2023-10-31T10:28:35-05:00 2023-03-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2022-04-01 133118415 STATUE OF LIBERTY ELLIS ISLAND FOUNDATION INC STAT 2125614500 17 BATTERY PLACE 324 NEW YORK NY 10004 RENEE WOOD CFAO & SECRETARY 2125614500 2023-10-30 1 RENEE WOOD XXX-XX-XXXX 0 LYNNE JOHNSON P00757336 2123721000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JESSE BRACKENBURY 17 BATTERY PLACE 324 NEW YORK NY 10004 18549272 0 X WWW.STATUEOFLIBERTY.ORG X 1981 DE SEE SCHEDULE O 24 23 36 111 0 0 9731128 3301898 6210056 11179105 3215905 670103 272270 300965 19429359 15452071 0 0 0 0 2749583 2947642 103800 207549 1844617 7060856 11555519 9914239 14710710 9515120 741361 76306569 74881554 1239652 1609443 75066917 73272111 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 3896063 10886245 SELF-GUIDED/AUDIO TOUR: UNDER AN AGREEMENT WITH THE NATIONAL PARK SERVICE, THE FOUNDATION IS AUTHORIZED TO OPERATE 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 2023, AUDIO TOURS WERE AVAILABLE TO THE APPROXIMATELY 3.3 MILLION VISITORS TO LIBERTY AND ELLIS ISLANDS. 3398959 ELLIS MUSEUM PROJECT: THE ORIGINAL EXHIBITRY AT THIS MUSEUM IS MORE THAN 30 YEARS OLD. THE FOUNDATION IS WORKING WITH THE NATIONAL PARK SERVICE TO REIMAGINE THE MUSEUM FOR THE 21ST CENTURY. THE FOUNDATION LOOKS TO MAINTAIN THE MUSEUM'S EXCEPTIONAL STORYTELLING, WHILE DEEPENING THE EXPERIENCE FOR THE CONTEMPORARY VISITOR. 1657581 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; WHILE THE WALL IS CURRENTLY FULL, SOON THERE WILL BE ROOM FOR MANY MORE INDIVIDUALS AND FAMILIES TO COMMEMORATE THEIR FAMILY'S IMMIGRANT HISTORY. 935569 593825 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. IN FISCAL YEAR 2023, THE WEBSITE RECEIVED 16.3 MILLION PAGE VIEWS AND 11.1 MILLION UNIQUE VISITORS. 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. 509722 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 INCREASINGLY ACTIVE ON SOCIAL MEDIA WITH SOME 123,000 FOLLOWERS ON FACEBOOK, YOUTUBE, TWITTER, INSTAGRAM, 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, AUGMENTED REALITY AND VIRTUAL REALITY 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. 190051 LIBERTY MUSEUM CARE: SINCE THE OPENING OF THE MUSEUM IN 2019, 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. 139763 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. 103163 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. 1878268 593825 10830871 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 15 0 1 36 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 1 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 354357 0 47250 TONY ALVAREZ II DIRECTOR (FROM 6/16/22) 1.00 X 0 0 0 ALBERT BELLAS DIRECTOR 1.00 X 0 0 0 MIGUEL BEZOS DIRECTOR (FROM 10/27/22) 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 (FROM 6/16/22) 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 DIANE VON FURSTENBERG DIRECTOR (UNTIL 10/27/22) 1.00 X 0 0 0 PAUL WEAVER DIRECTOR 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 220782 0 47532 RENEE WOOD CFAO & SECRETARY 40.00 X 168116 0 11698 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 40.00 X 196902 0 16118 SUZANNE MANNION DIRECTOR OF PUBLIC AFFAIRS 40.00 X 139440 0 11318 DIANE TOLAND PROJECT DIRECTOR 40.00 X 104745 0 39755 SHERRENETTE TINAPUNAN DIRECTOR OF SOFTWARE DEV & DATABASE MGMT 40.00 X 109249 0 27828 SHARI RHIAN DONOR SERVICES MANAGER (UNTIL 8/24/22) 40.00 X 111776 0 15488 1405367 0 216987 8 0 1 0 ACOUSTIGUIDE 555 8TH AVE SUITE 1009 NEW YORK NY 10018 AUDIO TOUR SERVICES 2107599 RALPH APPLEBAUM 88 PINE STREET NEW YORK NY 10005 MUSEUM DESIGN SERVICES 1622487 PHELPS CONSTRUCTION 315 WOOTTON STREET BOONTON NJ 07005 CONSTRUCTION SERVICES 1075579 ONE SOURCE PRODUCTION 38590 BETTIS DRIVE HAMILTON VA 20158 FULFILLMENT SERVICES 542072 HIGHLAND ASSOCIATES 102 HIGHLAND AVENUE CLARKS SUMMIT PA 18411 MUSEUM ENGINEERING & ARCHITECTURE SERVIC 267786 11 25431 3276467 4818 3301898 SELF-GUIDED/AUDIO TOUR OPERATION 713990 10886245 10886245 HISTORY CENTER OPERATIONS 713990 292860 292860 11179105 1106837 1106837 2569712 2688039 318407 -118327 -318407 -436734 -436734 391720 90755 300965 300965 15452071 11480070 0 670103 X 1115296 219213 713280 182803 1271712 857852 216458 197402 105193 45000 43967 16226 263672 126745 118656 18271 191769 81200 80205 30364 42141 42141 97200 97200 207549 207549 85000 85000 9172676 8850230 105916 216530 9398 650 390 8358 279855 189703 76387 13765 385941 122552 89561 173828 329986 84742 170070 75174 11705 1052 8669 1984 12645 400 10945 1300 218667 71564 98532 48571 91444 28946 47845 14653 DIRECT MAIL 462039 462039 POSTAGE, DELIVERY & SHI 175800 175800 EVENTS DIRECT EXPENSES 151022 151022 FEDERAL EXCISE TAX 30000 30000 14710710 10830871 2035222 1844617 6576980 3438618 1057324 600604 501912 667286 80131 32618 289384 251724 2836827 2548941 585476 287886 53109057 55090414 14070312 14476404 35993 36000 76306569 74881554 1239652 1609443 1239652 1609443 X 66168568 64645874 8898349 8626237 75066917 73272111 76306569 74881554 741361 -2536167 0 X 0 1 X 1 0 X 16689870 6002186 3477853 9731128 3301898 39202935 16689870 6002186 3477853 9731128 3301898 39202935 12757032 26445903 1318671 71112 521300 554263 1106837 3572183 26505 7632 26747 79567 0 140451 14696 411 12892 27999 42943568 49611001 0.61580 0.67210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45504708 -1568432 1965000 85000 41886276 44851959 1737749 1000000 85000 45504708 33357989 12578970 1000000 85000 44851959 38653322 -4206054 1000000 89279 33357989 41049906 -462268 1852826 81490 38653322 1.00000 0 0 11692 11692 330026 300179 29847 2495109 2248762 246347 287886 PARTNERSHIP INVESTMENTS 14476404 F 14476404 X 12996657 -2536167 74998 -2461169 15457826 85000 -90755 -5755 15452071 14791463 74998 90755 165753 14625710 85000 85000 14710710 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. FOR THE YEARS ENDED MARCH 31, 2023 AND 2022, UBIT EXPENSES WERE APPROXIMATELY $0 AND $17,000, RESPECTIVELY. 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 -90,755. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 90,755. 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 11155570 0 0 0 0 0 0 11155570 0 11155570 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X 1 MKDM 612 EAST JEFFERSON STREET 2ND FLOO CHARLOTTESVILLE VA 22902 DIRECT RESPONSE CONSULTING 0 0 207549 -207549 207549 -207549 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 1 1 0 0 0 0 0 0 0 JESSE BRACKENBURY DIR/PRES/CEO 354357 0 0 0 0 0 12485 0 34765 0 401607 0 0 0 THOMAS TOLENTINO SENIOR VP & COO 220782 0 0 0 0 0 13596 0 33936 0 268314 0 0 0 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 196902 0 0 0 0 0 11939 0 4179 0 213020 0 0 0 RENEE WOOD CFAO & SECRETARY 158490 0 0 0 9626 0 0 0 11698 0 179814 0 0 0 SUZANNE MANNION DIRECTOR OF PUBLIC AFFAIRS 139440 0 0 0 0 0 8435 0 2883 0 150758 0 0 0 PART I, LINE 4A SHARI RHIAN, DONOR SERVICES MANAGER TERMINATED ON 8/24/22 AND RECEIVED $44,034 IN SEVERANCE. THE PAYMENT UNDER THE SEPARATION AGREEMENT DURING THE CALENDAR YEAR 2022 IS REPORTED ON FORM 990, PART VII, LINE 1A(D). 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 VI, SECTION A, LINE 4 THE OFFICER ELECTION CHANGED TO 3 YEAR TERMS, THE SECRETARY IS ADDED TO THE TERM-LIST, AND ANNUAL MEETINGS ARE HELD QUARTERLY. 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 1,671,488. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,671,488. AUDIO TOUR FEE: PROGRAM SERVICE EXPENSES 1,630,512. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,630,512. AUDIO TOUR CONTRACTOR: PROGRAM SERVICE EXPENSES 2,259,846. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,259,846. ARCHITECTURAL FEES: PROGRAM SERVICE EXPENSES 387,208. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 387,208. DESIGN FEES: PROGRAM SERVICE EXPENSES 2,555,892. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,555,892. ENGINEERING SERVICES: PROGRAM SERVICE EXPENSES 3,302. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,302. PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 161,460. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 161,460. DONOR WALL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,650. TOTAL EXPENSES 2,650. FUNDRAISING SYSTEM: PROGRAM SERVICE EXPENSES 2,500. MANAGEMENT AND GENERAL EXPENSES 2,500. FUNDRAISING EXPENSES 62,072. TOTAL EXPENSES 67,072. OFFICE CLEANING SERVICES: PROGRAM SERVICE EXPENSES 699. MANAGEMENT AND GENERAL EXPENSES 7,902. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,601. FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 160,398. MANAGEMENT AND GENERAL EXPENSES 83,085. FUNDRAISING EXPENSES 113,013. TOTAL EXPENSES 356,496. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 16,925. MANAGEMENT AND GENERAL EXPENSES 12,429. FUNDRAISING EXPENSES 4,411. TOTAL EXPENSES 33,765. WALL OF HONOR ENGRAVING AND INSTALLATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 34,384. TOTAL EXPENSES 34,384.