TY 2014 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(1) ANN MARIE SENIOR........................................................................ CHAIRPERSON	1.00 .......................	X	X	0	0
(2) BARBARA COE........................................................................ TRUSTEE	1.00 .......................	X		0	0
(3) MICHAEL DUNDAS........................................................................ TRUSTEE	0.50 .......................	X		0	0
(4) STUART M ESSIG........................................................................ TRUSTEE	0.50 .......................	X		0	0
(5) ROBERT H HARRIS........................................................................ TRUSTEE	0.50 .......................	X		0	0
(6) SA MUT A SCOTT........................................................................ TRUSTEE	0.50 .......................	X		0	0
(7) MARTIN JOHNSON........................................................................ PRESIDENT AND CEO	35.00 .......................5.00	X	X	118,556	14,471
(8) SEAN JACKSON........................................................................ TRUSTEE	0.50 .......................	X		0	0
(9) NORA BRENNAN........................................................................ TREASURER	0.50 .......................	X	X	0	0
(10) LINDA REVELLE........................................................................ TRUSTEE	0.50 .......................	X		0	0
(11) CALVIN B THOMAS JR........................................................................ TRUSTEE	0.50 .......................	X		0	0
(12) MICHELE MINTER........................................................................ VICE CHAIR	1.00 .......................	X	X	0	0
(13) OYE OLUKOTUN........................................................................ TRUSTEE	0.50 .......................	X		0	0
(14) RICHARD OBER........................................................................ SECRETARY & GENERAL COUNSEL	30.00 .......................5.00		X	24,722	988
(15) JUDY NIXON........................................................................ CFO	33.00 .......................7.00		X	49,258	5,812
(16) RALPH RIVERA........................................................................ PRINCIPAL, IYI	40.00 .......................0.00		X	64,530	11,076
(17) JOHN HART........................................................................ COO	35.00 .......................5.00		X	49,734	3,406

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	254,020	254,020
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............
4	Benefits paid to or for members ....
5	Compensation of current officers, directors, trustees, and key employees ....	818,335	610,292	129,327	78,716
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages ....	1,490,962	1,129,168	221,868	139,926
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	39,758	28,157	9,122	2,479
9	Other employee benefits .......	184,320	133,895	37,711	12,714
10	Payroll taxes ...........	245,614	173,946	56,356	15,312
11	Fees for services (non-employees):
a	Management ......	81,693	75,974	4,085	1,634
b	Legal .........	11,045	10,272	552	221
c	Accounting ...........	67,484	16,210	51,274
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	321,313	297,209	16,160	7,944
12	Advertising and promotion ....
13	Office expenses .......	37,693	8,497	11,501	17,695
14	Information technology ......	89,703	49,325	24,967	15,411
15	Royalties ..
16	Occupancy ...........	205,126	200,376	4,750
17	Travel ............	125,123	106,056	17,928	1,139
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....
20	Interest ...........	501	501
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	32,117	11,339	20,778
23	Insurance ..............	100,885	45,425	55,460
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROGRAM EXPENSES AND SU	208,211	204,169	4,042
b	VEHICLE EXPENSE	47,258	37,767	9,491
c	OTHER EXPENSES	46,070	15,393	26,974	3,703
d	TELEPHONE	27,999	17,749	8,146	2,104
e	All other expenses	13,671	94,348	-81,435	758
25	Total functional expenses. Add lines 1 through 24e	4,448,901	3,520,088	629,057	299,756
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	956,734	1
2	Savings and temporary cash investments .........	387	2	58,951
3	Pledges and grants receivable, net ...........	554,108	3	764,608
4	Accounts receivable, net .............	3,273,484	4	3,798,090
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6
7	Notes and loans receivable, net .............	25,129	7	25,129
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ..........	15,467	9	12,841
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	6,946,148
b	Less: accumulated depreciation .....	10b	622,271	6,155,980	10c	6,323,877
11	Investments—publicly traded securities ..........	2,065,472	11	1,666,495
12	Investments—other securities. See Part IV, line 11 .....	283,336	12	283,336
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........	800	15	800
16	Total assets. Add lines 1 through 15 (must equal line 34)......	13,330,897	16	12,934,127
	17	Accounts payable and accrued expenses .........	268,033	17	138,667
18	Grants payable .................		18
19	Deferred revenue ................	321,839	19	258,792
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..	175,129	23	150,000
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................	437,595	25	0
26	Total liabilities. Add lines 17 through 25.........	1,202,596	26	547,459
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	4,729,934	27	5,620,866
28	Temporarily restricted net assets ...........	5,983,401	28	5,350,836
29	Permanently restricted net assets ...........	1,414,966	29	1,414,966
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	12,128,301	33	12,386,668
34	Total liabilities and net assets/fund balances ........	13,330,897	34	12,934,127

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

ISLES INC

Employer identification number

22-2350832

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations .............................

Provide the following information about the supported organization(s).

(i)Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	6,851,752	6,379,497	5,079,426	4,541,730	4,435,799	27,288,204
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	6,851,752	6,379,497	5,079,426	4,541,730	4,435,799	27,288,204
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.						27,288,204

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..	6,851,752	6,379,497	5,079,426	4,541,730	4,435,799	27,288,204
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	101,181	29,688	46,739	102,169	47,463	327,240
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	6,691			3,074	67,579	77,344
11	Total support Add lines 7 through 10.						27,692,788

Gross receipts from related activities, etc. (see instructions) ..................

1,707,067

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

98.540 %

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

98.340 %

16a

33 1/3% support test—2014. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2014. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2014 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c.
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......
e From 2014.......

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

ISLES INC

Employer identification number

22-2350832

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization ISLES INC

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization ISLES INC

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
ISLES INC

Employer identification number

22-2350832

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

ISLES INC

Employer identification number

22-2350832

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2014

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIII and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back
1a	Beginning of year balance ....	1,605,456	1,400,644	575,043	525,000
b	Contributions ........		14,322	825,601	50,043
c	Net investment earnings, gains, and losses	149,619	190,490	21,973
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........			21,973
f	Administrative expenses ....
g	End of year balance ......	1,755,075	1,605,456	1,400,644	575,043

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

80.000 %

Temporarily restricted endowment SchDMd Bullet

20.000 %

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

Yes

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Yes

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	67,000		67,000
b	Buildings ................
c	Leasehold improvements ............	257,532	155,322	102,210
d	Equipment ................	346,585	304,483	42,102
e	Other .................	6,275,031	162,466	6,112,565
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				6,323,877

Schedule D (Form 990) 2014

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2014

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART V, LINE 4:	THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED FOR THE ISLES YOUTH CENTERED SERVICES AND TO CREATE CAPITAL.
PART X, LINE 2:	THE INTERNAL REVENUE SERVICE HAS RECOGNIZED ISLES, INC. AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CHESTNUT MONMOUTH FAMILY HOUSING, LLC AND TRENTON COMMUNITY HOLDING COMPANY ARE TAXED AS PARTNERSHIPS. ACCORDINGLY, ANY INCOME OR LOSS IS REFLECTED ON THE TAX RETURNS OF THE RESPECTIVE MEMBERS. SINCE THESE PARTNERSHIPS ARE WHOLLY OWNED BY ISLES, INC., THEY ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED 2014 AND 2013. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2011, AND FORWARD. AT DECEMBER 31, 2014 AND 2013, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.

Return Reference

Explanation

PART V, LINE 4:

THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED FOR THE ISLES YOUTH CENTERED SERVICES AND TO CREATE CAPITAL.

PART X, LINE 2:

THE INTERNAL REVENUE SERVICE HAS RECOGNIZED ISLES, INC. AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CHESTNUT MONMOUTH FAMILY HOUSING, LLC AND TRENTON COMMUNITY HOLDING COMPANY ARE TAXED AS PARTNERSHIPS. ACCORDINGLY, ANY INCOME OR LOSS IS REFLECTED ON THE TAX RETURNS OF THE RESPECTIVE MEMBERS. SINCE THESE PARTNERSHIPS ARE WHOLLY OWNED BY ISLES, INC., THEY ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED 2014 AND 2013. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2011, AND FORWARD. AT DECEMBER 31, 2014 AND 2013, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.

Schedule D (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization
ISLES INC

Employer identification number

22-2350832

Part I

Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17. Form 990-EZ

filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

Yes

If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total .................

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2014

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 HAUNTED HARVEST (event type)	(b) Event #2 GOLF EVENT (event type)	(c) Other events 1 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . .	15,293	57,710	7,353	80,356
2	Less: Contributions . .	0	36,580	0	36,580
3	Gross income (line 1 minus line 2) . . .	15,293	21,130	7,353	43,776
4	Cash prizes . . .	0		0
5	Noncash prizes . .	0	7,636	0	7,636
6	Rent/facility costs . .	394	13,875	0	14,269
7	Food and beverages .	72	19,791	0	19,863
8	Entertainment . . .			0
9	Other direct expenses .	4,267	1,172	0	5,439
10	Direct expense summary. Add lines 4 through 9 in column (d) ...........				47,207
11	Net income summary. Subtract line 10 from line 3, column (d)...........				-3,431

Part III

Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

(a) Bingo

(b) Pull tabs/Instant
bingo/progressive bingo

(c) Other gaming

(d) Total gaming (add col.(a) through col.(c))

Gross revenue . . . .

Cash prizes . . . .

Non-cash prizes . . .

Rent/facility costs . . .

Other direct expenses . .

Volunteer labor . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d) ......... right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? ............

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2014

Page 3

Does the organization conduct gaming activities with nonmembers? .................

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? ..........................

YesNo

Indicate the percentage of gaming activities conducted in:

The organization's facility ......................

13a

An outside facility ........................

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? ......................................

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? ............................

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information (see instructions).

Return Reference	Explanation

Schedule G (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
ISLES INC

Employer identification number
22-2350832

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(f) Method of valuation (book, FMV, appraisal, other)	(h) Purpose of grant or assistance
(1) HOMEFRONT INC 1880 PRINCETON AVENUE LAWRENCEVILLE,NJ08648	22-3165145	501(C)3	85,541	FMV	IMPLEMENT NEIGHBORHOOD PLAN, SUMMER CAMP FOR 15 YOUTH AND CASE MANAGEMENT
(2) MERCER STREET FRIENDS 151 MERCER STREET TRENTON,NJ08611	21-0733990	501(C)3	29,200	FMV	IMPLEMENT NEIGHBORHOOD PLAN, PARENTING EDUCATION AND YOUTH ENRICHMENT
(3) NJ STATE FEDERATION OF COLORED WOMEN'S CLUBS INC 40 FOWLER STREET TRENTON,NJ08618	22-2002686	501(C)3	20,756	FMV	IMPLEMENT NEIGHBORHOOD PLAN, RENT FOR COMMUNITY RESOURCE CENTER, YOUTH AND SENIOR YOUTH EXERCISE PROGRAMS
(4) SHILOH COMMUNITY DEVELOPMENT CORPORATION 620 WEST STRATE STREET TRENTON,NJ08618	12-3799161	501(C)3	75,000	FMV	IMPLMENT NEIGHBORHOOD PLAN, CAREER CENTER PROJECT AND OUTREACH
(5) NEW JERSEY FARM TO SCHOOL NETWORK 407 GREENWOOD AVENUE TRENTON,NJ08609	26-4119362	501(C)3	13,880	FMV	URBAN AGRICULTURAL PLAN
(6) RUTGER'S UNIVERSITY DIVISION OF GRANT AND CONTRACT ACCOUNTING 3 RUTGERS PLAZA NEW BRUNSWICK,NJ08901	22-6001086	501(C)3	29,643	FMV	URBAN AGRICULTURAL PLAN

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2014

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant	(d)Amount of non-cash assistance	(e)Method of valuation (book, FMV, appraisal, other)	(f)Description of non-cash assistance

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	QUARTERLY SPENDING REPORTS AND NARRATIVES

Schedule I (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

ISLES INC

Employer identification number

22-2350832

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 4	THE ORGANIZATION'S BY-LAWS WERE REVISED IN 2014. THE DESCRIPTION OF ACTIVITIES AND PURPOSE WAS EXPANDED BY ADDING THE FOLLOWING: THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, AS THAT TERM IS USED IN THE NEW JERSEY CHARITABLE IMMUNITY ACT, NEW JERSEY STATUTES ANNOTATED 2A:53A-7 ET SEQ., AND THE NEW JERSEY TAX EXEMPT PROPERTY ACT, NEW JERSEY STATUTES ANNOTATED 54:4-3.6., FOR LAWFUL NONPROFIT PURPOSES, AS SET FORTH IN THE NEW JERSEY NONPROFIT CORPORATION ACT, NEW JERSEY STATUTES ANNOTATED 15A:1-1 ET SEQ. (THE "ACT"), AND EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES IN SUCH MANNER THAT THE CORPORATION SHALL QUALIFY AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE FEDERAL INTERNAL REVENUE CODE (THE "CODE"), AND THAT CONTRIBUTIONS TO THE CORPORATION SHALL BE DEDUCTIBLE UNDER 170(C)(2) OF THE CODE. THE RESPONSIBILITIES AND DUTIES OF THE BOARD OF TRUSTEES WAS RECITED IN GREATER DETAIL AS FOLLOWS: THE RESPONSIBILITIES OF TRUSTEES INCLUDE: A) DETERMINING THE CORPORATION'S MISSION AND PURPOSE; B) ENSURING LEGAL AND ETHICAL INTEGRITY AND MAINTAINING ACCOUNTABILITY, INCLUDING THE EXERCISE OF INDEPENDENT JUDGMENT; C) REGULAR ATTENDANCE AT MEETINGS OF THE BOARD AND ITS COMMITTEES AT SUCH TIMES AND PLACES AS NEEDED TO PRUDENTLY AND FULLY DISCHARGE THEIR DUTY OF DUE CARE TOWARDS THE CORPORATION; D) DETERMINING AND MONITORING THE CORPORATION'S FINANCES, PROGRAMS AND SERVICES; E) ENSURING EFFECTIVE ORGANIZATIONAL PLANNING; F) ENSURING ADEQUATE RESOURCES; G) MANAGING RESOURCES EFFECTIVELY; H) SELECTING THE CHIEF EXECUTIVE; I) SUPPORTING THE CHIEF EXECUTIVE, ASSESSING THE CHIEF EXECUTIVE'S PERFORMANCE, AND DETERMINING THE CHIEF EXECUTIVE'S COMPENSATION; J) APPOINTING AND REMOVING, EMPLOYING AND DISCHARGING, AND, EXCEPT AS OTHERWISE PROVIDED IN THESE BYLAWS, PRESCRIBING THE DUTIES AND REVIEWING THE COMPENSATION, IF ANY, OF THE OFFICERS OF THE CORPORATION; K) SERVING AS AMBASSADORS FOR THE CORPORATION TO THE PUBLIC; L) RECRUITING NEW BOARD MEMBERS AND ASSESSING THE BOARD'S OWN PERFORMANCE; M) REGISTERING THEIR ADDRESSES, TELEPHONE, AND ANY FACSIMILE AND EMAIL ADDRESSES WITH THE SECRETARY OF THE CORPORATION SO THAT NOTICES OF MEETINGS MAILED, FAXED OR ELECTRONICALLY TRANSMITTED TO THEM AT SUCH ADDRESSES SHALL BE VALID NOTICES THEREOF; AND N) PERFORMING ANY AND ALL OTHER DUTIES IMPOSED ON THEM COLLECTIVELY OR INDIVIDUALLY BY LAW, BY THE CERTIFICATE OF INCORPORATION, OR BY THESE BYLAWS. THE FIDUCIARY DUTIES OF TRUSTEES INCLUDE: A. THE DUTY OF CARE, WHICH REQUIRES THE EXERCISE OF CARE, DILIGENCE AND SKILL; B. THE DUTY OF LOYALTY, WHICH REQUIRES THE PURSUIT OF THE CORPORATION'S BEST INTERESTS; AND C. THE DUTY OF OBEDIENCE, WHICH REQUIRES ACTIONS TO BE TAKEN IN ACCORDANCE WITH THE ACT, THE CODE AND OTHER LAWS AND REGULATIONS GOVERNING THE CORPORATION, THE CERTIFICATE OF INCORPORATION AND THESE BYLAWS. THE ELECTION AND COMPOSITION OF THE BOARD OF TRUSTEES WAS REVISED AS FOLLOWS: A PERSON ELECTED AS A TRUSTEE WHO FAILS TO ATTEND AT LEAST ONE OF THE THREE SUCCESSIVE MEETINGS OF THE BOARD AFTER ELECTION SHALL HAVE FAILED TO QUALIFY AND SUCH ELECTION SHALL BE VOID AB INITIO. [LIKEWISE, A TRUSTEE WHO MISSES THREE CONSECUTIVE MEETINGS OF THE BOARD IS EXPECTED TO SUBMIT A WRITTEN RESIGNATION FROM THE BOARD. THE VOTE FOR INVOLUNTARY REMOVAL WAS INCREASED FROM A MAJORITY OF THE BOARD AT A MEETING TO TWO-THIRDS OF THE ENTIRE BOARD]. A TRUSTEE MAY SERVE NO MORE THAN TWO CONSECUTIVE FULL THREE-YEAR TERMS IN ADDITION TO ANY PARTIAL INITIAL TERM, AND THEN MUST WAIT NO LESS THAN ELEVEN MONTHS BEFORE BEING ELIGIBLE FOR NOMINATION AND REELECTION. IN EXCEPTIONAL CIRCUMSTANCES, A TRUSTEE WHO IS ALSO AN EXECUTIVE COMMITTEE MEMBER AND WHOSE TERM HAS EXPIRED MAY BE INVITED TO CONTINUE SERVICE AS TRUSTEE AS A "HOLD-OVER BOARD MEMBER" FOR A 1-YR TERM, PROVIDED THAT THE BOARD CONCURS BY A TWO-THIRDS (?) VOTE OF THE ENTIRE BOARD, AND PROVIDED FURTHER THAT NO PERSON SHALL SERVE MORE THAN THREE CONSECUTIVE HOLD-OVER TERMS. THE BOARD SHALL HAVE AS A PRIORITY THAT AT LEAST ONE THIRD OF THE TRUSTEES WILL BE REPRESENTATIVES OF THE DIVERSE COMMUNITIES THAT ISLES SERVES, SUCH AS RESIDENTS OF LOW-INCOME COMMUNITIES AND LOW INCOME PERSONS. TRUSTEES SHALL BE AGE EIGHTEEN OR OVER BUT NEED NOT BE UNITED STATES CITIZENS OR RESIDENTS OF THE STATE OF NEW JERSEY. [THIS WAS CHANGED FROM A SIMILAR BUT MANDATORY REQUIREMENT. THE MANDATORY REQUIREMENT REMAINS AS AN APPENDIX TO THE BYLAWS UNTIL SUCH TIME AS AN AFFILIATE OF ISLES, INC. QUALIFIES AS A CHDO [COMMUNITY DEVELOPMENT HOUSING ORGANIZATION]. THE QUORUM WAS REDUCED FROM A MAJORITY TO ONE-HALF, UNLESS OTHERWISE REQUIRED BY THE LAW, CERTIFICATE OF INCORPORATION OR BYLAWS. TRUSTEES MAY PARTICIPATE IN A MEETING BY CONFERENCE CALL, BUT PROXY VOTING IS NOT PERMITTED. THE BOARD OR A COMMITTEE MAY ACT BY UNANIMOUS WRITTEN CONSENT, BUT ALL SIGNATURES MUST BE MANUAL. THE REQUIREMENT THAT THE SECRETARY OF THE CORPORATION BE A TRUSTEE WAS ELIMINATED. THE VOTE REQUIRED FOR REMOVAL OF THE CHAIR, PRESIDENT OR TREASURER WAS INCREASED FROM A MAJORITY OF THE ENTIRE BOARD TO TWO-THIRDS OF THE ENTIRE BOARD. BOARD OR EXECUTIVE COMMITTEE APPROVAL IS REQUIRED FOR APPOINTMENT OF A CHIEF OPERATING OFFICER, DEPUTY DIRECTOR OF OPERATIONS, SCHOOL PRINCIPAL, MANAGING DIRECTORS AND VICE PRESIDENTS. THE SECTION ON COMMITTEES WAS REVISED TO RESTATE THE LEGAL REQUIREMENT THAT COMMITTEES WITH ANY DELEGATED AUTHORITY MUST BE COMPOSED SOLELY OF TRUSTEES DESIGNATED BY THE ENTIRE BOARD. THE ENTIRE BOARD MEANS ALL OF THOSE TRUSTEES IN OFFICE, WHETHER OR NOT ATTENDING A MEETING. CONFLICTS OF INTEREST WAS SUPPLEMENTED BY ADDING THE FOLLOWING: ANY TRANSACTION BETWEEN THE CORPORATION AND ANY INTERESTED PERSON (WHICH SHALL MEAN ANY TRUSTEE, OFFICER, EMPLOYEE, AGENT OR ANY MEMBER OF SUCH PERSON'S IMMEDIATE FAMILY AND OTHER PERSON LIVING IN SUCH PERSON'S HOUSEHOLD) OR ENTITY IN WHICH THE INTERESTED PERSON IS A TRUSTEE, DIRECTOR, OFFICER, EMPLOYEE, AGENT OR OTHERWISE INTERESTED SHALL BE PERMITTED ONLY IF SUCH TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AT THE TIME IT IS APPROVED, IS FULLY DISCLOSED TO THE BOARD OF TRUSTEES OR COMMITTEE AND APPROVED BY A MAJORITY OF THE DISINTERESTED TRUSTEES OR COMMITTEE MEMBERS, EVEN THOUGH THE DISINTERESTED TRUSTEES OR COMMITTEE MEMBERS BE LESS THAN A QUORUM. THE VOTE REQUIRED TO AMEND THE BYLAWS WAS REDUCED FROM A VOTE OF THREE-FOURTHS OF THOSE ATTENDING A MEETING WITH A QUORUM OF THREE-FOURTHS OF THE ENTIRE BOARD TO A VOTE OF TWO-THIRDS OF THE ENTIRE BOARD WITH NO SEPARATE QUORUM SUPER-MAJORITY. THE REQUIREMENT THAT CERTAIN RECORDS BE AVAILABLE FOR PUBLIC INSPECTION PER INTERNAL REVENUE CODE SECTION 6104(D) WAS ADDED TO THE BYLAWS. THE PROVISIONS OF THE CERTIFICATE OF INCORPORATION REGARDING THE DISTRIBUTION OF ASSETS UPON DISSOLUTION WERE SUPPLEMENTED AS FOLLOWS: DISSOLUTION. THE ASSETS OF THE CORPORATION ARE IRREVOCABLY DEDICATED TO THE PURPOSES FOR WHICH THE CORPORATION IS ESTABLISHED. UPON THE DISSOLUTION OF THE CORPORATION, NO PART OF ANY REMAINING ASSETS MAY BE DISTRIBUTED TO ANY TRUSTEE OR OFFICER, AND THE BOARD OF TRUSTEES, AFTER PAYING OR MAKING PROVISION FOR THE PAYMENT OF ALL LIABILITIES, SHALL FINALLY DISPOSE OF THE REMAINING ASSETS AS FOLLOWS, DISTRIBUTING IN ACCORDANCE WITH ANY DONOR'S INSTRUCTIONS TO THE EXTENT NOT IN CONFLICT WITH THE OTHER PROVISIONS OF THIS SECTION 5: A) TO WHICHEVER QUALIFIED CHARITY OR ORGANIZATION THAT ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR PURPOSES SIMILAR TO THOSE OF THIS CORPORATION AND IS QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE BOARD OF DIRECTORS SHALL SELECT; B) FOR ONE OR MORE EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; OR C) TO THE FEDERAL GOVERNMENT, OR TO A STATE OR LOCAL GOVERNMENT, FOR A PUBLIC PURPOSE. D) ANY SUCH ASSETS NOT SO DISPOSED OF BY THE BOARD OF TRUSTEES SHALL BE DISPOSED OF BY A COURT OF COMPETENT JURISDICTION OF THE COUNTY IN WHICH THE PRINCIPAL OFFICE OF THE CORPORATION IS THEN LOCATED, EXCLUSIVELY FOR SUCH PURPOSES OR TO SUCH ORGANIZATION OR ORGANIZATIONS AS ARE QUALIFIED AS EXEMPT ORGANIZATIONS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND DESCRIBED IN 501(A)(1) OR (A)(2).
FORM 990, PART VI, SECTION B, LINE 11	FORM 990 IS PROVIDED TO THE CHIEF FINANCIAL OFFICER FOR REVIEW BEFORE IT IS FILED. AFTER THE REVIEW, IT IS FORWARDED TO THE BOARD FOR APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12C	EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A.HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B.HAS READ AND UNDERSTANDS THE POLICY, C.HAS AGREED TO COMPLY WITH THE POLICY, AND D.UNDERSTANDS THAT ISLES, INC. IS A NON-PROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
FORM 990, PART VI, SECTION B, LINE 15	THE PROCESS FOR DETERMINING COMPENSATION INVOLVES AN ANNUAL REVIEW OF INDIVIDUAL PERFORMANCE AND COMPARISON OF PRESENT COMPENSATION TO MARKET DATA.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII LINE 2C	OVERSIGHT OF AUDIT: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
HIGHLIGHTS OF 2014	EDUCATE AND TRAIN: 19 IYI STUDENTS GRADUATED WITH THEIR HIGH SCHOOL DIPLOMA OR GED 12 PRE-APPRENTICE CONSTRUCTION TRAINING (PACT) CERTIFICATES WERE ISSUED TO STUDENTS 194 INDIVIDUALS HAVE RECEIVED TRAINING THROUGH ISLES CENTER FOR ENERGY AND ENVIRONMENTAL TRAINING, LEADING TO A TOTAL OF 45 NATIONALLY RECOGNIZED CERTIFICATIONS BUILD WEALTH: 43 FIRST TIME HOMEBUYERS WERE COUNSELED AND ISLES FACILITATED THE PURCHASE OF 22 HOMES 68 NEW FORECLOSURE CUSTOMERS WERE COUNSELED AND 15 RESOLUTIONS HAVE BEEN ACHIEVED 62 NEW CUSTOMERS AND 104 TOTAL CUSTOMERS RECEIVED ISLES FINANCIAL SOLUTIONS SERVICES REVITALIZE COMMUNITIES: COMPLETED A CITYWIDE FIELD SURVEY OF EVERY PROPERTY IN TRENTON TO IDENTIFY THOSE THAT ARE VACANT, AND PUBLISHED THE RESULTS ON RESTORINGTRENTON.ORG PROMOTE GREEN HEALTHY LIVING: CURRENTLY SUPPORTS NEARLY 60 COMMUNITY AND SCHOOL GARDENS, SERVING APPROXIMATELY 700 GARDENERS IN THOSE GARDENS - 130 ADULTS AND 570 CHILDREN WEATHERIZED 160 HOMES AND PROVIDED COMBINED LEAD/ENERGY/HEALTHY HOMES REHABILITATION/REPAIRS TO 10 HOMES IN 2014

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

ISLES INC

Employer identification number

22-2350832

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(f) Direct controlling entity
(1) CHESTNUT MONMOUTH FAMILY HOUSING LLC 10 WOOD STREET TRENTON,NJ08618 22-3710194	GENERAL PARTNER OF CHESTNUT MONMOUTH URBAN RENEWAL APARTMENTS, LP	NJ	ISLES INC

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) ISLES COMMUNITY FOUNDATION INC 10 WOOD STREET TRENTON,NJ08618 37-1420125	MANAGES INVESTMENT ACTIVITY FOR ISLES INC.	NJ	501(C)(3)	LINE 11C, III-FI	ISLES INC	Yes
(2) ISLES PROPERTIES INC 10 WOOD STREET TRENTON,NJ08618 55-0799217	HOLDING COMPANY OF REAL ESTATE PROPERTY FOR ISLES, INC.'S EXEMPT PURPOSE	NJ	501(C)(2)		ISLES INC	Yes
(3) ISLES E4 INC 10 WOOD STREET TRENTON,NJ08618 27-0375809	WEATHERIZATION SERVICES TO LOW INCOME HOUSEHOLDS	NJ	501(C)(3)	LINE 9	ISLES INC	Yes
(4) ISLES COMMUNITY ENTERPRISES CORP 10 WOOD STREET TRENTON,NJ08618 26-2483265	PROVIDES EDUCATION, TRAINING, AND FINANCING TO DISTRESSED COMMUNITIES	NJ	501(C)(3)	LINE 9	ISLES INC	Yes
(5) ISLES MILL 57 INC 10 WOOD STREET TRENTON,NJ08618 27-1568899	ACQUIRE, HOLD, & SELL REAL PROPERTY TO SUPPORT OTHER 501(C)(3) ENTITIES	NJ	501(C)(3)	LINE 11A, I	ISLES INC	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2014

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) EAST HANOVER STREET URBAN RENEWAL ASSOCIATES LP WYOMING AVE SUITE 5 KINGSTON,PA18704 52-2092734	LOW INCOME HOUSING	PA	N/A	RELATED		-4,314		No		Yes		0.250 %
(2) CHESTNUT MONMOUTH URBAN RENEWAL APARTMENTS LP 10 WOOD STREET TRENTON,NJ08618 22-3710195	LOW INCOME HOUSING	NJ	N/A	RELATED		230,764		No		Yes		0.010 %
(3) DELMAR ASSOCIATES LP 1438 3RD AVE APT 29B NEW YORK,NY10028 13-3130669	LOW INCOME HOUSING	NY	N/A	RELATED		40,153		No			No	1.460 %
(4) BALTIC CAPITAL LLC 425 GREENWOOD AVENUE TRENTON,NJ08609 22-3836112	LOW INCOME HOUSING	NJ	N/A	RELATED		100		No			No	0.100 %
(5) ARCHIPELAGO CONDOMINIUM ASSOCIATION INC 1800 EAST STATE STREET HAMILTON,NJ08609 56-2575978	CONDOMINIUM ASSOCIATION	NJ	N/A	RELATED				No			No	45.200 %
(6) LAZARD LTD CLARENDON HOUSE 2 CHURCH STREET HAMILTON HM 11 BD 98-0437848	INVESTMENT	BD	N/A	RELATED		2,333		No			No	0.010 %

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	Yes	No

Schedule R (Form 990) 2014

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

Yes

o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) ISLES E4 INC	D	588,258	LOAN
(2) ISLES COMMUNITY FOUNDATION INC	E	643,386	LOAN
(3) ISLES PROPERTIES INC	D	2,607,851	LOAN
(4) ISLES E4 INC	D	150,023	LOAN
(5) ISLES MILL 57	D	658,184	LOAN
(6) ISLES COMMUNITY ENTERPRISES CORP	D	387,679	LOAN

Schedule R (Form 990) 2014

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2014

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2014

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO OFFER SERVICES IN LOW-INCOME COMMUNITIES (IN THE TRENTON AND THE SURROUNDING AREA) TO ADDRESS CRITICAL URBAN NEEDS IN THE AREAS OF COMMUNITY REVITALIZATION, URBAN ARGRICULTURE, GREEN JOB TRAINING, YOUTH EDUCATION, AND THROUGH OUR E4 SUBSIDIARY, ENERGY AND WEATHERIZATION SERVICES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	13
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	12
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	58
6	Total number of volunteers (estimate if necessary) .............	6	183
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	4,541,730	4,435,799
9	Program service revenue (Part VIII, line 2g) .........	123,171	145,956
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	167,739	276,457
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-168,245	69,148
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	4,664,395	4,927,360
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	179,926	254,020
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	2,421,238	2,778,989
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 299,756
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,816,300	1,415,892
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	4,417,464	4,448,901
19	Revenue less expenses. Subtract line 18 from line 12.......	246,931	478,459
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	13,330,897	12,934,127
21	Total liabilities (Part X, line 26).............	1,202,596	547,459
22	Net assets or fund balances. Subtract line 21 from line 20.....	12,128,301	12,386,668

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,593,210 including grants of $ ) (Revenue $ 0 )
	ISLES YOUTH INSTITUTE (IYI): ISLES YOUTH INSTITUTE OFFERS ALTERNATIVE EDUCATION OPTIONS FOR AT-RISK URBAN STUDENTS SEEKING A GED, VOCATIONAL SKILLS TRAINING (CONSTRUCTION, COMPUTER TECHNOLOGY, OFFICE MANAGEMENT), AND LIFE SKILLS TRAINING (LEADERSHIP, FINANCIAL, HEALTH EDUCATION, CONFLICT MANAGEMENT). ISLES HAS DEVELOPED AN EFFECTIVE PEER-BASED APPROACH FOR STUDENTS AGES 16 TO 24, WHO HAVE STRUGGLED IN CONVENTIONAL SCHOOL SETTINGS AND/OR HAVE HAD ENCOUNTERS WITH THE JUSTICE SYSTEM. IYI STUDENTS REHABILITATE AT LEAST ONE ABANDONED HOME IN TRENTON EACH YEAR.

4b	(Code: ) (Expenses $ 659,084 including grants of $ ) (Revenue $ 98,620 )
	CENTER FOR ENERGY AND ENVIRONMENTAL TRAINING (CEET)/ENVIRONMENTAL HEALTH: ISLES' CEET IS A GREEN COLLAR JOB TRAINING FACILITY TARGETING CAREERS IN CLEAN ENERGY AND ENVIRONMENTAL HAZARD CLEANUP. CEET PARTNERS WITH EMPLOYERS, INDUSTRY LEADERS, HIGHER EDUCATION INSTITUTIONS, LABOR UNIONS, TRAINING ORGANIZATIONS, PUBLIC SECTOR, AND OTHERS. TRAINING MODULES INCLUDE ENERGY AUDITS AND RETROFITS, GREEN CONSTRUCTION, RENEWABLE ENERGY, ENVIRONMENTAL ASSESSMENT, AND HAZARDOUS MATERIALS CLEANUP. CEET IS A BUILDING PERFORMANCE INSTITUTE (BPI) CERTIFIED TRAINER, AND THE ONLY APPROVED NATIONAL CENTER FOR HEALTHY HOUSING SATELLITE TRAINING CENTER IN THE U.S. ISLES TARGETS THE ENVIRONMENTAL HAZARDS THAT IMPACT FAMILY HEALTH AND DEVELOPS COST EFFECTIVE WAYS TO REDUCE THE PRESENCE AND IMPACT OF THOSE HAZARDS. THROUGH RESEARCH, EDUCATION AND ACTION, 4,000 PEOPLE EACH YEAR LEARN ABOUT LEAD AND ASTHMA TRIGGERS IN HOMES, THEIR RELATIONSHIP TO ENERGY EFFICIENCY EFFORTS, AND CREATIVE APPROACHES TO TESTING FOR HAZARDS AND THEN RETROFITTING HOMES TO IMPROVE HEALTH AND QUALITY OF LIFE.

4c	(Code: ) (Expenses $ 775,060 including grants of $ 254,020 ) (Revenue $ 38,676 )
	COMMUNITY PLANNING AND DEVELOPMENT/URBAN AGRICULTURE/OTHER ISLES FOSTERS RESIDENT PARTICIPATION AND KNOWLEDGE OF THE REDEVELOPMENT PROCESS IN COMMUNITIES. ISLES TEACHES RESIDENTS HOW TO ORGANIZE, IDENTIFY, AND ADDRESS IMMEDIATE LAND, BUSINESS, AND SERVICE NEEDS AND OPPORTUNITIES THROUGH MASTER PLANNING PROJECTS IN THE REGION. ISLES' URBAN AGRICULTURE WORK ADDRESSES HUNGER, FOOD ACCESS, AND COMMUNITY DISINVESTMENT IN TRENTON BY SHARING TOOLS, NETWORKS, AND RESOURCES THAT EMPOWER RESIDENTS AND STAKEHOLDERS TO TAKE ACTION AND MAKE HEALTHY CHOICES. ISLES CURRENTLY SUPPORTS 58 COMMUNITY AND SCHOOL GARDENS BY PROVIDING TECHNICAL ASSISTANCE, ENVIRONMENTAL EDUCATION TO LOCAL RESIDENTS, TEACHERS AND STUDENTS, AND COMMUNITY-BASED ORGANIZATIONS.

	(Code: ) (Expenses $ 492,734 including grants of $ ) (Revenue $ 8,660 )
	FINANCIAL SELF RELIANCE PROGRAMS AND REAL ESTATE PROGRAMS

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 492,734 including grants of $ ) (Revenue $ 8,660 )
4e	Total program service expenses3,520,088

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) PETER ROSE........................................................................ MANAGING DIRECTOR	16.00 .......................24.00	X	76,930	0	11,301
(19) JULIA TAYLOR........................................................................ MANAGING DIRECTOR	38.00 .......................2.00	X	73,176	0	10,191
(20) YUKI LAURENTI........................................................................ MANAGING DIRECTOR	40.00 .......................	X	80,049	0	11,319
(21) DAVID SCHRAYER........................................................................ MANAGING DIRECTOR	38.00 .......................2.00	X	78,999	0	2,600
(22) LOREN MCALISTER........................................................................ ASST SECRETARY & HR MANAGER	38.00 .......................2.00	X	50,564	0	9,022
(23) JEAN SHADDOW........................................................................ MANAGING DIRECTOR	40.00 .......................0.00	X	69,031	0	2,600

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	735,549	0	82,786

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c		36,580
d	Related organizations...1d
e	Government grants (contributions)1e		2,520,242

f	All other contributions, gifts, grants, and similar amounts not included above1f		1,878,977

g	Noncash contributions included in lines 1a-1f:$		12,800
h	Total. Add lines 1a-1f.......			4,435,799
			Business Code
2a	PROGRAM FEES		900099	99,111	99,111
b	CONSULTING FEES		900099	40,000	40,000
c	MANAGEMENT FEES		900099	6,845	6,845
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			145,956
3	Investment income (including dividends, interest, and other similar amounts).......			42,463			42,463
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents	5,000
b	Less: rental expenses	0
c	Rental income or (loss)	5,000
d	Net rental income or (loss).......			5,000			5,000
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	1,721,725
b	Less: cost or other basis and sales expenses	1,487,731
c	Gain or (loss)	233,994
d	Net gain or (loss)..........			233,994			233,994
8a	Gross income from fundraising events (not including $ 36,580 of contributions reported on line 1c). See Part IV, line 18 ..
	a		43,776
b	Less: direct expenses ...b		47,207
c	Net income or (loss) from fundraising events..			-3,431			-3,431
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a	EXPENSE REIMBURSEMENTS		900099	48,407			48,407
b	MISCELLANEOUS		900099	19,172			19,172
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			67,579
12	Total revenue. See Instructions......			4,927,360	145,956	0	345,605


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			956,734	1
2	Savings and temporary cash investments .........			387	2	58,951
3	Pledges and grants receivable, net ...........			554,108	3	764,608
4	Accounts receivable, net .............			3,273,484	4	3,798,090
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net .............			25,129	7	25,129
8	Inventories for sale or use ..............				8
9	Prepaid expenses and deferred charges ..........			15,467	9	12,841
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	6,946,148
b	Less: accumulated depreciation .....	10b	622,271	6,155,980	10c	6,323,877
11	Investments—publicly traded securities ..........			2,065,472	11	1,666,495
12	Investments—other securities. See Part IV, line 11 .....			283,336	12	283,336
13	Investments—program-related. See Part IV, line 11 .....				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			800	15	800
16	Total assets. Add lines 1 through 15 (must equal line 34)......			13,330,897	16	12,934,127
17	Accounts payable and accrued expenses .........			268,033	17	138,667
18	Grants payable .................				18
19	Deferred revenue ................			321,839	19	258,792
20	Tax-exempt bond liabilities .............				20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........				22
23	Secured mortgages and notes payable to unrelated third parties ..			175,129	23	150,000
24	Unsecured notes and loans payable to unrelated third parties ....				24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................			437,595	25	0
26	Total liabilities. Add lines 17 through 25.........			1,202,596	26	547,459
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			4,729,934	27	5,620,866
28	Temporarily restricted net assets ...........			5,983,401	28	5,350,836
29	Permanently restricted net assets ...........			1,414,966	29	1,414,966
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds				32
33	Total net assets or fund balances ...........			12,128,301	33	12,386,668
34	Total liabilities and net assets/fund balances ........			13,330,897	34	12,934,127