2024-11-12T19:11:57-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 237011544 WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS WOLF 7032551900 1645 TRAP ROAD VIENNA VA 22182 ARVIND MANOCHA PRESIDENT & CEO 7032551900 2024-11-11 1 0 AMY CHAPMAN P00843460 5712279500 2024-11-11 2023 2024-10-15 13:58:12Z ARVIND MANOCHA 1645 TRAP ROAD VIENNA VA 22182 75048902 0 X WWW.WOLFTRAP.ORG X 1968 DC TO PRESENT AND CREATE EXCELLENT AND INNOVATIVE PERFORMING ARTS PROGRAMS. 49 48 778 104 971859 251433 28315909 33927908 27849865 35038578 15490 2396551 783605 1192063 56964869 72555100 59600 75060 0 0 15314186 17210318 183628 240608 5885830 32472949 43993461 48030363 61519447 8934506 11035653 95598694 114810236 5013727 8980215 90584967 105830021 X TO PRESENT AND CREATE EXCELLENT AND INNOVATIVE PERFORMING ARTS PROGRAMS FOR THE ENRICHMENT, EDUCATION, AND ENJOYMENT OF DIVERSE AUDIENCES AND PARTICIPANTS. 0 0 43356653 0 33764963 THE FILENE CENTER VENUE IS LOCATED ON FEDERAL PROPERTY AND WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS AND THE NATIONAL PARK SERVICE PARTNER IN PROVIDING CONCERT AND PERFORMANCE PROGRAMMING WITHIN THE PARK. THE FILENE CENTER AT WOLF TRAP IS THE ONLY NATIONAL PARK DEDICATED TO PRESENTING THE PERFORMING ARTS. FROM LATE MAY TO EARLY SEPTEMBER ALMOST 380,000 PATRONS AT 67 PERFORMANCES WERE IN ATTENDANCE AT SHOWS THAT INCLUDED POP, ROCK, MUSICAL THEATER, SYMPHONY & FILM, DANCE, OPERA, AND MORE WITH AN AVERAGE TICKET PRICE OF $70. THE FILENE CENTER HAS THE SECOND LARGEST THEATRICAL STAGE IN THE COUNTRY; SEATS 7,028, NEARLY 4,000 OF WHICH ARE COVERED WITH OPEN SIDES AND VIEWS OF THE TALL TREES AND ROLLING HILLS IN THE PARK. THE REMAINDER OF THE SEATING IS UNCOVERED ON A SLOPING LAWN WHERE PATRONS CAN BRING PICNICS TO ENJOY BEFORE & DURING PERFORMANCES. THE BARNS AT WOLF TRAP PRESENTS APPROXIMATELY 84 PERFORMANCES FROM OCTOBER TO EARLY MAY AT OUR 382 SEAT INDOOR VENUE. ALMOST 30,000 PATRONS ENJOY LEGENDARY ARTISTS AND EXCITING UP-AND-COMING TALENTS IN A DIVERSE ARRAY OF MUSICAL GENRES WITH AN AVERAGE TICKET PRICE OF $48. THE THEATER WAS BUILT FROM TWO RESTORED 18TH CENTURY BARNS AND WAS A GIFT FROM OUR FOUNDER, CATHERINE FILENE SHOUSE. 4480795 49000 543744 EACH YEAR, WOLF TRAP EDUCATION DELIVERS HIGH QUALITY ARTS-LEARNING EXPERIENCES TO 95,000 CHILDREN AND ADULTS, LOCALLY, NATIONALLY, AND INTERNATIONALLY. AT THE HEART OF WOLF TRAP'S EDUCATION OUTREACH FOR MORE THAN FOUR DECADES, THE WOLF TRAP INSTITUTE FOR EARLY LEARNING THROUGH THE ARTS (INSTITUTE) IS RECOGNIZED NATIONALLY AS A MODEL FOR INCORPORATING THE PERFORMING ARTS INTO EARLY CHILDHOOD CURRICULA. CONDUCTING EARLY CHILDHOOD EDUCATION THROUGH ARTS INTEGRATION IN 28 STATES AND THE DISTRICT OF COLUMBIA, INCLUDING 25 WOLF TRAP INSTITUTE AFFILIATE SITES ACROSS THE US AND IN SINGAPORE, THE INSTITUTE PROVIDES DIRECT SERVICES TO CHILDREN BIRTH THROUGH 6 YEARS OF AGE AND MULTIPLIES ITS IMPACT THROUGH PROFESSIONAL DEVELOPMENT FOR EARLY CHILDHOOD EDUCATORS, PARENTS, AND CAREGIVERS. THE INSTITUTE SEEKS TO ADDRESS TWO PRIMARY CONCERNS: (1) THE LEARNING AND DEVELOPMENT OF CHILDREN WHO LIVE IN ECONOMICALLY DISADVANTAGED CIRCUMSTANCES; AND (2) ACCESS TO EFFECTIVE PROFESSIONAL DEVELOPMENT FOR TEACHERS WHO WORK WITH THESE CHILDREN. BY INTEGRATING PERFORMING ARTS STRATEGIES INTO EARLY CHILDHOOD STANDARDS-BASED INSTRUCTION, THE INSTITUTE ENHANCES CHILDREN'S COGNITIVE, PHYSICAL, AND SOCIAL/EMOTIONAL DEVELOPMENT, AS WELL AS LANGUAGE AND LITERACY, SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) SKILLS DEVELOPMENT. DURING THE SUMMER OF 2023, WOLF TRAP EDUCATION SERVED 16,661 CHILDREN, PARENTS, AND OTHER CAREGIVERS THROUGH WOLF TRAP CHILDREN'S THEATRE-IN-THE-WOODS (CTITW). BUILDING ON FOUR DECADES AS A BELOVED COMMUNITY INSTITUTION, THIS PROGRAM COMPRISES SEVEN WEEKS OF PERFORMANCES WITH NATIONALLY ACCLAIMED PROFESSIONAL MUSICIANS, ACTORS, AND DANCERS AT AN OUTDOOR VENUE SITUATED IN THE WOODS NEAR THE FILENE CENTER AT WOLF TRAP NATIONAL PARK FOR THE PERFORMING ARTS. THIS UNIQUE, FAMILY-FRIENDLY VENUE OFFERS THE PERFECT ENVIRONMENT FOR LIVELY ADVENTURES IN MUSIC, DANCE, THEATER, AND PUPPETRY. WOLF TRAP'S FIELD TRIP PROGRAM OFFERED FREE PERFORMANCES FOR NEARLY 2,000 STUDENTS AND TEACHERS PARTICIPATING IN THE INSTITUTE RESIDENCY PROGRAM. WOLF TRAP EDUCATION ALSO MANAGES THE ORGANIZATION'S INTERNSHIP AND APPRENTICESHIP PROGRAM, A HIGHLY COMPETITIVE PROGRAM CONSISTENTLY RANKED AMONG THE NATION'S BEST. VALUING A COMMITMENT TO DIVERSITY AND THE POWER OF THE ARTS TO CHANGE SOCIETY, WOLF TRAP BROADENS ACCESS AND ENTRY INTO THE ARTS MANAGEMENT PROFESSION BY OFFERING MULTICULTURAL AND ECONOMIC DIVERSITY INITIATIVES AS A PART OF THE INTERNSHIP AND APPRENTICESHIP PROGRAM. IN 2023, THE FOUNDATION HIRED 53 INTERNS AND APPRENTICES TO WORK IN DEPARTMENTS ACROSS THE ORGANIZATION. WOLF TRAP EDUCATION ANNUALLY ACKNOWLEDGES AND AWARDS THE WORK AND ACHIEVEMENTS OF EIGHT OUTSTANDING PERFORMING ARTS TEACHERS FROM SCHOOL DISTRICTS IN THE DC/MD/VA METRO AREA THROUGH GRANTS FOR HIGH SCHOOL PERFORMING ARTS TEACHERS. 4044516 26060 428742 WOLF TRAP OPERA (WTO), CREATED IN 1971, IS A HIGHLY REGARDED RESIDENCY PROGRAM FOR OPERA SINGERS. IT OFFERS EMERGING ARTISTS ONE OF THE BEST TRAINING AND PERFORMING EXPERIENCES IN THE NATION. OUR PRIMARY TIER OF FILENE ARTISTS HAS COMPLETED ADVANCED DEGREES AND ARE ALREADY ESTABLISHED SINGERS ON THE VERGE OF PROFESSIONAL CAREERS; STUDIO ARTISTS ARE TALENTED STUDENT SINGERS CONSIDERING A CAREER IN THE FIELD. ALUMNI HAVE GONE ON TO CAREERS PERFORMING WITH SOME OF THE LEADING OPERA COMPANIES IN THE WORLD. WTO PROVIDES BOTH CAREER GUIDANCE AND A CHANCE TO POLISH SKILLS NEEDED TO ADVANCE TO THE NEXT LEVEL AND OFFERS AN OPPORTUNITY FOR OUR NATION'S MOST TALENTED YOUNG PERFORMERS TO EXPERIENCE THE DEMANDS OF A PROFESSIONAL CAREER IN THE PERFORMING ARTS. HIGHLY ACCLAIMED PERFORMANCES ARE HELD AT BOTH THE FILENE CENTER AND THE BARNS. IN 2023, WOLF TRAP OPERA MOUNTED HIGHLY SUCCESSFUL PRODUCTIONS OF HANDEL'S SEMELE, GOUNOD'S FAUST, AND MOZART'S DON GIOVANNI. PERFORMANCES OF SEMELE AND FAUST WERE CAPTURED FOR DELAYED STREAMING. 51881964 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 381 0 778 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 49 48 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA CT DC FL MD MA NJ NY NC PA SC VA WA WV X JESSICA AYLOR 7032551900 1645 TRAP ROAD VIENNA VA 22182 ARVIND MANOCHA PRESIDENT AND CEO 40.00 X X 723476 0 25564 DANIEL A D'ANIELLO CHAIR 3.00 X X 0 0 0 JOHN E KING VICE CHAIR & SECRETARY 2.00 X X 0 0 0 MATTHEW KORN TREASURER 2.00 X X 0 0 0 ALISON TANNER DIRECTOR (UNTIL 02/23) 1.00 X 0 0 0 ALKA M KESAVAN DIRECTOR 1.00 X 0 0 0 ANDRITA ANDREAS DIRECTOR 1.00 X 0 0 0 ANNE R KLINE DIRECTOR 2.00 X 0 0 0 ANU SAXENA DIRECTOR 1.00 X 0 0 0 BRODERICK D JOHNSON DIRECTOR 1.00 X 0 0 0 BRUCE L CASWELL DIRECTOR 1.00 X 0 0 0 CE ANDREWS DIRECTOR 2.00 X 0 0 0 CHRISTINA GADRINAB DIRECTOR 1.00 X 0 0 0 CLARENCE TAYLOR DIRECTOR 1.00 X 0 0 0 DANTE DELGADO DIRECTOR 1.00 X 0 0 0 DAVID H LANGSTAFF DIRECTOR 1.00 X 0 0 0 DAVID SAMUELS DIRECTOR 1.00 X 0 0 0 DION RUDNICKI DIRECTOR 1.00 X 0 0 0 DONALD JENKINS DIRECTOR 1.00 X 0 0 0 ERIC KADEL DIRECTOR 1.00 X 0 0 0 FREDRICK SCHAUFELD DIRECTOR 1.00 X 0 0 0 GARY D MATHER DIRECTOR 1.00 X 0 0 0 HILLARY D BALTIMORE DIRECTOR (UNTIL 02/23) 1.00 X 0 0 0 JAMES C REAGAN DIRECTOR 1.00 X 0 0 0 JANET OSBORN DIRECTOR 1.00 X 0 0 0 JANICE BRANDT DIRECTOR 1.00 X 0 0 0 JEAN EDELMAN DIRECTOR 1.00 X 0 0 0 JENNIFER M LOWE DIRECTOR (UNTIL 02/23) 1.00 X 0 0 0 JEREMY BLANK DIRECTOR 1.00 X 0 0 0 JOHN B WOOD DIRECTOR 1.00 X 0 0 0 JULIAN M SETIAN DIRECTOR 1.00 X 0 0 0 KENNETH R HAYDUK DIRECTOR 2.00 X 0 0 0 KEVIN BOYLE DIRECTOR 1.00 X 0 0 0 KEVIN ROBBINS DIRECTOR 1.00 X 0 0 0 KEVIN SMITHSON DIRECTOR 2.00 X 0 0 0 LEANA KATZ DIRECTOR 1.00 X 0 0 0 LESLEY A KALAN DIRECTOR 1.00 X 0 0 0 LYNN R DILLON DIRECTOR 2.00 X 0 0 0 MARGARET GUPTA DIRECTOR 2.00 X 0 0 0 MELISSA DELGADO DIRECTOR 1.00 X 0 0 0 NANCY J LABEN DIRECTOR 1.00 X 0 0 0 PATRICE K BRICKMAN DIRECTOR 1.00 X 0 0 0 PATRICK S PACIOUS DIRECTOR 1.00 X 0 0 0 PRABU NATARAJAN DIRECTOR 1.00 X 0 0 0 RAJ ANANTHANPILLAI DIRECTOR 1.00 X 0 0 0 RICHARD BYNUM DIRECTOR 1.00 X 0 0 0 RICHARD JEANNERET DIRECTOR (UNTIL 02/23) 1.00 X 0 0 0 ROBERT G VAN HOECKE DIRECTOR 1.00 X 0 0 0 ROBERT LUTZ DIRECTOR 1.00 X 0 0 0 STEVEN DAY DIRECTOR (UNTIL 02/23) 1.00 X 0 0 0 SRIKANT SASTRY DIRECTOR 1.00 X 0 0 0 TERESA CARLSON DIRECTOR (UNTIL 02/23) 1.00 X 0 0 0 TODD SOTTLEMYER DIRECTOR 1.00 X 0 0 0 TRACY KENNY DIRECTOR 1.00 X 0 0 0 VIRGINIA MCGEHEE FRIEND DIRECTOR 1.00 X 0 0 0 BETH BRUMMEL CHIEF OPERATING OFFICER 40.00 X 362261 0 31505 STEPHEN D KAHN GENERAL COUNSEL 1.00 X 0 0 0 SARA JAFFE VP, DEV & SPECIAL EVENTS 40.00 X 273671 0 34088 SARA BEESLEY VP, PROGRAM AND PRODUCTION 40.00 X 247010 0 27846 JOANN LABRECQUE VP, COMMUNICATIONS & MRKTG 40.00 X 212278 0 23681 CHRISTOPHER ECKERT VP, OPERATIONS 40.00 X 181892 0 28311 JOHN GIAMBALVO VP, FINANCE 40.00 X 192275 0 27611 2192863 0 198606 7 0 1 0 LF JENNINGS INC 407 N WASHINGTON ST SUITE 200 FALLS CHURCH VA 22046 CONSTRUCTION 6239035 JOHN F KENNEDY CENTER FOR THE PERFORMIN PO BOX 101510 ARLINGTON VA 22210 PERFORMING ARTIST 1858780 TISBURY TOURS 360 HAMILTON AVENUE 100 WHITE PLAINS NY 10601 PERFORMING ARTIST 1850696 ALLIED ADVERTISING LIMITED PARTNERSHIP 55 CAMBRIDGE PARKWAY SUITE 200 CAMBRIDGE MA 02142 ADVERTISING 1655451 LIVE NATION WORLDWIDE INC 430 WEST 15TH STREET 5TH FL NEW YORK NY 10011 PERFORMING ARTIST 1416558 83 58202 2093013 2184010 29592683 1370671 33927908 TICKET REVENUE 711130 27473461 27473461 BOX OFFICE TICKET FEES 900099 3772476 3772476 CONCESSIONS 900099 3410364 3109235 301129 EDUCATION FEES 900099 382277 382277 35038578 2396676 2396676 343762 191503 152259 152259 304043 -151784 904724 904849 -125 -125 -125 383119 2093013 1339003 -955884 -955884 642396 58447 583949 343161 240788 FILENE CENTER FACILITY 900099 1159682 1159682 OTHER REVENUES 900099 228531 228531 ADVERTISING 541800 23526 23526 1411739 72555100 34737449 971859 2917884 X 75060 75060 1142806 571403 307314 264089 12077823 8068591 1673278 2335954 457605 332909 44180 80516 2283826 1714028 100112 469686 1248258 901699 166015 180544 129439 66844 62595 133780 133780 240608 240608 65407 65407 11347486 11036172 167765 143549 2843122 2528120 23694 291308 1639590 1219187 138093 282310 416845 193893 105025 117927 1062361 817994 94286 150081 1270944 1201288 36184 33472 1059104 796832 98068 164204 280346 280346 PERFORMANCE FEES 18188582 18185332 3250 FOOD AND BEVERAGE 1943546 1127933 99298 716315 PRODUCTION COSTS 1207379 1207379 UBI TAXES 64749 64749 2340781 1837300 91464 412017 61519447 51881964 3751653 5885830 5680327 8006440 25975796 30937698 11113336 13324067 369847 642674 144968 109794 9104 14879 33131229 16172386 16118717 16958843 35806704 43839935 379895 975906 95598694 114810236 3034407 5475239 1696984 2571353 282336 933623 5013727 8980215 X 43033180 46235043 47551787 59594978 90584967 105830021 95598694 114810236 11035653 4209401 0 X 0 1 X 1 1 1 X 27382806 30089917 24983717 28315909 33927908 144700257 27696371 1025597 9553579 27849865 35038578 101163990 778192 96022 420766 521599 682354 2498933 55857369 31211536 34958062 56687373 69648840 248363180 11692683 16672912 9357493 7694328 15628388 61045804 0 11692683 16672912 9357493 7694328 15628388 61045804 187317376 1074635 544309 474184 605642 2436395 5135165 1074635 544309 474184 605642 2436395 5135165 332370 749020 1388213 2469603 56932004 31755845 35764616 58042035 73473448 255967948 0.73180 0.75820 0.02010 0.01720 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER - 2021 AMOUNT: $ 423. 2023 AMOUNT: $ 228,531. FILLENE CENTER FACILITY FEE - 2021 AMOUNT: $ 251,035. 2022 AMOUNT: $ 742,586. 2023 AMOUNT: $ 1,159,682. OTHER REVENUES - 2021 AMOUNT: $ 80,912. 2022 AMOUNT: $ 6,434. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 455 0 0 455 0 PART II-B, LINE 1: WOLF TRAP WORKS WITH FELLOW ARTS ORGANIZATIONS TO ADVOCATE FOR FAIR TREATMENT FOR THE NONPROFIT ARTS COMMUNITY THROUGH CONTACT WITH OUR ELECTED OFFICIALS AT THE STATE, LOCAL, AND NATIONAL LEVELS. OUR ACTIVITIES INCLUDE CORRESPONDENCE, MEETINGS WITH PUBLIC OFFICIALS AND TESTIMONY AT PUBLIC HEARINGS BY WOLF TRAP BOARD OF DIRECTORS, STAFF MEMBERS, AND OTHER MEMBERS OF THE COMMUNITY WHO SUPPORT THE ARTS AND EDUCATION. 31191328 5284324 4614666 904726 40185592 33863341 1484004 -4156017 31191328 28319316 2710956 3391130 558061 33863341 25352670 703430 3372549 1109333 28319316 22100254 99701 4202474 1049759 25352670 0.40785 0.46160 0.13055 0 0 2339849 2339849 22547188 11730458 10816730 8244192 4441928 3802264 16958843 LEASE LIABILITY 933623 933623 X 78496711 4209401 208664 1588953 6007018 72489693 65407 65407 72555100 63251657 208664 1588953 1797617 61454040 65407 65407 61519447 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(2) OF THE IRC. THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY UNRELATED BUSINESS INCOME ACTIVITIES. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,339,003. RENTAL EXPENSES 191,503. COGS 58,447. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 191,503. COGS 58,447. FUNDRAISING EXPENSES 1,339,003. X X X X X X X 1 THE AVALON CONSULTING GROUP PO BOX 77818 WASHINGTON DC 20013 CONSULTS ON DIRECT MAIL CAMPAIGNS, TELEMARKETING, AND EMAIL 0 3228312 240607 2987705 3228312 240607 2987705 CA CT DC DE FL IA ID IN MA MD MT NC NE NJ NV NY PA SC SD TX UT VT WA WV WY WOLF TRAP BALL 1827209 1558125 269084 232461 13500 695645 WINE AT WOLF TRAP 275677 194769 80908 125711 53989 2 373246 340119 33127 78709 5500 133488 2476132 2093013 383119 436881 19000 883122 1339003 -955884 1 PROGRAM SERVICE GRANTS 13 49000 N/A N/A CATHERINE FILENE SHOUSE CAREER GRANTS 10 26060 N/A N/A PART I, LINE 2: WOLF TRAP EDUCATION REWARDS TEACHERS, AFFILIATES, AND ORGANIZATIONS WHO CREATE INNOVATIVE NEW PROGRAMS. APPLICANTS ARE REQUIRED TO SUBMIT DOCUMENTATION. WOLF TRAP STAFF MONITORS THE PROGRAM IMPLEMENTATION, OBSERVES THE FINAL PROJECTS, AND COMPLETES AND SUBMITS A REPORT TO FUNDERS. WOLF TRAP OPERA AWARDED CAREER DEVELOPMENT GRANTS TO TEN FILENE YOUNG ARTISTS WITH MONIES PROVIDED BY THE SHOUSE EDUCATION FUND. INDIVIDUAL GRANTS RANGED FROM BETWEEN $1,500 AND $3,500. GRANT RECIPIENTS WERE REQUIRED TO SUBMIT RECEIPTS AND A LETTER INDICATING HOW THE FUNDS WERE USED TO ADVANCE THEIR CAREER IN MUSIC BY JUNE 1, 2023. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ARVIND MANOCHA PRESIDENT AND CEO 572086 0 114000 0 37390 0 10800 0 14764 0 749040 0 0 0 BETH BRUMMEL CHIEF OPERATING OFFICER 302281 0 48000 0 11980 0 10122 0 21383 0 393766 0 0 0 SARA JAFFE VP, DEV & SPECIAL EVENTS 250809 0 22412 0 450 0 12705 0 21383 0 307759 0 0 0 SARA BEESLEY VP, PROGRAM AND PRODUCTION 224330 0 22410 0 270 0 6463 0 21383 0 274856 0 0 0 JOANN LABRECQUE VP, COMMUNICATIONS & MRKTG 193058 0 15410 0 3810 0 8917 0 14764 0 235959 0 0 0 JOHN GIAMBALVO VP, FINANCE 178679 0 12906 0 690 0 6228 0 21383 0 219886 0 0 0 CHRISTOPHER ECKERT VP, OPERATIONS 165217 0 15000 0 1675 0 6928 0 21383 0 210203 0 0 0 PART I, LINE 1A ARVIND MANOCHA'S HEALTH AND SOCIAL DUES ARE INCLUDED IN TAXABLE WAGES (FORM W-2) OF $4,200. PART I, LINE 3 THE PRESIDENT/CEO REVIEWS THE ANNUAL PERFORMANCE AND COMPENSATION OF THE COO AND KEY EMPLOYEES. ADDITIONALLY, A QUALIFIED COMPENSATION CONSULTANT HAS BEEN ENGAGED TO PROVIDE A DETAILED COMPARATIVE ANALYSIS OF COMPENSATION AT SIMILAR ORGANIZATIONS TO SUPPORT THE REASONABLENESS OF TOTAL COMPENSATION PACKAGES. X 57 1370671 PUBLISHED MARKET VALUE 0 0 1 1 PART I, LINE 32B: A THIRD PARTY BROKERAGE FIRM RECEIVES PHYSICAL DELIVERY OF ALL PUBLICLY TRADED SECURITIES INCLUDING STOCKS, BONDS AND MUTUAL FUNDS; THEY PROMPTLY SELL THE CERTIFICATES AND THE PROCEEDS ARE DEPOSITED INTO WOLF TRAP'S OPERATING BANK ACCOUNT. FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION HAS 48 OF THE 49 VOTING MEMBERS INCLUDED ABOVE AS INDEPENDENT. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING INDIVIDUALS: A. AS EX OFFICIO MEMBERS, THE CHAIRMAN OF THE BOARD OF DIRECTORS, WHO SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE, THE VICE CHAIR/SECRETARY OF THE BOARD OF DIRECTORS, THE PRESIDENT/CEO, THE TREASURER, AND GENERAL COUNSEL. B. THE CHAIRS OF EACH OF THE STANDING COMMITTEES. C. NO MORE THAN THREE ELECTED DIRECTORS (AT-LARGE MEMBERS) WHO SHALL BE APPOINTED BY THE CHAIR OF THE BOARD OF DIRECTORS, EACH FOR ONE-YEAR TERM. ONCE, IN AT LEAST FOUR MEETINGS, THE EXECUTIVE COMMITTEE SHALL MEET IN EXECUTIVE SESSIONS, WITHOUT THE PRESENCE OF ANY INDIVIDUAL WHO IS NOT A MEMBER OF THE EXECUTIVE COMMITTEE AND WITHOUT THE PRESENCE OF THE PRESIDENT/CEO, BUT WITH THE PRESENCE OF THE GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL PREPARATION OF THE 990 IS COMPLETED BY WOLF TRAP'S AUDIT FIRM AND REVIEWED BY WOLF TRAP'S VP, FINANCE. THE 990 IS THEN REVIEWED BY WOLF TRAP'S PRESIDENT/CEO AND THE CHAIR OF THE AUDIT COMMITTEE. SUBSEQUENT TO THIS REVIEW, A COPY OF THE FINAL DRAFT IS MADE AVAILABLE TO THE FULL BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED UNDER CONFLICT OF INTEREST POLICY INCLUDE ALL OFFICERS, DIRECTORS, AND EMPLOYEES. ONCE PER YEAR, OR AT TIME OF HIRE, EMPLOYEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS. AT THE MAY BOARD MEETING, ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE SAME POLICY AND DISCLOSE ANY CONFLICTS. THE EXECUTIVE OFFICE OF THE FOUNDATION MONITORS AND ENFORCES BOARD RESPONSES AND THE HR DEPARTMENT MONITORS AND ENFORCES ALL EMPLOYEE RESPONSES. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CEO'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE FOUNDATION BASED ON AN ANNUAL PERFORMANCE REVIEW OF HIS ACCOMPLISHMENTS, GOALS AND OBJECTIVES. ADDITIONALLY, A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT WAS ENGAGED TO PROVIDE A DETAILED COMPARATIVE ANALYSIS OF OTHER CEO COMPENSATION AT SIMILAR ORGANIZATIONS TO THE SUPPORT THE REASONABLENESS OF HIS TOTAL COMPENSATION PACKAGE. THE PROCESS WAS DOCUMENTED IN CONTEMPORANEOUS WRITTEN MINUTES DETAILING THE ANALYSIS AND BASIS FOR THE COMPENSATION DETERMINATION. THIS PROCESS RECENTLY TOOK PLACE IN 2023. THE PRESIDENT/CEO REVIEWS THE ANNUAL PERFORMANCE AND COMPENSATION OF THE COO AND KEY EMPLOYEES. ADDITIONALLY, A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT HAS BEEN ENGAGED TO PROVIDE A DETAILED COMPARATIVE ANALYSIS OF COMPENSATION AT SIMILAR ORGANIZATIONS TO THE SUPPORT THE REASONABLENESS OF TOTAL COMPENSATION PACKAGES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSTRUCTION: PROGRAM SERVICE EXPENSES 2,706,747. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,706,747. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 2,787,709. MANAGEMENT AND GENERAL EXPENSES 351,259. FUNDRAISING EXPENSES 87,290. TOTAL EXPENSES 3,226,258. MAILHOUSE/LIST/MEDIA SERVICES: PROGRAM SERVICE EXPENSES 125,220. MANAGEMENT AND GENERAL EXPENSES 18,912. FUNDRAISING EXPENSES 53,127. TOTAL EXPENSES 197,259. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 5,416,496. MANAGEMENT AND GENERAL EXPENSES -202,406. FUNDRAISING EXPENSES 3,132. TOTAL EXPENSES 5,217,222.