2019-09-20T11:02:58-05:00 2018-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2018-01-01 134086800 SEVENTH REGIMENT ARMORY CONSERVANCY INC % ALEXANDER FRENKEL SEVE 2126163930 643 PARK AVENUE NEW YORK NY 10065 SUSAN NEIMAN CFO 2126163930 2019-09-20 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220192635000011 2019-09-20 P D611A41C46BF25E5A65C9B6AAB3989918C636A13 D611A41C46BF25E5A65C9B6AAB3989918C636A13 2018 2019-02-21 02:37:17Z REBECCA ROBERTSON 643 PARK AVENUE NEW YORK NY 10065 54209391 false X WWW.ARMORYONPARK.ORG X 1999 NY TO RESTORE, RENOVATE AND REVITALIZE THE HISTORIC PARK AVENUE ARmory A CONTEMPORARY ARTS INStitution. 36 35 372 0 48040 9021455 15496726 9865818 11480874 3023263 5618277 14349 30170 21924885 32626047 0 0 0 0 6887346 7364920 0 0 2802156 19043676 21028506 25931022 28393426 -4006137 4232621 209930595 206531700 5703381 7771068 204227214 198760632 X PART AMERICAN PALACE, PART INDUSTRIAL SHED, PARK AVENUE ARMORY SUPPORTS UNCONVENTIONAL WORKS IN THE PERFORMING AND VISUAL ARTS THAT CANNOT BE FULLY REALIZED IN A TRADITIONAL PROSCENIUM THEATER, CONCERT HALL, OR WHITE WALL GALLERY. WITH ITS SOARING, 55,000 SQUARE FOOT DRILL HALL AND ITS PERIOD ROOMS BY GILDED AGE DESIGNERS, THE ARMORY ENABLES ARTISTS TO CREATE, STUDENTS TO EXPLORE, AND WIDE AUDIENCES TO EXPERIENCE EPIC, ADVENTUROUS WORK THAT CANNOT BE DONE ELSEWHERE IN NEW YORK. THE ARMORY HAS BEEN LAUDED AS "A PLAYGROUND FOR ARTISTS OF OUTSIZE IMAGINATIONS" (WALL STREET JOURNAL) WITH THE NEW YORK TIMES DECLARING "FEW CULTURAL INSTITUTIONS HAVE BEEN AS ADEPT AT PUSHING THE CULTURAL FOMO BUTTON, TRIGGERING THAT 'FEAR OF MISSING OUT' THAT NEW YORKERS HATE"PARK AVENUE ARMORY" HAS ARRIVED AS THE MOST IMPORTANT NEW CULTURAL INSTITUTION IN NEW YORK CITY."AS WITH NON-TRADITIONAL PROGRAMMING, ARTS EDUCATION HAS FOUND A SPECIAL NICHE AT THE ARMORY, USING ITS UNIQUE ASSETS - A MAGICAL RUINE false false 23555787 11480874 SEE SCHEDULE O 23555787 true true false false false false false false false true true true false false false true true false false false true false false false true false false false false true false false false false false false false false true false false false false false false false false true X 133 0 true 372 true true true false false false false true true false false false false false false X 36 35 false false false false false false false true true false false true true true true true true true true false CT NJ NY X ALEXANDER FRENKEL 2126163944 643 PARK AVENUE NEW YORK NY 10065 ELIHU ROSE CO-CHAIRMAN 5.0 0.0 X X 0 0 0 ADAM R FLATTO CO-CHAIRMAN 5.0 0.0 X X 0 0 0 HARRISON M BAINS TREASURER 5.0 0.0 X X 0 0 0 MARINA ABRAMOVIC DIRECTOR 1.0 0.0 X 0 0 0 WENDY BELZBERG DIRECTOR 1.0 0.0 X 0 0 0 EMMA BLOOMBERG DIRECTOR 1.0 0.0 X 0 0 0 MARTIN BRAND DIRECTOR 1.0 0.0 X 0 0 0 CORA CAHAN DIRECTOR 1.0 0.0 X 0 0 0 PETER CLIVE CHARRINGTON DIRECTOR (RESIGNED 3/7/18) 1.0 0.0 X 0 0 0 HELENE COMFORT DIRECTOR 1.0 0.0 X 0 0 0 PAUL CRONSON DIRECTOR 1.0 0.0 X 0 0 0 TINA R DAVIS DIRECTOR (APPOINTED 5/15/18) 1.0 0.0 X 0 0 0 EMME LEVIN DELAND DIRECTOR 1.0 0.0 X 0 0 0 THOMAS J DEROSA DIRECTOR (APPOINTED 3/15/18) 1.0 0.0 X 0 0 0 SANFORD B EHRENKRANZ DIRECTOR 1.0 0.0 X 0 0 0 DAVID FOX DIRECTOR 1.0 0.0 X 0 0 0 ANDREW GUNDLACH DIRECTOR (APPOINTED 12/11/18) 1.0 0.0 X 0 0 0 MARJORIE L HART DIRECTOR 1.0 0.0 X 0 0 0 MAJOR GENERAL EDWARD G KLEIN DIRECTOR 1.0 0.0 X 0 0 0 KEN KUCHIN DIRECTOR 1.0 0.0 X 0 0 0 MARY T KUSH DIRECTOR 1.0 0.0 X 0 0 0 PABLO LEGORRETA DIRECTOR 1.0 0.0 X 0 0 0 RALPH LEMON DIRECTOR 1.0 0.0 X 0 0 0 HEIDI MCWILLIAMS DIRECTOR 1.0 0.0 X 0 0 0 DAVID S MOROSS DIRECTOR 1.0 0.0 X 0 0 0 GWENDOLYN NORTON DIRECTOR 1.0 0.0 X 0 0 0 JOEL PRESS DIRECTOR 1.0 0.0 X 0 0 0 GENIE H RICE DIRECTOR 1.0 0.0 X 0 0 0 AMANDA JT RIEGEL DIRECTOR 1.0 0.0 X 0 0 0 JANET C ROSS DIRECTOR 1.0 0.0 X 0 0 0 JOAN STEINBERG DIRECTOR 1.0 0.0 X 0 0 0 EMANUEL STERN DIRECTOR 1.0 0.0 X 0 0 0 MIMI KLEIN STERNLICHT DIRECTOR 1.0 0.0 X 0 0 0 ANGELA E THOMPSON DIRECTOR 1.0 0.0 X 0 0 0 DEBORAH C VAN ECK DIRECTOR 1.0 0.0 X 0 0 0 PETER ZHOU DIRECTOR (APPOINTED 12/11/18) 1.0 0.0 X 0 0 0 REBECCA ROBERTSON PRESIDENT 50.0 0.0 X X 465475 0 115185 MELANIE FORMAN CHIEF DEVELOPMENT OFFICER 50.0 0.0 X 339644 0 21510 TIMOTHY NIM CAO/CFO (THROUGH 9/30/18) 50.0 0.0 X 218773 0 16682 PAUL KING DIRECTOR OF PRODUCTION 50.0 0.0 X 229665 0 36661 ELIZABETH FRENKEL MANAGING DIRECTOR 50.0 0.0 X 190686 0 35093 WAYNE LOWERY DIR. EXTERNAL OPERATIONS 50.0 0.0 X 194603 0 11210 MICHAEL LONERGAN PRODUCING DIRECTOR 50.0 0.0 X 178808 0 12056 KIRSTEN REOCH DIRECTOR OF DESIGN 50.0 0.0 X 161160 0 25193 1978814 0 273590 14 false true false SPOTCO 119 WEST 40TH STREET 18TH FL NEW YORK NY 10018 ADVERTISING CONSULT 405223 THE LIGHTING SYNDICATE LLC 315 WEST 39TH STREET NEW YORK NY 10018 PRODUCTION ASSIST 395549 SEI 1 FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT ADVISORY 376453 OFFICE OF PERFORMING ARS FILM INC 130 JANE STREET APT 5J NEW YORK NY 10014 PERFORMANCE FEES 318876 ANDREW KREPS GALLERY 537 WEST 22ND STREET NEW YORK NY 10011 COMMISSION FEE 255000 8 2804950 6426490 6265286 277527 15496726 RENTAL OF EXHIBITION SPACE 531120 6334175 6334175 BOX OFFICE REVENUE 711190 4645763 4645763 TICKET AND FACILITY FEE INCOME 711190 345578 345578 TOUR REVENUE 711190 155358 155358 11480874 3793629 3793629 0 0 0 0 0 23147462 21322814 1824648 1824648 1824648 260530 2804950 260530 0 0 0 0 0 0 OTHER INCOME 900099 30170 30170 30170 32626047 11511044 5618277 0 0 0 0 1023892 481767 202481 339644 0 5058625 3560632 588035 909958 243434 158004 34856 50574 606752 415445 82608 108699 432217 300094 51153 80970 0 32653 22947 9706 52537 52537 0 0 376453 376453 4347779 3591625 421402 334752 1210223 1043773 166450 404834 313811 40528 50495 0 190051 190051 699481 674688 14039 10754 1539087 1489898 7404 41785 0 0 0 0 6241192 6059661 133518 48013 508541 487095 13246 8200 OTHER PRODUCTION COSTS 4407801 3840567 5141 562093 FACILITY CONTRACT SERVICES 832842 820391 505 11947 OTHER RENTAL COSTS 162613 95713 66900 MISCELLANEOUS 22427 9625 1871 10922 28393426 23555787 2035483 2802156 2403145 4259607 1152904 10268484 5837347 2453503 573135 284205 0 0 0 0 0 0 0 0 109031 312492 153480908 29673233 127830465 123807675 58636053 49777053 13040879 15021045 0 0 0 0 347636 347636 209930595 206531700 1886916 2174491 0 0 2816465 5596577 0 0 0 0 0 0 1000000 0 0 0 0 0 5703381 7771068 X 129067356 131097542 10159858 2864992 65000000 64798098 204227214 198760632 209930595 206531700 4232621 -9699203 X false true X true false X 27841986 71708501 8754678 9021455 15496726 132823346 0 0 27841986 71708501 8754678 9021455 15496726 132823346 75454726 57368620 1208 34702 1401014 2325129 3793629 7555682 0 27579 28346 34242 14349 30170 134686 140513714 0.40828 0.40721 X 72677609 -4575258 3304253 64798098 66284518 9656269 3263178 72677609 65027270 4507248 3250000 66284518 65000000 27270 65027270 1.00000 false false 123284089 28874195 94409894 1011341 799038 212303 29185478 0 29185478 123807675 HEDGE FUND 8939429 F FUND OF FUNDS 5188684 F PRIVATE EQUITY FUNDS 892932 F 15021045 0 0 X 22550391 -9699203 -9699203 32249594 376453 376453 32626047 28016973 28016973 376453 376453 28393426 FORM 990, SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS: THE ARMORY'S ENDOWMENT CONSISTS OF A DONOR-RESTRICTED FUND TO SUPPORT THE CHARITABLE PROGRAMS AND OPERATING NEEDS OF THE ARMORY. FORM 990, SCHEDULE D, PART X, LINE 2 INCOME TAX UNCERTAINTIES: The Armory is subject to the provisions of the Financial Accounting Standards Board's (The "FASB") ACCOUNTING STANDARDS Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income tax OBLIGATIONS. Because of the Armory's general tax-exempt status, MANAGEMENT BELIEVES ASC Topic 740 has not had, and is not anticipated to have, a material impact on the Armory's financial statements. UNRELATED BUSINESS INCOME TAX ("UBIT") EXPENSE REPORTED IN THE STATEMENTS OF ACTIVITIES OF THE ARMORY'S FINANCIAL STATEMENTS WAS APPROXIMATELY $11,000 DURING 2018, WHICH REPRESENTS THE ARMORY'S ACCRUED TAX ON DISALLOWED TRANSPORTATION BENEFITS AS REQUIRED BY THE TAX CUTS AND JOB ACT OF 2017 ("TCJA"), BEGINNING JANUARY 1, 2018. Europe (Including Iceland and Greenland) Program Services Travel and Related 312074 East Asia and the Pacific Program Services Travel and Related 11792 Middle East and North Africa Program Services Travel and Related 4029 Central America and the Caribbean Investments 8939429 9267324 9267324 true false false false false false FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN F AMOUNTS REPORTED ON THE ACCRUAL METHOD OF ACCOUNTING. FORM 990, SCHEDULE F, PART I, LINE 3(1) THROUGH 3(3) DURING 2018, VARIOUS EMPLOYEES OF THE ARMORY TRAVELED TO EUROPE, EAST ASIA, THE MIDDLE EAST, AND NORTH AMERICA TO COORDINATE DETAILS OF INTERNATIONAL PRODUCTIONS BROUGHT TO THE ARMORY. COSTS INCURRED WERE FOR LODGING, LOCAL TRAVEL AND MEALS WHILE IN THE FOREIGN COUNTRIES. GALA 3065480 2804950 260530 260530 0 3065480 2804950 260530 260530 260530 X X X false true false false false false false true false REBECCA ROBERTSON PRESIDENT 390475 0 75000 0 0 0 99120 0 16065 0 580660 0 75000 0 MELANIE FORMAN CHIEF DEVELOPMENT OFFICER 339644 0 0 0 0 0 20398 0 1112 0 361154 0 0 0 TIMOTHY NIM CAO/CFO (THROUGH 9/30/18) 218773 0 0 0 0 0 7713 0 8969 0 235455 0 0 0 PAUL KING DIRECTOR OF PRODUCTION 229665 0 0 0 0 0 14317 0 22344 0 266326 0 0 0 ELIZABETH FRENKEL MANAGING DIRECTOR 190686 0 0 0 0 0 12459 0 22634 0 225779 0 0 0 WAYNE LOWERY DIR. EXTERNAL OPERATIONS 194603 0 0 0 0 0 9792 0 1418 0 205813 0 0 0 MICHAEL LONERGAN PRODUCING DIRECTOR 178808 0 0 0 0 0 10739 0 1317 0 190864 0 0 0 KIRSTEN REOCH DIRECTOR OF DESIGN 151160 0 10000 0 0 9293 0 15900 0 186353 0 10000 0 FORM 990, SCHEDULE J, PART I, QUESTION 4 THE ARMORY MAINTAINS A SECTION 457(B) DEFERRED-COMPENSATION PLAN FOR SENIOR MANAGEMENT STAFF AS A SUPPLEMENT TO THE ARMORY'S SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN. DURRING THE YEAR ENDED DECEMBER 31, 2018 THE ARMORY CONTRIBUTED $11,000 TO THIS PLAN. FORM 990, SCHEDULE J, PART I, QUESTION 7 THE ARMORY PAYS DISCRETIONARY BONUSES TO CERTAIN EMPLOYEES. X 19 277527 FMV false true true FORM 990, SCHEDULE M, PART I, LINE 32A THE ARMORY USES A THIRD-PARTY BROKER TO SELL DONATED SECURITIES RECEIVED. FORM 990, PART I, LINE 7A, 7B AND PART V, LINES 3A AND 3B DUE TO THE TAX CUTS AND JOBS ACT, THE ARMORY WAS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON THE DISALLOWED TRANSIT BENEFITS, AND ACCORDINGLY FILED THE FORM 990-T. FORM 990, PART III, LINE 4A 2018 ARTISTIC SEASON 2018 was an exciting year for performing arts at the Armory, drawing nearly 84,000 visitors, including over 5,000 NYC public schools attending for free. All productions sold out and earned rave reviews: - Yerma (3/23-4/21): Directed by Simone Stone and starring Billie Piper, the play updated Lorca's 1934 play to contemporary London and was praised as "One of the most harrowing - and compelling - productions you are ever likely to see" (Ben Brantley, New York Times). Yerma earned a Special Citation from the Obie Awards, two Drama League nominations, four Drama Desk Nominations, and was named one of "The 10 Best Plays and Musicals of 2018" by Time Magazine. - MYRIAD (5/22-5/24): The Armorys second collaboration with the Redbull Music Academy invited diverse audiences to enjoy the Drill Hall as an environment for audio-visual presentations by innovators in pop music. The production featured the world premiere of Oheohtrix Point Nevers MYRIAD, augmented by a layered scenic and video design. - The Let Go (6/6 7/1): Nick Caves The Let Go invited diverse COMMUNITIES OF NEW YORK TO "LET GO" OF FRUSTRATIONS IN A VIBRANT "DANCE HALL/TOWN HALL." THE SPACE WAS ACTIVATED BY OVER 200 FEET OF MYLAR CURTAIN streamers, with events throughout the month that included: a Freedom Ball costume competition, Up Right performances featuring Caves signature soundsuits and music from the Sing Harlem Choir, installation hours with 90+ community groups from around the city, and an Artist Response Evening featuring Reggie (Regg Roc) Gray and the DREAM Ring, Francesca Harper, Nona Hendrix, and Helga Davis. - The Damned (7/17-7/28): Tony Award-winning director Ivo Van Hove restaged his chilling adaptation of Luchino Viscontis The Damned for the Armory, telling the story of the powerful German family the Essenbecks and their violent internal struggle for power and alliance with rising Nazism. The production marked the first New York performance by the renowned Comdie-Franaise in over a decade and was praised AS "ASTONISHING! IT CRACKLES WITH IMMEDIACY. IVO VAN HOVE'S PRODUCTION SCORCHES." (NEW YORK TIMES). - The Six Brandenburg Concertos (10/1 10/6): The Six Brandenburg Concertos was a new production conceived by Anne Teresa De Keersmaeker. De Keersmaekers staging of Bachs six Brandenburg Concertos, was performed by her dance company Rosas and acclaimed Early Music ensemble B`Rock Orchestra, and fulfilled a decades-long dream to create choreography that embodies Bachs masterpiece. According to the New York TIMES, THE PRODUCTION "SHED LIGHT ON THE 'BRANDENBURGS THIS IS A READING OF THE REVOLUTIONARY CONCERTOS AS JOYOUS YOUTHFUL AND BORDERLINE IMPROVISATORY." - The Head and the Load (12/4 12/15): Led by multi-disciplinary artist William Kentridge with composers Philip Miller and Thuthuka Sibisi, this new co-commission with Tate Modern and 14-18 NOW exposed the story of the African porters and carriers who served the British, French and German military forces during the First World War. The Head & THE LOAD WAS HAILED BY THE NEW YORK TIMES AS A "FIERCELY BEAUTIFUL HISTORICAL PAGEANT OF MUSIC, MOVEMENT, AND SHADOW..[A] FEROCIOUS PRODUCTION, WITH IMMEDIATE RELEVANCE TO TODAY'S DEBATES ON THE ENDURANCE OF COLONIAL LEGACIES IN OUR VIEWS OF RECENT HISTORY." The Artists Studio Series for the Veterans Room entered a third successful year with curator Jason Moran. Programs included: Alvin Curran PERFORMING "THE ALVIN CURRAN FAKE BOOK SAXOPHONIST, SOUND EXPERIMENTALIST, and mixed-media practitioner Matana Roberts exploring themes of American history, memory, and ancestry; experimental music pioneer Charlemagne Palestine performing within an immersive installation; and DJ/artist Juliana Huxtable with a new work combining video, sound, spoken word, and performance. In its sixth successful year, the Recital Series included: Grammy Award-winning mezzo-soprano Isabel Leonard in an all-Leonard Bernstein program; soprano Nadine Sierra with a program of art songs; The Metropolitan Operas Lindemann Young Artist Development Program; new music choir The Crossing; Pianist Severin von Eckardstein in his NYC recital debut; and Thomas Oliemans in his U.S. recital debut. The Interrogations of Form Series connected the Armorys programs with relevant issues through Symposia on the arts and social justice, Artist Talks, and Sunday Salons. A highlight of the year was a second annual FEBRUARY SYMPOSIUM ON "CULTURE IN A CHANGING AMERICA: THAT BROUGHT TOGETHER ARTISTS, ACTIVISTS, ACADEMICS, AND COMMUNITY LEADERS. ANOTHER HIGHLIGHT WAS A UNITED LENAPE POW WOW THAT DREW THOUSANDS OF PARTICIPANTS AND ATTENDEES IN A FIRST LARGE-SCALE CELEBRATION of Lenape culture and dance on Manhattan island since the 1700's. FORM 990, PART III, LINE 4A CONTINUED ARTS EDUCATION AT THE ARMORY Utilizing our magnificent historic building and the unique visual and performing arts programming that takes place within it, Park Avenue Armorys arts education program gives underserved New York City public school students from all five boroughs the opportunity to be immersed in the creative process of exceptional artists. The Arts Education Program has three main components: (1) Production-based Programming, in which students attend major productions of music, theater, dance and visual art, and participate in pre- and post-visit workshops with the Armorys talented corps of teaching artists; (2) Partner School Program, in which deeper relationships with schools are created through attendance at productions, in-school residencies and end-of-term events at the Armory; and (3) the Armory Youth Corps, a paid and closely mentored internship program focusing on students from underserved NYC public schools. Armory Arts Education programs are offered at no cost to students and schools and are developed in alignment with the NYS Next Generation Learning Standards and the NYC Blueprint for the Arts. In 2018: Over 5,000 NYC public school students attended FREE student matinees and participated in production-based programming; 8 Partner Schools received in-school residencies connecting the school curriculum with Armory productions and other resources; and nearly 100 Youth Corps interns worked over 13,000 paid hours. The Armory has also begun to pilot new programs for Youth Corps after high school, including a year-round Student Advisory Board, a Teaching Apprentice Program, Advanced Internships and Job Training, and a college persistence program. DESIGN AND CONSTRUCTION In 2018, we launched the first half of the Wade Thompson Drill Hall floor replacement project. The first 11,000 square feet completed are very solidly built and are a dramatic improvement on both the aesthetics of the space and its functionality. Preparation for the August 2019 phase of installation is well underway and the completed floor will include 8,000 SF of wood milled by artist Theaster Gates with his Chicago workforce. Upon completion of the floor in 2019, Gates will help celeBRATE ITS REOPENING WITH "BLACK ARTISTS RETREAT 2019: SONIC IMAGINATION," INCLUDING A PUBLIC CELEBRATION WITH ROLLER SKATING, DJ'S AND PERFORMERS, AND OTHER SPECIAL GUESTS AMIDST AN INSTALLATION OF SOME OF THE ARTIST'S FAMOUS "HOUSEBERGS." ALSO IN 2018, THE ARMORY SECURED ITS FINAL CERTIFICATE OF OCCUPANCY AND COMPLETED DESIGNS FOR TWO UPCOMPING PROJECTS: THE ADDITION OF A BRAND NEW REHEARSAL ROOM ON THE 5TH FLOOR OF THE BUILDING AND THE RENOVATION OF THE EXTERIOR MASONRY OF THE WADE THOMPSON DRILL HALL. FORM 990, PART VI, LINE 11 - POLICIES A DRAFT FORM 990, PREPARED BY EISNERAMPER LLP BASED ON INFORMATION PROVIDED BY MANAGEMENT, IS SUBMITTED TO THE CAO/CFO AND PRESIDENT FOR REVIEW. UPON APPROVAL, THE DRAFT FORM 990 IS PROVIDED TO THE FINANCE/AUDIT COMMITTEE OF THE BOARD FOR REVIEW, COMMENT, AND APPROVAL. UPON THE AUDIT COMMITTEE'S APPROVAL, THE FORM 990 IS PROVIDED TO THE FULL BOARD, PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, LINE 12 - POLICIES ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. ANY PONTENTIAL CONFLICTS REPORTED IN THE DISCLOSURE FORMS ARE REVIEWED BY THE FINANCE/AUDIT COMMITTEE OF THE BOARD. ANY CONFLICT THAT BECOMES KNOWN DURING THE YEAR SHALL BE REPORTED TO THE FINANCE/AUDIT COMMITTEE. THE EVALUATION AND RESOLUTION POLICIES OUTLINED IN THE CONFLICT OF INTEREST POLICY SHALL BE APPLIED. FORM 990, PART VI, LINE 15 - POLICIES COMPENSATION OF THE PRESIDENT IS SUBJECT TO REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE CO-CHAIRMEN OBTAIN COMPENSATION INFORMATION FROM INDEPENDENT SOURCES WHICH SERVE AS THE BASIS FOR COMPENSATION OFFERED TO THE EXECUTIVE POSITION IDENTIFIED ABOVE. OTHER SENIOR EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED BY THE PRESIDENT. FORM 990, PART VI, LINE 19 - DISCLOSURES THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES - PRODUCTION TOTAL FEES:4347779