2020-01-16T09:22:45-06:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2018-07-01 136007082 THE MUSIC CONSERVATORY OF WESTCHESTER INC MUSI 9147613715 216 CENTRAL AVENUE WHITE PLAINS NY 10606 JEAN NEWTON EXECUTIVE DIRECTOR 9147613715 2020-01-16 1 GARRETT M HIGGINS P00543209 9143818900 2020-01-16 65.51.112.58 2020-01-16 09:22:41 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2018 2020-09-23 17:36:50Z JEAN NEWTON 216 CENTRAL AVENUE WHITE PLAINS NY 10606 3577639 0 X MUSICCONSERVATORY.ORG X 1938 NY TO PROVIDE THE EXTRAORDINARY BENEFITS OF MUSIC TO ALL IN OUR COMMUNITY. 18 18 124 60 0 0 792270 915181 2198029 2237895 61572 44334 128374 137327 3180245 3334737 179987 141307 0 0 2112312 2273410 26741 26133 319039 839080 840499 3158120 3281349 22125 53388 8695471 8574634 3820091 3655452 4875380 4919182 X TO PROVIDE THE EXTRAORDINARY BENEFITS OF MUSIC TO ALL IN OUR COMMUNITY. WE BELIEVE IN THE INHERENT POWER OF MUSIC TO PROVIDE PERSONAL ENRICHMENT, CREATIVE EXPRESSION, LIFELONG LEARNING, CULTURAL APPRECIATION, AND JOY FOR EVERYONE. EXCELLENCE - WE STRIVE TO PROVIDE LEADERSHIP AND INNOVATION IN MUSIC EDUCATION, ENCOMPASSING HIGH STANDARDS, BEST TEACHING PRACTICES AND RESPECT FOR INDIVIDUAL DIFFERENCES. WE SEEK TO BE A PLACE WHERE STUDENTS OF ALL AGES AND ABILITIES GROW THROUGH MUSIC AND HAVE THE OPPORTUNITY TO DEVELOP THEIR SKILLS AND TALENTS TO THEIR GREATEST POTENTIAL. ACCESS - GUIDED BY OUR COMMITMENT TO INCLUSIVENESS, WE BELIEVE THAT FINANCIAL LIMITATIONS OR DIFFERING ABILITY SHOULD NEVER BE A BARRIER TO LEARNING. WE TAKE OUR PROGRAMS INTO THE COMMUNITY AS NECESSARY TO ENSURE THIS.COMMUNITY - WE BRING PEOPLE TOGETHER THROUGH MUSICAL COLLABORATION, BRIDGING DIFFERENCES, FORGING CONNECTIONS, AND CELEBRATING MUSICAL AND CULTURAL DIVERSITY. 0 0 1758866 141307 1787071 INSTRUCTION - MUSIC CONSERVATORY OF WESTCHESTER WAS FOUNDED IN 1929 IN THE AMERICAN SETTLEMENT HOUSE TRADITION OF BROAD-BASED ACCESS AND COMMUNITY SERVICE. LEGENDARY CELLIST PABLO CASALS WAS AMONG ITS FOUNDERS, AND JAZZ LEGEND CAB CALLOWAY ONCE SERVED ON ITS BOARD. THE CONSERVATORY'S MISSION IS TO PROVIDE THE EXTRAORDINARY BENEFITS OF MUSIC TO ALL IN OUR COMMUNITY. TODAY, THE CONSERVATORY PROVIDES QUALITY MUSIC EDUCATION FOR STUDENTS OF ALL AGES, ABILITIES AND BACKGROUNDS, SERVING 3,000 CHILDREN AND ADULTS ANNUALLY FROM 4 MONTHS TO OVER 80 YEARS OLD. OUR ESTEEMED FACULTY IS COMPRISED OF 72 PROFESSIONAL MUSICIANS AND 10 MUSIC THERAPISTS. OUR MUSIC INSTRUCTION PROGRAM PROVIDES ONE-ON-ONE INSTRUMENTAL AND VOCAL LESSONS, PERFORMING ENSEMBLES, THEORY, COMPOSITION, SUZUKI AND EARLY CHILDHOOD CLASSES, SUMMER PROGRAMS, LIFELONG LEARNING FOR ADULTS, AND FREE COMMUNITY PERFORMANCES. THE PROGRAM SERVES 900 STUDENTS DURING THE 32-WEEK SCHOOL YEAR AND 8-WEEK SUMMER SESSION (TOTAL 40 WEEKS), ONSITE IN THE CONSERVATORY BUILDING. SCHOLARSHIPS ARE PROVIDED FOR LOW INCOME STUDENTS, BASED ON DOCUMENTED FINANCIAL NEED. RECENT CONSERVATORY ALUMNI HAVE COMPLETED PROFESSIONAL MUSIC DEGREES AT THE JUILLIARD SCHOOL, OBERLIN CONSERVATORY, YALE SCHOOL OF MUSIC, EASTMAN SCHOOL OF MUSIC, THE LONGHY SCHOOL, AND OTHER RENOWNED INSTITUTIONS. RECENT ALUMNI PURSUING A WIDE RANGE OF CAREERS HAVE GRADUATED FROM MIT, YALE, COLUMBIA, RPI, HAVERFORD, PRINCETON, UNIVERSITY OF CHICAGO AND MANY OTHER TOP COLLEGES AND UNIVERSITIES. MANY SCHOLARSHIP RECIPIENTS COME FROM FIRST-GENERATION IMMIGRANT FAMILIES AND ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. RECENT ACCOMPLISHMENTS INCLUDE: A REGIONAL ECONOMIC DEVELOPMENT GRANT AWARD FROM NEW YORK STATE TO CREATE MUSIC TECHNOLOGY-BASED TEACHING FACILITIES IN 3,500 SQUARE FEET OF UNFINISHED SPACE IN OUR BUILDING; A NATIONAL ENDOWMENT FOR THE ARTS GRANT AWARD TO CREATE A MULTICULTURAL MUSIC-THEMED PUBLIC MURAL ON THE SOUTH-FACING EXTERIOR WALL OF OUR BUILDING; LAUNCH OF MCW PREP PROGRAM FOR TALENTED HIGH SCHOOL MUSICIANS. ONE OF ONLY SIXTEEN NON-DEGREE-GRANTING SCHOOLS NATIONWIDE TO BE ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC, THE CONSERVATORY HAS INSPIRED GENERATIONS OF STUDENTS, AND CONTRIBUTED TO A VIBRANT MUSICAL LIFE IN THE COUNTY, THE REGION AND BEYOND. 481863 450824 OUTREACH PROGRAM - THE CONSERVATORY'S MUSIC THERAPY INSTITUTE (MTI) WAS ESTABLISHED IN 1986 IN ORDER TO EXTEND ITS PROGRAMS TO INCLUDE INDIVIDUALS WITH DISABILITIES. TODAY THE PROGRAM SERVES 2,100 CHILDREN AND ADULTS IN OUTREACH PROGRAMS, IN PARTNERSHIP WITH 30 ORGANIZATIONS, INCLUDING PUBLIC SCHOOL DISTRICTS, SPECIAL EDUCATION PROGRAMS, MEDICAL FACILITIES, SENIOR CARE CENTERS, AND SOCIAL SERVICE AGENCIES. MTI ALSO PROVIDES INDIVIDUAL MUSIC THERAPY AND ADAPTED INSTRUMENTAL AND VOCAL INSTRUCTION ONSITE AT THE CONSERVATORY, SERVING 75 STUDENTS ANNUALLY IN DESIGNATED MUSIC THERAPY STUDIOS. MUSIC SHARING EVENTS TAKE PLACE 2-3 TIMES A YEAR, GIVING MUSIC THERAPY STUDENTS AN OPPORTUNITY TO SHARE THEIR MUSIC WITH FAMILY AND FRIENDS. THE MUSIC THERAPY INSTITUTE HAS RECEIVED THE ARTS AWARD FOR COMMUNITY FROM ARTS WESTCHESTER, AND HAS RECEIVED TEN CONSECUTIVE AWARDS FROM THE AMERICAN SOCIETY OF COMPOSERS, AUTHORS AND PUBLISHERS (ASCAP). IN 2013, MTI ESTABLISHED HEALING OUR HEROES, PROVIDING TUITION-FREE MUSIC THERAPY FOR U.S. MILITARY VETERANS DEALING WITH WAR-RELATED INJURIES. SERVING 15-20 VETERANS EACH YEAR, THE PROGRAM PROVIDES EACH VETERAN WITH TWO YEARS OF WEEKLY INDIVIDUAL MUSIC THERAPY SESSIONS, AS WELL AS WEEKLY DROP-IN GROUP SESSIONS. VETERANS MUSIC SHARING EVENTS TAKE PLACE TWICE DURING THE YEAR. HEALING OUR HEROES IS THE FOCUS OF A DOCUMENTARY CURRENTLY BEING FILMED TO RAISE AWARENESS OF THE CHALLENGES FACED BY VETERANS DEALING WITH THE WOUNDS OF WAR AS THEY STRUGGLE TO READJUST TO CIVILIAN LIFE. 243968 PERFORMANCES - PERFORMANCE IS AN INTEGRAL COMPONENT OF THE CONSERVATORY'S EDUCATIONAL PROGRAMS. STUDENT AND FACULTY PERFORMANCES TAKE PLACE AT THE CONSERVATORY AND IN THE COMMUNITY. STUDENTS HAVE OPPORTUNITIES TO PERFORM AS SOLOISTS, AND IN PERFORMING ENSEMBLES. FACULTY CONCERTS OFFER AN OPPORTUNITY TO HEAR HIGH LEVEL PROFESSIONAL PERFORMANCES IN COMFORTABLE, FAMILIAR LOCATIONS. ALL CONCERTS ARE FREE AND OPEN TO THE PUBLIC, TAKING PLACE IN THE CONSERVATORY'S RECITAL HALL AS WELL AS IN LOCAL LIBRARIES, COMMUNITY CENTERS, AND OTHER SIMILAR VENUES. MASTER CLASSES ARE ALSO SCHEDULED AT THE CONSERVATORY IN WHICH SELECTED STUDENTS ARE COACHED BY GUEST ARTIST-TEACHERS. IN FY2018-2019, 77 STUDENT PERFORMANCES, 4 FACULTY PERFORMANCES, 4 INTERACTIVE LECTURE-PERFORMANCES, AND 3 MASTER CLASSES TOOK PLACE, FOR A TOTAL OF 88 PERFORMANCES. 2484697 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 124 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JEAN NEWTON 9147613715 216 CENTRAL AVENUE WHITE PLAINS NY 10606 JOEL BRIETKOPF PRESIDENT 2.00 X X 0 0 0 LAURENCE KEISER ESQ CPA VICE PRESIDENT 2.00 X X 0 0 0 RODD BERRO CHAIRMAN 2.00 X X 0 0 0 NANCY GOODMAN SECRETARY 2.00 X X 0 0 0 PAUL FARFEL TREASURER 2.00 X X 0 0 0 ROBERT HEATH TRUSTEE 1.00 X 0 0 0 MARY LYNN BIANCO TRUSTEE 1.00 X 0 0 0 TONY SMITH TRUSTEE 1.00 X 0 0 0 CARMEN FORTE TRUSTEE 1.00 X 0 0 0 MIDHAT SERBAGI TRUSTEE THRU MARCH 2019 1.00 X 0 0 0 GARY E BASHIAN TRUSTEE 1.00 X 0 0 0 JOHN BOTTOMLEY TRUSTEE 1.00 X 0 0 0 ANGELO GRASSO TRUSTEE 1.00 X 0 0 0 ANDREA TABER TRUSTEE 1.00 X 0 0 0 ALEXANDER JOHNSON TRUSTEE 1.00 X 0 0 0 VICTOR GOLDSMITH TRUSTEE 1.00 X 0 0 0 ANDREA MERANDA TRUSTEE 1.00 X 0 0 0 MO BELER TRUSTEE 1.00 X 0 0 0 FRAN HAUSER TRUSTEE 1.00 X 0 0 0 JEAN NEWTON EXECUTIVE DIRECTOR 40.00 X 110721 0 31 MACK CUNNINGHAM CHIEF OPERATING OFFICER 40.00 X 78289 0 7700 189010 0 7731 1 0 0 0 0 322296 23408 569477 83400 915181 TUITION 611710 1787071 1787071 MUSIC OUTREACH PROGRAM 900099 450824 450824 2237895 23721 23721 299561 145174 154387 154387 154387 38500 17887 20613 20613 20613 49830 322296 79841 -30011 -30011 MISCELLANEOUS REVENUE 900099 11892 11892 RECOVERY OF BAD DEBT 900099 1059 1059 12951 3334737 2237895 0 181661 141307 141307 206582 101225 57843 47514 1802646 1424167 207792 170687 12464 8973 2494 997 84816 60515 19657 4644 166902 115839 39380 11683 39250 26690 12560 26133 26133 13903 1000 8774 4129 36905 36905 175857 135784 29858 10215 22553 15336 7217 81609 61206 12242 8161 2968 2226 297 445 368 368 92384 78526 12010 1848 232878 197946 30274 4658 BUILDING REPAIR & MAINT 77803 58352 11671 7780 DOCUMENTARY EXPENSES 60726 60726 MISCELLANEOUS 3295 3295 3281349 2484697 477613 319039 627363 527039 114527 75592 97950 67620 85643 115620 32531 28272 11450144 5017528 6629470 6432616 1019417 1270713 88570 57162 8695471 8574634 166516 169548 215704 290230 2380000 2230000 45000 979252 946343 33619 19331 3820091 3655452 X 3558726 3697983 505125 409670 811529 811529 4875380 4919182 8695471 8574634 53388 -9586 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1057721 34551 38500 1053772 1000196 85030 27505 1057721 923591 108864 32259 1000196 1006661 11800 94870 923591 1018133 35104 46576 1006661 0.77010 0.22990 0 0 1152590 1152590 9394550 4249501 5145049 899449 768027 131422 3555 3555 6432616 DUE TO TENANT 19090 CAPITALIZED LEASE OBLIGATION 241 19331 X 3403933 -9586 79841 70255 3333678 1059 1059 3334737 3360131 79841 79841 3280290 1059 1059 3281349 PART X, LINE 2: THE CONSERVATORY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CONSERVATORY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE CONSERVATORY IS NO LONGER SUBJECT TO EXAMINATION BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE REPORTED ON PART VIII, LINE 8B: 79,841. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF BAD DEBT EXPENSE REPORTED ON PART VIII, LINE 11B: 1,059. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE REPORTED ON PART VIII, LINE 8B: 79,841. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF BAD DEBT EXPENSE REPORTED ON PART VIII, LINE 11B: 1,059. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE CONSERVATORY PUBLISHES ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE AND IN ITS PROGRAM BROCHURES. SCHEDULE E, PART I, LINE 6 THE CONSERVATORY RECEIVES GRANT SUPPORT FROM THE NEW YORK STATE COUNCIL ON THE ARTS, NATIONAL ENDOWMENT FOR THE ARTS AND NEW YORK STATE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. X X X X 1 STEVEN MONTGOMERY 400 WEST 43RD STREET 34A NEW YORK NY 10036 GRANT WRITER 0 0 22720 -22720 22720 -22720 NY GOLF & TENNIS CLASSIC 372126 322296 49830 55475 4111 20255 372126 322296 49830 55475 4111 20255 79841 -30011 1 SCHOLARSHIPS 123 141307 PART I, LINE 2: THE CONSERVATORY AWARDS SCHOLARSHIPS BASED ON FINANCIAL NEED. CANDIDATES FILL OUT AN APPLICATION AND SUBMIT FINANCIAL DOCUMENTATION. MUSIC SCHOLARSHIP CANDIDATES HAVE AN INTERVIEW WITH THE ASSISTANT DEAN, WHO RECOMMENDS THE AWARDS AND ASSIGNS LESSONS AND CLASSES. MUSIC THERAPY SCHOLARSHIP CANDIDATES HAVE AN INTERVIEW WITH THE DIRECTOR OF ONSITE MUSIC THERAPY SERVICES. ALL SCHOLARSHIP AWARDS ARE APPROVED BY THE EXECUTIVE DIRECTOR. SCHOLARSHIP EXPENDITURE IS APPROVED BY THE BOARD OF TRUSTEES EACH YEAR AS A LINE ITEM IN THE BUDGET. ALL SCHOLARSHIP RECIPIENTS ARE MONITORED FOR ATTENDANCE AND PROGRESS IN THEIR LESSONS AND CLASSES. MUSIC SCHOLARSHIP RECIPIENTS ARE REQUIRED TO PARTICIPATE IN STUDENT PERFORMANCES, AND RECEIVE A WRITTEN PROGRESS REPORT EACH SEMESTER. MUSIC THERAPY SCHOLARSHIP RECIPIENTS RECEIVE AN INDIVIDUALIZED PROGRAM WITH THERAPEUTIC AND EDUCATIONAL GOALS. PROGRESS IS MONITORED IN WRITTEN REPORTS BY THE MUSIC THERAPIST. SCHOLARSHIPS FOR YOUTH AND TEENS ARE RENEWABLE THROUGH HIGH SCHOOL GRADUATION, AS LONG AS STUDENTS MEET ANNUAL EXPECTATIONS FOR PRACTICE, PERFORMANCE, AND PROGRESS IN THEIR MUSICAL STUDIES. X PIANOS 6 75250 COMPARABLE SALES X FURNITURE 3 3400 COMPARABLE SALES X VIOLA 1 3000 COMPARABLE SALES X DRUM SET 1 1750 COMPARABLE SALES 0 0 0 0 PART I, COLUMN (B): COLUMN (B) IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR, CHIEF OPERATING OFFICER, AND THE ACCOUNTING SUPERVISOR REVIEW AND COMPARE THE 990 TO THE FINANCIAL STATEMENTS BEFORE THE RETURN IS SIGNED AND MAILED TO THE IRS. THE RETURN IS ALSO REVIEWED BY THE CONSERVATORY'S FINANCE COMMITTEE AND THE BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF CONFLICT OF INTEREST POLICY - A) EACH TRUSTEE, OFFICER, EMPLOYEE AND VOLUNTEER SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. B) ANNUALLY EACH TRUSTEE, OFFICER, EMPLOYEE AND VOLUNTEER SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A TRUSTEE OF OR CONSULTANT TO ANOTHER NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO MCW. ANY SUCH INFORMATION REGARDING THE BUSINESS INTERESTS OF A TRUSTEE, OFFICER, EMPLOYEE OR VOLUNTEER, OR A FAMILY MEMBER THEREOF, SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE EXECUTIVE DIRECTOR OR PRESIDENT OF THE BOARD CHAIR, THE EXECUTIVE TRUSTEE, COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING, IF MINUTES ARE ROUTINELY KEPT OR SHALL BE DISCLOSED IN A LETTER OR MEMORANDUM DELIVERED TO THE EXECUTIVE DIRECTOR. IF BOARD MEMBERS ARE AWARE THAT STAFF OR OTHER VOLUNTEERS HAVE A CONFLICT OF INTEREST, RELEVANT FACTS SHOULD BE DISCLOSED BY THE BOARD MEMBER OR BY THE INTERESTED PERSON HIM/HERSELF IF INVITED TO THE BOARD MEETING AS A GUEST FOR PURPOSES OF DISCLOSURE. C) THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF TRUSTEES. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED TO ALL STAFF AND VOLUNTEERS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES HIRES THE EXECUTIVE DIRECTOR AND DETERMINES HIS/HER COMPENSATION. THE LINE ITEM FOR STAFF COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET PROCESS; THIS TOOK PLACE AT THE JUNE 13, 2017 BOARD MEETING AND WAS DOCUMENTED IN THE MINUTES. THE EXECUTIVE DIRECTOR DETERMINES COMPENSATION FOR SENIOR MANAGEMENT PERSONNEL, WHO IN TURN RECOMMEND SALARIES FOR STAFF POSITIONS REPORTING TO THEM. THE EXECUTIVE DIRECTOR APPROVES ALL SALARY RECOMMENDATIONS. STAFF SALARIES ARE REVIEWED ANNUALLY AT THE BEGINNING OF THE FISCAL YEAR, MOST RECENTLY IN JULY, 2018. IN THIS REVIEW PERIOD THE EXECUTIVE DIRECTOR APPROVED A SALARY INCREASE FOR THE CHIEF OPERATING OFFICER. SALARY LEVELS ARE GUIDED BY NONPROFIT INDUSTRY STANDARDS, WITH INFORMATION AVAILABLE THROUGH PUBLISHED NATIONAL SURVEYS CONDUCTED BY NONPROFIT SERVICE ORGANIZATIONS, AND IN PUBLISHED JOB LISTINGS IN THE FIELD. THE BOARD PRESIDENT CONDUCTS THE E.D.'S ANNUAL REVIEW, AND THE EXECUTIVE-FINANCE COMMITTEE APPROVES ANY SALARY CHANGES. THE E.D.'S SALARY IS ESTABLISHED AT A LEVEL THAT IS COMPARABLE WITH OTHER COMMUNITY MUSIC SCHOOLS OF SIMILAR SIZE AND BUDGET, AND REFLECTS THE QUALIFICATION OF THE PERSON APPOINTED. RAISES ARE GIVEN IN ACCORDANCE WITH THE ANNUAL REVIEW OF THE E.D.'S PERFORMANCE AND ACCOMPLISHMENTS, AND THE PERFORMANCE OF THE SCHOOL AS A WHOLE. RAISES FOR ARE FACTORED INTO THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AS WELL AS THE FORM 990 AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE AT THE MUSIC CONSERVATORY OF WESTCHESTER'S OFFICES AND ARE AVAILABLE TO PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2C: THE CONSERVATORY HAS A COMMITTEE WITH RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. THE POLICY FOR SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITORS HAS NOT CHANGED SINCE LAST YEAR.