2022-11-03T07:34:42-04:00 2021-12-31 201696994 HOYT FILIPPETTI & MALAGHAN LLC 107 AIRPORT RD WESTERLY RI 028913420 990 2021-01-01 050506961 THE WATCH HILL CONSERVANCY WATC 4013155399 ONE BAY STREET WESTERLY RI 02891 PETER AUGUST PRESIDENT 4013486540 2022-10-27 true PETER AUGUST XXX-XX-XXXX TERENCE J MALAGHAN CPA P00171896 4015962000 2022-10-27 2021 2022-09-23 18:48:47Z PETER AUGUST 797061 false X WWW.THEWATCHHILLCONSERVANCY.ORG X 1999 RI THE WATCH HILL CONSERVANCY WAS INCORPORATED IN 1999 TO PROMOTE THE PRESERVATION OF THE NATURAL AND BUILT ENVIRONMENTS OF WATCH HILL, RI; TO CONSERVE, MAINTAIN, AND ENHANCE THE SCENIC, OPEN SPACE AND HISTORICAL VALUES AND THE CHARACTER OF WATCH HILL; TO EDUCATE THE PUBLIC CONCERNING THE SAME; TO ACQUIRE AND PRESERVE INTERESTS IN REAL PROPERTY; AND ANY OTHER PURPOSES INCIDENTAL TO THE AFORESAID PURPOSES, WHETHER ACCOMPLISHED WITHIN WATCH HILL OR IN OTHER NEARBY AREAS OF THE TOWN OF WESTERLY, RI OR STONINGTON, CT. 22 22 16 80 0 406224 412405 0 19294 73967 -27430 13398 398088 499770 0 0 168058 227706 0 19131 198946 317847 367004 545553 31084 -45783 2225068 2163750 59072 27939 2165996 2135811 X THE WATCH HILL CONSERVANCY WAS INCORPORATED IN 1999 TO PROMOTE THE PRESERVATION OF THE NATURAL AND BUILT ENVIRONMENTS OF WATCH HILL, RI; TO CONSERVE, MAINTAIN, AND ENHANCE THE SCENIC, OPEN SPACE AND HISTORICAL VALUES AND THE CHARACTER OF WATCH HILL; TO EDUCATE THE PUBLIC CONCERNING THE SAME; TO ACQUIRE AND PRESERVE INTERESTS IN REAL PROPERTY; AND ANY OTHER PURPOSES INCIDENTAL TO THE AFORESAID PURPOSES, WHETHER ACCOMPLISHED WITHIN WATCH HILL OR IN OTHER NEARBY AREAS OF THE TOWN OF WESTERLY, RI OR STONINGTON, CT. false false 180245 CONSERVATION EFFORTS - 2021 WAS THE 16TH YEAR OF THE CONSERVANCY'S INVOLVEMENT IN NAPATREE POINT CONSERVATION AREA PROGRAMMING, AND THE 9TH YEAR THAT THE CONSERVANCY HAS BEEN LEAD STEWARD OF NAPATREE, ASSUMING THIS ROLE FROM THE WATCH HILL FIRE DISTRICT IN 2013. THE CONSERVANCY CONDUCTS A VARIETY OF CONSERVATION AND ENVIRONMENTAL EDUCATION PROGRAMS IN THE CONSERVATION AREA. IT ALSO CONDUCTS ENVIRONMENTAL MONITORING AND ECOLOGICAL PRESERVATION ON NAPATREE. OUR POPULAR CHILDREN'S PROGRAM, THE NAPATREE INVESTIGATORS, RESUMED THIS YEAR (AFTER A ONE-YEAR HIATUS DUE TO THE PANDEMIC) AND HAD MORE THAN 50 PARTICIPANTS. OUR CONSERVATION EFFORTS INCLUDE THE STEWARDSHIP OF PROPERTIES CURRENTLY IDENTIFIED IN THE NAPATREE POINT CONSERVATION AREA CONSERVATION EASEMENT, AS WELL AS EXPLORING THE ACQUISITION OF OTHER REMAINING OUT-PARCELS OF NATURAL SIGNIFICANCE ON NAPATREE POINT. THIS YEAR WE COMPLETED THE ACQUISITION OF THE LARGEST REMAINING OUTPARCEL ON NAPATREE POINT, WHICH IS NOW HELD IN FEE SIMPLE OWNERSHIP BY THE CONSERVANCY WITH THE RI DEPARTMENT OF ENVIRONMENTAL MANAGEMENT HOLDING A CONSERVATION EASEMENT OVER THE PROPERTY TO ENSURE IT REMAINS AS OPEN SPACE IN PERPETUITY. NAPATREE POINT IS THE MOST PRISTINE BARRIER BEACH ECOSYSTEM IN THE REGION AND IS HIGHLY VALUED BY THE PUBLIC WHO VISIT THE CONSERVATION AREA YEAR-ROUND. CONSERVATION ACTIVITIES ALSO INCLUDE THE MAINTENANCE OF THE OTHER PROPERTIES CURRENTLY OWNED BY THE CONSERVANCY WHICH ARE OUTSIDE OF THE NAPATREE POINT CONSERVATION AREA. 154654 PRESERVING COMMUNITY CHARACTER - AN IMPORTANT PART OF THE CONSERVANCY'S MISSION IS TO PRESERVE AND ENHANCE THE HISTORIC CHARACTER OF THE COMMUNITY. MOST OF WATCH HILL IS RECOGNIZED AS A HISTORIC DISTRICT ON THE NATIONAL REGISTER OF HISTORIC PLACES AS DESIGNATED BY THE UNITED STATE SECRETARY OF THE INTERIOR AND THE NATIONAL PARK SERVICE. THE WATCH HILL HISTORIC DISTRICT'S DESIGNATION REPORT LISTS MORE THAN 180 STRUCTURES AS SIGNIFICANTLY CONTRIBUTING TO THE HISTORIC VALUE OF THE DISTRICT. THE HISTORIC CHARACTER OF WATCH HILL IS UNDER CONSTANT PRESSURE FROM DEVELOPMENT, CHANGES TO STATE AND TOWN BUILDING AND ZONING CODE, SEVERE WEATHER, AND INCREASED FLOODING FROM RISING SEAS. THE WATCH HILL CONSERVANCY HAS BEEN PARTICULARLY BUSY WORKING JOINTLY WITH THE WATCH HILL FIRE DISTRICT LEADERSHIP TO RESPOND TO THESE PRESSURES. IN 2021, THE CONSERVANCY WAS HIGHLY INVOLVED IN MONITORING PROPOSED DEVELOPMENT ACTIVITY THAT WOULD RESULT IN SIGNIFICANT CHANGE TO COMMUNITY CHARACTER OR HAVE NEGATIVE IMPACTS TO THE HISTORIC DISTRICT DESIGNATION. 98453 INFORMING THE COMMUNITY - 2021 WAS THE CONSERVANCY'S 4TH YEAR HOSTING THE LANPHEAR LIVE PRESENTATION SERIES. THE CONSERVANCY DESIGNED THE SERIES TO INFORM THE COMMUNITY ON TOPICS THAT ARE INTERESTING AND TIMELY, TYPICALLY COVERING AREAS SUCH AS SCIENCE, HISTORY, NATURE, AND TECHNOLOGY. LANPHEAR LIVE IS HELD IN THE CHAPLIN B. BARNES READING ROOM AT THE LANPHEAR LIVERY AND IS PROVIDED AT NO COST TO THOSE WHO ATTEND. THE VIRTUAL PRESENTATIONS WE HOSTED IN 2020 IN RESPONSE TO THE PANDEMIC WERE SO POPULAR THAT IN 2021 THE CONSERVANCY CONTINUED TO RECORD AND SHARE THE PROGRAMS WITH THE PUBLIC ON ITS YOUTUBE CHANNEL. OWNING AND MANAGING THE READING ROOM AS A COMMUNITY SPACE IS A NEW INITIATIVE FOR THE CONSERVANCY. THE CONSERVANCY ACQUIRED THE PROPERTY IN LATE 2020. CARRYING AND MAINTAINING THE SPACE RESULTS IN SIGNIFICANT COSTS TO THE ORGANIZATION WHICH ARE FIRST SEEN IN 2021. THE CONSERVANCY IS OFFSETTING THESE COSTS BY SEEKING OUTSIDE FUNDING TO SUPPORT THE COMMUNITY PROGRAMMING AND BY STARTING A RENTAL PROGRAM FOR INDIVIDUALS, BUSINESSES, AND OTHER NONPROFIT ORGANIZATIONS. ADDITIONALLY, THE CONSERVANCY IS LEADING A COMMUNITY-WIDE INITIATIVE TO EDUCATE THE COMMUNITY ON SEA LEVEL RISE AND STORM SURGE IMPACTING WATCH HILL. OUR 2021 PLANNING FOR A RESILIENT FUTURE WORK FOCUSED ON IDENTIFYING MITIGATION PLANS TO REDUCE CLIMATE CHANGE IMPACTS ON BAY STREET AND THE NAPATREE POINT CONSERVATION AREA FOR A 3-5' SEA LEVEL RISE SCENARIO. 1155 BAY STREET INFRASTRUCTURE AND STREETLIGHT PROJECT - THIS PROJECT BEGAN WITH A TWO-YEAR ENGINEERING STUDY AND YEARS OF CONSTRUCTION, ALLOWING FOR THE UNDERGROUNDING OF WIRES AND THE RELOCATION OF TRANSFORMERS. THE INSTALLATION OF AN UNDERGROUND DUCT ON BAY STREET BEGAN IN LATE 2011 IN CONJUNCTION WITH THE TOWN OF WESTERLY'S "TIP" PROJECT. SINCE, TOWN OF WESTERLY HAS FOCUSED ON A MULTITUDE OF BAY STREET IMPROVEMENTS SUCH AS NEW CURBING, CROSSWALKS, SIDEWALKS, AND PAVING. AT THE SAME TIME THE CONSERVANCY'S INSTALLATION OF STREETLIGHTS WAS COMPLETED AS WELL. 1155 434507 true true false false false false true false true false true false false false false false false false false false false false false false false false false false false false false true false false false true false false false false false false false false false false false true 8 0 true 16 false false false false false false false false false false false false false false false X 22 22 false false false false true true false true true false false true true true true true true true true false X X JOCELYN LAHEY 4013155399 ONE BAY STREET WESTERLY RI 02891 X DENNIS ALGIERE DIRECTOR 4.00 X 0 0 0 PETER AUGUST PRESIDENT 12.00 X 0 0 0 JOAN BETH BROWN DIRECTOR 4.00 X 0 0 0 LYDIA COTTRELL DIRECTOR 4.00 X 0 0 0 LAURENCE F WHITTEMORE III VICE PRESIDE 8.00 X X 0 0 0 WALTER S TOMENSON JR DIRECTOR 2.00 X 0 0 0 WILLIAM J MILLER JR DIRECTOR 4.00 X 0 0 0 T WILSON EGLIN JR DIRECTOR 2.00 X 0 0 0 GEORGIA JONES DIRECTOR 2.00 X 0 0 0 DEBORAH LAMM CHAIRMAN 25.00 X 0 0 0 THOMAS F MCWILLIAMS DIRECTOR 2.00 X 0 0 0 ROBERT C MURRAY DIRECTOR 6.00 X 0 0 0 ANDREW MUSSER DIRECTOR 2.00 X 0 0 0 WILLIAM H NICKERSON DIRECTOR 2.00 X 0 0 0 JOAN PATTON DIRECTOR 4.00 X 0 0 0 H BRIAN THOMPSON DIRECTOR 4.00 X 0 0 0 PETER GUMMESON TREASURER 8.00 X 0 0 0 GRANT G SIMMONS III VICE PRESIDE 10.00 X 0 0 0 JANE B O'CONNELL SECRETARY 8.00 X 0 0 0 RICHARD H SAYRE DIRECTOR 2.00 X 0 0 0 false false false 247076 165329 412405 10104 10104 337849 23188 297174 40675 23188 63863 63863 2110 117 1993 1993 READING ROOM RENTAL 11405 11405 11405 499770 75960 11405 56064 39245 11213 5606 148809 128973 17631 2205 6772 4741 1354 677 16061 13255 2208 598 177788 155119 17419 5250 2651 2651 3249 3249 18759 6649 11941 169 6042 2988 2058 996 56027 44667 11360 11846 11082 383 381 13680 2743 10937 NAPATREE POINT PROGRAMS 12465 12465 LANPHEAR LIVE 8717 8717 PROPERTY TAXES 2614 2614 DUES AND SUBSCRIPTIONS 1830 1830 2179 1249 930 545553 434507 91915 19131 123559 87468 29663 1117 4218 1409342 35052 1363580 1374290 712194 642153 2262 1218 22356 24740 2225068 2163750 41623 10490 17449 17449 59072 27939 X 2165996 2130811 5000 2165996 2135811 2225068 2163750 -45783 15598 X true X false true false X 298977 246617 421080 406224 412405 1785303 298977 246617 421080 406224 412405 1785303 518880 1266423 15460 18879 16212 28839 33292 112682 603 679 168 1164 1987 4601 11405 11405 1913991 75968 0.66170 0.62560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 3 65.44 1 false 3146.00 101921 false true X 1142809 1142809 208054 6224 201830 58479 28828 29651 1374290 SCHEDULE D, PAGE 1, PART II, LINE 9 LAND HELD FOR CONSERVATION IS STATED AT COST OR, IF DONATED, AT FAIR VALUE AT THE DATE OF CONTRIBUTION, WHICH WAS DETERMINED BY INDEPENDENT APPRAISERS. THE APPRAISERS ESTIMATED THE VALUES BASED ON THE PERMITTED USE OF THE LAND. MANAGEMENT BELIEVES THAT THE CARRYING VALUE APPROXIMATES FAIR VALUE. SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CONSERVANCY IS ACTING AS AN AGENT FOR THE WATCH HILL FIRE DISTRICT DURING THE YEAR ENDED DECEMBER 31, 2010, THE CONSERVANCY ACCEPTED A GRANT OF 50,000 ON BEHALF OF THE FIRE DISTRICT. THE REMAINING FUNDS OF 17,449 WILL BE DISBURSED AT THE DIRECTION OF THE FIRE DISTRICT IN ACCORDANCE WITH GRANT GUIDELINES. ONE BAY STREET CENTER INC COMMON BOARD MEMBERS PURCHASE OF CONDO UNITS false SEE NARRATIVE IN SCHEDULE O false FORM 990 - ORGANIZATION'S MISSION THE WATCH HILL CONSERVANCY WAS INCORPORATED IN 1999 TO PROMOTE THE PRESERVATION OF THE NATURAL AND BUILT ENVIRONMENTS OF WATCH HILL, RI; TO CONSERVE, MAINTAIN, AND ENHANCE THE SCENIC, OPEN SPACE AND HISTORICAL VALUES AND THE CHARACTER OF WATCH HILL; TO EDUCATE THE PUBLIC CONCERNING THE SAME; TO ACQUIRE AND PRESERVE INTERESTS IN REAL PROPERTY; AND ANY OTHER PURPOSES INCIDENTAL TO THE AFORESAID PURPOSES, WHETHER ACCOMPLISHED WITHIN WATCH HILL OR IN OTHER NEARBY AREAS OF THE TOWN OF WESTERLY, RI OR STONINGTON, CT. FORM 990, PAGE 2, PART III, LINE 4A CONSERVATION EFFORTS - 2021 WAS THE 16TH YEAR OF THE CONSERVANCY'S INVOLVEMENT IN NAPATREE POINT CONSERVATION AREA PROGRAMMING, AND THE 9TH YEAR THAT THE CONSERVANCY HAS BEEN LEAD STEWARD OF NAPATREE, ASSUMING THIS ROLE FROM THE WATCH HILL FIRE DISTRICT IN 2013. THE CONSERVANCY CONDUCTS A VARIETY OF CONSERVATION AND ENVIRONMENTAL EDUCATION PROGRAMS IN THE CONSERVATION AREA. IT ALSO CONDUCTS ENVIRONMENTAL MONITORING AND ECOLOGICAL PRESERVATION ON NAPATREE. OUR POPULAR CHILDREN'S PROGRAM, THE NAPATREE INVESTIGATORS, RESUMED THIS YEAR (AFTER A ONE-YEAR HIATUS DUE TO THE PANDEMIC) AND HAD MORE THAN 50 PARTICIPANTS. OUR CONSERVATION EFFORTS INCLUDE THE STEWARDSHIP OF PROPERTIES CURRENTLY IDENTIFIED IN THE NAPATREE POINT CONSERVATION AREA CONSERVATION EASEMENT, AS WELL AS EXPLORING THE ACQUISITION OF OTHER REMAINING OUT-PARCELS OF NATURAL SIGNIFICANCE ON NAPATREE POINT. THIS YEAR WE COMPLETED THE ACQUISITION OF THE LARGEST REMAINING OUTPARCEL ON NAPATREE POINT, WHICH IS NOW HELD IN FEE SIMPLE OWNERSHIP BY THE CONSERVANCY WITH THE RI DEPARTMENT OF ENVIRONMENTAL MANAGEMENT HOLDING A CONSERVATION EASEMENT OVER THE PROPERTY TO ENSURE IT REMAINS AS OPEN SPACE IN PERPETUITY. NAPATREE POINT IS THE MOST PRISTINE BARRIER BEACH ECOSYSTEM IN THE REGION AND IS HIGHLY VALUED BY THE PUBLIC WHO VISIT THE CONSERVATION AREA YEAR-ROUND. CONSERVATION ACTIVITIES ALSO INCLUDE THE MAINTENANCE OF THE OTHER PROPERTIES CURRENTLY OWNED BY THE CONSERVANCY WHICH ARE OUTSIDE OF THE NAPATREE POINT CONSERVATION AREA. FORM 990, PAGE 2, PART III, LINE 4B PRESERVING COMMUNITY CHARACTER - AN IMPORTANT PART OF THE CONSERVANCY'S MISSION IS TO PRESERVE AND ENHANCE THE HISTORIC CHARACTER OF THE COMMUNITY. MOST OF WATCH HILL IS RECOGNIZED AS A HISTORIC DISTRICT ON THE NATIONAL REGISTER OF HISTORIC PLACES AS DESIGNATED BY THE UNITED STATE SECRETARY OF THE INTERIOR AND THE NATIONAL PARK SERVICE. THE WATCH HILL HISTORIC DISTRICT'S DESIGNATION REPORT LISTS MORE THAN 180 STRUCTURES AS SIGNIFICANTLY CONTRIBUTING TO THE HISTORIC VALUE OF THE DISTRICT. THE HISTORIC CHARACTER OF WATCH HILL IS UNDER CONSTANT PRESSURE FROM DEVELOPMENT, CHANGES TO STATE AND TOWN BUILDING AND ZONING CODE, SEVERE WEATHER, AND INCREASED FLOODING FROM RISING SEAS. THE WATCH HILL CONSERVANCY HAS BEEN PARTICULARLY BUSY WORKING JOINTLY WITH THE WATCH HILL FIRE DISTRICT LEADERSHIP TO RESPOND TO THESE PRESSURES. IN 2021, THE CONSERVANCY WAS HIGHLY INVOLVED IN MONITORING PROPOSED DEVELOPMENT ACTIVITY THAT WOULD RESULT IN SIGNIFICANT CHANGE TO COMMUNITY CHARACTER OR HAVE NEGATIVE IMPACTS TO THE HISTORIC DISTRICT DESIGNATION. FORM 990, PAGE 2, PART III, LINE 4C INFORMING THE COMMUNITY - 2021 WAS THE CONSERVANCY'S 4TH YEAR HOSTING THE LANPHEAR LIVE PRESENTATION SERIES. THE CONSERVANCY DESIGNED THE SERIES TO INFORM THE COMMUNITY ON TOPICS THAT ARE INTERESTING AND TIMELY, TYPICALLY COVERING AREAS SUCH AS SCIENCE, HISTORY, NATURE, AND TECHNOLOGY. LANPHEAR LIVE IS HELD IN THE CHAPLIN B. BARNES READING ROOM AT THE LANPHEAR LIVERY AND IS PROVIDED AT NO COST TO THOSE WHO ATTEND. THE VIRTUAL PRESENTATIONS WE HOSTED IN 2020 IN RESPONSE TO THE PANDEMIC WERE SO POPULAR THAT IN 2021 THE CONSERVANCY CONTINUED TO RECORD AND SHARE THE PROGRAMS WITH THE PUBLIC ON ITS YOUTUBE CHANNEL. OWNING AND MANAGING THE READING ROOM AS A COMMUNITY SPACE IS A NEW INITIATIVE FOR THE CONSERVANCY. THE CONSERVANCY ACQUIRED THE PROPERTY IN LATE 2020. CARRYING AND MAINTAINING THE SPACE RESULTS IN SIGNIFICANT COSTS TO THE ORGANIZATION WHICH ARE FIRST SEEN IN 2021. THE CONSERVANCY IS OFFSETTING THESE COSTS BY SEEKING OUTSIDE FUNDING TO SUPPORT THE COMMUNITY PROGRAMMING AND BY STARTING A RENTAL PROGRAM FOR INDIVIDUALS, BUSINESSES, AND OTHER NONPROFIT ORGANIZATIONS. ADDITIONALLY, THE CONSERVANCY IS LEADING A COMMUNITY-WIDE INITIATIVE TO EDUCATE THE COMMUNITY ON SEA LEVEL RISE AND STORM SURGE IMPACTING WATCH HILL. OUR 2021 PLANNING FOR A RESILIENT FUTURE WORK FOCUSED ON IDENTIFYING MITIGATION PLANS TO REDUCE CLIMATE CHANGE IMPACTS ON BAY STREET AND THE NAPATREE POINT CONSERVATION AREA FOR A 3-5' SEA LEVEL RISE SCENARIO. FORM 990, PAGE 2, PART III, LINE 4D BAY STREET INFRASTRUCTURE AND STREETLIGHT PROJECT - THIS PROJECT BEGAN WITH A TWO-YEAR ENGINEERING STUDY AND YEARS OF CONSTRUCTION, ALLOWING FOR THE UNDERGROUNDING OF WIRES AND THE RELOCATION OF TRANSFORMERS. THE INSTALLATION OF AN UNDERGROUND DUCT ON BAY STREET BEGAN IN LATE 2011 IN CONJUNCTION WITH THE TOWN OF WESTERLY'S "TIP" PROJECT. SINCE, TOWN OF WESTERLY HAS FOCUSED ON A MULTITUDE OF BAY STREET IMPROVEMENTS SUCH AS NEW CURBING, CROSSWALKS, SIDEWALKS, AND PAVING. AT THE SAME TIME THE CONSERVANCY'S INSTALLATION OF STREETLIGHTS WAS COMPLETED AS WELL. FORM 990, PART VI LINE 28 - SOME MEMBERS OF THE CONSERVANCY'S BOARD ARE MEMBERS OF ONE BAY STREET CENTER BOARD FROM WHICH THE CONSERVANCY PURCHASED THREE UNITS IN THE LANPHEAR LIVERY CONDOMINIUM ASSOCIATION. SOME MEMBERS OF THE CONSERVANCY'S BOARD ARE TRUSTEES OF THE A.M. ROBERTS, JR. CHARITABLE FOUNDATION FROM WHICH THE CONSERVANCY REQUESTS GRANT FUNDING FOR A VARIETY OF PROGRAMS. THE CONSERVANCY CONTRACTS PETER V. AUGUST (CURRENT PRESIDENT) FOR PROFESSIONAL ASSISTANCE IN AREAS THAT ARE OUTSIDE OF, AND IN ADDITION TO, HIS ROLE AS PRESIDENT WHICH INCLUDE BUT ARE NOT LIMITED TO IT SYSTEMS AND WEBSITE MANAGEMENT, DATA MANAGEMENT, AND COMMUNICATIONS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATIONS MEMBERS HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATIONS MEMBERS HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE PRESIDENT, AD HOC FINANCE COMMITTEE, AND EXECUTIVE DIRECTOR. SUBSEQUENT TO THEIR REVIEW, THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS AND KEY EMPLOYEES ARE EXPECTED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. THE EXECUTIVE DIRECTOR AND ATTORNEY REGULARLY MONITOR FOUNDATION RELATIONSHIPS AND ARE RESPONSIBLE FOR RAISING CONFLICT OF INTEREST ISSUES. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY RECOMMENDATION OF THE EXECUTIVE COMMITTEE TO THE BOARD OF DIRECTORS. COMPENSATION IS BASED ON AN AGREED UPON ANNUAL AMOUNT. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION FOR CONSULTANTS AND INDEPENDENT CONTRACTORS IS DETERMINED BY RECOMMENDATION OF THE EXECUTIVE COMMITTEE TO THE BOARD OF DIRECTORS. COMPENSATION IS BASED ON AN AGREED UPON AMOUNT. OFFICERS AND DIRECTORS DO NOT RECEIVE COMPENSATION FOR THEIR SERVICES AS SUCH. FORM 990, PAGE 6, PART VI, LINE 19 990 MAY BE AVAILABLE ON THE GUIDESTAR WEBSITE. IN ADDITION, GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.