2026-01-30T08:02:26-06:00 2025-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2024-10-01 131882107 HEARING HEALTH FOUNDATION HEAR 2122576140 PO BOX 1397 NEW YORK NY 10018 ROBERT BOUCAI TREASURER 2122576140 2025-12-15 1 1 MARY-EVELYN ANTONETTI P00431862 2126976900 2026-01-28 2024 2025-03-06 01:10:19Z ROBERT BOUCAI PO BOX 1397 NEW YORK NY 10018 8487849 0 X WWW.HEARINGHEALTHFOUNDATION.ORG X 1958 NY PREVENT AND CURE HEARING LOSS AND TINNITUS. (SEE SCH O ) HEARING HEALTH FOUNDATION'S VISION IS TO HAVE A WORLD WHERE PEOPLE CAN ENJOY LIFE WITHOUT HEARING LOSS AND TINNITUS. SINCE 1958, HEARING HEALTH FOUNDATION HAS BEEN THE LEADING NONPROFIT FUNDER FOR FUNDING FOR BASIC, CLINICAL AND TRANSLATIONAL RESEARCH IN HEARING AND BALANCE SCIENCE, AND A LEADER IN DRIVING NEW INNOVATIONS AND TREATMENTS FOR PEOPLE WITH HEARING LOSS, TINNITUS, AND OTHER HEARING CONDITIONS. THIS INCLUDES FUNDING RESEARCH THAT LED TO THE DEVELOPMENT OF COCHLEAR IMPLANTS AND MANY OF TODAY'S STANDARD TREATMENTS FOR OTOSCLEROSIS (ABNORMAL BONE GROWTH IN THE EAR) AND EAR INFECTIONS. IN THE 1990'S HEARING HEALTH FOUNDATION ADVOCATED IN WASHINGTON, DC, FOR UNIVERSAL NEWBORN HEARING SCREENING LEGISLATION, TO DETECT HEARING LOSS AT BIRTH. TODAY, 98% OF NEWBORNS ARE TESTED (UP FROM 4% IN 1994). 12 12 7 48 89080 0 4903201 4292808 122350 89080 235111 296929 0 0 5260662 4678817 2036039 2475548 0 0 1183925 1261846 135100 121816 344810 1112277 1063698 4467341 4922908 793321 -244091 14288360 14344426 574025 436925 13714335 13907501 X HEARING HEALTH FOUNDATION'S MISSION IS TO PREVENT AND CURE HEARING LOSS AND TINNITUS THROUGH GROUNDBREAKING RESEARCH. 0 0 3126820 2475548 HEARING RESTORATION PROJECT AND EMERGING RESEARCH GRANTS - HEARING HEALTH FOUNDATION IS COMMITTED TO HEARING RESEARCH AND SUPPORTS TWO PILLAR RESEARCH PROGRAMS, EMERGING RESEARCH GRANTS (ERG) AND THE HEARING RESTORATION PROJECT (HRP). THE ERG PROGRAM PROVIDES SEED FUNDING TO RESEARCHERS WORKING ACROSS THE SPECTRUM OF HEARING AND BALANCE SCIENCE, INCLUDING MANY UNDERFUNDED AREAS OF OTOLOGY. SINCE 1958 HHF HAS THROUGH ERG FUNDED INNOVATIVE RESEARCH THAT HAS ADVANCED BASIC, CLINICAL AND TRANSLATIONAL RESEARCH IN HEARING AND BALANCE. HHF'S HRP, FOUNDED IN 2011, IS THE FIRST INTERNATIONAL CONSORTIUM OF RESEARCHERS WORKING TO REGENERATE THE SENSORY CELLS IN THE INNER EAR TO RESTORE HEARING AND CURE TINNITUS. 721460 89080 "HEARING HEALTH MAGAZINE" (HHM) - HHM IS THE AWARD-WINNING MAGAZINE PUBLISHED BY HEARING HEALTH FOUNDATION THAT IS THE ULTIMATE CONSUMER EDUCATION RESOURCE ON HEARING LOSS, TINNITUS, AND RELATED HEARING AND BALANCE CONDITIONS. AVAILABLE IN PRINT AND ONLINE, THE QUARTERLY FOR AND BY CONSUMERS AND PROFESSIONALS ALIKE HIGHLIGHTS INSPIRING, RELATABLE FIRST-PERSON STORIES AND RELIABLE, REAL-WORLD SOLUTIONS BASED ON THE LATEST RESEARCH AND TECHNOLOGY. HHM CONNECTS MEMBERS OF THE HEARING LOSS COMMUNITY TO ONE ANOTHER WHILE PROVIDING TIMELY SCIENTIFIC PROGRESS REPORTS AND EMPHASIZING PREVENTION AND THE CONNECTION BETWEEN HEARING HEALTH AND OVERALL WELLBEING. 510560 COMMUNICATION/EDUCATION - HEARING HEALTH FOUNDATION'S "KEEP LISTENING" CAMPAIGN IS AN EVERGREEN INITIATIVE TO EDUCATE ALL AGES ABOUT THE IMPORTANCE OF HEARING HEALTH AND PREVENTING HEARING DAMAGE, INCLUDING TINNITUS, FROM THE ONLY FULLY MODIFIABLE CAUSE OF HEARING LOSS: EXCESS NOISE. THROUGH ENGAGING BROADCAST TV PUBLIC SERVICE ANNOUNCEMENTS AND CONCERTED SOCIAL MEDIA OUTREACH, THE CAMPAIGN SOUNDS THE ALARM OF LISTENING TOO LOUD AND TOO LONG SUCH AS THROUGH HEADPHONES AND AT NOISY MUSIC AND RECREATIONAL VENUES, AND TEACHES SIMPLE LIFESTYLE CHANGES TO PROTECT HEARING SUCH AS USING EARPLUGS, TAKING HEARING BREAKS, AND ADVOCATING FOR QUIETER SHARED PUBLIC SPACES. IN ADDITION TO TV AND SOCIAL MEDIA, HHF BROADLY SHARES EDUCATIONAL CONTENT AND RESEARCH UPDATES THROUGH THE WEBSITE AND (SEE SCHEDULE O)BLOG, PRINT MAGAZINE, DIGITAL NEWSLETTER, AND AT CONFERENCES. 4358840 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 7 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY AL CA FL GA HI IL KS KY MD MA MI MN MS NV NH NJ NM NC ND OK OR PA RI SC TN UT VA WV WI X X X HEARING HEALTH FOUNDATION 2122576140 575 8TH AVENUE SUITE 1201 NEW YORK NY 10018 PAUL ORLIN VICE CHAIR 4.00 X X 0 0 0 ROBERT BOUCAI TREASURER 4.00 X X 0 0 0 ELIZABETH M KEITHLEY CHAIR EMERITA (UNTIL 9/30/2025) 4.00 X 0 0 0 ANIL LALWANI DIRECTOR 4.00 X 0 0 0 CARY KOPCZYNSKI DIRECTOR 1.00 X 0 0 0 JAY GRUSHKIN CHAIR 4.00 X X 0 0 0 SOPHIA BOCCARD DIRECTOR 1.00 X 0 0 0 KAZIE METZGER DIRECTOR 1.00 X 0 0 0 BRENDA M RYALS DIRECTOR 1.00 X 0 0 0 NANCY M YOUNG DIRECTOR 1.00 X 0 0 0 SHARON G KUJAWA DIRECTOR 1.00 X 0 0 0 JUDY DUBNO SECRETARY 4.00 X X 0 0 0 CAROL SALMANSON DIRECTOR 1.00 X 0 0 0 TIMOTHY L HIGDON PRESIDENT & CEO 40.00 X 291675 0 16280 GAIL MARINO FOUNDATION OFFICER 40.00 X 118502 0 29298 NOEMI DISLA DIRECTOR OF FINANCE/OPNS 40.00 X 122846 0 16280 CHRISTOPHER GEISSLER DIRECTOR OF PROGRAM AND RE 40.00 X 124989 0 16280 YISHANE LEE DIRECTOR OF MARKETING AND 40.00 X 145395 0 5000 803407 0 83138 5 0 1 0 0 4292808 336276 4292808 PUBLISHING INCOME 513120 89080 89080 89080 296929 296929 3809032 3809032 0 4678817 0 89080 296929 2290548 2290548 185000 185000 295455 236364 29546 29545 756480 605182 75649 75649 28557 24523 2856 1178 102489 88021 10249 4219 78865 67035 7887 3943 376 252 49 75 84925 56900 11040 16985 121816 121816 52956 52956 220093 182771 13764 23558 264413 237310 2159 24944 103763 99759 360 3644 46786 34853 2528 9405 26636 23972 1332 1332 45586 38034 2517 5035 71346 60644 3567 7135 12068 10862 603 603 11740 10566 587 587 EDITORIAL/ARTWORK/DESIG 95723 95723 DUES AND SUBSCRIPTIONS 15029 10521 751 3757 REGISTRATIONS AND STATE 12258 858 11400 4922908 4358840 219258 344810 487063 575338 1369513 1175705 2432438 2902083 1500 5795 73500 70307 150241 142646 15775 7595 9439623 9259551 468948 348052 14288360 14344426 91341 80904 482684 356021 574025 436925 X 6574305 3132624 7140030 10774877 13714335 13907501 14288360 14344426 X -244091 424440 2102 10715 X X 0 1 X 1 0 X 4961472 4455619 3029302 4903201 4292808 21642402 4961472 4455619 3029302 4903201 4292808 21642402 3985410 17656992 218533 187121 218540 234913 296929 1156036 110400 83506 81485 122350 89080 486821 1818 1818 23287077 0.75820 0.77610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6541925 423250 6965175 5830337 1111588 400000 6541925 5616043 214294 5830337 5633367 -17324 5616043 5642138 -8771 5633367 0.09840 0.90160 0 0 41775 41775 0 108466 100871 7595 7595 LEASE LIABILITY 338015 SECURITY DEPOSITS - SUBLEASE 18006 356021 X 38845367 424440 33795066 34219506 4625861 52956 52956 4678817 38654303 33795066 33795066 4859237 52956 10715 63671 4922908 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEAR GRANTS RETURNED 10,715. PART V, LINE 4: THE ENDOWMENT CORPUS FROM THE HEARST FOUNDATION PROVIDES INVESTMENT INCOME TO FUND THE HEARST ENDOWED OTOLOGIC FELLOWSHIP. THE ENDOWMENT CORPUS FROM C.H.E.A.R. INC. PROVIDES INVESTMENT INCOME TO FUND THE CHILDREN'S HEARING EDUCATION AND RESEARCH ("C.H.E.A.R.") ENDOWMENT GRANT. THE ENDOWMENT CORPUS FROM THE LIVERMORE AND LAHEE FUNDS PROVIDE INVESTMENT INCOME TO FUND RESEARCH INTO THE CAUSE AND CURE OF HEARING PROBLEMS, FOR HELPING THE HARD OF HEARING AND DEAF ADJUST TO LIFE, FOR HELPING THEIR FAMILIES ADJUST TO THEM OR FOR ANY COMBINATION OF SUCH PURPOSES. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025, MANAGEMENT EVALUATED THEIR ENDOWMENTS. THE NUMBERS REPORTED ON PART V, COLUMN (B), (C), (D), AND (E) HAVE BEEN RESTATED TO ALIGN WITH THE REPORTING IN COLUMN (A). 1 NORTH AMERICA 0 0 GRANT TO RECIPIENT LOCATED IN THE REGION HEARING RESEARCH 185000 0 0 0 0 0 0 185000 0 185000 NORTH AMERICA HEARING RESEARCH 185000 INTERNATIONAL BANK WIRE 0 1 0 0 0 0 0 0 PART I, LINE 2: GRANTEES ARE REQUIRED TO SUBMIT THEIR EXPENDITURE OR TERMINAL REPORT AT THE END OF THE FOUNDATION'S FUNDING SUPPORT, WITH A FINAL BUDGET. REGULAR NOTICES ARE SENT TO GRANTEES TO REMIND THEM WHEN THEIR REPORTS ARE DUE. ALL UNEXPENDED FUNDS MUST BE RETURNED WITH THE REPORT. BEFORE THE END OF THE GRANT YEAR, GRANTEES HAVE THE OPTION TO ASK FOR A NO-COST EXTENSION TO EXTEND THE TERM OF THEIR GRANT AWARD. GRANT EXTENSIONS ARE REVIEWED AND APPROVED BY THE FOUNDATION'S CEO. PART I, LINE 3, COLUMN F: THE AMOUNTS REPORTED ARE ON THE ACCRUAL BASIS. X X X X 1 HARRIET HESSAM & ASSOCIATES INC 7308 LUDLOW DR COLLEGE GROVE TN 37046 FUNDRAISING 0 1392368 121816 1270552 1392368 121816 1270552 NY AL AK CA CT CO DC FL GA HI IL KS KY MD MA MI MN MS MO NV NH NJ NM NC ND OH OK OR PA RI SC SD TN UT VA WA WV WI SCHEDULE G, PART I, LINE 2B, COLUMN (V) PLANNED GIVING: DEVELOPMENT OF PLANNED GIVING CAMPAIGN FOR HEARING HEALTH FOUNDATION (HHF), INCLUDING BUT NOT LIMITED TO: PROSPECT LISTS WORK WITH HHF TO CREATE WEBINARS AND MAGAZINE ADVERTISEMENTS. AS NEEDED, SOLICITATION OF PLANNED GIFT AGREEMENTS AND MAJOR GIFTS 1 ARIZONA STATE UNIVERSITY OFFICE FOR RESEARCH & SPONSORED PROJECTS ADMIN PO BOX 876011 TEMPE AZ 85287 860196696 501(C)3 49999 0 RESEARCH GRANT BAYLOR COLLEGE OF MEDICINE SPONSORED PROGRAMS OFFICE ONE BAYLOR PLAZA BCM310 HOUSTON TX 77030 741613878 501(C)3 125000 0 RESEARCH GRANT BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 3160 PORTER DRIVE SUITE 100 PALO ALTO CA 94304 941156365 501(C)3 175000 0 RESEARCH GRANT BOSTON CHILDREN'S HOSPITAL PO BOX 414413 BOSTON MA 02241 042774441 501(C)3 50000 0 RESEARCH GRANT CREIGHTON UNIVERSITY 2500 CALIFORNIA PLAZA OMAHA NE 68178 470376583 501(C)3 114000 0 RESEARCH GRANT JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE OFFICE OF RESEARCH ADMINISTRATI 733 N BROADWAY SUITE 117 BALTIMORE MD 21205 520595110 501(C)3 50000 0 RESEARCH GRANT MASS EYE & EAR 243 CHARLES STREET BOSTON MA 02114 042103591 501(C)3 175000 0 RESEARCH GRANT NATIONAL INSTITUTE ON DEAFNESS AND OTHER COMMUNICATION DISORDERS (NIDCD) 9000 ROCKVILLE PIKE BETHESDA MD 20892 520858115 501(C)3 190000 0 RESEARCH GRANT NEW YORK UNIVERSITY GROSSMAN SCHOOL OF MEDICINE 1 PARK AVE 6TH FLOOR NEW YORK NY 10016 135562308 501(C)3 49993 0 RESEARCH GRANT OREGON HEALTH & SCIENCE UNIVERSITY 3181 SW SAM JACKSON PARK ROAD PORTLAND OR 97239 386006309 501(C)3 100000 0 RESEARCH GRANT STOWERS INSTITUTE FOR MEDICAL RESEARCH 1000 E 50 ST KANSAS CITY MO 64110 202993509 501(C)3 100000 0 RESEARCH GRANT THE REGENTS OF THE UNIVERSITY OF MICHIGAN 3003 S STATE STREET ANN ARBOR MI 48109 386006309 501(C)3 130000 0 RESEARCH GRANT THE RESEARCH FOUNDATION FOR THE SUNY ON BEHALF OF UNIVERSITY AT BUFFALO 520 LEE ENTRANCE SUITE 211 AMHERST NY 14228 146013200 501(C)3 50000 0 RESEARCH GRANT UNIVERSITY OF MARYLAND BALTIMORE SPA OFFICE 620 WEST LEXINGTON STREET 4TH FLOOR BALTIMORE MD 21201 526002033 501(C)3 259742 0 RESEARCH GRANT UNIVERSITY OF PITTSBURGH OFFICE OF SPONSORED PROGRAMS 3420 FORBES AVENUE PITTSBURGH PA 15260 250965591 501(C)3 100000 0 RESEARCH GRANT UNIVERSITY OF SOUTHERN CALIFORNIA 3500 S FIGUEROA STREET SUITE 102 LOS ANGELES CA 90089 951642394 501(C)3 97000 0 RESEARCH GRANT UNIVERSITY OF WASHINGTON 4333 BROOKLYN AVE NE BOX 359472 SEATTLE WA 98195 916001537 501(C)3 200000 0 RESEARCH GRANT THE REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES 10920 WILSHIRE BLVD SUITE 500 LOS ANGELES CA 90024 956006143 501(C)3 49891 0 RESEARCH GRANT UNIVERSITY OF CALIFORNIA SAN FRANCISCO UCSF MAIN DEPOSITORY ACCOUNT 1855 FOLSOM STREET STE 425 SAN FRANCISCO CA 94103 946036493 501(C)3 50000 0 RESEARCH GRANT UNIVERSITY OF COLORADO DENVER AMC AND DC ANSCHULTZ MEDICAL CAMPUS 13001 E 17TH PLACE ROOM W1124 AURORA CO 80045 846000555 501(C)3 49923 0 RESEARCH GRANT UNIVERSITY OF IOWA 2410 UCC 201 S CLINTON ST IOWA CITY IA 52242 426004813 501(C)3 50000 0 RESEARCH GRANT UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER 910 MADISON AVE STE 823 MEMPHIS TN 38163 626001636 501(C)3 50000 0 RESEARCH GRANT ACOUSTICAL SOCIETY OF AMERICA 1305 WALT WHITMAN ROAD SUITE 110 MELVILLE NY 11747 136161132 501(C)3 25000 0 RESEARCH IN OTOLOGY 23 0 PART I, LINE 2: GRANTEES ARE REQUIRED TO SUBMIT THEIR EXPENDITURE OR TERMINAL REPORT AT THE END OF THE FOUNDATION'S FUNDING SUPPORT, WITH A FINAL BUDGET. REGULAR NOTICES ARE SENT TO GRANTEES TO REMIND THEM WHEN THEIR REPORTS ARE DUE. ALL UNEXPENDED FUNDS MUST BE RETURNED WITH THE REPORT. BEFORE THE END OF THE GRANT YEAR, GRANTEES HAVE THE OPTION TO ASK FOR A NO-COST EXTENSION TO EXTEND THE TERM OF THEIR GRANT AWARD. GRANT EXTENSIONS ARE REVIEWED AND APPROVED BY THE FOUNDATION'S CEO. 1 X X X 0 0 0 0 0 0 0 1 0 TIMOTHY L HIGDON PRESIDENT & CEO 257362 0 34313 0 0 0 5000 0 11280 0 307955 0 0 0 YISHANE LEE DIRECTOR OF MARKETING AND 130395 0 15000 0 0 0 5000 0 0 0 150395 0 0 0 PART I, LINE 7 ON OCTOBER 7, 2025, THE BOARD MET AND CONDUCTED A PERFORMANCE REVIEW FOR THE PRESIDENT & CEO. BASED ON ACCOMPLISHMENTS DURING THE YEAR, A PERFORMANCE BONUS WAS APPROVED EFFECTIVE OCTOBER 1, 2025. X 7 336276 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I COLUMN B IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PREPARES FORM 990 WITH THE ASSISTANCE OF AN OUTSIDE CPA FIRM. A SUBSTANTIALLY COMPLETE DRAFT OF THE RETURN IS REVIEWED BY THE AUDIT COMMITTEE. A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS IS ASKED TO SIGN A CONFLICT OF INTEREST ("COI") POLICY ANNUALLY, AND LIST ALL OTHER ORGANIZATIONS WHERE THEY VOLUNTEER OR SIT ON A BOARD OF DIRECTORS. THE COI POLICIES ARE REVIEWED BY THE CEO AND AUDIT COMMITTEE OF THE BOARD ANNUALLY. ANY INDIVDIUAL WHO HAS A POTENTIAL CONFLICT WOULD BE EXCLUDED FROM DISCUSSION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEE COMPENSATION WAS DETERMINED BY REVIEWING A COMPENSATION SURVEY CONDUCTED BY "PROFESSIONALS FOR NONPROFITS (PNP)" AT THE TIME EACH EMPLOYEE WAS HIRED. CURRENTLY, ONE OFFICER IS COMPENSATED. IN THE FUTURE, IF ANY OTHER OFFICERS OR KEY EMPLOYEES ARE HIRED THEY WILL UNDERGO THE SAME COMPENSATION REVIEW PROCESS AS THE TOP MANAGEMENT OFFICIALS. DURING THE YEAR ENDED SEPTEMBER 30, 2025, THE EXECUTIVE COMMITTEE OF THE BOARD ACTING AS A EXECUTIVE COMPENSATION COMMITTEE REVIEWED AND APPROVED OFFICER COMPENSATION ON OCTOBER 7, 2025. FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS AVAILABLE AS A PDF DOCUMENT ON OUR WEBSITE, UPON REQUEST, AND IN THE HEARING HEALTH FOUNDATION OFFICES. THE 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN OUR OFFICE AND UPON REQUEST, AND ARE INCORPORATED IN THE ANNUAL REPORT, WHICH IS PUBLISHED ON HEARING HEALTH'S FOUNDATION WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST (AND OTHER) POLICIES ARE AVAILABLE IN THE HEARING HEALTH FOUNDATION'S OFFICE AND UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR GRANTS RETURNED 10,715. FORM 990, PART XII, LINE 2C HEARING HEALTH FOUNDATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND FOR THE SELECTION OF THE INDEPENDENT AUDITORS, NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.