2017-11-14T05:25:06-06:00 2016-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2016-01-01 134043587 NEW YORK STRUCTURAL BIOLOGY CENTER INC NEWY 2129390660 89 CONVENT AVENUE NEW YORK NY 10027 WILLA APPEL EXECUTIVE DIRECTOR 2129390660 2017-11-13 1 AARON SHAPIRO P01333816 2128674000 38.98.118.70 2017-11-13 16:10:59 ES P 225B73B148284D6C629F7CBF4AC09CDDFD7CF9F8 73A2BDB4DEE3E1301F7FB9DCBA9193E2BC5F7900 2016 2017-02-10 21:41:12Z DR WILLA APPEL 89 CONVENT AVENUE NEW YORK NY 10027 23646675 0 X WWW.NYSBC.ORG X 1999 NY TO OPERATE A STATE-OF-THE-ART FACILITY FOR ADVANCED RESEARCH IN STRUCTURAL BIOLOGY AND PROVIDE ADVANCED RESOURCES TO THE FACULTY OF ITS PARTICIPATING MEMBER INSTITUTIONS. 18 18 55 18 0 0 19482378 21435606 0 0 183778 188473 43609 175193 19709765 21799272 310000 220000 0 0 5123315 5105888 0 0 0 7426655 7447705 12859970 12773593 6849795 9025679 72730856 82793879 5267265 7623490 67463591 75170389 X THE NYSBC MISSION IS TO PROVIDE ADVANCED RESEARCH RESOURCES TO THE FACULTY OF ITS PARTICIPATING MEMBER INSTITUTIONS IN THREE KEY AREAS OF STRUCTURAL BIOLOGY: NUCLEAR MAGNETIC RESONANCE SPECTROSCOPY; CRYOELECTRON MICROSCOPY; AND X-RAY CRYSTALLOGRAPHY. 0 0 3468864 70000 SEE SCHEDULE O.NYSBC PROVIDES ACCESS TO HIGH-FIELD NUCLEAR MAGNETIC RESONANCE (NMR) SPECTROSCOPY TO FACULTY FROM ITS NINE AFFILIATED INSTITUTIONS. THE NMR FACILITY INSTRUMENTATION INCLUDES 8 NMR SPECTROMETERS: 2 @ 900 MHZ; 3 @ 800 MHZ; AND 1 EACH @ 750, 500 MHZ AND A 600 MHZ DYNAMIC NUCLEAR POLARIZATION SOLID STATE NMR (DNP-NMR). THE INSTRUMENTS OPERATE 24 HRS/DAY, 7 DAYS/WEEK AND ON AVERAGE WAS AVAILABLE 328 DAYS IN 2016. IN MARCH, A 9TH NMR SPECTROMETER WAS INSTALLED, A 700 MHZ INSTRUMENT WITH AN AVANCEIII CONSOLE. THESE RESOURCES ALLOW RESEARCHERS TO DETERMINE THE STRUCTURE OF PROTEINS IN SOLUTION AND IN SOLID STATE ATOMIC RESOLUTION, DATA THAT PROVIDES INSIGHT INTO THE FUNCTIONAL PROPERTIES OF THE PROTEINS. IN 2016, GROUP MEMBERS FROM THE LABORATORIES OF 26 AFFILIATED PRINCIPAL INVESTIGATORS MADE USE OF THESE INSTRUMENTS. DATA COLLECTED WITH THESE INSTRUMENTS PRODUCED 20 PUBLICATIONS IN EMINENT SCIENTIFIC JOURNALS. THE CENTER ALSO CONDUCTED A GRADUATE LEVEL LECTURE AND SEVERAL TRAINING SHORT COURSES TO TEACH ADVANCED NMR TECHNIQUES TO 22 GRADUATE STUDENTS AND POSTDOCTORAL FELLOWS FROM THE AFFILIATED INSTITUTIONS. IN JUNE WE HELD AN NMR DYNAMICS WORKSHOP, NMR IN MOTION, WHICH WAS ATTENDED LOCALLY BY 19 PARTICIPANTS AND NATIONALLY BY AN ADDITIONAL 36 PARTICIPANTS REMOTELY VIA THE WEB. 4488507 SEE SCHEDULE O.RESEARCH CONDUCTED AT THE SIMONS ELECTRON MICROSCOPY CENTER (SEMC) IS AIMED AT DETERMINING THE STRUCTURE OF MACROMOLECULES TO HELP UNDERSTAND THEIR FUNCTION. THE FACILITY HAS SIX TRANSMISSION ELECTRON MICROSCOPES: 2 @ 120KV, 1 @ 200 KV, 3 @ 300 KV, AS WELL AS A DUAL-BEAM FOCUSED ION BEAM SCANNING ELECTRON MICROSCOPE. SEMC HAS ASSISTED WITH 266 PROJECTS. GROUPS COME FROM ALL 9 NYSBC MEMBER INSTITUTIONS AS WELL AS THE NATIONAL COMMUNITY THROUGH COLLABORATIONS WITH THE NATIONAL RESOURCE FOR AUTOMATED MOLECULAR MICROSCOPY. MORE THAN 3700 DATA COLLECTION SESSIONS HAVE BEEN SUPPORTED ON SEMC INSTRUMENTS AND 1,237,567 HIGH MAGNIFICATION IMAGES OR MOVIES ACQUIRED. A TOTAL OF 21 PERSONNEL ARE NOW ENGAGED IN THE ACTIVITIES OF THE SEMC. SEMC ALSO PROVIDES EXTENSIVE TRAINING TO MEMBERS OF THE COMMUNITY THROUGH WORKSHOPS, COURSES AND OTHER TRAININGS SESSIONS. 481953 SEE SCHEDULE O.NYSBC HAS MAINTAINED X-RAY CRYSTALLOGRAPHY RESOURCES (BEAMLINES X4A AND X4C) AT BROOKHAVEN NATIONAL LABORATORY (BNL) SINCE 2003. THESE BEAMLINES WERE USED PRODUCTIVELY FOR NYSBC SCIENTISTS AND NSLS GENERAL USERS UNTIL THE NATIONAL SYNCHROTRON LIGHT SOURCE (NSLS) WAS CLOSED IN SEPTEMBER 2014. IN ANTICIPATION OF A SUCCESSOR SYNCHROTRON OPENING AT BNL, NATIONAL SYNCHROTRON LIGHT SOURCE II (NSLS- II) NYSBC UNDERTOOK THE DEVELOPMENT OF A NEW MICRODIFFRACTION BEAMLINE, 19ID-NYX. NYX IS CURRENTLY BEING COMMISSIONED AND IS SCHEDULED TO BE OPERATIONAL BY LATE 2017. THE NYX BEAMLINE DEVELOPMENT PROGRAM HAS ACCOMPLISHED SEVERAL MILESTONES ASSOCIATED IN DESIGNING AND CONSTRUCTING THE BEAMLINE. COMPONENTS DEVELOPED INCLUDE (1) SHIELDED ENCLOSURES AND VACUUM TUBULATION FOR THE CONTAINMENT AND TRANSPORT OF THE SYNCHROTRON AND BREMSSTRAHLUNG RADIATION, (2) A NOVEL DOUBLE-CRYSTAL MONOCHROMATOR (DCM) TO PROVIDE HIGH ENERGY RESOLUTION FOR OPTIMIZED ANOMALOUS DIFFRACTION AND A SAGITTALLY BENT SECOND CRYSTAL TO PROVIDE HORIZONTAL FOCUSING, (3) A VERTICAL FOCUSING MIRROR TO PROVIDE MICRO FOCUSED X-RAYS TO CRYSTAL SAMPLES, (4) A MICRODIFFRACTOMETER AND INTEGRATED ROBOTIC SAMPLE CHANGER TO ORIENT AND EXCHANGE CRYOGENICALLY FROZEN CRYSTAL SAMPLES, AND (5) THE HF-4M DUAL MODE PIXEL ARRAY DETECTOR (DMPAD), WHICH PROVIDES A 2K X 2K ARRAY OF X-RAY SENSITIVE PIXELS OPTIMIZED TO COLLECT CRYSTALLOGRAPHIC DATA WITH UNPRECEDENTED DYNAMIC RANGE.NYX WILL PROVIDE NYSBC MEMBER INSTITUTIONS' FACULTY AND GENERAL USERS WITH ADVANCED SYNCHROTRON RADIATION AND INSTRUMENTATION NECESSARY FOR MACROMOLECULAR STRUCTURE DETERMINATION. 2351037 150000 THE SPECIAL PROJECTS GROUP (SPG) AT NYSBC IS A TEAM OF EXPERT SCIENTISTS THAT PERFORMS FEE-FOR-SERVICE PROTEIN STRUCTURE DETERMINATION AND PROTEIN PRODUCTION SERVICES FOR EXTERNAL CLIENTS. IN ADDITION, THEY ALSO RECEIVE FUNDING THROUGH COLLABORATIVE RESEARCH PROJECTS WITH ACADEMIC AND GOVERNMENT LABORATORIES. IN 2016, THE SPG COMPLETED A TWO YEAR CONTRACT WITH EDGEWOOD CHEMICAL BIOLOGICAL CENTER (ECBC) TO STUDY THE STRUCTURE AND DYNAMICS OF HUMAN ACETYLCHOLINESTERASE USING X-RAY CRYSTALLOGRAPHY AND NMR, TO PROVIDE HIGH RESOLUTION DETAIL FOR THE PURPOSES OF DEVELOPING IMPROVED ANTIDOTES FOR CHEMICAL WARFARE NERVE AGENT EXPOSURE. SPG ALSO COMPLETED THE SECOND YEAR OF A FIVE YEAR CONTRACT WITH NIAID (NATIONAL INSTITUTE OF ALLERGY AND INFECTIOUS DISEASES) TO USE STRUCTURAL BIOLOGY TO INVESTIGATE RICIN TOXIN, FOR MORE EFFECTIVE DESIGN OF AN ANTI-TOXIN VACCINE. THE GROUP ALSO COMPLETED SMALLER PROTEIN PRODUCTION AND CRYSTALLOGRAPHY RESEARCH PROJECTS FOR 4 CLIENTS, AN ACADEMIC LABORATORY AT COLUMBIA UNIVERSITY, AND PUBLISHED 3 MANUSCRIPTS IN SCIENTIFIC JOURNALS. IN 2016, THE NEW YORK STRUCTURAL BIOLOGY CENTER (NYSBC) AND THE CENTER ON MEMBRANE PROTEIN PRODUCTION AND ANALYSIS (COMPPA) WERE THE RECIPIENTS OF A P41 BIOMEDICAL TECHNOLOGY RESEARCH RESOURCE AWARD. COMPPA WAS ESTABLISHED TO DEVELOP TECHNOLOGIES FOR THE PRODUCTION AND STUDY OF MEMBRANE PROTEINS OF RELEVANCE TO BIOLOGY AND MEDICINE. WAYNE HENDRICKSON, NYSBC SCIENTIFIC DIRECTOR AND UNIVERSITY PROFESSOR AT COLUMBIA UNIVERSITY MEDICAL CENTER IS THE PRIMARY INVESTIGATOR OF THE FIVE YEAR GRANT. IN 2016, COMPPA SCIENTISTS AND THEIR COLLABORATORS PUBLISHED FOUR PAPERS, ALL OF WHICH APPEARED IN THE PRESTIGIOUS CELL, SCIENCE AND NATURE JOURNAL FAMILIES. THREE OF THESE PUBLICATIONS REPORT THE NOVEL THREE-DIMENSIONAL STRUCTURES OF INTEGRAL MEMBRANE PROTEINS - TWO FROM VERTEBRATES AND ONE FROM BACTERIA - AND THE FOURTH IS A REVIEW OF ADVANCEMENTS IN STRUCTURE ANALYSIS AND DETERMINATION TECHNIQUES. 2351037 150000 10790361 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 55 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 NY X DR WILLA APPEL EXECUTIVE DIRECTOR 2129390660 89 CONVENT AVENUE NEW YORK NY 10027 DR DAVID HIRSH CHAIRMAN 4.00 X X 0 0 0 DR FREDERICK MAXFIELD SECRETARY 0.10 X X 0 0 0 DR ERIC COTTINGTON TREASURER 0.20 X X 0 0 0 DR STEVEN C ALMO BOARD MEMBER 0.10 X 0 0 0 DR MARK GIRVIN BOARD MEMBER 0.10 X 0 0 0 DR TONY M LISS BOARD MEMBER 0.10 X 0 0 0 DR KEVIN GARDNER BOARD MEMBER 0.10 X 0 0 0 DR ANN MCDERMOTT BOARD MEMBER 0.10 X 0 0 0 DR CHRISTOPHER LIMA BOARD MEMBER 0.10 X 0 0 0 DR ANEEL AGGARWAL BOARD MEMBER 0.10 X 0 0 0 DR MING-MING ZHOU BOARD MEMBER 0.10 X 0 0 0 DR PAUL HORN BOARD MEMBER 0.10 X 0 0 0 DR SETH DARST BOARD MEMBER 0.10 X 0 0 0 DR TIMOTHY P O'CONNOR BOARD MEMBER 0.10 X 0 0 0 DR ERASMUS SCHNEIDER BOARD MEMBER 0.10 X 0 0 0 DR HAREL WEINSTEIN BOARD MEMBER 0.10 X 0 0 0 IRA MILLSTEIN ESQ BOARD MEMBER 0.10 X 0 0 0 MR LESLIE GREENGARD BOARD MEMBER 0.10 X 0 0 0 DR WILLA APPEL EXECUTIVE DIRECTOR 37.50 X 392915 0 46056 DR CLINTON POTTER SEMC - CO DIRECTOR 37.50 X 293284 0 63790 DR BRIDGET CARRAGHER SEMC - CO DIRECTOR 37.50 X 298700 0 39372 DR MICHAEL GOGER SR. SCIENTIST & NMR MGR. 37.50 X 159721 0 16401 DR JOSEPH LIDESTRI SR. SCIENTIST & MGR. OF BE 37.50 X 139341 0 17297 DR XIAOCHUN YANG SR. RESEARCH ASSOCIATE 37.50 X 126780 0 39883 1410741 0 222799 15 0 1 0 FEI COMPANY 5350 NE DAWSON CREEK DRIVE HILLSBORO OR 97124 SCIENTIFIC EQUIPMENT 8068589 FRESH MEADOW CHILLER ASSOCIATES LLC 65-01 FRESH MEADOW LANE FRESH MEADOWS NY 11365 HVAC MAJOR UPGRADE 1754250 BRUKER BIOSPIN CORPORATION 15 FORTUNE DRIVE BILLERICA MA 01821 SCIENTIFIC EQUIPMENT & MAINTENANCE 1385098 BROOKHAVEN NATIONAL LABORATORY 20 BROOKHAVEN AVENUE UPTON NY 11973 SCIENTIFIC EQUIPMENT & LAB USAGE 1022020 PK ASOCIATES INC 30 CLAREMONT AVENUE THORNWOOD NY 10594 RENOVATION & CONSTRUCTION 779296 23 4458610 16976996 21435606 194201 194201 1841675 1847403 -5728 -5728 -5728 FACILITIES USAGE 541380 145390 145390 MISCELLANEOUS 900099 29803 29803 175193 21799272 0 0 363666 220000 220000 438971 144860 294111 3604760 2968156 636604 368795 297571 71224 377434 301175 76259 315928 244814 71114 97746 73999 23747 73979 29858 44121 52500 52500 10141 10141 36816 36816 488095 338789 149306 427980 336194 91786 708345 640034 68311 87357 80691 6666 47261 39661 7600 3473789 3323952 149837 268214 215913 52301 LAB SUPPLIES AND EQUIPM 910091 908759 1332 MAINTENANCE CONTRACT 670098 567131 102967 95293 48663 46630 12773593 10790361 1983232 0 800 800 4549853 4223418 13761278 11955408 32392 31614 803184 250118 92627033 32986982 47230920 59640051 6352429 6692470 72730856 82793879 3325920 5757813 1941345 1865677 5267265 7623490 X 52717875 66676772 14745716 8493617 67463591 75170389 72730856 82793879 X 9025679 225330 -1544211 X X 0 1 X 1 1 1 X 10550182 11823590 30914977 19482378 21435606 94206733 10550182 11823590 30914977 19482378 21435606 94206733 35820860 58385873 182927 171388 185431 187531 194201 921478 57089 56048 287716 43609 175193 619655 95747866 0.60980 0.71100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FACILITIES USAGE MISCELLANEOUS LIQUIDATED DAMAGES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 10141 0 0 10141 0 PART II-B, LINE 1: LOBBYING ACTIVITIES CONSISTED OF THE FOLLOWING: MEETINGS, PHONE CONVERSATIONS, AND EMAILS REGARDING A POTENTIAL CAPITAL PROPOSAL AND THE APPLICATION FOR SAME. THESE INCLUDED INTERFACING WITH MEMBERS OF THE WAYS & MEANS COMMITTEE, THE ASSEMBLY SPEAKER, THE DEPUTY DIRECTOR OF OPERATIONS FOR THE GOVERNOR AND THE SECRETARY TO THE GOVERNOR. 4253220 1524072 2729148 28988871 9512605 19476266 36908992 21950305 14958687 22475950 22475950 59640051 X 20443575 225330 -1544211 -1318881 21762456 36816 36816 21799272 12736777 0 12736777 36816 36816 12773593 PART X, LINE 2: THE CORPORATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2013 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSITION OF OBSOLETE FIXED ASSETS -1,544,211. 1 TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK 630 W 168TH STREET NEW YORK NY 10032 135598093 501(C)(3) 220000 RESEARCH 1 0 PART I, LINE 2: ALL SUBCONTRACTORS AND/OR GRANT RECIPIENTS SIGN AN AGREEMENT WITH NYSBC TO PERFORM WORK IN ACCORDANCE WITH PROJECT AIMS AND SPONSOR GUIDELINES. NYSBC REVIEWS INVOICES AND REQUESTS BACK UP DOCUMENTATION, AS NEEDED, IN ORDER TO REVIEW AND APPROVE ALLOWABLE EXPENSES. THE GRANTS & CONTRACTS MANAGER ALSO MONITORS EXPENDITURES ON SUBCONTRACTOR/GRANTEE INVOICES IN ORDER TO ENSURE ALIGNMENT WITH THE ORIGINAL BUDGET. NYSBC ALSO REQUESTS AND REVIEWS INSURANCE CERTIFICATES AND SINGLE AUDIT REPORTS ON AN ANNUAL BASIS. NYSBC'S INVESTIGATOR RECEIVES PROGRESS REPORTS FROM SUBCONTRACTORS/GRANTEES. PROGRESS REPORTS ARE SUBMITTED AT LEAST ON AN ANNUAL BASIS TO THE SPONSORING AGENCIES. DURING THE PROJECT PERIOD, NYSBC'S ADMINISTRATION AND PROGRAM STAFF ARE IN CONTACT WITH THE SUBCONTRACTOR/GRANTEE STAFF TO DISCUSS PROGRAM PROGRESS, PREPARE PRESENTATIONS FOR SCIENTIFIC MEETINGS AND TO DISCUSS ADMINISTRATIVE MATTERS. X X 0 0 0 0 0 0 0 0 0 DR WILLA APPEL EXECUTIVE DIRECTOR 392915 0 0 0 0 0 26500 0 19556 0 438971 0 0 0 DR CLINTON POTTER SEMC - CO DIRECTOR 293284 0 0 0 0 0 26500 0 37290 0 357074 0 0 0 DR BRIDGET CARRAGHER SEMC - CO DIRECTOR 298700 0 0 0 0 0 26500 0 12872 0 338072 0 0 0 DR MICHAEL GOGER SR. SCIENTIST & NMR MGR. 159721 0 0 0 0 0 15988 0 413 0 176122 0 0 0 DR JOSEPH LIDESTRI SR. SCIENTIST & MGR. OF BE 139341 0 0 0 0 0 14240 0 3057 0 156638 0 0 0 DR XIAOCHUN YANG SR. RESEARCH ASSOCIATE 126780 0 0 0 0 0 13058 0 26825 0 166663 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ON JUNE 30, 1999, THE CORPORATION ENTERED INTO A MEMBERS CONTRIBUTION AGREEMENT (THE AGREEMENT) WITH ITS MEMBER PARTIES. THE AGREEMENT INCLUDED, AMONG OTHER THINGS, A LEGAL REQUIREMENT THAT THE THEN NINE MEMBER INSTITUTIONS (ALL TAX-EXEMPT UNDER THE INTERNAL REVENUE CODE) MAKE A STIPULATED CAPITAL CONTRIBUTION IN ORDER TO FUND THE CORPORATION'S CONSTRUCTION OF A RESEARCH FACILITY AND ACQUISITION OF HIGH-FIELD NUCLEAR MAGNETIC RESONANCE INSTRUMENTS. AT PRESENT EIGHT (8) CURRENT MEMBERS ALSO MAKE ANNUAL OPERATING CONTRIBUTIONS. (CUNY IS EXEMPT FROM THIS REQUIREMENT BY VIRTUE OF ITS CAPITAL IN-KIND CONTRIBUTION OF LAND AND A BUILDING). ANNUAL OPERATING CONTRIBUTIONS ENTITLE EACH MEMBER INSTITUTION TO A PRO-RATA SHARE OF TIME ON THE INSTRUMENTS OWNED AND OPERATED BY THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A AS PROVIDED FOR IN THE BY-LAWS, THE SUSTAINING, CONTRIBUTING AND ASSOCIATE MEMBER REPRESENTATIVES VOTE BY CLASS FOR BOARD DIRECTORS USING PRINCIPLES OF CUMULATIVE VOTING. IN EACH CASE, MEMBERS OF A CLASS DIVIDE THEIR VOTES EVENLY AMONG THE INDIVIDUALS NOMINATED BY THE MEMBERS. THIS ELECTION OCCURS AT EVERY ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE POWER TO ELECT BOARD DIRECTORS OF THE CORPORATION AND ARE ENTITLED TO VOTE ON ALL OTHER BUSINESS OF THE CORPORATION ON WHICH MEMBERS OF A NOT-FOR-PROFIT CORPORATION ARE ENTITLED TO VOTE PURSUANT TO NOT-FOR-PROFIT CORPORATION LAWS OF THE STATE OF NEW YORK OR PURSUANT TO THE BY-LAWS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR HAS BEEN DESIGNATED TO REVIEW AND APPROVE THE FORM 990 ON BEHALF OF ITS BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE ACCOUNTING STAFF AND THE EXECUTIVE DIRECTOR COMPLETE A 990 QUESTIONNAIRE PROVIDED TO NYSBC BY ITS INDEPENDENT AUDIT FIRM. A DRAFT FORM 990 IS THEN PREPARED BY THE INDEPENDENT AUDIT FIRM. IT IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE CORPORATION BEFORE THE FINAL FORM 990 IS SUBMITTED TO THE IRS. THE FORM 990 IS THEN MADE AVAILABLE TO THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS APPROVED THE CREATION OF A CONFLICTS RESOLUTION COMMITTEE COMPOSED OF MEMBERS OF THE BOARD OF DIRECTORS. NYSBC'S CONFLICT OF INTEREST POLICY IS REVIEWED AND REVISED PERIODICALLY BY THE ORGANIZATION'S OFFICERS AND COUNSEL. ALL EMPLOYEES ARE PROVIDED WITH A COPY OF THE POLICY AND ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. DISCLOSURE FORMS ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND CONFLICTS ARE SUBMITTED TO THE CONFLICTS RESOLUTION COMMITTEE FOR APPROPRIATE ACTION, IF NECESSARY. THE CONFLICT OF INTEREST POLICY IS POSTED ON NYSBC'S INTRANET. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR. THE PROCESS INCLUDES A COMPARISON OF COMPENSATION FOR A SIMILAR POSITION AT SIMILAR INSTITUTIONS. THE EXECUTIVE COMMITTEE MEETS TO DISCUSS EXECUTIVE COMPENSATION. COMPARISON ADMINISTRATOR DATA WAS REVIEWED FROM IVY LEAGUE SCHOOLS AND A COHORT OF NOT-FOR-PROFIT RESEARCH INSTITUTES (MERCER SURVEY). IN FEBRUARY 2016 THE EXECUTIVE COMMITTEE HELD A MEETING REGARDING WILLA APPEL'S COMPENSATION FOR FISCAL YEAR 2016. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSITION OF OBSOLETE FIXED ASSETS -1,544,211. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.