2024-11-06T14:44:31-06:00 2023-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2023-01-01 131390920 THE PERSONAL CARE PRODUCTS COUNCIL INC PERS 2023311770 555 13TH ST NW 300W WASHINGTON DC 20004 THOMAS MYERS CEO 2023311770 2024-11-06 1 0 MEREDITH BELL P01696827 8042822121 2024-11-06 2023 2024-10-15 13:58:12Z X THOMAS MYERS 555 13TH ST NW 300W WASHINGTON DC 20004 22383400 0 X WWW.PERSONALCARECOUNCIL.ORG X 1971 DC REPRESENT THE COMMON BUSINESS INTERESTS OF THE PERSONAL CARE PRODUCTS INDUSTRY. 37 37 68 51 2629 0 0 218357 16441684 17979910 1247647 1348737 2375095 2836396 20064426 22383400 81599 99966 0 0 11873993 12206606 0 0 0 8161498 9465192 20117090 21771764 -52664 611636 21839456 26454807 7796610 9228330 14042846 17226477 X TO SECURE AND PROVIDE THROUGH PCPC THE COOPERATION AND UNITED EFFORTS OF THE PERSONAL CARE PRODUCTS INDUSTRY IN ANY MATTERS RELATING TO THE WELFARE OF THE INDUSTRY, INCLUDING REPRESENTING THE INDUSTRY BEFORE FEDERAL, STATE AND LOCAL GOVERNMENTS TO MAINTAIN THE APPROPRIATE REGULATORY STATUS FOR PERSONAL CARE PRODUCTS; REPRESENTING THE INDUSTRY IN OTHER MATTERS RELATING TO ITS GENERAL WELFARE; AND SUPPORTING PRODUCT, EMPLOYEE AND ENVIRONMENTAL SAFETY THROUGH SCIENTIFIC RESEARCH. 0 0 SOUND SCIENCE/COSMETICS INGREDIENT REVIEW: PCPC PROMOTES THE INDUSTRY'S COMMITMENT TO SAFETY AND SELF-REGULATION TO ENSURE THE PROTECTION OF HUMAN HEALTH AND THE ENVIRONMENT THROUGH THE USE OF SAFE INGREDIENTS IN PERSONAL CARE PRODUCTS. PCPC'S CONSUMER COMMITMENT CODE FORMALIZES EXISTING PRODUCT SAFETY PRACTICES AND DEMONSTRATES THE INDUSTRY'S COMMITMENT TO SAFETY. THE CIR REVIEWS AVAILABLE INFORMATION ON INGREDIENTS TO DETERMINE THE SAFETY OF THOSE INGREDIENTS AS USED IN PERSONAL CARE PRODUCTS AND PUBLISHES THE CONCLUSIONS OF ITS INDEPENDENT REVIEWS. POLICY OUTREACH/LEGAL AND REGULATORY/GLOBAL ACCESS: PCPC WORKS TO ENSURE THAT ALL FEDERAL AND STATE LEGISLATION AND REGULATIONS HAVE AN APPROPRIATE FOCUS ON CONSUMER PROTECTION AND PRODUCT AVAILABILITY. PCPC SUPPORTS MEMBER COMPANIES' ACCESS TO GLOBAL MARKETS THROUGH INTERNATIONAL ADVOCACY, REGULATORY HARMONIZATION, AND MEMBER ADVISORY SERVICES. PUBLIC AFFAIRS AND COMMUNICATIONS/MEETINGS AND PUBLICATIONS: PCPC PROMOTES THE VALUE OF, NEED FOR, AND SAFETY OF THE INDUSTRY'S PRODUCTS AND OFFERS A VARIETY OF PRODUCTS AND SERVICES TO MEET THE CONTINUING INFORMATIONAL NEEDS OF ITS MEMBERS AND CONSUMERS. 0 1 0 1 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 63 0 1 68 1 1 1 0 0 0 0 0 1 0 X 37 37 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 DC X MEGAN SMITH 2023311770 555 13TH ST NW 300W WASHINGTON DC 20004 BARBARA MENARGUEZ CHAIR 0.50 0.50 X X 0 0 0 MARK LOOMIS VICE-CHAIR 0.10 0.10 X X 0 0 0 DAVID GREENBERG VICE-CHAIR 0.10 0.10 X X 0 0 0 DEBORAH GIBBINS TREASURER 0.10 0.10 X X 0 0 0 FREDDY BHARUCHA VICE-PRESIDENT 0.10 0.10 X X 0 0 0 KEECH COMBE SHETTY DIRECTOR 0.10 0.10 X 0 0 0 ESI EGGLESTON BRACEY DIRECTOR 0.10 0.10 X 0 0 0 ANOUCHAH SANEI DIRECTOR 0.10 0.00 X 0 0 0 DAVID DIBERNARDINO DIRECTOR 0.10 0.10 X 0 0 0 GEORGE SCHAEFFER DIRECTOR 0.10 0.00 X 0 0 0 GREG ADAMSON DIRECTOR 0.10 0.00 X 0 0 0 CHRISTOPHER CHOI DIRECTOR 0.10 0.00 X 0 0 0 LIONEL UZAN DIRECTOR 0.10 0.00 X 0 0 0 ESPE TROYANO DIRECTOR 0.10 0.00 X 0 0 0 SERGIO LEITE DIRECTOR 0.10 0.00 X 0 0 0 KELLY MOLINARI DIRECTOR 0.10 0.00 X 0 0 0 CHRIS PAYNE DIRECTOR 0.10 0.00 X 0 0 0 STACEY RAMSTEDT DIRECTOR 0.10 0.00 X 0 0 0 JULIEN BOUZITAT DIRECTOR 0.10 0.00 X 0 0 0 KATIE WILLIAMS DIRECTOR 0.10 0.10 X 0 0 0 BRIAN HEINDL DIRECTOR 0.10 0.00 X 0 0 0 ANNA KLEIN DIRECTOR 0.10 0.00 X 0 0 0 THOMAS BAUDRY DIRECTOR 0.10 0.10 X 0 0 0 PASCAL BERTHE DIRECTOR 0.10 0.00 X 0 0 0 PAOLA BEVCAR DIRECTOR 0.10 0.00 X 0 0 0 DEBBIE ERICKSON DIRECTOR 0.10 0.10 X 0 0 0 MICHELLE FREYRE DIRECTOR 0.10 0.00 X 0 0 0 STEVE GETTINGS DIRECTOR 0.10 0.00 X 0 0 0 ENRICO GILBERTI DIRECTOR 0.10 0.00 X 0 0 0 HELEN NETHERCUTT DIRECTOR 0.10 0.10 X 0 0 0 YANNIS RODOCANACHI DIRECTOR 0.10 0.00 X 0 0 0 HARMAN SINGH DIRECTOR 0.10 0.00 X 0 0 0 DALIA STODDARD DIRECTOR 0.10 0.00 X 0 0 0 PATRIZIA BARONE DIRECTOR 0.10 0.00 X 0 0 0 KERRY BLISSETT DIRECTOR 0.10 0.00 X 0 0 0 GERALYN BREIG DIRECTOR 0.10 0.10 X 0 0 0 JOEL BURDICK DIRECTOR 0.10 0.00 X 0 0 0 CHRISTOPHR CALHOUN DIRECTOR 0.10 0.00 X 0 0 0 KATHLEEN EDGAR DIRECTOR 0.10 0.00 X 0 0 0 MONIQUE FORREST DIRECTOR 0.10 0.00 X 0 0 0 RON GEE DIRECTOR 0.10 0.00 X 0 0 0 MICHELLE WANG GOODRIDGE DIRECTOR 0.10 0.10 X 0 0 0 ANDREA MONDONI DIRECTOR 0.10 0.00 X 0 0 0 RUSMIR NIKSIC DIRECTOR 0.10 0.00 X 0 0 0 CLAUDINE PATEL DIRECTOR 0.10 0.00 X 0 0 0 STEVE CAGLE DIRECTOR 0.10 0.00 X 0 0 0 LEZLEE WESTINE CEO 40.00 0.00 X 1390845 0 48610 MARK POLLAK COO 40.00 0.00 X 560230 0 65082 MEGAN SMITH CFO 40.00 0.00 X 398245 0 70045 FRANCINE LAMORIELLO EVP, GLOBAL STRATEGIES 40.00 0.00 X 537541 0 48535 ALEX KOWCZ EVP, SCIENCE AND CSO 40.00 0.00 X 465002 0 65336 LISA POWERS EVP, PUBLIC AFFAIRS/COMM 40.00 0.00 X 431942 0 60732 TOM MYERS EVP, LEGAL/GEN COUNSEL 40.00 0.00 X 415858 0 73087 BART HELDRETH EXECUTIVE DIRECTOR, CIR 40.00 0.00 X 245886 0 55951 KARIN ROSS EVP, GOV'T AFFAIRS 40.00 0.00 X 349777 0 57855 MALLIKA VASTARE VP, GOV'T AFFAIRS 40.00 0.00 X 215767 0 30441 PATRICK CHERESTAL DIRECTOR, IT 40.00 0.00 X 209581 0 34780 KIM NORMAN SR. DIRECTOR, TOXICOLOGY 40.00 0.00 X 208750 0 34922 NATALIE OBERMANN VP, GLOBAL STRATEGIES 40.00 0.00 X 205841 0 33277 KELSEY JOHNSON VP, STATE GOV'T AFFAIRS 40.00 0.00 X 202117 0 32899 5837382 0 711552 35 0 1 0 INTEGRAL CONSULTING 719 2ND AVENUE SUITE 700 SEATTLE WA 98104 SCIENCE CONSULTING 1028079 COVINGTON & BURLING 1 CITY CENTER 850 TENTH ST NW WASHINGTON DC 20001 LEGAL SERVICES/CONSULTING 846378 RUSSELL REYNOLDS ASSOCIATES 1700 NEW YORK AVE NW SUITE 400 WASHINGTON DC 20006 EXECUTIVE SEARCH 376482 CLARIDAD COMMUNICATIONS LLC 401 E DEL RAY AVE ALEXANDRIA VA 22301 PUBLIC AFFAIRS CONSULTING 360866 DLA PIPER 500 8TH ST NW WASHINGTON DC 20004 LEGAL SERVICES/CONSULTING 332863 9 218357 218357 218357 MEMBERSHIP DUES 900099 15171324 15171324 PUBLICATIONS 541800 2181246 2178617 2629 MEETINGS & CONFERENCES 900099 627340 627340 17979910 1348737 1348737 67916 67916 INTERESTED PARTY 900099 1353778 1353778 FREE SALE CERTIFICATES 900099 801883 801883 APPLICATION FEES 900099 611807 611807 1012 1012 2768480 22383400 20745761 2629 1416653 99966 5150799 5444731 548354 427868 634854 611154 52952 1401417 109344 1883929 28150 191609 908816 820789 438624 660690 361152 242762 SCIENTIFIC INGREDIENT R 970307 EXPERT PANEL FEES 394425 DUES/SUBSCRIPTIONS 184207 FREE SALE CERTIFICATES 128299 76566 21771764 400 285 357047 364058 63388 36352 254779 183951 2770518 2010405 926790 760113 17943872 24457725 2293180 652323 21839456 26454807 3678648 3713902 2587108 4922175 1530854 592253 7796610 9228330 X 14042846 17226477 14042846 17226477 21839456 26454807 X 611636 1349779 1222216 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 15171324 3039033 -2673561 365472 4247971 -3882499 7463351 7463351 11194098 465100 -3678082 517765 7463351 10396511 815690 886358 904461 11194098 10726751 789978 445203 1565422 10396510 10885214 293658 1685973 2138094 10726751 0 0 1408914 1341823 67091 1312160 619138 693022 49444 49444 0 760113 ACCRUED TAXES 78872 OTHER PAYABLES 25271 LEASE LIABILITY 488110 592253 24846051 1349779 1222216 2571995 22274056 109344 109344 22383400 21662420 0 21662420 109344 109344 21771764 PART V, LINE 4: PRIOR TO 2023, PCPC'S BOARD OF DIRECTORS HAD AUTHORIZED THAT ANY FISCAL YEAR'S EXCESS REVENUE OVER EXPENSES BE DESIGNATED FOR THE SUCCEEDING YEARS' EXPENSES. ACCORDINGLY, AT YEAR END, ANY EXCESS IS TRANSFERRED TO THE BOARD DESIGNATED FUND. IN OCTOBER 2023, THE BOARD OF DIRECTORS APPROVED A RESOLUTION TO TERMINATE THE DESIGNATED FUND. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN MINIMUM PENSION LIABILITY 1,222,216. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONSULTING 14653 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONSULTING/TRANSLATION 65898 NORTH AMERICA 0 0 PROGRAM SERVICES CONSULTING/CONFERENCE 215898 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCE WITH INTERNATIONAL PARTNERS 3024 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCE 677 0 0 0 0 0 0 300150 0 300150 0 0 0 0 0 0 0 MADAM CJ WALKER INSTITUTE FOR WOMEN OF COLOR ENTREPRENEURS 600 THIRD AVE 42ND FL NEW YORK NY 10016 830896909 501(C)(3) 10000 0 PROGRAM SUPPORT CENTER FOR ORGANIZATIONAL RESEARCH AND EDUCATION 1090 VERMONT AVE NW SUITE 800 WASHINGTON DC 20005 260006579 501(C)(3) 6000 0 PROGRAM SUPPORT 2 0 X X 1 1 X X X 0 0 0 LEZLEE WESTINE CEO 950692 0 350000 0 90153 0 38100 0 15797 0 1444742 0 0 0 MARK POLLAK COO 455600 0 41000 0 63630 0 38100 0 31975 0 630305 0 0 0 FRANCINE LAMORIELLO EVP, GLOBAL STRATEGIES 459382 0 45000 0 33159 0 38100 0 12951 0 588592 0 0 0 ALEX KOWCZ EVP, SCIENCE AND CSO 407550 0 41000 0 16452 0 38100 0 32229 0 535331 0 0 0 LISA POWERS EVP, PUBLIC AFFAIRS/COMM 370616 0 37000 0 24326 0 38100 0 25464 0 495506 0 0 0 TOM MYERS EVP, LEGAL/GEN COUNSEL 362563 0 37000 0 16295 0 38100 0 36974 0 490932 0 0 0 MEGAN SMITH CFO 354578 0 36000 0 7667 0 38100 0 35084 0 471429 0 0 0 KARIN ROSS EVP, GOV'T AFFAIRS 312856 0 32000 0 4921 0 33733 0 29409 0 412919 0 0 0 BART HELDRETH EXECUTIVE DIRECTOR, CIR 237517 0 7300 0 1069 0 21506 0 36425 0 303817 0 0 0 MALLIKA VASTARE VP, GOV'T AFFAIRS 204956 0 10000 0 811 0 18706 0 14192 0 248665 0 0 0 PATRICK CHERESTAL DIRECTOR, IT 201185 0 6000 0 2396 0 24270 0 12340 0 246191 0 0 0 KIM NORMAN SR. DIRECTOR, TOXICOLOGY 202367 0 5500 0 883 0 24412 0 12350 0 245512 0 0 0 NATALIE OBERMANN VP, GLOBAL STRATEGIES 199758 0 5200 0 883 0 22767 0 12320 0 240928 0 0 0 KELSEY JOHNSON VP, STATE GOV'T AFFAIRS 201234 0 0 0 883 0 19889 0 14861 0 236867 0 0 0 PART I, LINE 1A FIRST CLASS/BUSINESS CLASS IS PERMITTED ON RAIL TRAVEL AND INTERNATIONAL FLIGHTS. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS- THE COUNCIL DISTRIBUTES SMALL DENOMINATION HOLIDAY GIFT CARDS TO STAFF AT ALL LEVELS AND REPORTS THOSE GIFT CARDS ON THE STAFF PERSON'S W-2. OCCASIONALLY, OTHER SMALL GIFTS ARE RECORDED ON THE STAFF PERSON'S W-2. X COSMETICS 9 208321 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A SOME OF THE MEMBERS OF THE BOARD OF DIRECTORS ARE THE HEADS OF COMMITTEES, AND DO NOT HAVE VOTING RIGHTS FOR MATTERS COMING BEFORE THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 PCPC IS ORGANIZED AS A NOT-FOR-PROFIT ASSOCIATION. ITS MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION'S MEMBERS ELECT THE OFFICERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND LEGAL COUNSEL OF THE PERSONAL CARE PRODUCTS COUNCIL IN CONJUNCTION WITH THE OUTSIDE ACCOUNTING FIRM. TO ADDRESS THE ISSUE OF THE PRACTICALITY OF A FULL BOARD REVIEW OF THE 990S, THE TREASURER WILL RECEIVE DRAFT COPIES OF THE 990S, REVIEW THEM, AND APPROVE THEM FOR ISSUANCE. THIS REVIEW WILL TAKE PLACE IN A TIME FRAME THAT WILL ALLOW THE 990S TO BE FILED BY THE APPLICABLE FILING DATE. A REPORT WILL BE MADE TO THE BOARD AT ITS NEXT MEETING THAT THE REVIEW AND APPROVAL OF THE 990S TOOK PLACE, AND THAT THEY HAVE BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL DIRECTORS, OFFICERS, AND SENIOR STAFF EMPLOYEES WILL RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY TOGETHER WITH A CONFLICT OF INTEREST STATEMENT OF DISCLOSURE, WHICH SHALL BE COMPLETED AT LEAST ANNUALLY. EACH NEW DIRECTOR, OFFICER, AND SENIOR STAFF EMPLOYEE SHALL PARTICIPATE IN A SIMILAR PROCEDURE IMMEDIATELY UPON ASSUMPTION OF HIS OR HER RESPONSIBILITIES. DIRECTORS: ANY MEMBER OF THE BOARD OF DIRECTORS WHO MAY BE INVOLVED IN A PCPC BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST SHALL PROMPTLY NOTIFY THE PRESIDENT OR THE GENERAL COUNSEL. THE BOARD MEMBER SHALL REFRAIN FROM VOTING ON ANY SUCH TRANSACTION, PARTICIPATING IN DELIBERATIONS CONCERNING IT, OR USING PERSONAL INFLUENCE IN ANY WAY IN THE MATTER. THE BOARD MEMBER'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE QUORUM FOR ANY VOTE WITH RESPECT TO A PCPC BUSINESS TRANSACTION IN WHICH HE OR SHE HAS A POSSIBLE CONFLICT OF INTEREST. THE BOARD MEMBER, OR THE CHAIRMAN IN THE DIRECTOR'S ABSENCE, SHALL DISCLOSE A POSSIBLE CONFLICT OF INTEREST TO THE OTHER MEMBERS OF THE BOARD BEFORE ANY VOTE ON A PCPC BUSINESS TRANSACTION AND SUCH DISCLOSURE SHALL BE RECORDED IN THE BOARD MINUTES OF THE MEETING AT WHICH IT IS MADE. ANY PCPC BUSINESS TRANSACTION WHICH INVOLVES A POSSIBLE CONFLICT OF INTEREST WITH A MEMBER OF THE BOARD OF DIRECTORS SHALL HAVE TERMS THAT ARE AT LEAST AS FAIR AND REASONABLE TO PCPC AS THOSE THAT WOULD OTHERWISE BE AVAILABLE TO PCPC IF IT WERE DEALING WITH AN UNRELATED PARTY. STAFF: ANY SENIOR STAFF MEMBER WHO MAY BE INVOLVED IN A PCPC BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST SHALL PROMPTLY REPORT THE POSSIBLE CONFLICT TO THE PRESIDENT OR GENERAL COUNSEL. IF THE POSSIBLE CONFLICT INVOLVES THE PRESIDENT, THE POSSIBLE CONFLICT SHALL BE REPORTED TO THE CHAIRMAN OF THE BOARD BY THE PRESIDENT. THE PRESIDENT, OR WHERE APPLICABLE THE CHAIRMAN, AFTER RECEIVING INFORMATION ABOUT A POSSIBLE CONFLICT OF INTEREST, SHALL TAKE SUCH ACTION AS IS NECESSARY TO ASSURE THAT THE TRANSACTION IS COMPLETED IN THE BEST INTEREST OF THE ASSOCIATION WITHOUT THE SUBSTANTIVE INVOLVEMENT OF THE PERSON WHO HAS THE POSSIBLE CONFLICT OF INTEREST. THIS DOES NOT MEAN THAT THE PURCHASE OR OTHER TRANSACTION MUST NECESSARILY BE DIVERTED, BUT SIMPLY THAT PERSONS OTHER THAN THE ONE WITH THE POSSIBLE CONFLICT SHALL MAKE THE JUDGMENTS INVOLVED AND SHALL CONTROL THE TRANSACTION. A WRITTEN RECORD OF ANY REPORT OF POSSIBLE CONFLICT AND OF ANY ADJUSTMENTS MADE TO AVOID POSSIBLE CONFLICTS OF INTEREST SHALL BE KEPT BY THE PRESIDENT OR THE GENERAL COUNSEL. ANY DISPUTED ACTION WITH RESPECT TO THIS POLICY SHALL BE RESOLVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE & AUDIT COMMITTEE (THE "COMMITTEE") OF THE BOARD OF DIRECTORS ASSISTS THE BOARD IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO PCPC'S COMPENSATION OF STAFF. SPECIFICALLY, THIS INCLUDES DETERMINING PCPC'S COMPENSATION PHILOSOPHY AND DETERMINATION AND APPROVAL OF THE CEO'S COMPENSATION. WITHIN THE COMPENSATION PHILOSOPHY AND SYSTEM APPROVED BY THE COMMITTEE, THE CEO IS SOLELY RESPONSIBLE FOR ADMINISTERING THE COMPENSATION SYSTEM FOR ALL PCPC EMPLOYEES OTHER THAN THE CEO. THE COMMITTEE, HOWEVER, WILL REVIEW AND APPROVE THE COMPENSATION OF OTHER EXECUTIVE (NON-CEO) STAFF TO CONFIRM THAT PAY LEVELS ARE WITHIN MARKET PRACTICE AND PCPC'S COMPENSATION PHILOSOPHY. ANNUAL PERFORMANCE OBJECTIVES ARE DEVELOPED AS A BASIS FOR ASSESSING THE CEO'S ANNUAL PERFORMANCE AND FOR COMPENSATION REWARDS AT YEAR-END. THE PERFORMANCE OBJECTIVES ARE LINKED TO PCPC'S ANNUAL GOALS AND OBJECTIVES. THEY COMBINE SUBSTANTIVE (E.G., POLICY/GOVERNMENTAL) OBJECTIVES WITH MEASURES OF INTERNAL EFFECTIVENESS (FOR EXAMPLE, MEMBERSHIP AND PERFORMANCE AGAINST BUDGET). THEY ARE WRITTEN TO BE AS CONCRETE AND NUMERICAL AS POSSIBLE. THE CHAIRMAN OF THE BOARD, WITH INVOLVEMENT OF MEMBERS OF THE FINANCE & AUDIT OR EXECUTIVE COMMITTEES AS APPROPRIATE, REVIEWS AND APPROVES THESE OBJECTIVES. AT YEAR-END, THE FINANCE & AUDIT COMMITTEE CONDUCTS A PERFORMANCE REVIEW OF THE CEO TO DETERMINE THE EXTENT TO WHICH THE ANNUAL PERFORMANCE OBJECTIVES HAVE BEEN MET. THE COMMITTEE MAY SEEK INPUT FROM OTHER MEMBERS OF THE BOARD REGARDING THE CEO'S PERFORMANCE. BASED ON THE PERFORMANCE REVIEW OF THE CEO, THE COMMITTEE WILL DETERMINE THE LEVEL OF INCENTIVE COMPENSATION TO BE AWARDED TO THE CEO FOR THE PREVIOUS YEAR'S PERFORMANCE. THE COMMITTEE WILL ALSO DETERMINE THE BASE SALARY INCREASE FOR THE CEO FOR THE COMING YEAR. IN MAKING THIS DETERMINATION, THE COMMITTEE WILL CONSIDER THE CEO'S CURRENT AND HISTORICAL PERFORMANCE, AS WELL AS RELEVANT MARKET DATA. THE COMMITTEE WILL REVIEW THE CEO'S COMPENSATION DECISIONS REGARDING OTHER EXECUTIVE STAFF TO CONFIRM THAT THEY ARE IN KEEPING WITH PCPC'S COMPENSATION PHILOSOPHY AND CURRENT MARKET PRACTICE. THE CEO'S COMPENSATION DECISIONS ARE BASED ON THE EXECUTIVES' ANNUAL PERFORMANCE AGAINST THEIR PERFORMANCE OBJECTIVES, WHICH HAVE BEEN APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 PCPC ONLY MAKES THE 990S AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. PCPC WILL MAKE GOVERNING DOCUMENTS, POLICIES, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO MEMBERS IF REQUESTED. FORM 990, PART XI, LINE 9: CHANGE IN MINIMUM PENSION LIABILITY 1,222,216. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. PCPC'S FEDERAL PAC 555 13TH STREET NW SUITE 300W WASHINGTON DC 20004 571193100 FEDERAL PAC DC 527 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 PCPC'S STATE PAC 555 13TH STREET NW SUITE 300W WASHINGTON DC 20004 540836354 STATE PAC CA 527 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 PCPC'S STATE PAC 555 13TH STREET NW SUITE 300W WASHINGTON DC 20004 141747878 STATE PAC NY 527 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 PERSONAL CARE PRODUCTS COUNCIL-FOUNDATION DBA LGFB FOUNDATION 555 13TH STREET NW SUITE 300W WASHINGTON DC 20004 521523017 CANCER PATIENTS EDUCATION DC 501(C)(3) LINE 7 THE PERSONAL CARE PRODUCTS COUNCIL INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 PERSONAL CARE PRODUCTS COUNCIL FOUNDATION N 126247 ACTUAL COSTS PERSONAL CARE PRODUCTS COUNCIL FOUNDATION O 131530 ACTUAL COST PLUS BENEFIT REC'D PERSONAL CARE PRODUCTS COUNCIL FOUNDATION Q 984276 ACTUAL REIMBURSEMENT RECEIVED