2016-05-16T16:12:12-05:00 2015-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2014-07-01 132899381 NATIONAL CENTER FOR LEARNING DISABILITIES INC NATI 2125457510 32 LAIGHT STREET 2ND FLOOR NEW YORK NY 100132152 JOHN LANGELER EXECUTIVE DIRECTOR 2125457510 2016-05-16 1 GARRETT M HIGGINS P00543209 2122862600 2016-05-16 2014 2016-08-17 19:52:53Z JAMES H WENDORF 32 LAIGHT STREET 2ND FLOOR NEW YORK NY 100132152 7689824 0 X WWW.NCLD.ORG X 1977 DE THE MISSION OF NCLD IS TO IMPROVE THE LIVES OF THE ONE IN FIVE CHILDREN AND ADULTS NATIONWIDE WITH LEARNING AND ATTENTION ISSUES-BY EMPOWERING PARENTS AND YOUNG ADULTS, TRANSFORMING SCHOOLS AND ADVOCATING FOR EQUAL RIGHTS AND OPPORTUNITIES. WE'RE WORKING TO CREATE A SOCIETY IN WHICH EVERY INDIVIDUAL POSSESSES THE ACADEMIC, SOCIAL AND EMOTIONAL SKILLS NEEDED TO SUCCEED IN SCHOOL, AT WORK AND IN LIFE. 19 19 44 19 0 0 4990751 5886840 5467222 1387618 2655 5679 0 183740 10460628 7463877 34500 33500 0 0 2923701 3965838 0 0 867344 8405639 4417045 11363840 8416383 -903212 -952506 3520191 1925309 1284229 656345 2235962 1268964 X THE MISSION OF NCLD IS TO IMPROVE THE LIVES OF THE ONE IN FIVE CHILDREN AND ADULTS NATIONWIDE WITH LEARNING AND ATTENTION ISSUES-BY EMPOWERING PARENTS AND YOUNG ADULTS, TRANSFORMING SCHOOLS AND ADVOCATING FOR EQUAL RIGHTS AND OPPORTUNITIES. WE'RE WORKING TO CREATE A SOCIETY IN WHICH EVERY INDIVIDUAL POSSESSES THE ACADEMIC, SOCIAL AND EMOTIONAL SKILLS NEEDED TO SUCCEED IN SCHOOL, AT WORK AND IN LIFE. 0 0 4931528 1387618 PARENT EMPOWERMENT: WE CONTINUED OUR FOCUS ON PROVIDING HIGH QUALITY INFORMATION AND RESOURCES TO PARENTS OF CHILDREN WITH LEARNING AND ATTENTIONS ISSUES. WE PARTNERED WITH 14 OTHER NON PROFITS TO LAUNCH UNDERSTOOD.ORG, A RESOURCE FOR PARENTS OF CHILDREN WITH LEARNING AND ATTENTION ISSUES. NCLD WAS CHOSEN TO MANAGE AND OPERATE UNDERSTOOD ON BEHALF OF THE FOUNDING PARTNERS. WE LAUNCHED WITH NEARLY 1800 PIECES OF CONTENT - ARTICLES, VIDEOS, INFOGRAPHICS, FIVE STATE-OF-THE-ART TOOLS, A SAFE COMMUNITY FOR PARENTS TO TALK TO EACH OTHER, DAILY ACCESS TO TOP EXPERTS, AND A MAJOR NATIONAL AD CAMPAIGN. IN THE FIRST EIGHT MONTHS SINCE THE LAUNCH OF UNDERSTOOD WE ENGAGED MORE THAN 4.5 MILLION USERS ON THE SITE. WE LAUNCHED A NATIONAL CAMPAIGN IN PARTNERSHIP WITH THE AD COUNCIL AND OUR OTHER FOUNDING PARTNERS TO RAISE AWARENESS ABOUT LEARNING AND ATTENTION ISSUES AND ATTRACT PARENTS TO UNDERSTOOD. WE BEGAN COORDINATED MONTHLY CAMPAIGNS WITH THE OTHER FOUNDING PARTNERS AND WE SCALED OUR REACH ON FACEBOOK, TWITTER, AND PINTEREST - REACHING PARENTS WHEREVER THEY MAY BE. 963102 PUBLIC POLICY:OVER THE LAST YEAR, WE CONTINUED OUR WORK TO ENSURE THAT FEDERAL POLICIES INCLUDE AND SERVE STUDENTS WITH LEARNING AND ATTENTION ISSUES AND TO ENGAGE PARENTS AS MORE EFFECTIVE SPOKESPEOPLE ON POLICY ISSUES BY COMMUNICATING WITH THEM MORE FREQUENTLY AND WITH MORE TARGETED MESSAGING. IN 2015, NCLD:LEGISLATION AND REGULATIONS:ENGAGED BUSINESS, CIVIL RIGHTS, EDUCATION REFORM, AND DISABILITY COALITION PARTNERS LIKE EDUCATION TRUST, US CHAMBER OF COMMERCE, AND NATIONAL COUNCIL FOR LA RAZA TO ACT AS KEY ADVISORS TO CONGRESS ON THE CORE PRINCIPLES OF THE REAUTHORIZATION OF THE ELEMENTARY AND SECONDARY EDUCATION ACT (ESEA).SECURED LANGUAGE IN THE REAUTHORIZATION BILLS FOR THE WORKFORCE INVESTMENT ACT (S. 1356 AND H.R. 803) THAT WAS PASSED INTO LAW IN JULY OF 2014. THE LAW WILL ENSURE THAT YOUNG ADULTS WHO HAVE BEEN IN SPECIAL EDUCATION HAVE BETTER SERVICES AFTER HIGH SCHOOL AND AS THEY TRANSITION TO THE WORKFORCE. LED A SUCCESSFUL CAMPAIGN TO SECURE $2.5 MILLION OVER 5 YEARS TO CREATE AND FUND A NATIONAL TECHNICAL ASSISTANCE CENTER, AN ONLINE RESOURCE CENTER THAT WILL PROVIDE INFORMATION TO STUDENTS WITH DISABILITIES AND THEIR FAMILIES TO ASSIST WITH THE TRANSITION TO HIGHER EDUCATION AND SERVE AS A CLEARINGHOUSE FOR INFORMATION AT UNIVERSITIES AND COMMUNITY COLLEGES.SUPPORTED A STRONGER EDUCATION SCIENCES AND REFORM ACT (ESRA) TO RESTORE IMPORTANT INVESTMENT IN EDUCATION RESEARCH.HOSTED A BRIEFING IN THE U.S. SENATE ON RAISING THE BAR FOR STUDENTS WITH DISABILITIES: HOW ACCOUNTABILITY AND HIGH EXPECTATIONS RESULT IN POSITIVE OUTCOMES. PANELISTS DISCUSSED THE IMPORTANCE OF HIGH EXPECTATIONS FROM THEIR UNIQUE PERSPECTIVES AND SENT A UNIFIED MESSAGE THAT PARENTS, TEACHERS, AND STUDENTS MUST BE SUPPORTED IN BOTH POLICY AND PRACTICE TO ENSURE STUDENTS WITH DISABILITIES CAN REACH THEIR FULL POTENTIAL.KNOWLEDGE-BUILDING:COLLABORATED WITH THE LEARNING DISABILITIES ASSOCIATION (LDA) TO DEVELOP RECOMMENDATIONS FOR STATES THIRD GRADE READING LAWS AND SHARED RECOMMENDATIONS IN A "BEST PRACTICES" DOCUMENT FOR POLICYMAKERS, AN INFOGRAPHIC FOR PARENTS ON NCLD.ORG, AND A PRESENTATION FOR PRACTITIONERS AT LDA'S ANNUAL CONFERENCE IN CHICAGO.RECEIVED A GRANT FROM THE BILL AND MELINDA GATES FOUNDATION TO STUDY AND MAKE RECOMMENDATIONS ON HOW SYSTEMS OF PERSONALIZED LEARNING BEST SERVE AND INCORPORATE STUDENTS WITH DISABILITIES. GRASSROOTS ADVOCACY:BRIEFED PARENT ADVOCATES AROUND THE NATION TO ENSURE THEY WERE FULLY INFORMED ON ESEA REAUTHORIZATION AND COULD SPEAK DIRECTLY WITH STAFF OF MEMBERS OF CONGRESS ON ISSUES THEY CARE ABOUT. MOBILIZED A RECORD-BREAKING 3,000 PARENTS IN 72 HOURS TO TAKE ACTION THROUGH NCLD'S ACTION CENTER AND VOICE THEIR SUPPORT FOR AN AMENDMENT TO ESEA THAT WOULD ADDRESS THE NEEDS OF STUDENTS WITH DYSLEXIA AND OTHER LEARNING DISABILITIES.HELPED THOUSANDS OF PARENTS TO CONTACT THEIR MEMBERS OF CONGRESS DIRECTLY THROUGH OUR ACTION ALERTS. 564361 33500 YOUNG ADULTS:IN FY2015, WE COMPLETED THE SECOND PHASE OF A GROUND-BREAKING RESEARCH STUDY ON THE SELF-REPORTED PERCEPTIONS AND EXPERIENCES OF YOUNG ADULTS WITH LEARNING AND ATTENTION ISSUES AS THEY TRANSITION FROM HIGH SCHOOL TO POST-SECONDARY SETTINGS. PAST RESEARCH EFFORTS HAVE CAPTURED INFORMATION ABOUT ACADEMIC ACHIEVEMENT, DEMOGRAPHICS AND LIFE OUTCOMES FOR YOUNG ADULTS, BUT NONE HAVE STUDIED FIRST-HAND INFORMATION SHARED BY YOUNG ADULTS NOR ANALYZED WHAT EXPERIENCES AND SOCIAL-EMOTIONAL FACTORS DRIVE THEM TOWARD SUCCESSFUL OUTCOMES AFTER HIGH SCHOOL. WE CONDUCTED 1-ON-1 IN-DEPTH INTERVIEWS WITH 30 YOUNG ADULTS IN COLORADO AND NEW JERSEY AND USED THEIR INSIGHTS TO IDENTIFY KEY AREAS OF STRENGTH AND STRUGGLE FOR FURTHER EXPLORATION. WE THEN CREATED AN IN-DEPTH ONLINE SURVEY AND ENGAGED 1,221 YOUNG ADULTS (AND A GROUP OF PARENTS) IN THE FALL OF 2014. THE RESULTS OF THE STUDY WERE SHARED WITH KEY STAKEHOLDERS IN THE SPECIAL AND GENERAL EDUCATION COMMUNITIES, AND A COMMUNICATIONS AND OUTREACH PLAN WAS CREATED, INCLUDING WEB POSTING, WEBINARS, AND CONFERENCE PRESENTATIONS. 436547 SCHOOL TRANSFORMATION:OUR FOCUS HAS BEEN ON HELPING SCHOOL DISTRICTS TO IMPLEMENT MULTI-TIERED SYSTEM OF SUPPORTS (MTSS) FRAMEWORKS, WHICH HAVE BEEN DEMONSTRATED TO BE THE MOST EFFECTIVE WAY TO ENSURE THAT ALL STUDENTS CAN SUCCEED. BASED ON THE OUTCOMES FROM THE 2013 ROUNDTABLE ON SLD IDENTIFICATION, THE SCHOOL TRANSFORMATION TEAM CREATED A FREE ONLINE SLD IDENTIFICATION TOOLKIT AND LAUNCHED IT ON RTINETWORK.ORG IN 2014. OVER 5,000 PEOPLE HAVE ACCESSED THE CONTENT IN THE TOOLKIT.SCHOOLS THAT WORK: WE BEGAN A TWO-YEAR SCHOOLS THAT WORK PROJECT WITH BARNSTABLE (MA) PUBLIC SCHOOL DISTRICT TO IMPLEMENT MTSS IN A COMPREHENSIVE, SYSTEMATIC MANNER THROUGHOUT THE DISTRICT. THE PROGRAM INCLUDES A FULL YEAR OF TARGETED PROFESSIONAL DEVELOPMENT, STRATEGIC PLANNING AND MENTORING FOCUSED ON FULLY IMPLEMENTING MTSS PRE K-12 IN BOTH ACADEMICS AND BEHAVIOR IN 2014 AND AN ADDITIONAL YEAR, WITH AN INCREASED FOCUS ON SCHOOL-BASED LEADERSHIP AND PROFESSIONAL DEVELOPMENT IN LEADERSHIP IN THE FOLLOWING YEAR. IN ADDITION, A SECOND DISTRICT WAS SELECTED IN 2014 FOR STARTING THE PROJECT IN 2015, THE NEW DISTRICT IS THE MASHPEE PUBLIC SCHOOLS. THEY WERE SELECTED OUT OF A COMPETITIVE FIELD OF OTHER APPLICANTS FROM CAPE COD AND THE ISLANDS. 436547 6895538 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 117 0 44 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY AL AK AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN NC ND NJ NH NM OH OK OR PA RI SC TN VA WA WI WV X X JOHN LANGELER TREASURER 2125457510 32 LAIGHT STREET 2ND FLOOR NEW YORK NY 100132152 FREDERIC M POSES CHAIRMAN 1.00 X X 0 0 0 MARY J KALIKOW VICE CHAIRMAN 1.00 X X 0 0 0 KENNETH A PLEVAN SECRETARY 1.00 X X 0 0 0 WILLIAM HANEY SECRETARY THROUGH 6/15 1.00 X X 0 0 0 JOHN LANGELER TREASURER 1.00 X X 0 0 0 MARK A MICHAEL BOARD MEMBER 1.00 X 0 0 0 KRISTINE BAXTER BOARD MEMBER 1.00 X 0 0 0 JODY BELLOWS BOARD MEMBER 1.00 X 0 0 0 MARGI BOOTH BOARD MEMBER 1.00 X 0 0 0 MARY Q PEDERSEN BOARD MEMBER 1.00 X 0 0 0 DONALD D DESHLER PHD BOARD MEMBER 1.00 X 0 0 0 DRAKE DUANE MD BOARD MEMBER 1.00 X 0 0 0 JOHN G GANTZ JR BOARD MEMBER 1.00 X 0 0 0 MARK J GRIFFIN PHD BOARD MEMBER 1.00 X 0 0 0 JARROD KAHN BOARD MEMBER 1.00 X 0 0 0 THE HONORABLE THOMAS KEAN BOARD MEMBER 1.00 X 0 0 0 MICHAEL C LASKY BOARD MEMBER 1.00 X 0 0 0 ALAN D PESKY BOARD MEMBER 1.00 X 0 0 0 CASSIA SCHIFTER BOARD MEMBER 1.00 X 0 0 0 SALLY QUINN BOARD MEMBER 1.00 X 0 0 0 ANDREA DAVIS PINKNEY BOARD MEMBER THROUGH 4/15 1.00 X 0 0 0 STAN WATTLES BOARD MEMBER THROUGH 4/15 1.00 X 0 0 0 JAMES WENDORF EXECUTIVE DIRECTOR 40.00 X 229258 0 36435 ALAN BENDICH DIRECTOR FINANCE & OPERATI 40.00 X 125354 0 35791 KEVIN HAGER CHIEF COMMUNICATIONS & ENG 40.00 X 167660 0 20433 LINDSAY JONES DIRECTOR PUBLIC POLICY & ADVOCACY 40.00 X 127870 0 45967 STEVAN KUKIC DIRECTOR SCHOOL TRANSFORMA 40.00 X 126793 0 25626 KEVIN FORSYTH DIRECTOR DIGITAL STRATEGY 40.00 X 123629 0 14500 SHELDON HOROWITZ DIRECTOR LD RESOURCES 40.00 X 118239 0 42882 RASHONDA AMBROSE DIRECTOR STRATEGIC PARTNERSHIPS 40.00 X 108473 0 4232 1127276 0 225866 8 0 1 0 DIGITAL PULP INC 220 EAST 23RD STREET SUITE 900 NEW YORK NY 10010 WEBSITE DEVELOPMENT 3412352 PROPPER DALEY LLC 6380 WILSHIRE BLVD 15TH FLOOR LOS ANGELES CA 90048 CONSULTING SERVICES 317082 RTI RESEARCH 1351 WASHINGTON BLVD SUITE 900 STAMFORD CT 069022448 CONSULTING SERVICES 220256 TENTHWAVE DIGITAL LLC 35 PINELAWN ROAD SUITE 207W MELVILLE NY 11747 WEBSITE DEVELOPMENT 138300 ALLEY DESIGN SOLUTIONS INC 6116 SW MCKINLEY AVE DES MOINES IA 50321 CONSULTING SERVICES 108104 5 2252848 3633992 5886840 EDUCATION SERVICE FEES 611430 1387618 1387618 1387618 534 534 183740 0 183740 183740 183740 76065 70920 5145 5145 5145 155027 2252848 155027 0 7463877 1387618 0 189419 33500 33500 665313 567643 27591 70079 2642581 2246340 111935 284306 83059 70866 3444 8749 310134 264606 12861 32667 264751 225941 10915 27895 58000 29 28750 29221 57713 57713 503881 250 249769 253862 2508 1244 1264 235415 166814 8356 60245 1513427 1502772 2905 7750 221617 162086 14974 44557 173585 140754 24395 8436 78283 73079 4875 329 241097 232858 2127 6112 17828 15281 658 1889 PROGRAM & EVALUATION 1002100 1001895 205 DUES & SUBSCRIPTIONS 130122 92156 8619 29347 RECRUITMENT FEES 127368 808 126560 EQUIPMENT LEASING & MAI 27567 27401 43 123 26534 12746 13480 308 8416383 6895538 653501 867344 437186 357419 1203648 113869 1365614 526629 141817 162374 1695871 1009997 284196 685874 70920 0 16810 79144 3520191 1925309 915491 593024 281966 946 86772 62375 1284229 656345 X 890788 493592 1345174 775372 2235962 1268964 3520191 1925309 X -952506 -14492 X X 0 1 X 1 0 X 4528082 4572095 5442093 4976259 5886840 25405369 4528082 4572095 5442093 4976259 5886840 25405369 12839146 12566223 22238 3532 3367 2655 184274 216066 25621435 7009415 0.49050 0.52690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57713 57713 7491326 7549039 527452 131863 0 0 371595 411903 704353 527452 2015303 3022955 136292 155467 168037 57713 517509 92899 102976 176088 131863 503826 755739 833356 325868 507488 705570 617871 87699 156945 66258 90687 685874 DEFERRED RENT 62375 62375 X 7860740 396863 396863 7463877 0 7463877 8827738 396863 14492 411355 8416383 0 8416383 PART X, LINE 2: NCLD RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT NCLD HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. NCLD IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2012. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSSES ON UNCOLLECTIBLE PLEDGES 14,492. ANNUAL BENEFIT 2407875 2252848 155027 15469 86800 52758 2407875 2252848 155027 15469 86800 52758 155027 0 1 SCHOLARSHIPS 25 33500 PART I, LINE 2: THE FORD SCHOLARSHIPS APPLICATIONS ARE POSTED ON THE NCLD WEBSITE IN THE FALL OF EACH YEAR, AND OUTREACH TO A WIDE AUDIENCE OF EDUCATOR AND PARENT AUDIENCES IS CONDUCTED; ALL APPLICATIONS MUST BE POSTMARKED ON OR BEFORE DEC. 31. EVERY APPLICATION IS REVIEWED BY AN NCLD TEAM MEMBER, AND SECOND AND THIRD ROUND REVIEWS BY STAFF, INTERNS AND INVITED GUESTS (SPECIAL EDUCATION AND RELATED SERVICE PROFESSIONALS) TAKES PLACE. A POOL OF 50 "BEST" APPLICATIONS IS PREPARED FOR A SENIOR STAFF PERSON WHO NARROWS THE NUMBER OF CANDIDATES TO TWENTY, TEN FOR EACH OF THE SCHOLARSHIP AWARD CATEGORIES. PACKETS WITH APPLICATION MATERIALS ARE SENT TO MEMBERS OF THE SCHOLARSHIP COMMITTEE INCLUDING ANNE FORD AND OTHER VOLUNTEER MEMBERS OF THIS COMMITTEE. ONCE THE COMMITTEE MAKES ITS DECISION, THE SENIOR STAFF PERSON FOLLOWS UP WITH EACH WINNER, THEIR PARENTS, AND SELECT INDIVIDUALS WHO SUBMITTED LETTERS OF RECOMMENDATION (E.G., TEACHERS, COACHES, EMPLOYERS). HE THEN PROVIDES FEEDBACK TO THE COMMITTEE ABOUT THEIR SELECTION, ANSWERING ANY QUESTION THEY RAISED, CONFIRMING THEIR SELECTION OR SUGGESTING A REORDERING OF AWARDEES BASED ON NEW INFORMATION. THE ORGANIZATION MONITORS THE AWARD TO ASSURE IT IS USED FOR ITS INTENDED PURPOSE, AND THE PAYMENT OF SCHOLARSHIP FUNDS IS MADE IN ONE OF THE FOLLOWING WAYS: 1. DIRECTLY TO WINNER, BY CHECK, AFTER RECEIPT OF COPY OF INVOICE FROM POST-SECONDARY PROGRAM; OR 2. DIRECTLY TO SCHOOL/PROGRAM, UPON RECEIPT OF COPY OF INVOICE FROM POST-SECONDARY PROGRAM IN THE ORGANIZATION'S RECORDS ALL EXPENSES ARE CODED TO ACCURATELY TO REFLECT: 1. RESTRICTED OR UNRESTRICTED NATURE OF PAYMENT 2. PURPOSE OF PAYMENT, PAYEE INFORMATION (INCLUDING SOCIAL SECURITY #), APPROVAL BY APPROPRIATE NCLD STAFF X X X 0 0 0 0 0 0 0 0 0 JAMES WENDORF EXECUTIVE DIRECTOR 229258 0 0 0 0 0 15000 0 21435 0 265693 0 0 0 ALAN BENDICH DIRECTOR FINANCE & OPERATI 125354 0 0 0 0 0 6677 0 29114 0 161145 0 0 0 KEVIN HAGER CHIEF COMMUNICATIONS & ENG 167660 0 0 0 0 0 8335 0 12098 0 188093 0 0 0 LINDSAY JONES DIRECTOR PUBLIC POLICY & ADVOCACY 127870 0 0 0 0 0 6715 0 39252 0 173837 0 0 0 STEVAN KUKIC DIRECTOR SCHOOL TRANSFORMA 126793 0 0 0 0 0 6209 0 19417 0 152419 0 0 0 SHELDON HOROWITZ DIRECTOR LD RESOURCES 118239 0 0 0 0 0 6420 0 36462 0 161121 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR AND THE FINANCE DIRECTOR REVIEW THE DOCUMENT FOR ANY ADJUSTMENTS AND IS COMPARED TO THE AUDITED FINANCIAL STATEMENTS. THE EXECUTIVE DIRECTOR REVIEWS ALL THE TEXT. AFTER THE EXECUTIVE REVIEW IS COMPLETE, THE FORM 990 IS FORWARDED TO THE BOARD BY E-MAIL. PAPER COPIES OF THE FORM 990 ARE ALSO PROVIDED TO THOSE BOARD MEMBERS WHO PREFER THEM. THE ORGANIZATION'S OFFICERS ADDRESS ANY QUESTIONS THAT THE BOARD MAY HAVE. WHEN ALL QUESTIONS AND ISSUES ARE RESOLVED, THE EXECUTIVE DIRECTOR APPROVES AND THE 990 IS ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C ANY POSSIBLE CONFLICT OF INTEREST SHOULD BE PROMPTLY DISCLOSED TO THE BOARD OF DIRECTORS BY THE PERSON CONCERNED. THIS POLICY INCLUDES ANY DIRECTOR, OFFICER, STAFF MEMBER AND MEMBERS OF THE IMMEDIATE FAMILY THEREOF, OR ANY PARTY, GROUP OR ORGANIZATION THAT IS ASSOCIATED WITH THE ORGANIZATION. ANY CONTRACT PROPOSED FOR THIS ORGANIZATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF. ANY INTERESTED PERSON BRINGING A POTENTIAL CONFLICT OF INTEREST TO THE ATTENTION OF THE BOARD OF DIRECTORS (OR ITS COMMITTEE) MAY PROVIDE THE BOARD OR COMMITTEE WITH ANY AND ALL RELEVANT INFORMATION, BUT SHALL RETIRE FROM THE ROOM IN WHICH THE BOARD (OR COMMITTEE) IS MEETING AND SHALL NOT PARTICIPATE IN THE FINAL DELIBERATION OR DECISION REGARDING THE MATTER UNDER CONSIDERATION. THE INTERESTED PERSON SHALL NOT VOTE ON THE MATTER. THE MINUTES OF THE BOARD (OR COMMITTEE) SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED AND THAT THE INTERESTED PERSON WAS NOT PRESENT DURING THE FINAL DECISION OR VOTE AND DID NOT VOTE. WHEN THERE IS A DOUBT THAT A CONFLICT OF INTEREST EXISTS, THE MATTER SHALL BE RESOLVED BY A VOTE OF THE BOARD OF DIRECTORS (OR COMMITTEE), EXCLUDING THE PERSON CONCERNING WHOSE SITUATION THE DOUBT HAS ARISEN. A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS FURNISHED ANNUALLY BY EACH DIRECTOR, OFFICER, AND STAFF MEMBER WHO IS PRESENTLY SERVING THE ORGANIZATION, OR WHO MAY HEREAFTER BECOME ASSOCIATED WITH IT. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF THE DIRECTORS, OFFICERS, AND STAFF MEMBERS. ANY NEW DIRECTORS, OFFICERS OR STAFF MEMBERS ARE ADVISED OF THE POLICY AND SHALL FURNISH A DISCLOSURE STATEMENT PRIOR TO UNDERTAKING THE DUTIES OF SUCH OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE ORGANIZATION INCLUDES ALL OF THE FOLLOWING ELEMENTS: 1. REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS: EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. ALL INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT ARE EXCLUDED FROM THE ROOM FOR DISCUSSIONS AND DECISIONS REGARDING EXECUTIVE COMPENSATION. 2. USE OF COMPARABLE COMPENSATION DATA: COMPENSATION DATA FROM SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS ARE THE DATA SOURCES UTILIZED TO ESTABLISH EXECUTIVE COMPENSATION. 3. CONTEMPORANEOUS DOCUMENTATION: THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT IN THE BOOKS AND RECORDS OF THE ORGANIZATION. THE PROCESS FOR ESTABLISHING EXECUTIVE COMPENSATION WAS LAST PERFORMED ON JUNE 30, 2015. COMPENSATION ARRANGEMENTS FOR OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR, AND MAY INCLUDE COST OF LIVING INCREASES AND MERIT INCREASES, SALARY SURVEYS ARE USED TO ASSIST THE ORGANIZATION IN SETTING COMPENSATION ARRANGEMENTS. THE EXECUTIVE DIRECTOR PRESENTS THE PROPOSED COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THIS PROCESS WAS LAST PERFORMED ON JUNE 30, 2015. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION, FORMS 990 AND 1023, AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST OF THE ORGANIZATION AT 32 LAIGHT STREET (2ND FLOOR), NEW YORK, NY 10013-2152; OR BY CALLING THE ORGANIZATION AT 212-545-7510. FORM 990, PART XI, LINE 9: LOSSES ON UNCOLLECTIBLE PLEDGES -14,492. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PROCESS EMPLOYED IN THE PRIOR YEAR.