2016-05-20T08:44:56-05:00 2015-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2014-07-01 432095418 SCIENCE FESTIVAL FOUNDATION D/B/A WORLD SCIENCE FESTIVAL SCIE 2123481400 475 RIVERSIDE DRIVE SUITE 950 NEW YORK NY 10115 TRACY K DAY CHIEF EXECUTIVE OFFICER 2123481400 2016-05-20 1 JULIUS GREEN CPA JD P00782769 5708200100 2014 2016-08-17 19:52:53Z TRACY K DAY 475 RIVERSIDE DRIVE SUITE 950 NEW YORK NY 10115 6654629 0 X WWW.WORLDSCIENCEFESTIVAL.COM X 2006 DE TO ENHANCE PUBLIC UNDERSTANDING OF SCIENCE THROUGH PROGRAMMING, FOR ALL AGES, ACROSS ALL MEDIA. 6 3 147 261 0 0 5788820 6029449 381787 388084 14060 4625 -194680 -182247 5989987 6239911 0 0 0 0 3406088 3658871 0 0 746967 2636641 2667204 6042729 6326075 -52742 -86164 4207863 4247795 457927 584023 3749936 3663772 X THE WORLD SCIENCE FESTIVAL BRINGS TOGETHER GREAT MINDS IN SCIENCE AND THE ARTS TO PRODUCE LIVE AND DIGITAL CONTENT THAT PRESENTS THE WONDERS OF SCIENCE AND THE DRAMA OF SCIENTIFIC DISCOVERY TO A BROAD GENERAL AUDIENCE. THE FESTIVAL'S FLAGSHIP LIVE EVENT, LAUNCHED IN 2008, IS AN ANNUAL WEEKLONG CELEBRATION AND EXPLORATION OF SCIENCE. THROUGH GRIPPING DEBATES, ORIGINAL THEATRICAL WORKS, INTERACTIVE EXPLORATIONS, MUSICAL PERFORMANCES, INTIMATE SALONS, AND MAJOR OUTDOOR EXPERIENCES, THE FESTIVAL TAKES SCIENCE OUT OF THE LABORATORY AND INTO THE STREETS, PARKS, MUSEUMS, LIBRARIES, AND PERFORMING ARTS VENUES OF NEW YORK CITY. WORLD SCIENCE U IS THE FOUNDATION'S ONLINE EDUCATION ARM WHERE STUDENTS AND LIFELONG LEARNERS CAN DIVE MORE DEEPLY THROUGH ARTFULLY PRODUCED DIGITAL EDUCATION CONTENT PRESENTED BY WORLD-RENOWNED SCIENTISTS. 0 0 4573151 388084 THE FESTIVAL CREATES NOVEL, CREATIVE, AND ARTFULLY PRODUCED PROGRAMS AND INTERDISCIPLINARY EVENTS. FROM COMPELLING PRESENTATIONS OF CUTTING-EDGE SCIENTIFIC RESEARCH AND CAPTIVATING HANDS-ON DEMONSTRATIONS FOR KIDS, TO WORKS IN THEATRE, FILM AND THE ARTS INSPIRED BY SCIENCE, THE FESTIVAL DRAMATICALLY RAISES THE PROFILE OF SCIENCE. FESTIVAL PROGRAMS ARE TAPED, EDITED AND MADE AVAILABLE YEAR-ROUND ON THE FOUNDATION'S WEBSITE, TOGETHER WITH COMPLEMENTARY CONTENT, DRAMATICALLY EXPANDING THE REACH AND IMPACT OF THE FESTIVAL AND BUILDING A GROWING ARCHIVE OF EDUCATIONAL SCIENCE PROGRAMMING. WORLD SCIENCE U PROVIDES A UNIQUE EDUCATIONAL EXPERIENCE FOR STUDENTS, WITH WORLD-RENOWNED PROFESSORS LEADING THE WAY, ACCOMPANIED BY STATE-OF-THE-ART PRODUCTION. THE DIVERSE COURSE OFFERINGS LET STUDENTS SPEND MINUTES, HOURS, DAYS, OR MONTHS ON A SUBJECT. 4573151 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 79 0 1 147 1 0 0 0 0 0 1 1 0 0 0 0 X 6 3 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X PATRICIA DEBIAGGI-MONES CHIEF FINANCIAL OFFICER 6462008812 475 RIVERSIDE DRIVE SUITE 950 NEW YORK NY 10115 X BRIAN GREENE CHAIRMAN 15.00 X X 0 0 0 ALAN ALDA DIRECTOR 1.00 X 0 0 0 ANN ZIFF DIRECTOR 1.00 X 0 0 0 JUDITH COX PRESIDENT & TREASURER 40.00 X X 70234 0 23924 TRACY DAY SECRETARY/CEO 40.00 X X 270000 0 0 GILLIAN SMALL DIRECTOR 1.00 X 0 0 0 FRANCES REILLY CHIEF OPERATING OFFICER 40.00 X 163598 0 9142 PATRICIA DEBIAGGI-MONES CHIEF FINANCIAL OFFICER 40.00 X 11321 0 0 MICHAEL KEITH BLANCHARD GENERAL MANAGER OF DIGITAL 40.00 X 237482 0 19689 SHELLY LEWIS DIRECTOR OF PROGRAMMING 40.00 X 136000 0 4966 GUILLERMO SALAZAR MEDIA PRODUCER 40.00 X 124350 0 0 ADAM BIRNBAUM CHIEF TECHNOLOGY OFFICER 40.00 X 115007 0 4155 MICHAEL SQUADRON SENIOR PRODUCER 40.00 X 109216 0 6441 ABIGAIL FEDER-KANE DIRECTOR OF DEVELOPMENT 40.00 X 102531 0 13248 1339739 0 81565 8 0 1 0 PJD PRODUCTIONS LLC 439 GREENMOUNT AVE CLIFFSIDE PARK NJ 07010 EVENT PRODUCTION SERVICES 166075 1 X 709172 177640 5142637 304979 6029449 TICKET SALES 900099 276054 276054 PROGRAM INCOME 900099 112030 112030 388084 4625 4625 139980 139980 0 92400 709172 274738 -182338 -182338 MISCELLANEOUS INCOME 900099 91 91 91 6239911 388084 0 -177622 X 809776 809776 2408376 1588267 522598 297511 170798 127272 27736 15790 269921 201135 43833 24953 73539 73539 31444 31444 685687 487960 125766 71961 321128 297763 23365 207153 101525 46907 58721 42626 33850 5582 3194 183461 141265 23850 18346 340046 228039 18799 93208 95465 73508 12410 9547 22702 22702 FESTIVAL PRODUCTION COS 613953 482791 791 130371 BAD DEBTS 50000 50000 6326075 4573151 1005957 746967 1873 3388 2602485 2383116 642646 802174 380403 324577 818671 308342 554732 510329 0 196117 25724 28094 4207863 4247795 457927 584023 0 457927 584023 X 3749936 3663772 3749936 3663772 4207863 4247795 -86164 0 X X 0 1 X 0 0 X 4527683 5242178 5452238 5788820 5864449 26875368 165000 165000 4527683 5242178 5452238 5788820 6029449 27040368 20539435 6500933 10788 10908 7381 5705 4625 39407 1735 1736 14877 2527 91 20966 27100741 1477235 0.23990 0.23110 X PART II, SECTION C, LINE 17 A THE FOUNDATION QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST, BASED ON THE FACTS SET FORTH BELOW. FIRST, THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE IS, IN FACT, SUBSTANTIAL, AS IT IS WELL IN EXCESS OF THE REQUIRED 10%. FOR THE PAST FIVE YEARS OF OPERATION (ON A ROLLING 5 YEAR BASIS), THE FOUNDATION'S PUBLIC SUPPORT WAS 23.99%. SEE SCHEDULE A, PART II, C. THE FOLLOWING FACTORS ALSO WEIGH IN FAVOR OF PUBLIC CHARITY STATUS UNDER THIS ANALYSIS. FUNDRAISING PROGRAM HAS RESULTED IN BROAD PUBLIC SOURCES OF SUPPORT: THE FOUNDATION HAS MAINTAINED A CONTINUOUS AND BONA FIDE FUNDRAISING PROGRAM TO ATTRACT FUNDS FROM THE PUBLIC SINCE ITS FOUNDING. IN ITS FIRST YEAR OF OPERATIONS, THE FOUNDATION'S FOUNDERS AND OFFICERS SOLICITED FUNDS FROM A FEW DONORS WHO WERE LIKELY TO PROVIDE SEED FUNDING FOR THE ORGANIZATION. HOWEVER, SINCE 2007, THE FOUNDATION HAS EMPLOYED A FULL-TIME DEVELOPMENT STAFF, WITH AN AVERAGE OF THREE EMPLOYEES PER YEAR DEDICATED TO SOLICITING SUPPORT FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS AND GOVERNMENT GRANTS. THE FOUNDATION ALSO SOLICITS IN-KIND MEDIA SUPPORT FROM MEDIA COMPANIES WHO CAN PLACE ADVERTISEMENTS FOR THE FESTIVAL IN THEIR PUBLICATIONS AND ON THEIR RADIO AND TELEVISION SHOWS, AND FROM A VARIETY OF SERVICE PROVIDERS. THROUGH ALL OF THESE EFFORTS, THE FOUNDATION HAS RECEIVED FINANCIAL, MEDIA AND IN-KIND SUPPORT FROM A DIVERSE GROUP OF INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND GOVERNMENT ENTITIES. SINCE 2008, THE FOUNDATION HAS SUBMITTED MULTIPLE GRANT APPLICATIONS TO OVER 33 FOUNDATIONS AND GOVERNMENT SOURCES, INCLUDING THE NATIONAL SCIENCE FOUNDATION (NSF) AND THE NYC CULTURAL INNOVATION FUND. WHILE NOT ALL OF THESE GRANT APPLICATIONS WERE ACCEPTED, THE FOUNDATION HAS RECEIVED SIGNIFICANT AND REGULAR SUPPORT FROM FOUNDATIONS SUCH AS THE SIMONS FOUNDATION, THE JOHN TEMPLETON FOUNDATION, THE ALFRED P. SLOAN FOUNDATION, THE BILL AND ANN ZIFF FOUNDATION, THE KAVLI FOUNDATION, AND THE BEZOS FAMILY FOUNDATION AS WELL AS FROM THE NORWEGIAN CONSULATE AND NORWEGIAN ACADEMY OF SCIENCE AND LETTERS. THE FOUNDATION HAS ALSO RECEIVED STATE AND CITY FUNDING FROM THE NEW YORK CITY CULTURAL DEVELOPMENT FUND, THE NEW YORK STATE DEPARTMENT OF EDUCATION AND THE NEW YORK STATE ENERGY AND RESEARCH DEVELOPMENT AUTHORITY. SINCE 2008, THE FOUNDATION HAS ACTIVELY SOLICITED CORPORATE SPONSORS FOR ITS ACTIVITIES, REACHING OUT TO OVER 414 CORPORATIONS. AS A RESULT OF THIS OUTREACH, THE FOUNDATION HAS RECEIVED FINANCIAL SUPPORT FROM CORPORATIONS SUCH AS CREDIT SUISSE, IBM, AMERICA'S NAVY, CON EDISON, KNOPF, TIME WARNER CABLE, GOOGLE, COGNIZANT, IFF, AND NORTHROP GRUMMAN. ALTHOUGH NOT COUNTED TOWARDS "PUBLIC SUPPORT," THE FOUNDATION HAS CONSISTENTLY BEEN ABLE TO REDUCE ITS ADVERTISING EXPENDITURES THROUGH CONTRIBUTIONS OF IN-KIND MEDIA SUPPORT VALUED AT OVER $1,218,117 (IN 2015) FROM OVER 15 DIFFERENT NEWS AND MEDIA ORGANIZATIONS AND PUBLICATIONS, INCLUDING COMMUNITY-BASED NEWS OUTLETS WABC, WNYC AND AM NEW YORK, AS WELL AS NATIONALLY DISTRIBUTED PUBLICATIONS, SUCH AS SCIENTIFIC AMERICAN, THE WEEK AND POPULAR SCIENCE. THE FOUNDATION ALSO ACTIVELY SEEKS INDIVIDUAL DONORS BY HOSTING CULTIVATION EVENTS AND BY HOLDING AN ANNUAL GALA FUNDRAISER. SINCE 2007, THE FOUNDATION HAS SENT OVER 3,290 INVITATIONS TO BETWEEN 25 AND 30 EVENTS THAT RANGE IN SIZE FROM 20 TO 200 GUESTS. IN ADDITION, THE FOUNDATION HAS HOSTED ITS ANNUAL GALA BENEFIT SINCE 2009. TICKET PRICES TO THE GALA INCLUDE A PORTION ALLOCABLE TOWARDS A CHARITABLE CONTRIBUTION. FROM 2009 THROUGH 2015, THE FOUNDATION SENT OVER 16,900 INVITATIONS AND FUNDING REQUESTS IN CONNECTION WITH THE ANNUAL GALA. MORE THAN 3,900 PEOPLE ATTENDED THE GALA, AND OTHERS CONTRIBUTED BUT DID NOT ATTEND. THE AGGREGATE VALUE OF INDIVIDUAL CONTRIBUTIONS FROM THE GALA HAS CONTINUED TO GROW. IN ADDITION, DURING EACH FESTIVAL, THE FOUNDATION USES SPONSORED RECEPTIONS AND HOSPITALITY CENTERS TO WELCOME OVER 350 SUPPORTERS AND PARTNERS (WHO PROVIDE FINANCIAL OR IN-KIND SUPPORT) AND PARTICIPANTS (WHO VOLUNTEER THEIR TIME AND EXPERTISE) IN THE FESTIVAL. THESE EVENTS ALSO SERVE TO INTRODUCE THE FESTIVAL TO NEW PROSPECTIVE SUPPORTERS. TYPICALLY, THERE ARE THREE TO FOUR SUCH EVENTS EACH YEAR, AND THE CUMULATIVE NUMBER OF PEOPLE WHO ATTEND THESE EVENTS IN EACH YEAR RANGES FROM 800 TO OVER 1,000 PEOPLE. THE FOUNDATION HAS ALSO SOUGHT SMALLER DONATIONS FROM MEMBERS OF THE GENERAL PUBLIC WHO ARE INTERESTED IN ATTENDING THE WORLD SCIENCE FESTIVAL AND/OR VISIT THE WEBSITE. FROM 2009 THROUGH 2014, THE FOUNDATION SOLICITED DONATIONS ON ITS WEBSITE THROUGH NETWORK FOR GOOD. CURRENTLY, THE FOUNDATION SOLICITS WEBSITE DONATIONS VIA SALESFORCE. FROM 2010 - 2015, THE FOUNDATION HAS ATTRACTED APPROXIMATELY $31,666 IN PUBLIC SUPPORT THROUGH ITS WEBSITE SOLICITATION EFFORTS. BEGINNING IN 2012, THE FOUNDATION ALSO PROVIDED AN OPPORTUNITY FOR TICKET BUYERS TO MAKE A DONATION TO THE FESTIVAL AS PART OF THEIR TICKET PURCHASE. THIS EFFORT RAISED $43,042 THROUGH 2015 AND WILL BE CONTINUED IN 2016. COMPOSITION OF THE BOARD: THE FOUNDATION'S BOARD OF DIRECTORS REPRESENTS THE WORLDS OF EDUCATION, THE ARTS, MEDIA, NON-PROFIT MANAGEMENT AND PHILANTHROPY. EACH DIRECTOR BRINGS A RANGE OF EXPERTISE AND VARYING PERSPECTIVES TO THE ORGANIZATION. ALL DIRECTORS HAVE BEEN EXCEEDINGLY GENEROUS WITH THEIR TIME AND EXPERTISE, BUT THE FOUNDATION DOES NOT RELY SOLELY ON ITS BOARD FOR MATERIAL FINANCIAL SUPPORT. TRACY DAY, ONE OF THE CO-FOUNDERS, BRINGS HER EXPERIENCE AS AN EXECUTIVE PRODUCER IN TELEVISION JOURNALISM TO ALL OF THE FESTIVAL'S PROGRAMMING. BRIAN GREENE, ALSO A CO-FOUNDER, IS A PHYSICIST, MATHEMATICIAN AND PROFESSOR AT COLUMBIA UNIVERSITY. BECAUSE OF THE EDUCATIONAL NATURE OF THE FOUNDATION'S MISSION AND ACTIVITIES, THE FOUNDATION HAS RECRUITED ADDITIONAL BOARD MEMBERS FROM A VARIETY OF INSTITUTIONS OF HIGHER LEARNING. THE PRESIDENTS OF COLUMBIA UNIVERSITY (LEE BOLLINGER) AND NEW YORK UNIVERSITY (JOHN SEXTON) HAVE LONG BEEN SUPPORTERS OF THE FOUNDATION'S MISSION AND SERVED ON THE FOUNDATION'S BOARD OF DIRECTORS FROM 2006 - 2012 AND 2008 - 2009, RESPECTIVELY. GILLIAN SMALL, VICE CHANCELLOR FOR RESEARCH AT THE CITY UNIVERSITY OF NEW YORK AND AN ACCOMPLISHED SCIENTIST AND EDUCATOR, JOINED THE BOARD IN JANUARY 2012. ALAN ALDA, AN ACCLAIMED ACTOR, WRITER AND DIRECTOR, BRINGS A WEALTH OF EXPERTISE AND CONNECTIONS FROM THE ARTS TO THE FESTIVAL AND HAS APPEARED AT NUMEROUS FESTIVAL EVENTS AS A MODERATOR AND ACTOR. HE HAS BEEN A MEMBER OF THE BOARD OF DIRECTORS SINCE 2007. JUDITH COX HAS A BACKGROUND IN NON-PROFIT MANAGEMENT AND INTERNATIONAL PROJECTS, AND HAS BEEN ON THE BOARD SINCE 2006. ANN ZIFF, A MEMBER OF THE BOARD SINCE 2010, ALSO HAS SIGNIFICANT EXPERTISE IN NON-PROFIT MANAGEMENT AND FUNDRAISING FROM HER SERVICE ON SEVERAL NON-PROFIT BOARDS; WHILE MS. ZIFF AND HER FAMILY PROVIDE SIGNIFICANT FINANCIAL SUPPORT TO THE FOUNDATION, THEY ARE NOT THE FOUNDATION'S LARGEST DONORS. BROAD PUBLIC PARTICIPATION IN PROGRAMS: THE FOUNDATION'S EDUCATIONAL PROGRAMMING TARGETS A WORLDWIDE AUDIENCE OF ADULTS AND CHILDREN. MOST PROGRAMMING IS DESIGNED FOR NON-SCIENTISTS. WITH EACH YEAR, THE FOUNDATION'S PROGRAMS ATTRACT A LARGER PORTION OF THE GENERAL PUBLIC. ATTENDANCE AT THE WORLD SCIENCE FESTIVAL IN NEW YORK CITY (THE FOUNDATION'S ANNUAL LIVE EVENT SPANNING FIVE DAYS) HAS GROWN FROM 120,000 IN 2008 TO OVER 320,000 IN 2014. IN AN EFFORT TO REACH A BROADER PUBLIC, THE FOUNDATION BEGAN STREAMING ITS FESTIVAL PROGRAMS VIA THE INTERNET IN 2011. DURING THE 2012 FESTIVAL, THE FOUNDATION STREAMED NINE LIVE PROGRAMS TO 42,500 VIEWERS. DURING THE 2013 FESTIVAL, ELEVEN LIVE PROGRAMS WERE STREAMED TO OVER 76,000 VIEWERS, AND IN 2014, TWELVE LIVE PROGRAMS WERE STREAMED TO 64,000 VIEWERS, AND IN 2015, TEN LIVE PROGRAMS WERE STREAMED TO OVER 107,000 VIEWERS. OVER TIME, THE FOUNDATION HAS DEDICATED INCREASED RESOURCES TO PRESENTING FOOTAGE FROM THE FESTIVAL, AS WELL AS ORIGINAL EDUCATIONAL MATERIAL, ON ITS WEBSITE, WWW.WORLDSCIENCEFESTIVAL.COM, AND HAS COMMENCED WEEKLY NEWSLETTERS FOR ITS COMMUNITY OF FOLLOWERS. AS OF 2015, THE FESTIVAL'S WEBSITE ATTAINED OVER 1,266,000 PAGE VIEWS FROM VIEWERS IN 175 COUNTRIES. BY THE END OF THE 2014 FISCAL YEAR, MORE THAN 55,000 PEOPLE OPTED IN TO JOIN THE FOUNDATION'S DIGITAL MAILING LIST AND RECEIVED NEWSLETTERS, FESTIVAL PROGRAMMING ALERTS, AND EARLY TICKET PURCHASING OPPORTUNITIES. BROADCAST, ONLINE AND PRINT IMPRESSIONS FROM MAJOR NEWS OUTLETS REACHED ONE BILLION. THROUGH A VIGOROUS PROGRAM OF SOCIAL MEDIA OUTREACH, THE FESTIVAL HAS ESTABLISHED A REACH OF OVER 2.2 MILLION ON FACEBOOK, AND BUILT A STRONG PRESENCE ON INSTAGRAM AND OTHER SOCIAL MEDIA OUTLETS. THE FOUNDATION ALSO RELIES ON LARGE NUMBERS OF VOLUNTEERS DURING THE FESTIVAL. FOR THE 2015 FESTIVAL, OVER 256 VOLUNTEERS DONATED THEIR TIME TO ENSURE A SUCCESSFUL EVENT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 404680 96108 308572 293641 138297 155344 120350 73937 46413 510329 X 7867002 1402353 -50000 1352353 6514649 -274738 -274738 6239911 7953166 1402353 274738 1677091 6276075 50000 50000 6326075 PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS USING A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT AS TO WHETHER THE UNCERTAINTY WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS PRIOR TO JUNE 30, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST CONTRIBUTION REVENUE -50,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING DIRECT COSTS INCLUDED IN EXPENSES IN AUDITED FINANCIAL STATEMENT -274,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT COSTS REPORTED ON LINE 8B, OF PART VIII 274,738. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 50,000. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES THE ORGANIZATION HAS ENTERED INTO A PROGRAM SERVICES AGREEMENT WITH THE QUEENSLAND MUSEUM,(QM) LOCATED IN BRISBANE, AUSTRALIA, WHEREBY QM WILL STAGE AND PROMOTE A SIMILIAR FESTIVAL IN BRISBANE, AUSTRALIA, UNDER THE BRAND "WORLD SCIENCE FESTIVAL BRISBANE". THE ORGANIZATION ALSO PRESENTED ITS PROPRIETARY EDUCATIONAL PROGRAMMING AS PART OF THE WORLD SCIENCE FESTIVAL BRISBANE. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OPENING NIGHT GALA 801572 709172 92400 26550 248188 801572 709172 92400 26550 248188 274738 -182338 X X X 0 0 0 0 0 0 0 0 0 TRACY DAY SECRETARY/CEO 270000 0 0 0 0 0 0 0 0 0 270000 0 0 0 FRANCES REILLY CHIEF OPERATING OFFICER 163598 0 0 0 0 0 0 0 9142 0 172740 0 0 0 MICHAEL KEITH BLANCHARD GENERAL MANAGER OF DIGITAL 237482 0 0 0 0 0 0 0 19689 0 257171 0 0 0 X 3 139979 LISTED VALUE X SCIENTIFIC DISPLAY 1 165000 COST OF DISPLAY 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS LISTED ON SCHEDULE M REPRESENTS THE NUMBER OF CONTRIBUTORS PART I, LINE 32B: THE ORGANIZATION USES A SECURITIES BROKER TO SELL DONATED MARKETABLE SECURITIES LINE 31: MANAGEMENT REVIEWS NON-STANDARD CONTRIBUTION OFFERS TO DETERMINE THE SUITABILITY OF THE CONTRIBUTION BEFORE ACCEPTING THE CONTRIBUTION. FROM 990, PAGE 1, ITEM C, NAME OF ORGANIZATON SUBSEQUENT TO THE FILING YEAR END, ON DECEMBER 14, 2015, THE ORGANIZATION AMENDED ITS CERTIFICATE OF INCORPORATION TO CHANGE ITS NAME FROM THE SCIENCE FESTIVAL FOUNDATION, SCIENCE TO WORLD SCIENCE FOUNDATION. THE BYLAWS WERE ALSO AMENDED TO CHANGE THE FISCAL YEAR FROM JUNE 30 TO SEPTEMBER 30 FOR YEARS SUBSEQUENT TO THIS REPORTING YEAR. ADDITIONAL INFORMATION FOR PAGE 4, LINE 28A PENDING TRANSACTION WITH INTERESTED PARTIES: IN OCTOBER 2012, THE FOUNDATION ENTERED INTO A NON-BINDING TERM SHEET WITH AN ENTITY (THE "COMPANY") OWNED BY THE FOUNDATION'S CO-FOUNDERS, WHO SERVE AS DIRECTORS AND OFFICERS OF THE FOUNDATION AS CEO AND BOARD CHAIR, IN CONNECTION WITH THE PARTIES' COLLABORATION ON A NEW DIGITAL EDUCATIONAL INITIATIVE (THE "PROJECT"). THE TERM SHEET CONTEMPLATES THAT THE COMPANY WOULD BE COMPENSATED FOR THE BOARD CHAIR'S SIGNIFICANT CONTRIBUTIONS TO THE PROJECT IN A MANNER COMMENSURATE WITH HIS CONTRIBUTIONS SHOULD THE INITIATIVE PRODUCE ANY REVENUES, AND GRANTS THE COMPANY A NON-EXCLUSIVE LICENSE TO USE CERTAIN INTELLECTUAL PROPERTY DEVELOPED AS PART OF THE PROJECT FOR EDUCATIONAL PURPOSES ON A NON-COMMERCIAL BASIS. THE BOARD CHAIR HAS CREATED THE ACADEMIC CONTENT UNDERLYING THE PROJECT, AND HAS PROVIDED HIS EXPERTISE AND PROJECT MANAGEMENT SERVICES FREE OF CHARGE THUS FAR. MANAGEMENT IS IN THE PROCESS OF NEGOTIATING A FINAL AGREEMENT WITH THE COMPANY. FORM 990, PART VI, SECTION A, LINE 2 BRIAN GREENE, CHAIRMAN OF THE BOARD, IS MARRIED TO TRACY DAY, CHIEF EXECUTIVE OFFICER AND BOARD SECRETARY. FORM 990, PART VI, SECTION A, LINE 8B DUE TO THE SIZE OF ITS BOARD, SCIENCE FESTIVAL FOUNDATION DOES NOT HAVE COMMITTEES. ALL MEETINGS OF THE FULL BOARD WERE DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING WITH THE IRS, THE DRAFT 990 IS REVIEWED INTERNALLY BY THE MANAGER OF FINANCE, OUTSIDE GENERAL COUNSEL AND PRESIDENT OF THE FOUNDATION. THEY DISCUSS ANY QUESTIONS OR COMMENTS WITH THE FOUNDATION'S OUTSIDE PREPARERS, PROVIDE SUGGESTED LANGUAGE WHERE APPROPRIATE AND REVIEW ANY REVISIONS MADE IN RESPONSE TO THEIR COMMENTS. ONCE A FINAL DRAFT IS READY, MANAGEMENT DISTRIBUTES IT TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S OUTSIDE GENERAL COUNSEL DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND CONFLICT OF INTEREST QUESTIONNAIRE TO EACH OFFICER, DIRECTOR AND KEY EMPLOYEE ON AN ANNUAL BASIS, AND FOLLOWS UP WITH EACH INDIVIDUAL TO ENSURE THAT THE QUESTIONNAIRE HAS BEEN COMPLETED. EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS ASKED TO CERTIFY ANNUALLY THAT HE/SHE HAS REVIEWED THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND HAS DISCLOSED ANY POTENTIAL OR ACTUAL CONFLICTS ON THE QUESTIONNAIRE. THE OUTSIDE GENERAL COUNSEL REVIEWS THE RESPONSES TO THE QUESTIONNAIRE TO DETERMINE IF THERE IS ANYTHING DISCLOSED THAT SHOULD BE BROUGHT TO THE ATTENTION OF THE BOARD. THE QUESTIONNAIRES ARE MAINTAINED WITH THE BOOKS AND RECORDS OF THE FOUNDATION. IN ADDITION TO FILLING OUT THE QUESTIONNAIRE, PURSUANT TO THE FOUNDATION'S POLICY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS REQUIRED TO ALERT THE OTHER MEMBERS OF THE BOARD IF A TRANSACTION OR FACT ARISES THAT COULD BE COVERED BY THE FOUNDATION'S POLICY AFTER THE INDIVIDUAL HAS COMPLETED HIS OR HER ANNUAL QUESTIONNAIRE. IF THE GENERAL COUNSEL IDENTIFIES ANY TRANSACTION THAT MIGHT PRESENT A CONFLICT OF INTEREST, ACTUAL OR PERCEIVED, HE OR SHE WOULD CONFER WITH THE PRESIDENT AND CHAIR TO DISCUSS HOW IT SHOULD BE DISCLOSED TO THE REST OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE AND OFFICER COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE OUTSIDE GENERAL COUNSEL, MANAGER OF FINANCE AND PRESIDENT REVIEW AND COMPILE PUBLICLY AVAILABLE COMPENSATION INFORMATION FOR SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS, AS WELL AS COMPENSATION SURVEYS. THIS INFORMATION IS DISTRIBUTED AND DISCUSSED AT A MEETING OF THE BOARD OUT OF THE PRESENCE OF THE INDIVIDUAL WHOSE COMPENSATION IS BEING REVIEWED. AT THAT POINT IN THE MEETING, ANY REMAINING BOARD MEMBERS WHO HAVE AN INTEREST IN THE COMPENSATION (SUCH AS FAMILY MEMBERS OF THE EMPLOYEE OR OFFICER) ARE EXCUSED FROM THE MEETING. THE DISINTERESTED BOARD MEMBERS DETERMINE WHETHER THE PROPOSED COMPENSATION IS REASONABLE IN LIGHT OF THE COMPARABLES REVIEWED AND THE WORK BEING PERFORMED BY THE INDIVIDUAL IN QUESTION, AND VOTE ON THE COMPENSATION PACKAGE. THE DELIBERATION AND VOTE ON COMPENSATION ARE RECORDED IN THE MINUTES OF THE BOARD MEETING, WHICH ARE APPROVED BY THE DIRECTORS AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART VII, LINE THE CHIEF EXECUTIVE OFFICER'S EARNINGS OF $270,000 FOR TRACY K. DAY INCLUDES AN ANNUAL SALARY OF $215,000 PLUS PAYMENT OF $55,000 AS PARTIAL PAYMENT FOR WORK PERFORMED IN 2006 THROUGH 2008 DURING THE FIRST YEARS OF OPERATIONS WHEN MS. DAY WORKED FULL-TIME WITHOUT ANY COMPENSATION. THE BALANCE DUE TO MS. DAY FOR COMPENSATION FOR THE 2006-2008 YEARS IS BEING PAID OUT OVER A FIVE YEAR PERIOD. PART VIII, LINE 8C LOSS ON FUNDRAISING EVENT IN THIS CURRENT FISCAL YEAR, THE ORGANIZATION IS SHOWING A NET LOSS FROM THE FUND RAISING EVENT AS THE FORM 990 HAS EXCLUDED $709,172 OF CONTRIBUTIONS THAT WERE RECEIVED SPECIFICALLY FOR THE FUNDRAISING EVENT. (SEE LINE 8A, PART VIII). THESE CONTRIBUTIONS ARE SHOWN ON LINE 1C, PART VIII. IF THESE CONTRIBUTIONS WERE INCLUDED WITH THE FUNDRAISING REVENUE SHOWN ON LINE 8A, THE NET INCOME FROM THE EVENT WOULD BE $526,834. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 487,960. MANAGEMENT AND GENERAL EXPENSES 125,766. FUNDRAISING EXPENSES 71,961. TOTAL EXPENSES 685,687. PART IX, LINE 24A FESTIVAL PRODUCTION COSTS SIGNIFICANT EXPENSES WHICH ARE PART OF THE FESTIVAL PRODUCTION COSTS ON LINE 24A, PART IX, INCLUDE VIDEO TAPING, VIDEO PRODUCTION, VENUE RENTALS, VENUE PRODUCERS/MANAGERS, SET SCENERY AND VENUE OPERATIONS LABOR. PART XII, LINE 2C AUDITOR SELECTION AND OVERSIGHT PROCESS: THE OVERSIGHT PROCESS AND THE SELECTION PROCESS THAT THE ORGANIZATION USES FOR THE OVERSIGHT OF ITS AUDITORS HAS NOT CHANGED FROM THE PRIOR YEAR. OVERSIGHT OF THE AUDIT IS DONE BY THE ENTIRE BOARD OF DIRECTORS.