Civic Intelligence

Washington Monthly Institute

EIN 80-0434806 • 501(c)3 • Washington, DC

Profile

Dedicated to increasing public knowledge through washington monthly magazine and website www.washingtonmonthly.com published since 1969, the print magazine is the country's most important watchdog of american government, focusing on what's wrong and how to fix it.

1800 M St NW Front 1 Unit 33059Washington, DC 20036

www.washingtonmonthly.com

Siviq Scores

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

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.21x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

79th percentile

28%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$147,667

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

86th percentile

33%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

195%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,123,063

Up $528,869 (+33%) from 2023

Liabilities

Down

$437,548

Down $56,581 (-11%) from 2023

Net Assets

Up

$1,685,515

Up $585,450 (+53%) from 2023

Revenue

Up

$2,075,875

Up $1,372,807 (+195%) from 2023

Expenses

Up

$1,490,425

Up $8,025 (+0.5%) from 2023

Net Income

Up

$585,450

Up $1,364,782 (+175%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $384,478Liabilities 2011: $174,006Net Assets 2011: $210,4722011Assets 2012: $485,404Liabilities 2012: $201,571Net Assets 2012: $283,8332012Assets 2013: $202,885Liabilities 2013: $211,238Net Assets 2013: -$8,3532013Assets 2014: $700,506Liabilities 2014: $212,916Net Assets 2014: $487,5902014Assets 2015: $527,286Liabilities 2015: $158,184Net Assets 2015: $369,1022015Assets 2016: $901,022Liabilities 2016: $189,177Net Assets 2016: $711,8452016Assets 2017: $628,822Liabilities 2017: $208,115Net Assets 2017: $420,7072017Assets 2018: $1,206,018Liabilities 2018: $137,031Net Assets 2018: $1,068,9872018Assets 2019: $908,495Liabilities 2019: $289,742Net Assets 2019: $618,7532019Assets 2020: $1,796,929Liabilities 2020: $356,463Net Assets 2020: $1,440,4662020Assets 2021: $1,544,284Liabilities 2021: $269,903Net Assets 2021: $1,274,3812021Assets 2022: $2,484,190Liabilities 2022: $604,793Net Assets 2022: $1,879,3972022Assets 2023: $1,594,194Liabilities 2023: $494,129Net Assets 2023: $1,100,0652023Assets 2024: $2,123,063Liabilities 2024: $437,548Net Assets 2024: $1,685,5152024

Highlighted filing

2024

Assets$2,123,063
Liabilities$437,548
Net Assets$1,685,515

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $554,2182011Revenue 2012: $1,507,309Expenses 2012: $1,433,948Net Income 2012: $73,3612012Revenue 2013: $1,086,684Expenses 2013: $1,378,870Net Income 2013: -$292,1862013Revenue 2014: $1,650,344Expenses 2014: $1,154,401Net Income 2014: $495,9432014Revenue 2015: $1,053,628Expenses 2015: $1,172,116Net Income 2015: -$118,4882015Revenue 2016: $1,628,613Expenses 2016: $1,285,870Net Income 2016: $342,7432016Revenue 2017: $1,219,182Expenses 2017: $1,510,320Net Income 2017: -$291,1382017Revenue 2018: $1,815,573Expenses 2018: $1,167,291Net Income 2018: $648,2822018Revenue 2019: $838,081Expenses 2019: $1,259,224Net Income 2019: -$421,1432019Revenue 2020: $2,050,595Expenses 2020: $1,228,882Net Income 2020: $821,7132020Revenue 2021: $1,245,294Expenses 2021: $1,411,379Net Income 2021: -$166,0852021Revenue 2022: $2,014,906Expenses 2022: $1,409,890Net Income 2022: $605,0162022Revenue 2023: $703,068Expenses 2023: $1,482,400Net Income 2023: -$779,3322023Revenue 2024: $2,075,875Expenses 2024: $1,490,425Net Income 2024: $585,4502024

Highlighted filing

2024

Revenue$2,075,875
Expenses$1,490,425
Net Income$585,450

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.12$0.44$1.69$2.08$1.49$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.49$1.10$0.70$1.48$0.78
2022Detailed filing. Detailed filing data is available for this year.$2.48$0.60$1.88$2.01$1.41$0.61
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.27$1.27$1.25$1.41$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.80$0.36$1.44$2.05$1.23$0.82
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.29$0.62$0.84$1.26$0.42
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.14$1.07$1.82$1.17$0.65
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.21$0.42$1.22$1.51$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.90$0.19$0.71$1.63$1.29$0.34
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.16$0.37$1.05$1.17$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.21$0.49$1.65$1.15$0.50
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.21$0.01$1.09$1.38$0.29
2012Summary only. Only limited summary data is available for this year.$0.49$0.20$0.28$1.51$1.43$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.17$0.21$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 4, 2025
Return Version
2024v5.0
Gross Receipts
$2,075,875
Mission and Program Overview

Mission

Dedicated to increasing public knowledge through washington monthly magazine and website www.washingtonmonthly.com. Published since 1969, the print magazine is the country's most important watchdog of american government, focusing on what's wrong and how to fix it.

Dedicated to increasing public knowledge through washington monthly magazine and website www.washingtonmonthly.com. The print magazine, in its 56th year, is the most important watchdog of american government being published today, diagnosing what's awry in washington and world affairs and how to fix it.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$796,018$1,013,618▲ $217,600
Accounts Receivable$8,700$361,700▲ $353,000
Investments in Publicly Traded Securities-$361,250-
Cash and Non-Interest-Bearing Accounts$347,491$43,551▼ $303,940
Land, Buildings, and Equipment, Net$55,161$41,084▼ $14,077
Prepaid Expenses and Deferred Charges$11,355$2,504▼ $8,851
Total Assets$1,594,194$2,123,063▲ $528,869
Other Assets Total$375,469$299,356▼ $76,113
Liabilities
Other Liabilities$440,611$353,609▼ $87,002
Deferred Revenue$42,498$50,031▲ $7,533
Accounts Payable and Accrued Expenses$11,020$33,908▲ $22,888
Total Liabilities$494,129$437,548▼ $56,581
Net Assets / Fund Balance
Net Assets With Donor Restrictions$406,811$1,177,096▲ $770,285
Net Assets Without Donor Restrictions$693,254$508,419▼ $184,835
Total Net Assets Fund Balance$1,100,065$1,685,515▲ $585,450
Total Liabilities and Net Assets / Fund Balance$1,594,194$2,123,063▲ $528,869

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$36,954$55,431$92,385
Equipment$4,130$88,115$92,245
Other Assets Org$6,416--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul GlastrisEditor in ChFT$147,667$147,667
Alice Gallin-dwyerDeputy DirecFT$100,000$100,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,793,525
Program Service Revenue
$240,203
Investment Income
$26,620
Other Revenue
$15,527
All Other Contributions
$1,793,525
Change in Net Assets
$585,450

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,075,875
Revenue Not Reported on Form 990
$2,970
Total Revenue per Audited Statements
$2,078,845
Total Revenue per Form 990
$2,075,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$825,297
Other Expenses$665,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$537,554$134,389-$671,943
Fees for Services Other$161,753$40,438-$202,191
Other Employee Benefits$76,514$19,128-$95,642
Occupancy$66,241$16,560-$82,801
Office Expenses$50,700$12,674-$63,374
Payroll Taxes$46,170$11,542-$57,712
Advertising$38,445$9,611-$48,056
Information Technology$34,929$8,732-$43,661
Fees for Services Accounting$26,960$6,740-$33,700
Depreciation Depletion$11,262$2,815-$14,077
Insurance$10,819$2,705-$13,524
Other Expenses$8,829$2,207-$11,036
Fees for Services Management$5,240$1,310-$6,550
Travel$1,237$309-$1,546
Fees for Services Legal$1,050$262-$1,312
All Other Expenses$-1,166,705$7,004-$-1,159,701
Total Functional Expenses$1,192,342$298,083$0$1,490,425

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,493,395
Expenses per Audited Statements$1,490,425
Total Expenses per Form 990$1,490,425
Expenses Not Reported on Form 990$2,970
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
Operating Lease Liability$353,609
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the board before filing.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Washington Monthly Institute
EIN
80-0434806
Phone
2029559010
Address
1800 M ST NW FRONT 1 UNIT 33059, WASHINGTON, DC 20036

Signing Officer

Name
Paul Glastris
Title
Editor in Chief
Phone
2029559010
Signed
2025-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Glastris
Formed
2010
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
5
Employees
10

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
150 S EAST ST STE 103, FREDERICK, MD 21701-6175
Preparer
Clint Lehman CPA
Phone
3012507400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Dedicated to increasing public knowledge through washington monthly magazine and website www.washingtonmonthly.com published since 1969, the print magazine is the country's most important watchdog of american government, focusing on what's wrong and how to fix it.

Form 990, Page 2, Part III, Line 4A

While small local newspapers and big digital outlets alike have continued to downsize, the washington monthly's media outlet is celebrating its 56th year of publication, still doing what fewer and fewer publications do today: telling fascinating, deeply reported groundbreaking stories about the problems preventing us from moving forward as a nation and providing the intellectual tools necessary to reform our government institutions and enhance their performance. No other outlet does a better job of looking at the ideas and characters that animate america's government, politics, and culture. Among the topics covered during 2024 again were: what to do about the increasing dominance of corporate goliaths; saving local journalism; reforming federal bureaucracies; congress and electoral reform; the people and ideas reshaping higher education; and vote-by-mail (a policy we have long advocated and championed);. The washington monthly institute's work garnered national attention - in the media, on social media, and on capitol hill, where we hand-deliver three copies of each issue of our print magazine. We also continue to publish the widely acclaimed college guide and rankings, featuring deeply reported articles on higher education for undergrads, adult learners, and certificate seeks. The guide's rankings of colleges and universities are based on each institution's ability to enroll and graduate students of modest means while fostering community service and research production. Since these rankings were first published in 2005 they have steadily grown in influence and public awareness. The washington monthly media outlet is known for having launched the careers of journalists who have risen to the pinnacle of the profession and continues to train young journalists who go on to populate the mainstream media. Featured stories and white papers highlight issues and frame arguments that are often picked up by other media outlets months or even years later, while our website (www.washingtonmonthly.com) provides online commentary and analysis that's informative, unique, and laser-focused on the challenging issues facing our democracy.

Form 990, Part IX, Line 11G

Casual labor 84,757 21,189 0 commissions 44,628 11,157 0 contractor fees 25,876 6,469 0 artists and photographers 2,972 743 0 editorial - freelance/blogger 3,520 880 0 total 161,753 40,438 0

Form 990, Part XI, Line 9

ROUNDING 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization complies with the provisions of financial accounting standards board codification topic accounting for uncertainty in income taxes. For the years ended december 31, 2024 and 2023, no unrecognized tax provision or benefit existed.

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IRS990/Desc0WHILE SMALL LOCAL NEWSPAPERS AND BIG DIGITAL OUTLETS ALIKE HAVE CONTINUED TO DOWNSIZE, THE WASHINGTON MONTHLY'S MEDIA OUTLET IS CELEBRATING ITS 56TH YEAR OF PUBLICATION, STILL DOING WHAT FEWER AND FEWER PUBLICATIONS DO TODAY: TELLING FASCINATING, DEEPLY REPORTED GROUNDBREAKING STORIES ABOUT THE PROBLEMS PREVENTING US FROM MOVING FORWARD AS A NATION AND PROVIDING THE INTELLECTUAL TOOLS NECESSARY TO REFORM OUR GOVERNMENT INSTITUTIONS AND ENHANCE THEIR PERFORMANCE. NO OTHER OUTLET DOES A BETTER JOB OF LOOKING AT THE IDEAS AND CHARACTERS THAT ANIMATE AMERICA'S GOVERNMENT, POLITICS, AND CULTURE. AMONG THE TOPICS COVERED DURING 2024 AGAIN WERE: WHAT TO DO ABOUT THE INCREASING DOMINANCE OF CORPORATE GOLIATHS; SAVING LOCAL JOURNALISM; REFORMING FEDERAL BUREAUCRACIES; CONGRESS AND ELECTORAL REFORM; THE PEOPLE AND IDEAS RESHAPING HIGHER EDUCATION; AND VOTE-BY-MAIL (A POLICY WE HAVE LONG ADVOCATED AND CHAMPIONED);. THE WASHINGTON MONTHLY INSTITUTE'S WORK GARNERED NATIONAL ATTENTION - IN THE MEDIA, ON SOCIAL MEDIA, AND ON CAPITOL HILL, WHERE WE HAND-DELIVER THREE COPIES OF EACH ISSUE OF OUR PRINT MAGAZINE. WE ALSO CONTINUE TO PUBLISH THE WIDELY ACCLAIMED COLLEGE GUIDE AND RANKINGS, FEATURING DEEPLY REPORTED ARTICLES ON HIGHER EDUCATION FOR UNDERGRADS, ADULT LEARNERS, AND CERTIFICATE SEEKS. THE GUIDE'S RANKINGS OF COLLEGES AND UNIVERSITIES ARE BASED ON EACH INSTITUTION'S ABILITY TO ENROLL AND GRADUATE STUDENTS OF MODEST MEANS WHILE FOSTERING COMMUNITY SERVICE AND RESEARCH PRODUCTION. SINCE THESE RANKINGS WERE FIRST PUBLISHED IN 2005 THEY HAVE STEADILY GROWN IN INFLUENCE AND PUBLIC AWARENESS. THE WASHINGTON MONTHLY MEDIA OUTLET IS KNOWN FOR HAVING LAUNCHED THE CAREERS OF JOURNALISTS WHO HAVE RISEN TO THE PINNACLE OF THE PROFESSION AND CONTINUES TO TRAIN YOUNG JOURNALISTS WHO GO ON TO POPULATE THE MAINSTREAM MEDIA. FEATURED STORIES AND WHITE PAPERS HIGHLIGHT ISSUES AND FRAME ARGUMENTS THAT ARE OFTEN PICKED UP BY OTHER MEDIA OUTLETS MONTHS OR EVEN YEARS LATER, WHILE OUR WEBSITE (WWW.WASHINGTONMONTHLY.COM) PROVIDES ONLINE COMMENTARY AND ANALYSIS THAT'S INFORMATIVE, UNIQUE, AND LASER-FOCUSED ON THE CHALLENGING ISSUES FACING OUR DEMOCRACY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION COMPLIES WITH THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION TOPIC ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, NO UNRECOGNIZED TAX PROVISION OR BENEFIT EXISTED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEDICATED TO INCREASING PUBLIC KNOWLEDGE THROUGH WASHINGTON MONTHLY MAGAZINE AND WEBSITE WWW.WASHINGTONMONTHLY.COM PUBLISHED SINCE 1969, THE PRINT MAGAZINE IS THE COUNTRY'S MOST IMPORTANT WATCHDOG OF AMERICAN GOVERNMENT, FOCUSING ON WHAT'S WRONG AND HOW TO FIX IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHILE SMALL LOCAL NEWSPAPERS AND BIG DIGITAL OUTLETS ALIKE HAVE CONTINUED TO DOWNSIZE, THE WASHINGTON MONTHLY'S MEDIA OUTLET IS CELEBRATING ITS 56TH YEAR OF PUBLICATION, STILL DOING WHAT FEWER AND FEWER PUBLICATIONS DO TODAY: TELLING FASCINATING, DEEPLY REPORTED GROUNDBREAKING STORIES ABOUT THE PROBLEMS PREVENTING US FROM MOVING FORWARD AS A NATION AND PROVIDING THE INTELLECTUAL TOOLS NECESSARY TO REFORM OUR GOVERNMENT INSTITUTIONS AND ENHANCE THEIR PERFORMANCE. NO OTHER OUTLET DOES A BETTER JOB OF LOOKING AT THE IDEAS AND CHARACTERS THAT ANIMATE AMERICA'S GOVERNMENT, POLITICS, AND CULTURE. AMONG THE TOPICS COVERED DURING 2024 AGAIN WERE: WHAT TO DO ABOUT THE INCREASING DOMINANCE OF CORPORATE GOLIATHS; SAVING LOCAL JOURNALISM; REFORMING FEDERAL BUREAUCRACIES; CONGRESS AND ELECTORAL REFORM; THE PEOPLE AND IDEAS RESHAPING HIGHER EDUCATION; AND VOTE-BY-MAIL (A POLICY WE HAVE LONG ADVOCATED AND CHAMPIONED);. THE WASHINGTON MONTHLY INSTITUTE'S WORK GARNERED NATIONAL ATTENTION - IN THE MEDIA, ON SOCIAL MEDIA, AND ON CAPITOL HILL, WHERE WE HAND-DELIVER THREE COPIES OF EACH ISSUE OF OUR PRINT MAGAZINE. WE ALSO CONTINUE TO PUBLISH THE WIDELY ACCLAIMED COLLEGE GUIDE AND RANKINGS, FEATURING DEEPLY REPORTED ARTICLES ON HIGHER EDUCATION FOR UNDERGRADS, ADULT LEARNERS, AND CERTIFICATE SEEKS. THE GUIDE'S RANKINGS OF COLLEGES AND UNIVERSITIES ARE BASED ON EACH INSTITUTION'S ABILITY TO ENROLL AND GRADUATE STUDENTS OF MODEST MEANS WHILE FOSTERING COMMUNITY SERVICE AND RESEARCH PRODUCTION. SINCE THESE RANKINGS WERE FIRST PUBLISHED IN 2005 THEY HAVE STEADILY GROWN IN INFLUENCE AND PUBLIC AWARENESS. THE WASHINGTON MONTHLY MEDIA OUTLET IS KNOWN FOR HAVING LAUNCHED THE CAREERS OF JOURNALISTS WHO HAVE RISEN TO THE PINNACLE OF THE PROFESSION AND CONTINUES TO TRAIN YOUNG JOURNALISTS WHO GO ON TO POPULATE THE MAINSTREAM MEDIA. FEATURED STORIES AND WHITE PAPERS HIGHLIGHT ISSUES AND FRAME ARGUMENTS THAT ARE OFTEN PICKED UP BY OTHER MEDIA OUTLETS MONTHS OR EVEN YEARS LATER, WHILE OUR WEBSITE (WWW.WASHINGTONMONTHLY.COM) PROVIDES ONLINE COMMENTARY AND ANALYSIS THAT'S INFORMATIVE, UNIQUE, AND LASER-FOCUSED ON THE CHALLENGING ISSUES FACING OUR DEMOCRACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CASUAL LABOR 84,757 21,189 0 COMMISSIONS 44,628 11,157 0 CONTRACTOR FEES 25,876 6,469 0 ARTISTS AND PHOTOGRAPHERS 2,972 743 0 EDITORIAL - FREELANCE/BLOGGER 3,520 880 0 TOTAL 161,753 40,438 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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