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Operation Blessing International/ OBI/ Pat Robertson

Rating
Sector:

Relief and Development

Total
Revenue:

$211,130,000

Total
Expenses:

$199,930,000

Net
Assets:

$21,819,000

Profile Changes

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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 81.8% 93.7%
General & Admin 12.5% .5%
Fundraising 6.3% .4%
Savings -.5% 5.3%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Operation Blessing International (OBI) provides short-term relief and development assistance to economically disadvantaged people and victims of disaster throughout the world. In the United States, OBI focuses on providing food, clothing and other material assistance to inner-city and rural families facing financial hardship. Founded on November 14, 1978 by religious broadcaster, Pat Robertson, Operation Blessing International was originally intended to meet the needs of struggling individuals and families by providing items such as clothing, appliances, vehicles, etc., to be donated by viewers of The 700 Club. As of the present Operation Blessing has helped more than 155 million people in 96 countries and all 50 states as well as distributed goods valued at more than $500 million. Internationally, OBI emphasizes medical missions and resource development in under-served nations and countries requesting assistance. Operation Blessing International is a member of the Association of Evangelical Relief and Development Organizations and is registered with the Federal Emergency Management Association and the United States Agency for International Development. Contributions to OBI are fully tax deductible to the extent allowed by law. In addition, OBI is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:977 Centerville Turnpike CSB 322
Virginia Beach, VA
23463-3463
Website: www.ob.org
Phone:(757) 226-3401
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 541382657
CEO/President: Mr. Bill Horan Tax Deductible: Yes
Chairman: M.G. Robertson Fiscal Year End: March 31
Board Size: 8 Financial info from: Audit
Founder: Mr. Pat Robertson Member of ECFA: Yes
Year Founded: 1978 Member of ECFA since: 1995

Purpose [ Back to top ]

Operation Blessing International Relief & Development Corporation (OBI) is on the frontlines providing relief in real time for those hurting in the U.S. and abroad.

By implementing programs that provide hunger relief, medical aid, disaster relief, clean water, microenterprise and sommunity development, OBI has helped more than 202.7 million people in more than 105 countries and all 50 states as well as distributed goods valued at more than $1.4 billion.

Founded on November 14, 1978 by religious broadcaster, Pat Robertson, OBI was originally intended to meet the needs of struggling individuals and families by providing items such as clothing, appliances, vehicles, etc., to be donated by viewers of The 700 Club.

Operation Blessing International is a member of the Association of Evangelical Relief and Development Organizations and is registered with the Federal Emergency Management Association and the United States Agency for International Development.

Contributions to OBI are fully tax deductible to the extent allowed by law. In addition, OBI is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Operation Blessing uses the following to express its mission:

The mission of Operation Blessing International is to demonstrate God's love by alleviating human need and suffering in the United States and around the world.

In efforts to relieve human suffering we combat hunger, deprivation and physical affliction with the provision of food, clothing, shelter, medical care and other basic necessities of life. We also help facilitate the development of healthy, vibrant and self-sustaining communities by addressing larger issues of education, food security, potable water, employment, community health, and disaster mitigation projects. In every endeavor, OBI seeks to exemplify Christian compassion and benevolence while conforming to the highest standards of integrity.

Program Accomplishments [ Back to top ]

Operation Blessing's accomplishments and programs include the following:

Bless A Child
The Bless-A-Child program (BAC) works with local churches and organizations to meet the basic physical, emotional, and spiritual needs of at-risk children and youth. Hundreds of thousands of young people have participated in the programs. These programs presently exist in countries including Philippines, Russia, Ukraine, Romania, Kazakhstan, Afghanistan, Mexico, South Africa as well as United States. Right now in New York City an OBI sponsored counseling center lends comfort and provides answers to children suffering from post-traumatic stress disorder, due to the terrorist attacks on September 11, 2001.

Medical Services
Using multi-national volunteer medical teams, we have provided hundreds of thousands of medical services in countries including Afghanistan, Albania, Belarus, Bolivia, Brazil, Chile, China, Colombia, El Salvador, Ghana, Guatemala, India, Israel, Kazakhstan, Kenya, Kosovo, Mexico, Nepal, Nicaragua, Pakistan, Palestine, Philippines, Romania, Rwandan refugee camps, Vietnam, and Ukraine!

Hunger Strike Force
OBI uses the Hunger Strike Force, a fleet of refrigerated tractor-trailers, to transport millions of pounds of food, clothing, medical and disaster relief, and building supplies in the USA to disadvantaged individuals, families, and victims of disaster.

Since its inception in 1992, the Hunger Strike Force has:

  • delivered and given away more than 164 million pounds of food
  • provided more than 109 million meals to the needy
  • driven more than 4.4 million miles
  • provided 9.7 million pounds of relief and disaster relief supplies assistance.

Hope Works
Hope Works is making a positive impact in the lives and families of thousands of people around the world -- changes that should last for generations to come. In Milwaukee alone hundreds of men and women have graduated from a rigorous Life Skills Training program so they are equipped to enter the work force with the confidence and skills set needed to succeed. Across the globe in South Africa hundreds of other once unemployed men and women are now seamstresses and mechanics supporting their families through Sewing Cooperatives we helped establish in their townships. Not only can they now buy food for their children, they can also provide required school supplies and uniforms as well.

Living Waters
It is estimated that today a child will die every eight seconds of water-related diseases (World Health Organization). These problems don’t have to continue! Providing both accessible and clean fresh drinking water to millions is now possible. Operation Blessing has helped and will continue to help tens of thousands of people living in places including Cambodia, China, Guatemala, India, Kenya, Mexico, Philippines, Romania and Uganda.

Statement of Faith [ Back to top ]

Operation Blessing International uses the following to express its statement of faith:

  • We believe that the Holy Bible is the inspired, infallible, and authoritative source of Christian doctrine and precept.

  • We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

  • We believe that man was created in the image of God, but as a result of sin is lost and powerless to save himself.

  • We believe that the only hope for man is to believe on Jesus Christ, the virgin-born Son of God, who died to take upon Himself the punishment for the sin of mankind and who rose from the dead so that by receiving Him as Lord, man is redeemed by His blood.

  • We believe that Jesus Christ in person will return to earth in power and glory.

  • We believe that the Holy Spirit indwells those who have received Christ for the purpose of enabling them to live righteous and godly lives.

  • We believe that the church is the body of Christ and is composed of all those who through belief in Christ have been spiritually regenerated by the indwelling Holy Spirit. The mission of the church is worldwide evangelization on the one hand and the nurture and discipline of Christians on the other.

    History [ Back to top ]

    Founded on November 14, 1978 by religious broadcaster, Pat Robertson, OBI was originally set up to meet the needs of struggling individuals and families by providing items such as clothing, appliances, vehicles, etc. that were donated by viewers of The 700 Club. However, as requests for assistance poured in, Robertson and the board of the Christian Broadcasting Network, Inc. (CBN) decided to make a financial commitment for OBI assistance out of CBN's general fund.

    OBI's impact increased dramatically when local churches and organizations agreed to provide matching funds for assistance projects and individual aid. With the help of these groups, OBI began providing low-income families with food baskets, help with delinquent rent and utility bills, new school clothes and other necessities. Other needs led to additional projects, such as an annual distribution of thousands of blankets to the homeless and a program that provides seeds for community vegetable gardens.

    In 1986, Operation Blessing International was formed as a non-profit organization to handle international relief projects. Operation Blessing projects in the United States continued under the auspices of CBN until 1993, when all Operation Blessing activities were transferred to OBI.

    OBI's medical missions, which provide medical relief in under-served countries, undertook its first mission in 1994. This program sends volunteer teams of doctors, dentists, other health care professionals and support staff on one- to two-week missions. The teams typically provide a variety of basic medical and surgical services. In 1996, OBI commissioned The Flying Hospital, a specially equipped L1011 jet aircraft. This plane is capable of providing world-class medical/surgical services to people in developing countries and disaster-stricken areas. At the present time, however, in lieu of rising terrorist attacks and world conflict, it has been decided Operation Blessing will not use The Flying Hospital on further missions at this time.

    In 1997 OBI committed itself to serving more struggling people in America by expanding our partnership efforts and mobilizing thousands of Christians to help people in need and reach the lost.

    Ministry Needs [ Back to top ]

    Operation Blessing International has communicated the following needs:

    Children around the world suffer from the effects of poverty. Many don’t have access to adequate food, medicine, clothing and school supplies. Your contribution can give boys and girls hope for tomorrow! Thank you for helping Operation Blessing reach out to hurting people all over the world. Your gift will quickly go to work to help break the cycle of suffering and bring lasting hope to many in need. See the ministry's website for more information.

    Research Analysis

    Transparency Grade [ Back to top ]

    Transparency Grade of : A
    Criteria categoryGradeOther Comments
    Timeliness:100
    Financial Information:100
    Foundational Clarity:1002/22/2008 1:17:07 PM: Descriptive information was abundant and thorough.
    Level of Cooperation:1002/22/2008 1:17:17 PM: Answers to questions were thorough.
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    MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

    Ranking CategoryRatingOverall RankRelief and Development Sector
    Overall Efficiency RatingStarStarStarStarStar4 of 352    4 of 54
    Fund Acquisition DecisionStarStarStarStarStar20 of 352      9 of 54
    Resource Allocation DecisionStarStarStarStarStar14 of 352      11 of 54
    Asset Utilization DecisionStarStarStarStarStar34 of 352      11 of 54
    Learn how the ratings are calculated for this ministry
    Learn how ratings are calculated in general -- or here for a longer explanation
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    Shining Light [ Back to top ]

    2006 MinistryWatch.com Shining Light top ministry list

  • Supporters Might Say:

    • Addressing real human need
    • Satisfies all the criteria for a faith-based humanitarian effort
    • Excellent example of Christians maximizing resources
    • Excellent example of cooperation among politically and religiously divergent groups
    • Excellent opportunity to demonstrate the love of Christ to those in need
    • Publicly advocates financial transparency and accountability. OBI has demonstrated superior openness and transparency through the degree of its responsiveness and the quality and quantity of information provided. OBI carries an abundance of information about itself on its website.

    Critics Might Say:

    • Alternately, not enough / too much Gospel emphasis
    • Confuses humanitarian relief with evangelism and witnessing the Gospel
    • Co-operation with secular interests opens the door to compromise
    • Similar resources spent on evangelism and church planting would be more effective in advancing the cause of Christ
    • Robertson has become a lightning rod for criticism by his opponents, distracting from the real humanitarian effort
    • Robertson’s real ambition is political

    Worldview Considerations:

    • OBI’s worldview is from a Christian theistic sense, in belief of the existence of one supremely powerful and personal God
    • OBI’s motivation is derived from the Bible
    • Robertson personally espouses Charismatic interpretation of the Holy Spirit’s Person and work
    • Possibility of confusion between God’s love for the world as manifested in His offer of the Son (Jn. 3:16), Christ’s sorrow for Israel (Mtt. 23:37), and compassion for the multitudes (Mtt. 9:36). Some evangelicals will regard Robertson’s use of Christ’s love for Israel as a model for Christian compassion toward the world as somewhat strained.
    • OBI’s interpretive view of Scriptural injunction to service to mankind is instead viewed by many evangelicals as an injunction to serve the Body of Christ. OBI seems to use certain Scriptural admonitions of service to the Body of Christ as inspiration for service to mankind in general.
    • Robertson’s initial charitable motivation is based on Old Testament prophetic pronouncement of renewed blessing to Israel (Isa. 58:5-11), not to the Church of Jesus Christ. Robertson’s blurring of distinction between God’s dealing with Israel and His dealing with the Church, in different economies, will be unacceptable to some Bible students.

    Analyst Comments [ Back to top ]

    Prior MinistryWatch.com Shining Light ‘Top 30’ Exemplary Ministry. Previously listed from 2005 - 2007.

    MinistryWatch.com desires to see overall giving to Biblical Christian values increase and as such we developed this format to highlight those ministries which are exemplary. The list is a sampling of the “best ministries” and outstanding examples when we consider Philippians 4:8 and weigh and take account of those ministries that are excellent and worthy of praise.

    These ministries are called ‘Shining Lights’ because they are indeed models of letting their Christian light shine before men so that the Gospel may be proclaimed and God be glorified. Consequently, we are shining a figurative light on them so that donors may be aware of their good works and other ministries may learn from their examples.

    While identifying the best ministries is challenging given the selfless work that so many do for the cause of Christ, MinistryWatch.com believes that the list of 30 excellent ministries will be helpful to many. Each of the ministries has the following important features in common:

    • Legitimate nonprofit ministry and purpose.
    • Have shown a willingness to treat donors fairly via a Transparency Grade of “A”.
    • Are unashamed of being identified as an evangelical Christian ministry.
    • MinistryWatch.com researchers knows of no significant issues that would be of concern to donors.
    A high MinistryWatch.com Financial Efficiency Rating was not a requirement for inclusion on this list although most do have good ratings. Many factors were reviewed and strengths in other areas can offset weakness in financial efficiency when determining whether a ministry should be of interest to donors seeking to be good stewards of their giving. Only you can decide for yourself with confidence if a ministry shares your values and with your giving plan.

    This is just another step in our mission of encouraging Christians to give more of their talents and resources to Kingdom-building efforts. In short, we wish to help spread the Gospel of Christ by helping Christians give more and more effectively to the works of the Lord. If the Lord uses our list as part of that process, we will have been a blessing to both those ministries who have been ‘good and faithful servants’ with the Lord’s resources and to Christian donors who are seeking to be good stewards of their giving.
    =============================

    MinistryWatch.com’s Take
    February 2003 By Dan Wray
    Updated September 2006 By Rodney Pitzer


    Operation Blessing International Relief and Development Corporation (OBI) is motivated by the Bible to rain down a shower of blessing upon the world’s poor and needy. The method is in the form of humanitarian relief such as food, clothing, medical supplies, equipment, financial support, as well as the furnishing of services, transportation and facilities. MinistryWatch.com is able to conclude that OBI is capable of accomplishing its mission very efficiently compared to other ministries as evidenced by its 5 Star Financial Efficiency rating. In addition, it demonstrates superior transparency.

    “Test me now herewith, saith the Lord of Hosts, if I will not open for you the windows of heaven, and pour out for you a blessing that there shall not be room to receive it.”

    Scripture speaks in both testaments of “blessing” as an act of gracious bestowment, of the one receiving blessing as “happy.” Confident of blessing even before the visible evidence, Elijah alerted the pagan King to a “sound of abundance of rain(1 Kings 18:41),” while Paul reminds New Testament saints that they have been blessed “with all spiritual blessings in heavenly places in Christ (Eph. 1:3).” Fitting indeed, the name “Blessing,” for a ministry whose mission is to “alleviate human need and suffering in the United States and around the world,” so demonstrating the love of God.

    Operation Blessing was conceived in 1978 by M. G. “Pat” Robertson as a means for bringing desperate need together with the generous supply of the people of God. In Robertson’s words, “one of the cornerstones of our Christian faith is to serve others, ...to help people who cannot help themselves. ” The informal partnership of local churches, benevolent helping agencies and viewers of Robertson’s Christian Broadcasting Network (CBN) affiliate, the 700 Club, permitted Operation Blessing to dramatically increase crisis response to individuals and low income families ranging from food, groceries and household essentials to underwriting of rent, utilities and needed transportation. Robertson had grown CBN and his own personal resume from the obscurity of a fledgling UHF TV station in the early 60’s to an imposing broadcast media force, with Robertson himself becoming a household name. CBN became the media platform for his humanitarian venture as community projects quickly increased to include such things as annual blanket distribution and cultivation of vegetable gardens. International outreach began in 1986 under the auspices of Operation Blessing International Relief and Development, with global famine relief and medical supplies going to disaster hot spots in such quantities that by year ten, OB had spent $40 million in contributions and leveraged that amount several times over. Organizational development continued until, in 1993, all humanitarian efforts were coordinated under Operation Blessing International, operating independently from formal CBN affiliation.

    “Sound of abundance of rain...”
    In 1992, OBI established Hunger Strike Force, a fleet of trucks distributing donated groceries and non-perishables through volunteer churches nationwide, and within a very few years, had distribution centers on both coasts. Operation Blessing’s Convoy of Hope partners with churches and other volunteer ministries to combine relief assistance with evangelistic outreach. Other efforts emerging in the 90’s included international dispatching of tactical medical teams, and WINGS Life Skills Training (which has currently been discontinued), designed to make the “chronically unemployed” employable. Today, OBI publications list many separate relief and development programs under its auspices, each with program-specific donor involvement opportunities and posted news updates. OBI is dynamic with its programs and stays current to the needs it is best able to meet with its resources. Some of its programs are as follows:
    • Bless-A-Child gives community-based help to at-risk children by providing food, clothing, and safety in after school and seasonal programs with positive role models.
    • Disaster Relief facilitates transportation (Hunger Strike Force) and distribution of life essentials to natural disaster crisis areas through the co-operation of community-based donor networks and relief centers, federal agencies and international distribution organizations, and volunteer groups such as the Red Cross.
    • Hope Works offers economic stimulus, development resources and entrepreneurial imagination to struggling communities, families and individuals through broad co-operation of local churches and other Christian volunteer groups around the world. OBI involvement ranges from education in business and development strategies to training in life skills.
    • Hunger Strike Force transports tons of donated fresh and canned produce, essential dry goods and non-perishables, medicine, nutritional and agricultural supplements, cleaning and building supplies, and varied appliances to disadvantaged and disaster victims across America and around the world. Begun with three tractor-trailers in the early nineties, HSF today has traffic routing hubs on both coasts, accepting donations from nationally recognized retail chains and facilitating volunteer humanitarian efforts of local and nationally recognized groups from every profession and walk of life.
    • Medical Services undertakes to provide a broad range of emergency medical services and urgent health care necessities to poor and underdeveloped areas world wide, through volunteer medical personnel, medicine, vitamins and equipment. Quick-strike teams numbering in personnel as few as 8 and as large as 150, followed by volunteer support personnel and educational services have provided a full range of needed medical responses in dozens of countries around the globe. Long-range support and preventative services have included establishment of pharmacies, mobile clinics, prenatal care and immunization programs, continuing-education, and ongoing co-operation among churches, volunteer support groups and existing government agencies.
    • Water Wells and Cisterns provides thousands of families living in rural villages with clean, sanitary water every year.

    Donations
    Openly dedicated to Biblical stewardship, Operation Blessing International’s aim is to maximize available resources by leveraging financial commitments and attracting matching funds among donors. With an imposing resume as a Christian, educator, author, and businessman, Robertson certainly seems to have been equipped to originate an organization such as this. Far from “burying their talents in the ground,” the organization has demonstrated willingness to be imaginative and innovative in optimizing donor-dollars and personal involvement, with a track record of astonishing results in co-operative networking of distribution efforts, deployment of specialized and support personnel – professional and otherwise, and aggressive acquisition and allocation of state-of-the art equipment resources. As a member of the Evangelical Council for Financial Accountability (ECFA), OBI welcomes inquiry into their “standards of accountability,” by “donors, |the| government, and other interested people,” and posts a resource allocation summary, “Fiscal Year in Review,” on the ministry’s website. Donor opportunities are many and varied, from small individual contributions to wide-ranging corporate sponsorship, including voluntary diversion of corporate-sponsored giving from established charities such as United Way to OBI and its adjuncts. Though ministry volunteers number in the hundreds, key staff personnel number in the teens, Spartan considering the ministry’s wide-ranging global impact. In view of past success in touching the pulse of charitable giving and humanitarian volunteerism, one can hardly doubt OBI’s proven formula. If these things legitimately witness God’s willingness to pour out blessing, bring on the rain!

    Ministry Statement or Response [ Back to top ]

    Financial Information:

    Financial Ratios[ Back to top ]

    Funding RatiosDatabase Average20062005200420032002
    Return on FR Efforts9%0%0%0%0%0%
    Fundraising Cost Ratio6%0%0%0%0%0%
    Contributions Reliance83%99%100%0%0%0%
    Fundraising Expense Ratio6%1%0%0%0%0%
    Other Revenue Reliance17%1%0%0%0%0%
    Operating RatiosDatabase Average20062005200420032002
    Program Expense Ratio81%99%99%0%0%0%
    Spending Ratio100%95%97%0%0%0%
    Program Output Ratio82%94%96%0%0%0%
    Savings Ratio-1%5%3%0%0%0%
    Reserve Accumulation Rate2%51%79%0%0%0%
    General & Admin Ratio12%1%0%0%0%0%
    Investing RatiosDatabase Average20062005200420032002
    Total Asset Turnover2.62x6.76x6.11x0x0x0x
    Degree of L-T Investment2.93x1.07x1.01x0x0x0x
    Current Asset Turnover4.83x7.21x6.2x0x0x0x
    Age of Assets9.7yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
    Liquidity RatiosDatabase Average20062005200420032002
    Current Ratio121.41x3.58x1.36x0x0x0x
    Current Liabilities Ratio.31x.28x.73x0x0x0x
    Liquid Reserve Level5.75x1.2x.52x0x0x0x
    Solvency RatiosDatabase Average20062005200420032002
    Liabilities Ratio.23x.26x.72x0x0x0x
    Debt Ratio.06x0x0x0x0x0x
    Reserve Coverage Ratio87%11%5%0%0%0%

    Financials[ Back to top ]

    Balance Sheet
    Assets20062005200420032002
    Cash$20,194,000$10,288,000$2,390,000$1,005,000$1,085,000
    Receivables, Inventories & Prepaids$7,546,000$27,656,000$285,000$305,000$286,000
    Short-Term Investments$0$0$0$0$0
    Other Current Assets$0$0$0$0$0
    Total Current Assets$27,741,000$37,944,000$2,675,000$1,310,000$1,371,000
    Long-Term Investments$0$0$0$0$0
    Fixed Assets$1,726,000$387,000$1,529,000$1,560,000$1,807,000
    Other Long-Term Assets$100,000$125,000$0$0$0
    Total Long-Term Assets$1,826,000$512,000$1,529,000$1,560,000$1,807,000
    TOTAL ASSETS$29,567,000$38,456,000$4,204,000$2,871,000$3,179,000
    Liabilities20062005200420032002
    Payables & Accrued Expenses$1,096,000$796,000$487,000$444,000$612,000
    Other Current Liabilities$6,651,000$27,041,000$146,000$3,000$103,000
    Total Current Liabilities$7,748,000$27,837,000$633,000$447,000$715,000
    Debt$0$0$0$0$0
    Due To (From) Affiliates$0$0$1,326,000$1,526,000$1,526,000
    Other Long-Term Liabilities$0$0$3,000$6,000$9,000
    Total Long-Term Liabilities$0$0$1,329,000$1,532,000$1,535,000
    TOTAL LIABILITIES$7,748,000$27,837,000$1,963,000$1,980,000$2,251,000
    Assets20062005200420032002
    Unrestricted$6,014,000$4,345,000$2,120,000$824,000($108,000)
    Temporarily Restricted$15,805,000$6,273,000$120,000$66,000$1,036,000
    Permanently Restricted$0$0$0$0$0
    NET ASSETS$21,819,000$10,619,000$2,241,000$890,000$927,000
    Revenue and Expenses
    Revenue20062005200420032002
    Total Contributions$209,839,000$242,740,000$191,866,000$64,791,000$46,360,000
    Program Service Revenue$0$0$0$0$0
    Membership Dues$0$0$0$0$0
    Investment Income$0$71,000$0$122,000$224,000
    Other Revenue$1,291,000$707,000$977,000$0$0
    Total Other Revenue$1,291,000$778,000$977,000$122,000$224,000
    TOTAL REVENUE$211,130,000$243,519,000$192,844,000$64,913,000$46,585,000
    Expenses20062005200420032002
    Program Services$197,853,000$233,457,000$190,410,000$63,750,000$45,180,000
    Management & General$1,062,000$705,000$585,000$579,000$480,000
    Fundraising$1,014,000$979,000$497,000$620,000$810,000
    TOTAL EXPENSES$199,930,000$235,141,000$191,494,000$64,950,000$46,470,000
    Change in Net Assets20062005200420032002
    SURPLUS (DEFICIT)$11,200,000$8,377,000$1,350,000($37,000)$114,000
    Other Changes in Net Assets$0$0$0$0$0
    TOTAL CHANGE IN NET ASSETS$11,200,000$8,377,000$1,350,000($37,000)$114,000