2022-11-14T14:00:57-06:00 2021-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-01-01 311734086 FRIENDS OF THE HIGH LINE INC FRIE 2122069922 820 WASHINGTON STREET NEW YORK NY 100141406 JOSHUA DAVID INTERIM EXECUTIVE DIRECTOR 2122069922 2022-11-15 1 JOSHUA DAVID XXX-XX-XXXX MICHAEL WALLACE P00881958 2126972299 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOSHUA DAVID 820 WASHINGTON STREET NEW YORK NY 100141406 121791000 0 X WWW.THEHIGHLINE.ORG X 2000 NY FRIENDS OF THE HIGH LINE IS A NON-PROFIT PARK CONSERVANCY RESPONSIBLE FOR MAINTAINING AND OPERATING AN EXTRAORDINARY PUBLIC SPACE ON THE HIGH LINE. THE HIGH LINE IS A 1.45-MILE ELEVATED FREIGHT RAIL LINE TRANSFORMED INTO A PUBLIC PARK ON MANHATTAN'S WEST SIDE. 37 36 178 128 0 0 17524000 14599000 886000 1044000 849000 12665000 855000 579000 20114000 28887000 0 0 0 0 10230000 10083000 280000 443000 2962000 4805000 7123000 15315000 17649000 4799000 11238000 106621000 104041000 3219000 3313000 103402000 100728000 X FRIENDS OF THE HIGH LINE WORKS TO BUILD AND MAINTAIN AN EXTRAORDINARY PUBLIC SPACE ON THE HIGH LINE. WE SEEK TO PROTECT THE ENTIRE HISTORIC STRUCTURE, TRANSFORMING AN ESSENTIAL PIECE OF NEW YORK'S INDUSTRIAL PAST AND INSPIRING NEW WAYS OF THINKING ABOUT THE CITY, PARKS, PUBLIC SPACE, PRESERVATION, AND COMMUNITY. WE PROVIDE VIRTUALLY ALL OF THE HIGH LINE'S ANNUAL OPERATING BUDGET AND ARE RESPONSIBLE FOR THE MAINTENANCE OF THE PARK, PURSUANT TO A LICENSE AGREEMENT WITH THE NEW YORK CITY DEPARTMENT OF PARKS & RECREATION. THROUGH EXCELLENCE IN OPERATIONS, STEWARDSHIP, INNOVATIVE PROGRAMMING, AND WORLD-CLASS DESIGN, WE SEEK TO ENGAGE THE VIBRANT AND DIVERSE COMMUNITY ON AND AROUND THE HIGH LINE. 0 0 4619000 712000 HIGH LINE OPERATIONS: IN 2021, FRIENDS OF THE HIGH LINE HAD YET ANOTHER YEAR OF EXCELLENT SAFETY RECORDS FOR OPERATIONS ACROSS THE ENTIRE PARK FROM GANSEVOORT STREET TO WEST 34TH STREET. PARK OPERATIONS CONTINUED TO INCLUDE COVID-19 SAFETY PROTOCOL IN ACCORDANCE WITH CDC AND NEW YORK STATE GUIDELINES. THE OPERATIONS TEAM CLEARED RECORD SNOWFALL, MAINTAINED TRASH REMOVALS (4,500 BAGS OF RECYCLING AND 17,000 BAGS OF TRASH), SUPPORTED THE RESUMING OPERATION OF THE FOOD PROGRAM, PUBLIC PROGRAMS, FUNDRAISING EVENTS, CORPORATE PARTNERSHIPS AND ACTIVATIONS IN THE PARK. THE TEAM MANAGED GARDENS THROUGHOUT THE PARK INCLUDING PLANTING (1,000 PLANTS), WEEDING, PRUNING, WATERING, AND PLANT DEBRIS REMOVAL WITH OUR PUBLIC PARTNERS' COMPOSTING PROGRAM (150 CUBIC YARDS). THE PARK WELCOMED 2.7 MILLION VISITORS AND CONTINUED WITH A SEASONAL TIMED-ENTRY SYSTEM THAT HELPED PROVIDE SAFE AND EXTRAORDINARY EXPERIENCES FOR VISITORS AND STAFF. AS AN EFFORT TO STRENGTHEN OUR COMMITMENT AS AN ORGANIZATION TO PARK EQUITY IN NYC, THE OPERATIONS TEAM DONATED AN ESTIMATED $95,000 IN VALUE OF PLANTS, CONCRETE PLANKS, AND TRASH CAN RECEPTACLES TO GREENTHUMB COMMUNITY GARDENS AND NYC PARKS DEPARTMENT. 3436000 PROGRAMMING, ART AND EDUCATION:IN 2021, FHL EXHIBITED THE WORK OF 45 ARTISTS IN THE PARK, THROUGH 6 VIDEO EXHIBITIONS, 10 SCULPTURE COMMISSIONS, 1 MURAL, 2 PERFORMANCES, 1 FESTIVAL, AND THE SECOND MONUMENTAL-SCALE SCULPTURE OF THE HIGH LINE PLINTH PROGRAM. IN ADDITION, THE ART DEPARTMENT EXHIBITED A SHORTLIST OF 12 MAQUETTES OF PROPOSED ARTWORKS FOR THE THIRD AND FOURTH HIGH LINE PLINTH COMMISSIONS. FHL CONTINUED TO GROW THE REACH OF THE HIGH LINE NETWORK--A STRATEGIC HUB FOR LEADERS REUSING INFRASTRUCTURE ACROSS NORTH AMERICA. THE NETWORK SUPPORTED A COHORT OF MEMBERS TO UNDERGO AN EIGHT-MONTH RACIAL EQUITY TRAINING AND COACHING PROGRAM, BUILDING ORGANIZATIONAL CAPACITY AND EXPERTISE. THE EQUITABLE IMPACTS FRAMEWORK PILOT PROCESS WAS COMPLETED AFTER TWO YEARS, AND DEVELOPMENT FOR THE SUBSEQUENT PUBLICLY AVAILABLE COMMUNITY FIRST TOOLKIT BEGAN. THE NETWORK CONTINUED MONTHLY ENGAGEMENT WITH NETWORK MEMBERS TO SHARE AND LEARN AROUND CRITICAL ISSUES SHAPING PUBLIC SPACES TODAY. THE NETWORK ALSO LAUNCHED ITS FIRST SENIOR AND RESEARCH FELLOWSHIP TO SUPPORT LEADERS OF COLOR IN THE INFRASTRUCTURE REUSE FIELD.FHL CONTINUED TO GROW ITS EDUCATION EFFORTS THROUGH HIGH LINE TEENS, SCHOOL PARTNERSHIPS, AND FAMILY PROGRAMS. FHL PROVIDED EMPLOYMENT CONSISTING OF TRAINING, MENTORSHIP, AND PROFESSIONAL LEARNING EXPERIENCES FOR 30 LOCAL TEENAGERS THROUGH ITS FLAGSHIP HIGH LINE TEENS PROGRAM. HIGH LINE TEEN STAFF HAVE THE OPPORTUNITY TO ACCRUE UP TO 500 WORK HOURS EACH OVER THE COURSE OF A 9 MONTH PROGRAM. FHL ALSO OFFERED 8 MULTI-SESSION ART, SCIENCE AND DESIGN PROGRAMS AT NO COST TO FIVE PUBLIC SCHOOL PARTNERS. CURRICULUM WAS CREATED IN COLLABORATION WITH PARTNER CLASSROOM TEACHERS TO MAINTAIN EDUCATIONAL RIGOR AND, WHENEVER POSSIBLE, TO OFFER SCIENCE AND ART HIGH SCHOOL CREDITS TO STUDENTS TO SUPPORT THEM ON THEIR PATH TO GRADUATION. SCHOOL PARTNERSHIPS PROVIDED OVER 150 DIRECT SERVICE HOURS TO STUDENTS AND EMPLOYED 3 TEACHING ARTISTS WHO MAINTAINED THEIR OWN PROFESSIONAL PRACTICE IN A VARIETY OF DISCIPLINES. IN THE SUMMER OF 2021, FHL HOSTED A SERIES OF 8 FAMILY PROGRAMS ON THE PARK FOR FREE AND OPEN TO THE PUBLIC FEATURING HANDS-ON ACTIVITIES CENTERING ON THE THEMES OF WELLNESS AND HORTICULTURE. ALL PROGRAMS WERE DESIGNED AND STAFFED BY TEACHING ARTISTS AND HIGH LINE TEEN STAFF, SERVING AS PROFESSIONAL LEARNING OPPORTUNITIES FOR THE YOUTH. FAMILY PROGRAMS PROVIDED OVER 20 HOURS OF FREE ALL-AGES PROGRAMMING TO VISITORS ON THE HIGH LINE. FHL CONTINUED TO GROW THE IMPACT OF THE COMMUNITY ENGAGEMENT DEPARTMENT BY BUILDING AND SUSTAINING RELATIONSHIPS WITH COMMUNITY STAKEHOLDERS. PROGRAMMATIC ACTIVITIES INCLUDED RELAUNCHING THE HIGH LINE NEIGHBORS COUNCIL, AN ADVISORY GROUP OF 15 COMMUNITY MEMBERS WHO MET MONTHLY, PROVIDED INSIGHT AND FEEDBACK REGARDING HIGH LINE PRIORITIES, AND LAUNCHED THE FIRST ITERATION OF THE NEIGHBOR TO NEIGHBOR FUND PARTICIPATORY GRANTMAKING INITIATIVE. THE PUBLIC SPACE ALLIANCE AND SUSTAINABLE GARDENS PROJECT PEER-TO-PEER NETWORK PROGRAMS CONTINUED TO PROVIDE TECHNICAL ASSISTANCE SUPPORT TO 20 SITES, STRENGTHENING AND FOSTERING CONNECTIONS AMONG SMALL PARKS, GARDENS, AND ADAPTIVE REUSE PROJECTS ACROSS THE FIVE BOROUGHS OF NEW YORK CITY. VIRTUAL PROGRAMMING TARGETING OLDER ADULTS WAS PILOTED THROUGH A PARTNERSHIP WITH A LOCAL SENIOR SERVICES ORGANIZATION. FHL ALSO WORKED WITH 128 VOLUNTEERS WHO SUPPORTED THE ORGANIZATION THROUGH 4,100 HOURS AS DOCENTS, GREETERS, HORTICULTURAL ASSISTANTS, AMBASSADORS, AND PHOTOGRAPHERS. 2180000 HIGH LINE PLANNING, CONSTRUCTION AND CAPITAL REPAIRS:IN 2021, FHL STARTED DESIGN AND CONSTRUCTION WORK ON A MAJOR CAPITAL PROJECT, ADVANCED THE PLANNING AND DESIGN PHASES FOR ADDITIONAL SMALL AND LARGE-SCALE PROJECTS, AND COMPLETED A RANGE OF CAPITAL IMPROVEMENTS ON THE EXISTING HIGH LINE.FHL STARTED ONE OF ITS MOST AMBITIOUS CAPITAL PROJECTS IN 2021. FRIENDS OF THE HIGH LINE, ALONG WITH EMPIRE STATE DEVELOPMENT CORP. AND BROOKFIELD PROPERTIES, DEVELOPED PLANS FOR THE HIGH LINE X MOYNIHAN CONNECTOR PROJECT. DESIGN WORK STARTED IN JANUARY 2021 AND WAS COMPLETED BY SEPTEMBER; A MAJORITY OF THE PROJECT'S AGENCY APPROVALS WERE IN PLACE BY THE END OF THE YEAR. THE CONSTRUCTION MANAGEMENT TEAM INITIATED THE PROCUREMENT PROCESS LATE 2021 AND THE PROJECT FOUNDATIONS BROKE GROUND IN FEBRUARY 2022. THIS IS AN EXCITING PROJECT FOR FHL AND ONE THAT WE LOOK FORWARD TO COMPLETING AND OPENING TO THE PUBLIC IN SPRING 2023.PLANNING AND DESIGN WORK CONTINUED FOR A NUMBER OF CRITICAL REPAIR AND REHABILITATION PROJECTS THROUGHOUT THE YEAR. THESE PROJECTS INCLUDED THE RESTORATION OF THE LAWN AT 22ND ST, PLANTING AND PAVING AREAS AT THE SUNDECK, AND RECONSTRUCTION OF A PLYWOOD WALL STRUCTURE AT THE 14TH ST PASSAGE SPACE. IN LATE 2021, FHL ADVANCED THE APPROVALS AND PROCUREMENT PROCESS FOR THE RECONSTRUCTION OF THE STAIRS AT 20TH, 26TH, AND 28TH STREETS; CONSTRUCTION IS SCHEDULED TO START AT THE END OF AUGUST 2022. LASTLY, FHL MANAGED THE DESIGN AND APPROVAL PROCESS FOR OUR NEW RESTAURANT TENANT AT 820 WASHINGTON ST. 1381000 0 COMMUNICATIONS 310000 527000 RETAIL, VENUE RENTALS AND CONCESSIONS 1691000 527000 11926000 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 1 0 0 0 0 0 0 0 1 98 0 178 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 37 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CT NJ X THE ORGANIZATION 2122069922 820 WASHINGTON STREET NEW YORK NY 100141406 ROBERT HAMMOND CO-FOUNDER & EXECUTIVE DIRECTOR 40.00 X X 665804 0 27880 MARIO J PALUMBO JR CHAIR 3.00 X X 0 0 0 SUSAN VINIAR VICE CHAIR 3.00 X X 0 0 0 JASON STEWART TREASURER 3.00 X X 0 0 0 PETER S WILSON SECRETARY 3.00 X X 0 0 0 PHILIP E AARONS FOUNDING CHAIR 1.00 X 0 0 0 KAREN ANN HERSKOVITZ MEMBER 1.00 X 0 0 0 JENNIFER ALLAN SOROS MEMBER 1.00 X 0 0 0 JOHN H ALSCHULER JR MEMBER 1.00 X 0 0 0 JOHN BLONDEL MEMBER 1.00 X 0 0 0 AMANDA M BURDEN MEMBER 1.00 X 0 0 0 URSULA M BURNS MEMBER 1.00 X 0 0 0 SHARON DAVIS MEMBER 1.00 X 0 0 0 KRISTEN M DICKEY MEMBER 1.00 X 0 0 0 CHERYL COHEN EFFRON MEMBER 1.00 X 0 0 0 ELLEN FITZSIMMONS MEMBER 1.00 X 0 0 0 ALEXANDRE VON FURSTENBERG MEMBER 1.00 X 0 0 0 GARY HANDEL MEMBER 1.00 X 0 0 0 JEFFREY HARRIS MEMBER 1.00 X 0 0 0 HERMINE RIEGERL HELLER MEMBER 1.00 X 0 0 0 J TOMILSON HILL MEMBER 1.00 X 0 0 0 SANDRA JACKSON-DUMONT MEMBER 1.00 X 0 0 0 WENDY KEYS MEMBER 1.00 X 0 0 0 JANE LAUDER MEMBER 1.00 X 0 0 0 HEATHER LEVIN MEMBER 1.00 X 0 0 0 CATHERINE C MARRON MEMBER 1.00 X 0 0 0 GIFFORD MILLER MEMBER 1.00 X 0 0 0 SARAH MIN MEMBER 1.00 X 0 0 0 ACKNEIL M MULDROW III MEMBER 1.00 X 0 0 0 DONALD R MULLEN JR MEMBER 1.00 X 0 0 0 MICHAEL PHILLIPS MEMBER 1.00 X 0 0 0 STEVEN RUBENSTEIN MEMBER 1.00 X 0 0 0 DELORES RUBIN MEMBER 1.00 X 0 0 0 MITCHELL SILVER FAICP MEMBER 1.00 X 0 0 0 DARREN WALKER MEMBER 1.00 X 0 0 0 JOANNE WILSON MEMBER 1.00 X 0 0 0 BRONSON VAN WYCK MEMBER 1.00 X 0 0 0 TARA MORRIS CHIEF ADVANCEMENT OFFICER 40.00 X 318273 0 18272 GAIL BELTRONE CHIEF OPERATING OFFICER 40.00 X 272499 0 5354 JOSHUA DAVID INTERIM CHIEF OPERATING OFFICER 40.00 X 73486 0 724 MAURICIO GARCIA CHIEF PROGRAM & ENGAGEMENT OFFICER 40.00 X 203880 0 20552 HARISH BHANDARI SR DIR OF MARKETING & COMMS 40.00 X 171576 0 12684 CECILIA ALEMANI CURATOR AND DIRECTOR OF HL ART 40.00 X 171269 0 17698 RAY BAMIDELE OLADAPO-JOHNSON VICE PRESIDENT OF PARK OPS 40.00 X 163457 0 27195 KRISTEN GELINAS SR DIR OF BUSINESS DEVELOPMENT 40.00 X 142229 0 13380 ASIMA JANSVELD VICE PRESIDENT OF THE HL NETWORK 40.00 X 142581 0 5000 TONY WONG SR DIR OF FINANCE & ASST TREASURER 40.00 X 167284 0 13380 2492338 0 162119 10 0 1 0 BOP SE SUBSIDIARY LLC 250 VESEY STREET 15TH FL NEW YORK NY 10281 CONSTRUCTION 1000000 NYC DEPARTMENT OF PARKS AND RECREATION 1234 FIFTH AVENUE 223 NEW YORK NY 10029 PARK SECURITY 401804 DILLER SCOFIDIO RENFO ARCHITECTS DPC 601 W 26TH ST 1815 NEW YORK NY 10001 DESIGN 275553 DUN-RITE SPECIALIZED CARRIERS 1561 SOUTHERN BOULEVARD BRONX NY 10460 ART INSTALLATION 236680 ALPINE CONSTRUCTION & LANDSCAPING 404 FIFTH AVE NEW YORK NY 10018 CONSTRUCTION & LANDSCAPING 217266 18 2950000 2145671 9503329 572000 14599000 REPAIRS, MAINTENANCE AND IMPROVEM 713990 897000 897000 SUBLICENSING CONCESSION INCOME 713990 145000 145000 FIELD TRIPS AND WALKING TOURS 713990 2000 2000 1044000 1409000 1409000 384000 0 384000 384000 384000 103653000 92397000 11256000 11256000 11256000 502000 2950000 502000 0 5000 5000 0 OTHER REVENUE 900099 195000 195000 195000 28887000 1239000 0 13049000 1772000 418000 1085000 269000 6837000 4996000 642000 1199000 265000 188000 29000 48000 714000 510000 108000 96000 495000 299000 92000 104000 63000 18000 43000 2000 54000 54000 42000 42000 443000 443000 99000 99000 1759000 1049000 426000 284000 97000 42000 8000 47000 94000 80000 1000 13000 44000 31000 6000 7000 110000 18000 35000 57000 177000 162000 2000 13000 71000 48000 9000 14000 HIGH LINE CONSTRUCTION 1920000 1920000 ART PRODUCTION 923000 923000 SECURITY 475000 464000 11000 SUPPLIES 398000 256000 30000 112000 797000 504000 92000 201000 17649000 11926000 2761000 2962000 5029000 5782000 16000 18000 27811000 16155000 741000 784000 204000 247000 1953000 1595000 477000 358000 63564000 75509000 8779000 5188000 106621000 104041000 1029000 1482000 1953000 1532000 237000 299000 3219000 3313000 X 62612000 71137000 40790000 29591000 103402000 100728000 106621000 104041000 X 11238000 -4471000 -9441000 X X 0 1 X 1 0 X 15600000 13212000 12433000 17524000 14599000 73368000 15600000 13212000 12433000 17524000 14599000 73368000 6311863 67056137 3404000 2692000 3376000 1184000 1793000 12449000 85817000 10625000 0.78140 0.74030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 43964 0 0 43964 0 PART II-B, LINE 1: IN 2021, FHL STAFF AND OUTSIDE CONSULTANTS ENGAGED IN LOBBYING ACTIVITIES WITH REPRESENTATIVES FROM VARIOUS NYC AND NYS AGENCIES REGARDING HIGH LINE MAINTENANCE AND OPERATIONS, HIGH LINE PROGRAMMING, COMMUNITY RELATIONS AND ENGAGEMENT, AND SOLICITATION OF FUNDS. 54814000 8103000 136000 62781000 51695000 3724000 605000 54814000 44981000 7241000 527000 51695000 49168000 62000 -2938000 1311000 44981000 40501183 3802000 5544817 680000 49168000 0.85977 0.09307 0.04716 0 0 1643000 1286000 357000 310000 309000 1000 358000 REFUNDABLE DEPOSITS PAYABLE 37000 SECTION 457 RETIREMENT PLAN PAYABLE 262000 299000 15197000 -4471000 321000 -9441000 -13591000 28788000 99000 99000 28887000 17871000 321000 321000 17550000 99000 99000 17649000 PART V, LINE 4: THE ENDOWMENT FOR SUSTAINABILITY IS USED TO SUPPORT THE OPERATIONS OF THE HIGH LINE INCLUDING, BUT NOT LIMITED TO, HORTICULTURE, MAINTENANCE, VISITOR SERVICES, PUBLIC PROGRAMS, PUBLIC ART COMMISSIONS, AND SCHOOL AND YOUTH PROGRAMS. THE HORTICULTURE AND STEWARDSHIP FUND IS USED TO SUPPORT THE HORTICULTURE CARE AND GENERAL MAINTENANCE OF THE PUBLIC PARK ON THE HIGH LINE. THE PUBLIC PROGRAMS FUND IS USED TO SUPPORT PUBLIC PROGRAMS ON THE PARK, INCLUDING THE HIGH LINE TEEN JOB PROGRAM, SCHOOL FIELD TRIPS, AND PUBLIC ART PROJECTS. THE BOARD DESIGNATED HIGH LINE FUND IS USED TO SUSTAIN THE PARK'S LONG-TERM MAINTENANCE AND OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF RESTRICTED PLEDGES -9,441,000. X X X X X 1 MKDM 612 EAST JEFFERSON STREET CHARLOTTESVILLE VA 22902 DIRECT RESPONSE STRATEGY COUNSEL 0 899173 140728 758445 JOSHUA DAVID 354 WEST 21ST STREET NEW YORK NY 10011 FUNDRAISING CONSULTANT 0 0 202500 0 HSH CONSULTING 140 WEST 132ND STREET 2 NEW YORK NY 10027 CAMPAIGN FEASIBILITY STUDY 0 0 80000 0 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 FUNDRAISING CONSULTANT 0 0 20000 0 899173 443228 758445 NY CT NJ BENEFIT DINNER 2213000 1882000 331000 99000 200000 18000 14000 ART DINNER 1239000 1068000 171000 69000 97000 3000 2000 0 3452000 2950000 502000 168000 297000 21000 16000 502000 0 X X X X X X 0 1 0 0 0 0 0 0 0 ROBERT HAMMOND CO-FOUNDER & EXECUTIVE DIRECTOR 585667 0 60000 0 20137 0 5000 0 22880 0 693684 0 0 0 TARA MORRIS CHIEF ADVANCEMENT OFFICER 316385 0 1500 0 388 0 5000 0 13272 0 336545 0 0 0 GAIL BELTRONE CHIEF OPERATING OFFICER 270177 0 1500 0 822 0 5000 0 354 0 277853 0 0 0 MAURICIO GARCIA CHIEF PROGRAM & ENGAGEMENT OFFICER 202158 0 1500 0 222 0 5000 0 15552 0 224432 0 0 0 HARISH BHANDARI SR DIR OF MARKETING & COMMS 169920 0 1500 0 156 0 5000 0 7684 0 184260 0 0 0 CECILIA ALEMANI CURATOR AND DIRECTOR OF HL ART 169616 0 1500 0 153 0 5000 0 12698 0 188967 0 0 0 RAY BAMIDELE OLADAPO-JOHNSON VICE PRESIDENT OF PARK OPS 160593 0 2500 0 364 0 5000 0 22195 0 190652 0 0 0 KRISTEN GELINAS SR DIR OF BUSINESS DEVELOPMENT 140622 0 1500 0 107 0 5000 0 8380 0 155609 0 0 0 TONY WONG SR DIR OF FINANCE & ASST TREASURER 165666 0 1500 0 118 0 5000 0 8380 0 180664 0 0 0 PART I, LINE 4B THE ORGANIZATION MAINTAINS A 457(B) DEFERRED COMPENSATION PLAN FOR CERTAIN ELIGIBLE EMPLOYEES. $19,500 OF DEFERRED COMPENSATION EXPENSE WAS INCURRED IN 2021 AND THAT AMOUNT WAS CONTRIBUTED TO ROBERT HAMMOND'S PLAN. X 12 572000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD MEMBERS, PHILIP AARONS AND MARIO PALUMBO, ARE PARTNERS IN THE SAME FOR-PROFIT CORPORATION. A THIRD BOARD MEMBER, GARY HANDEL, PROVIDES SERVICES TO THEIR CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE CONTROLLER AND REVIEWED BY THE SENIOR DIRECTOR OF FINANCE. THE 990 IS THEN FORWARDED TO THE ORGANIZATION'S ACCOUNTING FIRM FOR FINAL REVIEW. THE SENIOR DIRECTOR OF FINANCE AND CONTROLLER PRESENT THE 990 TO THE AUDIT & FINANCE COMMITTEE OF THE BOARD. THE 990 IS THEN MADE AVAILABLE TO BOARD MEMBERS FOR REVIEW AT A BOARD MEETING BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICTS OF INTEREST POLICY, EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY; D) HAS COMPLETED, REVIEWED OR UPDATED THEIR CONFLICT OF INTEREST DISCLOSURE E) UNDERSTANDS THAT FHL IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE AUDIT AND FINANCE COMMITTEE OVERSEES THE IMPLEMENTATION OF, AND COMPLIANCE WITH, FHL'S CONFLICTS OF INTEREST POLICY. UPON THE FIRST KNOWLEDGE BY AN INTERESTED PERSON THAT FHL OR THE BOARD OR A COMMITTEE THEREOF IS CONSIDERING OR HAS CONSIDERED A TRANSACTION, AGREEMENT OR OTHER ARRANGEMENT WITH AN ENTITY OR INDIVIDUAL IN WHICH THE INTERESTED PERSON HAS AN INTEREST, THE INTERESTED PERSON MUST DISCLOSE IN GOOD FAITH THE EXISTENCE OF, AND MATERIAL FACTS CONCERNING, HIS OR HER INTEREST TO THE AUDIT AND FINANCE COMMITTEE OF THE BOARD (THE "AUDIT COMMITTEE"). THE AUDIT COMMITTEE SHALL THEN DETERMINE, BY A VOTE OF NOT LESS THAN A MAJORITY OF THE MEMBERS OF THE AUDIT COMMITTEE PRESENT AT THE MEETING, WHETHER THE TRANSACTION, AGREEMENT OR OTHER ARRANGEMENT IS FAIR, REASONABLE AND IN THE BEST INTERESTS OF FHL AT THE TIME OF SUCH DETERMINATION AND SHALL MAKE A DECISION WHETHER TO ENTER INTO THE TRANSACTION, AGREEMENT OR OTHER ARRANGEMENT IN ACCORDANCE WITH SUCH DETERMINATION. WITH RESPECT TO ANY RELATED PARTY TRANSACTION IN WHICH AN INTERESTED PERSON OR HIS OR HER RELATED PARTIES HAS A SUBSTANTIAL FINANCIAL INTEREST, IN DETERMINING WHETHER THE TRANSACTION, AGREEMENT OR OTHER ARRANGEMENT IS FAIR, REASONABLE AND IN THE BEST INTERESTS OF FHL, THE AUDIT COMMITTEE SHALL REVIEW AVAILABLE INFORMATION REGARDING THE COST AND BENEFIT OF COMPARABLE ALTERNATIVE TRANSACTIONS, AGREEMENTS OR OTHER ARRANGEMENTS, IF ANY. FORM 990, PART VI, SECTION B, LINE 15 BEFORE THE START OF EACH FISCAL YEAR, THE ORGANIZATION'S COMPENSATION COMMITTEE COMPARES THE PROPOSED COMPENSATION OF EACH MEMBER OF THE EXECUTIVE TEAM WITH PEER NON-PROFIT ORGANIZATIONS. THE COMMITTEE ALSO EVALUATES EACH EXECUTIVE TEAM MEMBER'S PERFORMANCE TO ENSURE THAT PROPOSED ANNUAL INCREASES ARE APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 BY WRITTEN REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF RESTRICTED PLEDGES -9,441,000. FORM 990, PART XII, LINE 1: AMOUNTS REFLECTED IN THE 2021 FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2021 HAVE BEEN ROUNDED TO THE NEAREST THOUSAND TO CONFORM WITH THE PRESENTATION IN FHL'S AUDITED FINANCIAL STATEMENTS.