Civic Intelligence

Childfund International USA

EIN 54-0536100 • 501(c)3 • Richmond, VA

Profile

Protecting and advancing the worth and the rights of children. Childfund believes that the well-being of all children leads to the well-being of the world; we empower children to thrive throughout all stages of life and become leaders of enduring change. Childfund programs reach infants, children and youth, including their parents and families.

2821 Emerywood ParkwayRichmond, VA 23294-3726

www.childfund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.06x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

13th percentile

0.06x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

48th percentile

4.1%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

49th percentile

$480,682

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

48th percentile

5.3%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

27th percentile

0.1%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$173,081,737

Up $17,742,734 (+11%) from 2022

Liabilities

Down

$14,456,965

Down $3,758,575 (-21%) from 2022

Net Assets

Up

$158,624,772

Up $21,501,309 (+16%) from 2022

Revenue

Down

$194,133,779

Down $5,428,364 (-2.7%) from 2022

Expenses

Down

$190,211,998

Down $3,969,190 (-2.0%) from 2022

Net Income

Down

$3,921,781

Down $1,459,174 (-27%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2011: $101,401,580Liabilities 2011: $20,537,051Net Assets 2011: $80,864,5292011Assets 2012: $105,002,905Liabilities 2012: $27,203,970Net Assets 2012: $77,798,9352012Assets 2013: $106,151,696Liabilities 2013: $24,183,085Net Assets 2013: $81,968,6112013Assets 2014: $117,101,446Liabilities 2014: $26,560,902Net Assets 2014: $90,540,5442014Assets 2015: $116,185,286Liabilities 2015: $29,605,234Net Assets 2015: $86,580,0522015Assets 2016: $124,918,487Liabilities 2016: $42,648,087Net Assets 2016: $82,270,4002016Assets 2017: $130,029,726Liabilities 2017: $34,622,489Net Assets 2017: $95,407,2372017Assets 2018: $127,110,485Liabilities 2018: $28,575,845Net Assets 2018: $98,534,6402018Assets 2019: $127,737,717Liabilities 2019: $28,243,588Net Assets 2019: $99,494,1292019Assets 2020: $144,391,272Liabilities 2020: $27,878,961Net Assets 2020: $116,512,3112020Assets 2021: $164,998,809Liabilities 2021: $17,916,761Net Assets 2021: $147,082,0482021Assets 2022: $155,339,003Liabilities 2022: $18,215,540Net Assets 2022: $137,123,4632022Assets 2023: $173,081,737Liabilities 2023: $14,456,965Net Assets 2023: $158,624,7722023

Highlighted filing

2023

Assets$173,081,737
Liabilities$14,456,965
Net Assets$158,624,772

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0-$100MExpenses 2011: $216,184,1382011Expenses 2012: $226,456,0822012Expenses 2013: $239,297,1152013Revenue 2014: $235,857,277Expenses 2014: $229,406,389Net Income 2014: $6,450,8882014Revenue 2015: $232,122,535Expenses 2015: $232,027,895Net Income 2015: $94,6402015Revenue 2016: $207,631,954Expenses 2016: $207,663,749Net Income 2016: -$31,7952016Revenue 2017: $204,709,820Expenses 2017: $198,375,886Net Income 2017: $6,333,9342017Revenue 2018: $202,637,391Expenses 2018: $203,837,342Net Income 2018: -$1,199,9512018Revenue 2019: $196,018,983Expenses 2019: $192,070,927Net Income 2019: $3,948,0562019Revenue 2020: $197,595,976Expenses 2020: $183,026,081Net Income 2020: $14,569,8952020Revenue 2021: $203,277,969Expenses 2021: $190,747,008Net Income 2021: $12,530,9612021Revenue 2022: $199,562,143Expenses 2022: $194,181,188Net Income 2022: $5,380,9552022Revenue 2023: $194,133,779Expenses 2023: $190,211,998Net Income 2023: $3,921,7812023

Highlighted filing

2023

Revenue$194,133,779
Expenses$190,211,998
Net Income$3,921,781

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$173$14.5$159$194$190$3.92
2022Summary only. Only limited summary data is available for this year.$155$18.2$137$200$194$5.38
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$165$17.9$147$203$191$12.5
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$27.9$117$198$183$14.6
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$28.2$99.5$196$192$3.95
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$28.6$98.5$203$204$1.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$34.6$95.4$205$198$6.33
2016Detailed filing. Detailed filing data is available for this year.$125$42.6$82.3$208$208$0.03
2015Detailed filing. Detailed filing data is available for this year.$116$29.6$86.6$232$232$0.09
2014Detailed filing. Detailed filing data is available for this year.$117$26.6$90.5$236$229$6.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$24.2$82.0$239
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$27.2$77.8$226
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$20.5$80.9$216
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 22, 2022
Return Version
2020v4.1
Gross Receipts
$219,472,825
Mission and Program Overview

Mission

Childfund's mission is to help deprived, excluded and vulnerable children have the capacity to become young adults, parents and leaders who bring lasting and positive change to their communities, and to promote societies whose individuals and institutions participate in valuing, protecting and advancing the worth and the rights of children.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$55,726,864$65,008,014▲ $9,281,150
Cash and Non-Interest-Bearing Accounts$26,146,143$33,376,899▲ $7,230,756
Land, Buildings, and Equipment, Net$29,231,200$28,698,467▼ $532,733
Investments Other Securities$5,793,711$10,536,174▲ $4,742,463
Accounts Receivable$9,906,277$7,072,747▼ $2,833,530
Prepaid Expenses and Deferred Charges$3,542,435$3,514,063▼ $28,372
Pledges and Grants Receivable$486,037$2,917,304▲ $2,431,267
Inventories for Sale or Use$3,416,814$1,459,825▼ $1,956,989
Savings and Temporary Cash Investments$456,424$510,828▲ $54,404
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
Loans From Officers Directors$0$0→ $0
Total Assets$144,391,272$164,998,809▲ $20,607,537
Other Assets Total$9,685,367$11,904,488▲ $2,219,121
Liabilities
Grants Payable$8,952,870$7,474,988▼ $1,477,882
Accounts Payable and Accrued Expenses$2,610,722$4,691,845▲ $2,081,123
Unsecured Notes Loans Payable$8,379,433$3,520,834▼ $4,858,599
Other Liabilities$7,935,936$2,229,094▼ $5,706,842
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$27,878,961$17,916,761▼ $9,962,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,126,343$76,024,931▲ $29,898,588
Net Assets With Donor Restrictions$70,385,968$71,057,117▲ $671,149
Total Net Assets Fund Balance$116,512,311$147,082,048▲ $30,569,737
Total Liabilities and Net Assets / Fund Balance$144,391,272$164,998,809▲ $20,607,537

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,609,999$16,052,480$31,662,479
Buildings$8,830,095$11,535,468$20,365,563
Other Land Buildings$3,112,246$6,175,554$9,287,800
Land$1,146,127-$1,146,127
Other Assets Org$73,510--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$18,231,477$354,516▲ $5,774,224$373,603$23,970,160
2019$16,993,506$964,421▲ $361,067$74,817$18,231,477
2018$15,589,958$582,925▲ $959,645$126,424$16,993,506
2017$14,538,016$6,092▲ $1,142,890$81,982$15,589,958
2016$12,903,681$180▲ $1,676,025$31,821$14,538,016
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne GoddardPresdentFT$396,195$42,084$438,279
James TuiteVice President/CFOFT$245,584$45,934$291,518
Adam HicksChief Dev & Mktg OfficerFT$230,350$42,273$272,623
Naomi RutherbergVP, Programs & PartnershipsFT$219,492$43,615$263,107
Scott ShermanVP, Global Human ResourcesFT$208,114$38,806$246,920
Paul BodeVP of Global OperationFT$213,969$31,073$245,042
Jeremy WilletSponsor AmbassadorFT$204,605$37,534$242,139

Board Members and Trustees

NameTitle
Lyn McDermidChairperson
Ed GrierFormer Chairperson
Sarah GreenVice Chairperson
B J ArunDirector
Daphne Maxwell ReidDirector
Enrique Mayor-MoraDirector
Esther KestenbaumDirector
Geremie SawadogoDirector
Helen ThompsonDirector
James A CarletonDirector
Makola M Abdullah PhDDirector
Miguel ZepedaDirector
Pamela YeeDirector
R Wheatley McDowellDirector
Ravi NarulaDirector
Shailendra GhorpadeDirector
Tamar Manuelyan AtincDirector
Aaron WilliamsMember-at-Large
Ayesha KhannaMember-at-Large
John B AdamsMember-at-Large
Cassie LandersSeretary

Highest Paid Contractors

ContractorServicesLocationCompensation
IsandboxDirect Marketing5310 MARKEL ROAD SUITE 116, Richmond, VA 23230, Ca$2,860,146
Society Etc LtdDigital Marketing7106 CROSSROADS BOULEVARD, Brentwood, VA 37027$2,228,734
Thriving Children Advocates LLCLive FundraisingSUITE 300, San Diego, CA 92101$2,114,985
Britevox INCFace to Face Fundr.3310 WEST END AVENUE, Nashville, TN 37203$1,957,999
Ld Road INCLive Fundraising-$1,871,266
Revenue and Support

Revenue Composition

Contributions and Grants
$197,089,235
Program Service Revenue
$807,854
Investment Income
$4,911,322
Other Revenue
$469,558
All Other Contributions
$191,861,158
Change in Net Assets
$12,530,961

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
Drugs and Medical Supplies10$14,409,421Discounted Fair Market Value (FMV)
Clothing and Household Goods-$1,922,178Discounted Fair Market Value (FMV)
Books and Publications-$166,749Discounted Fair Market Value (FMV)
Total Noncash Contributions10$16,498,348-

Audited Revenue Reconciliation

Revenue per Audited Statements
$203,416,823
Revenue Not Reported on Financial Statements
$-138,854
Revenue Not Reported on Form 990
$44,089,755
Other Revenue Adjustments
$-255,486
Total Revenue per Audited Statements
$247,506,578
Total Revenue per Form 990
$203,277,969
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$120,811,070
Salaries, Compensation, and Employee Benefits$31,404,552
Other Expenses$25,908,507
Total Fundraising Expense$25,731,049
Professional Fundraising Fees$12,622,879

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$119,603,449--$119,603,449
Other Salaries and Wages$10,545,160$6,814,264$4,142,059$21,501,483
Fees for Services Professional Fundraising--$12,622,879$12,622,879
Fees for Services Other$4,155,478$2,400,635$3,977,983$10,534,096
Other Employee Benefits$2,992,677$1,151,961$527,880$4,672,518
Depreciation Depletion$2,586,816$832,002$169,364$3,588,182
Information Technology$415,119$1,926,568$196,759$2,538,446
Pension Plan Contributions$1,180,544$1,013,011$328,164$2,521,719
Other Expenses$429,688$1,576,270$386,022$2,391,980
Advertising$87,737$24,722$1,945,679$2,058,138
Payroll Taxes$1,178,713$525,003$273,586$1,977,302
Office Expenses$349,774$670,554$724,951$1,745,279
Occupancy$828,139$353,890$305,997$1,488,026
Grants to Domestic Orgs$1,207,621--$1,207,621
Comp Disqual Persons-$731,530-$731,530
Payments to Affiliates-$489,839-$489,839
Fees for Services Legal$100,786$181,110$375$282,271
Travel$128,101$15,579$91,574$235,254
Interest$127,072$44,268-$171,340
Fees for Services Accounting$96,284$72,425-$168,709
Fees for Service Investment Mgmnt Fees-$116,632-$116,632
Conferences and Meetings$53,694$8,844$30,547$93,085
Fees for Services Management--$7,230$7,230
Total Functional Expenses$146,066,852$18,949,107$25,731,049$190,747,008

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$216,936,840
Expenses per Audited Statements$190,885,862
Total Expenses per Form 990$190,747,008
Expenses Not Reported on Form 990$26,050,978
Expenses Not Reported on Financial Statements$-138,854
Other Expense Adjustments$-255,486
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Operation ShoestringJackson, MS501(c)(3)See Part V$69,611

International Summary

Offices
22
Employees
914
Spending
$157,316,767

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmakingSee Part V00$60,250,524
East Asia and the PacificGrantmaking---$19,604,978
East Asia and the PacificInvestments---$16,693,567
South AmericaGrantmakingSee Part V00$13,240,947
Central America and the CaribbeanGrantmaking-3156$11,529,233
South AsiaGrantmaking---$10,856,863
Central America and the CaribbeanInvestmentsSee Part V156$7,450,247
North AmericaGrantmaking---$4,350,808
Sub-Saharan AfricaProgram ServicesSee Part V9389$4,034,445
East Asia and the PacificProgram Services---$3,031,490
South AmericaProgram ServicesSee Part V3114$2,681,922
Central America and the CaribbeanProgram ServicesSee Part V3123$1,132,459
South AsiaProgram Services---$912,402
South AsiaInvestments---$781,905
North AmericaProgram Services-376$754,357
Central America and the CaribbeanInvestments---$10,620
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$12,622,879
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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
Accrued Benefit Liability$2,229,094
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
No
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 2A:

Ed walker, wheat mcdowell, tom deline and sally green have a business relationship.

FORM 990, PART VI, SECTION B, LINE 11B:

The 990 is reviewed by our controller, cfo, an independent tax consultant, and member of the board of directors before it is filed with the irs.

FORM 990, PART VI, SECTION B, LINE 12C:

THE BOARD OF DIRECTORS, PRESIDENT, AND VICE PRESIDENTS ARE REQUIRED TO ANNUALLY REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND COMPLETE A DISCLOSURE STATEMENT REQUIRES DISCLOSURE OF ANY RELATIONSHIP OR ACTIVITY WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. BOARD MEMBERS ARE ALSO REQUIRED TO PROMPTLY UPDATE THEIR DISCLOSURE STATEMENT WITH NEW RELATIONSHIPS OR ACTIVITIES WHICH MAY CONSTITUTE A CONFLICT OF INTEREST. Disclosures made are reviewed by the Audit Committee in consultation with General Counsel and actions are taken to avoid potential or actual conflict. The full BOD are made aware of any potential or actual conflicts. MEMBERS OF STAFF ARE REQUIRED TO RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AND COMPLETE A DISCLOSURE STATEMENT WHEN HIRED. NON-KEY EMPLOYEES ARE REQUIRED TO PROMPTLY DISCLOSE TO THEIR SUPERVISOR AS SOON AS THEY BECOME AWARE OF A CONFLICT, POTENTIAL CONFLICT OR APPEARANCE OF A CONFLICT. MANAGEMENT IN CONSULTATION WITH THE ASSURANCE DEPARTMENT REVIEWS THE DISCLOSURE AND TAKES ACTION TO AVOID POTENTIAL OR ACTUAL CONFLICT.

FORM 990, PART VI, SECTION B, LINE 15A:

Childfund provided external market data for compensation benchmarks to the board compensation committee for review for the ceo in richmond, va. The committee is independent, and their decisions are documented in board minutes.

FORM 990, PART VI, SECTION C, LINE 19:

Childfund's conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d). Annual reports and financial statements are available on the organization's website.

FORM 990, PART VII, SECTION A, LINE 1A:

On a full transparency posture, childfund has elected to include all "other compensation" in column f, regardless of amount.

Filing and Contact Details

Filer

Filer Name
Childfund International USA
EIN
54-0536100
In Care Of
% JAMES TUITE
Phone
8047562700
Address
2821 Emerywood Parkway, Richmond, VA 23294-3726

Signing Officer

Name
James Tuite
Title
VP Finance & CFO
Phone
8047562700
Signed
2022-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Tuite
Formed
1938
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
205
Volunteers
21

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, DESCRIPTION OF ORGANIZATION MISSION:

To help deprived, excluded and vulnerable children living in poverty have the capacity to become young adults, parents and leaders who bring lasting and positive change to their communities, and to promote societies whose individuals and institutions participate in valuing, protecting and advancing the worth and the rights of children. Childfund programs reach an estimated 36 million infants, children, youth and parent's annually.

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

Micro-enterprise development: childfund equips caregivers and youth to successfully support themselves and their family. Our support for economic strengthening links parents and caregivers to available services that support livelihoods security and financial literacy so that they can consistently ensure access to health and learning and strengthen protective environments for children. As adolescents and youth prepare to support themselves, childfund supports youth livelihood development with a focus on skills training (including life skills), preparation for employment, and guidance on business development, leadership development and civic engagement. Expenses $ 22,684,905. Incl grants of $ 19,156,785. Revenue $ 128,100. Early childhood development: childfund is committed to effective programs that promote child development and secure infants and young children, early childhood development and protection services include parenting education and support groups home based outreach to support and promote child development, and preschool services in community managed centers. Expenses $ 18,067,979. Incl grants of $ 13,227,190. Revenue $ 88,449. Nutrition: childfund international promotes interventions that impact young children and mothers. These practical measures include nutrition education and promotion, micronutrient supplementation, parasite control measures, and situation specific household food security interventions, including cash and voucher assistance. Expenses $ 8,269,883. Incl grants of $ 6,729,850. Revenue $ 45,002.

FORM 990, PART V, LINE 4B, LIST OF FOREIGN COUNTRIES:

Bolivia, ecuador, ethiopia, guatemala, guinea, honduras, india, indonesia, kenya, mozambique, panama, philippines, senegal, sierra leone, sri lanka, thailand, the gambia, uganda, zambia.

FORM 990, PART XI, LINE 9:

Change in accrued benefit liability 5,635,174 change in value of trust 2,219,120 change in value split interest cga (75,149) ______________ total to part xi, line 2d 7,779,145

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

Financial Statement Notes

SCHEDULE D, PART V, LINE 4:

Childfund has several endowments which include assets of donor-restricted funds that the organization must hold in perpetuity or for a donor-specified period, as well as board-designated funds, investment gains and yields on the invested principal area used to provide food, education, basic health care, scholarships, and program support beyond the reach of traditional sponsorship funding.

SCHEDULE D, PART X, LINE 2:

Management evaluated childfund's tax positions and concluded childfund had taken no uncertain tax positions that require adjustment to the financial statements to comply with u.s. Gaap. With few exceptions, childfund is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities for years before 2017.

SCHEDULE D, PART XI, LINE 2D:

Change in accrued benefit liability 5,635,174 change in value of trust 2,219,121 change in value split interest cga (75,149) ______________ total to part xi, line 2d 7,779,146

SCHEDULE D, PART XI, LINE 4B:

Rental expense included on part viii, line 6b ($255,486)

SCHEDULE D, PART XII, LINE 4B:

Rental expense included on part viii, line 6b ($255,486)

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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0133615
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt018378906
IRS990/GrossReceiptsAmt0219472825
IRS990/GrossRentsGrp/RealAmt0508715
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true

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