2017-05-10T09:45:18-05:00 2016-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-07-01 237412428 INTERNATIONAL CENTER OF PHOTOGRAPHY INTE 2128570000 1114 AVENUE OF THE AMERICAS NEW YORK NY 10036 CPA COO & CFO 2128570000 2017-05-10 1 ROBERT LYONS P00227472 2125038800 2015 2021-01-29 14:40:06Z LAURIE MCLEOD 1114 AVENUE OF THE AMERICAS NEW YORK NY 10036 22233543 0 X WWW.ICP.ORG X 1974 NY THE INTERNATIONAL CENTER OF PHOTOGRAPHY IS A CENTER WHERE PHOTOGRAPHS ARE COLLECTED, PROTECTED, RESEARCHED, AND EXHIBITED; A PLACE WHERE STUDENTS OF ALL AGES AND ACCOMPLISHMENTS LEARN TO MAKE IMAGES AND ARE CHALLENGED BY TECHNICAL AND AESTHETIC LESSONS. ICP PROVIDES A FORUM FOR THE EXCHANGE OF IDEAS AND FOR THE USE OF PHOTOGRAPHY AS A MEDIUM FOR REVEALING THE HUMAN CONDITION. 29 28 391 385 0 0 18387687 5384420 8400425 6684471 4686695 1174538 265289 366307 31740096 13609736 633228 651896 0 0 8033237 6903492 0 0 1598615 8053355 9415264 16719820 16970652 15020276 -3360916 54722951 51244957 16730335 18149171 37992616 33095786 X THE INTERNATIONAL CENTER OF PHOTOGRAPHY IS A MUSEUM AND SCHOOL DEDICATED TO THE UNDERSTANDING AND APPRECIATION OF PHOTOGRAPHY. ICP CREATES PROGRAMS OF THE HIGHEST QUALITY TO ADVANCE KNOWLEDGE OF THE MEDIUM. THESE INCLUDE EXHIBITIONS, COLLECTIONS, AND EDUCATION FOR THE GENERAL PUBLIC, MEMBERS, STUDENTS, AND PROFESSIONALS IN THE FIELD OF PHOTOGRAPHY. 0 0 9431178 651896 5999974 EDUCATION - ICP'S LECTURES, SEMINARS, AND WORKSHOPS COVER ALL ASPECTS OF PHOTOGRAPHY. ADULT EDUCATION COURSES TOTALING 376 IN FY 2016 WERE ATTENDED BY 3,514 STUDENTS. IN ADDITION TO THESE CONTINUING EDUCATION COURSES, ICP OFFERED 4 FULL-TIME PROGRAMS ATTENDED BY 93 STUDENTS: 3 SINGLE-YEAR CERTIFICATE PROGRAMS AND A 2-YEAR MASTER OF FINE ARTS PROGRAM IN COLLABORATION WITH BARD COLLEGE. 20 PUBLIC LECTURES WERE OFFERED AT ICP AND 5 EXHIBITIONS OF STUDENT, FACULTY, AND ALUMNI PHOTOGRAPHS WERE PRESENTED IN THE EDUCATION GALLERY. THE ICP LIBRARY, WHICH SERVES STUDENTS, FACULTY, STAFF, SCHOLARS, AND THE GENERAL PUBLIC, ACQUIRED 3,841 BOOKS IN FY 2016, SERVING OVER 8,280 PATRONS ON-SITE AND RESPONDING TO OVER 4,110 TELEPHONE OR EMAIL RESEARCH REQUESTS. 2352163 362307 EXHIBITIONS - ICP'S IN-HOUSE AND TRAVELING EXHIBITIONS REFLECT THE HISTORY OF PHOTOGRAPHIC STYLES AND APPLICATIONS. IN FY 2016, ICP PRESENTED 6 TEMPORARY EXHIBITIONS, AND 5 TRAVELING EXHIBITIONS AT VENUES AROUND THE WORLD. MUSEUM ATTENDANCE WAS 8,194. 570603 277963 ARCHIVES & COLLECTIONS - ICP MAINTAINS A PERMANENT COLLECTION OF APPROXIMATELY 154,000 PHOTOGRAPHIC PRINTS, 5,000 TIME BASED MEDIA AUDIO, VIDEO AND MOTION PICTURE FILMS, AND 202,000 NEGATIVES. IN FY 2016, ICP ACQUIRED 430 NEW WORKS FOR THE COLLECTIONS, AND OVER 166 RESEARCHERS CONSULTED WORKS IN THE ICP PRINT STUDY ROOM. 148349 44227 MUSEUM STORE 25413 PUBLICATIONS - EXHIBITION CATALOGS AND BOOKS ABOUT PHOTOGRAPHY PUBLISHED BY THE CENTER AND PUBLIC PROGRAMMING. 173762 44227 12527706 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 501 0 391 1 0 0 0 0 0 1 1 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X VICTOR F QUINONES 2128570023 1114 AVENUE OF THE AMERICAS NEW YORK NY 10036 CARYL S ENGLANDER CHAIR 8.00 X X 0 0 0 JEFFREY A ROSEN PRESIDENT 4.00 X X 0 0 0 RENEE W HARBERS LIDDELL EXECUTIVE VICE PRESIDENT 4.00 X X 0 0 0 STEPHANIE H SHUMAN EXECUTIVE VICE PRESIDENT 4.00 X X 0 0 0 PEGGY ANDERSON VICE PRESIDENT 4.00 X X 0 0 0 ALMUNDENA LEGORETTA VICE PRESIDENT 4.00 X X 0 0 0 ANDREW LEWIN VICE PRESIDENT & SECRETARY 4.00 X X 0 0 0 SAMUEL L MILBANK TREASURER 4.00 X X 0 0 0 MICHAEL A CLINTON TRUSTEE 2.00 X 0 0 0 JAMES A D'AQUILA TRUSTEE 2.00 X 0 0 0 LISA DENNISON TRUSTEE 2.00 X 0 0 0 ADAM FUSS TRUSTEE 2.00 X 0 0 0 TJ GOTTESDIENER TRUSTEE 2.00 X 0 0 0 PETER GUGGENHEIMER TRUSTEE 2.00 X 0 0 0 DOUGLAS HANSEN TRUSTEE 2.00 X 0 0 0 BOB JEFFREY TRUSTEE 2.00 X 0 0 0 BICKY KELLNER TRUSTEE 2.00 X 0 0 0 ELLEN KELSON TRUSTEE 2.00 X 0 0 0 RAYMOND J MCGUIRE TRUSTEE 2.00 X 0 0 0 SCOTT MEAD TRUSTEE 2.00 X 0 0 0 JAN W MULDER TRUSTEE 2.00 X 0 0 0 FABIAN ONETTI TRUSTEE 2.00 X 0 0 0 PAT SCHOENFELD TRUSTEE 2.00 X 0 0 0 FREDERICK SIEVERT TRUSTEE 2.00 X 0 0 0 JON D SMITH JR TRUSTEE 2.00 X 0 0 0 JANICE B STANTON TRUSTEE 2.00 X 0 0 0 STEFANO TONCHI TRUSTEE 2.00 X 0 0 0 DIANE TUFT TRUSTEE 2.00 X 0 0 0 HEATHER VRATTOS TRUSTEE 2.00 X 0 0 0 KARL KATZ TRUSTEE (FORMER) 2.00 X 0 0 0 MARK LUBELL EXECUTIVE DIRECTOR 40.00 X 403355 0 47749 LAURIE MCLEOD CHIEF OPERATING & FINANCIAL OFFICER 40.00 X 180185 0 18902 PHILLIP BLOCK DEP. DIR. FOR PROGRAMMING 40.00 X 174847 0 34925 PER ERIK GYLFE DIRECTOR FOR EDUCATION 40.00 X 136630 0 15053 JEFFREY KONGSLIE SEN. DIR. OF IND. GIVING 40.00 X 132894 0 7562 LISA ZIVIELLO DIRECTOR OF MARKETING 40.00 X 114015 0 15103 VICTOR F QUINONES CONTROLLER 40.00 X 112884 0 14850 1254810 0 154144 10 0 1 0 JRM CONSTRUCTION MANAGEMENT LLC 242 WEST 36TH STREET 9TH FL NEW YORK NY 10001 CONSTRUCTION 2734128 STAMP EVENT MANAGEMENT LLC 130 WEST 29TH STREET 5TH FL NEW YORK NY 10001 EVENT CONSULTANTS 248385 SKIDMORE OWINGS AND MERRILL 14 WALL STREET 24TH FL NEW YORK NY 10005 DESIGN 180000 NORTH KINGDOM DESIGN & COMMUNICATION AB STORGATAN 32 S-931 SKELLEFTEA SW WEBSITE UPGRADE 143675 PROTELI LLC 1271 6TH AVENUE SUITE 4300 NEW YORK NY 10020 SERVER HOSTING 143663 9 913622 125000 4345798 378132 5384420 TUITION AND EDUCATION FEES 611600 5999974 5999974 EXHIBITIONS AND OTHER 900099 406534 406534 MEMBERSHIP 900099 277963 277963 6684471 304700 304700 187617 187617 178690 0 178690 178690 178690 8971718 8101880 869838 869838 869838 521927 913622 521927 0 13609736 6684471 0 1540845 651896 651896 864910 864910 4802259 3342736 742290 717233 174278 129776 26623 17879 563441 390188 119496 53757 498604 305652 150841 42111 54159 54159 91963 91963 1235966 664722 299691 271553 309154 47342 5268 256544 1138006 1068537 43103 26366 63137 29309 29118 4710 2951794 2811176 103800 36818 251550 183828 58275 9447 485625 485625 401430 343442 44636 13352 TEACHER AND LECTURE FEE 1303030 1299278 800 2952 PRINTING 228449 154646 8559 65244 POSTAGE AND SHIPPING 217860 174465 3207 40188 MISCELLANEOUS 194846 170197 22344 2305 488295 274891 175248 38156 16970652 12527706 2844331 1598615 16449 1050055 3048710 7957471 4322475 172053 170872 171610 96610 490418 358148 43921336 14809591 24710878 29111745 11932155 6865202 7629283 6488290 592579 782905 54722951 51244957 914457 1579433 907217 2054539 14908661 14515199 16730335 18149171 X 23328302 18835046 3807055 3383481 10857259 10877259 37992616 33095786 54722951 51244957 -3360916 -1535914 0 X X 0 1 X 1 0 X 4637187 3744707 4535419 18387687 5384420 36689420 4637187 3744707 4535419 18387687 5384420 36689420 13358579 23330841 704353 584461 464078 359801 671007 2783700 26499 881000 7840 915339 40388459 42636114 0.57770 0.61300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 13634773 20000 -260963 652009 12741801 13280631 432500 546044 624402 13634773 11950954 1915204 585527 13280631 11145526 205000 1149915 549487 11950954 10614749 1045000 -18925 495298 11145526 0.83690 0.16310 0 0 2348932 2348932 25377960 12200 25365760 11964821 11939076 25745 2671502 2075978 595524 1558121 782337 775784 29111745 MULTIPLE STRATEGY FUND 3642358 F LIMITED PARTNERSHIPS 2845932 F 6488290 X 11329963 -1535914 -1535914 12865877 91963 651896 743859 13609736 16226793 0 16226793 91963 651896 743859 16970652 PART III, LINE 1A: THE CENTER'S ARCHIVES AND COLLECTION INCLUDES OVER 150,000 PRINTS BY MORE THAN 1,000 PHOTOGRAPHERS. THE CENTER ALSO MAINTAINS AN EXTENSIVE LIBRARY OF PHOTOGRAPH BOOKS AND PUBLICATIONS. THESE RESOURCES ARE MAINTAINED FOR PUBLIC BENEFIT, TO BE USED IN PUBLIC EXHIBITIONS AND FOR EDUCATION AND RESEARCH ACTIVITY. IN ACCORDANCE WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THESE RESOURCES HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION, AND GIFTS OF OBJECTS FOR THE COLLECTION AND LIBRARY ARE EXCLUDED FROM THE STATEMENTS OF ACTIVITIES. PURSUANT TO THE CENTER'S POLICY AND GENERALLY ACCEPTED PRACTICE AT ART MUSEUMS, PROCEEDS FROM THE SALE OF COLLECTION OR LIBRARY OBJECTS ARE USED TO ACQUIRE OTHER COLLECTION OR LIBRARY OBJECTS. SUCH PROCEEDS, TOGETHER WITH CONTRIBUTIONS AND UNCONDITIONAL PROMISES TO GIVE FOR THE PURCHASE OF ITEMS FOR THE COLLECTION AND LIBRARY, ARE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL ACQUISITIONS ARE MADE. THE COST OF SUCH ACQUISITIONS IS RECORDED AS A SEPARATE PROGRAM EXPENSE. PART III, LINE 4: THE PERMANENT COLLECTION AT THE INTERNATIONAL CENTER OF PHOTOGRAPHY (ICP) CONTAINS OVER 154,000 PHOTOGRAPHS. SINCE THE OPENING OF ICP IN 1974, IMPORTANT HISTORICAL AND CONTEMPORARY IMAGES HAVE BEEN ACQUIRED THROUGH A DEDICATED ACQUISITIONS COMMITTEE AND GENEROUS DONATIONS AND BEQUESTS FROM PHOTOGRAPHERS AND COLLECTORS. THE COLLECTION SPANS THE HISTORY OF THE PHOTOGRAPHIC MEDIUM, FROM DAGUERREOTYPES TO GELATIN SILVER AND DIGITAL CHROMOGENIC PRINTS. THE COLLECTION IS OPEN BY APPOINTMENT MONDAY THROUGH FRIDAY FROM 11:00 AM TO 5:00 PM. THE COLLECTION IS ACTIVELY USED BY INDEPENDENT SCHOLARS, OUTSIDE ACADEMIC INSTITUTIONS, AND ICP'S OWN EDUCATIONAL PROGRAM THROUGH CLASS VISITS, RESEARCH AND INTERNSHIP PROJECTS. THE MUSEUM PRESENTS SELECTIONS FROM THE COLLECTION WITHIN ITS LOCAL EXHIBITIONS PROGRAM AND WITHIN TRAVELING EXHIBITIONS PRESENTED INTERNATIONALLY. FURTHER, ICP LENDS PHOTOGRAPHIC WORKS TO OTHER MUSEUMS FOR PRSEENTATION TO THE PUBLIC. PART V, LINE 4: ICP'S ENDOWMENT IS INVESTED TO PRESERVE THE INFLATION-ADJUSTED VALUE OF ITS PRINCIPAL AND TO PROVIDE TOTAL RETURN TO SUPPORT THE ORGANIZATION'S PROGRAMS. THE AMOUNT OF ENDOWMENT USED EACH YEAR (ALSO KNOWN AS THE SPENDING RATE) IS CALCULATED AS 4% OF THE ENDOWMENT'S AVERAGE BALANCE OVER THE PRECEDING TWENTY QUARTERS. THE ENDOWMENT USE IS BOTH FOR ACTIVITIES THAT HAVE BEEN RESTRICTED BY THE ENDOWMENT DONOR SUCH AS EDUCATION PROGRAMS, STAFF POSITIONS, COLLECTION ACQUISITIONS, EXHIBITIONS, AND RESEARCH, AS WELL AS FOR GENERAL SUPPORT OF THE INSTITUTION'S PROGRAMS IF THE ENDOWMENT GIFT IS UNRESTRICTED BY THE DONOR. PART X, LINE 2: THE CENTER BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 651,896. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 651,896. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES COLLECTIONS 92022 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVELING EXHIBITIONS 69721 SOUTH AMERICA 0 0 PROGRAM SERVICES TRAVELING EXHIBITIONS 10000 NORTH AMERICA 0 0 PROGRAM SERVICES TRAVELING EXHIBITIONS 30600 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 6488290 0 0 0 0 0 0 6690633 0 6690633 0 0 0 0 0 0 INFINITY AWARDS 1207823 829469 378354 158836 219518 ICP SPOTLIGHTS 227726 84153 143573 44668 98905 1435549 913622 521927 203504 318423 521927 0 1 DIRECTOR SCHOLARSHIP (FINANCIAL NEED) 16 107808 CASH OTHER FULL-TIME FINANCIAL NEED 12 113500 CASH FULL-TIME PROGRAM WORK STUDY 7 4207 CASH TEEN STUDENT TUITION SCHOLARSHIP 301 251200 FMV TUITION REDUCTION TEACHER ASSISTANT WORK STUDY 395 70108 FMV TUITION REDUCTION HILLMAN FOUNDATION FELLOWSHIPS 3 30000 CASH PART I, LINE 2: ICP PROVIDES FINANCIAL ASSISTANCE TO STUDENTS IN THE FORM OF WORK-STUDY AND SCHOLARSHIPS. WORK-STUDY IS AVAILABLE TO FULL-TIME STUDENTS, WHO WITH PROGRAM CHAIR APPROVAL, MAY WORK UP TO 40 HOURS PER TERM IN A VARIETY OF ICP DEPARTMENTS IN EXCHANGE FOR A TUITION REDUCTION OF UP TO $400 PER TERM. NO MORE THAN $1,200 IS AVIALABLE PER STUDENT PER YEAR IN TUITION REDUCTION. EACH STUDENT IS MONITORED TO ENSURE THAT THEY ADHERE TO THE TIME REQUIREMENTS. 7 STUDENTS RECEIVED WORK-STUDY TUITION REDUCTION DURING THE THREE TERMS OF 2016. SCHOLARSHIPS ARE PROVIDED TO FULL-TIME ONE-YEAR CERTIFICATE STUDENTS WHO HAVE SUCCESSFULLY COMPLETED THEIR FIRST TERM AT ICP. SCHOLARSHIPS ARE PROVIDED TO BOTH FIRST YEAR AND SECOND YEAR STUDENTS OF THE MASTER OF FINE ARTS PROGRAM. THE AMOUNT OF SCHOLARSHIP FUNDS AVAILABLE VARIES EACH YEAR. IN 2016, 28 STUDENTS RECEVIED TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC PERFORMANCE. THE SCHOLARSHIP COMMITTEE REVIEWS EACH APPLICANT'S GRADES, INSTRUCTOR EVALUATIONS, AND PORTFOLIOS BEFORE DETERMINING THE AWARDS. NON-CASH ASSISTANCE IS PROVIDED TO STUDENTS IN TEEN PROGRAMS, STUDENTS WHO ASSIST FACULTY, AND EMPLOYEES. 603 STUDENTS WERE ENROLLED AND 301 OF THEM WERE ABLE TO ATTEND COURSES AT ICP THROUGH SCHOLARSHIPS. THE SCHOLARSHIPS AWARDED COVERED 50-80% OF THE CLASS FEE, DEPENDING ON NEED. SCHOLARSHIPS ARE BASED ON THE FINANCIAL NEEDS OF THE FAMILY, AS WELL AS COMMITMENT OF THE STUDENT TO PARTICIPATE IN THE PROGRAM, AS INDICATED BY A WRITTEN ESSAY IN THEIR APPLICATION. STAFF COMMUNICATE WITH THE FACULTY AND FAMILY ON AN ONGOING BASIS TO ASSESS EACH STUDENTS' SUCCESS THROUGHOUT EACH 10-WEEK COURSE. TEACHING ASSISTANTS WORK IN EXCHANGE FOR A TUITION REDUCTION OR LAB TIME IN THE DARKROOM OR DIGITAL MEDIA LAB. IN ORDER TO RECEIVE A 50% REDUCTION IN TUITION, STUDENTS ASSIST FACULTY OR OTHER EDUCATION STAFF FOR 40 HOURS PER TERM. EACH STUDENT IS MONITORED TO ENSURE THAT THEY ADHERE TO THE TIME REQUIREMENTS. 395 STUDENTS WORKED AS TEACHER ASSISTANTS DURING 2016. X X X 0 0 0 0 0 0 0 0 0 MARK LUBELL EXECUTIVE DIRECTOR 403355 0 0 0 0 0 20000 0 27749 0 451104 0 0 0 LAURIE MCLEOD CHIEF OPERATING & FINANCIAL OFFICER 180185 0 0 0 0 0 9350 0 9552 0 199087 0 0 0 PHILLIP BLOCK DEP. DIR. FOR PROGRAMMING 174847 0 0 0 0 0 9000 0 25925 0 209772 0 0 0 PER ERIK GYLFE DIRECTOR FOR EDUCATION 136630 0 0 0 0 0 6250 0 8803 0 151683 0 0 0 A BUILD NYC RESOURCE CORPORATION 454040561 2015-04-01 15000000 MUSEUM CONSTRUCTION 0 0 0 A 15000000 15000000 2015 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 TJ GOTTESDIENER BOARD MEMBER 180000 T.J. GOTTESDIENER IS A MANAGING PARTNER OF SKIDMORE, OWINGS & MERRILL, WHO PROVIDED ARCHITECTURAL SERVICES AND DESIGNED ICP'S NEW MUSEUM. 0 X 430 X 7 378132 FAIR VALUE 6 0 1 0 PART I, LINE 33: AS PERMITTED BY ASC 958, GIFTS OF ART FOR THE CENTER'S ARCHIVES AND COLLECTIONS ARE EXCLUDED FROM REVENUE. FORM 990, PART VI, SECTION B, LINE 11 STAFF WORK CLOSELY WITH OUTSIDE AUDITORS TO PREPARE A DRAFT FORM 990, WHICH IS THEN REVIEWED BY THE AUDIT COMMITTEE. SUBSEQUENT TO ANY RECOMMENDATIONS BY THE AUDIT COMMITTEE, THE FINAL FORM 990 IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES IN ADVANCE OF THE PLANNED FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C ICP REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN ICP'S CODE OF ETHICS. EACH TRUSTEE IS PROVIDED WITH A COPY, EITHER UPON ELECTION TO THE BOARD, OR AS NEEDED, SUCH AS WHEN THE POLICY IS REVISED. EACH YEAR, TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE, WHICH DETERMINES IF THE MATTER NEEDS TO BE REPORTED TO THE EXECUTIVE COMMITTEE AND, IF NECESSARY, TO THE FULL BOARD. THE AUDIT COMMITTEE IS ALSO REQUIRED TO REVIEW ACTUAL OR POTENTIAL CONFLICTS OF INTEREST OF PROSPECTIVE TRUSTEES AND REPORT ON THE MATTER TO THE FULL BOARD BEFORE THE NOMINATION IS ACTED UPON. ALL STAFF RECEIVE A COPY OF THE CODE OF ETHICS AND ARE EXPECTED TO FAMILIARIZE THEMSELVES WITH THE POLICY AND ABIDE BY ITS MANDATES. POTENTIAL CONFLICTS THAT KEY STAFF MAY ENCOUNTER ARE MANAGED BY THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTORS'S COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE, WHOSE MEMBERS ARE THE BOARD'S PRESIDENT, CHAIR, AND TREASURER, WHICH RECOMMENDS AN AMOUNT TO BE APPROVED BY THE ENTIRE BOARD BEFORE IMPLEMENTATION. THE COMMITTEE REVIEWS DATA FROM ANNUAL SALARY SURVEYS SUCH AS THOSE CONDUCTED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS AND THE MUSEUM ASSOCIATION OF NEW YORK, AS WELL AS COMPENSATION DATA FROM SPECIFIC MUSEUMS IN NEW YORK CITY. THE COMMITTEE ALSO REVIEWS THE EXECUTIVE DIRECTOR'S INTERNAL PERFORMANCE APPRAISALS, HIS COMPENSATION HISTORY, AND ANY OTHER RELEVANT INFORMATION. THE BOARD'S APPROVAL IS RECORDED IN THE MINUTES AND A MEMO AUTHORIZING THE INCREASE IS PLACED IN THE DIRECTOR'S PERSONNEL FILE. THE COMPENSATION FOR THE OFFICERS ARE ALSO BENCHMARKED TO SALARY SURVEYS AND OTHER NEW YORK CITY MUSEUMS AND ARE REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE. MEMOS AUTHROIZING ANY COMPENSATION INCREASE ARE PLACED IN THEIR PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 ICP'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.