2026-05-12T21:07:39-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-07-01 222302253 LIBERTY SCIENCE CENTER LIBE 2012001000 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 TAMOUR KOUSHA EVP, CHIEF FINANCIAL OFFICER 2012001000 2026-05-12 1 1 GARRETT M HIGGINS P00543209 2122862600 2026-04-17 2024 2025-03-06 01:10:19Z PAUL HOFFMAN 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 41379359 0 X WWW.LSC.ORG X 1980 NJ TO INSPIRE THE NEXT GENERATION OF SCIENTISTS AND ENGINEERS AND EXCITE LEARNERS OF ALL AGES ABOUT THE POWER, PROMISE, AND PURE FUN OF SCIENCE AND TECHNOLOGY.LSC OFFERS EXCEPTIONAL SCIENCE LEARNING ONSITE, OFFSITE, AND ONLINE AS WELL AS PROFESSIONAL DEVELOPMENT FOR TEACHERS. 25 25 290 55 559112 0 15069650 15647250 15054341 16257366 1578654 1839580 4038811 5945805 35741456 39690001 113750 87735 0 0 12435437 13901554 0 0 2138135 18356415 19330423 30905602 33319712 4835854 6370289 151286127 169176018 20814032 32017825 130472095 137158193 X SEE SCHEDULE O 0 0 25445182 87735 16257366 LIBERTY SCIENCE CENTER HAS BROAD AMBITIONS AND SOUND STRATEGIES TO CHANGE THE FACE OF SCIENCE EDUCATION IN NEW JERSEY AND BEYOND. IN ADDITION TO ITS ENGAGING EXHIBITION AND THEATER OFFERINGS, AN IMPORTANT TOOL IN ACHIEVING THAT OBJECTIVE IS THE CENTER FOR LEARNING AND TEACHING. THE 19,000-SQUARE-FOOT FACILITY IS DEDICATED TO DELIVERING EDUCATIONAL PROGRAMMING FOR STUDENTS, GUESTS, TEACHERS, AND VISITORS. IT IS THE HOME OF LSC'S INTERNATIONALLY ACCLAIMED "LIVE FROM SURGERY" PROGRAM, WHERE STUDENTS OBSERVE AND DISCUSS PROCEDURES AND RISK FACTORS WITH OPERATING STAFF VIA VIDEOCONFERENCING DURING LIVE SURGERY. IT ALSO FEATURES SEVEN WORKING LABS INCLUDING THE MAKERLAB, AS WELL AS THE STUDIO FOR ELECTRONIC FIELD TRIPS. IN THIS SPACE, LSC PROVIDES OUTSTANDING AND AFFORDABLE EDUCATOR PROFESSIONAL DEVELOPMENT OPPORTUNITIES. SCHOOL RESIDENCIES ARE AVAILABLE THERE FOR SPECIAL NEEDS, HOME SCHOOLERS, AND OTHER STUDENTS. LIBERTY SCIENCE CENTER ALSO CONDUCTS CURRICULUM-LINKED ONSITE, OFFSITE, AND ONLINE PROGRAMS INCLUDING FIELD TRIPS, CLASSROOM AND LAB INSTRUCTION, INTERPRETIVE PROGRAMS IN BOTH FORMAL AND INFORMAL SETTINGS, TRAVELING SCIENCE PRESENTATIONS, AND EARLY CHILDHOOD SCIENCE PROGRAMMING. THE INSTITUTION ANNUALLY HOSTS HUNDREDS OF PRIVATE EVENTS FROM BIRTHDAY PARTIES TO HIGH-END PRODUCT LAUNCHES, HOSTS WORKFORCE DEVELOPMENT INITIATIVES, AND SHOWCASES PUBLIC SCIENCE- AND TECHNOLOGY- RELATED EVENTS FROM ROBOTICS COMPETITIONS TO LIVE ANIMAL SHOWS TO ROCKETRY LESSONS. 645034 0 0 LIBERTY SCIENCE CENTER'S SCITECH SCITY WILL BE A "BUSINESS OPTIMIZER", A NEW BREED OF INNOVATION CENTER THAT MAXIMIZES COMMERCIAL SUCCESS AND SOCIAL IMPACT OF SCIENCE AND TECHNOLOGY STARTUPS. THE WORD SCITY (PRONOUNCED "CITY"), FROM SCIENCE + CITY, IS LSC'S PORTMANTEAU FOR A CITY INFUSED WITH SCIENTIFIC CREATIVITY AND ACTIONABLE OPTIMISM ABOUT BUILDING A BETTER FUTURE FOR ALL OF US. ENVISAGED AS A SMALL-SCALE "CITY OF TOMORROW", SCITECH SCITY ASPIRES TO BE AN INTERNATIONALLY RECOGNIZED COMMUNITY WHERE BUSINESSES TEST - AND RESIDENTS AND VISITORS EXPERIENCE - NEW PRODUCTS AND SERVICES BEFORE THEY COME TO MARKET. THE 30-ACRE INNOVATION CAMPUS WILL CONSIST OF: LIBERTY SCIENCE CENTER, THE MOST VISITED CULTURAL INSTITUTION IN NEW JERSEY AND THE LARGEST IMMERSIVE SCIENCE LEARNING CENTER IN THE NJ-NYC METROPOLITAN AREA, EDGE WORKS, THE ECONOMIC AND CREATIVE HUB FOR SCITECH SCITY CONSISTING OF 120,000 SQUARE FEET OF MULTI-FUNCTION WORKSPACE FOR TECHNOLOGY STARTUPS, ENTREPRENEURS AND SKUNK WORKS PROJECTS OF ESTABLISHED COMPANIES, AND A STATE-OF-THE-ART CONFERENCE CENTER AND TECH EXHIBITION SPACE; LIBERTY SCIENCE HIGH SCHOOL, A PUBLIC HIGH SCHOOL FOR SCIENCE-INTERESTED STUDENTS IN HUDSON COUNTY, NEW JERSEY, SCHOLARS VILLAGE, RESIDENTIAL HOUSING FOR ENTREPRENEURS, TEACHERS, STUDENTS, AND TECH-SAVVY FAMILIES, AND A PUBLIC COMMONS AND PLAZA, CONSISTING OF A LARGE OUTDOOR AREA AND COMMON AREA SPACE FOR SOCIALIZING AND ENJOYMENT THAT WILL BE OPEN TO THE PUBLIC. 26090216 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 37 0 290 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ NY X X X TAMOUR KOUSHA CFO 2012531265 222 JERSEY CITY BLVD JERSEY CITY NJ 07305 DAVID BARRY CO-CHAIR 2.00 X X 0 0 0 STEVEN R HOWE JR CO-CHAIR 2.00 X X 0 0 0 SHERI BRONSTEIN VICE-CHAIR 2.00 X X 0 0 0 ALMA DEMETROPOLIS VICE CHAIR 2.00 X X 0 0 0 LAURA OVERDECK VICE CHAIR 2.00 X X 0 0 0 RICHARD M HODOSH VICE CHAIR 2.00 X X 0 0 0 BRUCE L LEVY TREASURER/SECRETARY 2.00 X X 0 0 0 JOSH S WESTON CHAIRMAN EMERITUS 2.00 X X 0 0 0 KENNETH BURKE TRUSTEE 1.00 X 0 0 0 JEANETTE CALANDRA TRUSTEE 1.00 X 0 0 0 CLARISSA GONCALVES TRUSTEE 1.00 X 0 0 0 LINDSAY HANS TRUSTEE 1.00 X 0 0 0 RALPH IZZO TRUSTEE 1.00 X 0 0 0 W NEVINS MCCANN JD TRUSTEE 1.00 X 0 0 0 CHIRAG PATEL TRUSTEE 1.00 X 0 0 0 MARC O PAVESE TRUSTEE 1.00 X 0 0 0 AL REBA TRUSTEE 1.00 X 0 0 0 JAMESON SCHRIBER TRUSTEE 1.00 X 0 0 0 REGINA SCULLY TRUSTEE 1.00 X 0 0 0 ANTHONY T SKIADAS TRUSTEE 1.00 X 0 0 0 CAROLINE TILLETT TRUSTEE 1.00 X 0 0 0 TIMOTHY TRACY TRUSTEE 1.00 X 0 0 0 GREG TUSAR TRUSTEE 1.00 X 0 0 0 JENN YETTKE TRUSTEE 1.00 X 0 0 0 NING YUAN TRUSTEE 1.00 X 0 0 0 PAUL HOFFMAN PRESIDENT & CEO 70.00 X 1052692 0 126755 TAMOUR KOUSHA EVP, CHIEF FINANCIAL OFFICER 60.00 X 350499 0 47451 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 60.00 X 306360 0 64024 IOWAKA BARBER CHIEF PEOPLE OFFICER 60.00 X 276608 0 36058 LISA HAYWARD SR. DIRECTOR, INDIV. GIVING 50.00 X 203665 0 22184 LIZA REICH RAWSON HEAD, EXHIBITION DEV. & DESIGN 50.00 X 182532 0 43111 IVORY WILLIAMS VP STEM EDUCATION 50.00 X 180911 0 42228 PAUL MARSH VP MARKETING & COMMUNICATIONS 50.00 X 163250 0 47964 KRISTINA REINTAMM SR. DIRECTOR, INSTIT. GIVING 50.00 X 143193 0 30259 2859710 0 460034 19 0 1 0 ESPOSITO CONSTRUCTION 24 MERCHANTS WAY SUITE 109 COLTS NECK NJ 07722 SITE DEVELOPMENT & IMPROVEMENT 1590273 PENGUIN MAINTENANCE AND SERVICES 5 PENN PLAZA 16TH FLOOR NEW YORK NY 10001 BUILDING ENGINEERING 1570899 AWT ENVIRONMENTAL SERVICES INC 32 BIRCH STEET OLD BRIDGE NJ 08857 SOIL DISPOSAL 904003 SJP PROJECT SOLUTIONS 389 INTERPACE PKWY PARSIPPANY NJ 07054 DEVELOPER PROJECT MANAGEMENT 884136 GILBANE BUILDING COMPANY 1037 RAYMOND BOULEVARD SUITE 320 NEWARK NJ 07102 ARCHITECTURE & ENGINEERING 856380 41 2466253 3088144 5941515 4151338 291152 15647250 ADMISSIONS 712110 12243253 12243253 MUSEUM PROGRAMS 712110 2922167 2922167 SCHOOL CONTRACT 712110 675000 675000 MEMBERSHIP DUES 712110 416946 416946 16257366 1733169 1733169 2865895 414482 2451413 2451413 559112 1892301 790617 684206 106411 106411 106411 80200 3088144 590670 -510470 -510470 REIMBURSEMENTS 900099 2682893 2682893 SOLAR REN. ENERGY CERT. 900099 85691 85691 PHOTO KIOSK 900099 14530 14530 1221748 1221748 4004862 39690001 16257366 559112 7226273 87735 87735 2223775 559404 951564 712807 9397915 7782075 821849 793991 511601 338961 116012 56628 1034980 725701 211440 97839 733283 449701 209426 74156 179212 25125 153467 620 78500 78500 136500 136500 39538 39538 868185 625863 186114 56208 907611 904811 2800 603656 421010 94677 87969 585589 286451 297961 1177 108645 108645 7035064 5967558 942015 125491 148380 116284 20148 11948 315605 248553 13731 53321 379695 330335 45563 3797 5974794 5198071 716975 59748 425038 304000 118603 2435 EXHIBIT RENTALS 702784 702784 BANK & CREDIT CARD FEES 378988 364104 14884 SPECIAL ACTIVITY COSTS 277908 276946 962 BAD DEBT 41942 41942 142789 129599 13190 33319712 26090216 5091361 2138135 2450539 4087315 31513556 27706687 4267943 4861925 795995 23161428 580178 870802 225563215 122321112 106829840 103242103 4827576 5227258 20500 18500 151286127 169176018 8783796 6152085 4657322 18354285 7228658 6994454 144256 140510 0 376491 20814032 32017825 X 83700215 93456266 46771880 43701927 130472095 137158193 151286127 169176018 X 6370289 330809 -15000 X 0 1 X 1 0 X 21682861 18804000 22537614 15069650 15647250 93741375 21682861 18804000 22537614 15069650 15647250 93741375 6349277 87392098 315621 1212572 2752688 3320180 3625470 11226531 266550 253103 381699 2459487 4004862 7365701 112333607 60386674 0.77800 0.78180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 266,550. 2021 AMOUNT: $ 253,103. 2022 AMOUNT: $ 381,699. 2023 AMOUNT: $ 142,380. 2024 AMOUNT: $ 1,321,969. CITY REIMBURSEMENT - 2023 AMOUNT: $ 2,317,107. 2024 AMOUNT: $ 2,682,893. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 136500 136500 0 PART II-B, LINE 1: THE ORGANIZATION ENGAGED A THIRD-PARTY GOVERNMENT RELATIONS FIRM FOR SERVICES INCLUDING ADVISORY, POLICY DEVELOPMENT, PUBLIC AFFAIRS, AND STRATEGIC CONSULTING WITH RESPECT TO LIBERTY SCIENCE CENTER'S BUSINESS INTERESTS IN NEW JERSEY, NEW JERSEY'S POLITICAL SUBDIVISIONS, AND NY/NJ BI-STATE AGENCIES. 36867092 X X X 0 5187532 559495 5747027 4575659 40000 571873 5187532 4119719 455940 4575659 4681090 -561371 4119719 3749661 931429 4681090 0.00120 0.48910 0.50970 0 0 14752525 14752525 161842515 92644846 69197669 12101083 5825310 6275773 36867092 23850956 13016136 103242103 LEASE FINANCING DEBT 376491 376491 X 41025963 330809 1005153 1335962 39690001 0 39690001 34339865 1020153 1020153 33319712 0 33319712 PART III, LINE 4: LIBERTY SCIENCE CENTER HAS TWELVE EXHIBITION GALLERIES GEARED TOWARD VISITORS OF ALL AGES. THE EXHIBITS SERVE A CRITICAL ROLE IN REALIZING THE ORGANIZATION'S MISSION TO BRING EXCITEMENT AND UNDERSTANDING OF SCIENCE AND TECHNOLOGY TO CHILDREN, FAMILIES, TEACHERS AND OTHERS BY OFFERING CREATIVE AND INTERACTIVE WAYS TO LEARN ABOUT STEM TOPICS. PART V, LINE 4: THE CENTER'S DONOR-RESTRICTED ENDOWMENT CONSISTS OF SIX INDIVIDUAL FUNDS ESTABLISHED FOR UNRESTRICTED PURPOSES. PART X, LINE 2: THE CENTER RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CENTER HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CENTER IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 590,671. EXPENSES RELATED TO RENTAL INCOME 414,482. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 590,671. EXPENSES RELATED TO RENTAL INCOME 414,482. PLEDGES WRITE-OFF 15,000. ANNUAL GALA 3168344 3088144 80200 83183 164095 245595 97797 3168344 3088144 80200 83183 164095 245595 97797 590670 -510470 1 PARTNERS IN SCIENCE STIPENDS 48 48000 HIGH SCHOOLS OF THE FUTURE STIPENDS 17 39735 PART I, LINE 2: THE ORGANIZATION OFFERS A STIPEND TO HIGH SCHOOL STUDENTS WHO PARTICIPATE IN THE "PARTNERS IN SCIENCE" PROGRAM. RECIPIENTS ARE SELECTED THROUGH AN INTERVIEW AND MUST MEET ELIGIBILITY REQUIREMENTS. THE ORGANIZATION OFFERS A STIPEND TO TEACHERS AND STUDENTS WHO PARTICIPATE IN THE BANK OF AMERICA HIGH SCHOOL OF THE FUTURE PROGRAM AS PART OF A GRANT. X X X X X 0 1 0 0 0 0 0 1 0 PAUL HOFFMAN PRESIDENT & CEO 725142 0 325000 0 2550 0 102946 0 23809 0 1179447 0 0 0 TAMOUR KOUSHA EVP, CHIEF FINANCIAL OFFICER 300305 0 50000 0 194 0 14391 0 33060 0 397950 0 0 0 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 273898 0 30000 0 2462 0 25340 0 38684 0 370384 0 0 0 IOWAKA BARBER CHIEF PEOPLE OFFICER 245774 0 30000 0 834 0 22131 0 13927 0 312666 0 0 0 LISA HAYWARD SR. DIRECTOR, INDIV. GIVING 187592 0 15346 0 727 0 17171 0 5013 0 225849 0 0 0 LIZA REICH RAWSON HEAD, EXHIBITION DEV. & DESIGN 163189 0 17325 0 2018 0 15564 0 27547 0 225643 0 0 0 IVORY WILLIAMS VP STEM EDUCATION 163391 0 17288 0 232 0 6929 0 35299 0 223139 0 0 0 PAUL MARSH VP MARKETING & COMMUNICATIONS 147397 0 15540 0 313 0 13962 0 34002 0 211214 0 0 0 KRISTINA REINTAMM SR. DIRECTOR, INSTIT. GIVING 131627 0 11467 0 99 0 7809 0 22450 0 173452 0 0 0 PART I, LINE 4B THE ORGANIZATION'S CEO, PAUL HOFFMAN, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. HE DID NOT RECEIVE A PAYMENT FROM THIS PLAN DURING THE YEAR. PART I, LINE 7 THE ORGANIZATION PROVIDED NON-FIXED PERFORMANCE BONUS PAYMENTS IN ADDITION TO SALARY ON A DISCRETIONARY BASIS TO CERTAIN EMPLOYEES, INCLUDING THOSE LISTED IN PART VII. THESE PERFORMANCE BONUS PAYMENTS WERE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN CONSIDERATION OF A VARIETY OF FACTORS INCLUDING PERFORMANCE AND RESULTS OF PERFORMANCE, CURRENT COMPENSATION AS COMPARED TO MARKET RATES, AND RESPONSIBILITIES ASSUMED OUTSIDE OF NORMAL JOB DUTIES. X 5 291152 AVG SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART III, LINE 1 LIBERTY SCIENCE CENTER (LSC) IS A MAJOR NOT-FOR-PROFIT SCIENCE CENTER DEVOTED TO STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) EDUCATION. THE CENTER'S MISSION IS TO INSPIRE THE NEXT GENERATION OF SCIENTISTS AND ENGINEERS AND TO EXCITE LEARNERS OF ALL AGES ABOUT THE POWER, PROMISE, AND PURE FUN OF SCIENCE AND TECHNOLOGY. MORE THAN 800,000 GUESTS VISIT LSC ANNUALLY INCLUDING SOME 280,000 STUDENTS AND TEACHERS. OF THOSE, MORE THAN 40 PERCENT ARE LOW-INCOME, UNDERSERVED YOUTH. LSC IS HOUSED IN A 300,000-SQUARE-FOOT FACILITY ON THE JERSEY CITY BANK OF THE HUDSON RIVER IN LIBERTY STATE PARK, NEW JERSEY, WITH DRAMATIC VIEWS OF LOWER MANHATTAN AND THE STATUE OF LIBERTY. IT OFFERS 12 EXHIBITION GALLERIES, LIVE SCIENCE PROGRAMS, 3 THEATERS INCLUDING A PLANETARIUM, AND A FULL SERVICE CAFE AND GIFT SHOP. SPECIAL WEEKEND AND HOLIDAY PROGRAMMING INCORPORATE A WIDE VARIETY OF EXCITING EXPERIENCES INCLUDING MEETING VISITING SCIENTISTS, TRYING OUT NEW TECHNOLOGY, AND EVEN ENJOYING SCIENCE-RELATED CHARACTER APPEARANCES. EDUCATORS AND STUDENTS FROM ACROSS THE NEW JERSEY-NEW YORK CITY AREA ARE A SPECIAL FOCUS. TEACHERS CAN IMPROVE THEIR SCIENCE PEDAGOGY OR SIGN STUDENTS UP FOR AWARD-WINNING ON-SITE AND OFF-SITE EDUCATION PROGRAMS. THESE INCLUDE CLASSES FOR SCIENTISTS AGES 2-5, FOCUSED K-12 FIELD TRIPS, HANDS-ON LAB WORKSHOPS, AND ELECTRONIC VIDEO-CONFERENCING THAT USHERS STUDENTS INTO SCIENCE-RICH SETTINGS IN REAL TIME SUCH AS SURGICAL SUITES. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE FORM 990 IS THEN CAREFULLY REVIEWED BY THE FINANCE DEPARTMENT. THE FINAL FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE, AUDIT, AND FACILITIES COMMITTEE OF THE BOARD OF TRUSTEES, AND THEN PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, IN PART, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSIONS OR DECISIONS ON ANY MATTER IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE ORGANIZATION DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. WHEN A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, THE CIRCUMSTANCES ARE FIRST REVIEWED INTERNALLY BY THE CEO AND CFO, AND IF FURTHER CLARIFICATION IS REQUIRED IN ORDER TO DETERMINE WHETHER A CONFLICT EXISTS, EXTERNAL LEGAL COUNSEL IS CONSULTED. ANY ADVISABLE OR NECESSARY ACTION ON A CONFLICT OF INTEREST WOULD BE REVIEWED BY, OR TAKEN OR APPROVED BY, THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD OR THE BOARD CHAIR OR CO-CHAIR OR THE CEO, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A LINE 15A: IN CONSIDERING CEO ANNUAL SALARY AND ANNUAL INCENTIVE COMPENSATION, THE LIBERTY SCIENCE CENTER (LSC) EXECUTIVE COMMITTEE (COMPRISED OF WHOLLY INDEPENDENT TRUSTEES) AND WITHOUT THE PARTICIPATION OF THE CEO, ENGAGES AN INDEPENDENT COMPENSATION FIRM (WHICH HAS A NATIONAL COMPENSATION PRACTICE WITH CONCENTRATION IN TAX EXEMPT ORGANIZATIONS, PROVIDES NO OTHER SERVICES TO LSC, AND REPORTS SOLELY TO THE LSC EXECUTIVE COMMITTEE) TO PROVIDE A DETAILED INDEPENDENT COMPENSATION ANALYSIS FOR THE LSC CEO POSITION. IN ITS CEO COMPENSATION ANALYSIS, THE INDEPENDENT COMPENSATION FIRM UTILIZES A NUMBER OF APPLICABLE COMPENSATION DATA POINTS (INCLUDING A NUMBER OF PROPRIETARY COMPENSATION SURVEYS AND FORM 990 INFORMATION) FOR THE LSC CEO POSITION AND THE PARTICULAR RESPONSIBILITIES OF THE LSC CEO (INCLUDING AS CEO OF THE LIBERTY SCIENCE CENTER ORGANIZATION AND CEO OF THE SEPARATE SCITECH SCITY DEVELOPMENT PROJECT) AND IN THE LSC GEOGRAPHICAL AREA. IN SETTING CEO ANNUAL SALARY AND ANNUAL INCENTIVE BONUS AMOUNTS, THE LSC EXECUTIVE COMMITTEE CONSIDERS THIS INDEPENDENT CEO COMPENSATION ANALYSIS, AS WELL AS THE LSC CEO POSITION AND RESPONSIBILITIES (INCLUDING THE SEPARATE CEO RESPONSIBILITIES FOR THE SCITECH SCITY DEVELOPMENT PROJECT), THE INDEPENDENCE AND EXPERTISE OF THE COMPENSATION FIRM, THE CEO'S ANNUAL PERFORMANCE AND THE CEO'S ACHIEVEMENT AGAINST PERFORMANCE OBJECTIVES, PEER GROUP APPROPRIATENESS, ANY SPECIAL ACHIEVEMENTS OF AND SPECIAL CHALLENGES FACED BY THE LSC CEO, UNIQUENESS OF RESPONSIBILITIES, OTHER COMPONENTS OF CEO COMPENSATION, AND OTHER FACTORS CONSIDERED RELEVANT OR APPLICABLE BY THE LSC EXECUTIVE COMMITTEE. FOLLOWING AND BASED ON SUCH EXECUTIVE COMMITTEE CONSIDERATION AND DISCUSSION, THE LSC EXECUTIVE COMMITTEE FORMALLY APPROVES SUCH CEO COMPENSATION AT MEETINGS WHICH A QUORUM IS PRESENT, AND FORMALLY DOCUMENTS SUCH EXECUTIVE COMMITTEE REVIEW AND APPROVAL. LINE 15B: THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS RECOMMENDED BY THE CEO AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE PROCESS IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES. FORM 990, PART XI, LINE 9: PLEDGES WRITE-OFF -15,000. SCITECH SCITY LLC 222 JERSEY CITY BLVD JERSEY CITY NJ 07305 473288450 HOLD REAL ESTATE FOR SCIENCE & TECHNOLOGY PARK NJ 552117 40087999 LIBERTY SCIENCE CENTER SCITECH SCITY INC 222 JERSEY CITY BLVD JERSEY CITY NJ 07305 863816726 CURRENTLY NO ACTIVITY NJ 501(C)(3) LINE 12A, I LIBERTY SCIENCE CENTER 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0