2015-06-15T10:42:56-05:00 2014-07-31 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2013-08-01 132906037 THE BIG APPLE CIRCUS LTD BIGA 2122682500 ONE METROTECH CENTER NO 3RD FL BROOKLYN NY 11201 WILL MAITLAND WEISS EXECUTIVE DIRECTOR 2122682500 2015-06-15 1 GARRETT M HIGGINS CPA P00543209 2122862600 2013 2016-03-07 17:11:31Z LYNN STIRRUP ONE METROTECH CENTER NO 3RD FL BROOKLYN NY 11201 19860702 0 X WWW.BIGAPPLECIRCUS.ORG X 1977 NY THE CREATION AND PERFORMANCE OF AN ANNUAL PRODUCTION HAS ALWAYS BEEN THE CENTRAL ACTIVITY FOR THE CIRCUS. THIS PRODUCTION ASSURES THE ORGANIZATION'S ARTISTIC INTEGRITY AND GUIDES THE DEVELOPMENT OF ITS FIVE COMMUNITY OUTREACH PROGRAMS. EACH YEAR, THE CIRCUS USES ITS INTERCULTURAL APPEAL AS THE BASIS FOR OUTREACH TO DIVERSE AUDIENCES, TRANSFORMING THE CIRCUS ACTS INTO A RESOURCE FOR PHYSICALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES. FIVE OUTREACH PROGRAMS, CLOWN CARE, VAUDEVILLE CARAVAN, CIRCUS OF THE SENSES, CIRCUS FOR ALL! AND CIRCUS AFTER SCHOOL, CONTINUE TO BRING THE ARTISTRY OF THE CIRCUS TO SPECIAL AUDIENCES, UNDER THE BIG TOP, AND IN HOSPITALS AND COMMUNITY CENTERS. IN ITS 33ND SEASON, THE BIG APPLE CIRCUS EMBRACED ITS ROLE AS NEW YORK'S "HOME TOWN" CIRCUS. THE SHOW TOURED FOR 40 WEEKS AND REACHED 8 LOCATIONS FOR A TOTAL OF 360 PERFORMANCES. 20 20 536 30 1225607 -100016 3114315 4881815 14290361 12996974 139919 148657 1305623 939041 18850218 18966487 0 0 0 0 8870972 9351494 0 0 480473 12577559 11288683 21448531 20640177 -2598313 -1673690 6488797 5870617 6153421 7179647 335376 -1309030 X THE MISSION OF THE BIG APPLE CIRCUS IS TO INVIGORATE AUDIENCES WITH THE JOY AND WONDER OF CLASSICAL CIRCUS. AN ACCLAIMED SHOWCASE FOR PERFORMANCE TRADITIONS FROM CULTURES AROUND THE WORLD, THE BIG APPLE CIRCUS IS A DISTINCTLY NEW YORK INSTITUTION. EMBRACED BY GENERATIONS SINCE ITS FIRST PERFORMANCE IN LOWER MANHATTAN IN 1977, THE BIG APPLE CIRCUS LAUNCHED AN AMERICAN REVIVAL OF THE CLASSICAL CIRCUS. THE CIRCUS'S LOCATION IN NEW YORK IS PRECISELY THE REASON IT HAS FLOURISHED FOR OVER THREE DECADES, PERPETUATING AN INTERNATIONAL ART FORM IN ONE OF THE WORLD'S KEY URBAN CENTERS. 0 0 12435976 12159499 CIRCUS PERFORMING UNITTHE PERFORMING UNIT OF THE BIG APPLE CIRCUS BRINGS THE ARTISTIC PRODUCTION-THE SHOW-TO MULTIPLE VENUES IN AN ANNUAL TOUR. THE PERFORMING UNIT COMPRISES THE PERFORMANCE FACILITY (THE BIG TOP TENT; CHAIR AND BLEACHER SEATING FOR UP TO 1,723; LIGHTING AND SOUND EQUIPMENT; AND SETS, COSTUMES, PROPS, AND OTHER EQUIPMENT INCIDENTAL TO THE SHOW) AND TRAILERS CONTAINING GENERATORS THAT FURNISH ELECTRICAL POWER TO THE CIRCUS, LIVING ACCOMMODATIONS FOR CIRCUS PERSONNEL, TOILET FACILITIES FOR SPECTATORS, CONCESSIONS SELLING FOOD/BEVERAGE AND SOUVENIRS, UNITS USED AS HOUSING FOR ANIMALS, AND FOR STORAGE, AMONG OTHERS. A STAFF OF MORE THAN 100 PEOPLE IS NECESSARY TO OPERATE THE PERFORMING UNIT, INCLUDING ARTISTS, OPERATIONS STAFF, AND ALL TECHNICAL PERSONNEL THAT ARE NECESSARY TO INSTALL, OPERATE, DISMANTLE, AND MOVE THE UNIT. THERE IS ALSO BOX OFFICE AND ADMINISTRATIVE STAFF, I.E. PERSONNEL SUCH AS MANAGERS, USHERS, TICKET TAKERS, CONCESSIONAIRES, AND OTHERS SUFFICIENT, IN THE CIRCUS'S JUDGEMENT, TO PROVIDE CUSTOMER SERVICE FOR THE AUDIENCES THROUGHOUT THE TOUR.IN ADDITION TO ITS REGULAR PERFORMANCES (APPROXIMATELY 300 IN 2013-2014), THE BIG APPLE CIRCUS OF THE SENSES IS A SERIES OF PERFORMANCES, OFFERED IN THE TENT, FOR CHILDREN WHO ARE DEAF OR HEARING-IMPAIRED, BLIND OR VISION-IMPAIRED, OR OTHERWISE DIFFERENTLY ABLED, WITH THEIR INSTITUTIONAL CAREGIVERS AND/OR WITH THEIR FAMILIES. THE BIG APPLE CIRCUS FOR ALL! PROGRAM PROVIDES DEEPLY DISCOUNTED OR FREE TICKETS TO THE SHOW FOR CHILDREN, FAMILIES, AND SENIORS WHO CANNOT AFFORD EVEN THE MODEST TICKET PRICES CHARGED TO THE GENERAL PUBLIC. PARTICIPANTS ARE SELECTED FROM PUBLIC SCHOOLS WITH 70% OR HIGHER STUDENTS QUALIFYING FOR FEDERAL LUNCH PROGRAMS, AND WITH THE HELP OF OTHER NONPROFIT AGENCIES. CORPORATIONS, FOUNDATIONS, GOVERNMENT AGENCIES, AND INDIVIDUALS PROVIDE FUNDING TO UNDERWRITE PART OR ALL OF THE TICKET COSTS. THE BIG APPLE CIRCUS IS COMMITTED TO MAKING ITS SHOW ACCESSIBLE TO THE BROADEST AUDIENCE POSSIBLE, REGARDLESS OF THEIR MEDICAL OR ECONOMIC CHALLENGES. 1553856 837475 CLOWN CARETHE BIG APPLE CIRCUS CLOWN CARE PROGRAM SERVES CHILDREN, THEIR FAMILIES, AND THEIR PROFESSIONAL CAREGIVERS IN 14 PEDIATRIC HOSPITALS NATIONWIDE. WHILE MEDICAL STAFF TREAT CHILDREN'S DISEASES, 70+ BIG APPLE CIRCUS "CLOWN DOCTORS" PARTNER WITH THEM TO TREAT "THE HEALTHY PART OF EACH CHILD" WITH LAUGHTER AS THE BEST MEDICINE. USING IMPROVISATION, MUSIC, JUGGLING, MAGIC, AND OTHER CIRCUS SKILLS, THE CLOWN DOCTORS MAKE MORE THAN 200,000 VISITS ANNUALLY. THEY WORK WITH PHYSICIANS, NURSES, AND CHILD LIFE STAFF TO PLOT THEIR ITINERARY EACH SHIFT, EACH DAY, YEAR-ROUND, CARING FOR FAMILIES RECEIVING PEDIATRIC SERVICES THROUGHOUT THE HOSPITAL. THESE INCLUDE THE INPATIENT AREAS, INTENSIVE CARE UNITS, PRE-AND POST-OPERATIVE SURGERY, EMERGENCY ROOMS, PHYSICAL THERAPY, BONE MARROW TRANSPARENT, PEDIATRIC AIDS, AND OUTPATIENT AND ACUTE CARE CLINICS.CLOWN CARE PROGRAMMING IS CURRENTLY OPERATING IN:" ATLANTA, GA: EGLESTON CHILDREN'S HOSPITAL, HUGHES SPALDING, AND SCOTTISH-RITE CHILDREN'S HOSPITAL, (ALL PART OF CHILDREN'S HEALTHCARE OF ATLANTA)" BALTIMORE, MD: JOHN HOPKINS CHILDREN'S CENTER" BOSTON, MA: BOSTON CHILDREN'S HOSPITAL" CHICAGO, IL: LA RABIDA CHILDREN'S HOSPITAL" LIVINGSTON, NJ: SAINT BARNABAS REGIONAL MEDICAL CENTER" MIAMI, FL: MIAMI CHILDREN'S HOSPITAL" NEW HAVEN, CT: YALE-NEW HAVEN CHILDREN'S HOSPITAL" NEW YORK, NY: BRONX LEBANON HOSPITAL CENTER, HARLEM HOSPITAL, AND MEMORIAL SLOAN-KETTERING CANCER CENTER" PROVIDENCE, RI: HASBRO CHILDREN'S HOSPITAL" WASHINGTON, DC: CHILDREN'S NATIONAL MEDICAL CENTER A COMPLEMENT TO ITS PEDIATRIC HOSPITAL PROGRAM, THE BIG APPLE CIRCUS VAUDEVILLE CARAVAN PROGRAM BRINGS JOY AND LAUGHTER TO ELDERS IN RESIDENTIAL CARE. PROFESSIONAL PERFORMERS DRESS AS ICONIC ENTERTAINMENT CHARACTERS LIKE A COWGIRL OR AN ELVIS IMPERSONATOR, TO ACTIVELY ENGAGE AND EMPOWER ELDERS, AGAIN, USING IMPROVISATION, MUSIC, MAGIC, AND MORE. VAUDEVILLE CARAVAN IS CURRENTLY OPERATING IN EIGHT NURSING HOMES IN THE CHICAGO AREA, WITH PLANS FOR EXPANSION INTO OTHER MARKETS WHERE THE CIRCUS DELIVERS CLOWN CARE. CLOWN DOCTORS ARE ALSO CONTRACTED TO A NUMBER OF SUMMER CAMP FACILITIES, INCLUDING THE HOLE IN THE WALL GANG CAMP ESTABLISHED BY THE LATE ACTOR AND PHILANTHROPIST PAUL NEWMAN IN CONNECTICUT FOR CHILDREN WITH CANCER AND OTHER TERMINAL ILLNESSES, AND A CAMP OPERATED BY CALVARY HOSPICE IN NEW YORK CITY, FOR CHILDREN/GRANDCHILDREN OF ITS PATIENTS. THE MISSION OF THE NONPROFIT BIG APPLE CIRCUS IS TO ENHANCE THE QUALITY OF LIFE IN ALL COMMUNITIES IT SERVES, WITH THE WONDER AND JOY OF CLASSIC CIRCUS ARTS INSIDE AND OUTSIDE THE TENT, BOTH THROUGH PERFORMANCES IN THE BIG TOP AND THROUGH DEDICATED OUTREACH PROGRAMS IN HOSPITALS, NURSING HOMES, AND SCHOOLS. 3604163 CIRCUS AFTER SCHOOL THE BIG APPLE CIRCUS AFTER SCHOOL PROGRAM OFFERS SEMESTER-LONG, 12-WEEK INSTRUCTIONAL UNITS ON SITE AT PUBLIC SCHOOL OR OTHER NONPROFIT PARTNER AGENCY'S FACILITIES. APPROXIMATELY 30 STUDENTS MEET TWICE WEEKLY, FOR TWO HOURS AFTER SCHOOL, WITH THREE CIRCUS ARTIST FACULTY ESPECIALLY TRAINED TO CARE FOR AND MOTIVATE CHILDREN AGES 9-14, ALONG WITH INTERNS AND OTHER TRAINEES. STUDENTS LEARN THE BASICS OF CIRCUS ARTS INCLUDING JUGGLING, STILTS, UNICYCLE, DIABLO, ACROBATICS, AND CLOWNING; SOME FACILITIES ALSO HAVE CAPACITY FOR AERIAL TRAINING. FOR THE FIRST FEW WEEKS, CHILDREN ARE GIVEN AN OPPORTUNITY TO LEARN AND PRACTICE A VARIETY OF DIFFERENT SKILLS; THEY THEN SELECT TWO IN WHICH THEY WILL PERFORM AT THE SEMESTER'S END, BEFORE AN AUDIENCE OF 100+ CLASSMATES, FAMILY MEMBERS, AND OTHER FRIENDS. CIRCUS AFTER SCHOOL PROVIDES CIRCUS ARTS TRAINING AS A MEANS OF PROVIDING INTENSE (BUT NOT COMPETITIVE) PHYSICAL ACTIVITY AND TO ENHANCING STUDENTS' LIFE SKILLS: COOPERATION, TEAMWORK, GOAL SETTING, PERSEVERANCE, DISCIPLINE, COORDINATION, SELF-ESTEEM, AND POSITIVE THINKING. THE PROGRAM IS CURRENTLY BEING OFFERED IN NEW YORK CITY AT A PUBLIC ELEMENTARY SCHOOL IN THE BRONX AND AT A COMMUNITY CENTER (SERVING MULTIPLE MIDDLE SCHOOLS) IN EAST HARLEM. PLANS ARE UNDERWAY TO EXPAND INTO OTHER NEW YORK CITY BOROUGHS, AND TO LOOK FOR OPPORTUNITIES IN OTHER NATIONAL MARKETS SERVED BY CLOWN CARE. 17593995 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 536 0 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X PAUL BELANGER CFO 6466166809 ONE METROTECH CENTER THIRD FLOOR BROOKLYN NY 11201 RICHARD MAYBERRY CHAIRMAN 4.00 X X 0 0 0 RONNIE GROSS PRESIDENT 4.00 X X 0 0 0 JIMMY ZANKEL SECRETARY 2.00 X X 0 0 0 ROBIN HENRY TREASURER 4.00 X X 0 0 0 IAN BAKER DIRECTOR 2.00 X 0 0 0 KIM LADOTA BOZZELLA DIRECTOR 2.00 X 0 0 0 MARY JANE BROCK DIRECTOR 4.00 X 0 0 0 AMY CHURGIN DIRECTOR UNTIL 6/5/14 2.00 X 0 0 0 SAMANTHA RUDIN EARLS DIRECTOR 2.00 X 0 0 0 PAUL GOLDENHEIM DIRECTOR 2.00 X 0 0 0 PETER T GRAUER DIRECTOR 2.00 X 0 0 0 MATTHEW HILTZIK DIRECTOR 2.00 X 0 0 0 LINDA F VOGEL KAPLAN DIRECTOR 2.00 X 0 0 0 VIRGINIA CHAMBERS KEIM DIRECTOR 2.00 X 0 0 0 URSULA G LOWERRE DIRECTOR 2.00 X 0 0 0 SUSAN MAY-MCLEAN DIRECTOR 2.00 X 0 0 0 PHIL RENSHAW-LEWIS DIRECTOR 2.00 X 0 0 0 DAVID ROCKWELL DIRECTOR UNTIL 3/5/14 2.00 X 0 0 0 MARK J SCHWARTZ DIRECTOR UNTIL 3/5/14 2.00 X 0 0 0 WENDY SIEGEL DIRECTOR 2.00 X 0 0 0 DANIEL H STERN DIRECTOR 2.00 X 0 0 0 SUSAN SUTCLIFF DIRECTOR 1.00 X 0 0 0 CHRIS WEARING DIRECTOR 1.00 X 0 0 0 LYNN M STIRRUP EXECUTIVE DIRECTOR 40.00 X 217057 0 19535 PAUL BELANGER CFO 40.00 X 184260 0 0 GUILLAUME DUFRESNOY ARTISTIC DIRECTOR 40.00 X 193052 0 17375 JJPEYTAVI VP MARKETING 40.00 X 160007 0 14401 WM WEISS VP DEVELOPMENT 40.00 X 135613 0 12205 PAUL BINDER FOUNDER/FORMER ARTISTIC DIRECTOR 2.00 X 100000 0 12175 989989 0 75691 6 1 1 0 LINCOLN CENTERCENTERCHARGE 70 LINCOLN CENTER PLAZA NEW YORK NY 10023 SITE RENTAL 557207 AUDIENCEVIEW TICKETING 425 ADELAIDE ST WEST 10TH FL TORONTO ONTARIO CA M5V 3C1 TICKETING SERVICE 307196 SITUATION INTERACTIVE 1372 BROADWAY NEW YORK CA 10018 MARKETING 277186 KARLS EVENT SERVICE 55 MONTGOMERY STREET BELLEVUE NJ 07109 MARKETING 213025 ATLANTIC MOTION PICTURES 527 EAST 84TH STREET 4TH FL NEW YORK NY 10028 ADVERTISING 212362 15 587464 470792 3823559 4881815 PERFORMING INCOME 711190 12074865 10933892 1140973 CLOWN CARE 711190 837475 837475 CIRCUS TO GO 711190 84634 84634 12996974 67460 67460 260314 179117 81197 81197 81197 29575 587464 142949 -113374 -113374 1538912 572149 966763 966763 MISCELLANEOUS INCOME 711190 85652 85652 85652 18966487 11771367 1225607 1087698 X 917283 767255 101340 48688 102460 85842 11229 5389 6650515 5543845 747239 359431 921337 807168 77475 36694 759899 665730 63898 30271 24775 24775 55000 55000 12664 12664 2468468 2172212 296256 3386347 2851375 534972 331408 225177 106231 1170520 1024445 146075 1075005 1033239 41766 164256 164256 536955 510107 26848 320550 238533 82017 EQUIPMENT RENTAL/REPAIR 1152347 1131885 20462 PRODUCTION 411509 411509 CIRCUS TO GO EXPENSES 107873 107873 71006 17800 53206 20640177 17593995 2565709 480473 411669 53573 241185 175593 7500 258995 15161 31151 62944 26770 261792 365129 17396764 13436839 4470698 3959925 907082 903439 105126 90402 5640 5640 6488797 5870617 3100765 3979531 925214 1146240 2127442 2053876 6153421 7179647 X -2931485 -5517734 598000 1591757 2668861 2616947 335376 -1309030 6488797 5870617 -1673690 29284 0 X X 0 1 X 1 0 X 4222291 6971437 3445479 3114315 4881815 22635337 13987853 11787035 13430543 13072125 11771367 64048923 2040891 1817747 1960986 2081912 1538912 9440448 20251035 20576219 18837008 18268352 18192094 96124708 488948 1113590 334300 560488 1240190 3737516 809966 196598 433644 1440208 488948 1113590 1144266 757086 1673834 5177724 90946984 3165 37607 73645 151706 67460 333583 35680 193949 105065 1293661 1225607 2853962 38845 231556 178710 1445367 1293067 3187545 89419 215045 92765 85652 482881 20379299 21022820 19108483 19713719 19570813 99795134 0.91130 0.95510 0.03190 0.00330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1118861 -51914 1066947 1123189 -4328 1118861 1125771 -2582 1123189 1193378 116484 -184091 1125771 1697895 1000000 -4517 1500000 1193378 1.00000 0 0 373787 373787 3438017 2726335 711682 1118367 882800 235567 7923909 6260223 1663686 4542684 3567481 975203 3959925 X 18875234 29284 29284 18845950 12664 107873 120537 18966487 20519640 0 20519640 12664 107873 120537 20640177 PART V, LINE 4: THE USE OF THE ENDOWMENT FUND IS BASED ON THE DONOR SPECIFIED USE OF THE FUNDS (SUPPORTING A SPECIFIC PROGRAM SUCH AS CLOWN CARE OR TO SUPPORT PROGRAM OR OPERATING EXPENSES OF THE ORGANIZATION'S CHOICE) AND IN SOME CASES THE DONORS SPECIFIED AN INVESTMENT POLICY (HOW IT IS TO BE INVESTED). IN ALL CASES THE EARNINGS FROM THE ENDOWMENT FUNDS SUPPORT GENERAL OPERATING AND SPECIFIC PROGRAM COSTS OF THE ORGANIZATION THAT ADVANCE THE MISSION OF THE ORGANIZATION. PART X, LINE 2: THE CIRCUS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CIRCUS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CIRCUS IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: CIRCUS TO GO EXPENSES 107,873. PART XII, LINE 4B - OTHER ADJUSTMENTS: CIRCUS TO GO EXPENSES 107,873. FALL GALA 617039 587464 29575 8479 107309 3479 23682 617039 587464 29575 8479 107309 3479 23682 142949 -113374 X X X X 0 0 0 0 0 0 0 0 0 LYNN M STIRRUP EXECUTIVE DIRECTOR 217057 0 0 0 0 0 0 0 19535 0 236592 0 0 0 PAUL BELANGER CFO 184260 0 0 0 0 0 0 0 0 0 184260 0 0 0 GUILLAUME DUFRESNOY ARTISTIC DIRECTOR 193052 0 0 0 0 0 0 0 17375 0 210427 0 0 0 JJPEYTAVI VP MARKETING 160007 0 0 0 0 0 0 0 14401 0 174408 0 0 0 PAUL BINDER FOUNDER/FORMER ARTISTIC DIRECTOR 100000 0 0 0 0 0 0 0 12175 0 112175 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE IRS FORM 990 BEFORE IT IS FILED. IT WILL BE DISTRIBUTED TO THEM ELECTRONICALLY. THE TWO COMMITTEES' REVIEWS ARE RECORDED IN RESPECTIVE COMMITTEE MINUTES. THE CHAIR OF THE FINANCE COMMITTEE, THE PRESIDENT, AND THE CHAIR OF THE BOARD WILL REPORT THE RESPECTIVE COMMITTEE REVIEWS AND APPROVALS AND ANY RELEVANT FINDINGS TO THE BOARD OF DIRECTORS DURING THE FULL BOARD'S SUBSEQUENT MEETING. COPIES OF THE FORM 990 WILL BE DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS ELECTRONICALLY BEFORE THE FORM IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS MEMBERS OF THE BOARD OF DIRECTORS AND KEY EMPLOYEES. ALL KEY EMPLOYEES AND ALL MEMBERS OF THE BOARD OF DIRECTORS NEED TO RENEW THEIR CERTIFICATION OF COMPLIANCE ON AN ANNUAL BASIS. IF AT ANY TIME DURING HIS OR HER TERM OF SERVICE, A DIRECTOR OR KEY EMPLOYEE ACQUIRES ANY INTEREST OR OTHERWISE A CIRCUMSTANCE ARISES WHICH MAY POSE A CONFLICT OF INTEREST, THAT INTEREST OR OTHER CONFLICT SHALL BE PROMPTLY DISCLOSED IN WRITING TO THE CHAIR OF THE BOARD. WHEN ANY MATTER FOR DECISION OR APPROVAL COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST OR OTHER CONFLICT, THAT INTEREST OR OTHER CONFLICT SHALL BE IMMEDIATELY DISCLOSED TO THE BOARD OR RELEVANT COMMITTEE BY THAT DIRECTOR. THE POLICY CALLS FOR THE FOLLOWING DISCLOSURE REQUIREMENTS: 1. DIRECTORS AND KEY EMPLOYEES SHALL DISCLOSE IN WRITING, ANY INTEREST (AS DEFINED BELOW) SUCH PERSON MAY HAVE IN ANY ENTITY WHICH PROVIDES PROFESSIONAL OR OTHER GOODS OR SERVICES TO THE CORPORATION FOR A FEE OR OTHER COMPENSATION 2. ANY POSITION OR OTHER MATERIAL RELATIONSHIP SUCH DIRECTOR OR KEY EMPLOYEES MAY HAVE WITH ANY OTHER NOT-FOR-PROFIT CORPORATION WITH WHICH THE CORPORATION HAS AN ATTORNEY-CLIENT OR OTHER BUSINESS RELATIONSHIP THE CONFLICT OF INTEREST POLICY DEFINES THE FOLLOWING AS RISING TO THE LEVEL OF A POTENTIAL CONFLICT OF INTEREST: 1. IF THE DERIVE A SIGNIFICANT INDIVIDUAL ECONOMIC BENEFIT, EITHER DIRECTLY OR INDIRECTLY, FROM ANY TRANSACTION OR RELATIONSHIP INVOLVING SUCH ENTITY OR ANY DECISION ON A MATTER INVOLVING SUCH ENTITY BY THE BOARD OR A COMMITTEE. THE FOLLOWING RESTRICTIONS WOULD BE IMPOSED ON SUCH PERSONS WITH A CONFLICT: 1. VOTING. NO DIRECTOR SHALL VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST. 2. NON-PARTICIPATION. ANY DIRECTOR WHO HAS A CONFLICT OF INTEREST IN A MATTER SHALL LEAVE THE ROOM IN WHICH DISCUSSION REGARDING THAT MATTER IS CARRIED ON, IF SO REQUESTED BY THE BOARD OR THE RELEVANT COMMITTEE; PROVIDED, HOWEVER, THAT THE INTERESTED DIRECTOR MAY PARTICIPATE IN ANY DISCUSSION REGARDING HIS OR HER ABSENCE. 3. ATTEMPTS TO INFLUENCE. DIRECTORS SHALL NOT ATTEMPT TO INFLUENCE OTHER DIRECTORS REGARDING MATTERS IN WHICH THEY HAVE A CONFLICT OF INTEREST, WITHOUT FIRST DISCLOSING THAT CONFLICT OF INTEREST. 4. CONTRACT REVIEW COMMITTEE. THE BOARD MAY, IN ITS OWN DISCRETION ESTABLISH A CONTRACT REVIEW COMMITTEE CONSISTING OF AT LEAST THREE (3) DIRECTORS TO REVIEW ANY CONTRACT THAT IS PROPOSED FOR APPROVAL BY THE BOARD RESPECTING WHICH A DIRECTOR OR KEY EMPLOYEE MAY HAVE A CONFLICT OF INTEREST (AN "INTERESTED PARTY CONTRACT"). IF NO CONTRACT REVIEW COMMITTEE HAS BEEN DULY APPOINTED, AT ANY TIME, THE BOARD (NOT INCLUDING THE DIRECTORS HAVING AN INTEREST IN THE APPLICABLE CONTRACT) SHALL SERVE SUCH ROLE. THE CONTRACT REVIEW COMMITTEE OR BOARD SHALL REVIEW THE INTERESTED PARTY CONTRACT AND DETERMINE WHETHER TO AUTHORIZE THE CONTRACT; PROVIDED THAT IF THE CONTRACT IS OF A MAGNITUDE THAT IT WOULD OTHERWISE REQUIRE BOARD APPROVAL, THE CONTRACT REVIEW COMMITTEE SHALL SUBMIT THE CONTRACT TO THE BOARD WITH ITS RECOMMENDATION WHETHER OR NOT TO APPROVE IT. THE CONTRACT REVIEW COMMITTEE OR THE BOARD MUST APPROVE AN INTERESTED PARTY CONTRACT BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS ENTITLED TO VOTE ON THE MATTER. THE CONFLICT OF INTEREST POLICY DEFINES THE FOLLOWING AS RISING TO THE LEVEL OF A POTENTIAL CONFLICT OF INTEREST: IF THEY DERIVE A SIGNIFICANT INDIVIDUAL ECONOMIC BENEFIT, EITHER DIRECTLY OR INDIRECTLY, FROM ANY TRANSACTION OR RELATIONSHIP INVOLVING SUCH ENTITY OR ANY DECISION ON A MATTER INVOLVING SUCH ENTITY BY THE BOARD OR A COMMITTEE. THE FOLLOWING RESTRICTIONS WOULD BE IMPOSED ON SUCH PERSONS WITH A CONFLICT: 1. VOTING. NO DIRECTOR SHALL VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A CONFLICT OF INTEREST. 2. NON-PARTICIPATION. ANY DIRECTOR WHO HAS A CONFLICT OF INTEREST IN A MATTER SHALL LEAVE THE ROOM IN WHICH DISCUSSION REGARDING THAT MATTER IS CARRIED ON, IF SO REQUESTED BY THE BOARD OR THE RELEVANT COMMITTEE; PROVIDED, HOWEVER, THAT THE INTERESTED DIRECTOR MAY PARTICIPATE IN ANY DISCUSSION REGARDING HIS OR HER ABSENCE. 3. ATTEMPTS TO INFLUENCE. DIRECTORS SHALL NOT ATTEMPT TO INFLUENCE OTHER DIRECTORS REGARDING MATTERS IN WHICH THEY HAVE A CONFLICT OF INTEREST, WITHOUT FIRST DISCLOSING THAT CONFLICT OF INTEREST. 4. CONTRACT REVIEW COMMITTEE. THE BOARD MAY, IN ITS OWN DISCRETION ESTABLISH A CONTRACT REVIEW COMMITTEE CONSISTING OF AT LEAST THREE (3) DIRECTORS TO REVIEW ANY CONTRACT THAT IS PROPOSED FOR APPROVAL BY THE BOARD RESPECTING WHICH A DIRECTOR OR KEY EMPLOYEE MAY HAVE A CONFLICT OF INTEREST (AN "INTERESTED PARTY CONTRACT"). IF NO CONTRACT REVIEW COMMITTEE HAS BEEN DULY APPOINTED, AT ANY TIME, THE BOARD (NOT INCLUDING THE DIRECTORS HAVING AN INTEREST IN THE APPLICABLE CONTRACT) SHALL SERVE SUCH ROLE. THE CONTRACT REVIEW COMMITTEE OR BOARD SHALL REVIEW THE INTERESTED PARTY CONTRACT AND DETERMINE WHETHER TO AUTHORIZE THE CONTRACT; PROVIDED THAT IF THE CONTRACT IS OF A MAGNITUDE THAT IT WOULD OTHERWISE REQUIRE BOARD APPROVAL, THE CONTRACT REVIEW COMMITTEE SHALL SUBMIT THE CONTRACT TO THE BOARD WITH ITS RECOMMENDATION WHETHER OR NOT TO APPROVE IT. THE CONTRACT REVIEW COMMITTEE OR THE BOARD MUST APPROVE AN INTERESTED PARTY CONTRACT BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS ENTITLED TO VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BIG APPLE CIRCUS HAS USED A NATIONAL EMPLOYMENT CONSULTING FIRM TO SELECT CEO LEVEL CANDIDATES AND FACILITATE THE HIRING PROCESS. THE FIRM CONDUCTED A MARKET ANALYSIS TO DEVELOP RECOMMENDATIONS FOR EXECUTIVE COMPENSATION BASED UPON THEIR RESEARCH. WHEN CANDIDATES EMERGED FROM THE SELECTION PROCESS, INCLUDING BOARD INTERVIEWS, THE CONSULTING GROUP PRESENTS THE CANDIDATES' RESUMES AND COMPENSATION GUIDELINES TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW, DISCUSSION, AND APPROVAL. THE COMMITTEE'S DELIBERATIONS, DISCUSSION, AND DECISION ARE DOCUMENTED IN COMMITTEE MINUTES. THIS PROCESS WAS LAST PERFORMED IN MAY, 2012, TO FINALIZE THE EMPLOYMENT AND COMPENSATION ARRANGEMENTS FOR THE NEW EXECUTIVE DIRECTOR, WHO ASSUMED HER POSITION ON JULY 16, 2012. NO CHANGES TO THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION WERE MADE IN FY 2013-2014. TO ESTABLISH COMPENSATION FOR OTHER SENIOR STAFF, THE EXECUTIVE COMMITTEE REVIEWS INFORMATION FROM THE GUIDE STAR NATIONAL COMPENSATION SURVEYS AND THE ERI NONPROFIT COMPARABLES ASSESSOR, AS WELL AS DRAWING ON THE CIRCUS'S STAFFING HISTORY AND BOARD MEMBERS' FAMILIARITY WITH OTHER NONPROFITS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 FOR THE BIG APPLE CIRCUS, LTD. IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE 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 BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OF THE ORGANIZATION AT ONE METROTECH CENTER, BROOKLYN, NY 11201, OR BY CALLING THE ORGANIZATION AT 212-268-2500. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 2,172,212. MANAGEMENT AND GENERAL EXPENSES 296,256. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,468,468. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT THE PROCESS FOR OVERSIGHT OF THE AUDIT, PREPARATION OF THE FINANCIAL STATEMENTS, AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PROCESS EMPLOYED IN THE PRIOR YEAR.