For calendar year 2015 or other tax year beginning 01/01, 2015, and ending 12/31,

Transcription

1 Exept Organization Business ncoe Tax Return OMB No For 990-T (and proxy tax under section 6033(e)) Departent of the Treasury nternal Revenue Service Open A Check box if address changed For calendar year 2015 or other tax year beginning 01/01, 2015, and ending 12/31, À¾µ¹ nforation about For 990-T and its instructions is available at to Public nspection for Do not enter SSN nubers on this for as it ay be ade public if your organization is a 501(c). 501(c) Organizations Only Nae of organization ( Check box if nae changed and see instructions.) D Eployer identification nuber (Eployees' trust, see instructions.) B Exept under section AMERCAN NSTTUTE OF PHYSCS, NC. X 501( C )( 3 ) Print Nuber, street, and roo or suite no. f a P.O. box, see instructions or 408(e) 220(e) E Type 408A 530(a) ONE PHYSCS ELLPSE 529(a) C Book value of all assets at end of year F City or town, state or province, country, and ZP or foreign postal code Group exeption nuber (See instructions.) Unrelated business activity codes (See instructions.) G Check organization type 501(c) corporation 501(c) trust 401(a) trust Other trust H Describe the organization's priary unrelated business activity. During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? Yes No f "Yes," enter the nae and identifying nuber of the parent corporation. J The books are in care of Telephone nuber Part Unrelated Trade or Business ncoe (A) ncoe (B) Expenses (C) Net 1a Gross receipts or sales b Less returns and allowances c Balance 1c 2 Cost of goods sold (Schedule A, line 7) 2 3 4a b c Gross profit. Subtract line 2 fro line 1c Capital gain net incoe (attach Schedule D) Net gain (loss) (For 4797, Part, line 17) (attach For 4797) Capital loss deduction for trusts ncoe (loss) fro partnerships and S corporations (attach stateent) Rent incoe (Schedule C) Unrelated debt-financed incoe (Schedule E) nterest, annuities, royalties, and rents fro controlled organizations (Schedule F) nvestent incoe of a section 501(c)(7), (9), or (17) organization (Schedule G) Exploited exept activity incoe (Schedule ) Advertising incoe (Schedule J) Other incoe (See instructions; attach schedule) 13 Total. Cobine lines 3 through 12 Part ,956,030. X COLLEGE PARK, MD ADVERTSNG AND NVESTMENTS N PARTNERSHPS 3 4a 4b 4c CATHERNE G. SWARTZ, CFO ,408,684. 2,635, ,284. Deductions Not Taken Elsewhere (See instructions for liitations on deductions.) (Except for contributions, deductions ust be directly connected with the unrelated business incoe.) Copensation of officers, directors, and trustees (Schedule K) Salaries and wages Repairs and aintenance Bad debts nterest (attach schedule) Taxes and licenses Charitable contributions (See instructions for liitation rules) Depreciation (attach For 4562) 21 Less depreciation claied on Schedule A and elsewhere on return 22a Depletion Contributions to deferred copensation plans Eployee benefit progras Excess exept expenses (Schedule ) Excess readership costs (Schedule J) Other deductions (attach schedule) Total deductions. Add lines 14 through 28 Unrelated business taxable incoe before net operating loss deduction. Subtract line 29 fro line 13 Net operating loss deduction (liited to the aount on line 30) Unrelated business taxable incoe before specific deduction. Subtract line 31 fro line 30 Specific deduction (Generally $1,000, but see line 33 instructions for exceptions) Unrelated business taxable incoe. Subtract line 33 fro line 32. f line 33 is greater than line 32, enter the saller of zero or line 32 70, , ,456. ATCH 1-23,456. 3,342,418. 2,635, , ,523. ATCH 2 19, b 27 ATTACHMENT ,239. For Paperwork Reduction Act Notice, see instructions. For 990-T (2015) 5X X 1, , , , ,592. 1, , KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 65

2 AMERCAN NSTTUTE OF PHYSCS, NC Part Tax Coputation 35 Organizations Taxable as Corporations. See instructions for tax coputation. Controlled group For 990-T (2015) Page 2 ebers (sections 1561 and 1563) check here See instructions and: a Enter your share of the $50,000, $25,000, and $9,925,000 taxable incoe brackets (in that order): $ $ $ b Enter organization's share of: Additional 5% tax (not ore than $11,750) $ $ Additional 3% tax (not ore than $100,000) c ncoe tax on the aount on line Trusts Taxable at Trust Rates. See instructions for tax coputation. ncoe tax on Tax rate schedule or Schedule D (For 1041) 36 the aount on line 34 fro: 37 Proxy tax. See instructions Alternative iniu tax Total. Add lines 37 and 38 to line 35c or 36, whichever applies 39 Part V Tax and Payents 40 a Foreign tax credit (corporations attach For 1118; trusts attach For 1116) 40a b Other credits (see instructions) 40b c General business credit. Attach For 3800 (see instructions) 40c d Credit for prior year iniu tax (attach For 8801 or 8827) 40d e Total credits. Add lines 40a through 40d 40e 41 Subtract line 40e fro line Other taxes. Check if fro: For 4255 For 8611 For 8697 For 8866 Other (attach schedule) Total tax. Add lines 41 and a Payents: A 2014 overpayent credited to a b 2015 estiated tax payents 44b c Tax deposited with For c d Foreign organizations: Tax paid or withheld at source (see instructions) 44d e Backup withholding (see instructions) 44e f Credit for sall eployer health insurance preius (Attach For 8941) 44f g Other credits and payents: For 2439 Other For 4136 Total 44g 45 Total payents. Add lines 44a through 44g Estiated tax penalty (see instructions). Check if For 2220 is attached Tax due. f line 45 is less than the total of lines 43 and 46, enter aount owed Overpayent. f line 45 is larger than the total of lines 43 and 46, enter aount overpaid Enter the aount of line 48 you want: Credited to 2016 estiated tax Refunded 49 Part V Stateents Regarding Certain Activities and Other nforation (see instructions) 1 At any tie during the 2015 calendar year, did the organization have an interest in or a signature or other authority over a financial account (bank, securities, or other) in a foreign country? f YES, the organization ay have to file FinCEN For 114, Report of Foreign Bank and Financial Accounts. f YES, enter the nae of the foreign country here 2 During the tax year, did the organization receive a distribution fro, or was it the grantor of, or transferor to, a foreign trust? f YES, see instructions for other fors the organization ay have to file. 3 Enter the aount of tax-exept interest received or accrued during the tax year $ 1 nventory at beginning of year 1 6 nventory at end of year 6 2 Purchases 2 7 Cost of goods sold. Subtract line 3 Cost of labor 3 6 fro line 5. Enter here and in 4 a Additional section 263A costs Part, line 2 7 (attach schedule) 4a 8 Do the rules of section 263A (with respect to Yes No b Other costs (attach schedule) 4b property produced or acquired for resale) apply 5 Total. Add lines 1 through 4b to the organization? X Schedule A - Cost of Goods Sold. Enter ethod of inventory valuation Sign Here Paid M 35c 5 Under penalties of perjury, declare that have exained this return, including accopanying schedules and stateents, and to the best of y knowledge and belief, it is true, correct, and coplete. Declaration of preparer (other than taxpayer) is based on all inforation of which preparer has any knowledge. May the RS discuss this return CATHERNE G. SWARTZ CFO with the preparer shown below Signature of officer Date Title (see instructions)? Yes No Print/Type preparer's nae Preparer's signature Date PTN Check if self-eployed Preparer Fir's nae Fir's EN Use Only 5X MARC BERGER P BDO USA, LLP Fir's address 8401 GREENSBORO DRVE, SUTE 800 Phone no MCLEAN, VA M X Yes No X X 0. For 990-T (2015) 0154KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 66

3 AMERCAN NSTTUTE OF PHYSCS, NC For 990-T (2015) Page 3 Schedule C - Rent ncoe (Fro Real Property and Personal Property Leased With Real Property) (see instructions) 1. Description of property (a) Fro personal property (if the percentage of rent for personal property is ore than 10% but not ore than 50%) 2. Rent received or accrued (b) Fro real and personal property (if the percentage of rent for personal property exceeds 50% or if the rent is based on profit or incoe) 3(a) Deductions directly connected with the incoe in coluns 2(a) and 2(b) (attach schedule) Total Total (b) Total deductions. (c) Total incoe. Add totals of coluns 2(a) and 2(b). Enter here and on page 1, Part, line 6, colun (A) Part, line 6, colun (B) Schedule E - Unrelated Debt-Financed ncoe (see instructions) 1. Description of debt-financed property 4. Aount of average acquisition debt on or allocable to debt-financed property (attach schedule) 5. Average adjusted basis of or allocable to debt-financed property (attach schedule) 2. Gross incoe fro or allocable to debt-financed property 6. Colun 4 divided by colun 5 % % % % 3. Deductions directly connected with or allocable to debt-financed property (a) Straight line depreciation (attach schedule) 7. Gross incoe reportable (colun 2 x colun 6) Part, line 7, colun (A). Totals Total dividends-received deductions included in colun 8 Schedule F - nterest, Annuities, Royalties, and Rents Fro Controlled Organizations (see instructions) Exept Controlled Organizations 1. Nae of controlled organization 2. Eployer identification nuber 3. Net unrelated incoe (loss) (see instructions) 4. Total of specified payents ade 5. Part of colun 4 that is included in the controlling organization's gross incoe (b) Other deductions (attach schedule) 8. Allocable deductions (colun 6 x total of coluns 3(a) and 3(b)) Part, line 7, colun (B). 6. Deductions directly connected with incoe in colun 5 Nonexept Controlled Organizations 7. Taxable ncoe 8. Net unrelated incoe (loss) (see instructions) 9. Total of specified payents ade Totals 10. Part of colun 9 that is included in the controlling organization's gross incoe Add coluns 5 and 10. Part, line 8, colun (A). 11. Deductions directly connected with incoe in colun 10 Add coluns 6 and 11. Part, line 8, colun (B). For 990-T (2015) 5X KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 67

4 For 990-T (2015) Page 4 Schedule G - nvestent ncoe of a Section 501(c)(7), (9), or (17) Organization (see instructions) 3. Deductions 4. Set-asides 5. Total deductions 1. Description of incoe 2. Aount of incoe directly connected (attach schedule) and set-asides (col. 3 (attach schedule) plus col. 4) Totals Part, line 9, colun (A). Schedule - Exploited Exept Activity ncoe, Other Than Advertising ncoe (see instructions) 1. Description of exploited activity AMERCAN NSTTUTE OF PHYSCS, NC Gross unrelated business incoe fro trade or business 3. Expenses directly connected with production of unrelated business incoe 4. Net incoe (loss) fro unrelated trade or business (colun 2 inus colun 3). f a gain, copute cols. 5 through Gross incoe fro activity that is not unrelated business incoe 6. Expenses attributable to colun 5 Part, line 9, colun (B). 7. Excess exept expenses (colun 6 inus colun 5, but not ore than colun 4). Totals Enter here and on page 1, Part, line 10, col. (A). Enter here and on page 1, Part, line 10, col. (B). Schedule J - Advertising ncoe (see instructions) ncoe Fro Periodicals Reported on a Consolidated Basis Part Enter here and on page 1, Part, line Nae of periodical 2. Gross advertising incoe 3. Direct advertising costs 4. Advertising gain or (loss) (col. 2 inus col. 3). f a gain, copute cols. 5 through Circulation incoe 6. Readership costs 7. Excess readership costs (colun 6 inus colun 5, but not ore than colun 4). Totals (carry to Part, line (5)) Part ncoe Fro Periodicals Reported on a Separate Basis (For each periodical listed in Part, fill in coluns 2 through 7 on a line-by-line basis.) 1. Nae of periodical 2. Gross advertising incoe 3. Direct advertising costs 4. Advertising gain or (loss) (col. 2 inus col. 3). f a gain, copute cols. 5 through Circulation incoe 6. Readership costs 7. Excess readership costs (colun 6 inus colun 5, but not ore than colun 4). APPLED PHYSCS LETTERS 80, ,776. 2,429. 7,896,446. 6,130,665. REVEW SCENTFC NST 164, ,987. 4,125. 3,286,600. 2,360,602. PHYSCS TODAY 2,509,570. 1,714, ,635. 2,477,375. 5,483, ,635. Totals fro Part Enter here and on page 1, Part, line 11, col. (A). Totals, Part (lines 1-5) CAREER NETWORK 588, , ,171. Enter here and on page 1, Part, line 11, col. (B). Enter here and on page 1, Part, line 27. 3,342,418. 2,635, ,635. Schedule K - Copensation of Officers, Directors, and Trustees (see instructions) 3. Percent of 1. Nae 2. Title tie devoted to 4. Copensation attributable to business unrelated business % % % % Total. Part, line 14 5X For 990-T (2015) 0154KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 68

5 AMERCAN NSTTUTE OF PHYSCS, NC ATTACHMENT 1 FORM 990T - LNE 5 -NCOME (LOSS) FROM PARTNERSHPS OAKTREE REAL ESTATE OPPORTUNTES FUND V, LP. -23,456. NCOME (LOSS) FROM PARTNERSHPS -23, KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 69

6 AMERCAN NSTTUTE OF PHYSCS, NC ATTACHMENT 2 PART - LNE 12 - OTHER NCOME CHORUS NCOME 19,523. PART - LNE 12 - OTHER NCOME 19, KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 70

7 AMERCAN NSTTUTE OF PHYSCS, NC ATTACHMENT 3 FORM 990T - PART - LNE 28 - TOTAL OTHER DEDUCTONS CHORUS EXPENSES 16,239. PART - LNE 28 - OTHER DEDUCTONS 16, KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 71

8 SCHEDULE D (For 1120) Capital Gains and Losses OMB No Attach to For 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-C-DSC, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-RET, 1120-RC, 1120-SF, or certain Fors 990-T. Departent of the Treasury nternal Revenue Service À¾µ¹ nforation about Schedule D (For 1120) and its separate instructions is at Nae Eployer identification nuber AMERCAN NSTTUTE OF PHYSCS, NC Part Short-Ter Capital Gains and Losses - Assets Held One Year or Less See instructions for how to figure the aounts to enter on the lines below. This for ay be easier to coplete if you round off cents to whole dollars. 1a Totals for all short-ter transactions reported on For 1099-B for which basis was reported to the RS and for which you have no adjustents (see instructions). However, if you choose to report all these transactions on For 8949, leave this line blank and go to line 1b 1b Totals for all transactions reported on For(s) 8949 with Box A checked 2 Totals for all transactions reported on For(s) 8949 with Box B checked 3 Totals for all transactions reported on For(s) 8949 with Box C checked (d) Proceeds (sales price) Short-ter capital gain fro installent sales fro For 6252, line 26 or 37 Short-ter capital gain or (loss) fro like-kind exchanges fro For 8824 Unused capital loss carryover (attach coputation) (e) Cost (or other basis) 7 Net short-ter capital gain or (loss). Cobine lines 1a through 6 in colun h Part Long-Ter Capital Gains and Losses - Assets Held More Than One Year See instructions for how to figure the aounts to enter on the lines below. This for ay be easier to coplete if you round off cents to whole dollars. 8a Totals for all long-ter transactions reported on For 1099-B for which basis was reported to the RS and for which you have no adjustents (see instructions). However, if you choose to report all these transactions on For 8949, (g) Adjustents to gain or loss fro For(s) 8949, Part, line 2, colun (g) (d) Proceeds (sales price) (e) Cost (or other basis) (g) Adjustents to gain or loss fro For(s) 8949, Part, line 2, colun (g) leave this line blank and go to line 8b 8b Totals for all transactions reported on For(s) 8949 with Box D checked 9 Totals for all transactions reported on For(s) 8949 with Box E checked 10 Totals for all transactions reported on For(s) 8949 with Box F checked 11 Enter gain fro For 4797, line 7 or 9 12 Long-ter capital gain fro installent sales fro For 6252, line 26 or Long-ter capital gain or (loss) fro like-kind exchanges fro For Capital gain distributions (see instructions) 15 Net long-ter capital gain or (loss). Cobine lines 8a through 14 in colun h Part Suary of Parts and Enter excess of net short-ter capital gain (line 7) over net long-ter capital loss (line 15) Net capital gain. Enter excess of net long-ter capital gain (line 15) over net short-ter capital loss (line 7) Add lines 16 and 17. Enter here and on For 1120, page 1, line 8, or the proper line on other returns (h) Gain or (loss) Subtract colun (e) fro colun (d) and cobine the result with colun (g) ( ) (h) Gain or (loss) Subtract colun (e) fro colun (d) and cobine the result with colun (g) 70, , , ,199. Note: f losses exceed gains, see Capital losses in the instructions. For Paperwork Reduction Act Notice, see the nstructions for For Schedule D (For 1120) (2015) 5E KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 72

9 For 4797 Sales of Business Property (Also nvoluntary Conversions and Recapture Aounts Under Sections 179 and 280F(b)) OMB No À¾µ¹ Attach to your tax return. Departent of the Treasury Attachent nternal Revenue Service nforation about For 4797 and its separate instructions is at Sequence No. 27 Nae(s) shown on return 1 Enter the gross proceeds fro sales or exchanges reported to you for 2015 on For(s) 1099-B or 1099-S (or substitute stateent) that you are including on line 2, 10, or 20 (see instructions) 1 Part dentifying nuber AMERCAN NSTTUTE OF PHYSCS, NC Sales or Exchanges of Property Used in a Trade or Business and nvoluntary Conversions Fro Other Than Casualty or Theft - Most Property Held More Than 1 Year (see instructions) 2 (a) Description of property (b) Date acquired (o., day, yr.) (c) Date sold (o., day, yr.) (d) Gross sales price (e) Depreciation allowed or allowable since acquisition (f) Cost or other basis, plus iproveents and expense of sale (g) Gain or (loss) Subtract (f) fro the su of (d) and (e) ATTACHMENT 1 70, Gain, if any, fro For 4684, line 39 Section 1231 gain fro installent sales fro For 6252, line 26 or 37 Section 1231 gain or (loss) fro like-kind exchanges fro For 8824 Gain, if any, fro line 32, fro other than casualty or theft Cobine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows: Partnerships (except electing large partnerships) and S corporations. Report the gain or (loss) following the instructions for For 1065, Schedule K, line 10, or For 1120S, Schedule K, line 9. Skip lines 8, 9, 11, and 12 below. ndividuals, partners, S corporation shareholders, and all others. f line 7 is zero or a loss, enter the aount fro line 7 on line 11 below and skip lines 8 and 9. f line 7 is a gain and you did not have any prior year section 1231 losses, or they were recaptured in an earlier year, enter the gain fro line 7 as a long-ter capital gain on the Schedule D filed with your return and skip lines 8, 9, 11, and 12 below. Nonrecaptured net section 1231 losses fro prior years (see instructions) 9 Subtract line 8 fro line 7. f zero or less, enter -0-. f line 9 is zero, enter the gain fro line 7 on line 12 below. f line 9 is ore than zero, enter the aount fro line 8 on line 12 below and enter the gain fro line 9 as a long-ter capital gain on the Schedule D filed with your return (see instructions) Part Ordinary Gains and Losses (see instructions) 10 Ordinary gains and losses not included on lines 11 through 16 (include property held 1 year or less): , Loss, if any, fro line 7 Gain, if any, fro line 7 or aount fro line 8, if applicable Gain, if any, fro line 31 Net gain or (loss) fro For 4684, lines 31 and 38a Ordinary gain fro installent sales fro For 6252, line 25 or 36 Ordinary gain or (loss) fro like-kind exchanges fro For 8824 Cobine lines 10 through 16 For all except individual returns, enter the aount fro line 17 on the appropriate line of your return and skip lines a and b below. For individual returns, coplete lines a and b below: a f the loss on line 11 includes a loss fro For 4684, line 35, colun (b)(ii), enter that part of the loss here. Enter the part of the loss fro incoe-producing property on Schedule A (For 1040), line 28, and the part of the loss fro property used as an eployee on Schedule A (For 1040), line 23. dentify as fro "For 4797, line 18a." See instructions b Redeterine the gain or (loss) on line 17 excluding the loss, if any, on line 18a. Enter here and on For 1040, line a 18b ( ) For Paperwork Reduction Act Notice, see separate instructions. For 4797 (2015) 5X KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 73

10 Gain Fro Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions) For 4797 (2015) Page 2 Part 19 (a) Description of section 1245, 1250, 1252, 1254, or 1255 property: A B C D These coluns relate to the properties on lines 19A through 19D. 20 Gross sales price (Note: See line 1 before copleting.) Cost or other basis plus expense of sale Depreciation (or depletion) allowed or allowable Adjusted basis. Subtract line 22 fro line Total gain. Subtract line 23 fro line f section 1245 property: a Depreciation allowed or allowable fro line 22 25a b Enter the saller of line 24 or 25a 25b 26 f section 1250 property: f straight line depreciation was used, enter -0- on line 26g, except for a corporation subject to section 291. a Additional depreciation after 1975 (see instructions) 26a b Applicable percentage ultiplied by the saller of line 24 or line 26a (see instructions) 26b c Subtract line 26a fro line 24. f residential rental property or line 24 is not ore than line 26a, skip lines 26d and 26e 26c d Additional depreciation after 1969 and before d e Enter the saller of line 26c or 26d 26e f Section 291 aount (corporations only) 26f g Add lines 26b, 26e, and 26f 26g 27 f section 1252 property: Skip this section if you did not dispose of farland or if this for is being copleted for a partnership (other than an electing large partnership). a Soil, water, and land clearing expenses 27a b Line 27a ultiplied by applicable percentage (see instructions) 27b c Enter the saller of line 24 or 27b 27c 28 f section 1254 property: a ntangible drilling and developent costs, expenditures for developent of ines and other natural deposits, ining exploration costs, and depletion (see instructions) 28a b Enter the saller of line 24 or 28a 28b 29 f section 1255 property: a Applicable percentage of payents excluded fro incoe under section 126 (see instructions) 29a b Enter the saller of line 24 or 29a (see instructions) 29b (b) Date acquired (o., day, yr.) (c) Date sold (o., day, yr.) Property A Property B Property C Property D Suary of Part Gains. Coplete property coluns A through D through line 29b before going to line Subtract line 31 fro line 30. Enter the portion fro casualty or theft on For 4684, line 33. Enter the portion fro 30 Total gains for all properties. Add property coluns A through D, line Add property coluns A through D, lines 25b, 26g, 27c, 28b, and 29b. Enter here and on line other than casualty or theft on For 4797, line 6 32 Part V Recapture Aounts Under Sections 179 and 280F(b) When Business Use Drops to 50% or Less (see instructions) 33 Section 179 expense deduction or depreciation allowable in prior years Recoputed depreciation (see instructions) Recapture aount. Subtract line 34 fro line 33. See the instructions for where to report 35 (a) Section (b) Section F(b) For 4797 (2015) 5X KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 74

11 AMERCAN NSTTUTE OF PHYSCS, NC Suppleent to For 4797 Part Detail ATTACHMENT 1 Description Date Acquired Date Sold Gross Sales Price Depreciation Allowed or Allowable Cost or Other Basis Gain or (Loss) for entire year OAKTREE RE FUND - LP VAROUS VAROUS 70, ,199. Totals 70,199. 5XA KP 701M 11/14/2016 9:00:06 AM V 15-7F PAGE 75 ATTACHMENT 1

12 AMERCAN NSTTUTE OF PHYSCS, NC FORM 990-T NET OPERATNG LOSS DEDUCTON ATTACHMENT 4 LOSS PREVOUSLY LOSS AVALABLE TAX YEAR LOSS SUSTANED APPLED REMANNG THS YEAR 12/31/ , , , ,954 12/31/ , , ,271 12/31/ , , ,387 12/31/ , ,379 1,005,766 12/31/ , ,059 1,164,825 12/31/ ,164,825 12/31/ ,506-34,506 1,199,331 12/31/ ,787 (299,787) 899,544 12/31/ ,592-38, ,136 NOL CARRYFORWARD TO 12/31/ ,136