I should point out that there's an error in the 2014-2015 Form 990. The first page (Part 1, Revenue, Item 10, Investment Income) shows -$56,577. It's an error by the accounting firm that prepared the 990 and we didn't catch it before it was filed. We'll need to file an amended return once we figure out where the heck they came up with that. TIGHAR has no investments and certainly did not have an investment loss or sell anything. We have since changed accounting firms.
Also, the current 990 shows a negative net assets balance (item 22) of $335,902 due to liabilities of $418,782 against total assets of $82,830. Those figures were correct for fiscal 2014-2015. Most of the liabilities figure was due to a loan made by a board member to cover the funding shortfall for the 2012 Niku VII expedition. The individual has now converted the loan to a donation and taken the tax deduction - so we're now in the black.
Recovering from the problem-plagued 2012 expedition, the ridiculous but expensive lawsuit and subsequent appeal, and the under-funded 2015 expedition has been challenging, but with the support and encouragement of the TIGHAR membership we have prevailed and are once again moving forward with a healthy and vibrant organization, stronger for the hard lessons learned.