2013-11-14T17:47:50-06:00 2012-12-31 861065772 DELOITTE TAX LLP TWO JERICHO PLAZA JERICHO NY 11753 990 2012-01-01 132805582 THE PALEY CENTER FOR MEDIA PALE 2126216740 25 WEST 52 STREET NEW YORK NY 10019 JOHN LANAWAY 2126216740 2013-11-14 1 CHRISTINE KAWECKI P00743140 5169187000 2013-11-14 2012 2016-02-24 21:20:13Z PAT MITCHELL 25 WEST 52 STREET NEW YORK NY 10019 14033026 0 X WWW.PALEYCENTER.ORG X 1975 NY SEE SCHEDULE O. 53 52 146 10 141640 0 10639327 10562798 1120803 1199107 383061 871617 561746 289844 12704937 12923366 0 0 0 0 8075595 8224718 0 0 2308810 10268966 12232335 18344561 20457053 -5639624 -7533687 110640718 112593317 3137036 3608392 107503682 108984925 X SEE SCHEDULE O. 0 0 9192201 715926 SEE SCHEDULE O. 2041481 177192 SEE SCHEDULE O. 2025068 88323 SEE SCHEDULE O. 1352888 464304 IN 2012, THE UNIVERSITY SEMINAR SERIES WAS MADE AVAILABLE TO OUR UNIVERSITY NETWORK OF OVER 600 SCHOOLS ON DEMAND AND LIVE STREAMING SEMINARS AND EVENTS ARE AVAILABLE ON OUR WEBSITE FOR VIEWING IN THEIR ENTIRETY TO PROFESSORS AND STUDENTS THROUGHOUT THE YEAR. IN 2012, THE PALEY CENTER'S GROUP EDUCATION PROGRAM, WHICH SERVES STUDENTS, SCHOOL EDUCATORS AND ADMINISTRATORS, FAMILIES, AND CAMP AND COMMUNITY GROUPS FROM THE NEW YORK METROPOLITAN AREA AND BEYOND - ENCOMPASSING A CLASS PROGRAM, DISTANCE LEARNING PROGRAM, AND PROFESSIONAL DEVELOPMENT WORKSHOPS FOR TEACHERS AND ADMINISTRATORS, AS WELL AS SPECIAL EDUCATION INITIATIVES AND MULTI-PART PROGRAMS - SERVED APPROXIMATELY 10,000 STUDENTS, TEACHERS, AND FAMILIES. THE DISTANCE LEARNING PROGRAM REACHED CLASSROOMS IN 14 STATES, AS WELL AS TWO PROVINCES IN CANADA. DIGITAL AND DVD SALES OF SEMINARS AND PROGRAMS TO EDUCATE THE GENERAL PUBLIC. 1352888 464304 14611638 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 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 1 119 0 1 146 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 53 52 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 CA NY X SIMON LAZOWSKY 2126216740 25 WEST 52 STREET NEW YORK NY 10019 DANIEL L MOSLEY 1.00 X 0 0 0 FRANK A BENNACK JR 1.00 X 0 0 0 GORDON CRAWFORD 1.00 X 0 0 0 GUSTAVE M HAUSER 1.00 X 0 0 0 MEL KARMAZIN 1.00 X 0 0 0 KAY KOPLOVITZ 1.00 X 0 0 0 JUDY HART ANGELO 1.00 X 0 0 0 WALLIS ANNENBERG 1.00 X 0 0 0 LOREEN ARBUS 1.00 X 0 0 0 TIM ARMSTRONG 1.00 X 0 0 0 NIKESH ARORA 1.00 X 0 0 0 GARY B BETTMAN 1.00 X 0 0 0 GLENN BRITT 1.00 X 0 0 0 KIM CATTRALL 1.00 X 0 0 0 PETER CHERNIN 1.00 X 0 0 0 CESAR CONDE 1.00 X 0 0 0 JOAN GANZ COONEY 1.00 X 0 0 0 PHILIPPE DAUMAN 1.00 X 0 0 0 RONALD R DAVENPORT SR 1.00 X 0 0 0 TAMI ERWIN 1.00 X 0 0 0 PATRICIA FILI-KRUSHEL 1.00 X 0 0 0 JAMES L GREENWALD 1.00 X 0 0 0 LEO HINDERY JR 1.00 X 0 0 0 ROBERT A IGER 1.00 X 0 0 0 HENRY A KISSINGER 1.00 X 0 0 0 SCOTT KURNIT 1.00 X 0 0 0 JOSHUA KUSHNER 1.00 X 0 0 0 DEBRA LEE 1.00 X 0 0 0 TED LEONSIS 1.00 X 0 0 0 KEN LOWE 1.00 X 0 0 0 JOHN W MADIGAN 1.00 X 0 0 0 BURT MANNING 1.00 X 0 0 0 JOHN K MARTIN JR 1.00 X 0 0 0 BARRY M MEYER 1.00 X 0 0 0 JONATHAN MILLER 1.00 X 0 0 0 LESLIE MOONVES 1.00 X 0 0 0 WILLIAM C PALEY 1.00 X 0 0 0 NORMAN PEARLSTINE 1.00 X 0 0 0 DAN RATHER 1.00 X 0 0 0 SUMNER REDSTONE 1.00 X 0 0 0 GEOFFREY K SANDS 1.00 X 0 0 0 TERRY SEMEL 1.00 X 0 0 0 STANLEY S SHUMAN 1.00 X 0 0 0 ROBERT FX SILLERMAN 1.00 X 0 0 0 DAVID J STERN 1.00 X 0 0 0 HOWARD STRINGER 1.00 X 0 0 0 ROSALIND P WALTER 1.00 X 0 0 0 BARBARA WALTERS 1.00 X 0 0 0 BLAIR WESTLAKE 1.00 X 0 0 0 DICK WOLF 1.00 X 0 0 0 DAVID ZASLAV 1.00 X 0 0 0 JEFF ZUCKER 1.00 X 0 0 0 PAT MITCHELL 35.00 X X 689632 0 57170 DIANE LEWIS 35.00 X 251750 0 66222 JOHN WOLTERS 35.00 X 289880 0 43036 JAMES ROBINS 35.00 X 247491 0 56192 JENNIFER JUZAITIS 35.00 X 204936 0 23626 SIMON LAZOWSKY 35.00 X 141876 0 40480 DOUG WARNER 35.00 X 138393 0 36695 DOUG GIBBONS 35.00 X 122710 0 47696 ELLEN O'NEILL 35.00 X 128412 0 26009 JENNIFER STYBEL 35.00 X 124511 0 18240 ERIN GROMEN 35.00 X 113970 0 16853 2453561 0 432219 19 0 1 0 PBM LLC 360 LEXINGTON AVE NEW YORK NY 10017 BUILDING ENGINNER, HANDYMAN AND JANITORI 521489 LEESER ARCHITECTURE 20 JAY STREET BROOKLYN NY 11201 ARCHITECT 368970 SCOLNICK ENTERPRISES 441 CARROLL CANAL VENICE CA 90291 CONSULTING 229007 T&M PROTECTION PO BOX 5218 NEW YORK NY 100875218 SECURITY 173498 JANET GOLDSMITH LLC 225 FIFTH AVENUE NEW YORK NY 10010 CONSULTING 163260 6 1531291 11955 9019552 45857 10562798 THEATER/GALLERY TICKET 711300 715926 715926 COLLECTION 711300 177192 177192 INDUSTRY PROGRAMS 711300 88323 88323 EDUCATIONAL PROGRAMS 711300 48477 48477 DIGITAL & DVD PROGRAM 711300 44754 44754 124435 124435 1199107 626978 626978 829750 0 829750 829750 96886 732864 671823 427184 244639 244639 244639 142570 1531291 682476 -539906 -539906 12923366 1154353 141640 1064575 2109297 805475 968127 335695 4707357 3537910 436688 732759 186057 134957 22083 29017 795043 543275 127383 124385 426964 271720 88211 67033 102787 102787 92000 92000 526234 279951 177219 69064 226437 104938 95610 25889 352662 226958 71426 54278 3855210 2492089 809510 553611 122699 78085 25350 19264 6595 4197 1363 1035 2140224 1652803 276956 210465 264274 168184 54599 41491 EVENTS 2501301 2501301 0 0 TELEVISION SPECIALS 1093086 1093086 0 0 PALEY FESTIVAL 499223 499223 0 0 REPAIRS AND MAINTENANCE 164660 104789 34019 25852 284943 112697 153274 18972 20457053 14611638 3536605 2308810 5214 9442 3836235 2059831 12919232 12588397 255986 339124 72643142 39379828 33711573 33263314 59612670 64115626 299808 217583 110640718 112593317 1749747 2481049 754539 341028 632750 786315 3137036 3608392 X 46085516 46659654 15387543 12865439 46030623 49459832 107503682 108984925 110640718 112593317 -7533687 9014930 0 X 0 1 X 1 0 X 19877023 12174186 12370600 10639327 10562798 65623934 19877023 12174186 12370600 10639327 10562798 65623934 11761990 53861944 770852 611988 408258 934388 1359842 4085328 205164 181005 159570 259002 142570 947311 70656573 4230570 0.76230 0.82000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 61418166 1649321 7512037 8254253 62325271 61552017 2660144 3356407 6150402 61418166 70833682 673390 7701635 17656690 61552017 63970723 6806631 8896767 8840439 70833682 90455909 5037880 -15267585 16255481 63970723 0.79360 0.20640 0 0 12132590 12132590 31676421 16992941 14683480 12990628 12734494 256134 15843503 9652393 6191110 33263314 OTHER LONG TERM LIABILITIES 786315 786315 22796050 9014930 857754 9872684 12923366 0 12923366 21314807 857754 857754 20457053 0 20457053 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE FOR THE FINANCIAL SUPPORT AND THE THE PROMOTION OF THE ACTIVITIES OF THE PALEY CENTER FOR MEDIA. THIS INCLUDES THE EXPANSION OF THE COLLECTIONS HELD. NY GALA 913000 835530 77470 102917 300456 LA GALA 760861 695761 65100 160000 119102 1673861 1531291 142570 262917 419558 682475 -539905 X 0 1 X X X 0 0 0 0 0 0 0 0 0 PAT MITCHELL 687918 0 0 0 1714 0 10000 0 47170 0 746802 0 0 0 DIANE LEWIS 251390 0 0 0 360 0 20000 0 46222 0 317972 0 0 0 JOHN WOLTERS 286832 0 0 0 3048 0 10000 0 33036 0 332916 0 0 0 JAMES ROBINS 246459 0 0 0 1032 0 10000 0 46192 0 303683 0 0 0 JENNIFER JUZAITIS 204696 0 0 0 240 0 8355 0 15271 0 228562 0 0 0 SIMON LAZOWSKY 141876 0 0 0 0 0 6193 0 34287 0 182356 0 0 0 DOUG WARNER 137841 0 0 0 552 0 5894 0 30801 0 175088 0 0 0 DOUG GIBBONS 119662 0 0 0 3048 0 15671 0 32025 0 170406 0 0 0 ELLEN O'NEILL 127865 0 0 0 547 0 8083 0 17926 0 154421 0 0 0 X FOOD/BEVERAGE 5 45857 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS DETERMINED BY THE NUMBER OF CONTRIBUTORS. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 THE PALEY CENTER FOR MEDIA IS THE PREMIER INSTITUTION DEDICATED TO ADVANCING THE UNDERSTANDING OF MEDIA-ITS ARTISTIC VALUE, SOCIAL IMPACT AND HISTORICAL IMPORTANCE-FOR THE PUBLIC AND MEDIA PROFESSIONALS. DESCRIPTION OF ORGANIZATION'S MISSION: FORM 990, PART III, LINE 1 THE PALEY CENTER FOR MEDIA IS THE PREMIER INSTITUTION DEDICATED TO ADVANCING THE UNDERSTANDING OF MEDIA - ITS ARTISTIC VALUE, SOCIAL IMPACT, AND HISTORICAL IMPORTANCE FOR THE PUBLIC AND MEDIA PROFESSIONALS. THE PALEY CENTER, WITH LOCATIONS IN NEW YORK AND LOS ANGELES, IS HOME TO THE NATION'S FOREMOST PUBLIC ARCHIVE OF TELEVISION AND RADIO PROGRAMMING, A COLLECTION OF MORE THAN 150,000 PROGRAMS COVERING ALMOST 100 YEARS OF TELEVISION AND RADIO HISTORY, INCLUDING NEWS, PUBLIC AFFAIRS PROGRAMS, DOCUMENTARIES, PERFORMING ARTS PROGRAMS, CHILDREN'S PROGRAMMING, SPORTS, COMEDY AND VARIETY SHOWS, AND COMMERCIAL ADVERTISING. DRAWING UPON THIS COLLECTION AND ITS UNPARALLELED CURATORIAL EXPERTISE, THE PALEY CENTER CONVENES THE PUBLIC, INDUSTRY PROFESSIONALS, THOUGHT LEADERS, AND THE CREATIVE COMMUNITY FOR A BROAD RANGE OF FORUMS - MORE THAN 100 A YEAR - THAT EXPLORE MEDIA'S PAST AND PRESENT AND ANTICIPATE ITS FUTURE. THE PALEY CENTER'S PUBLIC PROGRAMS EXAMINE AND CELEBRATE THE CREATIVITY, THE INNOVATIONS, THE PERSONALITIES, AND THE LEADERS WHO ARE SHAPING MEDIA. THROUGHOUT THE YEAR, THE PALEY CENTER HOSTS DISCUSSIONS WITH INFLUENTIAL NEWSMAKERS, JOURNALISTS, AND THOUGHT LEADERS ON TODAY'S IMPORTANT ISSUES, AS WELL AS CELEBRATING EXCELLENCE IN DRAMA, COMEDY, AND DOCUMENTARY FILM WITH A RANGE OF EVENTS THAT EXAMINE THE CREATIVE PROCESS BEHIND GREAT ENTERTAINMENT. ANNUAL PUBLIC PROGRAMMING HIGHLIGHTS INCLUDE THE POPULAR WILLIAM S. PALEY TELEVISION FESTIVAL HELD IN LOS ANGELES AND AN ANNUAL DOCUMENTARY FESTIVAL IN NEW YORK. EDUCATIONAL OUTREACH EFORTS, SUCH AS THE UNIVERSITY SEMINAR SERIES, BRING SELECT PALEY CENTER DISCUSSIONS INTO CLASSROOMS ACROSS THE COUNTRY USING THE INTERNET TO CONNECT WITH A NETWORK OF MORE THAN 600 SCHOOLS THROUGHOUT THE COUNTRY. THROUGH THE INDUSTRY PROGRAMS OF ITS MEDIA COUNCIL AND INTERNATIONAL COUNCIL, THE PALEY CENTER ALSO SERVES AS A NEUTRAL SETTING WHERE MEDIA PROFESSIONALS CAN ENGAGE IN DISCUSSION AND DEBATE ABOUT THE EVOLVING MEDIA LANDSCAPE. PUBLIC PROGRAMS: FORM 990, PART III, LINE 4A THROUGHOUT THE YEAR, THE PALEY CENTER PRESENTS LIVE EVENTS WITH THE OBJECTIVE TO BRING TOGETHER THE BRIGHTEST THINKERS AND MOST COMPELLING MEDIA PERSONALITIES - DISTINGUISHED PERFORMERS, WRITERS, PRODUCERS, EXECUTIVES, DIRECTORS, CRITICS, AND JOURNALISTS - TO EXPLORE THE GROWING IMPACT OF MEDIA ON OUR LIVES, CULTURE, AND SOCIETY BEFORE, AND WITH, A PUBLIC AUDIENCE. EACH 90 MINUTE SEMINAR TYPICALLY INCLUDES A MODERATED DISCUSSION WITH PANELISTS, SCREENING OF CLIPS FROM THE PALEY CENTER'S COLLECTION, AND A QUESTION-AND-ANSWER SESSION TO GIVE THE GENERAL PUBLIC THE OPPORTUNITY TO PARTICIPATE IN THE DIALOGUE. DURING 2012, THE PALEY CENTER SCHEDULED 120 PUBLIC EVENTS, INCLUDING EVENTS THAT WERE PART OF ITS ACCLAIMED WILLIAM S. PALEY TELEVISION FESTIVAL, A DOCUMENTARY FESTIVAL, AND THE ROBERT M. BATSCHA UNIVERSITY SEMINAR SERIES. COLLECTION: FORM 990, PART III, LINE 4B ON AN ONGOING BASIS, THE PALEY CENTER ENHANCES THE VALUE OF ITS UNIQUE COLLECTION BY ACQUIRING PROGRAMS CONSISTENT WITH OUR MISSION TO PRESERVE AND PRESENT THE MOST ACCLAIMED AND ARTISTICALLY ACCOMPLISHED TELEVISION, RADIO, AND NEW-MEDIA PROGRAMS AND COMMERCIALS, AS WELL AS THOSE DEEMED BY OUR CURATORIAL DEPARTMENT TO BE CULTURALLY, HISTORICALLY, AND/OR SOCIALLY IMPACTFUL. THROUGH SOURCES THAT INCLUDE NETWORKS, PRODUCTION COMPANIES, LOCAL STATIONS, AND PRIVATE INDIVIDUALS, THE COLLECTION CURRENTLY HOLDS OVER 150,000 PROGRAMS AND ADVERTISEMENTS, WITH WORKS FROM MORE THAN SEVENTY COUNTRIES CAPTURING CLOSE TO A CENTURY OF AMERICAN AND INTERNATIONAL CULTUREAL, POLITICAL, AND SOCIAL HISTORY. RECENT EFFORTS TO IMPLEMENT DIGITAL TECHNOLOGY AND DISTRIBUTION ARE ENABLING THE PALEY CENTER TO ENSURE THE CONTINUED PRESERVATION AND ACCESS OF THE COLLECTION, DEVELOP AND INSTALL A DIGITAL ASSET MANAGEMENT SYSTEM - THE MEANS THROUGH WHICH ONSITE VISITORS HAVE ACCESS TO OUR DIGITIZED COLLECTION, AND PROVIDE OFFSITE ACCESS TO THE COLLECTION THROUGH THE PALEY CENTER'S WEBSITE AND PARTNERSHIPS WITH OTHER EDUCATIONAL INSTITUTIONS. THE PALEY CENTER ACQUIRES ANNUALLY FOR ITS COLLECTION APPROXIMATELY 2,000 PROGRAMS, ENCOMPASSING TELEVISION, RADIO, COMMERCIALS, AND NOW NEW MEDIA AS WELL. ALSO IN 2012, THE PALEY CENTER SERVED OVER 21,000 VISITORS USING THE PALEY LIBRARIES TO ACCESS THE PALEY COLLECTION. INDUSTRY PROGRAMS: FORM 990, PART III, LINE 4C THROUGH THE INDUSTRY PROGRAMS OF ITS MEDIA COUNCIL AND INTERNATIONAL COUNCIL, AND ENCOMPASSING PRIVATE EVENTS AND PANEL DISCUSSIONS, THE PALEY CENTER SERVES AS A NEUTRAL SETTING WHERE MEDIA PROFESSIONALS CAN ENGAGE IN DISCUSSION AND DEBATE ABOUT THE EVOLVING MEDIA LANDSCAPE. THE PALEY CENTER'S MEDIA COUNCIL IS A MEMBERSHIP ORGANIZATION COMPOSED OF SENIOR-LEVEL EXECUTIVES THAT SERVES AS AN INTELLECTUAL CENTER FOR THE MEDIA INDUSTRY AND A FORUM FOR DISCUSSING MAJOR ISSUES FACING THE WORLD'S MEDIA, COMMUNICATIONS, AND TECHNOLOGY INDUSTRIES. SERVING THE GLOBAL MEDIA LANDSCAPE, THE PALEY CENTER'S INTERNATIONAL COUNCIL CONNECTS LEADING MEDIA EXECUTIVES, REPRESENTING EIGHTEEN COUNTRIES, WITH THEIR U.S. PEERS TO FOSTER PARTNERSHIPS AND SHARE INSIGHTS ON THE CHALLENGES AND OPPORTUNITIES IN THE INTERNATIONAL MEDIA MARKETPLACE, USUALLY MEETING TWICE PER YEAR. DURING 2012, THE PALEY CENTER HELD 31 MEDIA COUNCIL EVENTS, SERVING 2,145 ATTENDEES. THE INTERNATIONAL COUNCIL CONVENED IN NEW YORK WITH A TOTAL OF 176 PARTICIPANTS. FORM 990, PART VI, SECTION A, LINE 2 CURRENT DIRECTORS JOHN K. MARTIN AND BARRY MEYER HAVE A BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 11 THE PALEY CENTER FOR MEDIA FORM 990 WAS REVIEWED IN DETAIL BY THE ORGANIZATION'S CONTROLLER AND CFO PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE FORM 990 WILL BE PROVIDED TO EACH OF THE ORGANIZATION'S BOARD OF TRUSTEES MEMBERS IN ELECTRONIC FORMAT. FORM 990, PART VI, SECTION B, LINE 12C THE PALEY CENTER FOR MEDIA REQUIRES ALL BOARD OF TRUSTEE MEMBERS, KEY EMPLOYEES AND OFFICERS TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE THAT IS DESIGNED TO UNCOVER POTENTIAL CONFLICTS WITH PALEY ITSELF AND BETWEEN BOARD OF TRUSTEE MEMBERS, KEY EMPLOYEES AND OFFICERS. THE QUESTIONNAIRES ARE COMPILED, MONITORED AND REVIEWED INTERNALLY AND ANY POTENTIAL CONFLICTS ARE ADDRESSED AND RESOLVED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15A THE PALEY CENTER FOR MEDIA UNDERTAKES A THOROUGH AND COMPREHENSIVE PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIAL (CEO) IS REASONABLE. PALEY HAS AN EXECUTIVE AND COMPENSATION COMMITTEE IN PLACE TO DETERMINE THE CEO'S COMPENSATION, THE COMMITTEE IS PREDOMINANTLY COMPRISED OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. THE CEO IS A MEMBER OF THE EXECUTIVE COMMITTEE BUT SHE RECUSES HERSELF FROM ANY DISCUSSION AND/OR DECISIONS MADE REGARDING HER OWN COMPENSATION. THE COMMITTEE MAY UTILIZE IMPARTIAL SURVEYS OR OTHER DATA TO DETERMINE THE REASONABLENESS OF THE CEO'S COMPENSATION ONCE THE DETERMINATION HAS BEEN MADE, THE BOARD'S DECISION IS MEMORIALIZED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE PALEY CENTER FOR MEDIA FORM 990 WAS REVIEWED IN DETAIL BY THE ORGANIZATION'S CONTROLLER AND CFO PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE FORM 990 WILL BE PROVIDED TO EACH OF THE ORGANIZATION'S BOARD OF TRUSTEES MEMBERS IN EITHER A PAPER OR ELECTRONIC FORMAT. THE PALEY CENTER FOR MEDIA MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY ON THE SAME BUSINESS DAY. THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION.