2015-11-12T19:31:02-06:00 2014-12-31 271728945 O'CONNOR DAVIES LLP 555 HUDSON VALLEY AVENUE SUITE 106 NEW WINDSOR NY 12553 990 2014-01-01 135643627 Caramoor Center for Music & the Arts Inc CARA 9142328425 PO Box 816 Katonah NY 10536 Jeffrey P Haydon Chief Executive Officer 9142328425 2015-11-12 1 Garrett M Higgins P00543209 8452202400 2015-11-12 2014 2016-04-25 22:37:26Z Jeffrey P Haydon PO Box 816 Katonah NY 10536 13726393 0 X www.caramoor.org X 1945 NY Since 1946, Caramoor has presented music to audience members throughout the New York and Connecticut region. In 2014, 26,566 people visited our campus to participate in our programs, including concerts, historic house tours and teas, mentoring activities, and arts-in-education programs. In addition, 11,270 people utilized our campus through facility rentals, special events, and administrative functions. As a performing arts center, Caramoor works to fulfill its mission by presenting innovative and diverse musical performances; mentoring young professional musicians; and engaging children through interactive, educational experiences. With its dedicated staff, talented visiting artists, and 90-acre campus of gardens and historic architecture, Caramoor is uniquely placed to deliver these cultural enrichment opportunities to concert-goers, young musicians, and schoolchildren. 30 30 122 246 125960 -4174 10207096 7553215 1084194 1095633 878573 683119 -50245 -286416 12119618 9045551 0 0 0 0 2359428 2432938 0 0 1007606 4379518 4414570 6738946 6847508 5380672 2198043 17721284 19445451 144748 146552 17576536 19298899 X Caramoor Center for Music and the Arts - a unique Westchester County setting of Italianate architecture and gardens-enriches the lives of its audiences through innovative and diverse musical performances of the highest quality, mentors young professional musicians, and engages young children through interactive, educational experiences that deepen their relationship to and understanding of music. 0 0 3608437 921602 Musical Performances - See Schedule OIn 2014, Caramoor presented a total of 70 stand-alone musical performances and day-long, multi-set festivals to audience members in venues throughout our campus, including the 1,700-seat Venetian Theater, the 500-seat Spanish Courtyard, the 200-seat Music Room of the historic Rosen House, the Sunken Garden, Tapestry Hedge, Picnic Lawn, and Friends' Field. While maintaining our commitment to the core classical repertoire, including symphonic, opera and chamber music, we also presented a wide array of other genres, including jazz, American Songbook, and American roots music, as well as programs designed for families with young children.The 69th annual Summer Music Festival, which ran from June 21 to August 6 and included 33 concerts and multi-set festivals, was the highlight of our musical offerings. It opened with a performance by violinist Joshua Bell and the Orchestra of St. Luke's, in residence at Caramoor since 1979, with Cristian Macelaru conducting.Classical music is the perennial mainstay of the festival's offerings, with both chamber and symphonic performances. Artists in 2014 included Edward Arron & Friends (formerly known as the Caramoor Virtuosi); the Juilliard String Quartet; pianist and conductor Jeffrey Kahane; the Dover Quartet, Caramoor's 2013-2014 Ernst Stiefel String Quartet-in-Residence; and cellist Alisa Weilerstein, Caramoor's 2014 Artist-in-Residence.Our Bel Canto at Caramoor season included two chamber performances and two semi-staged operas. The season opened with members of 2014 Bel Canto Young Artists program teaming up with Edward Arron & Friends to perform the songs and chamber ensembles by Donizetti. Bass-baritone Daniel Mobbs was showcased on July 17 in an intimate performance of works by Mozart, Schubert, and Wagner. On July 12 and 18 we presented Donizetti's Lucrezia Borgia, with soprano Angela Meade, the Orchestra of St. Luke's, and Will Crutchfield conducting. We concluded our season with Verdi's Rigoletto, with soprano Georgia Jarman, the Orchestra and St. Luke's, and Will Crutchfield conducting.The two-day 20th anniversary Jazz Festival opened on Saturday, July 26 with an intimate performance by Cecile McLorin Salvant in the Spanish Courtyard. The following day featured sets by the Emily Bear Trio, John Beasley leading an ensemble of young artists, the Steve Turre All Stars (Rufus Reid, Victor Lewis, and Xavier Davis), the Renee Rosnes All Stars (Jimmy Greene, Peter Washington, Lewis Nash), and the headliner Arturo O'Farrill and the Afro-Latin Jazz Orchestra.The fourth annual American Roots Music Festival was an all-day presentation of bluegrass, folk, country, and spiritual music. Singer-songwriter Rosanne Cash headlined a line-up that included Lone Bellow; Bruce Molsky, Tony Trischka and Michael Daves; Kim and Reggie Harris; Miss Tess and the Talkbacks; Joe Cookston and the Bluebird Jubilee with Peter Glanville; Cricket Tell the Weather; Spuyten Duyvil; and Walkabout Clearwater Chorus. The day also included activities for children and the Social Music Hour Workshop.The Dancing at Dusk series is the cornerstone of our family music programming. This year the series included four event dates, with "Balkan Hopping" with the Ivan Milev Band, the ensemble Hammerstep, "Afrika Womba" with the Wassa Pan Afrika Ensemble, and "A Highland Fling!" with Paul Woodiel and the Stormy Heather Band. The goal of this series is to introduce children, from toddlers to pre-teens, to a wide range of music genres in a welcoming and accessible manner.Open to the public from early summer through the beginning of November, In the Garden of Sonic Delights was a groundbreaking exhibit of 15 commissioned, site-specific sound art installations, 10 of which were on display at Caramoor and the remaining five at satellite locations throughout Westchester County. Sonic Delights built on Caramoor's many assets and rich tradition of experimentation to provide an entirely new way for visitors to experience our campus. For many of our concert-goers, it was an introduction to the sound art genre. It also brought new audiences to us and helped us to forge closer ties with five partnering cultural organizations: Jacob Burns Film Center in Pleasantville, the Hudson Valley Center for Contemporary Art in Peekskill, Lyndhurst in Tarrytown, Stone Barns Center for Food and Agriculture in Pocantico Hills, and the Neuberger Museum of Art in Purchase. Perhaps most importantly, it enabled a talented group of 16 artists to create new works, propelling the sound art genre forward.In 2014 the Fall Festival, curated by Colin and Eric Jacobsen, was a cross-genre infused weekend exploring the sounds of American roots, jazz, and classical music. It opened on September 19 with a performance by banjo virtuoso Bela Fleck and the string quartet Brooklyn Rider. The following day The Knights were joined by The Joshua Redman Quartet for an extraordinary program. The weekend closed with a family concert featuring The Knights with violinist Gil Shaham.Caramoor presents chamber music in the spring and fall in the intimate 200-seat Music Room. Performances in the spring 2014 series included artists from two of Caramoor's young artist mentoring programs: the Schwab Vocal Rising Stars and the Dover Quartet, the 2013-2014 Ernst Stiefel String Quartet-in-Residence. In addition, our Roots Music in the Music Room series continued with a performance by Aoife O'Donovan and the Stray Birds. 813372 73132 Rosen House, Gardens and Estate - See Schedule OThe Rosen House is a Mediterranean Revival villa at the center of the Caramoor campus. In recognition of the unsurpassed quality and great quantity of European period rooms incorporated into the fabric of the house, Caramoor was recognized as nationally significant on the National Register of Historic Places in 2011, a distinction that it shares with sites such as Vizcaya in Miami, FL and Hearst Castle in San Simeon, CA. Built in the 1930s, it is an incomparable concert venue, a unique classroom for visiting schoolchildren, and a haven for the creative growth of young musicians. In 2014, 2,478 people also visited the historic house for teas, musicales, and tours.Gardens and Estate: The 90-acre Caramoor campus, which was listed on the National Register of Historic Places at the state-wide level of significance in 2001 and at the national level of significance in 2011, is comprised of four primary buildings-today known as the Rosen House, the Administration Building, the Gifford Residence, and the Diane Moss Education Center-as well as ancillary buildings and landscape features, gardens, lawns, and woodland areas. A central focus of the campus is the Venetian Theater, a tented, 1,700-seat venue.45 acres of the campus is deer-fenced and open to the visiting public, including the Sunken Garden, established in 1912; a Mediterranean Revival pavilion; an allee of cedar trees; and a number of gardens designed in the 1930s by landscape architect and Katonah resident Robert Ludlow Fowler, Jr. The Caramoor estate provides an incomparable setting for our cultural programs by serving as a stage for music performances and contextualizing the concerts that occur here; providing a learning laboratory for arts-in-education and emerging artist programs; and providing an idyllic haven for more than 37,000 visitors annually. 751449 107186 Education - See Schedule OThe development of emerging artists is central to Caramoor's mission and woven into much of our programming. Through our five mentoring programs, we identify, train, and promote the next generation of vocal and instrumental artists. Each year, over 50 young musicians participate. Through these programs, we have worked with some of the finest musicians of the next generation and helped them cross the threshold from their student years into the early stages of their professional careers. For many of these artists, this is the beginning of a longstanding relationship with Caramoor, as they return throughout their careers to perform for our audiences.Evnin Rising StarsFor over two decades there has been an institutional focus on training instrumental artists. Pianist, conductor, and composer Andre Previn established the mentoring program now known as the Evnin Rising Stars at Caramoor in 1992; as his tenure at Caramoor concluded, conductor Peter Oundjian took on artistic leadership of the program. Since 2008 violinist Pamela Frank has acted as Artistic Director for the Evnin Rising Stars. Each fall, eight to ten instrumentalists come together with three distinguished artists-past musicians have included Atar Arad, Kim Kashkashian, Ani Kavafian, Marcy Rosen, Ronald Thomas, and Donald Weilerstein, among others-for a week of intensive chamber music rehearsals, coaching, and performances of works from the heart of the chamber music repertoire. At the end of the residency the musicians perform for audiences in the intimate Music Room of the historic Rosen House on Caramoor's campus, giving them valuable exposure and performance experience. The Evnin Rising Stars program has identified and brought over a hundred promising musicians to Caramoor. As the years have passed, alumni of the program have established themselves as artists in the world of classical music performance.In 2014, eight young Rising Stars partnered with three established musician mentors in a week-long residency program of coaching and rehearsals. The program culminated in two performances at Caramoor.Edward Arron & FriendsIn 1999 the program now known as Edward Arron & Friends grew out of the great success of Caramoor's Evnin Rising Stars young artist mentoring program. Over 100 instrumentalists on the cusp of their professional careers have participated in the Evnin Rising Stars in the last two decades; Edward Arron & Friends serves as a bridge between that opportunity and Caramoor's general music presenting programs. It has thus far enabled 57 young artists to return to Caramoor for a residency week during the Summer Music Festival as well as additional performance opportunities throughout the year. The program is led by cellist Edward Arron, who began his affiliation with Caramoor as a Rising Star, and is now the artistic director of both Edward Arron & Friends and the Metropolitan Museum Artists in Concert. Its focus is to foster the intimacy and immediacy of chamber music, cultivate collaborative music-making, and engage audiences in the excitement of musical performance.In 2014, six young artists participated in the residency program and performed twice during the year.Bel Canto Young ArtistsIn 1998 Will Crutchfield established the Bel Canto Young Artists program. Each year more than 30 young opera singers are chosen to receive rigorous training in bel canto singing and to fill solo performance slots that arise during the Summer Music Festival. Six weeks in length, the program includes daily group classes by Caramoor staff and guests. Members of the program also understudy the principal roles of each summer's operas, participating in full-scale rehearsals that provide them with the invaluable opportunity to test their skills in a complete part. They also gain performance experience and exposure with audiences in pre-opera recital concerts.In 2014, 34 young opera singers took part in this program. Activities included a six-week residency, a chamber recital, and two operas.Ernst Stiefel String Quartet-in-ResidenceIn 1999, with generous underwriting support from The Ernst C. Stiefel Foundation, Caramoor established a residency program for young chamber ensembles. In performing at Caramoor throughout the year, the quartet gains recognition and performance experience. In turn, the quartet hones their mentoring skills with didactic performances and workshops for approximately 1,000 area schoolchildren who attend as part of the Student Strings arts-in-education program. The quartet also partners with a young composer on a new commission which is premiered during Caramoor's Summer Music Festival.In 2014, the Dover Quartet completed its Stiefel residency with performances in the spring and summer. The Calidore String Quartet, the 2014-2015 Ernst Stiefel String Quartet-in-Residence, began its residency in the fall with a concert. In addition, more than 600 local schoolchildren participated in Student Strings, the arts-in-education program which is led by the quartet.Schwab Vocal Rising StarsThe Schwab Vocal Rising Stars, established in 2009 and under the artistic leadership of the New York Festival of Song's Steven Blier and Michael Barrett, is a program for young vocal artists. The initiative focuses on singing outside the realm of opera, including the song recital and vocal chamber music. The week-long residency offers intensive daily coaching, rehearsals, and workshops with mentors and leaders in the field and concludes with performances at Caramoor and at Merkin Concert Hall in New York City.In 2014, four singers and a pianist participated in the week-long Vocal Rising Stars program under the guidance of Michael Barrett and Steven Blier. The program culminated in two performances; the first at Caramoor and the second at Merkin Concert Hall in New York City.Arts-in-EducationSince 1986, Caramoor has provided students with arts enrichment opportunities that utilize our exceptional facilities, visiting artists, and dedicated staff, while meeting NYS education standards. We place an emphasis on reaching out to schools from under-resourced communities, in particular schools in Yonkers such as the Casimir Pulaski School, the Kahlil Gibran Elementary School, and Scholastic Academy. We welcomed 5,770 students to our campus in 2014, with over 40% of participants receiving funding support through fee waivers and bus transportation support.* A Day in the Renaissance: a day of learning period songs and dances; attending a performance by a commedia dell'arte group; exploring Caramoor's collection of Renaissance art; and observing the art of falconry.* What's in a House?: a two-day exploration of architecture, art, music, and horticulture. Students build their own architectural structures; compose their own music with professional musicians; explore the historic Rosen House; and engage in a workshop examining the historical use of herbs.* Chinese Arts and Culture: an in-depth introduction to Chinese culture explores Caramoor's collection of Asian art including silk wallpapers and jade sculpture; an east/west music workshop; hands-on art of brush painting; and a Chinese tea ceremony.* Student Strings: an in-school "Concert and Conversation" with our annual string quartet-in-residence; a clinic run by the quartet; and an invitation for the students to attend a performance by the quartet at Caramoor.* Design A Day: specifically tailored programs with grade-appropriate subject matter and curriculum requirements. 5173258 1 1 0 0 0 0 0 1 0 1 1 1 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 1 202 0 122 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CT X X Tammy Belanger CFO 9142328425 Caramoor Center 149 Girdle Ridge Rd Katonah NY 10536 Jonathan M Clark Trustee 2.00 X 0 0 0 David C Oxman Trustee 2.00 X 0 0 0 Elaine Schroeder Trustee 1.00 X 0 0 0 Eileen Caulfield Schwab Secretary thru April 2014 2.00 X X 0 0 0 Barry J Alperin Trustee 3.00 X 0 0 0 James A Attwood Jr Chairman 8.00 X X 0 0 0 Gail A Binderman Trustee 1.00 X 0 0 0 Lawrence Elow Trustee 1.00 X 0 0 0 Patricia Falkenberg Trustee 1.00 X 0 0 0 Susan W Freund Trustee 3.00 X 0 0 0 Michael E Gellert Trustee 2.00 X 0 0 0 E Robert Goodkind Trustee 1.00 X 0 0 0 Helene Grimaud Trustee thru April 2014 1.00 X 0 0 0 Sandra S Joys Trustee 6.00 X 0 0 0 Peter Kend Vice Chairman 4.00 X X 0 0 0 Nancy Offit Trustee 2.00 X 0 0 0 Richard H O'Leary Trustee 3.00 X 0 0 0 Mrs Andrew Saul Trustee 1.00 X 0 0 0 William Kelly Simpson Trustee thru April 2014 1.00 X 0 0 0 Angela Haines Secretary beginning May 2014 2.00 X X 0 0 0 Mary Ann Hawley Trustee 1.00 X 0 0 0 Kevin R Davis Trustee thru April 2014 1.00 X 0 0 0 Peter Nager Trustee 2.00 X 0 0 0 Judy Evnin Chairman Emerita 4.00 X 0 0 0 James Amine Trustee 1.00 X 0 0 0 Paul S Bird Treasurer 2.00 X X 0 0 0 William Cordiano Trustee 6.00 X 0 0 0 Nina Stanton Trustee 1.00 X 0 0 0 Richard Zinman Trustee 1.00 X 0 0 0 Jon Bauer Trustee 1.00 X 0 0 0 Jane Phillips Donaldson Trustee 1.00 X 0 0 0 Stephen J Jones Trustee 1.00 X 0 0 0 Floy B Kaminski Trustee 1.00 X 0 0 0 Cecilia Tay Kellie-Smith Trustee 1.00 X 0 0 0 Jeffrey P Haydon CEO 65.00 X 217071 0 18563 Paul H Rosenblum Managing Director 55.00 X 172828 0 23727 Nina Curley VP, Chief Development Officer 60.00 X 171720 0 19037 Tahra Millan VP, Chief Marketing Officer 55.00 X 105900 0 18337 Tammy Belanger VP, CFO 45.00 X 124264 0 19616 791783 0 99280 5 0 1 0 Orchestra of St Lukes 330 West 42nd Street New York NY 10036 Resident orchestra 617951 Beyer Blinder Belle Architects 120 Broadway New York NY 10271 Capital consultant 394213 Lawrence Weiner Associates 225 Mt Hope Blvd HastingsonHudson NY 10706 Advertising media 250000 Opus 3 Artists LLC 470 Park Avenue South New York NY 10022 Artists management 149000 Great Performances 304 Hudson Street New York NY 10013 Catering 136203 5 941857 270720 6340638 1109100 7553215 Ticket Sales 711190 1095633 1095633 1095633 554273 1560 552713 114439 121717 -7278 -7278 -7278 4174753 4045907 128846 128846 11049 117797 104625 941857 503401 -398776 -398776 16104 9817 6287 6287 Advertising 511190 113351 113351 113351 9045551 1101920 125960 264456 622946 251497 110001 261448 1448889 892973 232653 323263 49655 29002 11212 9441 151692 107865 37157 6670 159756 94002 27527 38227 75 75 37500 37500 20479 20479 5875 5875 313735 284741 3067 25927 166979 95195 23685 48099 177663 152054 8416 17193 135975 131620 2796 1559 11689 5474 5133 1082 241012 168708 18076 54228 129513 111074 13805 4634 Fees: Artist/tech, etc. 2117744 2053184 20808 43752 Equip Rntl Rpr & Maint 410342 311656 48598 50088 Production 184486 172522 2283 9681 Brochures & Programs 179310 161643 1296 16371 282193 150048 36202 95943 6847508 5173258 666644 1007606 506265 379743 26992 994946 177769 764877 6175 600 8574 6485 60595 24758 9310446 6239203 2420032 3071243 51267 104077 13782245 13417352 681370 681370 17721284 19445451 113377 95663 31371 50889 144748 146552 X 4206785 4554557 3764160 4196939 9605591 10547403 17576536 19298899 17721284 19445451 2198043 -475680 0 X X 0 1 X 1 0 X 2842451 3473840 4303556 10207096 7553215 28380158 2842451 3473840 4303556 10207096 7553215 28380158 10021886 18358272 304716 190437 221168 347573 668712 1732606 30112764 5493481 0.60970 0.62580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 681370 X 0 12705985 915156 183437 365316 13439262 7827755 4596306 901912 619988 12705985 7269755 762159 844185 1048344 7827755 8031496 337870 -50603 1049008 7269755 7794486 67555 830553 661098 8031496 0.05570 0.77880 0.16550 0 0 58531 58531 4794221 3069890 1724331 2907770 2149572 758198 1549924 1019741 530183 3071243 Alternative Investments 4009632 F U.S. Government Securities 1925819 F Equities - TIFF Multi-asset 7481901 F 13417352 X 9239002 -475680 54675 634935 213930 9025072 20479 20479 9045551 7516639 54675 634935 689610 6827029 20479 20479 6847508 Part III, Line 4: The historic Rosen House, with its period rooms and collections, was open to the public for tours in 2014. In addition, the archival materials are a great source of humanities research in a number of fields. One example is the documentation relating to the Rosens' patronage of Leon Theremin and championing of his early electronic music instrument. This material has been a source of study for theremin researchers, including Robert Moog, who began building theremins in the 1950s as a high school student and later went on to design the Moog synthesizer and Albert Glinsky, Theremin's biographer and the author of Theremin: Ether Music and Espionage. The collection of objects in the Rosen House demonstrate a tremendous breadth of art objects, furniture, and archival material, including European furniture from the 16th-19th centuries; European medieval and Renaissance paintings, sculpture, textiles, and decorative objects, and Asian statuary. There are also approximately 100 light fixtures and decorative elements by Edward F. Caldwell and Company dating from the 1930s. Other categories include photographs, textiles, early 20th-century costumes, and musical instruments. In addition, there is a wealth of ephemeral material relating to the Rosens, the development of the Caramoor campus, and the establishment of the Summer Music Festival. Objects displayed in the Music Room of the Rosen House-including a wooden 16th-century Italian ceiling, French and Swiss 16th-century stained glass, and 17th-century furniture-create an incomparable setting for music performances. Over seven thousand students and adults visit the Rosen House each year for tours. The Rosen House and its objects serve as inspiration for students in Caramoor's arts-in-education programs, such as A Day in the Renaissance, Chinese Arts & Culture, and What's in a House? for their own writing, drawing, and music-making. Part V, Line 4: Caramoor maintains various donor-restricted endowment funds and board designated quasi-endowment funds whose purpose is to provide long term support for its charitable programs. Part X, Line 2: Caramoor recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that Caramoor had no uncertain tax positions that would require financial statement recognition or disclosure. Caramoor is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to December 31, 2011. Part XI, Line 2d - Other Adjustments: Cost of goods sold reported on Part VIII, Line 10B - $9,817 Rental expenses reported on Part VIII, Line 6B - $121,717 Special event expense reported on Part VIII, Line 8b - $503,401 Part XII, Line 2d - Other Adjustments: Cost of goods sold reported on Part VIII, Line 10B - $9,817 Rental expenses reported on Part VIII, Line 6B - $121,717 Special event expense reported on Part VIII, Line 8b - $503,401 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, Investments 3067500 0 0 0 0 0 0 3067500 0 3067500 1 0 1 0 0 0 June Gala 583070 500820 82250 55761 85694 35403 29899 Wine Benefit 329252 319852 9400 11786 23767 4181 178556 2 134160 121185 12975 11145 5211 7026 54972 1046482 941857 104625 78692 114672 46610 263427 503401 -398776 X X X X 0 0 0 0 0 0 0 0 0 Jeffrey P Haydon CEO 217071 0 0 0 0 0 0 0 18563 0 235634 0 0 0 Paul H Rosenblum Managing Director 172828 0 0 0 0 0 8500 0 15227 0 196555 0 0 0 Nina Curley VP, Chief Development Officer 171720 0 0 0 0 0 0 0 19037 0 190757 0 0 0 X 10 819975 FMV@Date of Donation X 14 255125 FMV@Date of Donation X Grand Piano 1 24000 FMV@Date of Donation X lighting equipment 1 10000 FMV@Date of Donation 1 0 1 0 Part I, Column (b): The number of contributors is in column (b). Form 990, Part VI, Section B, line 11 The prepared Form 990 is reviewed by senior management, the members of the Audit Committee, and then provided to the Board of Trustees prior to filing. Management, the Audit Committee members, and the independent auditors review and discuss the return. If necessary, the independent auditors submit an updated Form 990 to the CFO. The CFO confirms that the updates are accurate and posts the final draft to Drop Box. The URL address for the Drop Box file is circulated to the Board. The Chair of the Audit Committee delivers the Committee report on the preparation and review of the 990 to the Board and recommends the form 990 be filed. When no further changes are to be made, the Form 990 is filed. Form 990, Part VI, Section B, line 12c Caramoor followed its conflict of interest policy. A conflict of interest disclosure statement shall be furnished annually by each trustee and each covered employee disclosing any anticipated or possible conflict situations. Covered employees are senior employees and other employees who have a decision making role in hiring or contracting. Each new trustee shall be advised of the policy and furnished a disclosure statement upon undertaking the duties of such office. When any conflict of interest may be involved in a transaction requiring action by the Board of Trustees or committee of the Board, the interested person shall call it to the attention of the Board of Trustees or such committee and the trustee concerned shall not vote on the matter. Moreover, the person having a conflict shall retire from the room in which the Board or committee is meeting and may not participate in the final deliberation or decisions regarding the matter under consideration. However, that person may provide the Board committee with any and all relevant information before retiring. The minutes of the meeting 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 discussion or vote and did not vote. When there is a doubt as to whether a conflict of interest exists, the matter shall be resolved by the Board of Trustees excluding the person whose situation will be discussed. When any conflict of interest may be involved in a matter involving an employee, such employee shall notify the Board of Trustees and the Chief Executive Officer of Caramoor. The Board of Trustees may waive any disclosed conflict if it determines such waiver to be in the best interests of Caramoor. Form 990, Part VI, Section B, line 15 Caramoor has a formal Compensation Committee which reviews annually salaries, bonuses, and benefits for all Caramoor employees. The Committee pays special attention to the positions of CEO, Managing Director, CDO, CFO, and CMO. Annual reviews include self-assessment by the employee, the employee's supervisor, and recommendations from the CEO. The CEO also receives a review from the Compensation Committee. Trustees that sit on the Compensation Committee have all signed "conflict of interest" declarations, and do so annually. The Committee reviews salaries and compensation for similar sized arts organizations in the New York area, and nationally, and uses this information in their decision making. Minutes of the Committee's deliberations and decisions are forwarded to the CFO to be carried out and filed. The last meeting of the Compensation Committee took place on November 12, 2015. Form 990, Part VI, Section C, line 18 The Organization makes its Form 990 and Form 1023 available for public inspection as required under Section 6104 of the Internal Revenue Code by posting it on guidestar.org and other similar types of websites. Form 990, Part VI, Section C, line 19 Caramoor's governing documents are made available to the public upon request and are available for inspection at the finance office. Caramoor's conflict of interest policy is made available to the public upon request and is available for inspection at the finance office. Caramoor's 2014 financial statements will be made available to the public on the organization's website and upon request for inspection at the finance office. Form 990, Part XI, Line 2C: The Organization has a committe that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year. Form 990, Part VI, Line 4: Caramoor is in the process of revising its bylaws to align them with the components of the New York State Nonprofit Revitalization Act of 2014. They are expected to be approved by the end of 2015. Form 990, Part I, Line 6: Through their generous commitment of time, enthusiasm, and expertise, Caramoor benefits from the contributions of volunteers throughout the year. In 2014, over 200 people volunteered part-time at Caramoor in a variety of capacities. This number reflected the scope of Caramoor's presenting activities and educational programs, in addition to the availability of the volunteers themselves. The majority of volunteers act as ushers at Caramoor's year-round music presentations. They are often the public face of Caramoor, acting as greeters, helping audience members to their seats, and helping ensure the visiting public's safety and comfort. * 25-40 ushers work at each concert in the Venetian Theater * 16-20 ushers work at each concert in the Spanish Courtyard * 10 ushers work at each concert in the Music Room * 10 ushers work at each Dancing at Dusk concert on Friends' Field * 10 ushers work at each concert in the Sunken Garden Volunteers also play a major role in Caramoor's arts-in-education programs. They give tours of the collection, lead various elements of each program, and help children and teachers through the campus. They also provide guidance during public tours of the Rosen House as well as performing clerical duties and undertaking cataloging projects. Caramoor's Board of Trustees is responsible for the organization's governance, long-term strategy, and fiduciary oversight, while the senior staff is responsible for the day-to-day operation of Caramoor, including management and recommending annual budgets to the board. The board and staff work collaboratively in setting priorities for the organization's future. Caramoor's board members come from diverse backgrounds and bring a wide range of professional expertise. By serving on various committees, including Finance, Building, Marketing, Development, and more, our board members act as fully engaged stewards of Caramoor's mission. Nearly 100% of the board participates personally by making major contributions to support annual operating costs as well as fundraising for Caramoor. Additionally, individual board members support the organization through the establishment of endowment funds and contributions toward capital projects.