2022-11-04T13:49:55-05:00 2022-03-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2021-04-01 133118415 STATUE OF LIBERTY ELLIS ISLAND FOUNDATION INC STAT 2125614500 17 BATTERY PLACE 232 NEW YORK NY 10004 RENEE WOOD CFAO & SECRETARY 2125614500 2022-11-01 1 RENEE WOOD XXX-XX-XXXX LYNNE JOHNSON P00757336 2123721000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JESSE BRACKENBURY 17 BATTERY PLACE 232 NEW YORK NY 10004 45402592 0 X WWW.STATUEOFLIBERTY.ORG X 1981 DE SEE SCHEDULE O 23 21 20 23 79567 78317 3477853 9731128 793602 6210056 4281190 3215905 256567 272270 8809212 19429359 0 0 0 0 2588199 2749583 103350 103800 1225293 4229783 7060856 6921332 9914239 1887880 9515120 69211443 76306569 2683754 1239652 66527689 75066917 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 2582367 ELLIS ISLAND MUSEUM PROJECT: THE ORIGINAL EXHIBITRY AT MUSEUM IS MORE THAN 30 YEARS OLD. THE FOUNDATION IS WORKING WITH MUSEUM DESIGN FIRM RALPH APPLEBAUM AND ASSOCIATES TO REIMAGINE THE MUSEUM FOR THE 21ST CENTURY. WORKING WITH THE NATIONAL PARK SERVICE, THE FOUNDATION LOOKS TO MAINTAIN THE MUSEUM'S EXCEPTIONAL STORYTELLING, WHILE DEEPENING THE EXPERIENCE FOR THE CONTEMPORARY VISITOR. 2141991 6042906 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 2022 APPROXIMATELY 1,832,666 VISITORS WERE PROVIDED AUDIO TOURS. 424998 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 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. 269255 439420 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 16 MILLION PAGE VIEWS AND 2.1 MILLION UNIQUE VISITORS IN FISCAL YEAR 2022. REVENUES ARE GENERATED BY RESERVATION FEES FOR TERMINALS AT THE CENTER, AS WELL AS SALES FROM HISTORICAL DOCUMENTS, SHIP IMAGES, AND OTHER MISSION-RELATED PRODUCTS ON THE WEB AND AT THE CENTER. 217574 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 MORE THAN 122,000+ FOLLOWERS ON FACEBOOK, YOUTUBE, TWITTER, INSTAGRAM, AND LINKEDIN. FOUNDATION CURATES AND DEVELOPS VIRTUAL EDUCATIONAL EXPERIENCES, WHICH WERE EXPANDED SIGNIFICANTLY DURING THE PANDEMIC. THESE OFFERINGS ENSURE OUR ABILITY TO CONTINUE CULTIVATING NEW AUDIENCES WHILE ALSO PROVIDING CONTENT FOR TEACHERS AND STUDENTS. MATERIALS INCLUDE LIVE EARTHCAM VIEWS, AN AUGMENTED REALITY APP, VIRTUAL TOURS, VIDEOS DISPELLING MYTHS, INFORMATIVE VIDEOS, FAMILY HISTORY RESEARCH TOOLS, AND MORE. ENLISTING SUBJECT-AREA EXPERTS FROM OUR OWN STAFF, HISTORY ADVISORY COMMITTEE, AND THIRD PARTIES, SOLEIF HAS HOSTED EDUCATIONAL PRESENTATIONS RELEVANT TO THE MONUMENTS' HISTORIES AND IMMIGRANT EXPERIENCES. THE FOUNDATION PARTNERS FOR SELECT PROGRAMMING ON THE ISLANDS, SUCH AS A COLLABORATION WITH THE FRENCH EMBASSY TO DISPLAY A REPLICA OF THE STATUE OF LIBERTY. 125881 MAINTENANCE OF THE PEOPLING OF AMERICA EXHIBITS: TO SUPPORT THE NATIONAL PARK SERVICE, FOUNDATION STAFF CARE FOR THE ONGOING MAINTENANCE OF TECHNOLOGY-RELATED EXHIBITS IN THE ELLIS ISLAND IMMIGRATION MUSEUM. THESE INCLUDE INTERACTIVE EXHIBITS, A/V, AND TOUCHSCREENS. 104320 MAINTENANCE OF THE STATUE OF LIBERTY MUSEUM EXHIBITS: SINCE THE OPENING OF THE MUSEUM IN 2019, FOUNDATION STAFF CARE FOR THE ONGOING MAINTENANCE OF TECHNOLOGY-RELATED EXHIBITS. EXHIBITS CARED FOR BY FOUNDATION STAFF INCLUDE THE IMMERSIVE THEATER WITH THREE ENORMOUS SCREENS, THE POPULAR INTERACTIVE BECOMING LIBERTY EXHIBIT, AND THE LIBERTY STAR VIDEO TERMINALS. 717030 439420 5866386 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 12 0 1 20 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 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 RENEE WOOD 2125614500 17 BATTERY PLACE 232 NEW YORK NY 10004 X JESSE BRACKENBURY DIR/PRES/CEO (FROM 5/1/21) 40.00 X X 257203 0 18682 STEPHEN BRIGANTI DIR/PRES/CEO (UNTIL 4/30/21) 40.00 X X 179451 0 13863 ALBERT BELLAS DIRECTOR 1.00 X 0 0 0 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 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 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 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 214587 0 33981 JESSICA BARRETO CONTROLLER & SECRETARY (3/5/22) 40.00 X 180188 0 29397 RENEE WOOD CFAO & SECRETARY (FROM 2/17/22) 40.00 X 0 0 0 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 40.00 X 192104 0 11944 SUZANNE MANNION DIRECTOR OF PUBLIC AFFAIRS 40.00 X 136321 0 8731 1159854 0 116598 6 0 1 0 RALPH APPLEBAUM 88 PINE STREET NEW YORK NY 10005 MUSEUM DESIGN SERVICES 2002902 ACOUSTIGUIDE 555 8TH AVE SUITE 1009 NEW YORK NY 10018 AUDIO TOUR SERVICES 936055 PHELPS CONSTRUCTION 315 WOOTTON STREET BOONTON NJ 07005 CONSTRUCTION SERVICES 723002 ONE SOURCE PRODUCTION 38590 BETTIS DRIVE HAMILTON VA 20158 FULFILLMENT SERVICES 386202 HIGHLAND ASSOCIATES 102 HIGHLAND AVE CLARKS SUMMIT PA 18411 MUSEUM ENGINEERING & ARCHITECTURE SERVIC 382140 13 792668 8938460 5080 9731128 AUDIO TOURS 713990 6042906 6042906 HISTORY CENTER ADMISSION 713990 167150 167150 6210056 633830 79567 554263 28480441 25898366 2582075 2582075 2582075 347137 74867 272270 272270 19429359 6482326 79567 3136338 X 1210157 2838 998735 208584 1101793 644604 317577 139612 54886 30166 18309 6411 196266 79640 83244 33382 186481 54354 103451 28676 24754 24754 67069 67069 103800 103800 85000 85000 4962074 4752770 149393 59911 6980 75 6905 189310 21220 165974 2116 368608 33033 290257 45318 257530 73702 135430 48398 4505 4156 349 3609 1711 1898 17 17 539500 170407 270414 98679 40087 3652 35094 1341 DIRECT MAIL 279583 279583 POSTAGE, DELIVERY & SHI 196747 36417 160330 EVENT DIRECT EXPENSES 31483 31483 FEDERAL EXCISE TAX 4000 4000 9914239 5866386 2822560 1225293 3710094 6576980 2152016 1057324 106554 501912 66668 80131 409451 289384 5812871 5227395 841346 585476 44354094 53109057 17535232 14070312 35988 35993 69211443 76306569 2236254 1239652 447500 0 2683754 1239652 X 57392182 66168568 9135507 8898349 66527689 75066917 69211443 76306569 9515120 -975892 0 X 0 1 X 1 0 X 16792546 16689870 6002186 3477853 9731128 52693583 16792546 16689870 6002186 3477853 9731128 52693583 14531652 38161931 1417184 1318671 71112 521300 554263 3882530 29942 26505 7632 26747 79567 170393 1921 14696 411 12892 29920 56776426 53782383 0.67210 0.78240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44851959 1737749 1000000 85000 45504708 33357989 12578970 1000000 85000 44851959 38653322 -4206054 1000000 89279 33357989 41049906 -462268 1852826 81490 38653322 38929003 4104468 1900000 83565 41049906 1.00000 0 0 1472358 1432220 40138 1852328 1720970 131358 2488185 2074205 413980 585476 PARTNERSHIP INVESTMENTS 14070312 F 14070312 X 18454332 -975892 10998 -964894 19419226 85000 -74867 10133 19429359 9915104 10998 74867 85865 9829239 85000 85000 9914239 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, 2022 AND 2021, UBIT EXPENSES WERE APPROXIMATELY $17,000 AND $5,000, 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 -74,867. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 74,867. 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 0 0 INVESTMENTS 10505620 0 0 0 0 0 0 10505620 0 10505620 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 103800 -103800 103800 -103800 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 (FROM 5/1/21) 231730 0 0 0 25473 0 0 0 18682 0 275885 0 0 0 THOMAS TOLENTINO SENIOR VP & COO 214587 0 0 0 0 0 11667 0 22314 0 248568 0 0 0 JESSICA BARRETO CONTROLLER & SECRETARY (3/5/22) 180188 0 0 0 0 0 9992 0 19405 0 209585 0 0 0 RICHARD P FLOOD VP & CHIEF ADVANCEMENT OFFICER 192104 0 0 0 0 0 10264 0 1680 0 204048 0 0 0 STEPHEN BRIGANTI DIR/PRES/CEO (UNTIL 4/30/21) 179451 0 0 0 0 0 7569 0 6294 0 193314 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. 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 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 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 181,826. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 181,826. AUDIO TOUR FEE: PROGRAM SERVICE EXPENSES 901,481. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 901,481. AUDIO TOUR CONTRACTOR: PROGRAM SERVICE EXPENSES 1,240,510. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,240,510. ARCHITECTURAL FEES: PROGRAM SERVICE EXPENSES 369,255. MANAGEMENT AND GENERAL EXPENSES 7,787. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 377,042. DESIGN FEES: PROGRAM SERVICE EXPENSES 1,799,214. MANAGEMENT AND GENERAL EXPENSES 34,285. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,833,499. EXHIBITRY FABRICATION: PROGRAM SERVICE EXPENSES 115,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,780. PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 132,598. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,598. DONOR WALL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 77,625. FUNDRAISING EXPENSES 2,500. TOTAL EXPENSES 80,125. FUNDRAISING SYSTEM: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 29,512. TOTAL EXPENSES 29,512. OFFICE CLEANING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,829. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,829. FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 3,651. MANAGEMENT AND GENERAL EXPENSES 1,255. FUNDRAISING EXPENSES 24,367. TOTAL EXPENSES 29,273. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 8,455. MANAGEMENT AND GENERAL EXPENSES 19,487. FUNDRAISING EXPENSES 3,532. TOTAL EXPENSES 31,474. GEESE CONTROL/MOVING COSTS FY21: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,125. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,125.