2017-07-15T05:55:24-07:00 2016-08-31 Carpenter Evert & Associates 7760 France Ave S 940 Bloomington MN 55435 990 2015-09-01 510189494 CLIMB THEATRE INC CLIM 6514539275 6415 CARMEN AVENUE EAST INVER GROVE HEIGHTS MN 55076 Jim Gambone Chairperson 2017-07-15 true Neal O Evert P00046853 9528310085 2015 2021-01-29 14:40:06Z Jim Gambone 6415 Carmen Ave E Inver Grove Heights MN 55076 13190076 false false X climb.org X 1976 MN CLIMBS MISSION IS TO CREATE AND PERFORM PLAYS, CLASSES AND OTHER WORKS THAT INSPIRE AND PROPEL PEOPLE, ESPECIALLY YOUNG PEOPLE, TOWARD ACTIONS THAT BENEFIT THEMSELVES, EACH OTHER AND THE COMMUNITY. 8 7 146 62 320211 -1888574 411935 221073 470238 431660 0 460612 396747 1342785 1049480 0 0 718380 750269 0 23738 388979 393377 1107359 1143646 235426 -94166 1464709 1328897 620444 576668 844265 752229 X CLIMBS MISSION IS TO CREATE AND PERFORM PLAYS, CLASSES AND OTHER WORKS THAT INSPIRE AND PROPEL PEOPLE, ESPECIALLY YOUNG PEOPLE, TOWARD ACTIONS THAT BENEFIT THEMSELVES, EACH OTHER AND THE COMMUNITY. true false 900044 GOALSCLIMBS OVERARCHING GOAL IS TO REACH AN EVER-GROWING NUMBER OF CHILDREN AND YOUTH, ESPECIALLY THOSE WHO ARE UNDERSERVED, WITH PROGRAMMING THAT IS BOTH EDUCATIONALLY AND ARTISTICALLY EXCELLENT. EDUCATIONAL EXCELLENCE: CLIMBS PLAYWRIGHTS SET EDUCATIONAL OBJECTIVES FOR EACH OF OUR PLAYS. THESE OBJECTIVES WORK TOGETHER TO HELP US REACH A SINGLE GOAL LIKE:-INSPIRING BYSTANDERS WHO WITNESS BULLYING TO TAKE ACTION TO STOP IT-MOVING 8TH GRADE THROUGH COLLEGE STUDENTS TO AN INTELLECTUAL AND EMOTIONAL UNDERSTANDING OF INSTITUTIONAL RACISM-HAVING TEENAGERS BE MORE ACCEPTING OF PEOPLE WHO ARE DIFFERENT FROM THEMSELVES-INSPIRING CHILDREN TO BE RESPONSIBLE ENVIRONMENTAL STEWARDS BY PRACTICING WASTE REDUCTION, REUSE AND RECYCLING AND OTHER CONSERVATION METHODS-TEACHING FINANCIAL LITERACY TO 1ST-4TH GRADERS.ARTISTIC EXCELLENCE: CLIMB IS THE 2009 WINNER OF THE AMERICAN ALLIANCE FOR THEATER IN EDUCATION PRESTIGIOUS SARA SPENCER ARTISTIC ACHIEVEMENT AWARD. AATE IS A NATIONAL ASSOCIATION EXISTING TO PROMOTE STANDARDS OF EXCELLENCE IN THEATRE AND THEATRE EDUCATION. ONLY ONE OTHER MINNESOTA THEATRE HAS EVER RECEIVED THE SARA SPENCER AWARD. SERVICE STATISTICSTHE 2015-2016 SCHOOL YEAR WAS CLIMBS 41ST YEAR OF OPERATIONS. WE REACHED 141,649 PEOPLE, 115,644 OF WHOM ARE MINNESOTANS. CLIMB PERFORMED IN 21% OF MINNESOTAS 860 RURAL, SUBURBAN AND URBAN TOWNS/CITIES. 137,987 OF THE PERSONS WE REACHED ARE PRESCHOOL THROUGH 12TH GRADE AND COLLEGE STUDENTS. 3,662 ARE TEACHERS AND ADULTS.STRENGTHSCLIMB'S GREATEST STRENGTH IS OUR ABILITY TO WRITE, PRODUCE AND PERFORM THEATRE THAT IS KEENLY RELEVANT TO THE LIVES OF THE CHILDREN, TEENNAGERS AND ADULTS WE SERVE. OUR GREATEST ACHIEVEMENT IS THE IMPACT THAT OUR PLAYS AND CLASSES HAVE ON OUR AUDIENCES.PROGRAMSPERFORMING COMPANY PLAYS: MEMBERS OF CLIMBS PERFORMING COMPANY, (10 MEMBERS WORKING IN TEAMS OF THREE TO FIVE ACTORS), PRESENT PLAYS TO 350-500 STUDENTS AT A TIME. OUR 35-45 MINUTE PLAYS ARE AGE-APPROPRIATE, HIGHLY ENTERTAINING AND EQUALLY EDUCATIONAL. THE FOLLOWING LIST DETAILS OUR 2015-2016 SCHOOL YEAR ROSTER OF PLAYS AND THE STUDENT GRADE LEVEL TO WHICH IT IS PRESENTED:- ONE KIND THING BULLYING PREVENTION (6-8)- TWISTED RIDE - METHAMPHETAMINE AND HEROIN USE PREVENTION (7-12)- EMMA AND THE ALLIANZ CASH COW - MONEY MANAGEMENT (1-4)- JAYS AWAY BULLYING PREVENTION (K-2)- ACTORS UNION CLUB BULLYING PREVENTION (3-6)- THE YELLOW TROLLS TREASURE SELF-CONTROL (K-2)- OBIR TUCKER TAKES CONTROL SELF-CONTROL (3-6)- SPACE BABY ENVIRONMENTAL CONSERVATION (K-2)- PROJECT EARTH ENVIRONMENTAL CONSERVATION (3-6)TEACHING COMPANY CLASSES AND INTERPLAYS:WORKING IN TEAMS OF TWO, 10 MEMBERS OF CLIMBS TEACHING COMPANY CONDUCT CLASSES IN INDIVIDUAL CLASSROOMS. CLASSES DELIVER CLEAR EDUCATIONAL LESSONS AND ELICIT INVOLVEMENT THROUGH THEATRE GAMES AND ROLE-PLAY. TOPICS INCLUDE ONES ADDRESSED IN OUR PLAYS AND AFRICAN AMERICAN HISTORY, ACADEMIC ACHIEVEMENT, CLIQUES AND EXCLUSION, CYBERBULLYING, EMPATHY, HEALTH AND WELLNESS, HARASSMENT PREVENTION, RESPECT, RESPONSIBILITY, AND SELF-CONTROL.INTERPLAYS: 4 MEMBERS OF CLIMBS TEACHING COMPANY ALSO PERFORM A WILDLY WELL-RECEIVED PRODUCT CALLED INTERPLAYS. INTERPLAYS ARE A CROSS BETWEEN A PLAY AND A CLASS AND HAVE A PRICE POINT BETWEEN THE TWO. For 2015-16, THESE OFFERINGS INCLUDE:- INTERPLAYS- ACCEPTANCE OF DIFFERENCES (K-2), (3-6)- INTERPLAYS - BULLYING PREVENTION (K-2), (3-6)- INTERPLAYS - EMPATHY (K-2), (3-6) -INTERPLAY EVERYDAY LEADERSHIP (6-12)ADDITIONAL OFFERINGSCLIMB PROVIDES STUDENTS, TEACHERS AND PARENTS WITH ACTIVITIES MANUALS, TAKE HOME LETTERS, COMMUNITY EVENTS AND SUPPORT PRODUCTS. NEW PROGRAMS CREATED IN 2015-2016 FOR THE 16-17 SCHOOL YEAR PEGGY'S PROMISETOPIC: ENVIRONMENTAL CONSERVATIONGRADE LEVEL: K-2"JUST A QUICK NOTE TO LET YOU KNOW THAT THE TEAM WHO CAME TO OUR SCHOOL YESTERDAY WAS REALLY GREAT. WE HAVE ENJOYED ALL OF THE CLIMB THEATER PROGRAMS THROUGH THE YEARS AND THEY HAVE ALL BEEN VERY GOOD. THEY ARE JUST RIGHT FOR THE AUDIENCE THEY ARE PERFORMING FOR. MY SECOND GRADERS CAME BACK AND EVEN LATER IN THE DAY THEY WERE USING THE WORDS "ORGANICS" AND RECYCLING. THEY COULD EVEN EXPLAIN IT! I LOVE THE TECHNOLOGY THAT YOU ADDED! KEEP UP THE GOOD WORK!"-MARILYN ANDREWS, 2ND GRADE TEACHER, ST JOHN THE BAPTIST, SAVAGE, MN SYNOPSISPEGGY LOVES TO WORK IN HER DADS GARDEN. ONE DAY, SHE GETS A SURPRISE VISIT FROM A GIANT WORM NAMED RED. RED INFORMS PEGGY THAT HE WAS SENT FROM THE WORM COALITION TO STAGE AN INTERVENTION BECAUSE PEGGYS DAD KEEPS TAKING ALL THEIR TRASH TO THE LANDFILL INSTEAD OF RECYCLING IT! PEGGY PROMISES TO HELP SAVE THE WORMS FUTURE BY TEACHING HER DAD ALL ABOUT THE 3 RS (REDUCING, REUSING, AND RECYCLING) AND COMPOSTING. EDUCATIONAL OBJECTIVES1. TO DEMONSTRATE THE IMPORTANCE OF COMPOSTING. 2. TO DEMONSTRATE HOW TO RECYCLE ORGANICS. 3. TO REINFORCE THE WASTE MANAGEMENT CONCEPT OF THE 3 RS. 4. TO SHOW HOW CHOICES ABOUT RESOURCE AND WASTE MANAGEMENT CAN AFFECT THE HEATH OF A COMMUNITY. 5. TO TEACH THAT RESPECT AND CARE FOR THE ENVIRONMENT.OWLS WELLTOPIC: BULLYING PREVETIONGRADE LEVEL: K-2"THANK YOU FOR THE WONDERFUL PERFORMANCE AT HOPEWELL TODAY. WE LEARNED WHAT TO DO WHEN A BULLY COMES INTO OUR LIVES. WE NEED TO PUT OUR HEAD UP, CHIN UP, SHOULDERS UP AND DOWN. YOU CAN TURN YOUR BACK. WE ALSO LEARNED THAT IF YOU ARE BEING BULLIED, YOU NEED TO TELL A GROWN-UP. WE KNOW THAT TATTLING IS WHEN WE WANT TO GET SOMEONE IN TROUBLE. WE NOW KNOW THAT REPORTING IS WHEN SOMEONE IS HURTING YOU OR BULLYING YOU. WE KNOW THAT WE CAN USE THIS MESSAGE PRESENTED ABOUT BULLYING IN OUR EVERYDAY LIVES." -ERIK PEDERSEN, 2ND GRADE TEACHER, HOPEWELL ELEMENTARY, BETTENDORF, IA SYNOPSISJAYDEN IS BULLYING ISABELLA AND HER FRIEND NOAH IS NOT AT ALL HELPFUL. WHAT SHOULD THE LITTLE MICE DO? THANK GOODNESS FOR THE ADVICE FROM AN UNLIKELY ALLY: A WISE OLD OWL FROM THE WOODS BEHIND HER HOUSE! EVENTUALLY, WITH COACHING FROM THE OWL, AND HELP FROM ISABELLAS DAD, BOTH NOAH AND ISABELLA LEARN HOW TO HANDLE THEMSELVES WHEN THEY OR SOMEONE ELSE IS BEING BULLIED. EDUCATIONAL OBJECTIVES1. TO DEFINE BULLYING. 2. TO DEMONSTRATE THAT GETTING ANGRY AND BEING MEAN ISNT THE WAY TO STOP BULLYING. 3. TO PRACTICE AN ASSERTIVE STANCE. 4. TO CLARIFY THAT YOU SHOULD REPORT BULLYING WHEN A REPEATED ASSERTIVE RESPONSE FAILS OR WHEN SOMEONE IS IN DANGER. 5. TO SHOW HOW TO STAND UP FOR CHILDREN WHO ARE BEING BULLIED. 6. TO DIFFERENTIATE BETWEEN TATTLING AND REPORTING.HENRY TAKES THE CAKETOPIC: BULLYING PREVETIONGRADE LEVEL: 3-6"JUST WANTED TO SEND A QUICK NOTE, PRAISING THE PERFORMANCE ABOUT BULLYING. THE ACTORS WERE FANTASTIC; THEY HAD A VERY CAPTIVE AUDIENCE. THE MESSAGE WAS CURRENT IN TODAY'S WORLD, WHICH REALLY WILL BE HELPFUL WHEN DEALING WITH BULLYING SITUATIONS. I LIKED THE SEW ACRONYM TO HELP KIDS DEAL WITH BULLYING. THANKS AGAIN FOR A GREAT ASSEMBLY-LOOKING FORWARD TO SEE YOU IN THE FUTURE."-CATHY CHILDERS, 4TH GRADE TEACHER, CORE KNOWLEDGE CHARTER SCHOOL, VERONA, WISYNOPSISHENRY, LOVES TO BAKE. EGBERT LOVES TO BULLY. WITH HELP FROM TWO CHUMS FROM HIS OLD SCHOOL, HENRY AND HIS NEW FRIEND KAYLYNN LEARN HOW TO S.E.W AND A.C.T. THESE SIMPLE STEPS TEACH CHILDREN HOW TO STAND UP FOR THEMSELVES AND OTHERS. EDUCATIONAL OBJECTIVES1. TO TEACH THERE IS STRENGTH IN NUMBERS.2. TO MODEL BULLYING PREVENTION STEPS.3. TO HELP STUDENTS UNDERSTAND THE DIFFERENT ELEMENTS OF SEW AND ACT STEPS.4. TO INSPIRE STUDENTS TO BE KIND.5. TO EMPOWER STUDENTS TO BELIEVE THEY POSSESS THE ABILITY TO WORK OUT SOME INTERPERSONAL PROBLEMS ON THEIR OWN.TAKING A STANDTOPIC: BULLYING PREVETIONGRADE LEVEL: 6-9THANK YOU FOR SENDING YOUR TROOP TO LINWOOD MONROE YESTERDAY. WE REALLY ENJOYED THE SHOW ABOUT BULLYING PREVENTION. I THINK THE STUDENTS STAYED ENGAGED BECAUSE THE EXAMPLES USED WERE CURRENT TOPICS; THE ENGINEERED CLOCK, THE BASKETBALL PLAYER (LYNX, TOO, ARE VERY POPULAR AT OUR SCHOOL), AND RUNNING FOR OFFICE. ALL THINGS OUR STUDENTS CAN EASILY RELATE TO AND HAVE HEARD ABOUT PEOPLE GETTING IN TROUBLE FOR RECENTLY. THIS WAS ALSO WELL PLANNED BEING RIGHT BEFORE OUR OCTOBER BULLYING PREVENTION CAMPAIGN AT SCHOOL. IT WAS EASY TO GO BACK TO HOMEROOM AND HAVE A CONVERSATION ABOUT THOSE LITTLE THINGS THAT WE CAN ALL DO EVERY DAY TO MAKE OUR SCHOOL A SAFE PLACE. THANKS FOR COMING OUT!" -HEIDI IGO, 7TH GRADE SCIENCE, LINWOOD MONROE ARTS PLUS, SAINT PAUL, MN SYNOPSISMARYA DREAMS OF BEING THE BEST BASKETBALL PLAYER OF ALL TIME, SEBASTIAN DREAMS OF BEING THE NEXT PRESIDENT AND SHARIF DREAMS OF WINNING THE NOBEL PRIZE IN ENGINEERING. WHEN SEPARATE ACTS OF BULLYING LEAD TO ALL THREE OF THEM THROWING THOSE DREAMS AWAY, THEY COME TOGETHER AS THEY LEARN HOW TO NOT ONLY ADVOCATE FOR THEMSELVES, BUT TO STAND UP FOR OTHERS WHEN BULLYING IS ENCOUNTERED. EDUCATIONAL OBJECTIVES1. TO PROVIDE EXAMPLES OF BULLYING BASED ON STEREOTYPING.2. TO IDENTIFY EMPATHY TOOLS.3. TO INSPIRE CRITICAL THINKING AND ADVOCACY.4. TO EXAMINE COMMON FEARS REGARDING PEOPLE WHO ARE DIFFERENT.5. TO INCREASE SELF-AWARENESS REGARDING DIFFERENCE.6. TO EXPLORE FACTORS THAT CREATE PREJUDICE.7. TO LEARN STRATEGIES 900044 true true false false false false false false false false true false false false false true true false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false true 12 0 true 146 true true true false false false false false false 0 true true false false false false false false false false X 8 7 false false false false true true false true true false false true true true true true true true true false MN X X ANDREA GUILFORD 6514539275 6415 CARMEN AVENUE EAST INVER GROVE HEIGHTS MN 55076 X Jim Gambone President 2.00 0.00 X X 0 0 0 Joseph Atkins Director 2.00 0.00 X 0 0 0 Bonnie Matson Director 2.00 0.00 X 0 0 0 James Olney Director 2.00 0.00 X 0 0 0 Bill Partlan Director 2.00 0.00 X 0 0 0 Milan Mockovak Director 2.00 16.00 X 0 8520 0 Christine Walsh Director 2.00 0.00 X 0 0 0 Margaret Wetli Executive Dir. 60.00 0.00 X X 143584 0 17255 143584 8520 17255 1 false true false 0 148655 72418 221073 PROGRAM FEES 711110 431660 431660 431660 0 0 0 69454 69454 69454 69454 0 0 12460807 12140596 320211 320211 320211 0 Miscellaneous Revenue 900099 112 112 TCUTA Revenue 900099 6970 6970 7082 1049480 508084 320211 320323 0 0 0 0 160838 119936 35838 5064 0 516398 385072 115065 16261 0 24962 18614 5562 786 48071 36041 10403 1627 0 0 0 0 0 0 47479 45533 1946 10739 9450 1289 7534 6630 904 11430 10058 1372 0 43032 38225 4807 74754 70611 4143 0 0 16243 14294 1949 0 93315 77900 15415 28749 25299 3450 PRODUCTION EXPENSES 18174 18174 DUES & SUBSCRIPTIONS 14721 12954 1767 MISCELLANEOUS 14381 14381 Printing and Publications 9463 8327 1136 3363 2926 437 1143646 900044 219864 23738 215511 209168 30347 32437 212400 106144 3771 14429 0 0 0 1200 1420 23071 36404 2396476 1489986 944354 906490 0 0 0 34055 22405 0 1464709 1328897 87244 126944 23573 3900 509627 445824 620444 576668 X 573703 581283 270562 170946 844265 752229 1464709 1328897 -94166 2130 X X true X true X true false X 740421 921264 833424 894110 659703 4048922 0 0 0 0 740421 921264 833424 894110 659703 4048922 0 0 4048922 0 0 0 98 112 210 740421 921264 833424 894208 659815 4049132 0.99990 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 165014 165014 1430305 784366 645939 561953 499216 62737 239204 206404 32800 906490 X 1097831 2130 46221 48351 1049480 1049480 1189867 46221 46221 1143646 1143646 Part X : FIN48 Footnote THE ORGANIZATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS LOSS OF NONPROFIT STATUS.THE ORGANIZATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. false 159495 132842 false 12117505 10067880 1816573 false 183807 123301 false 12460807 10324023 1816573 12140596 320211 true false false false 1.00000 false false true X X X X X false false false false false false false false false false Margaret Wetli Executive Dir. 143584 17255 160839 A City of South St Paul HR 416005520 2008-06-03 723493 Refinance mortgage on a housin false false false A 723493 14469 709024 false false true true A false true false false false false A false false false true false false false A false Form 990, Part III, Line 2: New Services CLIMB STARTED A NEW PODCAST PROGRAM IN 15-16 FOR AGES 4-9 CALLED FARAWAY WOODS WHICH IS AVAILABLE ON THE WEB AT: HTTP://FARAWAYWOODS.ORG/. FARAWAY WOODS GREATLY EXPANDS CLIMBS CAPACITY TO REACH CHILDREN, FROM THE HUNDREDS OF THOUSANDS THAT WE SERVE PRIMARILY IN THE UPPER MIDWEST EVERY YEAR WITH PLAYS AND INTERACTIVE CLASSES, TO MILLIONS OF POTENTIAL CHILDREN/ LISTENERS THAT WE CAN REACH ALL OVER THE U.S. VIA THE INTERNET. THE FARAWAY WOODS PODCASTS ARE PRODUCED THROUGH GRANTS AND SPONSORSHIPS, AND ARE BEING OFFERED TO THE PUBLIC AT NO CHARGE. ABOUT FARAWAY WOODSFARAWAY WOODS IS AN INTERACTIVE PODCAST FOR EARLY CHILDHOOD (AGES 4-9) THAT TEACHES PRO-SOCIAL SKILLS. ITS PRODUCED BY CLIMB THEATRE, A NATIONAL LEADER IN EDUCATIONAL THEATRE FOR YOUNG AUDIENCES, AND FUNDED IN 15-16 THROUGH AN ARTS LEARNING GRANT FROM THE MINNESOTA STATE ARTS BOARD.THE FORMATTHE FARAWAY WOODS PROGRAM HAS TWO COMPONENTS: A SERIES OF INTERACTIVE AUDIO DRAMAS, AND FOLLOW-UP ARTS ACTIVITIES THAT TEACHERS AND PARENTS CAN DO WITH THEIR CHILDREN AFTER THEYVE LISTENED TO THE PODCAST. EPISODES ARE AVAILABLE ON OUR WEBSITE AND VIA ITUNES AND STITCHER. FOR THE BEST LISTENING EXPERIENCE, START WITH EPISODE 1 AND WORK YOUR WAY THROUGH THE STORIES IN ORDER!THE WORLDFARAWAY WOODS COMES FROM THE IMAGINATION OF PLAYWRIGHT AND CLIMB THEATRE ARTISTIC DIRECTOR, PEG WETLI. CHILDREN WILL LOVE TRAVELING TO THE WORLD OF FARAWAY WOODS WHERE THEYLL MEET A CAST OF DELIGHTFUL CHARACTERS WHO TEACH LISTENERS SKILLS LIKE EMPATHY, TEAMWORK, AND INVITING KIDS TO PLAY. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder CLIMB'S 26 MEMBERS EACH HAVE VOTING RIGHTS AS STATED IN CLIMB'S ARTICLES OF INCORPORATION. MEMBERS ALSO OVERSEE CLIMB'S CHARITABLE GAMING OPERATION AS REQUIRED BY THE STATE OF MN. Form 990, Part VI, Line 11b: Form 990 Review Process Drafts of Audit and 990 are sent to the board for review and discussed at a board meeting before the board votes on any changes or approval. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Members discussed areas where conflicts could occur and are required to disclose conflicts if and as they occur. The Exec. Director monitors board members and Board members monitor the Executive Director in these areas. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE BOARDS COMPENSATION COMMITTEE MEETS TO REVIEW THE JOB PERFORMANCE OF THE CEO AND COMPARABLE COMPENSATION INFORMATION FOR OTHER CEOS OF NOT FOR PROFITS. THE CHAIRMAN OF THE COMPENSTION COMMITTEE THEN MAKES A REPORT TO THE FULL BOARD OF DIRECTORS AND PROPOSES RECOMMEDATIONS OF THE COMMITTEE FOR VOTE. THE MINUTES OF THE FULL BOARD MEETING REFLECT THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE AND ACTIONS OF THE BOARD OF DIRECTORS. THIS WAS LAST DONE IN 2013 FOR M. WETLI, CEO. CLIMB THEATRE HAS NO OTHER PAID OFFICERS OR BOARD MEMBERS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Available on request, and CLIMB's 990 is available on Guidestar. Form 990, Part XII, Line 2: Change of Oversight or Selection Process Board of Directors