Civic Intelligence

Bethesda Terrace

990 • Fiscal year 2014 • EIN 36-3355337

Oct 01, 2013 to Sep 30, 2014 • Filed on May 05, 2015

901 SE Willmar Avenue56201

(320) 235-9532

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

100th percentile

207%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$150,905

Higher top officer pay than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

4th percentile

-75%

Faster asset growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$107,727

Down $317,623 (-75%) from 2013

Net Assets

Down

$107,615

Down $64,702 (-38%) from 2013

Liabilities

Down

$112

Down $252,921 (-100%) from 2013

Revenue

-$33,037

No earlier filing loaded for comparison.

Expenses

Down

$35,430

Down $2,757 (-7.2%) from 2013

Net Income

-$68,467

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $499,123Liabilities 2010: $386,488Net Assets 2010: $112,6352010Assets 2011: $434,490Liabilities 2011: $322,646Net Assets 2011: $111,8442011Assets 2012: $470,233Liabilities 2012: $320,663Net Assets 2012: $149,5702012Assets 2013: $425,350Liabilities 2013: $253,033Net Assets 2013: $172,3172013Assets 2014: $107,727Liabilities 2014: $112Net Assets 2014: $107,6152014Assets 2015: $103,453Liabilities 2015: $451Net Assets 2015: $103,0022015

Highlighted filing

2014

Assets$107,727
Liabilities$112
Net Assets$107,615

Operations Trend

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

$50K$0-$50K-$100KExpenses 2010: $32,7902010Expenses 2011: $38,8772011Expenses 2012: $38,2442012Expenses 2013: $38,1872013Revenue 2014: -$33,037Expenses 2014: $35,430Net Income 2014: -$68,4672014Revenue 2015: $1,865Expenses 2015: $5,375Net Income 2015: -$3,5102015

Highlighted filing

2014

Revenue-$33,037
Expenses$35,430
Net Income-$68,467
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
May 5, 2015
Return Version
2013v4.0
Gross Receipts
$30,904
Mission and Program Overview

Mission

We daily seek to earn your trust through excellent service by creating quality health, housing and home based choices primarily for older adults.

To support churches in promoting housing facilities and services for the elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$338,370$90,619▼ $247,751
Land, Buildings, and Equipment, Net$65,197$0▼ $65,197
Cash and Non-Interest-Bearing Accounts$19,555$15,400▼ $4,155
Prepaid Expenses and Deferred Charges$2,228$1,708▼ $520
Total Assets$425,350$107,727▼ $317,623
Liabilities
Accounts Payable and Accrued Expenses$298--
Other Liabilities$252,735$112▼ $252,623
Total Liabilities$253,033$112▼ $252,921
Net Assets / Fund Balance
Unrestricted Net Assets$172,317$107,615▼ $64,702
Total Net Assets Fund Balance$172,317$107,615▼ $64,702
Total Liabilities and Net Assets / Fund Balance$425,350$107,727▼ $317,623
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Michelle HaefnerCEOPT$118,607$118,607
Alana ZiehlDirector of AccountingPT$86,132$86,132

Board Members and Trustees

NameTitle
Larry KnutsonBoard Chair
Carole VennerstromBoard Member/past Vice Chair
Carla LagerstedtVice Chair
Ray PoageBoard Member
Richard LarsonBoard Member
Steve RenquistBoard Member
Ted OlsonBoard Member
Vivian OlsenBoard Member
Richard FalkBoard Member Thru June 2014
Karen SchuelerBoard Member/past Secretary
Mona DoeringBoard Member/past Treasurer
Doug DewaneCEO Thru September 2014
Karol MarkfelderSecretary
Marlin HenjumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,870
Investment Income
$-47,907
Other Revenue
$0
Change in Net Assets
$-68,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,874
Salaries, Compensation, and Employee Benefits$1,556
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$12,119$512-$12,631
Occupancy$11,969$506-$12,475
Fees for Services Accounting-$2,909-$2,909
Fees for Service Investment Mgmnt Fees-$1,726-$1,726
Other Salaries and Wages-$1,556-$1,556
Other Expenses$953$40-$993
Insurance$614$26-$640
Total Functional Expenses$25,655$9,775$0$35,430
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$112
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The organization has an executive committee which consists of the officers of the board of directors and one additional board member. This committee only acts in the interval between meetings of the board of directors and at all times is subject to the control and direction of the full board of directors.

Form 990, Part VI, Section A, Line 6

The organization has one class of membership. Membership consists of congregations of christian churches which have applied for memberhsip and are approved by the board of directors. It also consists of individual members who are in good standing at the time of the adoption of the bylaws, and additional individual members who are members and are in good standing of any christian church congregation. Their membership must be approved by the board of directors. Each congregation shall be entitled to three voting delegates. Congregations with more than 500 confirmed members will be entitled to four voting delegates.

Form 990, Part VI, Section A, Line 7A

Each delegate is entitled to one vote at all annual meetings on the election of the board members.

Form 990, Part VI, Section A, Line 7B

Amendments to the bylaws must be approved by the affirmative vote of the majority of the total combined voting delegates and indivivual members of the corporation.

Form 990, Part VI, Section B, Line 11

The ceo and director of accounting will review the form 990. The final form 990 will be emailed to the board prior to a board meeting where at this time the board will have the final approval of the form 990.

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

The conflict of interest policy covers the key employees and board of directors. The ceo reviews the annual disclosures for conflicts and detemines if one exists. If a conflict of interest exists, that individual must abstain from voiting on the item in conflict.

Form 990, Part VI, Section C, Line 19

The organization makes it's governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
36-3355337
Phone
3202359532

Signing Officer

Name
Michelle Haefner
Title
CEO
Phone
3202145603
Signed
2015-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Haefner
Formed
1985
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Preparer
Kacie Mcewen
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

During 2014, bethesda terrace discontinued its operations. The facility was demolished and the land is being used to expand pleasant view care center.

Financial Statement Notes

PART X, LINE 2:

Fin 48 disclosure: the corporation has been recognized by the internal revenue service as exempt from federal income taxes under internal revenue code section 501(c)(3); accordingly, no provision for income taxes has been made in the accompanying financial statements. The corporation's annual tax filings are subject to review by federal, state, and local authorities. The corporation is not aware of any activities that would jeopardize its tax on unrelated business income or excise taxes. The tax filings for the years 2011 - 2013 are open to examination by federal, local or state authorities.

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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03765
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0506
IRS990/OccupancyGrp/ProgramServicesAmt011969
IRS990/OccupancyGrp/TotalAmt012475
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MOVING EXPENSE
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt140
IRS990/OtherExpensesGrp/ProgramServicesAmt0953
IRS990/OtherExpensesGrp/TotalAmt02500
IRS990/OtherExpensesGrp/TotalAmt1993
IRS990/OtherLiabilitiesGrp/BOYAmt0252735
IRS990/OtherLiabilitiesGrp/EOYAmt0112
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01556
IRS990/OtherSalariesAndWagesGrp/TotalAmt01556
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02228
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01708
IRS990/PrincipalOfficerNm0MICHELLE HAEFNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014870
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022185
IRS990/PYOtherExpensesAmt036505
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt039110
IRS990/PYRevenuesLessExpensesAmt023108
IRS990/PYSalariesCompEmpBnftPaidAmt01682
IRS990/PYTotalExpensesAmt038187
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt061295
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-68467
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt014870
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0REGISTRATION FEES - 2010 AMOUNT: $ 3,500.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04657
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07232
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt023927
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014186
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09564
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt059566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014870
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt039110
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt024520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt028930
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt034090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0141520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04657
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07232
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt023927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014186
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09564
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt059566
IRS990ScheduleA/InvestmentIncomeCYPct00.29120
IRS990ScheduleA/InvestmentIncomePYPct00.29020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03500
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03500
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.69170
IRS990ScheduleA/PublicSupportPY509Pct00.68270
IRS990ScheduleA/PublicSupportTotal509Amt0141520
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt014870
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt039110
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt024520
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt028930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt034090
IRS990ScheduleA/Total509Grp/TotalAmt0141520
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt019527
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt046342
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt048447
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt046616
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt043654
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0204586
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 DISCLOSURE: THE CORPORATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION'S ANNUAL TAX FILINGS ARE SUBJECT TO REVIEW BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX ON UNRELATED BUSINESS INCOME OR EXCISE TAXES. THE TAX FILINGS FOR THE YEARS 2011 - 2013 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL OR STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0112
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0142677
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04280
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03948
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUG DEWANE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO THRU SEPTEMBER 2014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0150905
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO IS COMPENSATED BY BETHESDA, A MINNESOTA NON-PROFIT RELATED ORGANIZATION. BETHESDA USES THE FOLLOWING TO ESTABLISH THE CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. COMPENSATION SURVEY 5. APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 2014, BETHESDA TERRACE DISCONTINUED ITS OPERATIONS. THE FACILITY WAS DEMOLISHED AND THE LAND IS BEING USED TO EXPAND PLEASANT VIEW CARE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE WHICH CONSISTS OF THE OFFICERS OF THE BOARD OF DIRECTORS AND ONE ADDITIONAL BOARD MEMBER. THIS COMMITTEE ONLY ACTS IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND AT ALL TIMES IS SUBJECT TO THE CONTROL AND DIRECTION OF THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. MEMBERSHIP CONSISTS OF CONGREGATIONS OF CHRISTIAN CHURCHES WHICH HAVE APPLIED FOR MEMBERHSIP AND ARE APPROVED BY THE BOARD OF DIRECTORS. IT ALSO CONSISTS OF INDIVIDUAL MEMBERS WHO ARE IN GOOD STANDING AT THE TIME OF THE ADOPTION OF THE BYLAWS, AND ADDITIONAL INDIVIDUAL MEMBERS WHO ARE MEMBERS AND ARE IN GOOD STANDING OF ANY CHRISTIAN CHURCH CONGREGATION. THEIR MEMBERSHIP MUST BE APPROVED BY THE BOARD OF DIRECTORS. EACH CONGREGATION SHALL BE ENTITLED TO THREE VOTING DELEGATES. CONGREGATIONS WITH MORE THAN 500 CONFIRMED MEMBERS WILL BE ENTITLED TO FOUR VOTING DELEGATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DELEGATE IS ENTITLED TO ONE VOTE AT ALL ANNUAL MEETINGS ON THE ELECTION OF THE BOARD MEMBERS.

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