2025-09-16T15:46:07-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2024-01-01 112981112 MESORAH HERITAGE FOUNDATION MESO 7189219000 313 REGINA AVENUE RAHWAY NJ 07065 RABBI GEDALIAH ZLOTOWITZ PRESIDENT 7189219000 2025-09-16 1 1 SACHA RICHARDS P01378509 9082726200 2025-09-15 2024 2025-03-06 01:10:19Z RABBI GEDALIAH ZLOTOWITZ 313 REGINA AVENUE RAHWAY NJ 07065 38300140 0 X WWW.MESORAHHERITAGE.ORG X 1989 NY RESEARCH, TRANSLATE, AND PREPARE JEWISH, RELIGIOUS, AND LITERARY WORKS. 8 6 96 7 0 0 15552854 12218565 0 0 318155 598796 0 0 15871009 12817361 10000 17950 0 0 6992745 7717907 0 0 905973 6071107 6678244 13073852 14414101 2797157 -1596740 24197389 23045457 0 0 24197389 23045457 X THE FOUNDATION'S MISSION IS TO RESEARCH, LOCATE, TRANSLATE, AND CREATE JEWISH RELIGIOUS, LITERARY, BIBLICAL, AND TALMUDIC WORKS FOR RELIGIOUS, SCHOLARLY AND CULTURAL PURPOSES FOR THE GENERAL PUBLIC. 0 0 12697506 17950 0 THE MESORAH HERITAGE FOUNDATION WAS CREATED TO RESPOND TO URGENT NEEDS THAT BECAME APPARENT IN THE POST-WORLD WAR II ENGLISH-SPEAKING WORLD. THESE NEEDS CONTINUE TO GROW, IN PART THANKS TO THE SCHOLARSHIP SPONSORED BY THE FOUNDATION. IN ADDITION, THE SUCCESSFUL WORK OF THE FOUNDATION HAS BROUGHT DEMANDS FROM SPEAKERS OF MODERN HEBREW, FRENCH, AND SPANISH TO MAKE FOUNDATION WORKS AVAILABLE IN THEIR LANGUAGES.THE NEEDS MET BY THE FOUNDATION ARE THREEFOLD: (I) A LARGE JEWISH PUBLIC, INCLUDING THOSE WITH A YESHIVAH EDUCATION, FIND IT DIFFICULT OR IMPOSSIBLE TO STUDY CLASSIC JEWISH TEXTS IN THE ORIGINAL ANCIENT HEBREW OR ARAMAIC; AND (II) THERE IS A GROWING NUMBER OF PEOPLE WHO WISH TO STUDY THE JEWISH CLASSICS, BUT HAVE LITTLE OR NO KNOWLEDGE OF THE LANGUAGES IN WHICH THEY WERE WRITTEN. EVEN PEOPLE WHO SPEAK MODERN HEBREW FLUENTLY ARE NOT FAMILIAR WITH BIBLICAL AND RABBINIC HEBREW OR ARAMAIC, THE LANGUAGE OF TALMUDIC TIMES AND MUCH POST-TALMUDIC LITERATURE. MODERN HEBREW IS MUCH DIFFERENT FROM THE HEBREW OF 15 CENTURIES AGO, AND ARAMAIC IS A FOREIGN, VIRTUALLY EXTINCT, LANGUAGE. (III) THERE IS A NEED FOR ORIGINAL WORKS BASED ON THE CLASSICS AND WORKS ON SUCH SUBJECTS AS JEWISH LAW AS IT APPLIES TO MODERN DEVELOPMENTS, THEOLOGICAL AND PHILOSOPHICAL TEXTS, AND SIMILAR PROJECTS THAT SHED LIGHT ON TRADITIONAL JEWISH AND TALMUDIC SCHOLARSHIP AND PRACTICE. THE MISSION OF THE MESORAH HERITAGE FOUNDATION IS TO SELECT APPROPRIATE CLASSIC JEWISH WORKS OF RELIGION, LAW, LITURGY, CULTURE, AND SCHOLARSHIP THAT HAVE PREVIOUSLY BEEN UNAVAILABLE TO THE GENERAL PUBLIC, OR THAT HAVE NOT BEEN AVAILABLE WITH A THOROUGH ELUCIDATION IN THE MODERN IDIOM. THE FOUNDATION ENGAGES HIGHLY QUALIFIED SCHOLARS TO TRANSLATE, ELUCIDATE, EDIT, AND PREPARE THE WORKS FOR PUBLICATION. OUR GOAL IS TO MAKE THESE WORKS ACCESSIBLE TO SCHOLARS, STUDENTS, AND LAYMEN IN A FORM THAT IS AUTHORITATIVE AND ACCURATE, WITH LITERARY GRACE, AND PLEASING AESTHETICS.ORIGINALLY THE FOUNDATION PRODUCED THESE WORKS IN ENGLISH, BUT IT HAS SINCE EXPANDED TO MODERN HEBREW, FRENCH AND SPANISH. THE FOUNDATION ALSO COMMISSIONS, IN ENGLISH AND OTHER LANGUAGES, ORIGINAL MANUSCRIPTS OF JEWISH SCHOLARSHIP, LAW, ETHICS, LITURGY, AND HISTORY.TO FULFILL ITS MISSION AND GOALS, THE FOUNDATION ENGAGES SCHOLARS AND EDITORS, 90-150 AT ANY GIVEN TIME, TO RESEARCH, WRITE, AND PREPARE THE WORKS FOR PUBLICATION. THE FOUNDATION'S CROWN JEWELS ARE THE COMPLETE 73-VOLUME ENGLISH AND HEBREW ELUCIDATIONS OF THE BABYLONIAN TALMUD. THE LATE LORD IMMANUEL JAKOBOVITS, CHIEF RABBI OF THE BRITISH COMMONWEALTH, DESCRIBED THESE EDITIONS OF THE TALMUD AS "THE GREATEST PUBLISHING PROJECT ACROSS THE LENGTH AND BREADTH OF JEWISH HISTORY." CURRENTLY IN PROGRESS IS A FRENCH-LANGUAGE ELUCIDATION OF THE BABYLONIAN TALMUD. ANOTHER MAJOR INDEED HISTORIC PROJECT IS THE 51-VOLUME ELUCIDATIONS, IN BOTH ENGLISH AND MODERN HEBREW, OF THE JERUSALEM TALMUD. THIS SEMINAL WORK, WHICH HAS BEEN VIRTUALLY A SEALED BOOK FOR NEARLY 1,800 YEARS, HAS NOW BECOME ACCESSIBLE TO MODERN READERS, TO LAY AND SCHOLARLY ACCLAIM.THE FOUNDATION'S VOLUMES OF THE TALMUD HAVE MADE IT POSSIBLE FOR MANY TENS OF THOUSANDS OF PEOPLE TO ENGAGE IN DAILY STUDY. ON NEW YEARS DAY 2020, 110,000 PEOPLE FILLED METLIFE STADIUM AND BARCLAYS CENTER TO CELEBRATE THE COMPLETION OF DAF YOMI, THE SEVEN-AND-A-HALF-YEAR CYCLE OF DAILY TALMUD STUDY. ORGANIZERS OF THE EVENT CREDITED THE FOUNDATION FOR ENABLING MOST OF THE ATTENDEES TO STUDY AND UNDERSTAND THE TALMUD, AND TO BE ACTIVE PARTICIPANTS, INSTEAD OF MERELY SPECTATORS. ALSO COMPLETED ARE ENGLISH AND HEBREW ELUCIDATIONS OF THE MISHNAH, WHICH IS THE BASIS OF THE TALMUD.THE FOUNDATION'S WORKS INCLUDE TRANSLATIONS AND EXPLANATIONS OF THE SABBATH, FESTIVAL, AND WEEKDAY PRAYER BOOKS IN HEBREW, ENGLISH, AND SPANISH AND ALSO IN TRANSLITERATED AND INTERLINEAR VERSIONS. THESE PRAYER BOOKS HAVE BECOME STANDARD IN SYNAGOGUES ALL OVER THE WORLD. THE FOUNDATION'S EDITIONS OF THE CHUMASH, THE FIVE BOOKS OF MOSES, IN ENGLISH, FRENCH, SPANISH, AND MODERN HEBREW VERSIONS, ARE ENORMOUSLY POPULAR AND ARE EXPOSING NEW POPULATIONS TO THE FOUNDATION'S WORK. THE FOUNDATION HAS ENABLED THE PUBLICATION OF MANY VOLUMES OF SCRIPTURES, WITH TRANSLATION AND COMMENTARY, THAT ARE POPULAR IN SCHOOLS, HOMES, AND SYNAGOGUES. INDEED, THEY HAVE BECOME THE STANDARD IN MOST SYNAGOGUES. ALL 24 BOOKS OF THE HEBREW SCRIPTURES HAVE BEEN COMPLETED WITH AN UNPRECEDENTED ARRAY OF CLASSIC COMMENTARIES. THE FOUNDATION HAS ALSO PREPARED A ONE-VOLUME ENGLISH TRANSLATION, WITH NOTES, OF THE ENTIRE 24 BOOKS OF THE HEBREW SCRIPTURES.OTHER MAJOR CLASSICS, NEVER BEFORE PRESENTED SO THOROUGHLY IN ENGLISH, ARE MULTI-VOLUME TREATMENTS OF MIDRASH RABBAH, SEFER HACHINUCH, AND KITZUR SHULCHAN ARUCH, AND RAMBAN ON CHUMASH. SEVERAL NEW PROJECTS ARE UNDERWAY AND OTHERS ARE IN THE PIPELINE. DURING THE LOCKDOWN IN RESPONSE TO THE COVID-19 PANDEMIC, THE FOUNDATION GAVE PERMISSION TO DOWNLOAD NUMEROUS TEXTS TO ENABLE SCHOOLS AND SYNAGOGUES TO ENHANCE THEIR VIRTUAL EDUCATION PROGRAMS. IN THE COMING WEEKA WORK BEGINS ON A 17 VOLUME SPANISH EDITION OF THE MISHNAH.THE FOUNDATION HAS GIVEN PERMISSION, FREE OF CHARGE, TO A NON-PROFIT ORGANIZATION TO PUBLISH BRAILLE EDITIONS OF FOUNDATION BOOKS. WE FEEL PRIVILEGED TO PROVIDE THIS SERVICE TO A COMMUNITY THAT CURRENTLY HAS NO ACCESS TO SUCH CLASSIC WORKS. IN RECENT YEARS THE FOUNDATION PRODUCED UNPRECEDENTED DIGITAL APPS FOR THE ENTIRE TALMUD AND THE DAILY SIDDUR/PRAYER BOOK AND A HOST OF OTHER WORKS. IT IS CURRENTLY FINALIZING AN APP FOR THE ENTIRE HEBREW SCRIPTURES AS WELL AS APPS FOR MANY OF ITS OTHER CLASSIC WORKS. THANKS TO THESE DIGITAL APPS, ONE CAN ACCESS MORE THAN A MILLION CROSS-REFERENCES SPANNING 2,000 YEARS OF HEBREW, ARAMAIC, AND ENGLISH SCHOLARSHIP, WITH JUST THE TAP OF A FINGER. THIS IS AN EXAMPLE OF THE FOUNDATION'S USE OF STATE-OF-THE-ART TECHNOLOGY TO ADVANCE ITS MISSION OF MAKING SCHOLARLY WORKS EVEN MORE ACCESSIBLE TO LAYMEN, STUDENTS, AND SCHOLARS. THE MESORAH HERITAGE FOUNDATION HAS ENABLED THE PUBLICATION OF SEVERAL HUNDRED CLASSIC TITLES WHOSE IMPACT HAS BEEN DESCRIBED AS A REVOLUTION IN JEWISH AND SCHOLARLY LIFE. WHILE THE FOUNDATION IS PROUD OF ITS ACCOMPLISHMENTS TO DATE, AND AUSPICIOUS THOUGH THEY ARE, IT IS STILL ONLY THE BEGINNING, FOR THE WORK CONTINUES! AS WE WRITE, TEAMS OF ACCOMPLISHED SCHOLARS AND EDITORS ARE HARD AT WORK ON MORE ANCIENT AND MODERN JUDAICA CLASSICS. 12697506 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 107 0 96 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X RABBI GEDALIAH ZLOTOWITZ PRESIDENT 7189219000 313 REGINA AVENUE RAHWAY NJ 07065 RABBI GEDALIAH ZLOTOWITZ PRESIDENT 30.00 X X 64896 0 0 RABBI NOSSON SCHERMAN SECRETARY/TREASURER 40.00 X X 173399 0 7561 JOEL L FLEISHMAN TRUSTEE, THRU OCTOBER 2024 0.50 X 0 0 0 RABBI REUVEN FEINSTEIN TRUSTEE 0.50 X 0 0 0 HOWARD TZVI FRIEDMAN TRUSTEE 0.50 X 0 0 0 JUDAH I SEPTIMUS TRUSTEE 0.50 X 0 0 0 JOSEPH A SHENKER TRUSTEE 0.50 X 0 0 0 JAMES S TISCH TRUSTEE 0.50 X 0 0 0 GARY TORGOW TRUSTEE 0.50 X 0 0 0 SARA LEA HOBERMAN CONTROLLER 40.00 X 149782 0 0 STEVE WEISZ PUBLIC RELATIONS/MARKETING 40.00 X 166800 0 3200 SOLOMON BRANDER EDITOR 40.00 X 171742 0 3200 RABBI AVROHOM BIDERMAN EDITOR 40.00 X 153296 0 0 RABBI YEHEZKEL DANZIGER EDITOR 40.00 X 155655 0 0 1035570 0 13961 17 0 1 0 AHARON GUY MARCIANO REHOV HARAV UZIEL 37 JERUSALEM IS EDITING/WRITING SERVICES 207000 YISROEL BESSER 2140 BARCLAY AVENUE MONTREAL QUEBEC CA H3S 1J3 EDITING/WRITING SERVICES 206500 WITE PLACE PO BOX 300414 BROOKLYN NY 11230 EDITING/WRITING SERVICES 187200 MB SYSTEMS LLC CORP 600 REISTERSTOWN ROAD PIKESVILLE MD 21208 DIGITIZING SERVICES 167500 ROGA PARTNERS HARTOM 16 JERUSALEM IS EDITING/WRITING SERVICES 147694 6 12218565 1274225 12218565 517533 517533 25564042 25482779 81263 81263 81263 12817361 0 0 598796 17950 17950 245856 111896 111896 22064 243668 212924 11121 19623 5821946 5190325 165045 466576 925377 922179 1157 2041 481060 420364 21956 38740 19561 19561 67950 67950 125633 119113 6520 202478 20697 74043 107738 463686 209882 207243 46561 67947 34610 323 33014 7056 3594 34 3428 15946 6378 9568 EDITING AND DIGITIZING 4914870 4914870 DISSEMINATION OF RELIGI 575050 575050 EVENT EXPENSE 150100 150100 AUXILIARY TALMUDIC RESE 63165 63165 4802 4802 14414101 12697506 810622 905973 3757080 2550486 20363450 20360629 8495 15720 984043 865421 68364 118622 24197389 23045457 0 0 X 24197389 23045457 24197389 23045457 24197389 23045457 -1596740 444808 0 X X 0 1 X 1 0 X 10665909 12912236 20256849 15552854 12218565 71606413 10665909 12912236 20256849 15552854 12218565 71606413 21636337 49970076 123432 127455 192501 305687 517533 1266608 72873021 0.68570 0.70430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 984043 865421 118622 118622 X 13262169 444808 444808 12817361 0 12817361 14414101 0 14414101 0 14414101 PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2021. MIDDLE EAST AND NORTH AFRICA 0 92 PROGRAM SERVICES EDITING 2282416 NORTH AMERICA 0 3 PROGRAM SERVICES EDITING 250916 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES EDITING 124515 EUROPE (INCLUDING ICELAND & GREENLAND) 0 6 PROGRAM SERVICES EDITING 119462 0 102 0 0 0 102 2777309 0 2777309 0 0 0 0 0 0 1 BETH MEDRASH GOVOHA OF AMERICA 521 5TH STREET LAKEWOOD NJ 08701 210634542 501(C)(3) 10000 0 DONATION TO SUPPORT THEIR EDUCATIONAL GOALS 1 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS, THE GRANTEE'S ELIGIBILITY FOR THE GRANTS, AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS. DUE TO THE SMALL SIZE OF THE DONATION AND THE STERLING REPUTATION OF THE 2024 GRANTEE, NO ADDITIONAL MONITORING WAS DEEMED NECESSARY. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 RABBI NOSSON SCHERMAN SECRETARY/TREASURER 173399 0 0 0 0 0 0 0 7561 0 180960 0 0 0 SOLOMON BRANDER EDITOR 171742 0 0 0 0 0 0 0 3200 0 174942 0 0 0 STEVE WEISZ PUBLIC RELATIONS/MARKETING 166800 0 0 0 0 0 0 0 3200 0 170000 0 0 0 RABBI YEHEZKEL DANZIGER EDITOR 155655 0 0 0 0 0 0 0 0 0 155655 0 0 0 RABBI AVROHOM BIDERMAN EDITOR 153296 0 0 0 0 0 0 0 0 0 153296 0 0 0 PART I, LINE 1A FOR THE MESORAH HERITAGE FOUNDATION RETREAT, THE ORGANIZATION PURCHASED PLANE TICKETS FOR THE WIFE OF RABBI GEDALIAH ZLOTOWITZ, PRESIDENT AND THE WIFE OF AVROHOM BIDERMAN, EDITOR. THE AMOUNT PER TICKET WAS $103 AND $791. BOTH WIVES WORKED AT THE RETREAT GRATIS. AARON ZLOTOWITZ HAS A FAMILY RELATIONSHIP WITH RABBI GEDALIAH ZLOTOWITZ, PRESIDENT 113012 EMPLOYMENT 0 AARON J MUNK HAS A FAMILY RELATIONSHIP WITH RABBI GEDALIAH ZLOTOWITZ, PRESIDENT 69865 EMPLOYMENT 0 ESTHER DICKER HAS A FAMILY RELATIONSHIP WITH RABBI GEDALIAH ZLOTOWITZ, PRESIDENT 42591 EMPLOYMENT 0 ASHER DICKER HAS A FAMILY RELATIONSHIP WITH RABBI GEDALIAH ZLOTOWITZ, PRESIDENT 10400 EMPLOYMENT 0 ALAN GLUSTEIN HAS A FAMILY RELATIONSHIP WITH RABBI NOSSON SCHERMAN, SECRETARY/TREASURER 7800 EMPLOYMENT 0 X 6 1274225 AVERAGE SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART 1, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 RABBI GEDALIAH ZLOTOWITZ AND RABBI NOSSON SCHERMAN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION SENDS BY EMAIL A DRAFT COPY TO ALL MEMBERS OF THE BOARD, AND AWAITS THEIR COMMENTS. AFTER UPDATING THE RETURN WITH ANY CHANGES, THE ORGANIZATION EMAILS A FINAL VERSION TO ALL BOARD MEMBERS. A MEETING OR CONFERENCE CALL IS ARRANGED FOR BOARD MEMBERS TO DISCUSS AND APPROVE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT ANNUALLY TO ALL COVERED PERSONS (I.E. TRUSTEE, OFFICER, AND KEY PERSON) FOR THEM TO COMPLETE, SIGN AND RETURN. A COVERED PERSON HAS AN OBLIGATION TO DISCLOSE PROMPTLY TO THE CHAIRMAN OF THE AUDIT AND COMPENSATION COMMITTEE OF THE FOUNDATION (THE "AUDIT COMMITTEE") THE MATERIAL FACTS OF ANY PROPOSED TRANSACTION OF THE FOUNDATION IN WHICH SUCH COVERED PERSON OR A RELATED PARTY OF SUCH COVERED PERSON HAS ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST. THE DISCLOSURE SHOULD BE MADE PRIOR TO ANY CONSIDERATION OF SUCH PROPOSED TRANSACTION BY THE BOARD OR BY ANY APPLICABLE COMMITTEE, OR PROMPTLY AFTER SUCH PERSON HAS KNOWLEDGE OF THE RELEVANT FACTS IF HE OR SHE HAS NO ACTUAL KNOWLEDGE PRIOR TO THE RELEVANT BOARD OR COMMITTEE ACTION. ANY PERSON HAVING A CONFLICT WITH RESPECT TO A MATTER UNDER CONSIDERATION SHALL REFRAIN FROM PARTICIPATING IN OR ATTEMPTING TO INFLUENCE ANY DECISIONS OR VOTES REGARDING SUCH MATTER. SUCH PERSON SHALL NOT PARTICIPATE IN, AND SHALL NOT BE PRESENT FOR, ANY DISCUSSIONS, DELIBERATIONS, DECISIONS, OR VOTES REGARDING SUCH MATTER, EXCEPT TO THE EXTENT REQUESTED BY THE AUDIT COMMITTEE FOR PURPOSES OF PROVIDING INFORMATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AT ITS ANNUAL DECEMBER MEETING AND PERIODICALLY UNDERTAKES A REVIEW OF COMPARABLE SALARY DATA BASED ON FORM 990 DATA OF OTHER ORGANIZATIONS AND OTHER PUBLICLY AVAILABLE INFORMATION. THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE UPCOMING YEAR AND DOCUMENTS THE DISCUSSION AND APPROVAL IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 1023, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE UPON REQUEST. PART XII, LINE 1 THE ORGANIZATION USES THE MODIFIED CASH BASIS METHOD OF ACCOUNTING. PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT AUDITORS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOR, 990, PART VI, SECTION B, LINE 16 THE ORGANIZATION HAS ENTERED INTO AN AGREEMENT WITH A TAXABLE ENTITY. TWO DIRECTORS OF THE ORGANIZATION ARE SHAREHOLDERS IN THAT ENTITY. AS PART OF THE ORGANIZATION'S MISSION, THE ENTITY DISTRIBUTES THE ORGANIZATION'S BOOKS AT BELOW FAIR MARKET VALUE. THE AGREEMENT PROVIDES THAT THE BOOKS WILL BE PUBLISHED AT A PRICE THAT IS AFFORDABLE TO THE GENERAL PUBLIC AT A PRICE THAT IS LOWER THAN COMPARABLE SCHOLARLY WORKS. IN ADDITION, THE ENTITY PROVIDES THE ORGANIZATION WITH FREE FACILITIES, INCLUDING OFFICES, UTILITIES, AND CLERICAL SUPPORT. THE ORGANIZATION'S INDEPENDENT AUDITORS ARE ENGAGED ANNUALLY, IN CONJUNCTION WITH THE AUDIT COMMITTEE'S OVERSIGHT ROLE, TO MONITOR THE AGREEMENT BY PERFORMING SPECIAL AGREED UPON PROCEDURES ON THE TAXABLE ENTITY TO ASSURE COMPLIANCE WITH PROVISIONS OF THE AGREEMENT, INCLUDING THOSE THAT ASSURE THAT THE ENTITY DOES NOT RECEIVE ANY EXCESS BENEFITS, AS DEFINED, AND THAT APPROPRIATE PROCEDURES AND ACCOUNTING SAFEGUARDS ARE IN PLACE TO PROTECT THE ORGANIZATION'S INTERESTS. THE INDEPENDENT AUDITORS MEET SEMI-ANNUALLY WITH THE AUDIT COMMITTEE TO PLAN AND REVIEW THE SPECIAL AGREED UPON PROCEDURES REPORT AND FINDINGS.