9. Capital Lease Obligations
The Foundation has several noncancellable capital leases relating to computer hardware and office equipment.
The future minimum rental payments required under these leases are as follows:
| 2008 | $419,771 |
|---|---|
| 2009 | 410,392 |
| 2010 | 121,331 |
| 2011 | 5,274 |
| 956,768 | |
| Less amounts representing interest | (246,992) |
| $709,776 |