2025-08-07T07:10:32-05:00 2024-12-31 541487262 MATTHEWS CARTER & BOYCE 12500 FAIR LAKES CIRCLE SUITE 260 FAIRFAX VA 22033 990 2024-01-01 942578166 ISLAND PRESS ISLA 2022327933 2000 M STREETNW 480-B WASHINGTON DC 200363307 DAVID MILLER PRESIDENT 2022327933 2025-08-05 1 0 CHARLES R DEPPE P01300682 7032183600 2024 2025-03-06 01:10:19Z DAVID MILLER 2000 M STREETNW 480-B WASHINGTON DC 200363307 3378424 0 X WWW.ISLANDPRESS.ORG X 1978 CA TO PROVIDE THE LATEST INFORMATION AND THE BEST IDEAS TO THOSE WORKING TO SOLVE ENVIROMENTAL PROBLEMS AND TO HELP ENVIROMENTAL ORGANIZATIONS BETTER COMMUNICATE THE RESULTS OF THEIR WORK. 16 15 28 0 0 0 2923109 1315642 1868788 2045566 0 5240 14679 11976 4806576 3378424 0 0 0 0 2149760 2355857 0 0 323636 1749865 1845803 3899625 4201660 906951 -823236 4358965 3491818 613094 569183 3745871 2922635 X ISLAND PRESS CREATES, PUBLISHES AND PROMOTES POWERFUL IDEAS AND SOLUTIONS THAT HELP TRANSFORM LOCAL, NATIONAL, AND GLOBAL ENVIRONMENTAL PRACTICES AND POLICIES IN ORDER TO BETTER ECOLOGICAL AND HUMAN WELL-BEING. 0 0 1855754 1306423 RESEARCH AND PUBLICATIONISLAND PRESS PUBLISHES AND PROMOTES SCIENCE-BASED SOLUTIONS THAT HELP PEOPLE MAKE A POSITIVE DIFFERENCE FOR THE ENVIRONMENT. IN 2024, ISLAND PRESS PUBLISHED 18 NEW TITLES, SOLD 100,244 UNITS, AND DISTRIBUTED 4,985 FREE COPIES. AMONG THESE WERE:BARONS: "MONEY, POWER, AND THE CORRUPTION OF AMERICA'S FOOD INDUSTRY" (MARCH 2024), BY AUSTIN FRERICK. BARONS IS THE STORY OF SEVEN CORPORATE TITANS, THEIR RISE TO POWER, AND THE CONSEQUENCES FOR EVERYONE ELSE. BARONS PAINTS A STARK PORTRAIT OF THE CONSEQUENCES OF CORPORATE CONSOLIDATION, BUT IT ALSO SHOWS WE CAN CHOOSE A DIFFERENT PATH. A FAIR, HEALTHY, AND PROSPEROUS FOOD INDUSTRY IS POSSIBLEIF WE TAKE BACK POWER FROM THE BARONS WHO HAVE ROBBED US OF IT. THE BOOK WAS A BEST SELLER IN 2024 AND WAS EXCERPTED 13 TIMES BY PUBLICATIONS LIKE THE "DES MOINES REGISTER AND "SALON"."KILLED BY A TRAFFIC ENGINEER: SHATTERING THE DELUSION THAT SCIENCE UNDERLIES OUR TRANSPORTATION SYSTEM" (JUNE 2024), BY CIVIL ENGINEERING PROFESSOR WES MARSHALL, SHINES A SPOTLIGHT ON HOW LITTLE SCIENCE THERE IS BEHIND THE WAY THAT OUR STREETS ARE ENGINEERED, WHICH LEAVES SAFETY AS AN AFTERTHOUGHT. WHILE TRAFFIC ENGINEERS ARE NOT TRYING TO CAUSE DELIBERATE HARM TO ANYONE, HE EXPLAINS, THEY ARE GUILTY OF CREATING A TRANSPORTATION SYSTEM WHOSE DESIGNS REMAIN LARGELY BASED ON PLAUSIBLE, BUT UNPROVEN, CONJECTURE. "KILLED BY A TRAFFIC ENGINEER" IS ULTIMATELY HOPEFUL ABOUT WHAT IS POSSIBLE ONCE WE SHIFT OUR THINKING AND DEMAND STREETS ENGINEERED FOR THE SAFETY OF PEOPLE, BOTH OUTSIDE AND INSIDE OF CARS. THE BOOK WAS OUR BEST SELLER OF 2024; THE AUTHOR WAS INTERVIEWED ABOUT THE BOOK BY PUBLICATIONS SUCH AS PSYCHOLOGY TODAY AND THE GUARDIAN. DAVID ZIPPER OF "PAVED WITH GOOD INTENTIONS" PODCAST REMARKED ON HIS INTERVIEW WITH WES MARSHALL: "THE TOPIC SEEMS TO RESONATE; I THINK THIS IS THE MOST POPULAR Q&A WITH A BOOK AUTHOR I'VE EVER DONE.""THREAT MULTIPLIER: CLIMATE, MILITARY LEADERSHIP, AND THE FIGHT FOR GLOBAL SECURITY" (AUGUST 2024), BY SHERRI GOODMAN. "THREAT MULTIPLIER" TAKES US ONTO THE BATTLEFIELD AND INSIDE THE PENTAGON TO SHOW HOW THE US MILITARY IS CONFRONTING THE BIGGEST SECURITY RISK IN GLOBAL HISTORY: CLIMATE CHANGE. WHAT WAS THE KEY TO THIS DRAMATIC CHANGE IN MILITARY THINKING? WHAT KEEPS TODAY'S GENERALS AND ADMIRALS UP AT NIGHT? HOW CAN WE SAFEGUARD OUR NATIONAL DEFENSE AND OUR PLANET? NO ONE IS BETTER POISED TO ANSWER THESE QUESTIONS THAN SHERRI GOODMAN, WHO WAS AT THE VANGUARD OF ENVIRONMENTAL LEADERSHIP AMONG OUR ARMED FORCES AND CIVILIAN REPRESENTATIVES. THE BOOK HAS SOLD ALMOST 3,900 COPIES THROUGH MAY 2025 AND WAS REVIEWED IN THE WASHINGTON POST."THE HEAT AND THE FURY: ON THE FRONTLINES OF CLIMATE VIOLENCE" (SEPTEMBER 2024), BY PETER SCHWARTZSTEIN. AS SCHWARTZSTEIN DEFTLY SHOWS, CLIMATE CHANGE IS OFTEN THE SPARK THAT IGNITES LONG SMOLDERING FIRES, THE EXTRA SHOVE THAT PUSHES INDIVIDUALS, COMMUNITIES, AND EVEN NATIONS OVER THE LINE BETWEEN FRUSTRATION AND LETHAL FURY. WHAT, HE ASKS, CAN RATCHET DOWN THE AGGRESSION? CAN COOPERATION ON CLIMATE ACTUALLY BECOME A SALVE TO HEAL OLD WOUNDS? THERE ARE NO EASY ANSWERS ON A PLANET THAT IS FAST BECOMING A POWDER KEG. BUT SCHWARTZSTEIN'S INCISIVE ANALYSIS OF GEOPOLITICS, UNPARALLELED ON-THE-GROUND REPORTING, AND KEEN SENSE OF HUMAN NATURE OFFER THE CLEAREST PICTURE TO DATE OF THE VIOLENCE THAT THREATENS US ALL. A STARRED REVIEW IN PUBLISHERS WEEKLY SAID, "SCHWARTZSTEIN'S VIGNETTES OF EACH TROUBLED REGION ARE VIBRANTLY NARRATED....IT'S A RIVETING JOURNEY THROUGH A WORLD RUNNING HOT.""WHEN DRIVING IS NOT AN OPTION: STEERING AWAY FROM CAR DEPENDENCY" (MAY 2024), BY ANNA ZIVARTS. IN "WHEN DRIVING IS NOT AN OPTION" DISABILITY ADVOCATE ANNA LETITIA ZIVARTS SHINES A LIGHT ON THE NUMBER OF PEOPLE IN THE US WHO CANNOT DRIVE AND EXPLAINS HOW IMPROVING OUR TRANSPORTATION SYSTEM WITH NONDRIVERS IN MIND WILL CREATE A BETTER QUALITY OF LIFE FOR EVERYONE. DRAWING FROM INTERVIEWS WITH INVOLUNTARY NONDRIVERS FROM AROUND THE US AND FROM HER OWN EXPERIENCE, ZIVARTS EXPLAINS HOW NONDRIVERS GET AROUND AND THE CHANGES NECESSARY TO MAKE OUR COMMUNITIES MORE ACCESSIBLE. THE BOOK HAS SOLD NEARLY 3,700 COPIES THROUGH MAY 2025 AND HAS ALMOST 70 MEDIA PLACEMENTS SO FAR, INCLUDING IN "STREETSBLOG", "SLATE", AND "MEN'S JOURNAL". 1049941 739143 MARKETING, COMMUNICATION, AND DISTRIBUTIONISLAND PRESS COMMUNICATES INFORMATION ON ENVIRONMENTAL ISSUES AND SOLUTIONS TO GOVERNMENTAL, PROFESSIONAL, AND NON-PROFIT STAFF AND THEIR ORGANIZATIONS; BUSINESSES; STUDENTS AND PROFESSORS; AND GENERAL READERS. OUR PUBLICATIONS ARE DISTRIBUTED WORLDWIDE IN PRINT AND ELECTRONIC FORMATS, INCLUDING THROUGH AMAZON AND AMAZON'S KINDLE, AT BOOKSTORES, THROUGH ONLINE RETAILERS, AND VIA THE ISLAND PRESS WEBSITE. THEY ARE OFTEN TRANSLATED BY FOREIGN PUBLISHERS; IN 2024, 20 ISLAND PRESS TITLES WERE LICENSED FOR AUDIO AND TRANSLATION INTO NUMEROUS LANGUAGES, INCLUDING SIMPLIFIED CHINESE, KOREAN, AND PORTUGUESE. OVER THE COURSE OF THE YEAR, ISLAND PRESS' MARKETING TEAM SECURED ALMOST 2,200 MEDIA PLACEMENTS, INCLUDING 171 BOOK REVIEWS. WE SECURED MEDIA COVERAGE FOR OUR BOOKS AND AUTHORS IN LARGE NATIONAL OUTLETS, INCLUDING EIGHT IN THE "NEW YORK TIMES", NINE IN "MEDIUM", FIVE FOR "NPR", AND 13 IN "", TO BRING ENVIRONMENTAL SOLUTIONS TO THE PUBLIC. ALL OF ISLAND PRESS' MEDIA PLACEMENTS DURING 2024 POTENTIALLY GATHERED OVER 14 BILLION VIEWS. 299072 PROGRAM SERVICES/TECHNICAL ASSISTANCETHROUGH OUR SHORT-FORM PROGRAM (FORMERLY THE URBAN RESILIENCE PROJECT (URP)), ISLAND PRESS IMPROVES THE COMMUNICATIONS CAPACITY OF EMERGING LEADERS AND EDUCATE PRACTITIONERS ON THE LATEST ENVIRONMENTAL THINKING AND SOLUTIONS, INCREASING THEIR CAPACITY TO IMPLEMENT CHANGE. WE WORK CLOSELY WITH MOVEMENT LEADERS AND EMERGING THINKERS TO HELP THEM TELL THEIR STORY THROUGH ARTICLES, BLOG POSTS, OP-EDS, AND PLACE THEM IN MEDIA OUTLETS TO SHARE ENVIRONMENTAL LESSONS WIDELY. WE PROVIDE EDITORIAL AND MARKETING SUPPORT TO PUT THESE VOICES INTO THE NATIONAL CONVERSATION. AS A RESULT, WE PUBLISHED 91 ORIGINAL PIECES IN 2024, A 47% INCREASE IN THE NUMBER OF SHORT-FORM PIECES PUBLISHED OVER 2023. THE PIECES HAD 700 MILLION POTENTIAL VIEWS, AND WE GARNERED 3,500 SOCIAL MEDIA ENGAGEMENTS FOR THE OP-EDS, ESSAYS, AND ARTICLES, 1,000 MORE ENGAGEMENTS THAN 2023.IN 2024, THE SHORT-FORM PROGRAM WORKED WITH GROUPS LIKE GROUNDWORK USA, THE AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY, AND DEEP SOUTH CENTER FOR ENVIRONMENTAL JUSTICE TO PUBLISH ARTICLES AND MORE. FOR EXAMPLE, IN OCTOBER 2024, WE HELPED THE ENVIRONMENTAL HEALTH COALITION PUBLISH AN OP-ED ("MEASURE G WILL HELP ALL SAN DIEGO COMMUTERS, NOT JUST TRANSIT RIDERS") EDUCATING VOTERS ABOUT A BALLOT MEASURE THAT WOULD INCREASE TRANSIT FUNDING. TO FURTHER THE REACH OF OUR BOOKS AND AUTHORS, OUR PARTNERSHIP PROGRAM CREATED AND IMPLEMENTED 128 EVENTS INVOLVING ISLAND PRESS AUTHORS IN 2024, INCLUDING WEBINARS, CONFERENCE APPEARANCES, PODCASTS, IN-PERSON EVENTS, AND BOOK CLUB MEETINGS WITH WRITERS, REACHING MORE CITIZENS, PROFESSIONALS, AND ADVOCATES WORKING ON RESILIENCE SOLUTIONS. 8,265 PEOPLE ATTENDED ISLAND PRESS WEBINARS PUT ON IN PARTNERSHIP WITH THE SMART GROWTH NETWORK (SGN), A NATIONAL ALLIANCE OF ADVOCATES, PRACTITIONERS, POLICYMAKERS, AND LOCAL LEADERS WORKING TOWARDS A SHARED VISION FOR LAND USE AND INFRASTRUCTURE POLICIES AND ACTIONS THAT RESULT IN HEALTHY, SUSTAINABLE, EQUITABLE, AND PROSPEROUS COMMUNITIES FOR ALL. SIX OF SGN'S TOP 10 MOST POPULAR YOUTUBE VIDEOS ARE FROM ISLAND PRESS. ULTIMATELY, ISLAND PRESS STRENGTHENS THE ENVIRONMENTAL MOVEMENT BY GIVING PROFESSIONALS AND ADVOCATES ACTIONABLE INFORMATION FOR CREATING A HEALTHIER, MORE SUSTAINABLE WORLD. 3204767 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 342 0 1 28 1 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 2022327933 2000 M STREET STE 480-B WASHINGTON DC 200363307 EDWIN CHEN DIRECTOR 1.00 X 0 0 0 HELEN MORRISON LEFT IN 2024 DIRECTOR 1.00 X 0 0 0 SANDRA TAYLOR DIRECTOR 1.00 X 0 0 0 JEREMY LANG JOINED IN 2024 DIRECTOR 1.00 X 0 0 0 FRANKLIN MOORE JOINED IN 2024 DIRECTOR 1.00 X 0 0 0 LAURA KUTNICK DIRECTOR 1.00 X 0 0 0 CHRISTINE MCENTEE DIRECTOR 1.00 X 0 0 0 KIRSTEN MOY DIRECTOR 1.00 X 0 0 0 DAVID MILLER PRESIDENT & PUBLISHER 40.00 X X 145765 0 12914 ALISON SANT DIRECTOR 1.00 X 0 0 0 DEBORAH WILEY SECRETARY & TREASURER 1.00 X X 0 0 0 ROB GRIFFEN CHAIR 2.00 X X 0 0 0 SALLY YOZELL DIRECTOR 1.00 X 0 0 0 ERIC RODENBECK DIRECTOR 1.00 X 0 0 0 JAMES SOCAS DIRECTOR 1.00 X 0 0 0 TAMIKA BUTLER DIRECTOR 1.00 X 0 0 0 EMILY HILTON DIRECTOR 1.00 X 0 0 0 HEATHER BOYER EXECUTIVE EDITOR 40.00 X 105689 0 4597 LAURA HESS SVP & CFO 40.00 X 111553 0 7734 JULIE FILLERUP VP,SALES & MARKETING 40.00 X 108538 0 12730 LAURIE MAZUR EDITOR 40.00 X 102752 0 10813 BRANDI STANTON VP, DIR. OF DEVELOPMENT 40.00 X 111452 0 8369 685749 0 57157 6 0 1 0 UNIVERSITY OF CHICAGO PRESS 1130 S LANGLEY AVENUE CHICAGO IL 60628 FULFILLMENT SERVICES 317053 INTEGRATED BOOKS INTERNATIONAL 22883 QUICKSILVER DR STERLING VA 201662019 PRINTING, BINDING & FREIGHT 203118 RUSSELL REYNOLDS ASSOCIATES INC 277 PARK AVE STE 3800 NEW YROK NY 10172 RECRUITING SERVICES 121876 SHERIDAN BOOKS PO BOX 419823 BOSTON MA 022419823 PRINTING, BINDING & FREIGHT 118327 4 1315642 1315642 BOOK SALES 513130 2045566 2045566 2045566 5240 5240 MISCELLANEOUS 900099 11976 11976 11976 3378424 2057542 0 5240 X 158679 87273 15868 55538 1881301 1313787 377803 189711 166597 116342 33457 16798 149280 102656 28896 17728 436138 315173 120436 529 69536 8743 44639 16154 130127 103254 15071 11802 30515 24844 1297 4374 10355 7953 1338 1064 56416 43446 7226 5744 COST OF BOOKS SOLD 825904 825904 PROMOTIONS 238950 207871 26926 4153 BAD DEBT EXPENSE 47016 47016 SALES TAX AND FEES/DUES 846 505 300 41 4201660 3204767 673257 323636 1078387 552354 1455996 1096837 307481 442815 755591 761352 100853 64393 63651 49854 20867 13797 639790 560270 4358965 3491818 171231 207039 441863 362144 613094 569183 X 2312392 1729685 1433479 1192950 3745871 2922635 4358965 3491818 -823236 0 X X 0 1 X 1 0 X 3219519 1712308 691670 2923109 1315642 9862248 1863906 2254458 2112354 1868788 2045566 10145072 5083425 3966766 2804024 4791897 3361208 20007320 2589519 1210666 629988 2732831 1173273 8336277 758033 1017698 859288 621118 865603 4121740 3347552 2228364 1489276 3353949 2038876 12458017 7549303 5240 5240 5240 5240 7057 10766 9825 14679 11976 54303 5090482 3977532 2813849 4806576 3378424 20066863 0.37620 0.37440 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62969 49172 13797 682 682 0 13797 PREPUBLICATION COSTS 82216 ROYALTY ADVANCES, NET 387405 RIGHT-OF-USE ASSET 90649 560270 ROYALTIES PAYABLE 119578 LEASE LIABILITY 242566 362144 X 3378424 0 3378424 0 3378424 4201660 0 4201660 0 4201660 PART X, LINE 2: UNCERTAINTY IN INCOME TAXES RECOGNIZED IN ISLAND PRESS'S FINANCIAL STATEMENTS IS ACCOUNTED FOR IN ACCORDANCE WITH THE PROVISIONS OF AUTHORITATIVE GUIDANCE ISSUED BY THE FASB. UNDER THIS GUIDANCE, WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS MAY BE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE WOULD BE REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THERE WAS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION AT DECEMBER 31, 2024 OR 2023. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES BOOK SALES EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES BOOK SALES MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES BOOK SALES NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES BOOK SALES SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES BOOK SALES SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES BOOK SALES SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES BOOK SALES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X X 0 0 0 0 0 0 0 0 0 DAVID MILLER PRESIDENT & PUBLISHER 145765 0 0 0 0 0 0 0 12914 0 158679 0 0 0 ALI SANT BOARD MEMBER 1979 WAS PAID $479 IN ROYALTIES AND $1,500 FOR AN ADVANCE ON A NEW TITLE IN 2024. 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY ALL BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL INTERESTED PERSONS SUBMIT AN ANNUAL STATEMENT DISCLOSING ANY POTENTIAL OR EXISTING CONFLICTS OF INTEREST TO THE PRESISDENT AND THE BOARD. THE BOARD REVIEWS THE INFORMATION IN THE REQUEST AND TAKES APPROPRIATE ACTION. THE BOARD SHALL DETERMINE, AFTER RECEIVING A DISCLOSURE, WHETHER A CONFLICT OF INTEREST EXISTS, OR CAN REASONABLY BE CONSTRUED TO EXIST. IF A CONFLICT OF INTEREST IS KNOWN OR DEEMED TO EXIST AFTER DISCLOSURE, THE BOARD OR THE COMMITTEE, AS APPLICABLE, SHALL NOT APPROVE THE CONTRACT WITH THE INTERESTED PARTY UNLESS IT IS DETERMINED THAT (A) ENTERING INTO SUCH CONTRACT IS IN THE BEST INTEREST OF ISLAND PRESS, (B) THE CONTRACT IS FAIR AND REASONABLE TO ISLAND PRESS, AND (C) A MORE ADVANTAGEOUS CONTRACT CANNOT BE OBTAINED UNDER THE CIRCUMSTANCES. ADDITIONALLY, THE BOARD OR THE COMMITTEE, AS APPLICABLE, SHALL TAKE ANY ACTION REQUIRED OR PRUDENT TO AVOID IMPOSITION OF AN EXCISE TAX UNDER INTERNAL REVENUE CODE SECTION 4958 IN CONNECTION WITH CONSIDERING SUCH CONTRACT. THE BOARD MAINTAINS DETAILED MINUTES AND RECORDS REGARDING THE MATTER. SUCH RECORDS REFLECT THE NAME OF THE INTERESTED PERSON AND ANY DISCLOSURE MADE, THE VOTE ON WHETHER A CONFLICT OF INTEREST IS PRESENT, THE NAMES OF THE PERSONS PARTICIPATING IN ANY DISCUSSIONS AND DELIBERATIONS WITH REGARD TO APPROVING OR REJECTING THE CONTRACT INVOLVING THE INTERESTED PERSON AND THE SUBSTANCE OF SUCH DISCUSSIONS AND DELIBERATONS, ADHERENCE WITH THE PROCEDURES DESCRIBED ABOVE, THE ABSTENTION FROM VOTING AND PARTICIPATION BY THE INTERESTED PERSON, AND THAT A QUORUM WAS PRESENT. IN THE EVENT AN INTERESTED PERSON FAILS TO ACT IN ACCORDANCE WITH THIS CONFLICTS OF INTEREST POLICY, THE BOARD MAY TAKE CORRECTIVE ACTION AGAINST SUCH PERSON. IN THE EVENT THAT A FORMAL REPRIMAND, OR IN AN EXTREME CASE, THE REMOVAL OF SUCH PERSON FROM HIS OR HER POSITION(S), IS PROPOSED, SUCH RECOMMENDATION MUST BE PRESENTED WITH SUPPORTING DOCUMENTATION. THE INTERESTED PERSON INVOLVED SHALL BE GIVEN AN OPPORTUNITY TO BE HEARD PRIOR TO THE BOARD'S FINAL DECISION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR NEW OFFICERS/EMPLOYEES IS REVIEWED AND APPROVED PRIOR TO OFFER BY THE CFO. OVERALL LEVELS OF COMPENSATION FOR STAFF ARE REVIEWED ANUALLY BY THE BOARD DURING THE BUDGET APPROVAL PROCESS. FOR OFFICERS AND KEY EMPLOYEES, ISLAND PRESS ROUTINELY UTILIZES BENCHMARK STUDIES AND INDEPENDENT REVIEW OF MARKET COMPENSATION DATA FROM BOTH TAX-EXEMPT AND NONEXEMPT ORGANIZATIONS PREPARED BY INDEPENDEDNT COMPENSATION CONSULTANTS AT THE TIME OF HIRING OR WHEN ADJUSTMENTS ARE MADE. AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REGULARLY REFERENCES PEER GROUP DATA IN ITS ANNUAL REVIEW AND APPROVAL OF THE COMPENSATION OF THE PRESIDENT. NO PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT WERE INVOLVED IN THE APPROVAL PROCESS. ISLAND PRESS MAINTAINS DOCUMENTATION RESPECTING THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST IN ELECTRONIC OR HARDCOPY FORMAT. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 314,058. MANAGEMENT AND GENERAL EXPENSES 120,140. FUNDRAISING EXPENSES 373. TOTAL EXPENSES 434,571. PROGRAM PRODUCTION: PROGRAM SERVICE EXPENSES 1,115. MANAGEMENT AND GENERAL EXPENSES 296. FUNDRAISING EXPENSES 156. TOTAL EXPENSES 1,567. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.