2022-04-04T12:29:07-05:00 2021-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2020-07-01 132867442 NEW YORK CITY CENTER INC NEWY 2122470430 130 WEST 56TH STREET NO 9TH FL NEW YORK NY 10019 ARLENE SHULER PRESIDENT & CEO 2122470430 2022-03-04 1 ARLENE SHULER 999009999 FREDERICK MARTENS P00298107 2126972299 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ARLENE SHULER 130 WEST 56TH STREET NO 9TH FL NEW YORK NY 10019 31153800 0 X WWW.NYCITYCENTER.ORG X 1976 NY IN OUR NEARLY 80-YEAR HISTORY, NEW YORK CITY CENTER HAS WEATHERED THE STORMS OF NATIONAL EMERGENCIES, NATURAL DISASTERS, AND FINANCIAL CRISES AND COME OUT STRONGER ON THE OTHER SIDE. THE COVID-19 PANDEMIC PRESENTED A CHALLENGE UNLIKE ANY WE HAD FACED BEFORE; HOWEVER, IT ALSO PROVIDED US WITH A UNIQUE SET OF OPPORTUNITIES TO EXPLORE. WITH OUR THEATER CLOSED FOR AN ENTIRE SEASON, WE LEARNED HOW TO PROVIDE WORLD-CLASS PERFORMANCES FROM OUR STAGE TO OUR AUDIENCES DIGITALLY IN THEIR HOMES. WE WERE ONE OF THE FIRST SPACES TO REOPEN OUR THEATER TO FILM WORKS OF ART FOR DIGITAL DISTRIBUTION, AND WE SET THE STANDARD FOR COVID PROTOCOLS TO KEEP OUR ARTISTS AND CREW MEMBERS SAFE WHILE DOING SO. WE ATTAINED A NATIONAL AND GLOBAL REACH UNLIKE ANY WE HAVE EVER SEEN IN OUR HISTORY. AND NOW, HAVING REOPENED OUR DOORS IN OCTOBER 2021 WITH OUR ANNUAL FALL FOR DANCE FESTIVAL, WE LOOK FORWARD TO CONTINUING TO MAKE WORKS OF BOUNDARY-PUSHING DANCE AND MUSICAL THEATER ACCESSIBLE TO EVERYONE. 40 39 554 39 0 0 10153999 26179123 9576022 1234531 439057 1164228 1171080 29935 21340158 28607817 0 0 0 0 15406225 8027266 0 84649 1888332 8214010 4256391 23620235 12368306 -2280077 16239511 53559931 71819356 4236978 3204435 49322953 68614921 X THE MISSION OF NEW YORK CITY CENTER IS TO BE NEW YORK CITY'S LEADING CENTER FOR DANCE AND MUSICAL THEATER. DEDICATED TO MAKING THE ARTS ACCESSIBLE TO THE BROADEST POSSIBLE AUDIENCE, CITY CENTER SEEKS TO CREATE A WELCOMING ENVIRONMENT AND ENGAGE AUDIENCES WITH INSPIRING PROGRAMMING THAT REFLECTS THE ECLECTICISM, ENERGY AND SPIRIT OF NEW YORK CITY. 0 0 6197947 517088 PRODUCTIONS & PROGRAMMINGCITY CENTER'S 2020-2021 DIGITAL DANCE SEASON BROUGHT FILMED PERFORMANCES FROM OUR STAGE AND FROM THE STAGE OF SADLER'S WELLS IN LONDON TO THOUSANDS OF HOUSEHOLDS ACROSS THE COUNTRY AND AROUND THE GLOBE. THIS YEAR'S FALL FOR DANCE FESTIVAL CONSISTED OF TWO DISTINCT DIGITAL PROGRAMS, EACH COMPRISING FOUR UNIQUE PIECES. AS INTERNATIONAL AND DOMESTIC TRAVEL REMAINED RESTRICTED, CITY CENTER CHOSE TO FOCUS THIS YEAR'S FESTIVAL ON BELOVED NEW YORK CITY DANCE COMPANIES WHO HAD BEEN ABSENT FROM THE STAGE FOR MONTHS. THIS SPRING, CITY CENTER PRESENTED MATTHEW BOURNE'S NEW ADVENTURES FESTIVAL, FEATURING FOUR WORKS THE LEGENDARY CHOREOGRAPHER'S COMPANY HAS FILMED IN RECENT YEARS FROM THE STAGE OF SADLER'S WELLS IN LONDON. IN SPRING OF 2021, CITY CENTER PARTNERED WITH AMERICAN BALLET THEATRE ON A CO-PRODUCTION SHOWCASING THE WORK OF ABT RESIDENT CHOREOGRAPHER ALEXEI RATMANSKY. IN SUMMER 2020, CITY CENTER LAUNCHED A FREE DIGITAL SERIES OF FIVE STUDIO 5 GREAT AMERICAN BALLERINAS EVENTS FEATURING AMERICAN BALLET THEATRE PRINCIPAL DANCER MISTY COPELAND AND NEW YORK CITY BALLET PRINCIPAL DANCERS SARA MEARNS AND TILER PECK. THE PROGRAM WAS SO SUCCESSFUL THAT IN SPRING 2021, AN ADDITIONAL FIVE STUDIO 5 EVENTS WERE FILMED AND STREAMED DIGITALLY, HIGHLIGHTING DIFFERENT STYLES OF DANCE FROM AROUND THE WORLD. THESE VIDEOS FEATURED ABT PRINCIPAL DANCER CALVIN ROYAL III; BOLLYWOOD DANCER SOORAJ SUBRAMANIAM; ROYAL BALLET PRINCIPAL DANCER MATTHEW BALL; KOREAN TANGO DANCERS KAREN & KEI; AND COMPANY MEMBERS FROM ALVIN AILEY AMERICAN DANCE THEATER.CITY CENTER'S THEATER SEASON TRADITIONALLY REVOLVES AROUND OUR BELOVED ENCORES! SERIES, AND WE HAVE BEEN PROUD TO MOUNT THESE RARELY SEEN PRODUCTIONS FOR OVER 25 YEARS. INTRINSIC TO THE MISSION OF THIS PROGRAM, HOWEVER, IS TO PRODUCE THE MUSICALS WITH FULL ORCHESTRATIONS AS THEY WOULD HAVE ORIGINALLY BEEN HEARD. IN THE MIDST OF THE PANDEMIC, IT WAS DEEMED TOO DANGEROUS TO MOUNT THESE COMPLEX PRODUCTIONS WITH MANY ARTISTS GROUPED TOGETHER, EVEN FOR VIRTUAL ENJOYMENT. TO KEEP THE SPIRIT OF MUSICAL THEATER ALIVE UNTIL WE COULD ONCE AGAIN SAFELY GATHER THE EXPERT TEAMS OF ACTORS, DANCERS, MUSICIANS, AND STAGEHANDS TOGETHER, CITY CENTER PRODUCED A VARIETY OF DIGITAL MUSICAL THEATER CONTENT TO PAY TRIBUTE TO THIS UNIQUE ARTFORM. AUDRA MCDONALD--WINNER OF A RECORD-BREAKING SIX TONY AWARDS AND THE FIRST PERFORMER TO WIN ALL FOUR ACTING CATEGORIES--MADE HER DEBUT AT CITY CENTER IN AN INTIMATE DIGITAL GALA PRESENTATION, FILMED LIVE ON OUR STAGE FEATURING AN EVENING OF SONGS THAT SHOWCASED HER EXTRAORDINARY VOCAL RANGE IN POPULAR STANDARDS FROM THE GREAT AMERICAN SONGBOOK AND CLASSICS FROM THE GOLDEN AGE OF BROADWAY. A SECOND CONCERT FILMED LIVE AT CITY CENTER AND STARRING SUTTON FOSTER PREMIERED LATER IN THE SPRING AND SHOWCASED SOLOS, DUETS, AND GROUP NUMBERS FROM PREVIOUS PRODUCTIONS AT CITY CENTER AS WELL AS MUSICAL THEATER STANDARDS. AS IT WAS UNSAFE FOR US TO MOUNT ANY FULL ENCORES! PRODUCTIONS THIS YEAR, CITY CENTER LAUNCHED THE FREE WEB SERIES "ENCORES! INSIDE THE REVIVAL," FEATURING 15-MINUTE DOCUMENTARY VIDEOS THAT INCLUDE INTERVIEWS WITH CREATIVE TEAM MEMBERS BEHIND THE THREE ENCORES! PRODUCTIONS THAT WILL MAKE UP OUR FIRST ENCORES! SEASON UPON THE REOPENING OF OUR THEATER, AS WELL AS MUSICAL NUMBERS FROM THE SHOWS BEING DISCUSSED IN EACH EPISODE. AN ADDITIONAL EPISODE WAS DEDICATED TO PRODUCTIONS THAT WERE CANCELLED LAST SEASON. 372511 271216 STAGE I & IIDUE TO COVID-19 AND NEW YORK STATE MANDATED THEATER CLOSURES, MANHATTAN THEATRE CLUB DID NOT PRODUCE ANY SHOWS ON CITY CENTER'S STAGESI AND II 322611 70927 EDUCATIONNEW YORK CITY CENTER'S EDUCATION PROGRAM IS AT THE HEART OF OUR MISSION OF ACCESSIBILITY TO THE ARTS. OUR INITIATIVES BRING STUDENTS AND EDUCATORS INTO DIRECT COLLABORATION WITH TEACHING ARTISTS REPRESENTING PROGRAMMING FROM OUR STAGE THROUGH A SERIES OF DANCE AND MUSICAL THEATER RESIDENCIES AND WORKSHOPS PRESENTED THROUGHOUT THE YEAR. PROGRAM CURRICULUM WAS DEVELOPED IN ACCORDANCE WITH THE DEPARTMENT OF EDUCATION'S BLUEPRINT FOR THE ARTS; NEW YORK STATE'S LEARNING STANDARDS ARTS AND CORE SUBJECTS (ELA, SOCIAL STUDIES, SCIENCE, AND MATH); AND COMMON CORE STANDARDS. THE COVID-19 PANDEMIC RESULTED IN MANY NEW CHALLENGES AND BARRIERS TO ARTS EDUCATION. DUE TO STAFFING SHORTAGES, MANY ARTS TEACHERS WERE REALLOCATED TO OTHER CLASSES; A NEARLY 30% REDUCTION IN NEW YORK CITY'S ARTS EDUCATION BUDGET LED TO ARTS CLASSES AND PROGRAMS BEING CUT FROM THE CURRICULUM; AND DUE TO NEW HEALTH AND SAFETY PRECAUTIONS, OUR TEACHING ARTISTS WERE NOT ALLOWED IN THE CLASSROOM. HOWEVER, WE REMAINED COMMITTED TO MAKING OUR WORK AFFORDABLE FOR THE BROADEST POSSIBLE AUDIENCE AND TO ENGAGING NEW YORKERS OF ALL AGES WITH THE ARTS IN THEIR OWN COMMUNITIES. DURING THE 2020-21 SCHOOL YEAR, OUR PROGRAMS REACHED 2,959 STUDENTS, EDUCATORS, AND FAMILIES AT 28 SCHOOLS THROUGHOUT THE CITY AND THE SURROUNDING AREAS. IN ORDER TO SERVE STUDENTS VIA REMOTE LEARNING, WE DESIGNED NEW PROGRAMMING AROUND VIDEO EXCERPTS FROM THE PAST ENCORES! OFF-CENTER PRODUCTION OF WORKING: A MUSICAL TO HELP STUDENTS EXPLORE MUSICAL THEATER CONCEPTS UNTIL WE ARE ABLE TO BRING LIVE PERFORMANCES BACK TO OUR STAGE. WE WERE THRILLED TO CONTINUE OUR ANNUAL PARTNERSHIP WITH ALVIN AILEY AMERICAN DANCE THEATER TO PRESENT A SERIES OF WORKSHOPS INTRODUCING STUDENTS TO THE WORK OF THIS HISTORIC COMPANY THROUGH FILMED EXCERPTS OF REVELATIONS AND THREE OTHER WORKS IN THE COMPANY'S REPERTOIRE. IN SPRING 2021, WE ALSO OFFERED PROGRAMMING CENTERED AROUND A PREVIOUSLY FILMED FLAMENCO FESTIVAL PERFORMANCE AND INTRODUCED A NEW EVERGREEN PROGRAM, MUSICAL STORYTELLING, TO TEACH THE FUNDAMENTALS OF MUSICAL THEATER PRODUCTION. 1177295 401841 OTHER PROGRAM SERVICES INCLUDE STUDIO AND OFFICE RENTAL PROGRAMS CONDUCTED AS PART OF THE ORGANIZATION'S EXEMPT PURPOSE. HOWEVER, DUE TO THE PANDEMIC AND COVID-19 SAFETY PROTOCOLS, MOST STUDIOS WERE NOT OPERATIONAL AND OFFICE RENTS WERE RE-NEGOTIATED AT LOWER RATES TO ENABLE TENANTS TO CONTINUE TO STAY IN BUSINESS GIVEN THE CHALLENGING CIRCUMSTANCES. 1177295 401841 8070364 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 137 0 1 554 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 40 39 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X JAMES FARKAS 2127631250 130 WEST 56TH STREET NEW YORK NY 10019 ARLENE SHULER PRESIDENT AND CEO 40.00 X X 924915 0 67272 STACEY MINDICH CO-CHAIRMAN 1.00 X X 0 0 0 RICHARD E WITTEN CO-CHAIRMAN 1.00 X X 0 0 0 ALAN G WEILER TREASURER 1.00 X X 0 0 0 STACY BASH-POLLEY BOARD MEMBER 1.00 X 0 0 0 LUIGI CAIOLA BOARD MEMBER 1.00 X 0 0 0 THEODORE S CHAPIN BOARD MEMBER 1.00 X 0 0 0 VICTORIA CLARK BOARD MEMBER 1.00 X 0 0 0 STUART H COLEMAN BOARD MEMBER 1.00 X 0 0 0 PATRICK CROSETTO BOARD MEMBER 1.00 X 0 0 0 DEBORAH GOODMAN DAVIS BOARD MEMBER 1.00 X 0 0 0 BARRY F SCHWARTZ BOARD MEMBER 1.00 X 0 0 0 HARRIS DIAMOND BOARD MEMBER 1.00 X 0 0 0 MAURICE DUBOIS BOARD MEMBER 1.00 X 0 0 0 BOBBIE FRANKFORT BOARD MEMBER 1.00 X 0 0 0 PERRY B GRANOFF BOARD MEMBER 1.00 X 0 0 0 JAKE GYLLENHAAL BOARD MEMBER 1.00 X 0 0 0 JENNIFER GRAZEL BOARD MEMBER 1.00 X 0 0 0 DAVID HALLBERG BOARD MEMBER 1.00 X 0 0 0 SARAH JAMES IRBY BOARD MEMBER 1.00 X 0 0 0 ELIZABETH HARPEL KEHLER BOARD MEMBER 1.00 X 0 0 0 MARK KINGDON BOARD MEMBER 1.00 X 0 0 0 JULIE ABRAMS LEFF BOARD MEMBER 1.00 X 0 0 0 JEANETTE W LOEB BOARD MEMBER 1.00 X 0 0 0 NANCY MACMILLAN BOARD MEMBER 1.00 X 0 0 0 SUSAN MINDELL BOARD MEMBER 1.00 X 0 0 0 TRACEY KNIGHT NARANG BOARD MEMBER 1.00 X 0 0 0 TRACY ELISE POOLE BOARD MEMBER 1.00 X 0 0 0 KELLI O'HARA BOARD MEMBER 1.00 X 0 0 0 CARL QUINTANILLA BOARD MEMBER 1.00 X 0 0 0 AKILA RAMAN BOARD MEMBER 1.00 X 0 0 0 IRA RESNICK BOARD MEMBER 1.00 X 0 0 0 ALFRED J SHUMAN BOARD MEMBER 1.00 X 0 0 0 PAUL SPIVEY BOARD MEMBER 1.00 X 0 0 0 JOSEPH S STEINBERG BOARD MEMBER 1.00 X 0 0 0 ERANA MSTENNETT BOARD MEMBER 1.00 X 0 0 0 ELINOR RUTH TATUM BOARD MEMBER 1.00 X 0 0 0 ELIZABETH H WITTEN BOARD MEMBER 1.00 X 0 0 0 DAMIAN WOETZEL BOARD MEMBER 1.00 X 0 0 0 BARBARA ZALAZNICK BOARD MEMBER 1.00 X 0 0 0 JULIE GROOB SR VP & COO 40.00 X 175002 0 22899 JAMES H FARKAS VP AND CFO 40.00 X 217333 0 61933 ROBERT PALM VP, INFORMATION TECHNOLOGIES 40.00 X 177810 0 31435 STANFORD MAKISHI VP, PROGRAMMING 40.00 X 201008 0 37014 MOLLY MELOY VP MARKETING AND COMMUNICATIONS 40.00 X 173181 0 34220 NAOMI WEINSTOCK VP DEVELOPMENT 40.00 X 198742 0 64001 ANDREY SHENIN DIRECTOR OF OPERATION 40.00 X 151418 0 45127 MARK MONGOLD DIRECTOR OF PRODUCTION 40.00 X 132010 0 44090 JOHN TOGUVILLE BOX OFFICE TREASURER 40.00 X 118155 0 19880 ALEXANDER FRENKEL CONTROLLER 40.00 X 122678 0 42130 JAY DORITY DIRECTOR OF FACILITIES & CAPITAL 40.00 X 105332 0 36434 2697584 0 506435 33 0 1 0 LISA L DEBESSONET 385 EAST 18TH STREET BROOKLYN NY 11226 ARTISTIC CONSULTING SERVICES 100112 1 845472 4621680 20711971 172896 26179123 BOX OFFICE RECEIPTS 711110 467648 467648 TOWER AND STUDIO RENTAL INCOME 711110 375300 375300 STAGE I & II THEATRE RENTAL 711110 271216 271216 WORKSHOP FEES 900099 70927 70927 THEATRE RENTAL 711110 37500 37500 11940 11940 1234531 413938 413938 3394 3394 3233211 2482921 750290 750290 750290 63062 845472 63062 0 OTHER INCOME 900099 26541 26541 26541 28607817 1261072 0 1167622 1396078 342122 768949 285007 4829768 3205590 670019 954159 432681 230690 58263 143728 775638 614344 60013 101281 593101 361353 106300 125448 41016 41016 70000 70000 84649 84649 109248 109248 364547 234408 126789 3350 412763 330021 246 82496 335056 155926 140351 38779 961257 882698 77537 1022 23973 16005 5554 2414 56529 32700 23829 1063925 1003165 60760 227975 181434 46541 PRODUCTION EXPENSES 244947 244947 INDIRECT BENEFIT EXPENS 31712 31712 GIFT ANNUITY EXPENSE 22771 22771 290672 267661 12553 10458 12368306 8070364 2409610 1888332 4555737 5086783 1287172 1411723 4018417 18651537 1089862 323979 363229 361138 34617524 13935000 21181125 20682524 20419109 24655444 216006 216954 429274 429274 53559931 71819356 910381 1167707 573845 900090 2687507 1075317 65245 61321 4236978 3204435 X 31207372 34115397 18115581 34499524 49322953 68614921 53559931 71819356 X 16239511 3111517 -59060 X 0 1 X 1 0 X 15581847 14827486 13125930 10096499 26179123 79810885 9233004 12527242 11470955 9576022 1234531 44041754 24814851 27354728 24596885 19672521 27413654 123852639 1588352 4464035 1224580 2252237 1277701 10806905 239558 212280 268239 508497 188625 1417199 1827910 4676315 1492819 2760734 1466326 12224104 111628535 533016 581627 740862 610037 417332 2882874 533016 581627 740862 610037 417332 2882874 281684 385064 410765 1050086 26541 2154140 25629551 28321419 25748512 21332644 27857527 128889653 0.86610 0.85240 0.02240 0.02490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 12368306 12368306 768415 192104 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 18918349 870000 3791093 296752 23282690 17564567 2013980 723752 1383950 18918349 16258984 925000 1000346 619763 17564567 15321136 400000 1085987 548139 16258984 12429741 2375000 995478 479083 15321136 0.37390 0.43514 0.19096 0 0 28956350 9591600 19364750 5661174 4343400 1317774 20682524 SECURITY DEPOSITS HELD 61321 61321 32423087 3111517 813001 3924518 28498569 109248 109248 28607817 13131119 872061 872061 12259058 109248 109248 12368306 PART V, LINE 4: -BOARD DESIGNATED ENDOWMENT (QUASI ENDOWMENT) IS USED TO ASSIST IN PROVIDING LONG-TERM INSTITUTIONAL FINANCIAL SECURITY WHILE PROVIDING FLEXIBILITY BASED ON INSTITUTIONAL PRIORITIES. ANNUAL ALLOCATIONS PER BOARD APPROVED SPENDING POLICY SERVE GENERAL OPERATIONS. -PERMANENT ENDOWMENT (LOEB EDUCATIONAL FUND) IS A RESTRICTED FUND TO ASSIST IN SUPPORTING EDUCATIONAL PROGRAMMING, SUBJECT TO BOARD APPROVED SPENDING POLICY. -PERMANENT ENDOWMENT (FALL FOR DANCE FESTIVAL FUND) IS A RESTRICTED FUND TO ENSURE FINANCIAL STABILITY AND CONTINUATION OF THE FALL FOR DANCE FESTIVAL, SUBJECT TO BOARD APPROVED SPENDING POLICY. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTERDEPARTMENTAL RENTAL INCOME REFLECTED IN AUDITED FINANCIAL STATEMENTS 872,061. REVERSAL OF PRIOR YEAR CONTRIBUTION -59,060. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERDEPARTMENTAL RENTAL EXPENSE REFLECTED IN AUDITED FINANCIAL STATEMENTS 872,061. X X X 1 DCM INC 330 WEST 38TH STREET 207 NEW YORK NY 10018 TELEFUNDRAISING 0 107107 84649 22458 107107 84649 22458 NY VIRTUAL GALA BENEFIT 908534 845472 63062 63062 908534 845472 63062 63062 63062 0 X X X X 0 1 0 0 0 0 0 0 0 ARLENE SHULER PRESIDENT AND CEO 369107 0 549010 0 6798 0 31635 0 35637 0 992187 0 500000 0 JULIE GROOB SR VP & COO 174878 0 0 0 124 0 21151 0 1748 0 197901 0 0 0 JAMES H FARKAS VP AND CFO 211325 0 0 0 6008 0 26296 0 35637 0 279266 0 0 0 ROBERT PALM VP, INFORMATION TECHNOLOGIES 173185 0 0 0 4625 0 20923 0 10512 0 209245 0 0 0 STANFORD MAKISHI VP, PROGRAMMING 200576 0 0 0 432 0 24449 0 12565 0 238022 0 0 0 MOLLY MELOY VP MARKETING AND COMMUNICATIONS 171837 0 0 0 1344 0 21197 0 13023 0 207401 0 0 0 NAOMI WEINSTOCK VP DEVELOPMENT 198567 0 0 0 175 0 25153 0 38848 0 262743 0 0 0 ANDREY SHENIN DIRECTOR OF OPERATION 150820 0 0 0 598 0 15898 0 29229 0 196545 0 0 0 MARK MONGOLD DIRECTOR OF PRODUCTION 130148 0 0 0 1862 0 15824 0 28266 0 176100 0 0 0 ALEXANDER FRENKEL CONTROLLER 122450 0 0 0 228 0 15540 0 26590 0 164808 0 0 0 PART I, LINE 4B ARLENE SHULER, PRESIDENT & CEO RECEIVED PAYMENT OF A SUPPLEMENTAL RETIREMENT BENEFIT IN THE AMOUNT OF $549,010.. X 8 172896 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 RICHARD E. WITTEN, CO-CHAIRMAN, AND ELIZABETH H. WITTEN, BOARD MEMBER - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, FORM 990 IS REVIEWED IN DEPTH BY JAMES FARKAS, VP AND CFO, WHO THEN MEETS WITH ARLENE SHULER, PRESIDENT AND CEO, AND JULIE MASON GROOB, VP AND COO, TO DISCUSS. WHILE FORM 990 IS NOT REVIEWED WITH TRUSTEES PRIOR TO FILING, AUDITED FINANCIAL STATEMENTS FOR THE SAME PERIOD ARE DISTRIBUTED TO, REVIEWED WITH, AND APPROVED BY THE TRUSTEES FOR THE SAME PERIOD. ONCE FILED, FORM 990 IS MADE READILY AVAILABLE TO ALL OFFICERS, DIRECTORS AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS AND TRUSTEES AND KEY EMPLOYEES. THESE INDIVIDUALS ARE REQUIRED TO RESPOND TO A DISCLOSURE FORM AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, HELD IN SEPTEMBER OF EACH YEAR, WHEREIN ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED. DETERMINATIONS OF CONFLICT OF INTEREST ARE CONFINED TO THE CONTEMPLATION OF TRANSACTIONS OR ARRANGEMENTS OR DIRECT MONETARY COMPENSATION THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE. INDIVIDUALS WHO HAVE BEEN DETERMINED AS HAVING A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN DECISIONS RELATED TO THE CONFLICT. ONCE A CONFLICT OF INTEREST HAS BEEN IDENTIFIED, SPECIFIC PROCEDURES ARE IN PLACE FOR THE BOARD TO ELECT TO ELIMINATE THE CONFLICT OR TO CONTINUE WITH THE CONFLICT IN THE CONTEXT OF FULL DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THE BUDGETING PROCESS, COMPENSATION REVIEWS ARE PERFORMED ANNUALLY FOR ALL ADMINISTRATIVE EMPLOYEES, AS WELL AS THE CEO, OFFICERS AND KEY EMPLOYEES. A NUMBER OF FACTORS DETERMINE THE AMOUNT OF THE INCREASE SUCH AS COST OF LIVING AND AN INCREASE IN RESPONSIBILITIES. FURTHER, WHEN CONSIDERING COMPENSATION FOR THE CEO, OFFICERS OR KEY EMPLOYEES, RESEARCH IS CONDUCTED BY REVIEWING SALARY SURVEYS, COMPARABILITY DATA FROM EMPLOYMENT BASED WEB SITES AND GUIDESTAR. THE SALARY LISTING IS BROUGHT BEFORE THE BOARD FOR REVIEW AND APPROVAL ALONG WITH THE BUDGET FOR THE NEXT FISCAL YEAR AT THE JUNE MEETING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE NOT ROUTINELY MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION IS RESPONSIVE TO WRITTEN AND PHONE REQUESTS. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR CONTRIBUTION -59,060.