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    <IRS990ScheduleD documentId="RetDoc1040000001">
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A DRAFT OF FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER WITH A FINAL VERSION MADE AVAILABLE TO THE BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TREASURER REVIEWS ALL FINANCIAL TRANSACTIONS AND WOULD BE AWARE OF ANY WITH THE POTENTIAL FOR CONFLICT OF INTEREST.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRESIDENT, VICE PRESIDENT, TREASURER AND CORPORATE SECRETARY ARE EMPLOYEES OF THE UNIVERSITY OF VERMONT WITH ANNUAL COMPENSATION REVIEWS FOLLOWING THE NORMAL PROCEDURES FOR FACULTY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS NEVER BEEN ASKED FOR ITS ORGANIZATIONAL DOCUMENTS, FINANCIAL STATEMENTS, OR CONFLICT OF INTEREST POLICY AND HAS NO FORMAL POLICY RELATED TO THE PUBLIC INSPECTION OF THIS INFORMATION.</ExplanationTxt>
      </SupplementalInformationDetail>
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</Return>