TY 2014 Form 990

(A) Name and business address	(B) Description of services	(C) Compensation
AETNA BUILDING MAINTENANCE, PO BOX 145200 CINCINNATI,OH45250	CUSTODIAL	181,360
HUDEPOHL ASSOCIATES, 1251 JUPITER PARK DRIVE JUPITER,FL33458	JOB PLACEMENT	178,536
CRAIN COMMUNICATIONS INC, 16309 COLLECTIONS CENTER DRIVE CHICAGO,IL60693	ADVERTISING	122,608


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 3

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 ....	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............	0
4	Benefits paid to or for members ....	0
5	Compensation of current officers, directors, trustees, and key employees ....	680,598		680,598
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages ....	13,279,923	12,243,186	1,036,737
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	409,782	357,901	51,881
9	Other employee benefits .......	3,233,851	2,824,428	409,423
10	Payroll taxes ...........	608,767	531,694	77,073
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	28,918		28,918
c	Accounting ...........	85,270		85,270
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	0
12	Advertising and promotion ....	113,465	10,673	102,792
13	Office expenses .......	134,536	95,555	38,981
14	Information technology ......	0
15	Royalties ..	0
16	Occupancy ...........	1,812,550	1,606,935	205,615
17	Travel ............	448,189	373,718	74,471
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	0
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	242,988	242,988
23	Insurance ..............	308,275		308,275
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	SUPPLIES	1,036,366	659,334	377,032	0
b	EQUIPMENT AND MAINTENANCE	578,715	548,747	29,968	0
c	OUTSIDE SERVICES	1,050,460	523,059	527,401	0
d	EDUCATION	30,610	23,018	7,592	0
e	All other expenses	527,346	572,458	-45,112
25	Total functional expenses. Add lines 1 through 24e	24,610,609	20,613,694	3,996,915	0
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 .............	600	1	600
2	Savings and temporary cash investments .........	3,423,023	2	2,135,839
3	Pledges and grants receivable, net ...........	0	3	0
4	Accounts receivable, net .............	6,558,855	4	5,933,613
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
		0	5	0
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
		0	6	0
7	Notes and loans receivable, net .............	0	7	0
8	Inventories for sale or use ..............	38,702	8	37,841
9	Prepaid expenses and deferred charges ..........	121,644	9	884,058
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	7,742,777
b	Less: accumulated depreciation .....	10b	7,227,000	429,034	10c	515,777
11	Investments—publicly traded securities ..........	0	11	0
12	Investments—other securities. See Part IV, line 11 .....	3,921,732	12	3,976,002
13	Investments—program-related. See Part IV, line 11 .....	0	13	0
14	Intangible assets ...............	0	14	0
15	Other assets. See Part IV, line 11 ...........	0	15	39,950
16	Total assets. Add lines 1 through 15 (must equal line 34)......	14,493,590	16	13,523,680
	17	Accounts payable and accrued expenses .........	3,768,212	17	2,497,562
18	Grants payable .................	0	18	0
19	Deferred revenue ................	327,140	19	209,650
20	Tax-exempt bond liabilities .............	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D..	0	21	0
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..........	0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ....	0	24	0
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....................	0	25	301,180
26	Total liabilities. Add lines 17 through 25.........	4,095,352	26	3,008,392
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	7,568,691	27	7,568,691
28	Temporarily restricted net assets ...........	2,829,547	28	2,946,597
29	Permanently restricted net assets ...........	0	29	0
	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 ...........	10,398,238	33	10,515,288
34	Total liabilities and net assets/fund balances ........	14,493,590	34	13,523,680

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

TRANSPORTATION RESEARCH CENTER INC

Employer identification number

31-1228202

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 ............................. 1

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)
(A) THE OHIO STATE UNIVERSITY	316025986	Yes		1,530,007	0

Total 1				1,530,007

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.") ....
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
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.

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..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
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.)..
11	Total support Add lines 7 through 10.

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

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)) .........

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

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.

Yes

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
PART IV, SECTION C, LINE 1	DESCRIPTION OF CONTROL OF THE SUPPORTING ORGANIZATION: BECAUSE OF THE VAST AND DOMINANT SIZE OF THE OHIO STATE UNIVERSITY IN COMPARISON TO TRANSPORTATION RESEARCH CENTER INC., IT IS NOT POSSIBLE TO HAVE A MAJORITY OF TRANSPORTATION RESEARCH CENTER INC.'S DIRECTORS ALSO BE IN THE MAJORITY OF THE BOARD OF TRUSTEES AT THE OHIO STATE UNIVERSITY. ARTICLE SEVEN OF THE TRANSPORTATION RESEARCH CENTER INC. ARTICLES OF INCORPORATION STATES, "THE OHIO STATE UNIVERSITY HAS PARTICIPATED IN THE CORPORATION." ARTICLE SEVEN REQUIRES CERTAIN SENIOR LEVEL MANAGEMENT POSITIONS WITHIN THE OHIO STATE UNIVERSITY TO SERVE AS DIRECTORS ON THE TRANSPORTATION RESEARCH CENTER INC. BOARD WITH DIRECTORS IN ACCORDANCE WITH THE REGULATIONS OF THE TRANSPORTATION RESEARCH CENTER INC. THOSE SENIOR LEVEL MANAGEMENT OFFICIALS AT THE OHIO STATE UNIVERSITY ARE FORMALLY DESIGNATED BY THE OHIO STATE UNIVERSITY TO REPRESENT THE OHIO STATE UNIVERSITY AND INSTRUCTED TO REPRESENT THE OHIO STATE UNIVERSITY AND ITS INTERESTS. SECTION 1.02 OF THE CODE OF REGULATIONS CITES THAT THE DIRECTORS SHALL BE DIVIDED INTO TWO CLASSES. ONE CLASS, DESIGNATED "EX-OFFICIO DIRECTORS," SHALL CONSIST OF FOUR DIRECTORS, AND THE OTHER CLASS, DESIGNATED "PUBLIC DIRECTORS," SHALL CONSIST OF TWO DIRECTORS. THE EX-OFFICIO DIRECTORS ARE APPOINTED BY THE OHIO STATE UNIVERSITY AND ARE FORMALLY INSTRUCTED TO REPRESENT THE UNIVERSITY AND ITS INTERESTS. THE EX-OFFICIO DIRECTORS ARE THE UNIVERSITY CONTROLLER; THE VICE PRESIDENT FOR RESEARCH OF THE UNIVERSITY; THE DEAN OF THE COLLEGE OF ENGINEERING; AND THE PRESIDENT/CEO OF THE CORPORATION. SINCE MEMBERS OF THE OHIO STATE UNIVERSITY BOARD OF TRUSTEES ARE UNLIKELY TO EVER BE ON THE BOARD OF DIRECTORS AT TRANSPORTATION RESEARCH CENTER INC., TRANSPORTATION RESEARCH CENTER INC.'S ARTICLES OF INCORPORATION AND CODE OF REGULATIONS ASSIGNS SEVERAL KEY SENIOR MANAGEMENT OFFICIALS AT THE OHIO STATE UNIVERSITY AS EX-OFFICIO DIRECTORS TO CARRY OUT THE INTERESTS OF THE OHIO STATE UNIVERSITY.

Return Reference

Explanation

PART IV, SECTION C, LINE 1

DESCRIPTION OF CONTROL OF THE SUPPORTING ORGANIZATION: BECAUSE OF THE VAST AND DOMINANT SIZE OF THE OHIO STATE UNIVERSITY IN COMPARISON TO TRANSPORTATION RESEARCH CENTER INC., IT IS NOT POSSIBLE TO HAVE A MAJORITY OF TRANSPORTATION RESEARCH CENTER INC.'S DIRECTORS ALSO BE IN THE MAJORITY OF THE BOARD OF TRUSTEES AT THE OHIO STATE UNIVERSITY. ARTICLE SEVEN OF THE TRANSPORTATION RESEARCH CENTER INC. ARTICLES OF INCORPORATION STATES, "THE OHIO STATE UNIVERSITY HAS PARTICIPATED IN THE CORPORATION." ARTICLE SEVEN REQUIRES CERTAIN SENIOR LEVEL MANAGEMENT POSITIONS WITHIN THE OHIO STATE UNIVERSITY TO SERVE AS DIRECTORS ON THE TRANSPORTATION RESEARCH CENTER INC. BOARD WITH DIRECTORS IN ACCORDANCE WITH THE REGULATIONS OF THE TRANSPORTATION RESEARCH CENTER INC. THOSE SENIOR LEVEL MANAGEMENT OFFICIALS AT THE OHIO STATE UNIVERSITY ARE FORMALLY DESIGNATED BY THE OHIO STATE UNIVERSITY TO REPRESENT THE OHIO STATE UNIVERSITY AND INSTRUCTED TO REPRESENT THE OHIO STATE UNIVERSITY AND ITS INTERESTS. SECTION 1.02 OF THE CODE OF REGULATIONS CITES THAT THE DIRECTORS SHALL BE DIVIDED INTO TWO CLASSES. ONE CLASS, DESIGNATED "EX-OFFICIO DIRECTORS," SHALL CONSIST OF FOUR DIRECTORS, AND THE OTHER CLASS, DESIGNATED "PUBLIC DIRECTORS," SHALL CONSIST OF TWO DIRECTORS. THE EX-OFFICIO DIRECTORS ARE APPOINTED BY THE OHIO STATE UNIVERSITY AND ARE FORMALLY INSTRUCTED TO REPRESENT THE UNIVERSITY AND ITS INTERESTS. THE EX-OFFICIO DIRECTORS ARE THE UNIVERSITY CONTROLLER; THE VICE PRESIDENT FOR RESEARCH OF THE UNIVERSITY; THE DEAN OF THE COLLEGE OF ENGINEERING; AND THE PRESIDENT/CEO OF THE CORPORATION. SINCE MEMBERS OF THE OHIO STATE UNIVERSITY BOARD OF TRUSTEES ARE UNLIKELY TO EVER BE ON THE BOARD OF DIRECTORS AT TRANSPORTATION RESEARCH CENTER INC., TRANSPORTATION RESEARCH CENTER INC.'S ARTICLES OF INCORPORATION AND CODE OF REGULATIONS ASSIGNS SEVERAL KEY SENIOR MANAGEMENT OFFICIALS AT THE OHIO STATE UNIVERSITY AS EX-OFFICIO DIRECTORS TO CARRY OUT THE INTERESTS OF THE OHIO STATE UNIVERSITY.

Schedule A (Form 990 or 990-EZ) 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

TRANSPORTATION RESEARCH CENTER INC

Employer identification number

31-1228202

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	(e)Four years back
1a	Beginning of year balance ....	3,921,732	3,381,820	3,060,038	3,090,311	2,672,599
b	Contributions ........	152,751	154,524	144,447	143,552	138,510
c	Net investment earnings, gains, and losses	-98,482	385,388	177,335	-173,825	279,202
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........	0	0	0	0	0
f	Administrative expenses ....
g	End of year balance ......	3,976,001	3,921,732	3,381,820	3,060,038	3,090,311

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

Board designated or quasi-endowment SchDMd Bullet

100.000 %

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

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 .................
b	Buildings ................	51,079	51,079
c	Leasehold improvements ............	3,044,525	2,969,495	75,030
d	Equipment ................	4,561,042	4,120,295	440,747
e	Other .................	86,131	86,131
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				515,777

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
(3)Other (A) LONG-TERM INVESTMENTS AT OSU	3,976,002	F








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	3,976,002

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		0
OPERS PENSION LIABILITY (GASB 68)		301,180








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		301,180
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	37,388,439
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-98,481
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	4,675,153
e	Add lines 2a through 2d .....................			2e	4,576,672
3	Subtract line 2e from line 1.....................			3	32,811,767
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	-6,455,620
c	Add lines 4a and 4b.......................			4c	-6,455,620
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	26,356,147

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	35,741,382
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	6,455,620
e	Add lines 2a through 2d......................			2e	6,455,620
3	Subtract line 2e from line 1.....................			3	29,285,762
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	-4,675,153
c	Add lines 4a and 4b.......................			4c	-4,675,153
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	24,610,609

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	INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS: TRANSPORTATION RESEARCH CENTER INC. IS USING THE ENDOWMENT FUND FOR INVESTMENT PURPOSES.
PART X, LINE 1	OTHER LIABILITIES: GASB STANDARDS 67 AND 68 WENT INTO EFFECT AND THIS REQUIRED THE TRANSPORTATION RESEARCH CENTER TO RECOGNIZE RETIREMENT OBLIGATIONS ON OUR FINANCIAL STATEMENTS. SPECIFICALLY, TRC INC. WAS REQUIRED TO RECOGNIZE RETIREMENT OBLIGATIONS FROM OPERS. THE OHIO PUBLIC EMPLOYEE RETIREMENT SYSTEM PROVIDED EMPLOYERS WITH THEIR SHARE OF THE TOTAL PENSION LIABILITY SO THAT EMPLOYERS COULD CALCULATE THEIR PENSION LIABILITY.
PART XI, LINE 2D - OTHER:	$4,675,153 - REIMBURSED MAINTENANCE EXPENSES FROM THE TRC PROPERTY OWNER TO TRC INC. THAT ARE RECORDED AS REVENUE IN THE TRC INC. AUDIT REPORT BUT RECORDED AS AN EXPENSE REDUCTION ON FORM 990, PART IX, COLUMN (A), LINE 24A.
PART XI, LINE 4B - OTHER:	($6,455,620) - FACILITY USE CHARGES COLLECTED FOR THE TRC PROPERTY OWNER THAT ARE RECORDED AS EXPENSE IN THE TRC INC. AUDIT REPORT BUT RECORDED AS A REVENUE REDUCTION ON FORM 990, PART VIII, COLUMN (A), LINE 12.
PART XII, LINE 2D - OTHER:	$6,455,620 - FACILITY USE CHARGES COLLECTED FOR THE TRC PROPERTY OWNER THAT ARE RECORDED AS EXPENSE IN THE TRC INC. AUDIT REPORT BUT RECORDED AS A REVENUE REDUCTION ON FORM 990, PART VIII, COLUMN (A), LINE 12.
PART XII, LINE 4B - OTHER:	($4,675,153) - REIMBURSED MAINTENANCE EXPENSES FROM THE TRC PROPERTY OWNER TO TRC INC. THAT ARE RECORDED AS REVENUE IN THE TRC INC. AUDIT REPORT BUT RECORDED AS AN EXPENSE REDUCTION ON FORM 990, PART IX, COLUMN (A), LINE 24A.

Schedule D (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

TRANSPORTATION RESEARCH CENTER INC

Employer identification number

31-1228202

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Yes

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

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

Cat. No. 50053T

Schedule J (Form 990) 2014

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred in prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1DR DAVID B WILLIAMSCHAIRMAN OF THE BOARD	(i) (ii)	0 ............................... 420,132	0 ............................... 0	0 ............................... 3,408	0 ............................... 49,304	0 ............................... 26,738	0 ............................... 499,582	0 ............................... 0
2DR CAROLINE C WHITACREBOARD MEMBER	(i) (ii)	0 ............................... 392,394	0 ............................... 0	0 ............................... 2,835	0 ............................... 87,904	0 ............................... 26,738	0 ............................... 509,871	0 ............................... 0
3MR GEOFFREY S CHATASBOARD MEMBER	(i) (ii)	0 ............................... 733,772	0 ............................... 0	0 ............................... 79,481	0 ............................... 172,725	0 ............................... 43,911	0 ............................... 1,029,889	0 ............................... 0
4MR R MICHAEL GRAYBOARD MEMBER	(i) (ii)	0 ............................... 183,112	0 ............................... 0	0 ............................... 942	0 ............................... 56,941	0 ............................... 40,083	0 ............................... 281,078	0 ............................... 0
5MR JEFFREY A SPRAGUESECR & CHIEF OPERATING OFFICER	(i) (ii)	124,137 ............................... 0	0 ............................... 0	0 ............................... 0	5,049 ............................... 0	25,936 ............................... 0	155,122 ............................... 0	0 ............................... 0
6MR RICK GILDOWFORMER PRES & BOARD MEMBER	(i) (ii)	6,406 ............................... 89,447	0 ............................... 2,850	0 ............................... 1,159	0 ............................... 9,885	0 ............................... 13,186	6,406 ............................... 116,527	0 ............................... 0

Schedule J (Form 990) 2014

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 6A	TRANSPORTATION RESEARCH CENTER INC. (TRC INC.) HAS A PERFORMANCE MANAGEMENT PROCESS THAT CONTAINS A PERFORMANCE BONUS PLAN. IN ORDER TO ACTIVATE THE PERFORMANCE BONUS, TRC INC. MUST ACHIEVE THREE CRITERIA. THE FIRST CRITERION IS THAT EXCESS REVENUE OVER EXPENSE MUST BE AT LEAST $1.3 MILLION BEFORE ANY UNREALIZED CAPITAL GAIN OR LOSS IN THE FISCAL YEAR. THE SECOND CRITERION IS THAT CASH FLOW TO TRC INC.'S LANDLORD MUST EXCEED $2.5 MILLION. THE THIRD CRITERION IS THAT SURVEY RESULTS FROM TRC INC.'S CUSTOMERS MUST EXCEED A RATING OF 3.5 ON A SCALE TO 5. IF THESE THREE CRITERIA ARE MET, A PERFORMANCE BONUS POOL EQUAL TO 40% OF EVERY DOLLAR THAT THE EXCESS REVENUE OVER EXPENSE BEFORE UNREALIZED CAPITAL GAIN OR LOSS EXCEEDS THE $1.3 MILLION THRESHOLD IS ESTABLISHED. THAT POOL IS IS SHARED AMONG ALL EMPLOYEES ACTIVELY EMPLOYED AT THE TIME OF THE BONUS PAYMENT, PROVIDED THAT THE EMPLOYEE WAS EMPLOYED BY THE FIRST DAY OF THE FISCAL YEAR, THAT THE EMPLOYEE WAS CONTINUOUSLY EMPLOYED DURING THE ENTIRE FISCAL YEAR, AND THE EMPLOYEE WORKED AT LEAST 1,000 HOURS DURING THE FISCAL YEAR. THE AMOUNT OF THE BONUS PAID TO AN EMPLOYEE IS DEPENDANT UPON THE EMPLOYEE'S COMPENSATION CODE, PERFORMANCE EVALUATION SCORE AND COMPENSATION EARNED DURING THE FISCAL YEAR. FOR FISCAL YEAR ENDED JUNE 30, 2015, TRC INC. ACHIEVED ALL THREE CRITERIA. A PERFORMANCE BONUS POOL EXPENSE OF $329,299 WAS ACCRUED INTO FISCAL YEAR ENDING JUNE 30, 2015. THE PERFORMANCE BONUS IS ANTICIPATED TO BE PAID OUT IN TRC INC.'S FISCAL YEAR 2016, IN OCTOBER 2015. IT IS ANTICIPATED THAT A PERFORMANCE BONUS WILL BE PAID TO THE FOLLOWING PEOPLE LISTED IN FORM 990, PART VII, SECTION A: MR. SHAWN T. AHERN, MR. MILTON J. DUNLOP, MR. JEFFREY A. SPRAGUE, MR. RONALD W. BURTON, MR. RICHARD E. POWERS, AND MR. THOMAS E. RANNEY.

Return Reference

Explanation

PART I, LINE 6A

TRANSPORTATION RESEARCH CENTER INC. (TRC INC.) HAS A PERFORMANCE MANAGEMENT PROCESS THAT CONTAINS A PERFORMANCE BONUS PLAN. IN ORDER TO ACTIVATE THE PERFORMANCE BONUS, TRC INC. MUST ACHIEVE THREE CRITERIA. THE FIRST CRITERION IS THAT EXCESS REVENUE OVER EXPENSE MUST BE AT LEAST $1.3 MILLION BEFORE ANY UNREALIZED CAPITAL GAIN OR LOSS IN THE FISCAL YEAR. THE SECOND CRITERION IS THAT CASH FLOW TO TRC INC.'S LANDLORD MUST EXCEED $2.5 MILLION. THE THIRD CRITERION IS THAT SURVEY RESULTS FROM TRC INC.'S CUSTOMERS MUST EXCEED A RATING OF 3.5 ON A SCALE TO 5. IF THESE THREE CRITERIA ARE MET, A PERFORMANCE BONUS POOL EQUAL TO 40% OF EVERY DOLLAR THAT THE EXCESS REVENUE OVER EXPENSE BEFORE UNREALIZED CAPITAL GAIN OR LOSS EXCEEDS THE $1.3 MILLION THRESHOLD IS ESTABLISHED. THAT POOL IS IS SHARED AMONG ALL EMPLOYEES ACTIVELY EMPLOYED AT THE TIME OF THE BONUS PAYMENT, PROVIDED THAT THE EMPLOYEE WAS EMPLOYED BY THE FIRST DAY OF THE FISCAL YEAR, THAT THE EMPLOYEE WAS CONTINUOUSLY EMPLOYED DURING THE ENTIRE FISCAL YEAR, AND THE EMPLOYEE WORKED AT LEAST 1,000 HOURS DURING THE FISCAL YEAR. THE AMOUNT OF THE BONUS PAID TO AN EMPLOYEE IS DEPENDANT UPON THE EMPLOYEE'S COMPENSATION CODE, PERFORMANCE EVALUATION SCORE AND COMPENSATION EARNED DURING THE FISCAL YEAR. FOR FISCAL YEAR ENDED JUNE 30, 2015, TRC INC. ACHIEVED ALL THREE CRITERIA. A PERFORMANCE BONUS POOL EXPENSE OF $329,299 WAS ACCRUED INTO FISCAL YEAR ENDING JUNE 30, 2015. THE PERFORMANCE BONUS IS ANTICIPATED TO BE PAID OUT IN TRC INC.'S FISCAL YEAR 2016, IN OCTOBER 2015. IT IS ANTICIPATED THAT A PERFORMANCE BONUS WILL BE PAID TO THE FOLLOWING PEOPLE LISTED IN FORM 990, PART VII, SECTION A: MR. SHAWN T. AHERN, MR. MILTON J. DUNLOP, MR. JEFFREY A. SPRAGUE, MR. RONALD W. BURTON, MR. RICHARD E. POWERS, AND MR. THOMAS E. RANNEY.

Schedule J (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Information about Schedule L (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

TRANSPORTATION RESEARCH CENTER INC

Employer identification number

31-1228202

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e)Original principal amount	(f)Balance due	(g) In default?		(h) Approved by board or committee?		(i)Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No






Total ...... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

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

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2014

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) MS ANGELA R DUNLOP	DAUGHTER OF OFFICER	37,529	EMPLOYMENT		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation
PART IV	BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: MILTON J. DUNLOP IS AN OFFICER OF TRANSPORTATION RESEARCH CENTER INC. HIS DAUGHTER, ANGELA R. DUNLOP, WAS EMPLOYED BY TRANSPORTATION RESEARCH CENTER INC. IN FISCAL YEAR ENDED JUNE 30, 2015 AND EARNED COMPENSATION OF $37,529 IN CALENDAR YEAR ENDED DECEMBER 31, 2014.

Schedule L (Form 990 or 990-EZ) 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

TRANSPORTATION RESEARCH CENTER INC

Employer identification number

31-1228202

Return Reference	Explanation
PART I, LINE 1	ORGANIZATION'S MISSION: AS A GLOBAL INDEPENDENT PROVIDER OF DEVELOPMENT, RESEARCH AND TESTING, TRANSPORTATION RESEARCH CENTER INC. SERVES THE MOBILITY INDUSTRY WITH A WORLD-CLASS FACILITY, HIGH-QUALITY SERVICES AND INNOVATIVE SOLUTIONS THROUGH COLLABORATION AND PARTNERSHIPS WITH ACADEMIA, INDUSTRY, AND GOVERNMENT, WHILE SATISFYING STAKEHOLDER EXPECTATIONS.
PART VI, SECTION A, LINE 1A	MATERIAL DIFFERENCES OF VOTING MEMBERS: THERE ARE CURRENTLY SEVEN DIRECTORS ON THE BOARD OF TRANSPORTATION RESEARCH CENTER INC. THE NUMBER OF DIRECTORS SHALL BE NO FEWER THAN SIX BUT NO MORE THAN ELEVEN. THE DIRECTORS ARE DIVIDED INTO TWO CLASSES: ONE CLASS, DESIGNATED, "EX OFFICIO DIRECTORS", CONSIST OF FOUR DIRECTORS, AND THE OTHER CLASS, DESIGNATED "PUBLIC DIRECTORS", CONSIST OF THE REMAINING DIRECTORS. THE "EX OFFICIO DIRECTORS", APPOINTED BY THE OHIO STATE UNIVERSITY, ARE FORMALLY INSTRUCTED TO REPRESENT THE OHIO STATE UNIVERSITY AND ITS INTERESTS. THE "EX OFFICIO DIRECTORS" ARE: THE UNIVERSITY CONTROLLER OF THE OHIO STATE UNIVERSITY; THE VICE PRESIDENT FOR RESEARCH OF THE OHIO STATE UNIVERSITY; THE DEAN OF THE COLLEGE OF ENGINEERING OF THE OHIO STATE UNIVERSITY; AND THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF TRANSPORTATION RESEARCH CENTER INC. EACH DIRECTOR IN OFFICE SHALL HAVE ONE VOTE. THE VOTE OF A MAJORITY OF THE DIRECTORS PRESENT AT ANY MEETING AT WHICH THERE IS A QUORUM SHALL BE THE ACT OF THE DIRECTORS; PROVIDED, HOWEVER, THAT THE AFFIRMATIVE VOTE OF THE "EX OFFICIO DIRECTORS" WHO ARE THE DEAN OF THE COLLEGE OF ENGINEERING OF THE OHIO STATE UNIVERSITY AND THE VICE PRESIDENT FOR RESEARCH OF THE OHIO STATE UNIVERSITY SHALL ALSO BE NECESSARY AS PART OF THE MAJORITY TO APPROVE THE FOLLOWING ACTS AND TRANSACTIONS: (1) AMENDMENT OF THE ARTICLES OR CODE OF REGULATIONS; (2) ADOPTION OF THE ANNUAL AND MULTI-YEAR OPERATING AND CAPITAL BUDGETS AND BUSINESS PLANS; (3) APPROVAL OF MATERIAL UNBUDGETED EXPENDITURES, EXCEPT FOR UNBUDGETED EXPENDITURES THAT ARE DIRECTLY REIMBURSABLE BY A THIRD PARTY; (4) ADOPTION OF STRATEGIC PLANS; (5) EXERCISE OF ANY POWERS THE CORPORATION MAY HAVE AS A MEMBER, SHAREHOLDER, PARTNER OR OTHERWISE OF ANOTHER CORPORATION, LIMITED LIABILITY COMPANY, PARTNERSHIP, JOINT VENTURE OR OTHER ORGANIZATION; (6) DISSOLUTION OR LIQUIDATION; (7) MERGER, CONSOLIDATION OR OTHER FORM OF BUSINESS COMBINATION OR REORGANIZATION; (8) SALE, LEASE, MORTGAGE OR OTHER DISPOSITION OF A MATERIAL AMOUNT OF THE ASSETS OR BUSINESS OF THE CORPORATION OR SHARE, MEMBERSHIP OR CONTROL INTERESTS OF ANOTHER ENTITY; (9) DISSOLUTION AND ANY DISTRIBUTION OF ASSETS UPON DISSOLUTION; (10) INCURRENCE OF DEBT OR ASSUMPTION OR GUARANTEE OF DEBT, INCLUDING CONTINGENT OR CONDITIONAL DEBT, IN EXCESS OF $500,000 IN THE AGGREGATE AT ANY ONE TIME; (11) BECOMING A MATERIAL INVESTOR, PARTNER, MEMBER, ASSOCIATE, OR PARTICIPANT IN ANY OTHER ENTERPRISE OR VENTURE, WHETHER FOR PROFIT OR NONPROFIT; (12) FORMATION OF A SUBSIDIARY; (13) ANY ACTION THAT TRANSPORTATION RESEARCH CENTER INC. MAY BE AUTHORIZED TO TAKE INVOLVING THE PRESIDENT/CHIEF EXECUTIVE OFFICER/MANAGEMENT AGENT; OR (14) ELECTION OF PUBLIC DIRECTORS.
PART VI, SECTION A, LINE 2	DIRECTOR RELATIONSHIPS: TRANSPORTATION RESEARCH CENTER INC. CHAIRMAN OF THE BOARD, DR. DAVID B. WILLIAMS AND TRANSPORTATION RESEARCH CENTER INC. BOARD MEMBER KENNY MCDONALD, ARE ALSO BOARD MEMBERS OF COLUMBUS 2020, AN ORGANIZATION THAT KENNY MCDONALD LEADS.
PART VI, SECTION A, LINE 4	SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS SINCE THE PRIOR FORM 990 WAS FILED: DURING FISCAL YEAR ENDED JUNE 30, 2015, TRANSPORTATION RESEARCH CENTER INC. MADE THE FOLLOWING CHANGES TO ITS CODE OF REGULATIONS: EXPANDED THE TITLE OF THE PRESIDENT TO PRESIDENT/CHIEF EXECUTIVE OFFICER/MANAGEMENT AGENT IN SECTION 1.02.A; ADDED AN ADDITIONAL ACT AND TRANSACTION IN SECTION 1.05.B., WHICH REQUIRES THE APPROVAL OF AT LEAST THE DEAN OF THE COLLEGE OF ENGINEERING AT THE OHIO STATE UNIVERSITY AND THE VICE PRESIDENT FOR RESEARCH OF THE OHIO STATE UNIVERSITY, THAT ACTION BEING THAT ANY ACTION THAT TRANSPORTATION RESEARCH CENTER INC. MAY BE AUTHORIZED TO TAKE INVOLVING THE PRESIDENT/CHIEF EXECUTIVE OFFICER/MANAGEMENT AGENT, WHICH WAS INSERTED AS ACT NUMBER 13; RE-NUMBERING THE PREVIOUS ADDITIONAL ACT AND TRANSACTION NUMBER 13 IN SECTION 1.05.B. TO NUMBER 14; ELIMINATING THE ABILITY OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER/MANAGEMENT AGENT TO CALL A SPECIAL MEETING OF THE BOARD OF DIRECTORS AND GIVING THAT ABILITY TO THE CHAIRMAN OF THE BOARD IN SECTION 1.07.C; REMOVING THE TITLE OF CHIEF EXECUTIVE OFFICER FROM THE CHAIRMAN OF THE BOARD AND GIVING IT TO THE PRESIDENT IN SECTION 3.02; IMPOSING A MANDATORY DUTY ON TRANSPORTATION RESEARCH CENTER INC. TO MAINTAIN ITS DIRECTOR AND LIABILITY INSURANCE IN SECTION 4.07; AND CERTAIN GRAMMATICAL CORRECTIONS WITHIN THE CODE OF REGULATIONS.
PART VI, SECTION A, LINE 9	ADDRESSES OF DIRECTORS DIFFERING FROM THE ORGANIZATION'S MAILING ADDRESS: CHAIRMAN OF THE BOARD - DR. DAVID B. WILLIAMS - THE OHIO STATE UNIVERSITY COLLEGE OF ENGINEERING, 142 HITCHCOCK HALL, 2070 NEIL AVENUE, COLUMBUS, OHIO 43210-1275 VICE CHAIRMAN OF THE BOARD - MR. GEORGE ARNOLD - H.R. GRAY, 3770 RIDGE MILL DRIVE, COLUMBUS, OHIO 43026 BOARD MEMBER - DR. CAROLINE C. WHITACRE - THE OHIO STATE UNIVERSITY OFFICE OF RESEARCH, 208 BRICKER HALL, 190 NORTH OVAL MALL, COLUMBUS, OHIO 43210-1355 BOARD MEMBER - MR. GEOFFREY S. CHATAS - THE OHIO STATE UNIVERSITY, 208 BRICKER HALL, 190 NORTH OVAL MALL, COLUMBUS, OHIO 43210-1355 BOARD MEMBER - MR. R. MICHAEL GRAY - THE OHIO STATE UNIVERSITY OFFICE OF THE CONTROLLER, 2042 BLANKENSHIP HALL, 901 WOODY HAYES DRIVE, COLUMBUS, OHIO 43210 BOARD MEMBER - MR. KENNY MCDONALD - COLUMBUS 2020, 150 SOUTH FRONT STREET, SUITE 200, COLUMBUS, OHIO 43215
PART VI, SECTION B, LINE 11B	PROCESS TO REVIEW FORM 990: THE MANAGER OF FINANCE AND THE VICE PRESIDENT, BUSINESS ADMINISTRATION PREPARE AND REVIEW THE FORM 990. UPON COMPLETION OF THEIR REVIEW, THEY FORWARD THE FORM 990 TO TRC INC.'S PUBLIC ACCOUNTING FIRM, PRICEWATERHOUSECOOPERS, LLP, WHO COMPILES AND REVIEWS THE FORM 990. PRIOR TO FILING THE FORM 990, THE FORM 990 IS SENT TO THE MEMBERS OF THE TRC INC. AUDIT COMMITEE AND THE TRC INC. BOARD OF DIRECTORS. THE FORM 990 IS ALSO REVIEWED BY THE TAX MANAGER AT THE OHIO STATE UNIVERSITY PRIOR TO FILING.
PART VI, SECTION B, LINE 12C	PROCESS TO REVIEW THE CONFLICT OF INTEREST POLICY: THE PRESIDENT/CEO OF THE CORPORATION IS RESPONSIBLE FOR THE DESIGN AND IMPLEMENTATION OF THE CONFLICT OF INTEREST POLICY. DIRECTORS, OFFICERS, AND EMPLOYEES SHOULD STRIVE AT ALL TIMES TO AVOID CONFLICTS OF INTEREST AND DEVELOP AND MAINTAIN AN ATTITUDE OF AWARENESS OF SITUATIONS IN WHICH AN APPEARANCE OF CONFLICT MIGHT ARISE. A POLICY OF FULL DISCLOSURE TO TRC INC. WILL BE FOLLOWED TO ASSESS AND PREVENT POTENTIAL CONFLICTS OF INTEREST FROM ARISING. DIRECTORS, OFFICERS, AND EMPLOYEES SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF: (A) SUCH PERSON HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS WHICH IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH PERSON'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO TRC INC., OR (B) SUCH PERSON IS AWARE THAT A MEMBER OF HIS OR HER FAMILY, OR ANY ORGANIZATION IN WHICH SUCH PERSON (OR MEMBER OF HIS OR HER FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE, OR CONTROLLING STOCKHOLDER, HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. FOR THE PURPOSES OF THIS PROVISION, A FAMILY MEMBER IS DEFINED AS A SPOUSE, PARENTS, SIBLINGS, CHILDREN, AND ANY OTHER RELATIVE IF THE LATTER RESIDES IN THE SAME HOUSEHOLD AS THE PERSON. ALL DIRECTORS, OFFICERS, AND EMPLOYEES SHALL DISCLOSE TO TRC INC. ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE SHALL COMPLETE AND SIGN A DISCLOSURE FORM PROVIDED ANNUALLY BY THE SECRETARY OF THE BOARD OF DIRECTORS. THE COMPLETED DISCLOSURE FORM IS REVIEWED BY THE PRESIDENT AND SECRETARY OF THE CORPORATION FOR DETERMINATION OF ANY POSSIBLE CONFLICTS.
PART VI, SECTION B, LINE 15B	COMPENSATION DETERMINATION PROCESS: TRC INC.'S COMPENSATION SYSTEM IS DESIGNED TO ESTABLISH AND MAINTAIN PAY LEVELS THAT WILL ATTRACT AND RETAIN A WORKFORCE NECESSARY FOR OUR CONTINUED SUCCESS. WE DO THIS THROUGH A SYSTEM OF COMPENSATION THAT IS RESPONSIVE TO CHANGES IN THE MARKET PLACE, THE ORGANIZATION, AND THE ECONOMIC CONDITIONS WITHIN TRC INC. AND OUR INDUSTRY. THE COMPENSATION SYSTEM SHALL BE BASED ON, TO THE MAXIMUM EXTENT PRACTICABLE, JOB CLASSIFICATIONS AND PAY RATES APPLICABLE TO EMPLOYEES IN THE LOCAL AREA, BUT MAY DEVIATE THEREFROM IF IT IS DETERMINED IN ANY CASE THAT SUCH IS IN THE BEST INTERESTS OF TRC INC. TRC INC. POSITIONS ARE DIVIDED INTO GRADES OF DIFFICULTY AND RESPONSIBILITY OF WORK. EACH POSITION IN THE ORGANIZATION HAS BEEN ASSIGNED A COMPENSATION CODE THAT ESTABLISHES THE VALUE OF THE POSITION RELATIVE TO OTHER POSITIONS IN THE ORGANIZATION. A COMPENSATION CODE GRID HAS BEEN ESTABLISHED OUTLINING EACH JOB TITLE AND THE CORRESPONDING COMPENSATION CODE AND ITS PAY MINIMUM AND MAXIMUMS. HUMAN RESOURCES ADMINISTRATION WILL REVIEW THE COMPENSATION PROGRAM ANNUALLY TO DETERMINE ITS ADEQUACY ACCORDING TO TRC'S COMPENSATION POLICY. RECOMMENDATIONS TO MAINTAIN OR REVISE THE SYSTEM WILL BE MADE TO CORPORATION ADMINISTRATION PERIODICALLY. AS PART OF THAT PERIODIC REVIEW, AN EXTERNAL, INDEPENDENT, COMPARATIVE COMPENSATION MARKETING SURVEY, CONDUCTED BY AN EXTERNAL VENDOR, IS COMPLETED AND REVIEWED. ALL REVIEW AND DECISIONS ARE SHARED WITH THE TRC INC. AUDIT COMMITTEE AND THE TRC INC. BOARD.
PART VI, SECTION C, LINE 19	PUBLIC INSPECTION: TRC INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE PUBLIC.
PART VII, SECTION A, COLUMN E	DESCRIPTION OF REASONABLE EFFORTS UNDERTAKEN IN ACQUIRING COMPENSATION: THE VICE PRESIDENT, BUSINESS ADMINISTRATION PREPARES A QUESTIONNAIRE THAT IS DISTRIBUTED TO EACH BOARD MEMBER BY THE JUNE MEETING. THE VICE PRESIDENT, BUSINESS ADMINISTRATION REQUESTS THAT QUESTIONNAIRE BE COMPLETED BY EACH BOARD MEMBER AND OFFICER AND RETURNED TO THE VICE PRESIDENT, BUSINESS ADMINISTRATION BY JUNE 30. TRANSPORTATION RESEARCH CENTER INC. ALSO VALIDATES THE COMPENSATION AND BENEFITS REPORTED BY THE BOARD MEMBERS EMPLOYED BY THE OHIO STATE UNIVERSITY WITH THE PAYROLL DEPARTMENT AT THE OHIO STATE UNIVERSITY.
PART XI, LINE 9	OTHER CHANGES IN NET ASSETS OR FUND BALANCES: $(1,530,007) - TRANSFER OF FISCAL YEAR 2015 EXCESS REVENUE OVER EXPENSES BEFORE UNREALIZED CAPITAL GAIN TO THE OHIO STATE UNIVERSITY IN FISCAL YEAR 2015.

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

TRANSPORTATION RESEARCH CENTER INC

Employer identification number

31-1228202

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)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

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) THE OHIO STATE UNIVERSITY ENARSON HALL 154 W 12TH AVE COLUMBUS,OH43210 31-6025986	EDUCATION	OH	501(C)(3)	5	NA		No

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	(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 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

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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

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

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

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

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) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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) . . . . . . . . . . . . . . . . . . . .

Yes

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

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

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: SEE SCHEDULE O
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	2
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	535
6	Total number of volunteers (estimate if necessary) .............	6	535
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	5,650,400
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	1,543,414

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	151,245	0
9	Program service revenue (Part VIII, line 2g) .........	26,053,724	26,219,992
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	134,788	136,155
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	26,339,757	26,356,147
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
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)	18,324,488	18,212,921
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	6,485,262	6,397,688
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	24,809,750	24,610,609
19	Revenue less expenses. Subtract line 18 from line 12.......	1,530,007	1,745,538
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	14,493,590	13,523,680
21	Total liabilities (Part X, line 26).............	4,095,352	3,008,392
22	Net assets or fund balances. Subtract line 21 from line 20.....	10,398,238	10,515,288

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 20,613,694 including grants of $ 0 ) (Revenue $ 26,219,992 )
	TRANSPORTATION RESEARCH CENTER INC. MANAGED THE OPERATIONS OF THE TRANSPORTATION RESEARCH CENTER FACILITY AND CONDUCTS RESEARCH SERVICES REGARDING THE DESIGN OF AUTOMOTIVE VEHICLE TESTING PROCEDURES AND EQUIPMENT FOR BOTH GOVERNMENT SAFETY TESTING AGENCIES AND PRIVATE SPONSORS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses20,613,694

(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)				(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
(1) DR DAVID B WILLIAMS........................................................................ CHAIRMAN OF THE BOARD	1.0 .......................40.0	X				0	423,540	76,042
(2) MR MARK-TAMI HOTTA........................................................................ CHIEF EXECUTIVE OFFICER	32.0 .......................8.0	X				0	0	0
(3) MR GEORGE J ARNOLD........................................................................ VICE CHAIRMAN OF THE BOARD	1.0 .......................0.0	X				0	0	0
(4) DR CAROLINE C WHITACRE........................................................................ BOARD MEMBER	1.0 .......................40.0	X				0	395,229	114,642
(5) MR GEOFFREY S CHATAS........................................................................ BOARD MEMBER	1.0 .......................40.0	X				0	813,253	216,636
(6) MR R MICHAEL GRAY........................................................................ BOARD MEMBER	1.0 .......................40.0	X				0	184,054	97,024
(7) MR KENNY MCDONALD........................................................................ BOARD MEMBER	1.0 .......................0.0	X				0	0	0
(8) MR JEFFREY A SPRAGUE........................................................................ SECR & CHIEF OPERATING OFFICER	40.0 .......................0.0	X				124,137	0	30,985
(9) MR MILTON J DUNLOP........................................................................ SENIOR VP, OPERATIONS	40.0 .......................0.0		X			116,635	0	31,951
(10) MR SHAWN T AHERN........................................................................ TREAS AND VP, BUSINESS ADMIN	40.0 .......................0.0		X			110,162	0	23,396
(11) MR JOHN W PHILLIPS........................................................................ VP, DURABILITY AND DYNAMICS	40.0 .......................0.0		X			119,091	0	20,974
(12) MR RONALD W BURTON........................................................................ ASSIST. VP, CONTRACT SERVICES	40.0 .......................0.0		X			93,889	0	10,117
(13) MR RICHARD E POWERS........................................................................ ASSIST VP, FACILITIES	40.0 .......................0.0		X			90,814	0	28,945
(14) MR THOMAS A RANNEY........................................................................ RESEARCH SCIENTIST	40.0 .......................0.0			X		109,119	0	31,543
(15) MR RICK GILDOW........................................................................ FORMER PRES & BOARD MEMBER	0.0 .......................0.0				X	6,406	93,456	23,071

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	770,253	1,909,532	705,326

				(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
d	Related organizations...1d
e	Government grants (contributions)1e

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

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			0
			Business Code
2a	TRANSPORTATION TESTING		541380	11,933,414	11,933,414
b	GOVERNMENT CONTRACTS		541700	8,636,178	8,636,178
c	ENGINEERING, PERSONAL SERVICES		541380	5,650,400		5,650,400
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			26,219,992
3	Investment income (including dividends, interest, and other similar amounts).......			136,155			136,155
4	Income from investment of tax-exempt bond proceeds..			0
5	Royalties...........			0
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)	0	0
d	Net rental income or (loss).......			0
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss)..........			0
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..			0
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...			0
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..			0
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See Instructions......			26,356,147	20,569,592	5,650,400	136,155


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			600	1	600
2	Savings and temporary cash investments .........			3,423,023	2	2,135,839
3	Pledges and grants receivable, net ...........			0	3	0
4	Accounts receivable, net .............			6,558,855	4	5,933,613
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
				0	5	0
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
				0	6	0
7	Notes and loans receivable, net .............			0	7	0
8	Inventories for sale or use ..............			38,702	8	37,841
9	Prepaid expenses and deferred charges ..........			121,644	9	884,058
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	7,742,777
b	Less: accumulated depreciation .....	10b	7,227,000	429,034	10c	515,777
11	Investments—publicly traded securities ..........			0	11	0
12	Investments—other securities. See Part IV, line 11 .....			3,921,732	12	3,976,002
13	Investments—program-related. See Part IV, line 11 .....			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			0	15	39,950
16	Total assets. Add lines 1 through 15 (must equal line 34)......			14,493,590	16	13,523,680
17	Accounts payable and accrued expenses .........			3,768,212	17	2,497,562
18	Grants payable .................			0	18	0
19	Deferred revenue ................			327,140	19	209,650
20	Tax-exempt bond liabilities .............			0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D..			0	21	0
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..........			0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..			0	23	0
24	Unsecured notes and loans payable to unrelated third parties ....			0	24	0
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....................			0	25	301,180
26	Total liabilities. Add lines 17 through 25.........			4,095,352	26	3,008,392
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			7,568,691	27	7,568,691
28	Temporarily restricted net assets ...........			2,829,547	28	2,946,597
29	Permanently restricted net assets ...........			0	29	0
	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 ...........			10,398,238	33	10,515,288
34	Total liabilities and net assets/fund balances ........			14,493,590	34	13,523,680