2022-02-14T16:13:28-06:00 2021-03-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2020-04-01 133118415 STATUE OF LIBERTY ELLIS ISLAND FOUNDATION INC STAT 2125614500 17 BATTERY PLACE NO 232 NEW YORK NY 10004 JESSICA BARRETO CONTROLLER & SECRETARY 2125614500 2022-02-14 1 JESSICA BARRETO XXX-XX-XXXX LYNNE JOHNSON P00757336 2123721000 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JESSE BRACKENBURY 17 BATTERY PLACE NO 232 NEW YORK NY 10004 34210080 0 X WWW.STATUEOFLIBERTY.ORG X 1981 DE SEE SCHEDULE O 22 21 30 22 26747 25497 6002186 3477853 14104817 793602 78744 4281190 438451 256567 20624198 8809212 0 0 0 0 3445005 2588199 92400 103350 1132421 17487869 4229783 21025274 6921332 -401076 1887880 55925001 69211443 2074723 2683754 53850278 66527689 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 1204566 ELLIS ISLAND MUSEUM PROJECT: THE ORIGINAL EXHIBITRY AT THE NATIONAL MUSEUM OF IMMIGRATION IS MORE THAN 30 YEARS OLD. THE FOUNDATION IS WORKING WITH MUSEUM DESIGN FIRM RALPH APPLEBAUM AND ASSOCIATES TO REIMAGINE THE ENTIRE MUSEUM FOR THE 21ST CENTURY. WORKING WITH THE NATIONAL PARK SERVICES, THE FOUNDATION LOOKS TO MAINTAIN THE MUSEUM'S EXCEPTIONAL STORYTELLING, WHILE DEEPENING THE EXPERIENCE FOR THE CONTEMPORARY VISITOR. 879286 239124 STATUE OF LIBERTY MUSEUM PROJECT: THE FOUNDATION DESIGNED AND BUILT A NEW LEED-CERTIFIED, FREESTANDING MUSEUM ON LIBERTY ISLAND. BEFORE THE OPENING OF THE MUSEUM, LESS THAN 20% OF LIBERTY ISLAND VISITORS COULD EXPERIENCE THE EXHIBITS THAT WERE LOCATED IN THE PEDESTAL DUE TO RESTRICTED ACCESS. UPON COMPLETION OF THE MUSEUM, 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 WHAT SHE STANDS FOR. THE CONSTRUCTION OF THE MUSEUM BEGAN IN 2016, AND IT OPENED ON MAY 16, 2019. 354601 785390 AUDIO TOUR: UNDER AN AGREEMENT WITH THE NATIONAL PARK SERVICE, THE FOUNDATION IS AUTHORIZED TO OPERATE A SELF-GUIDED AUDIO TOUR PROGRAM, FOR THE STATUE OF LIBERTY AND ELLIS ISLAND, AVAILABLE IN 12 LANGUAGES, AS WELL AS ASL TOUR AND AN 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 2021 APPROXIMATELY 241,717 VISITORS WERE PROVIDED AUDIO TOURS. 232454 12763 THE AMERICAN FAMILY IMMIGRATION HISTORY CENTER (AFIHC) AT ELLIS ISLAND WELCOMES TENS OF THOUSANDS OF VISITORS ANNUALLY. WITH ASSISTANCE FROM FOUNDATION STAFF, VISITORS CAN SEARCH AN ELECTRONIC DATABASE THAT PROVIDES ACCESS TO INFORMATION FROM THE PASSENGER MANIFESTS ON THE NEARLY 65 MILLION IMMIGRANTS, PASSENGERS AND CREW MEMBERS THAT ENTERED THE UNITED STATES THROUGH THE PORT OF NEW YORK/ELLIS ISLAND BETWEEN 1892-1957. THE DATABASE IS ALSO AVAILABLE AT WWW.STATUEOFLIBERTY.ORG WHICH, RECEIVED 18 MILLION PAGE VIEWS AND 1.9 MILLION UNIQUE VISITORS IN FISCAL YEAR 2021. REVENUES ARE GENERATED BY RESERVATION FEES FOR TERMINALS AT THE ELLIS ISLAND CENTER, AS WELL AS SALES FROM HISTORICAL DOCUMENTS, SHIP IMAGES, AND OTHER MISSION-RELATED PRODUCTS ON THE WEB AND AT THE CENTER. 206277 PUBLIC AWARENESS AND EDUCATION: THE FOUNDATION SEEKS TO INFORM EXTERNAL AUDIENCES ABOUT THE STATUE OF LIBERTY, ELLIS ISLAND, AND THE FOUNDATION'S MISSION AND INITIATIVES. WITH PANDEMIC-INDUCED ISLAND CLOSURES AND DEPRESSED VISITATION, COMMUNICATIONS WERE CRITICALLY IMPORTANT. TO CONTINUE ENGAGING WITH THE PUBLIC AND STAKEHOLDERS, THE FOUNDATION CREATED AND CURATED REMOTE LEARNING EXPERIENCES THAT WERE AVAILABLE TO ALL. AMONG THEM: VIRTUAL TOURS; RESEARCH TIPS FOR USING THE ELLIS ISLAND PASSENGER SEARCH DATABASE; VIDEOS VIGNETTES EXPLORING THE ELLIS ISLAND IMMIGRANT EXPERIENCE; A LADY LIBERTY ART PROJECT; AND LINKS TO RECOMMENDED WEBINARS, ACTIVITIES, CRAFTS, AND EDUCATIONAL MATERIALS. THE FOUNDATION DEVELOPED ITS DEDICATED PASSENGER SEARCH SERVICE, WHICH TEAMS A DONOR WITH ONE OF OUR RESEARCH EXPERTS TO HELP WITH FINDING THEIR FAMILY CONNECTIONS TO ELLIS ISLAND AND THE PORT OF NY. THE FOUNDATION ALSO INCREASED SOCIAL MEDIA ENGAGEMENT AND FOLLOWERS, WHICH NOW INCLUDES MORE THAN 120,000 ACROSS FACEBOOK, TWITTER, AND INSTAGRAM. 147259 MAINTENANCE OF THE PEOPLING OF AMERICA EXHIBITS: THE PEOPLING OF AMERICA EXHIBITS IN THE ELLIS ISLAND IMMIGRATION MUSEUM THAT TELL STORIES OF THOSE WHO ARRIVED TO AMERICA BEFORE THE ELLIS ISLAND ERA AND THOSE WHO CAME POST ELLIS (1954 TO THE PRESENT). 20,000 SQUARE FEET ACROSS SEVERAL GALLERIES ON THE FIRST FLOOR OF THE MUSEUM INCLUDES INTERACTIVE EXHIBITS, A/V, AND TOUCHSCREENS. TO SUPPORT THE NATIONAL PARK SERVICE, FOUNDATION STAFF CARE FOR THE ONGOING MAINTENANCE OF TECHNOLOGY-RELATED EXHIBITS. 104552 MAINTENANCE OF THE STATUE OF LIBERTY MUSEUM EXHIBITS: SINCE THE OPENING OF THE MUSEUM IN SPRING 2019, FOUNDATION STAFF CARE FOR THE ONGOING MAINTENANCE OF TECHNOLOGY-RELATED EXHIBITS. EXHIBITS CARED FOR BY FOUNDATION STAFF, IN PARTNERSHIP WITH THE NATIONAL PARKS SERVICE, INCLUDE THE IMMERSIVE THEATER WITH THREE ENORMOUS SCREENS, THE POPULAR INTERACTIVE BECOMING LIBERTY EXHIBIT, AND THE LIBERTY STAR VIDEO TERMINALS. 690542 12763 3128995 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 15 0 1 30 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 21 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 JESSICA BARRETO 2125614500 17 BATTERY PLACE NO 232 NEW YORK NY 10004 X STEPHEN BRIGANTIDIRPRESCEO SEE SCH J, PART III FOR SUPPL INFO 40.00 X X 1036429 0 34497 JOSEPH DODDRIDGE DIRECTOR 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 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 TOMMY LASORDA DIRECTOR (DECEASED 1/7/2021) 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 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 1.00 X 0 0 0 PAUL WEAVER DIRECTOR 1.00 X 0 0 0 ALBERT BELLAS DIRECTOR (CHAIRMAN UNTIL 1/29/21) 2.00 X X 0 0 0 JEFFREY GURAL TREASURER 1.00 X X 0 0 0 LUIS UBINAS CHAIRMAN (FROM 1/29/21) 2.00 X X 0 0 0 THOMAS TOLENTINO SENIOR VP & COO 40.00 X 216540 0 19546 JESSICA BARRETO CONTROLLER & SECRETARY 40.00 X 179949 0 33040 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 40.00 X 195668 0 14931 SUZANNE MANNION DIRECTOR OF PUBLIC AFFAIRS 40.00 X 138243 0 10850 DIANE TOLAND PROJECT DIRECTOR 40.00 X 102617 0 36920 1869446 0 149784 6 0 1 0 PHELPS CONSTRUCTION 315 WOOTTON STREET BOONTON NJ 07005 CONSTRUCTION SERVICES 664520 RALPH APPLEBAUM 88 PINE STREET NEW YORK NY 10005 MUSEUM DESIGN SERVICES 490951 ONE SOURCE PRODUCTION 38590 BETTIS DRIVE HAMILTON VA 20158 FULFILLMENT SERVICES 340023 INCLUSIVE DIGITAL LLC 215 WEST 90TH ST 7B NEW YORK NY 10024 WEB DEVELOPMENT & INTEGRATION 251448 MKDM 612 EAST JEFFERSON ST 2ND FLOOR CHARLOTTESVILLE VA 22902 DIRECT RESPONSE CONSULTING 214286 10 448800 3029053 5320 3477853 AUDIO TOURS 713990 785390 785390 HISTORY CENTER ADMISSION 713990 8212 8212 793602 521300 26747 494553 29080982 25321092 3759890 3759890 3759890 323451 79776 243675 243675 UBIT - FEDERAL & STATE REFUND 900099 12892 12892 12892 8809212 1037277 26747 4267335 X 1433911 416574 825675 191662 816913 191676 425790 199447 45454 14685 22066 8703 161084 56071 85171 19842 130837 38726 69760 22351 28238 28238 63802 63802 103350 103350 85000 85000 2279276 2097208 99190 82878 1337 300 1037 138472 25272 105703 7497 473340 62233 368857 42250 222289 64315 115739 42235 1918 1863 55 1639 1639 46 46 505552 161935 251750 91867 108377 108377 DIRECT MAIL 216093 216093 POSTAGE, DELIVERY & SHI 103154 103154 LOSS ON DISPOSAL 1250 1250 6921332 3128995 2659916 1132421 2898473 3710094 5101671 2152016 180609 106554 98950 66668 305773 409451 5529241 4687895 1140252 841346 31284134 44354094 14879151 17535232 35988 35988 55925001 69211443 2074723 2236254 0 447500 2074723 2683754 X 45100668 57392182 8749610 9135507 53850278 66527689 55925001 69211443 1887880 10789531 0 X 0 1 X 1 0 X 33905759 16792546 16689870 6002186 3477853 76868214 33905759 16792546 16689870 6002186 3477853 76868214 13162247 63705967 1099097 1417184 1318671 71112 521300 4427364 6650 29942 26505 7632 26747 97476 1921 14696 411 12892 29920 81422974 63011171 0.78240 0.79860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME UBIT - FEDERAL STATE REFUND RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33357989 12578970 1000000 85000 44851959 38653322 -4206054 1000000 89279 33357989 41049906 -462268 1852826 81490 38653322 38929003 4104468 1900000 83565 41049906 36386479 4538030 1910257 85249 38929003 1.00000 0 0 1474310 1415746 58564 1847333 1690377 156956 2207598 1581772 625826 841346 PARTNERSHIP INVESTMENTS 17535232 F 17535232 PAYCHECK PROTECTION PROGRAM LOAN 447500 447500 X 19580627 10789531 10789531 8791096 85000 -66884 18116 8809212 6903216 66884 66884 6836332 85000 85000 6921332 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, 2021 AND 2020, UBIT EXPENSES WERE APPROXIMATELY $5,000 AND $1,300, 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 -79,776. UBIT - FEDERAL & STATE REFUND 12,892. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 79,776. UBIT - FEDERAL & STATE REFUND -12,892. 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. UBIT - FEDERAL & STATE REFUND IS REPORTED AS PROGRAM EXPENSES ON THE AUDITED FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 8090484 0 0 0 0 0 0 8090484 0 8090484 0 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 103350 -103350 103350 -103350 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 STEPHEN BRIGANTIDIRPRESCEO SEE SCH J, PART III FOR SUPPL INFO 421429 0 0 0 615000 0 18000 0 16497 0 1070926 0 499688 0 THOMAS TOLENTINO SENIOR VP & COO 216540 0 0 0 0 0 13174 0 6372 0 236086 0 0 0 JESSICA BARRETO CONTROLLER & SECRETARY 179949 0 0 0 0 0 11017 0 22023 0 212989 0 0 0 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 195668 0 0 0 0 0 11841 0 3090 0 210599 0 0 0 PART I, LINE 4B THE PRESIDENT & CEO PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE $1,070,926 REFLECTS NOT ONLY CURRENT YEAR TOTAL COMPENSATION OF $455,926 BUT ALSO AN ADDITIONAL $615,000 REPRESENTING 18 MONTHS OF A RETIREMENT BENEFIT THAT VESTED THIS YEAR. THE RETIREMENT BENEFIT WAS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS, AFTER CONSULTING WITH ITS LEGAL AND FINANCIAL ADVISORS. IT REPRESENTS BOARD RECOGNITION OF, AMONG OTHER THINGS, BRIGANTI'S NEARLY 40 YEARS OF SERVICE WITH THE FOUNDATION AND WAS ARRIVED AT BASED ON THE BOARD'S DETERMINATION THAT 36 MONTHS OF SALARY PAYABLE AT BRIGANTI'S RETIREMENT, VESTING AT TWO DIFFERENT TIMES, WAS EQUITABLE AND COMPARABLE TO OTHER, SIMILARLY SITUATED INDIVIDUALS. IN 2018, PURSUANT TO THE TERMS OF BRIGANTI'S EMPLOYMENT AGREEMENT, BRIGANTI VESTED IN 18 MONTHS OF HIS 36-MONTH BENEFIT. THE VESTED AMOUNT OF THE BENEFIT WAS REPORTED ON THE 2018 FORM 990, SCHEDULE J, PART II, COLUMN (B)(III). IN 2020, PURSUANT TO THE TERMS OF BRIGANTI'S EMPLOYMENT AGREEMENT, BRIGANTI VESTED IN THE REMAINING 18 MONTHS OF THE 36-MONTH BENEFIT, WHICH HAS BEEN REPORTED ON THE 2020 FORM 990, SCHEDULE J, PART II, COLUMN B(III). PAYOUT OF THESE RETIREMENT BENEFITS BEGINS AFTER STEVE'S LAST DAY OF EMPLOYMENT. 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 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 COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS. DISCUSSIONS RELATED TO AND THE APPROVAL OF THE COMPENSATION HAVE BEEN DOCUMENTED. IN MARCH 2018, A STUDY ON COMPENSATION OF OTHER OFFICERS AND OTHER SENIOR STAFF WAS COMPLETED BY AN INDEPENDENT COMPENSATION CONSULTANT THAT REPORTED DIRECTLY TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. AS THE FOUNDATION WORKED TO RECRUIT A NEW CEO IN 2019-2020, A SEARCH FIRM AND THE BOARD'S SEARCH COMMITTEE EVALUATED THE APPROPRIATE LEVEL OF COMPENSATION FOR THE NEW CHIEF EXECUTIVE. 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 670,060. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 670,060. AUDIO TOUR FEE: PROGRAM SERVICE EXPENSES 184,892. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,892. AUDIO TOUR CONTRACTOR: PROGRAM SERVICE EXPENSES 169,184. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,184. ARCHITECTURAL FEES: PROGRAM SERVICE EXPENSES 106,830. MANAGEMENT AND GENERAL EXPENSES 2,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 109,230. DESIGN FEES: PROGRAM SERVICE EXPENSES 917,159. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 917,159. EXHIBITRY FABRICATION: PROGRAM SERVICE EXPENSES 4,863. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,863. PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 41,156. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,156. DONOR WALL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,100. FUNDRAISING EXPENSES 11,200. TOTAL EXPENSES 19,300. FUNDRAISING SYSTEM: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 44,511. TOTAL EXPENSES 44,511. OFFICE CLEANING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,950. FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 45,034. FUNDRAISING EXPENSES 27,167. TOTAL EXPENSES 72,201. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,246. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,246. GEESE CONTROL/MOVING COSTS FY21: PROGRAM SERVICE EXPENSES 3,064. MANAGEMENT AND GENERAL EXPENSES 33,460. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,524.