Brown University Of Providence Controllers Office in Providence, Rhode Island (RI)

Brown University Of Providence Controllers Office
Employer Identification Number (EIN)	050258809
Name of Organization	Brown University Of Providence Controllers Office
In Care of Name	Donald S Schanck
Address	164 Angell St, Providence, RI 02912-9002
Activities	Scholarships (other)
Subsection	Charitable Organization
Ruling Date	06/1971
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2013
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$4,397,600,917
Amount of Income	$1,644,918,003
Form 990 Revenue Amount	$1,030,235,476
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Promotion of Business

Non-representatives - add comments:

Amount of income in 2013: $1,644,918,003

This organization:	$1,644,918,003
Other organizations performing similar types of work:	$142,887

Assets in 2013: $4,397,600,917

Brown University Of Providence Controllers Office:	$4,397,600,917
Other organizations performing similar types of work:	$108,544

Expenses in 2013: $894,447,686

This organization:	$894,447,686
Other organizations performing similar types of work:	$130,766

Income to expenses ratio in 2013: 1.8

This organization:	1.8
Other organizations performing similar types of work:	1.3

Expenses allocated to program services in 2007: 85.0%

This organization:	85.0%
Other organizations performing similar types of work:	0.0%

Employees paid over $100,000 in 2013: 7.3%

Brown University Of Providence Controllers Office:	7.3%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 32.2%

Brown University Of Providence Controllers Office:	32.2%
Other organizations performing similar types of work:	0.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	Yes	Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	Yes	Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	Yes	Yes
Did the organization receive more than $25,000 in non-cash contributions?	Yes	Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	Yes	Yes
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	Yes	Yes
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		1,660	1,635
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		10,617	10,690
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		Yes	Yes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		Yes	Yes
Did the organization notify the donor of the value of the goods or services provided?		Yes	Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$8,278,459	$9,417,128
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$1,146,834	$1,151,946
Total number of individuals who received more than $100,000 of reportable compensation from the organization	603	654
Total number of independent contractors who received more than $100,000 of compensation from the organization	112	127

	2011	2012	2013
Statement of Revenue
Total revenue	$920,552,777	$845,977,325	$1,030,235,476
Contributions, Gifts, Grants and Other Similar Amounts	$284,564,529	$336,516,571	$331,829,666
Program Service Revenue	$421,976,050	$444,465,103	$486,007,086
900099		$362,914,093	$401,144,693
900099		$41,114,883	$43,740,830
900099		$19,469,432	$19,932,540
Book Stores		$8,323,879	$8,421,025
900099		$2,501,061	$2,446,521
All other program service revenue		$10,141,755	$10,321,477
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$10,682,801	$0	$50,162,715
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$1,628,630	$1,618,883	$2,733,456
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$182,206,886	$48,540,659	$157,951,035
Gross amount from sales of assets other than inventory (Securities / Other)	$2,561,130,969 / $115,277,554	$1,747,525,662 / $-66,567,762	$771,091,286 / $1,443,376
Less: cost or other basis and sales expenses (Securities / Other)	$2,493,560,144 / $641,493	$1,628,626,516 / $3,790,725	$614,293,825 / $289,802
Gain or (loss) (Securities / Other)	$67,570,825 / $114,636,061	$118,899,146 / $-70,358,487	$156,797,461 / $1,153,574
Net income/loss from fundraising events	$0	$0	$-25,115
Gross income from fundraising events	$0	$0	$73,785
Less: direct expenses	$0	$0	$98,900
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$19,493,881	$14,836,109	$1,576,633
900099		$12,279,761	$1,576,633
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$791,584,493	$852,345,159	$894,447,686
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$122,940,500	$141,913,549
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$5,537,414	$5,406,097	$5,905,915
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$313,857,823	$330,637,501	$356,016,013
Pension plan accruals and contributions		$22,053,134	$23,056,383
Other employee benefits		$46,126,155	$51,144,686
Payroll taxes	$18,846,588	$19,576,374	$20,446,412
Fees for services (non-employees)
Management		$0	$0
Legal		$647,849	$333,553
Accounting		$458,000	$635,340
Lobbying		$77,905	$57,367
Professional fundraising services	$25,129	$158,209	$24,488
Investment management fees		$11,754,809	$603,703
Other		$74,216,204	$82,612,996
Advertising and promotion		$1,389,460	$1,158,631
Office expenses		$38,228,990	$36,045,457
Information technology		$0	$0
Royalties		$0	$0
Occupancy		$26,974,188	$25,911,211
Travel		$16,647,290	$17,068,212
Payments of travel or entertainment expenses for any federal, state, or local public officials		$2,440	$0
Conferences, conventions, and meetings		$1,210,286	$1,156,468
Interest		$23,487,037	$26,449,818
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$56,539,598	$58,701,913
Insurance		$10,740,968	$10,811,796
Other expenses		$1,538,253	$1,868,497
Other expenses		$15,981,158	$16,572,484
Other expenses		$279,736	$276,831
Other expenses		$25,273,018	$15,675,963

	2011	2012	2013
Balance Sheet
Total assets	$4,167,220,800	$4,137,082,720	$4,397,600,917
Cash - non-interest-bearing		$24,793,907	$174,818,857
Savings and temporary cash investments		$165,646,231	$167,902,525
Pledges and grants receivable, net		$158,783,844	$146,051,090
Accounts receivable, net		$63,248,056	$29,238,076
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$32,201,835	$32,959,654
Inventories for sale or use		$3,089,320	$3,460,938
Prepaid expenses and deferred charges		$5,279,402	$4,181,459
Land, buildings, and equipment: cost or other basis		$949,574,492	$1,011,648,475
Investments - publicly traded securities		$1,015,238,971	$1,086,313,000
Investments - other securities		$1,638,946,547	$1,714,612,544
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$80,280,115	$26,414,299
Total liabilities	$953,385,203	$988,826,894	$963,035,559
Accounts payable and accrued expenses		$209,379,439	$89,108,472
Grants payable		$0	$0
Deferred revenue		$18,789,253	$10,713,911
Tax-exempt bond liabilities	$448,745,000	$469,820,000	$570,587,458
Escrow or custodial account liability		$22,916,288	$19,778,187
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$50,000,000	$50,000,000	$50,000,000
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$217,921,914	$222,847,531
Total net assets or fund balances	$3,213,835,597	$3,148,255,826	$3,434,565,358
Unrestricted net assets		$703,813,585	$915,482,785
Temporarily restricted net assets		$1,262,380,237	$1,264,048,851
Permanently restricted net assets		$1,182,062,004	$1,255,033,722
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	A school described in section 170(b)(1)(A)(ii)
Number of organizations supported	0
Sum of amounts of support	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$676,395,299	$472,303,090	$495,651,053	$713,943,202	$775,604,050	$855,488,365	$887,686,182	$1,024,985,410
Contributions, gifts, grants, and similar amounts received	$80,450,861	$72,103,875	$43,866,598	$154,460,386	$155,173,197	$310,954,462	$321,861,657	$271,681,542
Contributions to donor advised funds							$0	$0
Direct public support	$80,235,259	$71,997,185	$43,663,842	$154,261,580	$155,092,682	$185,980,192	$208,552,892	$161,983,759
Indirect public support	$215,602	$106,690	$202,756	$198,806	$80,515	$86,093	$134,544	$133,760
Government contributions (grants)	$0	$0	$0	$0	$0	$124,888,177	$113,174,221	$109,564,023
Program service revenue including government fees and contracts	$248,084,016	$257,232,035	$271,440,709	$289,927,154	$305,908,449	$341,629,132	$351,863,136	$367,510,790
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$0	$0	$0	$0	$0	$0	$0	$0
Dividends and interest from securities	$53,083,136	$24,966,993	$20,627,352	$30,208,127	$23,456,176	$24,188,710	$13,139,410	$981,998
Net rental income or (loss)	$0	$0	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other investment income	$3,324,592	$3,220,418	$4,608,275	$6,848,911	$8,381,541	$19,144,714	$25,528,844	$28,896,431
Gain or (loss) from sales of assets other than inventory	$192,215,065	$4,985,663	$27,861,804	$103,793,066	$142,051,237	$155,073,270	$171,396,562	$348,492,219
Gross amount from sales of assets other than inventory	$1,657,568,441	$1,495,500,676	$2,683,318,789	$1,625,862,544	$1,492,791,811	$2,586,876,902	$2,988,058,141	$5,854,430,917
Less: cost or other basis and sales expenses	$1,465,353,376	$1,490,515,013	$2,655,456,985	$1,522,069,478	$1,350,740,574	$2,431,803,632	$2,816,661,579	$5,505,938,698
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$99,237,629	$109,794,106	$127,246,315	$128,705,558	$140,633,450	$4,498,077	$3,896,573	$7,422,430
Total expenses	$441,948,656	$461,494,198	$523,235,492	$548,773,001	$620,983,652	$668,666,938	$677,344,778	$709,235,790
Program services	$368,228,261	$384,683,930	$439,483,164	$468,591,370	$520,281,985	$549,435,875	$570,397,176	$602,626,676
Management and general	$59,718,558	$61,775,209	$69,725,363	$65,734,334	$83,228,150	$98,454,238	$85,736,128	$84,502,631
Fundraising	$14,001,837	$15,035,059	$14,026,965	$14,447,297	$17,473,517	$20,776,825	$21,211,474	$22,106,483
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$1,889,962,454	$1,889,812,588	$1,918,912,885	$2,200,243,992	$2,442,886,982	$2,810,132,258	$3,353,188,442	$3,468,520,534
Excess or (deficit) for the year	$234,446,643	$10,808,892	$-27,584,439	$165,170,201	$154,620,398	$186,821,427	$210,341,404	$315,749,620
Net assets or fund balances at beginning of year	$1,831,357,223	$1,889,962,454	$1,889,812,588	$1,918,912,885	$2,200,243,992	$2,442,886,982	$2,810,132,258	$3,353,188,442
Other changes in net assets or fund balances	$-175,841,412	$-10,958,758	$56,684,736	$116,160,906	$88,022,592	$180,423,849	$332,714,780	$-200,417,528

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$709,235,790	$602,626,676	$84,502,631	$22,106,483
Grants paid from donor advised funds		$0
Other grants and allocations		$83,545,785
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$1,731,636	$81,846	$1,445,174	$204,616
Compensation of former officers, directors, key employees, etc.	$575,766	$575,766	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$294,928,120	$252,589,996	$31,111,761	$11,226,363
Pension plan contributions not included above	$19,814,599	$16,949,035	$2,108,676	$756,888
Employee benefits not included above	$37,822,144	$29,078,780	$6,678,552	$2,064,812
Payroll taxes	$17,431,646	$14,863,965	$1,900,049	$667,632
Professional fundraising fees	$205,018	$0	$0	$205,018
Accounting fees	$338,300	$0	$338,300	$0
Legal fees	$594,140	$0	$594,140	$0
Supplies	$23,535,228	$21,923,575	$602,585	$1,009,068
Telephone	$1,740,595	$1,425,428	$231,766	$83,401
Postage and shipping	$1,354,285	$963,660	$307,060	$83,565
Occupancy	$28,790,096	$25,988,376	$1,362,565	$1,439,155
Equipment rental and maintenance	$4,850,610	$4,263,773	$417,049	$169,788
Printing and publications	$2,486,037	$1,896,220	$406,939	$182,878
Travel	$14,297,490	$11,910,885	$1,596,842	$789,763
Conferences, conventions, and meetings	$495,615	$428,226	$63,290	$4,099
Interest	$19,599,950	$19,599,950	$0	$0
Depreciation, depletion, etc.	$45,429,441	$44,685,598	$669,599	$74,244
Other expenses not covered above	$109,669,289	$71,855,812	$34,668,284	$3,145,193

	2000	2001	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$2,140,272,296	$2,181,247,631	$2,206,083,501	$2,639,061,669	$2,927,214,913	$3,359,487,744	$4,063,864,042	$4,362,401,540
Cash - non-interest-bearing	$0	$0	$8,755,382	$0	$20,257,131	$0	$0	$6,212,460
Savings and temporary cash investments	$175,903,860	$167,869,311	$120,519,513	$94,752,791	$82,100,141	$124,393,115	$86,643,888	$203,844,178
Accounts receivable less allowance for doubtful accounts	$32,143,380	$31,626,766	$27,589,466	$32,721,151	$35,121,541	$31,796,982	$29,718,378	$28,022,310
Pledges receivable less allowance for doubtful accounts	$116,104,912	$117,404,560	$94,508,745	$176,962,856	$173,266,270	$226,103,002	$250,342,548	$225,581,567
Grants receivable	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$34,546,148	$34,683,731	$32,763,786	$34,531,580	$33,718,556	$31,942,608	$33,199,284	$32,920,656
Inventories for sale or use	$2,913,933	$2,955,538	$2,462,356	$2,447,361	$2,619,306	$2,623,783	$2,606,576	$2,558,725
Prepaid expenses and deferred charges	$2,322,098	$573,698	$3,750,523	$1,019,016	$6,902,013	$2,820,340	$2,408,375	$2,167,051
Investments - publicly-traded securities							$711,579,016	$1,381,468,095
Investments - other securities	$1,450,503,743	$1,470,960,312	$1,521,732,954	$1,819,859,908	$2,080,434,632	$2,356,614,965	$2,233,037,488	$1,738,642,189
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$319,399,837	$354,680,114	$384,263,315	$445,405,822	$483,226,868	$574,084,573	$664,435,730	$725,760,058
Other assets, including program-related investments	$6,434,385	$493,601	$9,737,461	$31,361,184	$9,568,455	$9,108,376	$49,892,759	$15,224,251
Total liabilities	$250,309,842	$291,435,043	$287,170,616	$438,817,677	$484,327,931	$549,355,486	$710,675,600	$893,881,006
Accounts payable and accrued expenses	$67,987,368	$57,574,806	$59,788,950	$88,233,674	$82,301,980	$82,000,092	$107,746,759	$294,804,045
Grants payable	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$6,023,697	$7,488,460	$10,482,555	$12,249,195	$11,903,971	$15,125,964	$18,122,040	$16,014,658
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$109,025,000	$160,660,000	$158,670,000	$250,315,000	$248,130,000	$331,110,000	$384,870,000	$431,180,000
Mortgages and other notes payable	$1,965,930	$24,533,182	$1,615,919	$1,561,495	$25,689,079	$41,617,685	$87,611,059	$25,565,371
Other liabilities	$65,307,847	$41,178,595	$56,613,192	$86,458,313	$116,302,901	$79,501,745	$112,325,742	$126,316,932
Total liabilities and net assets/fund balances	$2,140,272,296	$2,181,247,631	$2,206,083,501	$2,639,061,669	$2,927,214,913	$3,359,487,744	$4,063,864,042	$4,362,401,540
Total net assets or fund balances	$1,889,962,454	$1,889,812,588	$1,918,912,885	$2,200,243,992	$2,442,886,982	$2,810,132,258	$3,353,188,442	$3,468,520,534

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$676,395,299	$472,303,090	$495,651,053	$713,943,202	$775,604,050	$855,488,365	$887,686,182	$1,024,985,410
Total revenue, gains, and other support per audited financial statements	$426,456,760	$400,521,484	$472,008,343	$742,661,309	$755,302,609	$934,161,613	$1,115,314,306	$721,911,456
Other expenses	$-249,938,539	$-71,781,606	$-23,642,710	$28,718,107	$-20,301,441	$78,673,248	$227,628,124	$-303,073,954
Net unrealized gains on investments	$-175,841,412	$-10,958,758	$56,684,736	$116,160,906	$88,022,592	$122,983,458	$332,228,861	$-224,831,497
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0	$0
Other	$-74,097,127	$-60,822,848	$-80,327,446	$-87,442,799	$-108,324,033	$-44,310,210	$-104,600,737	$-78,242,457
Other revenue	$0	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$441,948,656	$461,494,198	$523,235,492	$548,773,001	$620,983,652	$668,666,938	$677,344,778	$709,235,790
Total expenses and losses per audited financial statements	$368,257,000	$401,232,012	$443,343,158	$460,574,824	$511,862,764	$554,136,383	$570,838,491	$606,270,670
Other revenue	$1,785,773	$2,227,127	$2,022,171	$2,443,029	$767,700	$1,519,888	$2,105,125	$1,330,304
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$1,785,773	$2,227,127	$2,022,171	$2,443,029	$767,700	$1,519,888	$2,105,125	$1,330,304
Other expenses	$75,477,429	$62,489,313	$81,914,505	$90,641,206	$109,888,588	$116,050,443	$108,611,412	$104,295,424
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$75,477,429	$62,489,313	$81,914,505	$90,641,206	$109,888,588	$116,050,443	$108,611,412	$104,295,424

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$636,158	$182,304	$0
40	$420,000	$56,473	$0
40	$400,000	$36,701	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	53
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Loans and Advances	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
$0	$258,756	$30,841	$0
$0	$242,695	$33,474	$10,000

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	Yes
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	5,716

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$-885,478		$387,146,032	$367,043,314
Program service revenue
Program service revenue 1	000000	$0	00	$0	$284,879,244
Program service revenue 2	000000	$0	00	$0	$43,676,437
Program service revenue 3	000000	$0	00	$0	$17,190,126
Program service revenue 4	Book stores	$100,489	00	$0	$9,012,200
Program service revenue 5	Advertising and related services	$366,987	00	$0	$12,285,307
		$0		$0	$284,879,244
		$0		$0	$43,676,437
		$0		$0	$17,190,126
	Book stores	$100,489		$0	$9,012,200
		$0		$0	$3,197,042
		$0		$0	$5,984,554
	Fitness and recreational sports centers	$53,733		$0	$1,717,096
	Telecommunications (including paging, cellular, satellite, cable, and other telecommunications)	$48,143		$0	$0
		$0		$0	$1,346,683
	Advertising and related services	$265,111		$0	$11,822
		$0		$0	$28,110
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$981,998	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$28,896,431	$0
Gain or (loss) from sales of assets other than inventory	Other financial vehicles	$-1,352,954	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$349,845,173	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	Royalty income excluded by section 512(b)(2)	$7,422,430	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$818,159	$257,901	$0
$609,635	$326,820	$0
$385,000	$287,487	$0
$385,000	$283,069	$0
$330,417	$275,058	$0

Total number of other employees paid over $50,000	1,843

Total number of other employees paid over $50,000

1,843

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$159,453
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	School

	1999	2000	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

	Income	Expenses	Net
Unrelated Trade or Business Income (for 2008)
Total	$-1,043,667	$0	$-104,366
Gross receipts or sales less returns and allowances	$202,365	$0	$0
Cost of goods sold	$158,189	$0	$0
Gross profit	$44,176	$0	$44,176
Capital gain net income	$15,326,071	$0	$1,532,607
Net gain	$0	$0	$0
Capital loss deduction for trusts	$0	$0	$0
Income (loss) from partnerships and S corporations	$-2,885,561	$0	$-2,885,561
Rent income	$0	$0	$0
Unrelated debt-financed income	$0	$0	$0
Interest, annuities, royalties, and rents from controlled organizations	$0	$0	$0
Investment income of a section 501(c)(7), (9), or (17) organization	$0	$0	$0
Exploited exempt activity income	$0	$0	$0
Advertising income	$265,111	$0	$265,111
Other income	$0	$0	$0

Deductions Not Taken Elsewhere (for 2008)
Total deductions	$47
Compensation of officers, directors, and trustees	$0
Salaries and wages	$0
Repairs and maintenance	$0
Bad debts	$0
Interest	$0
Taxes and licenses	$0
Charitable contributions	$0
Depreciation	$0
Depletion	$0
Contributions to deferred compensation plans	$0
Employee benefit programs	$0
Excess exempt expenses	$0
Excess readership costs	$265,111
Other deductions	$205,961
Unrelated business taxable income	$-1,514,739
Unrelated business taxable income before net operating loss deduction	$-1,514,739
Net operating loss deduction	$0
Unrelated business taxable income before specific deduction	$-1,514,739
Specific deduction	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Brown University Of Providence Controllers Office	164 Angell St, Providence, RI 02912-9002	RI	1971-06	$1,644,918,003
2	Pacific Coast League Of Professional Baseball Clubs Inc	1 Chisholm Trail Rd Ste 4200, Round Rock, TX 78681	TX	2001-11	$6,156,215
3	Williamsburg Farmers Market	401 Lafayette St, Williamsburg, VA 23185-3617	VA	2005-04	$142,887
4	Phi Beta Kappa Society, Ri Alpha Brown University	PO BOX 1858, Providence, RI 02912-1858	RI	1992-09	$24,550
5	Society Of Women Engineers	Po Box 544, Tahoma, CA 96142	CA	1992-09	$207
6	Aace International	38 Beebe Road, East Haddam, CT 06423	CT	1964-07	$0
7	American Marketing Association Inc, Ama Columbia Chapter	145 Montclaire Cir, West Columbia, SC 29170-1540	SC	1992-07	$0
8	American Marketing Association Inc, Michiana Chapter	PO BOX 8188, South Bend, IN 46660-8188	IN	1992-07	$0
9	Association Of Women In The Metal Industries Inc	4831 Us Hwy 42 W, Ghent, KY 41045	KY	1997-11	$0
10	Association Of Women In The Metal Industries Inc	9666 Olive Blvd Suite 500, Olivette, MO 63132	MO	1997-11	$0
11	Charlotte Information Technology Quality Assurance Association	100 N Tryon St Ste B220 Pmb 392, Charlotte, NC 28202-4029	NC	2000-05	$0
12	Cumberland Valley Educational Consortium	600 Norland Ave Ste 4, Chambersburg, PA 17201-4234	PA	2000-12	$0
13	Greater Life Community Development Corporation Inc	Rt 1 Box 92, Glennville, GA 30427	GA	2000-06	$0
14	Indiana Officials Association Inc	35 Monticello Dr, Greenwood, IN 46142-1845	IN	2000-06	$0
15	National Association Of Minority Contractor Memphis	3360 Fontaine Rd, Memphis, TN 38116-3506	TN	2000-06	$0
16	Society Fo Women Engineers	1230 Lincoln Dr, Carbondale, IL 62901	IL	1992-09	$0
17	Society Fo Women Engineers	243 Centennial Drive - Stop 8155, Grand Forks, ND 58202	ND	1992-09	$0
18	Society Fo Women Engineers, Oklahoma State University	101 Engineering N, Stillwater, OK 74078-5010	OK	1992-09	$0
19	Society Of Former Special Agents Of The Nc State Bureau Of Investi Inc	Po Box 5127, Cary, NC 27511-5127	NC	1999-06	$0
20	Society Of Women Engineers	182 Hope Street Box D, Providence, RI 02912-1913	RI	1992-09	$0

Number of organizations performing similar types of work

California	6
Connecticut	1
District of Columbia	1
Florida	6
Georgia	3
Hawaii	1
Iowa	1
Illinois	2
Indiana	4
Kansas	1
Kentucky	1
Maryland	1
Michigan	1
Minnesota	1
Missouri	2
North Carolina	7

North Dakota	1
New Hampshire	2
Nevada	1
New York	2
Ohio	3
Oklahoma	1
Pennsylvania	2
Rhode Island	3
South Carolina	1
Tennessee	4
Texas	6
Virginia	2
Washington	1
Wisconsin	1
International	1

Total

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