2025-01-15T07:44:29-06:00 2024-05-31 593040705 RIVERO GORDIMER & COMPANY PA 201 N FRANKLIN ST SUITE 2200 TAMPA FL 33602 990 2023-06-01 592319162 COPPERHEAD CHARITIES INC COPP 7279425566 35111 US HIGHWAY 19 NORTH 302 PALM HARBOR FL 34684 TRACY WEST TOURNAMENT DIRECTOR 7279425566 2025-01-15 1 1 SAM A LAZZARA P01342929 8138757774 2023 2024-10-15 13:58:12Z VALSPAR CHAMPIONSHIP TRACY WEST 35111 US HIGHWAY 19 NORTH 302 PALM HARBOR FL 34684 17843482 0 X VALSPARCHAMPIONSHIP.COM X 1977 FL PROVIDE AID TO TAMPA BAY CHARITIES. 17 17 13 2500 0 0 5762675 5995014 10539745 11730795 54717 117673 0 0 16357137 17843482 1189548 1368238 0 0 1808400 1928991 0 0 12568126 13329335 14227652 16327283 17524881 29854 318601 5557222 6040670 2995126 3292143 2562096 2748527 X PROVIDE AID TO TAMPA BAY AREA CHARITIES THROUGH FUNDRAISING EVENTS CENTERED AROUND PROFESSIONAL GOLF. 0 0 4333349 1368238 11730795 THE 2024 VALSPAR CHAMPIONSHIP, TAMPA BAY'S PGA TOUR EVENT, GENERATED CHARITABLE CONTRIBUTIONS OF $1,368,238 FOR CHARITY. THE TOURNAMENT'S CHARITABLE INITIATIVES COME THROUGH THE SPONSORING ORGANIZATION, COPPERHEAD CHARITIES INC.COPPERHEAD CHARITIES, NOW HAS NOW GENERATED OVER $51 MILLION FOR CHARITY SINCE 1977 THROUGH THE SPONSORSHIP OF PROFESSIONAL GOLF TOURNAMENTS IN THE TAMPA BAY AREA.(SEE CONTINUATION AT SCHEDULE O.)THE TOTAL INCLUDES MONEY RAISED THROUGH TICKET SALES AND OTHER TOURNAMENT PROCEEDS. APPROXIMATELY 90 AREA CHARITIES ARE BENEFITING FROM THE 2024 TOURNAMENT. COPPERHEAD CHARITIES MADE MANY DIRECTED DONATIONS IN 2024 WITH TAMPA GENERAL HOSPITAL, HABITAT FOR HUMANITY OF PINELLAS AND WEST PASCO COUNTIES, ST. PETERSBURG COLLEGE FOUNDATION, AND AREA CHAPTERS OF THE FIRST TEE AMONG THE KEY CHARITIES BENEFITING.AN INDEPENDENT ECONOMIC IMPACT STUDY PERFORMED BY THE UNIVERSITY OF SOUTH FLORIDA COLLEGE OF BUSINESS SPORT AND ENTERTAINMENT MANAGEMENT PROGRAM AND SPORTSECONOMICS, LLC FOUND THAT TOURNAMENT ACTIVITIES TRANSLATE TO AN ANNUAL ECONOMIC IMPACT OF OVER $64 MILLION TO THE TAMPA BAY AREA. 4333349 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 27 0 1 13 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 FL X THE ORGANIZATION 7279425566 35111 US HIGHWAY 19 NORTH SUITE 302 PALM HARBOR FL 34684 RONDE BARBER CO-GENERAL CHAIR 3.00 X X 0 0 0 JOHN ASTRAB CO-GENERAL CHAIR 2.50 X X 0 0 0 JIM EISCH IMMEDIATE PAST CHAIR & FINANCE CHAIR 1.00 X X 0 0 0 KEITH ROBINSON DIRECTOR 1.00 X 0 0 0 JON WAX DIRECTOR 1.00 X 0 0 0 PAUL BLAYLOCK DIRECTOR 1.00 X 0 0 0 HOLLIS CAVNER DIRECTOR 1.00 X 0 0 0 JOHN COURIS DIRECTOR 1.00 X 0 0 0 DAN DOYLE JR DIRECTOR 1.00 X 0 0 0 MARK FITZPATRICK DIRECTOR 1.00 X 0 0 0 MARCUS GREENE DIRECTOR 1.00 X 0 0 0 HOWARD HECKES DIRECTOR 1.00 X 0 0 0 PENNY PARKS DIRECTOR 1.00 X 0 0 0 MIKE MCNALLY DIRECTOR 1.00 X 0 0 0 ALYSSA RHOADS DIRECTOR 1.00 X 0 0 0 SAM ROSATI DIRECTOR 1.00 X 0 0 0 CHRIS SULLIVAN DIRECTOR 1.00 X 0 0 0 TRACY WEST TOURNAMENT DIRECTOR 40.00 X 344457 0 0 MICHAEL HARRISON ASSISTANT TOURNAMENT DIRECTOR 40.00 X 131052 0 0 AUSTIN MICHAEL KERN SENIOR DIRECTOR OF CORPORATE PARTNERSHIPS 40.00 X 273651 0 0 ZACHARY LABBE DIRECTOR OF OPERATIONS 40.00 X 114671 0 0 863831 0 0 4 0 1 0 PRO LINKS SPORTS OF TAMPA LLC 758 NORTH US HWY 1 TEQUESTA FL 33649 EVENT MANAGEMENT 552559 1 133930 5861084 197128 5995014 TOURNAMENT SALES 713990 11730795 11730795 11730795 34142 34142 83531 0 83531 83531 83531 17843482 11730795 0 117673 1368238 1368238 863831 151171 117749 594911 699523 122417 95352 481754 236370 41365 32220 162785 129267 22622 17620 89025 26105 26105 195596 44340 84746 66510 328589 65718 262871 163953 4919 104930 54104 70090 5607 2101 62382 26881 2688 6720 17473 29165 10208 5833 13124 116004 34801 81203 70999 7101 17749 46149 92312 18462 73850 TOURNAMENT EXPENSES 9429337 1885867 7543470 TOURNAMENT PRIZE MONEY 3612500 541875 3070625 MISCELLANEOUS 66121 5950 31078 29093 17524881 4333349 623406 12568126 884453 590759 973 526377 1937027 2315600 186647 130557 536606 442019 168146 94587 1296484 1497474 390000 693492 885316 5557222 6040670 2360465 2368322 86750 37000 547911 886821 2995126 3292143 X 2562096 2748527 2562096 2748527 5557222 6040670 318601 44330 -176500 X X 0 1 X 1 0 X 5527560 4931514 5802935 5762675 5995014 28019698 5527560 4931514 5802935 5762675 5995014 28019698 4154748 23864950 34223 35709 76753 54717 183838 385240 28404938 41238065 0.84020 0.72110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 437468 416773 20695 99138 25246 73892 94587 DEFERRED COMPENSATION TRUST 685571 RIGHT OF USE OPERATING LEASE ASSET 199745 885316 DEFERRED COMPENSATION RESERVE 685571 LEASE LIABILITY 201250 886821 X 17887812 44330 44330 17843482 0 17843482 17524881 0 17524881 0 17524881 PART X, LINE 2: THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS IT HAS TAKEN THAT ARE SUBJECT TO A SIGNIFICANT DEGREE OF UNCERTAINTY. TAX YEARS AFTER 2020 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESERVE FOR ERC PART XI, LINE 2D - OTHER ADJUSTMENTS THE ORGANIZATION RECOGNIZED AN ERC REVENUE AND RECEIVABLE DURING FISCAL YEAR 2022, HOWEVER, THE RECEIVABLE HAD NOT BEEN COLLECTED AS OF MAY 31, 2024. MANAGEMENT FULLY RESERVED THE RECEIVABLE AS OF MAY 31, 2024. 1 ACADEMY PREP CENTER OF ST PETERSBURG 2301 22ND AVENUE SOUTH ST PETERSBURG FL 33712 593623000 501(C)(3) 10000 0 GENERAL SUPPORT AMERICAN CANCER SOCIETY 270 PEACHTREE STREET SUITE 1300 ATLANTA GA 30303 131788491 501(C)(3) 5012 0 GENERAL SUPPORT ARISE ALLIANCE INSTITUTE 1511 N WESTSHORE BLVD SUITE 750 TAMPA FL 33607 812128928 501(C)(3) 10000 0 GENERAL SUPPORT BEST BUY 7601 PENN AVE SOUTH MINNEAPOLIS MN 55423 411784382 501(C)(3) 19247 0 GENERAL SUPPORT BETA BETA CHAPTER 363 W DRAKE ROAD FORT COLLINS CO 80562 841413835 501(C)(4) 10000 0 GENERAL SUPPORT BIG BROTHERS BIG SISTERS 5555 W WATERS AVE 607 TAMPA FL 33634 650639541 501(C)(3) 41643 0 GENERAL SUPPORT BLACK DIAMOND FOUNDATION 3850 W BLACK DIAMOND CIR LECANTO FL 34461 134211621 501(C)(3) 29900 0 GENERAL SUPPORT BLUEPEARL CARES INC 2950 BUSCH LAKE BLVD TAMPA FL 33614 934369894 501(C)(3) 12500 0 GENERAL SUPPORT BOYS AND GIRLS CLUB OF THE SUNCOASTINC 4625 EAST BAY DRIVE 103 CLEARWATER FL 33764 591566799 501(C)(3) 7500 0 GENERAL SUPPORT CARWISE MIDDLE SCHOOL 3301 BENTLEY DR PALM HARBOR FL 34684 810858485 501(C)(3) 6371 0 GENERAL SUPPORT CHI CHI RODRIGUEZ FOUNDATION 3030 N MCMULLEN BOOTH ROAD CLEARWATER FL 33761 592017124 501(C)(3) 15421 0 GENERAL SUPPORT FEEDING TAMPA BAY 4702 TRANSPORT DRIVE BUILDING 6 TAMPA FL 33605 592116576 501(C)(3) 10200 0 GENERAL SUPPORT GIRLS SCOUTS OF WEST CENTRAL FLORIDA 4610 EISENHOWER BLVD TAMPA FL 33634 590624454 501(C)(3) 9976 0 GENERAL SUPPORT GREATER TAMPA SERTOMA CLUB 200 INVERNESS AVE TEMPLE TERRANCE FL 33617 650142130 501(C)(3) 5635 0 GENERAL SUPPORT GUARDIAN ANGELS CATHOLIC SCHOOL 2270 EVANS RD CLEARWATER FL 33763 593056956 501(C)(3) 106498 0 GENERAL SUPPORT HABITAT FOR HUMANITY PINELLAS & W PASCO 13355 49TH STREET NORTH CLEARWATER FL 33762 592509116 501(C)(3) 110224 0 GENERAL SUPPORT HILLSBOROUGH COUNTY PET RESOURCES FOUNDATION INC 440 N FALKENBURG RD TAMPA FL 33619 474558208 501(C)(3) 12500 0 GENERAL SUPPORT HOME BASE PROGRAM ONE CONSTITUIO WHARF SUITE 140 CHARLESTOWN MA 02129 041564655 501(C)(3) 22500 0 GENERAL SUPPORT HOPEWILL FOUNDATION INC PO BOX 172597 TAMPA FL 33672 461189420 501(C)(3) 15000 0 GENERAL SUPPORT HUMANE SOCIETY OF TAMPA BAY 3607 N ARMENIA AVE TAMPA FL 33607 590799907 501(C)(3) 10000 0 GENERAL SUPPORT JOHN'S HOPKINS ALL CHILDREN'S HOSPITAL 501 6TH AVE S ST PETERSBURG FL 33701 590683252 501(C)(3) 17500 0 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF TAMPA BAY 13707 N 22ND STREET TAMPA FL 33613 591098499 501(C)(3) 6000 0 GENERAL SUPPORT KICKINGBIRD GOLF CLUB JUNIOR CLINIC 24 E 1ST STREET EDMOND OK 73034 592319162 501(C)(3) 10000 0 GENERAL SUPPORT LIFT ACADEMY 13400 PARK BLVD SEMINOLE FL 33776 461088977 501(C)(3) 10000 0 GENERAL SUPPORT LIGHTHOUSE OF PINELLAS 6925 112TH CIRCLE N SUITE 103 LARGO FL 33773 237042938 501(C)(3) 10000 0 GENERAL SUPPORT LOWRY PARK ZOOLOGICAL SOCIETY OF TAMPA INC 1101 W SLIGH AVE TAMPA FL 33604 592328289 501(C)(3) 10000 0 GENERAL SUPPORT MORTON PLANT MEASE HEALTH CARE FOUNDATION 1200 DRUID RD SOUTH CLEARWATER FL 33756 591751535 501(C)(3) 27250 0 GENERAL SUPPORT PALM HARBOR UNIVERSITY HIGH SCHOOL 1900 OMAHA ST PALM HARBOR FL 34683 593656277 501(C)(3) 15568 0 GENERAL SUPPORT PGA TOUR INC 5150 PALM VALLEY RD 300 PONTE VEDRA BEACH FL 32082 520999206 501(C)(3) 10000 0 GENERAL SUPPORT PHUHS GOLF BOOSTER CLUB 1900 OMAHA ST PALM HARBOR FL 34683 204680787 501(C)(3) 14406 0 GENERAL SUPPORT QUANTUM LEAP FARM INC 10401 WOODSTOCK RD ODESSA FL 33556 593469464 501(C)(3) 10000 0 GENERAL SUPPORT REDEFINING REFUGE INC 18948 N DALE MABRY HWY STE 101 LUTZ FL 33548 272126223 501(C)(3) 10000 0 GENERAL SUPPORT RONALD MCDONALD HOUSE CHARITIES OF CENTRAL AND NORTHERN ARIZONA 501 E ROANOKE AVE PHOENIZ AZ 85004 860483792 501(C)(3) 10000 0 GENERAL SUPPORT RONALD MCDONALD HOUSE CHARITIES OF TAMPA BAY 35 DAVIS BLVD TAMPA FL 33606 591835985 501(C)(3) 20000 0 GENERAL SUPPORT RUTH ECKERD HALL 1111 MCMULLEN BOOTH RD CLEARWATER FL 33759 591803628 501(C)(3) 25000 0 GENERAL SUPPORT SIMPLY UNITED TOGETHER GLOBAL INC PO BOX 90166 EAST POINT GA 30364 471168536 501(C)(3) 8987 0 GENERAL SUPPORT ST PETERSBURG COLLEGE FOUNDATION INC 6021 142ND AVENUE N CLEARWATER FL 33760 591954362 501(C)(3) 42400 0 GENERAL SUPPORT STARTING RIGHT NOW 1212 W CASS ST TAMPA FL 33606 263725699 501(C)(3) 10000 0 GENERAL SUPPORT SUNCOAST ANIMAL LEAGUE 1030 PENNSYLVANIA AVE PALM HARBOR FL 34683 020787661 501(C)(3) 12500 0 GENERAL SUPPORT TAMPA GENERAL HOSPITAL FOUNDATION INC PO BOX 1289 RM H-149 TAMPA FL 33601 237354477 501(C)(3) 86114 0 GENERAL SUPPORT TARPON SPRINGS HS BAND BOOSTER CLUB PO BOX 642 TARPON SPRINGS FL 34688 592135073 501(C)(3) 39434 0 GENERAL SUPPORT THE COMMUNITY FOUNDATION OF TAMPA BAY 4300 W CYPRESS STREET 700 TAMPA FL 33607 593001853 501(C)(3) 10000 0 GENERAL SUPPORT THE CRISIS CENTER OF TAMPA BAY INC ONE CRISIS CENTER PLAZA TAMPA FL 33613 591785265 501(C)(3) 10000 0 GENERAL SUPPORT THE FIRST TEE OF CLEARWATER 3030 N MCMULLEN BOOTH RD CLEARWATER FL 33761 592017124 501(C)(3) 10000 0 GENERAL SUPPORT THE FIRST TEE OF ST PETE 875 62ND AVENUE ST PETERSBURG FL 33702 591742909 501(C)(3) 16000 0 GENERAL SUPPORT THE FIRST TEE OF TAMPA BAY ROGERS PARK GC 7910 N 30TH STREET TAMPA FL 33610 591742909 501(C)(3) 45850 0 GENERAL SUPPORT THE RYAN WELLS FOUNDATION 3636 WOODRIDGE PL PALM HARBOR FL 34684 043824815 501(C)(3) 17388 0 GENERAL SUPPORT THE SPRING OF TAMPA BAY PO BOX 5147 TAMPA FL 33675 591777135 501(C)(3) 10000 0 GENERAL SUPPORT USF FOUNDATION 4202 E FOWLER AVE ALC 100 TAMPA FL 33620 590879015 501(C)(3) 40000 0 GENERAL SUPPORT VOICES OF CHANGE ANIMAL LEAGUE 6393 SW 52ND ST OCALA FL 34474 473165668 501(C)(3) 12500 0 GENERAL SUPPORT FOLDS OF HONOR 5971 NORTH PATRIOT DRIVE OWASSO OK 74055 753240683 501(C)(3) 16527 0 GENERAL SUPPORT PART I, LINE 2: THE TOURNAMENT HAS THE "BIRDIES FOR TAMPA BAY CHARITIES" PROGRAM, WHICH HAS LOCAL CHARITIES SOLICIT PLEDGES THAT ARE WRITTEN TO THE VALSPAR CHAMPIONSHIP. AT THE END OF THE PROGRAM, THOSE PLEDGES AND ADDITIONAL FUNDS FROM THE TOURNAMENT ARE GRANTED TO THE RESPECTIVE CHARITIES. THE TOURNAMENT ONLY ALLOWS DOCUMENTED 501(C)(3) NON PROFIT CHARITIES TO PARTICIPATE IN THIS PROGRAM. X X X 0 1 0 0 0 0 0 0 0 TRACY WEST TOURNAMENT DIRECTOR 263457 0 81000 0 0 0 0 0 0 0 344457 0 0 0 AUSTIN MICHAEL KERN SENIOR DIRECTOR OF CORPORATE PARTNER 273651 0 0 0 0 0 0 0 0 0 273651 0 0 0 PART I, LINE 4B THE ORGANIZATION ENTERED INTO A RABBI TRUST AGREEMENT IN AUGUST 2018 WITH AN INDIVIDUAL FROM MANAGEMENT IN ORDER TO RETAIN THE EMPLOYEE THROUGH THE 2022 VALSPAR CHAMPIONSHIP. THE AGREEMENT ACTS SIMILAR TO A DEFERRED COMPENSATION PLAN AND REQUIRED AN INITIAL DEPOSIT OF $100,000. THE INITIAL DEPOSIT WAS DEPOSITED INTO THE TRUST ACCOUNT ON AUGUST 8, 2018. THE AGREEMENT ALSO REQUIRES ADDITIONAL ANNUAL PAYMENTS NOT TO EXCEED $100,000 EACH SUBSEQUENT YEAR FOR THE 2019 THROUGH 2022 VALSPAR CHAMPIONSHIP. ANNUAL PAYMENT AMOUNTS ARE AT THE DISCRETION OF THE ORGANIZATION'S BOARD OF DIRECTORS. IN JULY 2023, THE ORGANIZATION ENTERED INTO AN EXECUTIVE SUPPLEMENT RETIREMENT AGREEMENT WITH ITS TOURNAMENT DIRECTOR, WHEREBY THE ORGANIZATION AGREES TO (A) PAY $100,000 FOR THE 2023 VALSPAR CHAMPIONSHIP AND (B) PAY AN AMOUNT NOT TO EXCEED $100,000 EACH SUBSEQUENT YEAR FROM 2024 THROUGH 2025 IN WHICH THE TOURNAMENT DIRECTOR PERFORMS SERVICES IN ITS ROLE FOR EACH RESPECTIVE TOURNAMENT YEAR, SUBJECT TO CERTAIN CONDITIONS. X 72628 COST X TOURNAMENT TICKETS 6 124500 COST 0 0 0 FORM 990, PART V, LINE 2B: COPPERHEAD CHARITIES, INC. CONTRACTS WITH A SPORTS MANAGEMENT ORGANIZATION FOR THE ADMINISTATION OF ITS EMPLOYEES. UNDER THIS AGREEMENT, ALL EMPLOYEES OF COPPERHEAD ARE IN ACTUALITY EMPLOYEES OF THE SPORTS MANAGEMENT ORGANIZATION. DUE TO THIS AGREEMENT, COPPERHEAD CHARITIES DOES NOT FILE A FORM W-3 TRANSMITTAL OF WAGE AND TAX STATEMENTS, BUT RATHER THE SPORTS MANAGEMENT ORGANIZATION WILL FILE FORM W-3 THAT WOULD INCLUDE THE EMPLOYEES OF COPPERHEAD CHARITIES. AS OF MAY 31, 2024, COPPERHEAD CHARITIES WAS UTILIZING 13 EMPLOYEES THROUGH THE SPORTS MANAGEMENT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A SPORTS EVENT MANAGEMENT AND MARKETING AGREEMENT (THE "AGREEMENT") WITH PRO LINKS SPORTS OF TAMPA, LLC. PRO LINKS IS A FULL-SERVICES GOLF MANAGEMENT COMPANY THAT PROVIDES MANAGEMENT AND MARKETING FUNCTIONS FOR THE VALSPAR CHAMPIONSHIP EFFECTIVE JUNE 1, 2014. PRO LINKS, THROUGH ITS AFFILIATES, MANAGES AND MARKETS VARIOUS PGA TOUR-SANCTIONED GOLF TOURNAMENTS SIMILAR TO THE VALSPAR CHAMPIONSHIP THROUGHOUT THE COUNTRY. THE AGREEMENT PROVIDES THAT PRO LINKS WILL MANAGE ALL ASPECTS OF THE VALSPAR CHAMPIONSHIP, INCLUDING SALES AND MARKETING, COURSE OPERATIONS, TOURNAMENT OPERATIONS, AND ACTIVITIES INVOLVING PLAYERS, HOSPITALITY AND VOLUNTEERS. TO FULFILL ITS RESPONSIBILITIES UNDER THE AGREEMENT, PRO LINKS WILL ASSIGN VARIOUS EMPLOYEES AND CONTRACTORS TO THE PERFORMANCE OF SERVICES WITHIN THE AGREEMENT. THE AGREEMENT SHALL REMAIN IN EFFECT FROM ITS INITIAL TERM AND SHALL RUN CO-TERMINUS WITH THE TITLE SPONSOR AGREEMENT, INCLUDING ANY RENEWALS OR EXTENSIONS. THE ORGANIZATION COMPENSATES PRO LINKS FOR ALL EMPLOYMENT AND TOURNAMENT EXPENSES AS OUTLINED IN THE AGREEMENT. IN ADDITION, THE ORGANIZATION PAYS AN ANNUAL MANAGEMENT FEE, TOTALING $552,559 FOR THE FISCAL YEAR ENDED MAY 31, 2024, PLUS AN ANNUAL PERFORMANCE BONUS BASED ON NET TOURNAMENT PROCEEDS (AS DEFINED IN THE AGREEMENT). THE ORGANIZATION PAID PRO LINKS APPROXIMATELY $2,282,000 FOR THE YEAR ENDED MAY 31, 2024. THIS AMOUNT INCLUDES EMPLOYMENT AND TOURNAMENT EXPENSES, ANNUAL MANAGEMENT FEE, AND ANNUAL PERFORMANCE BONUS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DESCRIBED IN THE ORGANIZATION'S BYLAWS. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES HAVE BEEN MADE AWARE OF THE POLICY AND ARE EXPECTED TO DISCLOSE ANY POTENTIAL CONFLICTS AND TO RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE RELATED TO THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT OF THE ORGANIZATION IS DETERMINED THROUGH A PROCESS BY WHICH INFORMATION IS GATHERED REGARDING SALARIES PAID TO INDIVIDUALS IN SIMILAR POSITIONS AT OTHER ORGANIZATIONS. THIS INFORMATION IS USED TO HELP THE BOARD ARRIVE AT THE PRESIDENT'S COMPENSATION PACKAGE, WHICH IS SPELLED OUT IN A FORMAL EMPLOYMENT CONTRACT. THE ORGANIZATION HAS TWO DIRECTORS OTHER THAN THE PRESIDENT AND NO OTHER KEY EMPLOYEES. THEIR COMPENSATION IS PROPOSED BY THE PRESIDENT, BASED UPON COMPENSATION PAID FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS, AND IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION NOTES THAT IT IS NOT REQUIRED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 THE FORMS 1023 AND 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR.