2024-11-06T13:33:51-06:00 2024-03-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2023-04-01 133118415 STATUE OF LIBERTY ELLIS ISLAND FOUNDATIO FOUNDATION INC STAT 2125614500 17 BATTERY PLACE 324 NEW YORK NY 10004 RENEE WOOD CFAO & SECRETARY 2125614500 2024-11-06 1 0 LYNNE JOHNSON P00757336 2123721000 2023 2024-10-15 13:58:12Z JESSE BRACKENBURY 17 BATTERY PLACE 324 NEW YORK NY 10004 40353986 0 X WWW.STATUEOFLIBERTY.ORG X 1981 DE SEE SCHEDULE O 24 23 42 81 0 0 3301898 18466973 11179105 12661584 670103 2008733 300965 376912 15452071 33514202 0 0 0 0 2947642 3192974 207549 258086 2232567 11555519 14475457 14710710 17926517 741361 15587685 74881554 100609248 1609443 3772212 73272111 96837036 X THE STATUE OF LIBERTY-ELLIS ISLAND FOUNDATION IS A NON-PROFIT THAT COLLABORATES WITH THE NATIONAL PARK SERVICE IN ONE OF AMERICA'S MOST SUCCESSFUL PUBLIC-PRIVATE PARTNERSHIPS. IN 1982, PRESIDENT RONALD REAGAN ASKED LEE IACOCCA TO RAISE PRIVATE FUNDS FOR THE HISTORIC RESTORATION OF THE STATUE OF LIBERTY AND ELLIS ISLAND. THE FOUNDATION HAS ALSO CREATED THE ELLIS ISLAND NATIONAL MUSEUM OF IMMIGRATION, DEVELOPED THE FREE 65-MILLION-RECORD ELLIS ISLAND PASSENGER DATABASE, CONSTRUCTED THE STATUE OF LIBERTY MUSEUM, MAINTAINED MUSEUM EXHIBITS, AND FUNDED OVER 200 ADDITIONAL PROJECTS ON THE ISLANDS. THE FOUNDATION'S MISSION IS:TO RESTORE AND PRESERVE THE STATUE OF LIBERTY NATIONAL MONUMENT, WHICH INCLUDES ELLIS ISLAND; CUSTODY AND CONTROL OF RECORDS AND OTHER ARTIFACTS OF HISTORIC INTEREST RELATED TO THE STATUE OF LIBERTY AND THE MILLIONS OF IMMIGRANTS WHO ENTERED THE UNITED STATES THROUGH THE PORT OF NEW YORK AND ELLIS ISLAND AS WELL AS ALL IMMIGRATION TO THE UNITED (SEE CONTINUATION) 0 0 6972880 ELLIS MUSEUM PROJECT: THE FOUNDATION HAS BEEN WORKING WITH THE NATIONAL PARK SERVICE TO REIMAGINE THE 34-YEAR-OLD MUSEUM FOR THE 21ST CENTURY. THE PROJECT WILL PRESERVE THE 125-YEAR-OLD HISTORIC LANDMARK, ENHANCE ITS EXHIBITS, AND TELL A MORE VIBRANT STORY OF IMMIGRATION IN A BUILDING THAT ONCE PROCESSED 12 MILLION IMMIGRANTS. IN ADDITION TO PERFORMING ESSENTIAL BUILDING AND SYSTEMS UPGRADES, THE NON-PROFIT FOUNDATION WILL REIMAGINE INSTALLATIONS FOR A MORE INTERACTIVE EXPERIENCE, SHOWCASE THE MUSEUM'S HISTORIC ARCHITECTURE, AND IMPROVE ACCESSIBILITY THROUGHOUT ITS 137,000 SQUARE FEET. TAKEN TOGETHER, THESE ENHANCEMENTS WILL OFFER THE MUSEUM'S TWO MILLION ANNUAL VISITORS A MORE COMPELLING AND COMPREHENSIVE EXPERIENCE INSIDE A MODERNIZED AND MORE IMMERSIVE MUSEUM. CONSTRUCTION BEGAN IN MARCH 2024; THE MUSEUM WILL 4308155 12346064 SELF-GUIDED/AUDIO TOUR: UNDER AN AGREEMENT WITH THE NATIONAL PARK SERVICE, THE FOUNDATION OPERATES A SELF-GUIDED/AUDIO TOUR PROGRAM WITH CONTENT COVERING LIBERTY ISLAND AND THE ELLIS ISLAND MUSEUM. THE AUDIO TOUR IS AVAILABLE IN 12 LANGUAGES, AS WELL AS AN ASL AND AUDIO DESCRIPTOR TOUR. REVENUES GENERATED BY THESE TOURS ARE AVAILABLE FOR PROJECTS JOINTLY AGREED TO BY THE STATUE OF LIBERTY-ELLIS ISLAND FOUNDATION AND THE NATIONAL PARK SERVICE. IN FISCAL YEAR 2024, AUDIO TOURS WERE AVAILABLE TO THE APPROXIMATELY 3.6 MILLION VISITORS TO LIBERTY AND ELLIS ISLANDS. 867122 ELLIS WALL OF HONOR EXPANSION: FOR MORE THAN 30 YEARS, THE AMERICAN IMMIGRANT WALL OF HONOR HAS BEEN A UNIQUE AND LASTING MONUMENT CELEBRATING COUNTLESS IMMIGRANT STORIES. VIRTUALLY EVERY NATIONALITY FROM EVERY INHABITED CONTINENT CAN BE FOUND ON THE WALL OF HONOR, ALONGSIDE THOSE WHO ENDURED FORCED MIGRATION FROM SLAVERY AND OUR LAND'S EARLIEST SETTLERS. IN RESPONSE TO CONTINUED INTEREST IN THE WALL OF HONOR, THE FOUNDATION IS EXPANDING THE MONUMENT TO ADD SPACE FOR MANY MORE INDIVIDUALS AND FAMILIES TO COMMEMORATE THEIR FAMILY'S IMMIGRANT HISTORY. 664768 673430 THE AMERICAN FAMILY IMMIGRATION HISTORY CENTER (AFIHC) AT ELLIS ISLAND WELCOMES TENS OF THOUSANDS OF VISITORS ANNUALLY. FOUNDATION STAFF OPERATE THE FAMILY HISTORY CENTER, WELCOMING VISITORS TO SEARCH FOR THEIR FAMILY'S RECORDS. THE FOUNDATION'S 65-MILLION-RECORD ELECTRONIC DATABASE CONTAINS THE ARRIVAL RECORDS OF IMMIGRANTS, PASSENGERS, AND CREW MEMBERS WHO ENTERED THE UNITED STATES THROUGH THE PORT OF NEW YORK/ELLIS ISLAND BETWEEN 1820-1957.THE DATABASE, WHICH IS MANAGED BY THE FOUNDATION, IS ALSO AVAILABLE FOR FREE AT WWW.LIBERTYELLISFOUNDATION.ORG. REVENUES ARE GENERATED BY RESERVATION FEES FOR TERMINALS AT THE CENTER, AS WELL AS SALES FROM HISTORICAL DOCUMENTS AND OTHER MISSION-RELATED PRODUCTS ON THE WEB AND AT THE CENTER. 431185 PUBLIC AWARENESS, EDUCATION, AND PROGRAMMING: THE FOUNDATION SEEKS TO INFORM EXTERNAL AUDIENCES ABOUT THE STATUE OF LIBERTY, ELLIS ISLAND, AND THE FOUNDATION'S MISSION AND INITIATIVES. THE FOUNDATION WORKS CLOSELY WITH THE NATIONAL PARK SERVICE ON MEDIA RELATIONS AND IS ACTIVE ON SOCIAL MEDIA ON FACEBOOK, YOUTUBE, X, INSTAGRAM, YOUTUBE, AND LINKEDIN. THE FOUNDATION CURATES AND DEVELOPS VIRTUAL EXPERIENCES THAT ENSURE OUR ABILITY TO CONTINUE CULTIVATING NEW AUDIENCES WHILE ALSO PROVIDING FREE EDUCATIONAL CONTENT TO BENEFIT TEACHERS, STUDENTS, AND THE GENERAL PUBLIC. MATERIALS INCLUDE INFORMATIVE VIDEOS ABOUT THE ELLIS ISLAND IMMIGRANT EXPERIENCE, FAMILY HISTORY RESEARCH TOOLS, TIPS FOR CAPTURING ORAL HISTORIES, AR AND VR EXPERIENCES, AND MORE. ENLISTING SUBJECT-AREA EXPERTS FROM OUR OWN STAFF, HISTORY ADVISORY COMMITTEE, AND THIRD PARTIES, THE FOUNDATION HOSTS EDUCATIONAL PRESENTATIONS (IN PERSON AND VIRTUAL) RELEVANT TO THE MONUMENTS' HISTORIES AND IMMIGRANT EXPERIENCES. THE FOUNDATION PARTNERS FOR SELECT PROGRAMMING, SUCH AS WITH EARTHCAM TO PROVIDE VIEWS OF LADY LIBERTY AND LIBERTY ISLAND AND HOLLAND AMERICA LINES TO COMMEMORATE THE COMPANY'S SIGNIFICANT ROLE IN ELLIS ISLAND HISTORY. 258548 LIBERTY MUSEUM CARE: TO SUPPORT THE NATIONAL PARK SERVICE, FOUNDATION STAFF CARE FOR THE ONGOING MAINTENANCE OF TECHNOLOGY-RELATED EXHIBITS, WHICH INCLUDE THE IMMERSIVE THEATER WITH THREE ENORMOUS SCREENS, THE POPULAR INTERACTIVE BECOMING LIBERTY EXHIBIT, AND THE LIBERTY STAR VIDEO TERMINALS. 221134 STATUE OF LIBERTY MUSEUM PROJECT: THE FOUNDATION DESIGNED AND BUILT A NEW LEED-CERTIFIED, FREESTANDING MUSEUM ON LIBERTY ISLAND, WHICH OPENED ON MAY 16, 2019. BEFORE THE OPENING OF THE NEW MUSEUM, LESS THAN 20% OF LIBERTY ISLAND VISITORS COULD EXPERIENCE THE EXHIBITS THAT WERE LOCATED IN THE STATUE'S PEDESTAL DUE TO RESTRICTED ACCESS, BUT NOW ALL VISITORS CAN ENJOY THE MUSEUM, WITHOUT THE NEED FOR ADDITIONAL ADVANCED RESERVATIONS OR TICKETS. THIS BEAUTIFUL NEW DESTINATION ON LIBERTY ISLAND HAS GIVEN ALL VISITORS A MORE MEANINGFUL EXPERIENCE AND DEEPER UNDERSTANDING OF LADY LIBERTY'S HISTORY AND ONGOING SIGNIFICANCE. IN FISCAL YEAR 2024, CONTRACTED RESPONSIBILITIES AND PUNCH LIST ITEMS WERE FINALIZED, AND THE PROJECT WAS CLOSED OUT. 92798 ELLIS EXHIBIT CARE: TO SUPPORT THE NATIONAL PARK SERVICE, FOUNDATION STAFF CARE FOR THE ONGOING MAINTENANCE OF TECHNOLOGY-RELATED EXHIBITS IN THE ELLIS ISLAND MUSEUM. THESE INCLUDE INTERACTIVE EXHIBITS, A/V, AND TOUCHSCREENS. 1668433 673430 13816590 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT VA WV WI X X RENEE WOOD 2125614500 17 BATTERY PLACE 324 NEW YORK NY 10004 X JESSE BRACKENBURY DIR/PRES/CEO 40.00 X X 365353 0 64958 TONY ALVAREZ II DIRECTOR 1.00 X 0 0 0 ALBERT BELLAS DIRECTOR 1.00 X 0 0 0 MIGUEL BEZOS DIRECTOR 1.00 X 0 0 0 STEPHEN BRIGANTI DIRECTOR/PRESIDENT EMERITUS 1.00 X 0 0 0 MICHAEL DONOVAN DIRECTOR 1.00 X 0 0 0 EMILIO ESTEFAN DIRECTOR 1.00 X 0 0 0 MASSIMO FERRAGAMO DIRECTOR 1.00 X 0 0 0 TINA SANTI FLAHERTY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER FORBES DIRECTOR 1.00 X 0 0 0 HENRY LOUIS GATES JR DIRECTOR 1.00 X 0 0 0 KAREN JURGENSEN DIRECTOR 1.00 X 0 0 0 BRUCE KELLER DIRECTOR 1.00 X 0 0 0 PETER LEHRER DIRECTOR 1.00 X 0 0 0 JOSIE NATORI DIRECTOR 1.00 X 0 0 0 MICHAEL O'BANNON DIRECTOR 1.00 X 0 0 0 LISA SHALETT DIRECTOR 1.00 X 0 0 0 SHARATH SHARMA DIRECTOR (FROM 10/26/23) 1.00 X 0 0 0 DEBORAH SIMON DIRECTOR 1.00 X 0 0 0 TIMOTHY SWEENEY DIRECTOR 1.00 X 0 0 0 ANDREW TISCH DIRECTOR 1.00 X 0 0 0 PAUL VERKUIL DIRECTOR 1.00 X 0 0 0 PAUL WEAVER DIRECTOR (UNTIL 10/26/23) 1.00 X 0 0 0 JEFFREY GURAL TREASURER 1.00 X X 0 0 0 LUIS UBINAS CHAIRMAN 2.00 X X 0 0 0 THOMAS TOLENTINO SENIOR VP & COO 40.00 X 227444 0 44136 RENEE WOOD CFAO & SECRETARY 40.00 X 180281 0 52386 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 40.00 X 213073 0 17733 SUZANNE MANNION DIRECTOR OF PUBLIC AFFAIRS 40.00 X 141769 0 12832 SHERRENETTE TINAPUNAN DIRECTOR OF SOFTWARE DEV & DATABASE MGMT 40.00 X 119875 0 30698 DIANE TOLAND PROJECT DIRECTOR 40.00 X 108122 0 41953 ANDREA BLAIR SAMUEL CHIEF TECHNOLOGY OFFICER (FROM 5/22/23) 40.00 X 110980 0 16422 MONICA ACQUAVIVA DIR OF IT INFRASTRUCTURE & MUSEUM EXHIBITS 40.00 X 103005 0 19195 1569902 0 300313 9 0 1 0 RALPH APPLEBAUM 88 PINE STREET NEW YORK NY 10005 MUSEUM DESIGN SERVICES 3135316 ACOUSTIGUIDE 555 8TH AVE SUITE 1009 NEW YORK NY 10018 AUDIO TOUR SERVICES 2537930 PHELPS CONSTRUCTION 315 WOOTTON STREET BOONTON NJ 07005 CONSTRUCTION SERVICES 1592039 HIGHLAND ASSOCIATES 102 HIGHLAND AVENUE CLARKS SUMMIT PA 18411 MUSEUM ENGINEERING & ARCHITECTURE SERVIC 905274 ONE SOURCE PRODUCTION 38590 BETTIS DRIVE HAMILTON VA 20158 FULFILLMENT SERVICES 395661 14 18466973 18466973 SELF-GUIDED/AUDIO TOUR OPERATION 713990 12346064 12346064 HISTORY CENTER OPERATIONS 713990 315520 315520 12661584 2066902 2066902 6747944 6806113 -58169 -58169 -58169 391581 33671 357910 357910 FEDERAL EXCISE TAX REFUND 900099 19002 19002 19002 33514202 13019494 0 2027735 X 1365953 303773 576323 485857 1387766 674421 455032 258313 58082 39662 14796 3624 164960 93154 62205 9601 216213 86079 78712 51422 7605 7605 69389 69389 258086 258086 95000 95000 12437987 11964158 48508 425321 179257 144052 22182 13023 335457 76098 74422 184937 346341 140451 78406 127484 208197 38784 135661 33752 33498 1873 3348 28277 16878 790 13618 2470 129747 30628 75214 23905 132950 28760 66939 37251 DIRECT MAILING SERVICES 277364 277364 EVENTS DIRECT EXPENSES 205787 193907 11880 17926517 13816590 1877360 2232567 3438618 2856308 600604 4525354 667286 911784 32618 31579 251724 406811 3072127 2678688 287886 393439 55090414 73082107 14476404 17868223 36000 533643 74881554 100609248 1609443 2911913 334000 0 526299 1609443 3772212 X 64645874 72044546 8626237 24792490 73272111 96837036 74881554 100609248 15587685 7977240 0 X 0 1 X 1 0 X 6002186 3477853 9731128 3301898 18466973 40980038 6002186 3477853 9731128 3301898 18466973 40980038 16940587 24039451 71112 521300 554263 1106837 2066902 4320414 7632 26747 79567 113946 411 12892 19002 32305 45446703 47026944 0.52900 0.61580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41886276 6762724 3235000 95000 45319000 45504708 -1568432 1965000 85000 41886276 44851959 1737749 1000000 85000 45504708 33357989 12578970 1000000 85000 44851959 38653322 -4206054 1000000 89279 33357989 1.00000 0 0 15378 3845 11533 351040 311086 39954 2705709 2363757 341952 393439 PARTNERSHIP INVESTMENTS 17868223 F 17868223 OPERATING LEASE LIABILITY 526299 526299 X 41511636 7977240 100525 8077765 33433871 95000 -14669 80331 33514202 17946711 100525 14669 115194 17831517 95000 95000 17926517 PART V, LINE 4: THE FOUNDATION HAS BOARD DESIGNATED FUNDS. THESE FUNDS INCLUDE BOTH (I) MONIES SOLICITED AND COLLECTED OVER THE LIFE OF THE FOUNDATION (DATING BACK TO ITS FOUNDING), REFLECTING THE EFFORTS OF THE FOUNDATION TO SUPPORT THE RESTORATION AND PRESERVATION OF THE STATUTE OF LIBERTY NATIONAL MONUMENT, INCLUDING THE REHABILITATION AND PRESERVATION TASKS ON ELLIS ISLAND, AND (II) MONIES RAISED FOR THE PEOPLING OF AMERICA PROGRAM. THE INVESTED FUNDS' PRIMARY OBJECTIVE IS TO PROVIDE AN ANNUAL EARNINGS CASH FLOW TO ASSIST IN COVERING THE COSTS OF ITEMS RELATED TO IMPROVING OR MAINTAINING THE VISITORS' EXPERIENCE AT LIBERTY AND ELLIS ISLANDS. PART X, LINE 2: INCOME TAXES: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION, AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT), IF APPLICABLE. THERE WAS NO UBIT EXPENSE FOR THE YEAR ENDED MARCH 31, 2024 AND 2023. MANAGEMENT EVALUATED THE TAX POSITIONS FOR THE FOUNDATION AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN INCOME TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -33,671. FEDERAL EXCISE TAX REFUND 19,002. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 33,671. FEDERAL EXCISE TAX REFUND -19,002. PART XI, LINE 4B AND PART XII, LINE 2D: COST OF GOODS SOLD RELATED TO THE FOUNDATION'S MISSION ARE REPORTED AS PROGRAM EXPENSES ON THE AUDITED FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 14274954 0 0 0 0 0 0 14274954 0 14274954 1 0 1 1 0 0 X X X X X X 1 MKDM 612 EAST JEFFERSON STREET 2ND FLOO CHARLOTTESVILLE VA 22902 DIRECT RESPONSE CONSULTING 0 0 258086 -258086 258086 -258086 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WI WY X X X X X 0 1 0 0 0 0 0 0 0 JESSE BRACKENBURY DIR/PRES/CEO 365353 0 0 0 0 0 23372 0 41586 0 430311 0 0 0 THOMAS TOLENTINO SENIOR VP & COO 227444 0 0 0 0 0 14635 0 29501 0 271580 0 0 0 RENEE WOOD CFAO & SECRETARY 180281 0 0 0 0 0 9019 0 43367 0 232667 0 0 0 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 213073 0 0 0 0 0 13353 0 4380 0 230806 0 0 0 SUZANNE MANNION DIRECTOR OF PUBLIC AFFAIRS 141769 0 0 0 0 0 8989 0 3843 0 154601 0 0 0 SHERRENETTE TINAPUNAN DIRECTOR OF SOFTWARE DEV & DATABASE 119875 0 0 0 0 0 7678 0 23020 0 150573 0 0 0 DIANE TOLAND PROJECT DIRECTOR 108122 0 0 0 0 0 7423 0 34530 0 150075 0 0 0 PART I, LINE 4B THE FORMER PRESIDENT & CEO, STEPHEN BRIGANTI, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE RETIREMENT BENEFIT WAS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS AFTER CONSULTING WITH ITS LEGAL AND FINANCIAL ADVISORS. THE BENEFITS WERE REPORTED PREVIOUSLY WHEN VESTED ON FORM 990, SCHEDULE J, PART II, COLUMN (B)(III). PAYOUT OF THESE RETIREMENT BENEFITS BEGAN AFTER BRIGANTI'S LAST DAY OF EMPLOYMENT IN APRIL 2021. FORM 990, PART I, LINE 1, ORGANIZATION MISSION: THE STATUE OF LIBERTY-ELLIS ISLAND FOUNDATION IS A NON-PROFIT THAT COLLABORATES WITH THE NATIONAL PARK SERVICE IN ONE OF AMERICA'S MOST SUCCESSFUL PUBLIC-PRIVATE PARTNERSHIPS. IN 1982, PRESIDENT RONALD REAGAN ASKED LEE IACOCCA TO RAISE PRIVATE FUNDS FOR THE HISTORIC RESTORATION OF THE STATUE OF LIBERTY AND ELLIS ISLAND. THE FOUNDATION HAS ALSO CREATED THE ELLIS ISLAND NATIONAL MUSEUM OF IMMIGRATION, DEVELOPED THE FREE 65-MILLION-RECORD ELLIS ISLAND PASSENGER DATABASE, CONSTRUCTED THE STATUE OF LIBERTY MUSEUM, MAINTAINED MUSEUM EXHIBITS, AND FUNDED OVER 200 ADDITIONAL PROJECTS ON THE ISLANDS. THE FOUNDATION'S MISSION IS: TO RESTORE AND PRESERVE THE STATUE OF LIBERTY NATIONAL MONUMENT, WHICH INCLUDES ELLIS ISLAND; CUSTODY AND CONTROL OF RECORDS AND OTHER ARTIFACTS OF HISTORIC INTEREST RELATED TO THE STATUE OF LIBERTY AND THE MILLIONS OF IMMIGRANTS WHO ENTERED THE UNITED STATES THROUGH THE PORT OF NEW YORK AND ELLIS ISLAND AS WELL AS ALL IMMIGRATION TO THE UNITED STATES; TO FOSTER, PROMOTE AND STIMULATE PUBLIC KNOWLEDGE OF AND INTEREST IN THE HISTORY OF THE STATUE OF LIBERTY AND ELLIS ISLAND. THE NATIONAL PARK SERVICE (NPS), A UNIT OF THE UNITED STATES DEPARTMENT OF THE INTERIOR, OPERATES THE STATUE OF LIBERTY NATIONAL MONUMENT AND ELLIS ISLAND. THE FOUNDATION OVERSEES AND EXECUTES WORK UNDER NPS DIRECTION. FORM 990, PART III, LINE 1, (CONTINUATION) STATES; TO FOSTER, PROMOTE AND STIMULATE PUBLIC KNOWLEDGE OF AND INTEREST IN THE HISTORY OF THE STATUE OF LIBERTY AND ELLIS ISLAND. THE NATIONAL PARK SERVICE (NPS), A UNIT OF THE UNITED STATES DEPARTMENT OF THE INTERIOR, OPERATES THE STATUE OF LIBERTY NATIONAL MONUMENT AND ELLIS ISLAND. THE FOUNDATION OVERSEES AND EXECUTES WORK UNDER NPS DIRECTION. FORM 990, PART III, LINE 4A, (CONTINUATION) REMAIN OPEN WHILE WORK OCCURS IN PHASES OVER THE NEXT 2+ YEARS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ACCOMPANYING SCHEDULES ARE PREPARED BY THE FOUNDATION'S ACCOUNTING FIRM, AFTER WHICH THEY ARE REVIEWED BY FOUNDATION MANAGEMENT AND AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. UPON COMPLETION OF THE INITIAL REVIEW PROCESS, THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS. IT IS THEN FILED WITH THE IRS AND POSTED ON THE FOUNDATION'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS OF THE FOUNDATION ARE GOVERNED BY THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE IN WRITING, ON AN ANNUAL BASIS, THE EXISTENCE OF ANY POTENTIAL CONFLICTS OF INTEREST. ALL POTENTIAL CONFLICTS OF INTEREST ARE REQUIRED TO BE BROUGHT TO THE ATTENTION OF THE CHAIRPERSON OF THE BOARD OF DIRECTORS AS WELL AS THE CHAIRPERSON OF THE AUDIT COMMITTEE FOR DETERMINATION OF WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. NO DIRECTOR SHALL VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST. PURSUANT TO THE POLICY, IN THE EVENT A CONTRACT IS PROPOSED FOR APPROVAL BY THE BOARD IN WHICH A DIRECTOR, OFFICER, STAFF MEMBER OR THEIR RELATIVES, OR AN ORGANIZATION WITH WHICH SUCH PERSONS ARE ASSOCIATED, IS A POTENTIAL CONTRACTOR, REGARDLESS OF AMOUNT, THE BOARD OR A COMMITTEE DESIGNATED BY THE BOARD WILL REVIEW THE CONTRACT AND WILL RECOMMEND THAT THE CORPORATION EXECUTE OR NOT EXECUTE THE CONTRACT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE FOUNDATION HAS BEEN PERIODICALLY REVIEWED WITH THE ASSISTANCE OF OUTSIDE ADVISORS AND WITH THE APPROVAL OF THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. DISCUSSIONS RELATED TO AND THE APPROVAL OF THE COMPENSATION HAVE BEEN DOCUMENTED. IN FEBRUARY 2023, A STUDY ON COMPENSATION OF ALL STAFF, INCLUDING THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, WAS COMPLETED BY AN INDEPENDENT COMPENSATION CONSULTANT THAT REPORTED DIRECTLY TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNANCE MATERIALS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AT WWW.STATUEOFLIBERTY.ORG/GOVERNANCE. THESE INCLUDE THE FOUNDATION'S MISSION, A LIST OF THE BOARD OF DIRECTORS, AND THE THREE MOST RECENT 990S. ANY OTHER GOVERNANCE RELATED DOCUMENTS ARE AVAILABLE UPON REQUEST VIA CONTACTUS@STATUEOFLIBERTY.ORG. FORM 990, PART VII, SECTION A, LINE 1A: FOR TRANSPARENCY PURPOSES, THE ORGANIZATION REPORTS ALL BENEFITS IN FULL IN PART VII, COLUMN F AND DOES NOT APPLY THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART IX, LINE 11G CONSTRUCTION CONTRACTORS: PROGRAM SERVICE EXPENSES 1,996,119. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,996,119. AUDIO TOUR FEE: PROGRAM SERVICE EXPENSES 1,753,289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,753,289. AUDIO TOUR CONTRACTOR: PROGRAM SERVICE EXPENSES 2,554,866. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,554,866. ARCHITECTURAL FEES: PROGRAM SERVICE EXPENSES 985,386. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 985,386. DESIGN FEES: PROGRAM SERVICE EXPENSES 1,145,632. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,145,632. EXHIBITRY FABRICATION: PROGRAM SERVICE EXPENSES 176,672. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 176,672. PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 284,845. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 284,845. CONTENT PRODUCTION: PROGRAM SERVICE EXPENSES 1,700,249. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,700,249. FUNDRAISING SYSTEM: PROGRAM SERVICE EXPENSES 15,000. MANAGEMENT AND GENERAL EXPENSES 15,000. FUNDRAISING EXPENSES 128,464. TOTAL EXPENSES 158,464. OFFICE CLEANING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,212. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,212. FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 168,761. MANAGEMENT AND GENERAL EXPENSES 11,253. FUNDRAISING EXPENSES 273,514. TOTAL EXPENSES 453,528. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 20,818. MANAGEMENT AND GENERAL EXPENSES 13,043. FUNDRAISING EXPENSES 7,101. TOTAL EXPENSES 40,962. MEDIA PRODUCTION: PROGRAM SERVICE EXPENSES 342,332. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,138. TOTAL EXPENSES 343,470. WALL OF HONOR ENGRAVING AND INSTALLATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 15,104. TOTAL EXPENSES 15,104. AUDIO VISUAL: PROGRAM SERVICE EXPENSES 747,672. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 747,672. PROJECT PROBING PROGRAM: PROGRAM SERVICE EXPENSES 72,517. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,517.