Washington, DC | 501c3 | Building Networks | $25,000 |
| National Wildlife Federation | Reston, VA | 501c3 | Building Networks | $25,000 |
| New England Forestry Foundation | Littleton, MA | 501c3 | Building Networks | $25,000 |
| North Coast Resource Conservation | Santa Rosa, CA | 501c3 | Building Networks | $25,000 |
| Sky Island Alliance | Tucson, AZ | 501c3 | Building Networks | $25,000 |
| Sovereign Energy | Albuquerque, NM | 501c3 | Building Networks | $25,000 |
| Sudbury Valley Trustees | Sudbury, MA | 501c3 | Building Networks | $25,000 |
| Wabanaki Commission on Land and Stw | Orono, ME | 501c3 | Building Networks | $25,000 |
| Wildlandscapes International | Tallahassee, FL | 501c3 | Building Networks | $25,000 |
| Minnesota Land Trust | Saint Paul, MN | 501c3 | Building Networks | $13,500 |
| Cacapon & Lost Rivers Land Trust | Capon Bridge, WV | 501c3 | Building Networks | $12,500 |
| Friends of Cedar Mesa | Bluff, UT | 501c3 | Building Networks | $12,500 |
| Grand Staircase Escalante Partners | Kanab, UT | 501c3 | Building Networks | $12,500 |
| Natural Resource Foundation of Wisc | Madison, WI | 501c3 | Building Networks | $12,500 |
| Lowcountry Land Trust | Charleston, SC | 501c3 | Building Networks | $11,250 |
| Siuslaw Watershed Council | Mapleton, OR | 501c3 | Building Networks | $11,200 |
| World Wildlife Fund | Washington, DC | 501c3 | Inter. Workshops | $10,000 |
| Zambia Carnivore Programme | Harrison, MT | 501c3 | Inter. Research | $10,000 |
| Nikwasi Initiative | Franklin, NC | 501c3 | Building Networks | $5,434 |
| Protectores De Cuencas Inc | Yauco, PR | 501c3 | Building Networks | $5,434 |
| South Hero Land Trust | South Hero, VT | 501c3 | Building Networks | $5,232 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Brazil | Program Services | Research and Trainin | - | - | $64,000 |
| Turkmenistan | Program Services | Research, Training, | - | 9 | $59,144 |
| Tanzania | Program Services | Cooridor Analysis an | - | 1 | $51,491 |
| Zambia | Program Services | Research, Data Colle | - | - | $13,368 |
| Malaysia | Program Services | Training and Worksho | - | - | $7,677 |
| Uzbekistan | Program Services | Workshop and Trainin | - | - | $4,373 |
| Mongolia | Program Services | Data Collection and | - | - | $3,500 |
| Spain | Program Services | Workshop and Trainin | - | - | $522 |
| Bhutan | Program Services | Training and Worksho | - | - | $495 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The form 990 is reviewed by the board of directors prior to filing.”
“Each year, all directors and officers are required to read, sign and adhere to the conflict of interest policy. The policy determines if a conflict exists, procedures for addressing a conflict, conflicts that may exist in compensation matters, how violations will be addressed and how to record proceedings.”
“The executive director's compensation is determined by a process which includes a yearly performance review, a review of other executive director's compensation and comparability data.”
“Same process for officers and key employees.”
“The organization has made its governing documents, policies, and financial statements available on the organization's website.”
“The center for large landscape conservation (cllc) amplifies community and governmental conservation efforts through research, advancing science-based policy and guidelines, and implementing "on the ground" practice in areas of conservation importance. Our work defines and advances best practices in landscape connectivity throughout the u.s. And globally. We engage in four ways: (1) we develop and apply science to reconnect fragmented landscapes and provide safe passage for wildlife and people; (2) we inform new policy and law, and develop international standards, to support and accelerate large landscape conservation locally, nationally, and globally; (3) we connect professionals and decision makers to share information and resources by coordinating and participating in networks worldwide; and (4) we support community-based planning and project implementation to protect and manage large landscapes. Part iii, 4a continuation local governments have land use authority across nearly two-thirds of land in the united states and have a key role to play in preserving wildlife habitat connectivity. In recognition of the importance of local action, cllc created a report bringing together the policy tools and practical strategies that cities, towns, and counties can use to help keep landscapes connected. The report serves as a practical guide for planners and partners to incorporate wildlife habitat connectivity into local land use planning. It includes sample policy and ordinance language from communities across the country; links to relevant planning and technical resources; case studies that highlight realistic implementation approaches; and recommendations and best practices to support local decision-making. One example of a community working to balance population growth with the preservation of ecosystems in the face of fragmentation from roads and development is gallatin county, montana. With our expertise in land-use planning and road ecology, cllc was contracted to lead a wildlife and transportation assessment of major roads in the county. Phase 1 of the assessment in fy25 compiled, mapped, and analyzed public data to identify potential sites where mitigation measures-such as culvert and overpasses- could improve the safety of travelers and wildlife and help maintain habitat connectivity. A joint project of cllc and montana state university's western transportation institute, the assessment aims to serve as a foundational document to guide gallatin county in addressing wildlife-vehicle collisions while preserving wildlife movement. Another local area struggling with increased traffic is the ninemile/sixmile region west of missoula, montana. For decades, public agencies, conservation organizations, and citizens have voiced concern about the high rate of wildlife-vehicle collisions on interstate 90 in this area. This ecologically important landscape that is bisected by this four- lane highway is home to intact forest and large mammals such as elk and grizzly bears. To address the lack of safe passage for wildlife and motorists along this stretch of road, cllc leads a coalition called the western montana wildlife connectivity (wmwc) group. In fy25, cllc led the collection of wildlife data via camera traps, advised state agency staff on the relevant science, and conducted public outreach and education on habitat connectivity threats and solutions. Part iii, 4b continuation in fy25, cllc and the network for landscape conservation entered the 6th year of the landscape conservation catalyst fund project. The project awarded its grants in september 2024, totaling more than 460,950, to 15 landscape conservation partnerships throughout the united states. The fund aims to accelerate the pace and practice of collaborative landscape conservation and stewardship across the country. Grants are used to advance partnerships' efforts to protect the ecological, cultural, and community values of the landscapes they call home. Grant awards are made”
“Advancing conservation science scientists at cllc are increasingly called upon to assist country governments in planning for, preserving, and increasing ecological connectivity long-term. In fy25, cllc developed the transboundary corridor atlas for the southern kenya-northern tanzania (soknot) landscape. The atlas is a comprehensive resource supporting conservation of the iconic region's important ecosystems and spectacular wildlife. It contains assessments of 24 wildlife corridors and recommendations on how to best conserve them along with baseline data to help measure habitat connectivity over time. The atlas serves as an essential tool for policymakers and practitioners to take action that will avoid the severe consequences of fragmentation of corridors that could affect both wildlife and communities. A global team of leading connectivity scientists led by the cllc science team is developing practical guidance to help the 193 un signatory countries measure how "well-connected" their protected area systems are, as called for in the kunming-montreal global biodiversity framework. Propelling the "well-connected initiative," the group established a two- part work plan during a january 2025 workshop. The first project tested and identified key indicators that effectively measure connectivity across simulated landscapes. These indicators will help measure effective connectivity, supporting countries in achieving the framework's goal of conserving at least 30% of the planet through ecologically representative and connected, protected, and conserved areas by 2030. The completed project will result in a published, peer-reviewed paper and likely international adoption of these globally applicable indicators. As part of the collaborative wildlife connect initiative to connect key landscapes on four continents, our staff led a workshop in borneo in june 2025. With bornean government officials and conservation practitioners in attendance, the workshop aimed to identify the most important ecological corridors to conserve in the country and to foster collaboration. Participants produced a consensus list of "must secure" corridors based on scientific analyses and expert opinion from cllc staff and developed profiles for each outlining conservation strategies.”
“Consultants 544,707 0 0 professional fees 31,458 35,585 0 total 576,165 35,585 0”
“Management believes that the center 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 center 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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | THE CENTER FOR LARGE LANDSCAPE CONSERVATION (CLLC) ADVANCES ECOLOGICAL CONNECTIVITY FOR CLIMATE RESILIENCE WORLDWIDE THROUGH SCIENCE, POLICY, PRACTICE AND COLLABORATION. |
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| IRS990/Desc | 0 | UNITED STATES CONNECTIVITY CONSERVATION PROGRAM CONNECTIVITY CONSERVATION IS THE MOST EFFECTIVE STRATEGY TO CONSERVE NATURE ON A LARGE SCALE, SUPPORTING WILDLIFE MOVEMENT IN OUR FRAGMENTED NATURAL WORLD. LAST YEAR, CLLC ADVANCED THIS EFFORT BY PROVIDING SCIENCE-BASED GUIDANCE TO DECISION MAKERS TO INFORM POLICIES AND PROJECTS. WE CONTINUE TO FOSTER COLLABORATION WITH PARTNERS AT THE FEDERAL, STATE, REGIONAL, AND COUNTY LEVELS TO IMPROVE POLICIES RELATED TO CONNECTIVITY AND CORRIDORS AND PROVIDE TECHNICAL ASSISTANCE TO HELP PLAN AND SECURE FUNDING FOR WILDLIFE CROSSING STRUCTURE PROJECTS. (SEE SCHEDULE O) |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | COO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | CSO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | SR. PROGRAM |
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| IRS990/MissionDesc | 0 | WE BRING SCIENCE, POLICY, AND PROVEN SOLUTIONS DIRECTLY TO COMMUNITIES WORKING TO RESTORE THE INTEGRITY AND NATURAL CONNECTIVITY OF THE LANDSCAPES IN WHICH THEY LIVE. (SEE SCHEDULE O) |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | BUILDING CONSERVATION NETWORKS PROGRAM CLLC HOLDS LEADERSHIP ROLES FOR THE NETWORK FOR LANDSCAPE CONSERVATION (NLC) AND THE UNITED STATES BIOSPHERE NETWORK (USBN), SERVING AS THEIR HOST AND FISCAL SPONSOR. THROUGH THESE NETWORKS, WE SUPPORT THOUSANDS OF SCIENTISTS, POLICYMAKERS, AND COMMUNITY LEADERS BY SHARING EXPERIENCE AND EXPERTISE AND FACILITATING REGIONAL AND INTERNATIONAL COLLABORATIONS. CLLC ALSO PROVIDES STRATEGIC COUNSEL, INFRASTRUCTURE, AND ORGANIZATIONAL MANAGEMENT, ALLOWING NETWORK STAFF AND MEMBERS TO FOCUS ON ENGAGING AND EMPOWERING LANDSCAPE CONSERVATION PRACTITIONERS GLOBALLY.(SEE SCHEDULE O) |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | THE INTERNATIONAL CONNECTIVITY PROGRAM WORKS COLLABORATIVELY WITH GLOBAL PARTNERS IN KEY BIODIVERSITY AREAS TO PROTECT LANDSCAPES FROM FRAGMENTATION BY IMPLEMENTING CONNECTIVITY CONSERVATION POLICY AND PRACTICE, LEADING TO LONG-TERM CONSERVATION OUTCOMES. WE BELIEVE THAT PROTECTED AREAS FUNCTION BEST WHEN THEY ARE CONNECTED AT THE LANDSCAPE SCALE, ENSURING WILDLIFE MOVEMENT AND THRIVING ECOLOGICAL PROCESSES. THROUGH OUR LEADERSHIP OF THE IUCN CONNECTIVITY CONSERVATION SPECIALIST GROUP (CCSG), WE ARE OPERATING SEVERAL INTERNATIONAL WORKING GROUPS OF PROFESSIONALS-SUCH AS THE ASIAN ELEPHANT TRANSPORT WORKING GROUP AND THE MARINE CONNECTIVITY WORKING GROUP-DEVELOPING MECHANISMS TO PROTECT LINKAGE AREAS THAT MAINTAIN ECOLOGICAL CONNECTIVITY AROUND THE WORLD. (SEE SCHEDULE O) |
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | ADVANCING CONSERVATION SCIENCE SCIENTISTS AT CLLC ARE INCREASINGLY CALLED UPON TO ASSIST COUNTRY GOVERNMENTS IN PLANNING FOR, PRESERVING, AND INCREASING ECOLOGICAL CONNECTIVITY LONG-TERM. IN FY25, CLLC DEVELOPED THE TRANSBOUNDARY CORRIDOR ATLAS FOR THE SOUTHERN KENYA-NORTHERN TANZANIA (SOKNOT) LANDSCAPE. THE ATLAS IS A COMPREHENSIVE RESOURCE SUPPORTING CONSERVATION OF THE ICONIC REGION'S IMPORTANT ECOSYSTEMS AND SPECTACULAR WILDLIFE. IT CONTAINS ASSESSMENTS OF 24 WILDLIFE CORRIDORS AND RECOMMENDATIONS ON HOW TO BEST CONSERVE THEM ALONG WITH BASELINE DATA TO HELP MEASURE HABITAT CONNECTIVITY OVER TIME. THE ATLAS SERVES AS AN ESSENTIAL TOOL FOR POLICYMAKERS AND PRACTITIONERS TO TAKE ACTION THAT WILL AVOID THE SEVERE CONSEQUENCES OF FRAGMENTATION OF CORRIDORS THAT COULD AFFECT BOTH WILDLIFE AND COMMUNITIES. A GLOBAL TEAM OF LEADING CONNECTIVITY SCIENTISTS LED BY THE CLLC SCIENCE TEAM IS DEVELOPING PRACTICAL GUIDANCE TO HELP THE 193 UN SIGNATORY COUNTRIES MEASURE HOW "WELL-CONNECTED" THEIR PROTECTED AREA SYSTEMS ARE, AS CALLED FOR IN THE KUNMING-MONTREAL GLOBAL BIODIVERSITY FRAMEWORK. PROPELLING THE "WELL-CONNECTED INITIATIVE," THE GROUP ESTABLISHED A TWO- PART WORK PLAN DURING A JANUARY 2025 WORKSHOP. THE FIRST PROJECT TESTED AND IDENTIFIED KEY INDICATORS THAT EFFECTIVELY MEASURE CONNECTIVITY ACROSS SIMULATED LANDSCAPES. THESE INDICATORS WILL HELP MEASURE EFFECTIVE CONNECTIVITY, SUPPORTING COUNTRIES IN ACHIEVING THE FRAMEWORK'S GOAL OF CONSERVING AT LEAST 30% OF THE PLANET THROUGH ECOLOGICALLY REPRESENTATIVE AND CONNECTED, PROTECTED, AND CONSERVED AREAS BY 2030. THE COMPLETED PROJECT WILL RESULT IN A PUBLISHED, PEER-REVIEWED PAPER AND LIKELY INTERNATIONAL ADOPTION OF THESE GLOBALLY APPLICABLE INDICATORS. AS PART OF THE COLLABORATIVE WILDLIFE CONNECT INITIATIVE TO CONNECT KEY LANDSCAPES ON FOUR CONTINENTS, OUR STAFF LED A WORKSHOP IN BORNEO IN JUNE 2025. WITH BORNEAN GOVERNMENT OFFICIALS AND CONSERVATION PRACTITIONERS IN ATTENDANCE, THE WORKSHOP AIMED TO IDENTIFY THE MOST IMPORTANT ECOLOGICAL CORRIDORS TO CONSERVE IN THE COUNTRY AND TO FOSTER COLLABORATION. PARTICIPANTS PRODUCED A CONSENSUS LIST OF "MUST SECURE" CORRIDORS BASED ON SCIENTIFIC ANALYSES AND EXPERT OPINION FROM CLLC STAFF AND DEVELOPED PROFILES FOR EACH OUTLINING CONSERVATION STRATEGIES. |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MANAGEMENT BELIEVES THAT THE CENTER 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 CENTER 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. |
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