2024-02-21T14:49:46-06:00 2023-03-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-04-01 132949483 NEW YORK ROAD RUNNERS INC C/O FINANCE DEPARTMENT NEWY 6467589739 156 WEST 56TH STREET NEW YORK NY 100193800 JEANMARIE COONEY SVP, FINANCE STRATEGY & OPS. 6467589739 2024-02-15 1 JEANMARIE COONEY XXX-XX-XXXX 1 GARRETT M HIGGINS P00543209 2122862600 2024-02-16 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT T SIMMELKJAER II 156 WEST 56TH STREET NEW YORK NY 100193800 143371354 0 X WWW.NYRR.ORG X 1979 NY NYRR'S MISSION IS TO HELP & INSPIRE PEOPLE THROUGH RUNNING VIA EVENTS, PROGRAMS & RESOURCES. 27 27 748 18936 356481 0 49504135 47799627 29639180 50026824 3446794 1800919 2451496 3434588 85041605 103061958 779023 642347 0 0 21600121 27405883 0 0 732064 50913481 69947198 73292625 97995428 11748980 5066530 136231172 166319928 53741215 84890491 82489957 81429437 X NYRR'S MISSION IS TO HELP AND INSPIRE PEOPLE THROUGH RUNNING WITH YEAR-ROUND EVENTS, YOUTH AND COMMUNITY PROGRAMS, VIRTUAL OFFERINGS, AND ASSOCIATED RESOURCES FOR PERSONS OF ALL AGES AND ABILITIES. 0 0 43775189 0 31713000 TCS NYC MARATHON:IN FISCAL YEAR 2023, NYRR HELD THE 51ST RUNNING OF THE NEW YORK CITY MARATHON AT FULL CAPACITY FOR THE FIRST TIME SINCE NOVEMBER 2019. THE NEW YORK CITY MARATHON WAS HELD ON NOVEMBER 6, 2022, AND WAS THE LARGEST MARATHON IN THE WORLD WITH 47,841 RUNNERS FROM OVER 130 COUNTRIES, ALL 50 STATES, INCLUDING D.C. AND PUERTO RICO, FINISHING THE RACE. 30527671 65502 17314599 OTHER COMMUNITY EVENTS:IN FISCAL YEAR 2023, OVER 209,000 RUNNERS PARTICIPATED IN APPROXIMATELY 32 IN-PERSON NYRR EVENTS, INCLUDING A WIDE VARIETY OF RACES OF VARYING DISTANCES THROUGHOUT THE FIVE BOROUGHS OF NEW YORK CITY AND THE SURROUNDING REGION. EVENTS INCLUDED THE FIVE-BOROUGH SERIES (BRONX 10M, NYC HALF, BROOKLYN HALF, QUEENS 10K, AND STATEN ISLAND HALF), AND 27 WEEKLY AND NYRR HERITAGE RACES. ADDITIONALLY, OVER 87,000 PEOPLE PARTICIPATED IN VIRTUAL RACES ONLINE FROM ALL AROUND THE WORLD. 10620866 576845 920675 COMMUNITY IMPACT SERVICES:IN FISCAL YEAR 2023, NYRR SERVED OVER 154,000 YOUTH AND ADULTS THROUGH OUR NYRR COMMUNITY IMPACT SERVICES (FORMERLY REFERRED TO AS YCS), CONSISTING OF THE FOLLOWING (I) FREE PROGRAMS AND EVENTS FOR YOUTH THROUGH OUR RISING NEW YORK ROAD RUNNERS PROGRAMS SERVING YOUTHS ACROSS HUNDREDS OF SCHOOLS AND COMMUNITY CENTERS THROUGHOUT NEW YORK CITY AND THE NATION FOSTERING PHYSICAL FITNESS AND CHARACTER DEVELOPMENT, (II) FREE YOUTH EVENTS, (III) FREE WEEKLY COMMUNITY OPEN RUNS FOR PARTICIPANTS OF ALL AGES THAT ARE HELD IN FIFTEEN PARKS ACROSS ALL FIVE BOROUGHS OF NEW YORK CITY, (IV) FREE FITNESS CLASSES AND EVENTS FOR SENIORS THROUGH THE STRIDERS PROGRAM AND (V) GROUP TRAINING AND COACHING FOR ADULTS AT ALL LEVELS. 674102 0 78550 OTHER PROGRAM SERVICES INCLUDE MEMBERSHIP SUPPORT, RUN CLUBS GATHERING AND OTHER VARIOUS PROGRAMS. 674102 0 78550 85597828 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 252 0 748 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NH NC ND NJ NY NM OK OR PA RI SC TN UT VA WV WI X X X JEANMARIE COONEY 6467589739 156 WEST 56TH STREET NEW YORK NY 100193800 GEORGE HIRSCH CHAIRMAN/BOARD MEMBER 1.00 X X 0 0 0 MICHAEL FRANKFURT SECRETARY/BOARD MEMBER 1.00 X X 0 0 0 DAVID WEIL TREASURER/BOARD MEMBER 1.00 X X 0 0 0 PRISCILLA ALMODOVAR BOARD MEMBER 1.00 X 0 0 0 DEAN BELL BOARD MEMBER 1.00 X 0 0 0 MARK BILSKY BOARD MEMBER 1.00 X 0 0 0 RICHARD BYRNE BOARD MEMBER 1.00 X 0 0 0 STACY CREAMER BOARD MEMBER 1.00 X 0 0 0 RAUL DAMAS BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER FOSTER BOARD MEMBER 1.00 X 0 0 0 JASON GOREVIC BOARD MEMBER 1.00 X 0 0 0 MICHAEL GROSS BOARD MEMBER 1.00 X 0 0 0 JED LASKOWITZ BOARD MEMBER 1.00 X 0 0 0 CATHY LASRY BOARD MEMBER 1.00 X 0 0 0 MARK LEVENFUS BOARD MEMBER, THRU 06/2022 1.00 X 0 0 0 ADRIENNE LOTSON BOARD MEMBER 1.00 X 0 0 0 NNENNA LYNCH BOARD MEMBER 1.00 X 0 0 0 NNAMDI OKIKE BOARD MEMBER 1.00 X 0 0 0 STEVE PAMON BOARD MEMBER 1.00 X 0 0 0 JOHN ROBERTS BOARD MEMBER 1.00 X 0 0 0 AMBER SABATHIA BOARD MEMBER 1.00 X 0 0 0 CIDRA SEBASTIEN BOARD MEMBER 1.00 X 0 0 0 DANIELLE SERED BOARD MEMBER, THRU 06/2022 1.00 X 0 0 0 MITCHELL SILVER BOARD MEMBER 1.00 X 0 0 0 EU-GENE SUNG BOARD MEMBER 1.00 X 0 0 0 JUDY TURCHIN BOARD MEMBER 1.00 X 0 0 0 JUAN URO BOARD MEMBER 1.00 X 0 0 0 JULIE WOOD BOARD MEMBER 1.00 X 0 0 0 ALICE VILMA BOARD MEMBER 1.00 X 0 0 0 KERIN HEMPEL CEO, THRU 12/2022 40.00 X 515420 0 2377 JEANMARIE COONEY SVP OF FINANCE/ASST. TREASURER 40.00 X 315932 0 30108 JAE LEE VP GENERAL COUNSEL & ASST SECRETARY, THRU 7/2022 40.00 X 167759 0 29639 SAMIRA SHAH SVP GENERAL COUNSEL & ASST SEC. AS OF 08/22 40.00 X 73858 0 11869 ROBERT T SIMMELKJAER II CEO, AS OF 12/2022 40.00 X 20229 0 0 ERICA EDWARDS-O'NEAL SVP CULTURE, DIVERSITY, EQUITY & INC. 40.00 X 279663 0 32068 TED METELLUS VP EDP RACE DIR. OF TCS NYC MARATHON 40.00 X 272831 0 26272 JEFFERY CARNEVALE SVP, IT & INFORMATION OFFICER 40.00 X 270674 0 24311 CHRISTINE BURKE SVP STRATEGIC PARTNERSHIPS & RUNNER PROD 40.00 X 269012 0 34201 MARIA NOTE VP, HUMAN RESOURCES & OFFICE OPS 40.00 X 233808 0 36371 2419186 0 227216 47 0 1 0 45 LIVE INC 2045 S BARRINGTON AVE SUITE A LOS ANGELES CA 90025 PRODUCTION OF NYC MARATHON BROADCAST 3549185 STRAN PROMOTIONAL SOLUTIONS 2 HERITAGE DRIVE 600 QUINCY MA 02171 YOUTH INCENTIVES AND RACE PRODUCTS 2093142 NYC DEPARTMENT OF FINANCE 253 BROADWAY 6TH FLOOR NEW YORK NY 10007 NYPD TRAFFIC FEES 1157625 C2 IMAGING LLC BOX 774537 4537 SOLUTIONS CENTER CHICAGO IL 60677 EVENT SIGNAGE PRINTING AND INSTALLATION 986453 ICREON HOLDINGS INC 597 FIFTH AVENUE 12TH FLOOR NEW YORK NY 10017 CONSULTING AND TECH DEVELOPMENT 964140 93 2415763 971399 13000 44399465 8262639 47799627 EVENT ENTRY REVENUE 900099 44619609 44619609 MARATHON AUXILIARY REVENUE 900099 4706861 4706861 CLASSES REVENUE 900099 637480 637480 CLUB NIGHT REVENUE 900099 21200 21200 41674 41674 50026824 1895698 1895698 2198069 2198069 1154000 181396 972604 972604 972604 39704434 39799213 -94779 -94779 -94779 236221 971399 328787 -92566 -92566 SPONSORSHIP INCOME 900099 351283 351283 ADVERTISING INCOME 541800 5198 5198 356481 103061958 50026824 356481 4879026 X 603626 603626 38721 38721 1312027 266279 1045748 21736653 17003865 4347331 385457 582521 458852 116504 7165 1913576 1437679 452360 23537 1861106 1398258 439956 22892 69393 27757 41636 461553 69233 392320 376441 75288 301153 232862 232862 658596 277162 321211 60223 1148012 1062389 2200 83423 841058 258112 569777 13169 3905827 2861249 1030411 14167 4709125 4007735 639287 62103 309719 243140 64976 1603 25715 12665 13050 2202779 1779361 401322 22096 3179541 2867864 284337 27340 NYC MARATHON 28135402 28135402 WEEKLY EVENTS 19958291 19958291 COMMUNITY IMPACT SVCS 2550003 2550003 STAFF EXPENSE (TRAINING 1182881 204897 969095 8889 97995428 85597828 11665536 732064 3151920 237528 20319139 32774872 4696905 4269839 12230733 10538189 2356212 2479962 27466470 18269326 11025196 9197144 75285110 69530426 6960411 11052045 205546 26239923 136231172 166319928 17338983 11617931 36402232 40639242 0 32633318 53741215 84890491 X 77859976 76985682 4629981 4443755 82489957 81429437 136231172 166319928 5066530 -6127050 0 X X 0 1 X 1 0 X 45648672 48864383 15266368 49504135 47799627 207083185 45648672 48864383 15266368 49504135 47799627 207083185 89746586 117336599 6184742 6240335 1455608 4172969 5247767 23301421 1619858 32118509 33738367 264122973 181006757 0.44420 0.44920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REVERSAL OF RACE COUPON LIABILITY - 2019 AMOUNT: $ 119,858. INSURANCE PROCEEDS - RACE CANCELLATION - 2019 AMOUNT: $ 1,500,000. 2020 AMOUNT: $ 32,118,509. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12111110 4215660 7895450 14452341 13308213 1144128 903019 745453 157566 9197144 ALTERNATIVE INVESTMENTS 11052045 F 11052045 SECURITY DEPOSITS 205546 RIGHT OF USE ASSETS 26034377 26239923 LEASE LIABILITIES 32633318 32633318 X 95480310 -6127050 409075 510183 -5207792 100688102 232862 2140994 2373856 103061958 96540830 409075 510183 919258 95621572 232862 2140994 2373856 97995428 PART X, LINE 2: MANAGEMENT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT NYRR HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. NYRR IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE JURISDICTIONS FOR PERIODS PRIOR TO MARCH 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B: 181,396. SPECIAL EVENTS DIRECT EXPENSES REPORTED ON PART VIII, LINE 8C: 328,787. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP DUES EXPENSES NETTED AGAINST REVENUE: 226,310. CREDIT CARD PROCESSING FEE NETTED AGAINST REVENUE: 1,303,006. SPONSORSHIP COMMISSIONS NETTED AGAINST REVENUE: 611,678. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B: 181,396. SPECIAL EVENTS DIRECT EXPENSES REPORTED ON PART VIII, LINE 8C: 328,787. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP DUES EXPENSES NETTED AGAINST REVENUE: 226,310. CREDIT CARD PROCESSING FEE NETTED AGAINST REVENUE: 1,303,006. SPONSORSHIP COMMISSIONS NETTED AGAINST REVENUE: 611,678. PART VI, LAND, BUILDINGS, AND EQUIPMENT: PART VI, LINE 1D INCLUDES FURNITURE, FIXTURES, HARDWARE AND SOFTWARE. PART VI, LINE 1E INCLUDES WORK IN PROGRESS AND AUTOMOBILES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4728634 0 0 0 0 0 0 4728634 0 4728634 1 0 1 0 0 0 PART I, LINE 3: THE ACTIVITIES REPORTED IN PART I, LINE 3 ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING IN CONFORMITY WITH AUDITED FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: PART IV, FOREIGN FORMS, LINE 1: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 926 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD. PART IV, FOREIGN FORMS, LINE 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD OWNERSHIP OR OTHER FILING REQUIREMENTS. NIGHT OF CHAMPIONS 1037160 889880 147280 3190 181694 6842 48120 NYRR FROSTY 5K 170460 81519 88941 4997 13357 750 69837 1207620 971399 236221 8187 195051 7592 117957 328787 -92566 1 THE ARMORY FOUNDATION 216 FORT WASHINGTON AVE NEW YORK NY 10032 133680286 501(C)(3) 535624 0 TO SPONSOR A VARIETY OF EDUCATIONAL PROGRAMS AND TRACK AND FIELD EVENTS VAN CORTLANDT PARK ALLIANCE 80 VAN CORTLANDT PARK SOUTH SUITE E1 BRONX NY 10463 133843182 501(C)(3) 30000 0 GENERAL MAINTENANCE OF THE HISTORIC CROSS COUNTRY RUNNING TRAIL AND ITS SURROUNDING AREAS IN VAN CORTLANDT PARK RUNNING INDUSTRY DIVERSITY COALITION 105 MALL WAY 1028 MARYSVILLE WA 98270 863565348 501(C)(3) 25000 0 TO SPONSOR THEIR NEW OPERATIONS HARLEM RUN LLC 10625 VERNON ROAD UNIT A LAKE STEVENS WA 98258 821515297 10000 0 TO SPONSOR THE "HARLEM RUN HOUSE" THAT PROVIDED A RUNNING GROUP TO RESIDENTS IN HARLEM, NEW YORK. 3 1 SCHOLARSHIPS 52 38721 PART I, LINE 2: SCHOLARSHIPS: A TOTAL OF $22,513 GRANTED TO 40 PARTICIPANTS IN FISCAL YEAR 2023 INCLUDED: $4,000 IN TUITION GRANTS ISSUED TO 2 PARTICIPANTS, $1,311 FOR RELATED SCHOOL EXPENSES FOR 6 PARTICIPANTS, AND $17,202 IN WELLNESS GRANTS ISSUED TO 32 PARTICIPANTS IN THE RUN FOR THE FUTURE PROGRAM. RUN FOR THE FUTURE PARTICIPANTS BECAME ELIGIBLE FOR THIS SCHOLARSHIP UPON SUCCESSFUL COMPLETION OF PROGRAM REQUIREMENTS (80%+ ATTENDANCE AT PRACTICES, A 5K RACE FINISH, PARTICIPATION IN SPECIFIC NYRR EVENTS THROUGHOUT THE YEAR, AND PROOF OF ENROLLMENT FROM THEIR COLLEGE OF CHOICE). RECIPIENTS WERE NOT REQUIRED TO REPORT THEIR USE OF THE GRANT, SINCE PAYMENT WAS ISSUED DIRECTLY TO THE INSTITUTION AND RELATED SCHOOL EXPENSES WERE PURCHASED DIRECTLY AND/OR REQUIRED RECEIPTS FOR REIMBURSEMENT. WELLNESS GRANTS WERE ISSUED DIRECTLY TO PARTICIPANTS FOR THEIR HEALTH AND WELLNESS EXPENSES. A TOTAL OF $16,208 ACCRUED FOR 12 PRIOR YEAR PARTICIPANTS (2017, 2018, 2019). X X X X X 0 0 0 0 0 0 0 1 0 KERIN HEMPEL CEO, THRU 12/2022 515000 0 0 0 420 0 2377 0 0 0 517797 0 0 0 JEANMARIE COONEY SVP OF FINANCE/ASST. TREASURER 294243 0 20405 0 1284 0 13404 0 16704 0 346040 0 0 0 ERICA EDWARDS-O'NEAL SVP CULTURE, DIVERSITY, EQUITY & INC. 257851 0 21200 0 612 0 0 0 32068 0 311731 0 0 0 CHRISTINE BURKE SVP STRATEGIC PARTNERSHIPS & RUNNER PROD 253368 0 15264 0 380 0 14731 0 19470 0 303213 0 0 0 TED METELLUS VP EDP RACE DIR. OF TCS NYC MARATHON 254167 0 18285 0 379 0 13842 0 12430 0 299103 0 0 0 JEFFERY CARNEVALE SVP, IT & INFORMATION OFFICER 257372 0 12720 0 582 0 14731 0 9580 0 294985 0 0 0 MARIA NOTE VP, HUMAN RESOURCES & OFFICE OPS 217161 0 15750 0 897 0 12160 0 24211 0 270179 0 0 0 JAE LEE VP GENERAL COUNSEL & ASST SECRETARY, THRU 7/2022 147495 0 19928 0 336 0 14614 0 15025 0 197398 0 0 0 PART I, LINE 7 INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2022, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. X 6917718 COST X 3 25383 AVERAGE SALES PRICE X 7 1221816 COST X AWARDS 2 97722 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 5 AND PART V, LINE 2A: TOTAL INDIVIDUALS EMPLOYED INCLUDE BOTH FULL-TIME AND PART-TIME EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE AMENDED ON JUNE 28, 2022. THE CHANGES INCLUDED THE FOLLOWING: 1. CLARIFICATIONS: A. NEW ARTICLE II: CLARIFY THAT THE CEO IS EX-OFFICIO BUT NON-VOTING MEMBER OF THE BOARD B. NEW ARTICLE VII: THE CEO WILL PRESIDE OVER MEETINGS IN THE EVENT THE CHAIR OF THE BOARD IS ABSENT 2. COMMITTEES: A. NEW ARTICLE VI: MODIFY REQUIREMENT TO APPOINT VICE-CHAIRS FOR ALL COMMITTEES TO COMMITTEES OF THE BOARD (IT IS STILL AT THE DISCRETION OF THE BOARD CHAIR TO APPOINT VICE-CHAIRS FOR COMMITTEES OF THE CORPORATION) 3. OFFICERS: A. NEW ARTICLE VII: CLARIFICATION THAT ALL OFFICERS ARE REQUIRED TO BE DULY ELECTED DIRECTORS, EXCEPT THAT THE SECRETARY, ASSISTANT SECRETARY, AND ASSISTANT TREASURER ARE NOT REQUIRED TO BE DULY ELECTED DIRECTORS AND MAY BE FILLED BY NYRR STAFF (E.G. THE GENERAL COUNSEL, OR THE SVP OF FINANCE). B. ALL OTHER OFFICERS, EXCEPT FOR THE CHAIR OF THE BOARD, ARE ELIGIBLE TO SERVE FOR A MAXIMUM OF THREE CONSECUTIVE, THREE-YEAR TERMS IN THE SAME POSITION WITHOUT THE OPTION THAT THE BOARD MAY APPROVE ADDITIONAL TERMS. C. THE TERM LIMIT FOR THE CHAIR OF THE BOARD SHALL BE A MAXIMUM OF TWO CONSECUTIVE, THREE-YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DRAFTED BY INDEPENDENT ACCOUNTANTS BASED ON INFORMATION PROVIDED BY THE ORGANIZATION. THE DRAFT FORM 990 IS PROVIDED TO THE ORGANIZATION'S FINANCE AND LEGAL DEPARTMENTS FOR REVIEW, AND COMMENTS ARE DISCUSSED WITH THE ACCOUNTANTS AND APPROPRIATE REVISIONS ARE MADE TO THE FORM 990. A COPY OF THE FORM 990 IS PROVIDED TO THE CEO FOR REVIEW. AFTER ALL INTERNAL MANAGEMENT REVIEWS, THE FORM 990 IS PROVIDED TO MEMBERS OF THE AUDIT COMMITTEE, WHICH HAS BEEN DESIGNATED BY THE BOARD OF DIRECTORS WITH THE RESPONSIBILITY FOR REVIEWING THE COMPLETED FORM 990 PRIOR TO IT BEING MADE AVAILABLE TO THE BOARD OF DIRECTORS. AUDIT COMMITTEE MEMBERS PARTICIPATE IN A MEETING OR CONFERENCE CALL WITH REPRESENTATIVES OF THE LEGAL AND FINANCE DEPARTMENTS AND THE INDEPENDENT ACCOUNTANTS TO DISCUSS THE CONTENT OF THE FORM 990. BEFORE BEING FILED, A COPY OF THE APPROVED FORM 990 IS PROVIDED ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, DIRECTORS, OFFICERS AND MEMBERS OF SENIOR MANAGEMENT RECEIVE A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, SIGN A DECLARATION TO ADHERE TO THE POLICY, AND COMPLETE A QUESTIONNAIRE SEEKING DISCLOSURE OF POTENTIAL CONFLICTS. THE POLICY REQUIRES THE FILING OF AMENDED DISCLOSURE IN THE EVENT OF ANY CHANGE IN CIRCUMSTANCES. INITIAL DETERMINATIONS AS TO WHETHER CONFLICTS EXIST AND, IF SO, WHAT ACTIONS SHOULD BE TAKEN, ARE MADE BY THE GENERAL COUNSEL IN CONSULTATION WITH THE CEO, OR THE AUDIT COMMITTEE AND IF WARRANTED, REVIEWED BY THE CHAIR OR A DESIGNATED MEMBER OF THE EXECUTIVE COMMITTEE. DEPENDING ON ITS NATURE AND SERIOUSNESS, ANY POTENTIAL CONFLICT WILL BE REVIEWED BY THE BOARD AND ANY RESULTING ACTION SHOULD BE DETERMINED BY THE BOARD. IN MOST INSTANCES, THE APPROPRIATE ACTIONS IN THE FACE OF POTENTIAL OR ACTUAL CONFLICTS ARE DISCLOSURE OF THE CONFLICT AND REMOVAL OF THE INDIVIDUAL WITH THE CONFLICT FROM THE CONSIDERATION AND DECISION-MAKING PROCESSES WITH REGARD TO CERTAIN MATTERS WHERE HIS OR HER JUDGMENT WOULD OR MIGHT BE COMPROMISED BY THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 (A) COMPENSATION OF THE ORGANIZATION'S CEO IS DETERMINED BY THE HUMAN RESOURCES & COMPENSATION COMMITTEE, WHICH CONSIDERS INDIVIDUAL ACCOMPLISHMENTS, ORGANIZATIONAL PERFORMANCE AND COMPARABLE COMPENSATION DATA. THE COMMITTEE'S RECOMMENDATION IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. (B) THE COMPENSATION PERCENTAGES OF SALARY INCREASES AND BONUSES FOR SENIOR/VICE PRESIDENTS, DEPARTMENT HEADS AND DEPARTMENTAL DIRECTORS, MANAGERS AND STAFF POSITIONS ARE DETERMINED BY THE HUMAN RESOURCES & COMPENSATION COMMITTEE, BASED UPON THE RECOMMENDATIONS OF THE CEO WHO REVIEWS PERFORMANCE REPORTS AND BENCHMARKING DATA. THE RECOMMENDATIONS OF THE HUMAN RESOURCES & COMPENSATION COMMITTEE ARE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL, AND ITS DELIBERATIONS AND DECISION ARE CONTEMPORANEOUSLY DOCUMENTED AS PART OF THE MINUTES OF THE PROCEEDINGS. PERSONS WHOSE COMPENSATION ARE AT ISSUE ARE EXCUSED FROM PARTICIPATION AT MEETINGS IN WHICH SUCH COMPENSATION DECISIONS ARE DISCUSSED AND/OR DECIDED. THE BOARD MET AND APPROVED THE COMPENSATION PERCENTAGES OF SALARY INCREASES AND BONUSES FOR ALL STAFF. FORM 990, PART VI, SECTION C, LINE 19 CONSISTENT WITH ITS OBLIGATIONS UNDER STATUTORY LAW, RULES AND REGULATIONS, AS APPLICABLE, THE ORGANIZATION MAKES ITS DOCUMENTS, SUCH AS ITS APPLICATION FOR TAX EXEMPTION, ANNUAL INFORMATION RETURNS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS, AVAILABLE THROUGH PUBLIC FILINGS AND/OR ON WRITTEN REQUEST, EITHER BY PROVIDING COPIES OR MAKING THEM AVAILABLE FOR INSPECTION AT THE OFFICES OF THE ORGANIZATION. FORM 990, PART IX, LINE 24E, ALL OTHER FUNCTIONAL EXPENSES: INCLUDES STAFF EXPENSES (TRAINING, RECRUITMENT, AND STAFF EVENTS) FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD HIRES THE AUDIT FIRM, THE REVIEW OF THE RISK ISSUES FOR THE ORGANIZATION AND THE FINAL AUDIT REVIEW AND PACKAGE THAT IS ACCEPTED BY THE BOARD. THE COMMITTEE MEETS WITH THE AUDIT FIRM INDEPENDENTLY FROM STAFF DURING THE AUDIT REVIEW PROCESS AND RECOMMENDS TO THE BOARD THE ACCEPTANCE OF THE AUDIT AND ITS FINDINGS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.