2016-10-28T13:15:30-05:00 2015-12-31 861065772 DELOITTE TAX LLP TWO JERICHO PLAZA JERICHO NY 11753 990 2015-01-01 132805582 THE PALEY CENTER FOR MEDIA PALE 2126216600 25 WEST 52 STREET NEW YORK NY 10019 DAVID SCHOER VP FINANCE 2126216600 2016-10-19 1 CHRISTINE KAWECKI P00743140 5169187000 2016-10-14 2015 2017-02-10 21:41:12Z DAVID SCHOER 25 WEST 52 STREET NEW YORK NY 10019 17882685 0 X WWW.PALEYCENTER.ORG X 1975 NY SEE SCHEDULE O 58 57 150 15 222501 -8524 11033598 13961358 1422239 1442625 972083 904926 846069 752751 14273989 17061660 0 0 0 0 8862354 9287656 0 0 2889097 10238179 10555282 19100533 19842938 -4826544 -2781278 126748545 117780745 5480556 5088003 121267989 112692742 X SEE SCHEDULE O 0 0 8259650 760492 SEE SCHEDULE O 2190854 2171 SEE SCHEDULE O 1789178 127840 SEE SCHEDULE O 1451393 503299 IN 2015, THE PALEY CENTER'S GROUP EDUCATION PROGRAM, WHICH SERVES STUDENTS, SCHOOL EDUCATORS AND ADMINISTRATORS, FAMILIES, AND CAMP AND COMMUNITY GROUPS FROM THE NEW YORK METROPOLITAN AREA AND BEYOND - ENCOMPASSING A CLASS PROGRAM, DISTANCE LEARNING PROGRAM, AND PROFESSIONAL DEVELOPMENT WORKSHOPS FOR TEACHERS AND ADMINISTRATORS, AS WELL AS SPECIAL EDUCATION INITIATIVES AND MULTI-PART PROGRAMS - SERVED OVER 11,000 STUDENTS, TEACHERS, AND FAMILIES. THE DISTANCE LEARNING PROGRAM REACHED CLASSROOMS IN 15 STATES, AS WELL AS ENGLAND AND CANADA. DIGITAL AND DVD SALES OF SEMINARS AND PROGRAMS ALSO SERVED TO EDUCATE THE GENERAL PUBLIC. 1451393 503299 13691075 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 89 0 1 150 1 1 1 0 0 0 0 1 1 0 0 0 0 X 58 57 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA NY X RYAN GUHDE 2126216669 25 WEST 52ND STREET NEW YORK NY 10019 FRANK A BENNACK JR CHAIRMAN 1.00 X 0 0 0 GUSTAVE M HAUSER VICE CHAIRMAN 1.00 X 0 0 0 MEL KARMAZIN VICE CHAIRMAN 1.00 X 0 0 0 KAY KOPLOVITZ VICE CHAIRMAN THRU OCTOBER 2015 1.00 X 0 0 0 DANIEL L MOSLEY TRUSTEE/SECRETARY 1.00 X 0 0 0 JUDY HART ANGELO TRUSTEE 1.00 X 0 0 0 LOREEN ARBUS TRUSTEE 1.00 X 0 0 0 TIM ARMSTRONG TRUSTEE 1.00 X 0 0 0 MITCH BARNES TRUSTEE 1.00 X 0 0 0 GARY B BETTMAN TRUSTEE 1.00 X 0 0 0 ANDY BIRD TRUSTEE 1.00 X 0 0 0 YANICK BOLLORE' TRUSTEE 1.00 X 0 0 0 ARYEH B BOURKOFF TRUSTEE 1.00 X 0 0 0 BRANDON BURGESS TRUSTEE 1.00 X 0 0 0 DAVID CALHOUN TRUSTEE THRU JULY 24, 2015 1.00 X 0 0 0 LUIS B CASTRO TRUSTEE 1.00 X 0 0 0 JUAN LUIS CEBRIAN TRUSTEE 1.00 X 0 0 0 CARLA CHRISTOFFERSON TRUSTEE THRU MARCH 24, 2015 1.00 X 0 0 0 CESAR CONDE TRUSTEE 1.00 X 0 0 0 PHILIPPE DAUMAN TRUSTEE 1.00 X 0 0 0 ALFONSO DE ANGOITIA TRUSTEE 1.00 X 0 0 0 ADRIANA CISNEROS DE GRIFFIN TRUSTEE 1.00 X 0 0 0 NANCY DUBUC TRUSTEE 1.00 X 0 0 0 TAMI ERWIN TRUSTEE 1.00 X 0 0 0 DAVID EUN TRUSTEE 1.00 X 0 0 0 RANDY FALCO TRUSTEE 1.00 X 0 0 0 SUSAN M GIANINNO TRUSTEE 1.00 X 0 0 0 JAMES L GREENWALD TRUSTEE 1.00 X 0 0 0 ROBERT A IGER TRUSTEE 1.00 X 0 0 0 JOHN H JOSEPHSON TRUSTEE 1.00 X 0 0 0 HENRY A KISSINGER TRUSTEE 1.00 X 0 0 0 SCOTT KURNIT TRUSTEE 1.00 X 0 0 0 DEBRA LEE TRUSTEE 1.00 X 0 0 0 PETER LIGUORI TRUSTEE 1.00 X 0 0 0 KEN LOWE TRUSTEE 1.00 X 0 0 0 ROBERT MANFRED JR TRUSTEE 1.00 X 0 0 0 JOE MARCHESE TRUSTEE 1.00 X 0 0 0 JOHN K MARTIN JR TRUSTEE 1.00 X 0 0 0 GRACIA MARTORE TRUSTEE 1.00 X 0 0 0 YUSUF MEHDI TRUSTEE THRU NOVEMBER 20, 2015 1.00 X 0 0 0 JONATHAN MILLER TRUSTEE 1.00 X 0 0 0 LESLIE MOONVES TRUSTEE 1.00 X 0 0 0 JAMES MURDOCH TRUSTEE 1.00 X 0 0 0 KATHERINE OLIVER TRUSTEE 1.00 X 0 0 0 WILLIAM C PALEY TRUSTEE 1.00 X 0 0 0 JAY PENSKE TRUSTEE 1.00 X 0 0 0 SUMNER REDSTONE TRUSTEE 1.00 X 0 0 0 DAN ROSE TRUSTEE 1.00 X 0 0 0 JORDAN ROTH TRUSTEE 1.00 X 0 0 0 MICHAEL ROTH TRUSTEE 1.00 X 0 0 0 GEOFFREY K SANDS TRUSTEE 1.00 X 0 0 0 JOSH SAPAN TRUSTEE 1.00 X 0 0 0 STANLEY S SHUMAN TRUSTEE 1.00 X 0 0 0 ROBERT B SCHUMER TRUSTEE 1.00 X 0 0 0 ROBERT FX SILLERMAN TRUSTEE 1.00 X 0 0 0 EDWARD SKYLER TRUSTEE 1.00 X 0 0 0 CRISTIANA FALCONE SORRELL TRUSTEE 1.00 X 0 0 0 DAVID J STERN TRUSTEE 1.00 X 0 0 0 KEVIN TSUJIHARA TRUSTEE THRU MARCH 23, 2015 1.00 X 0 0 0 DEVIN WENIG TRUSTEE 1.00 X 0 0 0 DICK WOLF TRUSTEE 1.00 X 0 0 0 DAVID ZASLAV TRUSTEE 1.00 X 0 0 0 MAUREEN J REIDY PRESIDENT & CEO 35.00 X X 662054 0 18453 DIANE LEWIS EXECUTIVE VICE PRESIDENT 35.00 X 300636 0 52963 DAVID SCHOER VP, FINANCE / TREASURER 35.00 X 162969 0 15045 SIMON LAZOWSKY CONTROLLER 35.00 X 146372 0 28219 INA CLARK VP, DEVELOPMENT 35.00 X 253322 0 2769 DAVID WEINBERG VP, LEGAL & BUSINESS AFFAIRS 35.00 X 188757 0 16277 MEGAN MARCUS SENIOR PRODUCER 35.00 X 153309 0 14972 DOUG WARNER DIRECTOR, ENGINEERING 35.00 X 147346 0 11690 DOUG GIBBONS DIRECTOR, LIBRARY 35.00 X 128660 0 41405 2143425 0 201793 15 0 1 0 PBM LLC 360 LEXINGTON AVE 2ND FL NEW YORK NY 10017 BUILDING MAINTENANCE/ENGINEERING 878050 BRAD LACHMAN PRODUCTIONS INC C/O BARAL AND ASSOCIATES 15821 VEN ENCINO CA 91436 VIDEO PRODUCTION AND EDITING 868938 SATO CONSTRUCTION CO INC 10-40 BORDEN AVENUE LONG ISLAND CITY NY 11101 BUILDING FACADE REPAIR/CLEANING 341908 NOUVEAU ELEVATOR INDUSTRIES INC 47-55 37TH STREET LONG ISLAND CITY NY 11101 ELEVATOR REPAIRS/MAINTENANCE 194604 UNIVERSAL PROTECTION SERVICE LLC 26375 NETWORK PLACE CHICAGO IL 60673 SECURITY 181170 8 2082743 30160 11848455 160649 13961358 THEATER/GALLERY TICKET 711300 760492 760492 DIGITAL & DVD PROGRAMS 711300 498833 450010 48823 INDUSTRY PROGRAMS 711300 127840 127840 EDUCATIONAL PROGRAMS 711300 53289 53289 COLLECTION 711300 2171 2171 1442625 546692 546692 1285898 98864 1187034 1187034 173678 1013356 489609 131375 358234 358234 358234 156503 2082743 590786 -434283 -434283 17061660 1393802 222501 1483999 2389680 940471 907195 542014 5065749 3949178 514772 601799 166960 121714 21834 23412 855496 654998 85810 114688 809771 527817 157881 124073 35432 35432 95000 95000 71480 71480 146932 146932 348112 194971 107309 45832 554512 362172 107701 84639 4370521 2954343 792993 623185 46716 30450 9108 7158 6737 6737 1736612 1248944 273071 214597 259568 169189 50608 39771 TELEVISION SPECIAL 1015511 1015511 PALEY FESTIVAL 660601 660601 PROGRAMMING EVENTS 611962 611962 DOUBTFUL ACCOUNT EXP 449889 449889 145697 101822 25835 18040 19842938 13691075 3262766 2889097 3400 3400 12440655 8253622 11693037 12837569 466401 500524 74274403 43526916 30983271 30747487 71016729 65322078 145052 116065 126748545 117780745 2822597 3546605 1604845 434027 1053114 1107371 5480556 5088003 X 45629322 46552545 16791951 13368210 58846716 52771987 121267989 112692742 126748545 117780745 -2781278 -5793969 0 X 0 1 X 1 0 X 10639327 10562798 13554177 11033598 13961358 59751258 10639327 10562798 13554177 11033598 13961358 59751258 4988618 54762640 934388 1359842 999768 1670837 1560048 6524883 0 0 0 0 0 154667 142570 113820 148676 156503 716236 66992377 6021375 0.81740 0.84180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING INCOME - 2011 AMOUNT: $ 154,667. 2012 AMOUNT: $ 142,570. 2013 AMOUNT: $ 113,820. 2014 AMOUNT: $ 148,676. 2015 AMOUNT: $ 156,503. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 75638667 2118301 -3844991 7771780 66140197 74333339 2610789 3594962 4900423 75638667 62325271 2601734 14261768 4855434 74333339 61418166 1649321 7512037 8254253 62325271 61552017 2660144 3356407 6150402 61418166 0.79000 0.21000 0 0 12132590 12132590 31676421 19369747 12306674 13044427 12833777 210650 17420965 11323392 6097573 30747487 OTHER LONG TERM LIABILITIES 1107371 1107371 X 11540586 -5793969 344375 -5449594 16990180 71480 71480 17061660 20115833 344375 344375 19771458 71480 71480 19842938 PART III, LINE 1A: THE PALEY CENTER'S COLLECTION CONSISTS OF PROGRAMS, COMMERCIALS, BOOKS, SCRIPTS, ARTIFACTS AND OTHER MATERIALS RELATING TO TELEVISION AND RADIO AND OTHER MEDIA. THE TELEVISION AND RADIO PROGRAMS AND COMMERCIALS IN THE PALEY CENTER'S COLLECTION HAVE NOT BEEN ASSIGNED A VALUE IN THE FINANCIAL STATEMENTS BECAUSE THERE IS NO CLEARLY MEASURABLE BASIS FOR AN AMOUNT TO BE RECORDED. THE AMOUNTS SHOWN IN THE FINANCIAL STATEMENTS FOR THE COLLECTION INCLUDE THE PAYMENTS MADE FOR ACQUIRING AND TRANSFERRING TELEVISION AND RADIO PROGRAMS AND COMMERCIALS TO THE PALEY CENTER'S TAPE FORMAT AND RELATED MATERIALS INCLUDING VIDEOTAPE, AUDIOTAPE AND BOOKS OR, IF DONATED, THE ESTIMATED RETAIL VALUE OF THE MATERIAL OR SERVICES AT THE TIME OF DONATION, NET OF ACCUMULATED DEPRECIATION. PART III, LINE 4: ON AN ONGOING BASIS, THE PALEY CENTER ENHANCES THE VALUE OF ITS UNIQUE COLLECTION BY ACQUIRING PROGRAMS CONSISTENT WITH OUR MISSION TO PRESERVE AND PRESENT THE MOST ACCLAIMED AND ARTISTICALLY ACCOMPLISHED TELEVISION, RADIO, AND NEW-MEDIA PROGRAMS AND COMMERCIALS, AS WELL AS THOSE DEEMED BY OUR CURATORIAL DEPARTMENT TO BE CULTURALLY, HISTORICALLY, AND/OR SOCIALLY IMPACTFUL. THROUGH SOURCES THAT INCLUDE NETWORKS, PRODUCTION COMPANIES, LOCAL STATIONS, AND PRIVATE INDIVIDUALS, THE COLLECTION CURRENTLY HOLDS OVER 150,000 PROGRAMS AND ADVERTISEMENTS, WITH WORKS FROM MORE THAN SEVENTY COUNTRIES CAPTURING CLOSE TO A CENTURY OF AMERICAN AND INTERNATIONAL CULTURAL, POLITICAL, AND SOCIAL HISTORY. RECENT EFFORTS TO IMPLEMENT DIGITAL TECHNOLOGY AND DISTRIBUTION ARE ENABLING THE PALEY CENTER TO ENSURE THE CONTINUED PRESERVATION AND ACCESS OF THE COLLECTION, DEVELOP AND INSTALL A DIGITAL ASSET MANAGEMENT SYSTEM - THE MEANS THROUGH WHICH ONSITE VISITORS HAVE ACCESS TO OUR DIGITIZED COLLECTION, AND PROVIDE OFFSITE ACCESS TO THE COLLECTION THROUGH THE PALEY CENTER'S WEBSITE AND PARTNERSHIPS WITH OTHER EDUCATIONAL INSTITUTIONS. IN 2015 THE PALEY CENTER ADDED 2,183 PROGRAMS TO ITS DATABASE, ENCOMPASSING TELEVISION, RADIO, COMMERCIALS, PALEY CENTER ORIGINAL CONTENT, AND NOW NEW MEDIA AS WELL. ALSO IN 2015, THE PALEY CENTER SERVED OVER 20,000 VISITORS USING THE PALEY LIBRARIES AND VIEWING EXHIBITS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE FOR THE FINANCIAL SUPPORT AND THE PROMOTION OF THE ACTIVITIES OF THE PALEY CENTER FOR MEDIA. THIS INCLUDES THE EXPANSION OF THE COLLECTIONS HELD. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS RULED THAT THE PALEY CENTER QUALIFIES AS A SECTION 501(C)(3) ORGANIZATION, EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE IRC. THE IRS HAS ALSO DETERMINED THAT THE PALEY CENTER IS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE (IRC). MANAGEMENT IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURRED THAT MIGHT ADVERSELY AFFECT THE PALEY CENTER'S QUALIFIED STATUS. THE PALEY CENTER IS SUBJECT TO UNRELATED BUSINESS TAXES UNDER SECTION 511 OF THE IRC ON INCOME THAT IS UNRELATED TO ITS PRIMARY EXEMPT PURPOSES. FOR THE YEAR ENDED DECEMBER 31, 2015, THE PALEY CENTER HAS NO MATERIAL TAX LIABILITY FOR UNRELATED BUSINESS INCOME. THE PALEY CENTER HAS A NET OPERATING LOSS CARRY FORWARD OF $272,072 AS OF YEAR-END DECEMBER 31, 2014, RESULTING FROM LOSSES FROM UNRELATED BUSINESS TAXES; HOWEVER, DUE TO A HISTORY OF LOSSES, A FULL VALUATION ALLOWANCE HAS BEEN SET UP AGAINST THIS DEFERRED ASSET. AS OF DECEMBER 31, 2015, TAX YEARS 2012 THROUGH 2015 ARE SUBJECT TO EXAMINATION BY THE FEDERAL TAX AUTHORITIES. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 292729 0 0 0 0 0 0 292729 0 292729 0 0 0 0 0 0 NY GALA 1316841 1210973 105868 127389 249137 LA GALA 922405 871770 50635 84715 129545 2239246 2082743 156503 212104 378682 590786 -434283 X X X X 1 0 0 0 0 0 0 1 0 MAUREEN J REIDY PRESIDENT & CEO 536680 0 125000 0 374 0 10600 0 7853 0 680507 0 0 0 DIANE LEWIS EXECUTIVE VICE PRESIDENT 300084 0 0 0 552 0 21200 0 31763 0 353599 0 0 0 DAVID SCHOER VP, FINANCE / TREASURER 162781 0 0 0 188 0 6654 0 8391 0 178014 0 0 0 SIMON LAZOWSKY CONTROLLER 143324 0 0 0 3048 0 6249 0 21970 0 174591 0 0 0 INA CLARK VP, DEVELOPMENT 180071 0 10000 0 63251 0 1992 0 777 0 256091 0 0 0 DAVID WEINBERG VP, LEGAL & BUSINESS AFFAIRS 188563 0 0 0 194 0 0 0 16277 0 205034 0 0 0 MEGAN MARCUS SENIOR PRODUCER 153093 0 0 0 216 0 6242 0 8730 0 168281 0 0 0 DOUG WARNER DIRECTOR, ENGINEERING 146794 0 0 0 552 0 6304 0 5386 0 159036 0 0 0 DOUG GIBBONS DIRECTOR, LIBRARY 125612 0 0 0 3048 0 16316 0 25089 0 170065 0 0 0 PART I, LINE 4A INA CLARK (EMPLOYEE THROUGH 11/19/2015) RECEIVED $61,667 SEVERANCE PURSUANT TO A SEPARATION AGREEEMENT. THIS PAYMENT IS REPORTED IN PART II COLUMN (B)(III). PART I, LINE 7 CERTAIN EMPLOYEES WERE AWARDED A BONUS PAYMENT AT THE DISCRETION OF THE BOARD, BASED ON VARIOUS PRODUCTIVITY MEASURES. THESE PAYMENTS ARE REPORTED IN PART II COLUMN (B)(II). X 2 140649 COST/SELLING PRICE X AIR VOUCHERS 1 20000 COST/SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REFERS TO THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION THE PALEY CENTER FOR MEDIA IS THE PREMIER INSTITUTION DEDICATED TO ADVANCING THE UNDERSTANDING OF MEDIA-ITS ARTISTIC VALUE, SOCIAL IMPACT AND HISTORICAL IMPORTANCE-FOR THE PUBLIC AND MEDIA PROFESSIONALS. FORM 990, PART III, LINE 1 DESCRIPTION OF ORGANIZATION'S MISSION: THE PALEY CENTER FOR MEDIA IS THE PREMIER INSTITUTION DEDICATED TO ADVANCING THE UNDERSTANDING OF MEDIA - ITS ARTISTIC VALUE, SOCIAL IMPACT, AND HISTORICAL IMPORTANCE FOR THE PUBLIC AND MEDIA PROFESSIONALS. THE PALEY CENTER, WITH LOCATIONS IN NEW YORK AND LOS ANGELES, IS HOME TO THE NATION'S FOREMOST PUBLIC ARCHIVE OF TELEVISION AND RADIO PROGRAMMING, A COLLECTION OF MORE THAN 150,000 PROGRAMS COVERING ALMOST 100 YEARS OF TELEVISION AND RADIO HISTORY, INCLUDING NEWS, PUBLIC AFFAIRS PROGRAMS, DOCUMENTARIES, PERFORMING ARTS PROGRAMS, CHILDREN'S PROGRAMMING, SPORTS, COMEDY AND VARIETY SHOWS, AND COMMERCIAL ADVERTISING. DRAWING UPON THIS COLLECTION AND ITS UNPARALLELED CURATORIAL EXPERTISE, THE PALEY CENTER CONVENES THE PUBLIC, INDUSTRY PROFESSIONALS, THOUGHT LEADERS, AND THE CREATIVE COMMUNITY FOR A BROAD RANGE OF FORUMS - MORE THAN 100 A YEAR - THAT EXPLORE MEDIA'S PAST AND PRESENT AND ANTICIPATE ITS FUTURE. FORM 990, PART III, LINE 4A PUBLIC PROGRAMS: THROUGHOUT THE YEAR, THE PALEY CENTER PRESENTS LIVE EVENTS WITH THE OBJECTIVE TO BRING TOGETHER THE BRIGHTEST THINKERS AND MOST COMPELLING MEDIA PERSONALITIES - DISTINGUISHED PERFORMERS, WRITERS, PRODUCERS, EXECUTIVES, DIRECTORS, CRITICS, AND JOURNALISTS - TO EXPLORE THE GROWING IMPACT OF MEDIA ON OUR LIVES, CULTURE, AND SOCIETY BEFORE, AND WITH, A PUBLIC AUDIENCE. EACH 90 MINUTE SEMINAR TYPICALLY INCLUDES A MODERATED DISCUSSION WITH PANELISTS, SCREENING OF CLIPS FROM THE PALEY CENTER'S COLLECTION, AND A QUESTION-AND-ANSWER SESSION TO GIVE THE GENERAL PUBLIC THE OPPORTUNITY TO PARTICIPATE IN THE DIALOGUE. DURING 2015, THE PALEY CENTER SCHEDULED OVER 60 PUBLIC EVENTS, WITH OVER 22,000 ATTENDEES, INCLUDING EVENTS THAT WERE PART OF ITS ACCLAIMED WILLIAM S. PALEY TELEVISION FESTIVAL. FORM 990, PART III, LINE 4B COLLECTION: ON AN ONGOING BASIS, THE PALEY CENTER ENHANCES THE VALUE OF ITS UNIQUE COLLECTION BY ACQUIRING PROGRAMS CONSISTENT WITH OUR MISSION TO PRESERVE AND PRESENT THE MOST ACCLAIMED AND ARTISTICALLY ACCOMPLISHED TELEVISION, RADIO, AND NEW-MEDIA PROGRAMS AND COMMERCIALS, AS WELL AS THOSE DEEMED BY OUR CURATORIAL DEPARTMENT TO BE CULTURALLY, HISTORICALLY, AND/OR SOCIALLY IMPACTFUL. THROUGH SOURCES THAT INCLUDE NETWORKS, PRODUCTION COMPANIES, LOCAL STATIONS, AND PRIVATE INDIVIDUALS, THE COLLECTION CURRENTLY HOLDS OVER 150,000 PROGRAMS AND ADVERTISEMENTS, WITH WORKS FROM MORE THAN SEVENTY COUNTRIES CAPTURING CLOSE TO A CENTURY OF AMERICAN AND INTERNATIONAL CULTURAL, POLITICAL, AND SOCIAL HISTORY. RECENT EFFORTS TO IMPLEMENT DIGITAL TECHNOLOGY AND DISTRIBUTION ARE ENABLING THE PALEY CENTER TO ENSURE THE CONTINUED PRESERVATION AND ACCESS OF THE COLLECTION, DEVELOP AND INSTALL A DIGITAL ASSET MANAGEMENT SYSTEM - THE MEANS THROUGH WHICH ONSITE VISITORS HAVE ACCESS TO OUR DIGITIZED COLLECTION, AND PROVIDE OFFSITE ACCESS TO THE COLLECTION THROUGH THE PALEY CENTER'S WEBSITE AND PARTNERSHIPS WITH OTHER EDUCATIONAL INSTITUTIONS. IN 2015 THE PALEY CENTER ADDED 2183 PROGRAMS TO ITS DATABASE, ENCOMPASSING TELEVISION, RADIO, COMMERCIALS, PALEY CENTER ORIGINAL CONTENT, AND NOW NEW MEDIA AS WELL. ALSO IN 2015, THE PALEY CENTER SERVED OVER 20,000 VISITORS USING THE PALEY LIBRARIES AND VIEWING EXHIBITS. FORM 990, PART III, LINE 4C INDUSTRY PROGRAMS: THROUGH THE INDUSTRY PROGRAMS OF ITS MEDIA COUNCIL AND INTERNATIONAL COUNCIL, AND ENCOMPASSING PRIVATE EVENTS AND PANEL DISCUSSIONS, THE PALEY CENTER SERVES AS A NEUTRAL SETTING WHERE MEDIA PROFESSIONALS CAN ENGAGE IN DISCUSSION AND DEBATE ABOUT THE EVOLVING MEDIA LANDSCAPE. THE PALEY CENTER'S MEDIA COUNCIL IS AN INVITATION ONLY MEMBERSHIP ORGANIZATION COMPOSED OF SENIOR-LEVEL EXECUTIVES THAT SERVES AS AN INTELLECTUAL CENTER FOR THE MEDIA INDUSTRY AND A FORUM FOR DISCUSSING MAJOR ISSUES FACING THE WORLD'S MEDIA, COMMUNICATIONS, AND TECHNOLOGY INDUSTRIES. SERVING THE GLOBAL MEDIA LANDSCAPE, THE PALEY CENTER'S INTERNATIONAL COUNCIL CONNECTS LEADING MEDIA EXECUTIVES, REPRESENTING EIGHTEEN COUNTRIES, WITH THEIR U.S. PEERS TO FOSTER PARTNERSHIPS AND SHARE INSIGHTS ON THE CHALLENGES AND OPPORTUNITIES IN THE INTERNATIONAL MEDIA MARKETPLACE, USUALLY MEETING TWICE PER YEAR. DURING 2015, THE PALEY CENTER HELD 21 MEDIA COUNCIL EVENTS, SERVING OVER 1300 ATTENDEES. IN ADDITION THE INTERNATIONAL COUNCIL CONVENED IN NEW YORK WITH OVER 500 PARTICIPANTS. FORM 990, PART VI, SECTION B, LINE 11 THE PALEY CENTER FOR MEDIA FORM 990 HAS BEEN REVIEWED IN DETAIL BY THE ORGANIZATION'S CONTROLLER AND VP FINANCE PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE FORM 990 HAS BEEN PROVIDED TO EACH OF THE ORGANIZATION'S BOARD OF TRUSTEES MEMBERS IN ELECTRONIC FORMAT PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE PALEY CENTER FOR MEDIA REQUIRES ALL BOARD OF TRUSTEE MEMBERS, KEY EMPLOYEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE THAT IS DESIGNED TO UNCOVER POTENTIAL CONFLICTS WITH PALEY ITSELF AND BETWEEN BOARD OF TRUSTEE MEMBERS, KEY EMPLOYEES AND OFFICERS. THE QUESTIONNAIRES ARE COMPILED, MONITORED AND REVIEWED INTERNALLY AND ANY POTENTIAL CONFLICTS ARE ADDRESSED AND RESOLVED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15A THE PALEY CENTER FOR MEDIA UNDERTAKES A THOROUGH AND COMPREHENSIVE PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL (CEO) IS REASONABLE. PALEY HAS AN EXECUTIVE AND COMPENSATION COMMITTEE IN PLACE TO DETERMINE THE CEO'S COMPENSATION, THE COMMITTEE IS PREDOMINANTLY COMPRISED OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. THE CEO IS A MEMBER OF THE EXECUTIVE COMMITTEE BUT SHE RECUSES HERSELF FROM ANY DISCUSSION AND/OR DECISIONS MADE REGARDING HER OWN COMPENSATION. THE COMMITTEE MAY UTILIZE IMPARTIAL SURVEYS OR OTHER DATA TO DETERMINE THE REASONABLENESS OF THE CEO'S COMPENSATION ONCE THE DETERMINATION HAS BEEN MADE, THE BOARD'S DECISION IS MEMORIALIZED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE PALEY CENTER FOR MEDIA MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY ON THE SAME BUSINESS DAY. THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION.