2024-05-15T11:21:42-04:00 2023-06-30 060971998 GUILMARTIN DIPIRO & SOKOLOWSKI LLC 505 MAIN ST MIDDLETOWN CT 064572809 990 2022-07-01 066075006 THE ARC OF LITCHFIELD COUNTY INC ARCO 8604829364 314 MAIN STREET TORRINGTON CT 06790 MICHAEL MENARD EXECUTIVE DIRECTOR 8604829364 2024-05-09 true MICHAEL MENARD 999009999 false CHRISTOPHER B CONLEY P00936552 8603475689 2024-05-09 2022 2023-04-26 12:10:37Z LARC MICHAEL MENARD 314 MAIN STREET TORRINGTON CT 06790 10066728 false X WWW.LITCHFIELDARC.ORG X 1964 CT CONTINUED FROM PARTS I & III: RESPECT, AND DIGNITY. LARC IS A LOCAL CHAPTER OF THE ARC, THE LARGEST COMMUNITY BASED ORGANIZATION FOR THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. ON A DAILY BASIS, LARC SUPPORTS 132 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGHOUT NORTHWEST CONNECTICUT. SERVICES INCLUDE RESIDENTIAL GROUP HOMES, IN-HOME SUPPORTS, TRANSPORTATION, DAY AND EMPLOYMENT PROGRAMS. OTHER ACCOMPLISHMENTS OVER THE PAST YEAR INCLUDE: -LARC IS PARTICIPATING IN PROJECT SEARCH, AN EMPLOYMENT TRAINING MODEL THAT IS SUCCESSFULLY INTEGRATING INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES INTO COMPETITIVE WAGE JOBS. -LARC IS WORKING WITH LOCAL SCHOOL SYSTEMS TO ENSURE THAT INDIVIDUALS TRANSITIONING FROM SCHOOL TO WORK ARE AWARE OF THE OPPORTUNITY. THE PROJECT SEARCH PROGRAM IS DESIGNED TO BE A ONE-YEAR PROGRAM AND IS BASED ON A SCHOOL YEAR. PARTICIPATING INDIVIDUALS, PRIMARILY AGED 21 AND OLDER, WILL WORK IN INTERNSHIPS AT CHARLOTTE HUNGERFOR 12 12 232 0 1392065 207107 7609305 8851762 52 -1006725 12771 0 9014193 8052144 0 0 6278146 7005797 0 42269 2697407 2675670 8975553 9681467 38640 -1629323 5296013 3597188 3119315 3049813 2176698 547375 X CONTINUED FROM PARTS I & III: RESPECT, AND DIGNITY. LARC IS A LOCAL CHAPTER OF THE ARC, THE LARGEST COMMUNITY BASED ORGANIZATION FOR THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. ON A DAILY BASIS, LARC SUPPORTS 132 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGHOUT NORTHWEST CONNECTICUT. SERVICES INCLUDE RESIDENTIAL GROUP HOMES, IN-HOME SUPPORTS, TRANSPORTATION, DAY AND EMPLOYMENT PROGRAMS. OTHER ACCOMPLISHMENTS OVER THE PAST YEAR INCLUDE: -LARC IS PARTICIPATING IN PROJECT SEARCH, AN EMPLOYMENT TRAINING MODEL THAT IS SUCCESSFULLY INTEGRATING INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES INTO COMPETITIVE WAGE JOBS. -LARC IS WORKING WITH LOCAL SCHOOL SYSTEMS TO ENSURE THAT INDIVIDUALS TRANSITIONING FROM SCHOOL TO WORK ARE AWARE OF THE OPPORTUNITY. THE PROJECT SEARCH PROGRAM IS DESIGNED TO BE A ONE-YEAR PROGRAM AND IS BASED ON A SCHOOL YEAR. PARTICIPATING INDIVIDUALS, PRIMARILY AGED 21 AND OLDER, WILL WORK IN INTERNSHIPS AT CHARLOTTE HUNGERFOR false false 4866582 5111501 RESIDENTIAL: LARC OPERATES FIVE COMMUNITY GROUP HOMES AND TWO APARTMENTS FOR INDIVIDUALS IN NEED OF 24-HOUR SUPPORTS, LOCATED IN HARWINGTON, LITCHFIELD, TORRINGTON, BARKHAMSTED AND NEW HARTFORD. INDIVIDUALS WHO LIVE IN INDEPENDENTLY LEASED APARTMENTS ARE ALSO SUPPORTED BY LARC. LARC ALSO PROVIDES IN-HOME SUPPORTS. THE MAJORITY OF THESE INDIVIDUALS HAVE ELDERLY FAMILIES/GUARDIANS THAT ARE UNABLE TO DRIVE. WITHOUT OUR PROGRAM, THEY WOULD BE STUCK AT HOME WITH LITTLE OPPORTUNITY TO GET OUT INTO THE COMMUNITY. A TOTAL OF 30 INDIVIDUALS ARE SERVED IN LARC'S RESIDENTIAL PROGRAMS AND 15 INDIVIDUALS ARE SERVED IN LARC'S IN HOME SUPPORTS. 2485058 2939149 VOCATIONAL DAY PROGRAM: APPROXIMATELY 75 INDIVIDUALS ARE WORKING THROUGH LARC'S VOCATIONAL PROGRAM WHICH PROVIDES INDIVIDUALIZED EMPLOYMENT PROGRAMS, JOB DEVELOPMENT, PLACEMENT, ON-THE-JOB TRAINING AND CONTINUOUS SUPPORTS TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. LARC IS PROVIDING GROUP SUPPORTED EMPLOYMENT AT 6 SITES EMPLOYING 50 INDIVIDUALS. AN INDICATOR OF THE PROGRAM'S SUCCESS IS THE LONGEVITY OF OUR CLIENTS' EMPLOYMENT. 874323 706748 DAY SUPPORT PROGRAM: THE DAY SUPPORT PROGRAM PROVIDES EXPERIENCES AND ACTIVITIES THAT ARE STIMULATING AND VALUE BASED TO 42 INDIVIDUALS, MANY OF WHICH HAVE SIGNIFICANT MEDICAL OR AGING ISSUES. LARC ALSO OFFERS COMMUNITY EXPERIENCES THROUGH VOLUNTEERING, PARTICIPATING IN THE LOCAL SENIOR CENTER, AND ENJOYING LEISURE TIME ACTIVITIES TO OVER APPROXIMATELY 50 INDIVIDUALS AT OVER 10 LOCATIONS. DSO PARTICIPANTS HAVE RECENTLY BEEN ACKNOWLEDGED BY THE CITY OF TORRINGTON FOR THEIR VOLUNTEER EFFORTS FOR THE MEALS ON WHEELS PROGRAM. 303120 94364 LARC ALSO OFFERS RECREATION, GUARDIANSHIP, ADVOCACY, TRANSPORTATION SERVICES AND AN AUTISM RESOURCE CENTER. LARC'S SOCIAL ENRICHMENT PROGRAM HAS RESUMED AFTER BEING PAUSED DUE TO COVID. THE PROGRAM IS FUNDED SOLELY BY PRIVATE DONATIONS, PROVIDING CRITICAL RESPITE AND RECREATIONAL OPPORTUNITIES SUCH AS GROUP OUTINGS, SOCIAL GATHERINGS, AND SPECIAL OLYMPICS. LARC'S AUTISM RESOURCE CENTER HAS BECOME KNOWN IN THE REGION FOR PROVIDING INNOVATIVE SUPPORTS TO AREA YOUTH. WE ARE WORKING TO ALIGN OUR PROGRAMMING WITH AVAILABLE FUNDING, TO HELP ENSURE FISCAL STABILITY AND THE ABILITY TO PROVIDE ASD SUPPORTS THAT ARE BILLABLE AND IN ACCORDANCE WITH STATE AND FEDERAL REQUIREMENTS. IT IS OUR INTENTION TO MOVE THE CENTER FROM GRANT AND DONOR-FUNDED TO OFFICIAL ASD PROVIDER FUNDED IN THE NEXT YEAR OR TWO. LARC'S BOARD OF DIRECTORS MADE THE DECISION TO SUSPEND CAMP OPERATIONS IN 2021, AND FURTHER, TO SELL THE CAMP PROPERTY, WHICH HAD BECOME A DRAIN ON AGENCY OPERATIONS AND FINANCES. WE CLOSED ON THE SALE OF THE PROPERTY IN MAY 2023. THIS WILL HELP US FOCUS MORE FULLY ON OUR CORE MISSION, AND WILL BE BENEFICIAL TO THE AGENCY IN MANY WAYS. 303120 94364 8529083 true true false false false false false false false true true false false true true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 38 0 true 232 true false false false false false false false false false false false false X 12 12 false false true false true false false true true false false true true true true true true true true false CT X LINDA CULL 8604829364 314 MAIN STREET TORRINGTON CT 06790 MICHAEL MENARD EXECUTIVE DI 40.00 X 100727 0 1007 LINDA CULL FINANCE DIRE 40.00 X 76808 0 7897 BARBARA CANARY DIRECTOR 0.30 X 0 0 0 MATTHEW CARBONE DIRECTOR 0.30 X 0 0 0 GEORGE CRAIG DIRECTOR 0.30 X 0 0 0 CHAD WHIDING DIRECTOR 0.30 X 0 0 0 KATHLEEN ORR DIRECTOR 0.30 X 0 0 0 JON SHEAFFER DIRECTOR 0.30 X 0 0 0 LAUREN ZORDAN DIRECTOR 0.30 X 0 0 0 DOROTHY BECKLEY PRESIDENT 4.00 X X 0 0 0 SARAH LONGLOIS VICE PRESIDE 2.00 X X 0 0 0 MARK LAMBERT TREASURER 1.00 X X 0 0 0 RUTH DWYER SECRETARY 1.00 X X 0 0 0 KIMBERLY BROWN PAST PRESIDE 2.00 X X 0 0 0 177535 8904 1 false false false 2933 575 23904 179695 207107 DDS CONTRACTS 624310 7055215 7055215 DSS ROOM & BOARD 623990 1400199 1400199 DAY PROGRAM SALES 624100 301984 301984 OTHER PROGRAM 624310 94364 94364 8851762 58 58 1004321 2011104 -1006783 -1006783 -1006783 3480 23904 3480 8052144 8851762 -1006725 199077 199077 5291105 4877719 390306 23080 415996 369589 44658 1749 690671 613622 74145 2904 408948 363327 43902 1719 261599 186013 75235 351 5272 2650 206 2416 111125 63819 44095 3211 166499 105431 55474 5594 382274 368127 13948 199 97973 70769 27119 85 248465 201309 46662 494 106929 91754 15175 TRANSPORTATION 377808 371577 6231 CLIENT RENUMERATION 284147 284147 REPAIRS & MAINTENANCE 198081 173254 24479 348 FOOD & HOUSEHOLD SUPPLIES 124617 124617 310881 261359 49403 119 9681467 8529083 1110115 42269 298092 283845 186931 112588 421252 345207 4751 67510 51605 5528431 3315552 4298135 2212879 19342 591064 5296013 3597188 743858 655571 2080185 1078194 295272 1316048 3119315 3049813 X 2096314 522095 80384 25280 2176698 547375 5296013 3597188 X -1629323 X false true X true false X 428394 167955 376920 1392065 207107 2572441 7498938 7963873 7250811 7609305 8851762 39174689 7927332 8131828 7627731 9001370 9058869 41747130 41747130 131 218 72 52 58 531 131 218 72 52 58 531 41188 4370 76736 12771 135065 7968651 8136416 7704539 9014193 9058927 41882726 0.99680 0.99660 0.00000 0.00000 X PART III, LINE 12 OTHER INCOME 126,328 REBATES 8,737 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16137 93 16230 16039 98 16137 15996 43 16039 15965 31 15996 15927 38 15965 0.92420 0.07580 false false 404781 404781 4069083 2457861 1611222 1054567 857691 196876 2212879 RIGHT-OF-USE (ROU) ASSETS, OPERATING 571629 ENDOWMENT ASSET 19435 591064 OPERATING LEASE LIABILITIES 585180 LINE OF CREDIT 348000 REFUNDABLE ADVANCES 195444 DUE TO STATE 142172 DDS CASH ADVANCES 45252 1316048 X 8110821 58677 58677 8052144 8052144 9740144 58677 58677 9681467 9681467 SCHEDULE D, PAGE 3, PART X LARC HAS RECEIVED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. LARC HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). LARC BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. LARC'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR JUNE 30, 2023, 2022 AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. SCHEDULE D, PAGE 4, PART XI, LINE 2D NET ASSETS RELEASED FROM RESTRICTION 55,197 FUNDRAISING EXPENSES 3,480 SCHEDULE D, PAGE 4, PART XII, LINE 2D NET ASSETS RELEASED FROM RESTRICTION 55,197 FUNDRAISING EXPENSES 3,480 WINE TASTING 20449 17044 3405 3405 TABLESCAP 6935 6860 75 75 27384 23904 3480 3480 3480 FORM 990 - ORGANIZATION'S MISSION CONTINUED FROM PARTS I & III: RESPECT, AND DIGNITY. LARC IS A LOCAL CHAPTER OF THE ARC, THE LARGEST COMMUNITY BASED ORGANIZATION FOR THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. ON A DAILY BASIS, LARC SUPPORTS 132 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGHOUT NORTHWEST CONNECTICUT. SERVICES INCLUDE RESIDENTIAL GROUP HOMES, IN-HOME SUPPORTS, TRANSPORTATION, DAY AND EMPLOYMENT PROGRAMS. OTHER ACCOMPLISHMENTS OVER THE PAST YEAR INCLUDE: -LARC IS PARTICIPATING IN PROJECT SEARCH, AN EMPLOYMENT TRAINING MODEL THAT IS SUCCESSFULLY INTEGRATING INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES INTO COMPETITIVE WAGE JOBS. -LARC IS WORKING WITH LOCAL SCHOOL SYSTEMS TO ENSURE THAT INDIVIDUALS TRANSITIONING FROM SCHOOL TO WORK ARE AWARE OF THE OPPORTUNITY. THE PROJECT SEARCH PROGRAM IS DESIGNED TO BE A ONE-YEAR PROGRAM AND IS BASED ON A SCHOOL YEAR. PARTICIPATING INDIVIDUALS, PRIMARILY AGED 21 AND OLDER, WILL WORK IN INTERNSHIPS AT CHARLOTTE HUNGERFORD AND OTHER AREA BUSINESSES WITH THE GOAL OF SECURING EMPLOYMENT AT THE END OF THE YEAR. -APPROXIMATELY 75 INDIVIDUALS ARE EMPLOYED THROUGH LARC'S VOCATIONAL PROGRAM, WHICH OFFERS JOB DEVELOPMENT, PLACEMENT, TRAINING AND CONTINUOUS SUPPORTS. LARC'S EMPLOYER PARTNERS PROVIDE EMPLOYMENT OPPORTUNITIES TO INDIVIDUALS THROUGH INDEPENDENT PLACEMENT AND GROUP-SUPPORTED EMPLOYMENT AT OVER 25 LOCATIONS THROUGHOUT NORTHWEST CONNECTICUT. FORM 990 THE LARC BOARD OF DIRECTORS APPROVED OUR NEW, FIVE-YEAR STRATEGIC PLAN IN 2022. AGENCY LEADERSHIP ARE WORKING TO ENSURE ADHERENCE TO THE FOUR PILLARS OF THE PLAN: ORGANIZATIONAL CLIMATE (LARC IS DEDICATED TO HIRING AND RETAINING THE BEST STAFF, GIVING THEM TRAINING AND OPPORTUNITIES FOR DEVELOPMENT, AND REWARDING THEM WITH VALUED COMPENSATION AND BENEFITS); AGENCY ACCOUNTABILITY (ENSURING THAT SYSTEMS, STRUCTURES, AND PROCEDURES ARE IN PLACE TO ALLOW FOR THE EFFICIENT AND ACCURATE COLLECTION AND REPORTING OF ALL INFORMATION NECESSARY FOR THE AGENCY TO BILL FOR SUPPORTS, PROVIDE METICULOUS REPORTS, AND ENSURE THAT WE ARE IN FULL COMPLIANCE WITH ALL MANDATES); PARTNERSHIPS (LARC WILL CONTINUE TO SEEK OUT AND STRENGTHEN PARTNERSHIPS WITH STAKEHOLDERS, STATE AND LOCAL GOVERNMENT, SERVICE PROVIDERS, PRIVATE BUSINESSES, AND OTHER ARC PROVIDERS TO ENSURE THAT WE LEARN FROM THOSE AROUND US HOW TO BETTER OUR PRACTICES); AND GROWTH FOR THE FUTURE AND INNOVATION (AS THE NATURE OF DISABILITY SERVICES CHANGE, AND AS COMPENSATION MODELS ARE UPDATED, LARC WILL SEEK OUT NEW OPPORTUNITIES TO PROVIDE SUPPORTS WHILE STRIVING TO REMAIN RELEVANT AND VIABLE). FORM 990, PAGE 2, PART III, LINE 4D LARC ALSO OFFERS RECREATION, GUARDIANSHIP, ADVOCACY, TRANSPORTATION SERVICES AND AN AUTISM RESOURCE CENTER. LARC'S SOCIAL ENRICHMENT PROGRAM HAS RESUMED AFTER BEING PAUSED DUE TO COVID. THE PROGRAM IS FUNDED SOLELY BY PRIVATE DONATIONS, PROVIDING CRITICAL RESPITE AND RECREATIONAL OPPORTUNITIES SUCH AS GROUP OUTINGS, SOCIAL GATHERINGS, AND SPECIAL OLYMPICS. LARC'S AUTISM RESOURCE CENTER HAS BECOME KNOWN IN THE REGION FOR PROVIDING INNOVATIVE SUPPORTS TO AREA YOUTH. WE ARE WORKING TO ALIGN OUR PROGRAMMING WITH AVAILABLE FUNDING, TO HELP ENSURE FISCAL STABILITY AND THE ABILITY TO PROVIDE ASD SUPPORTS THAT ARE BILLABLE AND IN ACCORDANCE WITH STATE AND FEDERAL REQUIREMENTS. IT IS OUR INTENTION TO MOVE THE CENTER FROM GRANT AND DONOR-FUNDED TO OFFICIAL ASD PROVIDER FUNDED IN THE NEXT YEAR OR TWO. LARC'S BOARD OF DIRECTORS MADE THE DECISION TO SUSPEND CAMP OPERATIONS IN 2021, AND FURTHER, TO SELL THE CAMP PROPERTY, WHICH HAD BECOME A DRAIN ON AGENCY OPERATIONS AND FINANCES. WE CLOSED ON THE SALE OF THE PROPERTY IN MAY 2023. THIS WILL HELP US FOCUS MORE FULLY ON OUR CORE MISSION, AND WILL BE BENEFICIAL TO THE AGENCY IN MANY WAYS. FORM 990, PAGE 6, PART VI, LINE 4 ONE JULY 25, 2023 THE BOARD APPROVED A CHANGE IN THE BYLAWS REQUIRING A MINIMUM OF 3 BOARD MEMBERS AND MAXIMUM OF 16 AT ANY GIVEN TIME. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERSHIP SHALL BE OPEN TO ANY DUES PAYING INDIVIDUAL, FAMILY OR ASSOCIATE, AGE 18 OR OLDER, SUPPORTING THE PURPOSE AND MISSION OF THE ORGANIZATION, REGARDLESS OF RACE, CREED, COLOR, NATIONAL ORIGIN, HANDICAP, GENDER, SEXUAL ORIENTATION, AGE, OR ANCESTRY. IN ADDITION, HONORARY MEMBERS CAN BE APPOINTED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE DIRECTOR OF FINANCE AND EXECUTIVE DIRECTOR FIRST REVIEW THE 990 FOR COMPLETENESS AND ACCURACY. THE 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS DISCLOSE AT THE FIRST BOARD MEETING OF THE YEAR OR AS A SITUATION OCCURS. THE BOARD MONITORS AND HAS A PROCEDURE FOR DETERMINING IF THERE IS A CONFLICT. THE INDIVIDUAL REFRAINS FROM DISCUSSION AND VOTING UNLESS QUESTIONS ARE ASKED OF THEM. FORM 990, PAGE 6, PART VI, LINE 15A THE PAST PRESIDENT AND THE CURRENT PRESIDENT OF THE BOARD OF DIRECTORS EVALUATE THE EXECUTIVE DIRECTOR. BASED ON THE SCORING ON THE EVALUATION TOOL THE TEAM DETERMINES THE INCREMENT TO BE APPLIED TO COMPENSATION. THE EXECUTIVE DIRECTOR PROVIDES THE TEAM WITH COMPARATIVE SALARY DATA WHICH IS DERIVED FROM THE MOST CURRENT SALARY SURVEYS AVAILABLE FROM THE CT COMMUNITY PROVIDERS ASSOCIATION, NORTHWEST CT CHAMBER OF COMMERCE, GUIDESTAR, AND THE CT NONPROFIT ALLIANCE ALONG WITH OTHERS. COMPENSATION IS DETERMINED FOR THE EXECUTIVE DIRECTOR AFTER A REVIEW OF COMPENSATION BY SPECIFIC MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR DETERMINES COMPENSATION REVISIONS FOR KEY EMPLOYEES AFTER REVIEW OF DATA. MANY TIMES THE COMPENSATION INCREASES IN LINE WITH THE PERCENTAGE INCREASE OF THE CONTRACT FROM THE CT STATE DDS. FORM 990, PAGE 6, PART VI, LINE 15B EMPLOYEE APPRAISALS ARE GENERALLY GIVEN EACH YEAR IN WRITING AND ARE PERFORMANCE BASED. COMPARATIVE SALARY DATA IS DERIVED FROM THE MOST CURRENT SALARY SURVEYS AVAILABLE FROM THE CT NONPROFIT ALLIANCE, NORTHWEST CT CHAMBER OF COMMERCE, GUIDESTAR, AND THE CT ASSOCIATION OF NOT-FOR-PROFITS ALONG WITH OTHERS. FORM 990, PAGE 6, PART VI, LINE 19 INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 NET ASSETS RELEASED FROM RESTRICTION 55,197 FUNDRAISING EXPENSES 3,480 NET ASSETS RELEASED FROM RESTRICTION -55,197 FUNDRAISING EXPENSES -3,480