2023-05-15T18:33:30-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-07-01 222302253 LIBERTY SCIENCE CENTER LIBE 2012001000 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 TAMOUR KOUSHA CHIEF FINANCIAL OFFICER 2012001000 2023-05-15 1 TAMOUR KOUSHA 999009999 GARRETT M HIGGINS P00543209 2122862600 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PAUL HOFFMAN 222 JERSEY CITY BOULEVARD JERSEY CITY NJ 07305 30995805 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. 23 23 127 37 99681 0 21682861 18804000 5006497 9155018 292111 322246 195771 1028752 27177240 29310016 19000 0 0 0 8214165 9210324 0 0 1622068 13709113 14758603 21942278 23968927 5234962 5341089 127014347 130660221 16998487 16118124 110015860 114542097 X SEE SCHEDULE O 0 0 18252507 0 9155018 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. 0 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. 18252507 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 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 45 0 127 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY X X X TAMOUR KOUSHA CFO 2012531265 222 JERSEY CITY BLVD JERSEY CITY NJ 07305 PAUL HOFFMAN PRESIDENT & CEO 70.00 0.00 X 864510 0 122036 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 60.00 0.00 X 246790 0 57811 TAMOUR KOUSHA EVP, CHIEF FINANCIAL OFFICER 60.00 0.00 X 271994 0 32091 IOWAKA BARBER CHIEF PEOPLE OFFICER 60.00 0.00 X 217388 0 29287 AMANDA CUNNINGHAM CHIEF OPERATING OFFICER (THRU FEB 2022) 60.00 0.00 X 214030 0 24504 IVORY WILLIAMS VP STEM EDUCATION 50.00 0.00 X 143079 0 37436 LIZA REICH RAWSON HEAD - EXHIBITION DEV. & DESIGN 50.00 0.00 X 136747 0 40260 LISA HAYWARD SR. DIRECTOR, INDIV. GIVING 50.00 0.00 X 146479 0 17417 PAUL MARSH VP MARKETING & COMMUNICATIONS 50.00 0.00 X 138096 0 22986 MELISSA HALILI DIRECTOR, MEMBERSHIP 50.00 0.00 X 115882 0 39794 DAVID BARRY CO-CHAIR 2.00 0.00 X X 0 0 0 STEVEN R HOWE JR CO-CHAIR 2.00 0.00 X X 0 0 0 SHERI BRONSTEIN VICE-CHAIR 2.00 0.00 X X 0 0 0 ALMA DEMETROPOLIS VICE CHAIR 2.00 0.00 X X 0 0 0 LAURA OVERDECK VICE CHAIR 2.00 0.00 X X 0 0 0 BRUCE L LEVY TREASURER/SECRETARY 2.00 0.00 X X 0 0 0 JOSH S WESTON CHAIRMAN EMERITUS 2.00 0.00 X X 0 0 0 CHRISTOPHER S BOERNER TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER A CHALSTY TRUSTEE 1.00 0.00 X 0 0 0 DAVID DALY TRUSTEE (THRU OCT 2021) 1.00 0.00 X 0 0 0 MICHAEL DEMARCO TRUSTEE (THRU JUN 26, 2022) 1.00 0.00 X 0 0 0 ROBERT J HARIRI TRUSTEE 1.00 0.00 X 0 0 0 RICHARD M HODOSH TRUSTEE 1.00 0.00 X 0 0 0 RALPH IZZO TRUSTEE 1.00 0.00 X 0 0 0 SAM KHICHI TRUSTEE 1.00 0.00 X 0 0 0 BOB LOCKETT TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY MANDLER TRUSTEE 1.00 0.00 X 0 0 0 W NEVINS MCCANN JD TRUSTEE 1.00 0.00 X 0 0 0 SUSAN MUSTOKOFF AKSELRAD TRUSTEE 1.00 0.00 X 0 0 0 CHIRAG PATEL TRUSTEE 1.00 0.00 X 0 0 0 MARC O PAVESE TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY T SKIADAS TRUSTEE 1.00 0.00 X 0 0 0 VIJAY SWARUP TRUSTEE 1.00 0.00 X 0 0 0 JANET TRUNCALE TRUSTEE 1.00 0.00 X 0 0 0 GREG TUSAR TRUSTEE 1.00 0.00 X 0 0 0 LINDA WILLETT TRUSTEE (THRU OCT 2021) 1.00 0.00 X 0 0 0 2494995 0 423622 13 0 1 0 ART GUILD 300 WOLF DRIVE WEST DEPTFORD NJ 08086 EXHIBIT DESIGN 1234484 ISS FACILITY SERVICES 81 DORSA AVENUE LIVINGSTON NJ 07039 BUILDING ENGINEERS 1154007 HLW INTERNATIONAL ARCHITECTURE AND ENGIN 122 MAIN STREET MADISON NJ 07940 ARCHITECTURE / ENGINEERING 807405 CONCRETE OUDEZIJDS ARCHTERBURGWAL 78A 1012 AMSTERDAM NL DESIGN SERVICES 446807 BALA CSI CONSULTING ENGINEERS PLLC 443 SOUTH GULPH ROAD KING OF PRUSSIA PA 19406 BUILDING DESIGN 415496 26 1722369 2962212 10383706 3735713 1852684 18804000 ADMISSIONS 712110 6672815 6672815 SCHOOL CONTRACT 712110 1350000 1350000 MUSEUM PROGRAMS 712110 881313 881313 MEMBERSHIP DUES 712110 250890 250890 9155018 141083 141083 1221706 50536 1171170 1171170 99681 1071489 1331095 1149932 181163 181163 181163 89800 2962212 485321 -395521 -395521 SOLAR REN. ENERGY CERT. 900099 186266 186266 VENDING MACHINE 900099 21836 21836 INSURANCE CLAIM PMTS 900099 16709 16709 28292 28292 253103 29310016 9155018 99681 1251317 2078584 714742 777088 586754 5642692 4434612 602771 605309 208966 99031 91406 18529 757977 386290 300857 70830 522105 256304 204526 61275 90580 9961 80310 309 97775 97775 126000 126000 32195 32195 879811 549059 273937 56815 320689 320689 568394 405149 84486 78759 273224 150661 118473 4090 80287 80287 4445684 3838290 549041 58353 63205 48631 5869 8705 67746 55077 5161 7508 350157 304636 42019 3502 5900058 5133050 708007 59001 380374 269404 108683 2287 EXHIBIT RENTALS 781762 781762 BANK & CREDIT CARD FEES 223771 212117 11654 0 SPECIAL ACTIVITY COSTS 76891 76755 94 42 23968927 18252507 4094352 1622068 9128873 12230617 26232942 25380723 4460456 2975383 117967 310104 401437 801301 191380959 106335302 82034295 85045657 4621377 3897436 17000 19000 127014347 130660221 2829287 4714870 1453019 1405079 8139353 7848275 149900 149900 4426928 2000000 16998487 16118124 X 65979192 74063952 44036668 40478145 110015860 114542097 127014347 130660221 5341089 -814852 0 X X 0 1 X 1 1 1 X 22088393 16462972 18801572 21682861 18804000 97839798 22088393 16462972 18801572 21682861 18804000 97839798 9477602 88362196 1712978 1810755 884899 315621 1212572 5936825 371842 363609 409887 266550 253103 1664991 105441614 49049278 0.83800 0.80850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 371,842. 2018 AMOUNT: $ 363,609. 2019 AMOUNT: $ 409,887. 2020 AMOUNT: $ 266,550. 2021 AMOUNT: $ 253,103. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 126000 126000 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. 31053023 X X X 0 4681090 -561371 4119719 3749661 931429 4681090 3753311 -3650 3749661 3548553 204758 3753311 3230741 317812 3548553 0.00170 0.67260 0.32570 0 0 17850000 17850000 129150204 83473392 45676812 7627547 3483802 4143745 36753208 19378108 17375100 85045657 PAYCHECK PROTECTION PROGRAM LOAN 2000000 2000000 X 30131021 -814852 1100000 535857 821005 29310016 0 29310016 25604784 1100000 535857 1635857 23968927 0 23968927 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 GENERAL 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 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 485,321. EXPENSES RELATED TO RENTAL INCOME 50,536. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 485,321. EXPENSES RELATED TO RENTAL INCOME 50,536. GENIUS GALA 3052012 2962212 89800 183461 124824 73625 103411 3052012 2962212 89800 183461 124824 73625 103411 485321 -395521 X X X X X 0 1 0 0 0 0 0 1 0 PAUL HOFFMAN PRESIDENT & CEO 604108 0 255000 0 5402 0 98589 0 23447 0 986546 0 0 0 CHRISTINE ARNOLD-SCHROEDER VP EXTERNAL AFFAIRS 228218 0 15000 0 3572 0 21766 0 36045 0 304601 0 0 0 TAMOUR KOUSHA EVP, CHIEF FINANCIAL OFFICER 230677 0 40000 0 1317 0 12057 0 20034 0 304085 0 0 0 IOWAKA BARBER CHIEF PEOPLE OFFICER 195583 0 20000 0 1805 0 17755 0 11532 0 246675 0 0 0 AMANDA CUNNINGHAM CHIEF OPERATING OFFICER (THRU FEB 2022) 193104 0 20000 0 926 0 5924 0 18580 0 238534 0 0 0 IVORY WILLIAMS VP STEM EDUCATION 136743 0 5800 0 536 0 2738 0 34698 0 180515 0 0 0 LIZA REICH RAWSON HEAD - EXHIBITION DEV. & DESIGN 130030 0 5440 0 1277 0 12722 0 27538 0 177007 0 0 0 LISA HAYWARD SR. DIRECTOR, INDIV. GIVING 140544 0 5520 0 415 0 12909 0 4508 0 163896 0 0 0 PAUL MARSH VP MARKETING & COMMUNICATIONS 132241 0 5200 0 655 0 11226 0 11760 0 161082 0 0 0 MELISSA HALILI DIRECTOR, MEMBERSHIP 110823 0 4600 0 459 0 10756 0 29038 0 155676 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 II AND ON FORM 990, 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 1 1235010 APPRAISAL X 3 617674 AVG SELLING PRICE 1 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 750,000 GUESTS VISIT LSC ANNUALLY INCLUDING SOME 280,000 STUDENTS AND TEACHERS. OF THOSE, MORE THAN 40 PERCENT ARE LOW-INCOME, UNDERSERVED YOUTH (PRE-COVID FIGURES). 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 VIDEOCONFERENCING 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 ORGANIZATION 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 HE OR SHE HAS 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 CONLICT OF INTEREST IS REVIEWED BY, OR TAKEN AND 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 15 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. 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, GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. 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 222 JERSEY CITY BOULEVARD, JERSEY CITY, NJ 07305 AND ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE OF THE BOARD OF TRUSTEES THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCITECH SCITY LLC 222 JERSEY CITY BLVD JERSEY CITY NJ 07305 473288450 HOLD REAL ESTATE FOR SCIENCE & TECHNOLOGY PARK NJ 265000 22738426 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 0 0 0 0 0 0