2025-11-14T14:22:49-06:00 2024-12-31 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2024-01-01 150572877 NATIONAL BASEBALL HALL OF FAME AND MUSEUM INC NATI 6075477200 25 MAIN STREET COOPERSTOWN NY 13326 SHILPA KETHARAJU VP FIN & ADMIN/CFO 6075477200 2025-11-14 1 0 GENEVA FURLANO P01877392 5184274600 2024 2025-03-06 01:10:19Z JOSH RAWITCH 25 MAIN STREET COOPERSTOWN NY 13326 22966617 0 X WWW.BASEBALLHALL.ORG X 1936 NY THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION DEDICATED TO FOSTERING AN APPRECIATION OF THE HISTORICAL DEVELOPMENT OF THE GAME OF BASEBALL AND ITS IMPACT ON OUR CULTURE BY COLLECTING, PRESERVING, EXHIBITING, AND INTERPRETING ITS COLLECTIONS FOR A GLOBAL AUDIENCE, AS WELL AS HONORING THOSE WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO OUR NATIONAL PASTIME. 17 15 236 83 45668 38886 4009724 4447135 6936531 7651832 375922 2164074 2412841 2900132 13735018 17163173 0 0 0 0 7049348 7657944 128649 25000 847082 7813668 8797117 14991665 16480061 -1256647 683112 67700326 71501041 2993251 3681049 64707075 67819992 X THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION DEDICATED TO FOSTERING AN APPRECIATION OF THE HISTORICAL DEVELOPMENT OF THE GAME OF BASEBALL AND ITS IMPACT ON OUR CULTURE BY COLLECTING, PRESERVING, EXHIBITING, AND INTERPRETING ITS COLLECTIONS FOR A GLOBAL AUDIENCE, AS WELL AS HONORING THOSE WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO OUR NATIONAL PASTIME. 0 0 10173858 9184069 SEE SCHEDULE OTHROUGH ITS MISSION, THE MUSEUM IS COMMITTED TO: COLLECTING, THROUGH DONATION, BASEBALL ARTIFACTS, WORKS OF ART, LITERATURE, PHOTOGRAPHS, MEMORABILIA AND RELATED MATERIALS WHICH FOCUS ON THE HISTORY OF THE GAME OVER TIME, ITS PLAYERS, AND THOSE ELECTED TO THE HALL OF FAME. PRESERVING THE COLLECTIONS BY ADHERING TO PROFESSIONAL MUSEUM STANDARDS WITH RESPECT TO CONSERVATION AND MAINTAINING A PERMANENT RECORD OF HOLDINGS THROUGH DOCUMENTATION, STUDY, RESEARCH, CATALOGING AND PUBLICATION. EXHIBITING MATERIAL IN PERMANENT GALLERY SPACE, ORGANIZING ON-SITE CHANGING EXHIBITIONS ON VARIOUS THEMES, WITH WORKS FROM THE HALL OF FAME COLLECTIONS OR OTHER SOURCES, WORKING WITH OTHER INDIVIDUALS OR ORGANIZATION TO EXHIBIT LOANED MATERIAL OF SIGNIFICANCE TO BASEBALL AND PROVIDING RELATED RESEARCH FACILITIES. INTERPRETING ARTIFACTS THROUGH ITS EXHIBITION AND EDUCATION PROGRAMS TO ENHANCE AWARENESS, UNDERSTANDING AND APPRECIATION OF THE GAME FOR A DIVERSE AUDIENCE. HONORING, BY ENSHRINEMENT, THOSE INDIVIDUALS WHO HAD EXCEPTIONAL CAREERS, AND RECOGNIZING OTHERS FOR THEIR SIGNFICANT ACHIEVEMENTS. 10173858 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 126 0 1 236 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 15 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA CO CT DC FL GA IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OR PA RI SC TN UT VA WV WI X SHILPA KETHARAJU 6075477200 25 MAIN STREET COOPERSTOWN NY 13326 JANE FORBES CLARK CHAIRMAN/DIRECTOR 4.00 X X 0 0 0 KEVIN S MOORE TREASURER/DIRECTOR 4.00 X X 0 0 0 PAUL BEESTON DIRECTOR 4.00 X 0 0 0 CRAIG BIGGIO DIRECTOR 4.00 X 0 0 0 WILLIAM O DEWITT JR DIRECTOR 4.00 X 0 0 0 TOM GLAVINE DIRECTOR 4.00 X 0 0 0 KEN GRIFFEY JR DIRECTOR 4.00 X 0 0 0 KEN KENDRICK DIRECTOR 4.00 X 0 0 0 ROBERT D MANFRED JR DIRECTOR, EX OFFICIO 4.00 X 0 0 0 ARTE MORENO DIRECTOR 4.00 X 0 0 0 JERRY REINSDORF DIRECTOR 4.00 X 0 0 0 CAL RIPKEN JR DIRECTOR 4.00 X 0 0 0 DR HARVEY W SCHILLER DIRECTOR 4.00 X 0 0 0 OZZIE SMITH DIRECTOR 4.00 X 0 0 0 JOE TORRE DIRECTOR 4.00 X 0 0 0 THOMAS TULL DIRECTOR 4.00 X 0 0 0 KIM NG DIRECTOR 4.00 X 0 0 0 JOSH RAWITCH PRESIDENT 35.00 X 415530 0 73863 SEAN GAHAGAN VP RETAIL MARKETING & LIC. 35.00 X 231378 0 61789 LISA ANDERSON VP OF MUSUEM AFFAIRS 35.00 X 144583 0 21582 KENNETH MEIFERT VP SPONSORSHIP & DEVELOPMENT 35.00 X 144040 0 28090 JONATHAN SHESTAKOFSKY VP COMMUNICATIONS & CONTENT 35.00 X 132158 0 17844 RYAN SELZNER VP PEOPLE & CULTURE 35.00 X 111610 0 36187 SHILPA KETHARAJU VP FINANCE AND ADMIN/CFO 35.00 X 198246 0 45155 ANDREW MARIETTA SECRETARY 4.00 X 0 0 0 EVAN CHASE SECURITY DIRECTOR 35.00 X 132878 0 40235 ANNE SMULLENS DIRECTOR OF FINANCE 35.00 X 106278 0 35363 TOM SHIEBER SENIOR CURATOR 35.00 X 104027 0 23594 1720728 0 383702 10 0 1 0 OLOGIE 447 E MAIN ST COLUMBUS OH 43125 WEBSITE DEVELOPMENT 238350 HALE TRANSPORTATION 37 KIRKLAND AVE CLINTON NY 13323 TRANSPORTATION SERVICES 209900 ELYSIAN PARK VENTURES LLC 227 WEST MONROE ST CHICAGO IL 60606 CONSULTANT 165718 KPMG LLP DEPARTMENT 0511 PO BOX 120511 DALLAS TX 753120511 ACCOUNTING/TAX SERVICES 129340 4 77880 225000 4144255 301382 4447135 ADMISSIONS 900099 5493223 5493223 FRIENDS OF HOF MEMBERSHIP 900099 1910405 1910405 PROGRAM SERVICES 900099 214304 214304 TRAVELING EXHIBITIONS 900099 33900 33900 7651832 2121312 2121312 1382024 1382024 362770 319446 562 43324 -562 42762 42762 204580 77880 289301 -84721 -84721 6695952 5194135 1501817 1501817 FACILITY USE FEES 900099 70592 45668 24924 MISCELLANEOUS INCOME 900099 30420 30420 101012 17163173 9184069 45668 3486301 1662055 402231 1173758 86066 4356697 3139346 851589 365762 386467 236684 129796 19987 863935 623363 170625 69947 388790 258917 98690 31183 53165 52813 352 150955 150955 25000 25000 426042 426042 292891 207922 37903 47066 438825 397412 5656 35757 635792 535268 55836 44688 482927 277824 189148 15955 1931429 1867586 63843 304816 115513 141703 47600 892570 878481 14089 1732743 111553 1621116 74 182328 63117 119211 EXPRESS AND POSTAGE 528463 479259 8516 40688 MERCHANT DISCOUNTS 232632 221262 11370 CONSERVATION REFURBISH 16187 16187 495352 341933 147832 5587 16480061 10173858 5459121 847082 845645 1176555 13227016 11814769 2204958 1845304 135648 572768 876772 1030271 255912 185269 66339783 44377709 20881836 21962074 2340993 2326207 26931546 30587824 67700326 71501041 387116 857326 699093 938766 1907042 1884957 2993251 3681049 X 30652790 32286824 34054285 35533168 64707075 67819992 67700326 71501041 X 683112 2556838 -127033 X 0 1 X 1 0 X 9948045 13376839 2710957 4009724 4447135 34492700 5563131 10649657 13794207 13330751 14552364 57890110 15511176 24026496 16505164 17340475 18999499 92382810 3072750 3090710 304267 670782 472951 7611460 0 3072750 3090710 304267 670782 472951 7611460 84771350 1045285 2919414 4959731 1312947 3503336 13740713 1045285 2919414 4959731 1312947 3503336 13740713 18843 49974 45668 114485 15896 47739 68365 34999 55344 222343 16572357 26993649 21552103 18738395 22603847 106460351 0.79630 0.81340 0.12910 0.11040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FACILITY USE FEES - 2020 AMOUNT: $ 3,000. 2021 AMOUNT: $ 35,650. 2022 AMOUNT: $ 63,505. 2023 AMOUNT: $ 18,821. 2024 AMOUNT: $ 24,924. MISCELLANEOUS - 2020 AMOUNT: $ 12,896. 2021 AMOUNT: $ 12,089. 2022 AMOUNT: $ 4,860. 2023 AMOUNT: $ 16,178. 2024 AMOUNT: $ 30,420. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 SCHEDULE C, PART II-A AND PART II-B LOBBYING ACTIVITIES ARE LIMITED TO OFFICER DISCUSSION WITH CONSULTANTS AND LEGISLATORS TO OBTAIN FUNDING FOR CHARITABLE MISSIONS. NO FUNDS WERE EXPENDED. X X X X 0 39152479 24046 4426723 65000 742495 42795753 36384207 16459 3174210 65000 357397 39152479 38908328 732571 -2897722 43265 316205 36384207 31309812 4465726 3378636 245846 38908328 28237079 1126977 2139656 193900 31309812 1.00000 1 0 891540 891540 40128022 23742384 16385638 24087786 20635325 3452461 1232435 1232435 21962074 LIMITED PARTNERSHIPS 4902594 C DIVERSIFIED EQUITIES 25685230 F 30587824 ACCRUED POST-RETIREMENT LIABILITY 1884957 1884957 X 25204009 2556838 2556838 22647171 -5483998 -5483998 17163173 22091092 5611031 5611031 16480061 0 16480061 PART III, LINE 1A: PURCHASED COLLECTIONS ARE ADDED AT COST AND DONATED COLLECTIONS ARE ADDED AT FAIR VALUE AS DETERMINED BY THE MUSEUM. THESE COLLECTIONS ARE EXCLUDED FROM THE BALANCE SHEET. COLLECTIONS ARE MADE UP OF ARTIFIACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. PART III, LINE 4: COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. PART V, LINE 4: THE MUSEUMS ENDOWMENT CONSISTS OF FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE MUSEUM TO FUNCTION AS ENDOWMENTS (BOARD DESIGNATED). ONE SUCH ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF FUNDING AN INTERNSHIP PROGRAM. THE ENDOWMENT ALLOWS FOR ANNUAL SPENDING OF UP TO 10% OF THE ENDOWMENTS' EARNINGS AND PRINCIPAL, BEGINNING WITH EARNINGS ON THE INVESTMENT BEFORE REDUCING THE PRINCIPAL, IF NECESSARY. ANOTHER ENDOWMENT HAS BEEN ESTABLISHED TO PRESERVE THE NATIONAL PASTIME AND THE ASSOCIATED COLLECTIONS, ARCHIVES AND PROGRAMS. SPENDING FOR THIS ENDOWMENT IS IN ACCORDANCE WITH SPENDING POLICIES APPROVED BY THE BOARD OF DIRECTORS, WHICH CURRENTLY ALLOW A SPENDING RATE UP TO 4.5% OF THE MOST RECENT TWENTY QUARTER AVERAGE MARKET VALUE OF THE ENDOWMENT. PART X, LINE 2: THE MUSEUM IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE MUSEUM FOLLOWS ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY THAN-NOT FOR RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE MUSEUM HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -5,194,135. EVENTS DIRECT EXPENSES -289,301. LOSS ON DISPOSAL OF ASSETS -562. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,194,135. EVENT DIRECT EXPENSES 289,301. LOSS ON DISPOSAL OF ASSETS 562. COLLECTION ITEMS ACQUIRED 18,560. POST-RETIREMENT BENEFIT CHANGE 108,473. X X X X X X 1 THE ANGELETTI GROUP LLC 365 SOUTH STREET SUITE 100 MORRISTOWN NJ 07960 DEVELOPMENT COUNSEL/SUPPORT 0 0 25000 0 25000 AK AL AR CA CO CT FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV EAST WEST CLASSIC 158450 77880 80570 8016 5000 72355 10450 148269 TURN TWO 28750 28750 803 784 2626 2 95260 95260 8051 7288 6796 18863 282460 77880 204580 16870 12288 79935 10450 169758 289301 -84721 X X 1 1 X X 0 0 0 0 0 0 0 1 0 JOSH RAWITCH PRESIDENT 395530 0 20000 0 0 0 34500 0 39363 0 489393 0 0 0 SEAN GAHAGAN VP RETAIL MARKETING & LIC. 219738 0 11640 0 0 0 23260 0 38529 0 293167 0 0 0 SHILPA KETHARAJU VP FINANCE AND ADMIN/CFO 198246 0 0 0 0 0 20686 0 24469 0 243401 0 0 0 EVAN CHASE SECURITY DIRECTOR 124274 0 8604 0 0 0 13359 0 26876 0 173113 0 0 0 KENNETH MEIFERT VP SPONSORSHIP & DEVELOPMENT 144040 0 0 0 0 0 14441 0 13649 0 172130 0 0 0 LISA ANDERSON VP OF MUSUEM AFFAIRS 144583 0 0 0 0 0 7280 0 14302 0 166165 0 0 0 JONATHAN SHESTAKOFSKY VP COMMUNICATIONS & CONTENT 132158 0 0 0 0 0 13516 0 4328 0 150002 0 0 0 PART I, LINE 1A CERTAIN INDIVIDUALS ON THE BOARD OF DIRECTORS ARE ALSO INDIVIDUALS WHO HAVE BEEN PREVIOUSLY INDUCTED INTO THE HALL OF FAME DUE TO THEIR ACCOMPLISHMENTS DURING THEIR BASEBALL CAREERS. THE HALL OF FAME HOSTS AN ANNUAL INDUCTION WEEKEND AND, AS PART OF THAT WEEKEND, ALL PAST INDUCTEES ARE INVITED TO ATTEND. FOR THE PAST INDUCTEES WHO ARE INVITED, THE HALL OF FAME OFFERS TRAVEL BENEFITS, INCLUDING FIRST CLASS AIRFARE FOR THE INDIVIDUAL AND A COMPANION, AS WELL AS A $100 GIFT CARD TO COVER ADDITIONAL EXPENSES AT THEIR HOTEL ACCOMMODATIONS. TO THE EXTENT INDIVIDUALS ON THE BOARD ARE PAST INDUCTEES, THEY MAY RECEIVE SUCH GIFTED BENEFITS FROM THE HALL OF FAME IN RELATION TO THE ANNUAL INDUCTION WEEKEND. HOWEVER, NONE OF THESE AMOUNTS ARE COMPENSATION FOR THEIR SERVICES RENDERED AS DIRECTORS ON THE BOARD. PART I, LINE 7 DISCRETIONARY BONUSES ARE REVIEWED ANNUALLY BY APPROPRIATE BOARD OFFICERS. FACTORS CONSIDERED INCLUDE ACHIEVEMENT OF PROGRAMMATIC AND CUSTOMER INITIATIVES, THE DEVELOPMENT AND MAINTENANCE OF POSITIVE RELATIONSHIPS WITH MEMBERS, DONORS, AND PATRONS, AND OVERALL ORGANIZATION FINANCIAL CONDITION. THE CLARK ESTATES INC COMMON MANAGEMENT 718974 FINANCIAL SERVICES 0 LEATHERSTOCKING CORPORATION COMMON MANAGEMENT 535272 HOUSING/ENTERTAINMENT 0 SUBSTANTIAL CONTRIBUTOR CONTRIBUTOR 110614 CUSTOM AWARDS/MERCHANDISE 0 SCHEDULE L, PART IV, LINES 1 AND 2 OUR CHAIRMAN, JANE FORBES CLARK, IS PRESIDENT AND DIRECTOR OF LEATHERSTOCKING CORPORATION AND CHAIRMAN AND DIRECTOR OF THE CLARK ESTATES, INC.OUR TREASURER AND DIRECTOR, KEVIN MOORE, IS A DIRECTOR OF LEATHERSTOCKING CORPORATION AND VICE CHAIRMAN AND DIRECTOR OF THE CLARK ESTATES, INC.OUR SECRETARY, ANDREW MARIETTA, IS SECRETARY OF BOTH LEATHERSTOCKING CORPORATION AND THE CLARK ESTATES, INC. X 3 X 34 15013 FMV X 275000 APPRAISAL X 397 X COOPERSTOWN BAT COMPANY 0 9046 FMV X HIGH VOLTAGE ENTERTAINMENT, INC 0 2323 FMV X PERSONAL PAPERS 4 0 LINEAR FEET X ARCHIVAL COLLECTIONS 9 0 CUBIC FEET 0 1 0 PART I, LINE 33: THE ORGANIZATION DOES NOT REPORT REVENUE IN COLUMN (C) FOR A TYPE OF PROPERTY FOR WHICH COLUMN (A) IS CHECKED BECAUSE, PURSUANT TO SFAS 16, IT ELECTED NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET DONATIONS HELD FOR PUBLIC EXHIBITION AND EDUCATION OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION A, LINE 2 JANE FORBES CLARK HAS A BUSINESS RELATIONSHIP WITH KEVIN MOORE. JANE FORBES CLARK AND KEVIN MOORE HAVE A BUSINESS RELATIONSHIP WITH ANDREW MARIETTA. ROBERT MANFRED HAS A BUSINESS RELATIONSHIP WITH WILLIAM DEWITT, JR., KEN KENDRICK, ARTE MORENO, JERRY REINSDORF, AND KEN GRIFFEY, JR. WILLIAM DEWITT, JR., KEN KENDRICK, ARTE MORENO, AND JERRY REINSDORF HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 7A FOUR SEATS ON THE BOARD OF DIRECTORS ARE DESIGNATED AS MAJOR LEAGUE BASEBALL SEATS WHEREBY MLB IN ITS DISCRETION, SHALL BE ENTITLED TO DESIGNATE THOSE INDIVIDUALS TO SERVE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE OF THE BOARD FOR REVIEW AND ANY OTHER BOARD MEMBER THAT REQUESTS A COPY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL INTERESTED PERSONS, WHICH IS DEFINED IN THE POLICY TO INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING INDIVIDUALS AND ENTITIES: 1. DIRECTORS AND OFFICERS OF THE ORGANIZATION WHO RECEIVE AN ANNUAL QUESTIONNAIRE; 2. MEMBERS OF A COMMITTEE OF THE BOARD WHO RECEIVE AN ANNUAL QUESTIONNAIRE; 3. STAFF MEMBERS RESPONSIBLE FOR THE DAY-TO-DAY MANAGEMENT AND OPERATION OF THE ORGANIZATION; 4. FOUNDER OF THE ORGANIZATION; 5. A SUBSTANTIAL CONTRIBUTOR TO THE ORGANIZATION; 6. A FAMILY MEMBER OF ANY DIRECTOR, OFFICER, COMMITTEE MEMBER, EMPLOYEE, FOUNDER OR SUBSTANTIAL CONTRIBUTOR; 7. ANY ENTITY OF WHICH ANY DIRECTOR, OFFICER, COMMITTEE MEMBER, EMPLOYEE, SUBSTANTIAL CONTRIBUTOR OR AN IMMEDIATE FAMILY MEMBER OF ANY SUCH INDIVIDUAL IS A DIRECTOR, TRUSTEE, OFFICER, COMMITTEE- MEMBER OR STAFF MEMBER; AND 8. AN ENTITY IN WHICH DIRECTORS, OFFICERS, COMMITTEE MEMBERS, SUBSTANTIAL CONTRIBUTORS AND FAMILY MEMBERS HAVE A SUBSTANTIAL FINANCIAL INTEREST THROUGH EITHER OWNERSHIP OR MANAGERIAL CONTROL. WHENEVER ANY DIRECTOR, OFFICER, COMMITTEE MEMBER OR STAFF MEMBER OF THE ORGANIZATION BECOMES AWARE THAT THE ORGANIZATION IS CONSIDERING A TRANSACTION THAT POTENTIALLY CREATES A CONFLICT OF INTEREST, HE OR SHE IS OBLIGATED TO NOTIFY THE BOARD AND TO DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER INTEREST IN THE TRANSACTION. THE BOARD WILL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT THE BOARD DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT BE PRESENT WHEN THE BOARD MAKES ITS DETERMINATION OTHER THAN TO ANSWER QUESTIONS. IF NO CONFLICT OF INTEREST IS FOUND TO EXIST, THE MINUTES OF THE MEETING MUST RECORD THE BASIS OF THE BOARD'S DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM, INC. HAS A FORMAL PROCESS THAT IT USES TO DETERMINE THE BASE COMPENSATION OF THE PRESIDENT ON AN ANNUAL BASIS. THIS PROCESS INCLUDES THE EXECUTIVE COMMITTEE OF THE BOARD, CHAIRMAN OF THE FINANCE COMMITTEE AND COMPENSATION SURVEYS OR STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PARTIES DESIRING TO OBTAIN COPIES OF SUCH MUST PRESENT THEMSELVES AT THE ADMINISTRATIVE OFFICES OF THE MUSEUM OR BY SENDING A SELF-ADDRESSED STAMPED ENVELOPE AND PAYMENT FOR COPYING OF THE REQUESTED MATERIAL TO THE NATIONAL BASEBALL HALL OF FAME AND MUSEUM, INC. ADMINISTRATIVE OFFICES. THE COST OF COPYING SHALL BE EQUAL TO THE COSTS IMPOSED BY THE IRS FOR COPYING OF PUBLIC DOCUMENTS. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFIT CHANGES -108,473. COLLECTION ITEMS ACQUIRED -18,560.