2013-08-13T15:46:07-05:00 2012-12-31 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2012-01-01 136144356 INTERNATIONAL TENNIS HALL OF FAME INCORPORATED INTE 4018493990 194 BELLEVUE AVENUE NEWPORT RI 02840 MARK L STENNING 4018493990 2013-08-13 1 DEBORAH A HOPKINS P00167843 4012742001 2012 2016-02-24 21:20:13Z MARK L STENNING 194 BELLEVUE AVENUE NEWPORT RI 02840 22989120 0 X WWW.TENNISFAME.COM X 1951 RI TO PRESERVE THE HISTORY AND HERITAGE OF TENNIS, EDUCATE THE PUBLIC AND CONSERVE NEWPORT 75 72 134 144 -4132 -4132 1545719 2993523 3544382 3438706 930527 3719277 273999 432166 6294627 10583672 0 0 0 0 2634318 2726053 0 0 798467 4053166 4152986 6687484 6879039 -392857 3704633 44863502 49798216 1055239 2262942 43808263 47535274 X TO HONOR THE HEROES AND HEROINES OF TENNIS THROUGH ENSHRINEMENT, TO OPERATE A MUSEUM, TO FOSTER AN APPRECIATION OF TENNIS HISTORY, TO PRESENT TOURNAMENTS AND TENNIS-RELATED ACTIVITIES FOR THE ENJOYMENT OF THE PUBLIC, TO PROMOTE THE SPORT OF TENNIS, AND TO PRESERVE AN HISTORIC THEATRE. 0 0 1445648 1582855 TENNIS TOURNAMENT - THE HALL OF FAME TENNIS CHAMPIONSHIPS IS AN ATP WORLD TOUR EVENT HOSTED ANNUALLY ON THE HISTORIC GRASS COURTS OF THE INTERNATIONAL TENNIS HALL OF FAME. THE TOURNAMENT DRAWS 32 OF THE TOP MALE PLAYERS IN THE WORLD COMPETING FOR THE VAN ALEN CUP. THE TOURNAMENT IS THE ONLY ATP WORLD TOUR STOP IN THE NORTHEAST AND THE ONLY EVENT TO BE PLAYED ON GRASS COURTS IN NORTH AMERICA. 836888 1066098 TENNIS COURTS - THE INTERNATIONAL TENNIS HALL OF FAME IS TRULY UNIQUE IN THAT IT IS ONE OF THE ONLY HALL OF FAME SPORTING VENUES WHERE THE PUBLIC CAN ACTUALLY PLAY THE SPORT - TENNIS - ON HALL OF FAME GROUNDS. PLAYERS OF EVERY AGE AND ANY ABILITY LEVEL HAVE THE OPPORTUNITY TO PLAY TENNIS ON THE HALL OF FAME'S LEGENDARY GRASS COURTS, WHERE THE FIRST US NATIONAL TENNIS CHAMPIONSHIPS WERE HELD IN 1881. TENNIS CHAMPIONS PAST AND PRESENT HAVE GRACED THE HALL OF FAME'S GRASS COURTS INCLUDING BILLIE JEAN KING, ROD LAVER, BILL TILDEN, MARTINA NAVRATILOVA, JOHN MCENROE, BJORN BORG, TONY TRABERT, VIRGINIA WADE, TRACY AUSTIN, CHRIS EVERT, JOHN NEWCOMBE, STAN SMITH, ANDRE AGASSI, AND PETE SAMPRAS - JUST TO NAME A FEW. 1224245 616619 ENSHRINEMENT - THE INTERNATIONAL TENNIS HALL OF FAME & MUSEUM (ITHF&M) WAS ESTABLISHED IN 1954 AT THE NEWPORT CASINO AS A "SHRINE TO THE IDEALS OF THE GAME". ORIGINALLY NAMED THE NATIONAL LAWN TENNIS HALL OF FAME, IT WAS SANCTIONED BY THE UNITED STATES TENNIS ASSOCIATION IN 1954. THE FIRST CLASS WAS INDUCTED INTO THE HALL OF FAME IN 1955. IN 1986, WE ACHIEVED WORLDWIDE RECOGNITION AS THE SPORT'S OFFICIAL HALL OF FAME BY THE INTERNATIONAL TENNIS FEDERATION. INDIVIDUALS ARE ELECTED BASED ON THEIR RECORDS OF COMPETITIVE ACHIEVEMENT, WITH ANCILLARY CONSIDERATION GIVEN TO SPORTSMANSHIP AND CHARACTER. INDIVIDUALS ARE ELECTED IN ONE OF THREE CATEGORIES: RECENT PLAYER, MASTER PLAYER, AND CONTRIBUTOR. A SERIES OF VOTING PANELS REPRESENTING THE INTERNATIONAL TENNIS COMMUNITY VOTE TO ELECT THESE INDIVIDUALS FOR INDUCTION. THE INDUCTION CEREMONY OCCURS ON BILL TALBERT CENTER COURT DURING THE CAMPBELL'S HALL OF FAME CHAMPIONSHIPS. THE MUSEUM, HOUSED IN THE NEWPORT CASINO, BUILT BY JAMES GORDON BENNETT IN 1880, WAS DESIGNED BY THE ARCHITECTURAL FIRM MCKIM, MEAD & WHITE,DECLARED A NATIONAL HISTORIC LANDMARK IN 1987, AND BECAME THE FIRST SPORTS HALL OF FAME TO BE ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS IN 2013. THE HISTORIC NEWPORT CASINO IS AN UNCOMMON EXAMPLE OF SPORTING EXCELLENCE. THE EXHIBITS HIGHLIGHT THE GROWTH AND DEVELOPMENT OF TENNIS THROUGH THE 21ST CENTURY, WITH A PARTICULAR EMPHASIS ON ITS CULTURAL IMPACT. THE STORIES OF OUR HALL OF FAMERS, FROM OUR FIRST CLASS IN 1955 TO TODAY, ARE TOLD THROUGHOUT THE GALLERIES PROVIDING PERSONAL INSIGHT INTO THE HISTORICAL DEVELOPMENTS OF THE GAME. THE EXHIBITS ARE DRAMATICALLY SET IN THE ORIGINAL ROOMS OF THE NEWPORT CASINO, WHERE VISITORS OF ALL AGES CAN DELIGHT IN STANFORD WHITE'S ARCHITECTURAL DETAIL. THE WOOLARD FAMILY ENSHRINEMENT GALLERY HONORS THE GREATEST CHAMPIONS, INNOVATORS,AND ADMINISTRATORS OF TENNIS WHO HAVE BEEN INDUCTED INTO THE HALL OF FAME. 1312031 173134 OTHER PROGRAM SERVICES EXPENSES ARE BUILDING EXPENSES AND DEPRECIATION FOR THE NEWPORT CASINO, HOME OF THE ITHF, DESIGNATED A NATIONAL HISTORIC LANDMARK ON FEBRUARY 27, 1987.NATIONAL HISTORIC LANDMARKS ARE NATIONALLY SIGNIFICANT HISTORIC PLACES DESIGNATED BY THE SECRETARY OF THE INTERIOR BECAUSE THEY POSSESS EXCEPTIONAL VALUE OR QUALITY IN ILLUSTRATING OR INTERPRETING THE HERITAGE OF THE UNITED STATES; FEWER THAN 2,500 HISTORIC PLACES BEAR THIS NATIONAL DISTINCTION. 1312031 173134 4818812 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 112 0 134 1 1 1 0 0 0 0 1 1 0 0 0 0 X 75 72 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 RI NY CA FL MD MA NJ CT OR PA TN VA X NANCY CARDOZA 4018493990 194 BELLEVUE AVENUE NEWPORT RI 02840 CHRISTOPHER E CLOUSER 30.00 X X 0 0 0 DONALD L DELL 0.50 X X 0 0 0 BARBARA A GEORGESCU 0.50 X X 0 0 0 STANLEY SMITH 12.50 X X 35000 0 0 NANCY VON AUERSPERG 0.50 X X 0 0 0 PEGGY H WOOLARD 0.50 X X 0 0 0 JOHN P ARNHOLD 0.50 X 0 0 0 JEFFERSON BARNES 0.50 X 0 0 0 EARL H BUCHHOLZ JR 0.50 X 0 0 0 RONALD S BURNS 0.50 X 0 0 0 JUAN CARLOS CAPPELLO 0.50 X 0 0 0 MICHAEL GOSS 0.50 X 0 0 0 SIR JAMES HARVIE-WATT 0.50 X 0 0 0 DIANNE E HAYES 0.50 X 0 0 0 PETER F HURLEY 0.50 X 0 0 0 THOMAS A JAMES 0.50 X 0 0 0 KATHERINE BURTON JONES 0.50 X 0 0 0 KEVIN KANE 0.50 X 0 0 0 PETER PALANDJIAN 0.50 X 0 0 0 RICHARD J PHELPS 0.50 X 0 0 0 WILLIAM PREST 0.50 X 0 0 0 JOHN R REESE 0.50 X 0 0 0 KEN SOLOMON 0.50 X 0 0 0 FRANCESCO RICCI BITTI 0.50 X 0 0 0 TONY TRABERT 0.50 X 0 0 0 ROSALIND P WALTER 0.50 X 0 0 0 DAVID WESTIN 0.50 X 0 0 0 GIRARD BROWNLOW III 0.30 X 0 0 0 ROBERT L BUNNEN JR 0.30 X 0 0 0 JAMES CITRIN 0.30 X 0 0 0 DOUGLAS CONANT 0.30 X 0 0 0 JAMES COURIER 0.30 X 0 0 0 LOIS P DE MENIL 0.30 X 0 0 0 GUILLAUME DE RAMEL 0.30 X 0 0 0 CLAUDIO DEL VECCHIO 0.30 X 0 0 0 ROBERT N DOWNEY 0.30 X 0 0 0 MARK EIN 0.30 X 0 0 0 RENEE EVANGELISTA 0.30 X 0 0 0 JAMES FARLEY 0.30 X 0 0 0 CARLOS FLEMING 0.30 X 0 0 0 MARIANNE GAIGE 0.30 X 0 0 0 PHILIP GEIER JR 0.30 X 0 0 0 JAMES GOLDMAN 0.30 X 0 0 0 PHILLIP GORE 0.30 X 0 0 0 DAVID HAGGERTY 0.30 X 0 0 0 ALAN HASSENFELD 0.30 X 0 0 0 ELIZABETH JEFFETT 0.30 X 0 0 0 BOB JEFFREY 0.30 X 0 0 0 SUN JINFANG 0.30 X 0 0 0 KAY KOPLOVITZ 0.30 X 0 0 0 STEPHEN LESSING 0.30 X 0 0 0 STEPHEN LEWINSTEIN 0.30 X 0 0 0 CONSTANTINE MACRICOSTAS 0.30 X 0 0 0 JEANNE MOUTOUSSAMY-ASHE 0.30 X 0 0 0 BETSY MCCORMACK 0.30 X 0 0 0 FREW MCMILLAN 0.30 X 0 0 0 MARK PANARESE 0.30 X 0 0 0 TIM PHILLIPS 0.30 X 0 0 0 GEOFFREY POLLARD 0.30 X 0 0 0 JOHN ROSS 0.30 X 0 0 0 MARY ANN SALESKI 0.30 X 0 0 0 E RAMONE SEGREE 0.30 X 0 0 0 LEE SESSIONS JR 0.30 X 0 0 0 PAM SHRIVER 0.30 X 0 0 0 MICHELE SICARD 0.30 X 0 0 0 VINAYAK SINGH 0.30 X 0 0 0 GORDON SMITH 0.30 X 0 0 0 TODD TRAINA 0.30 X 0 0 0 DAVID TYREE 0.30 X 0 0 0 JAMES VAN ALEN JR 0.30 X 0 0 0 JONATHAN VEGOSEN 0.30 X 0 0 0 MARION WEATHERSTONE 0.30 X 0 0 0 WILLIAM WEBB 0.30 X 0 0 0 SUE ANN WEINBERG 0.30 X 0 0 0 GENE YOON 0.30 X 0 0 0 MARK STENNING 60.00 X 305125 0 21755 NANCY C CARDOZA 45.00 X 133290 0 12431 MARY HEATH 45.00 X 139488 0 6895 MARY ROMPF 40.00 X 105096 0 22235 DOUGLAS STARK 45.00 X 115218 0 11316 CHRISTINE FROST 45.00 X 123520 0 22935 956737 0 97567 6 0 1 0 0 203357 4000 2786166 891718 2993523 TENNIS TOURNAMENTS 900099 1582855 1582855 TENNIS COURT REVENUES 900099 1066098 1066098 HALL OF FAME ADMISSIONS 900099 616619 616619 OTHER EVENTS 900099 173134 173134 3438706 862588 862588 526388 380037 146351 146351 146351 13818355 10961666 2856689 2856689 2856689 920954 203357 624964 295990 295990 428606 438781 -10175 -4132 -6043 10583672 3438706 -4132 4155575 507601 134494 373107 1889559 1268106 235195 386258 51924 24379 11445 16100 117026 59217 18152 39657 159943 103461 28531 27951 167431 5151 158067 4213 45625 45625 75000 75000 225343 62458 62044 100841 76656 22560 52882 1214 360917 263346 24144 73427 16161 8655 5106 2400 327874 327874 278455 164071 59698 54686 2591 1880 711 1594 1594 1012724 1003881 8843 98690 61713 36796 181 TENNIS PRIZE MONEY AND 816694 816694 MISCELLANEOUS EXPENSES 274157 185855 21561 66741 FOOD AND FACILITIES 196087 174147 21182 758 REPAIRS AND MAINTENANCE 159185 113068 22077 24040 17802 17802 6879039 4818812 1261760 798467 5217 7461 628998 873293 145890 732920 166000 171547 118166 146342 46701 28850 26115632 11754047 12722235 14361585 25770471 26808189 5259824 6668029 44863502 49798216 548895 601307 405960 236280 1294322 100384 131033 1055239 2262942 X 19959633 20993926 8786791 11479384 15061839 15061964 43808263 47535274 44863502 49798216 X 3704633 273671 -251293 X 0 1 X 1 0 X 1994530 1750682 5354974 1796587 2993523 13890296 3974870 4347119 4022843 4406510 4788266 21539608 5969400 6097801 9377817 6203097 7781789 35429904 1055595 178550 543663 498981 1727569 4004358 601067 263899 3116 868082 1656662 442449 546779 498981 1727569 4872440 30557464 1681084 1117653 1083275 943990 1388976 6214978 1681084 1117653 1083275 943990 1388976 6214978 27809 19451 27319 -8852 -4132 61595 7678293 7234905 10488411 7138235 9166633 41706477 0.73270 0.70860 0.14900 0.18700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 22025020 125 2612711 826750 23811106 23043283 8205 -191468 835000 22025020 20942764 125 2774057 673663 23043283 18033998 84667 3357615 533516 20942764 17709759 9725 409067 94553 18033998 0.63000 0.37000 0 0 106304 106304 21063175 7656071 13407104 3852827 3264094 588733 1093326 833882 259444 14361585 VCFA PRIVATE EQUITY PARTNERS 337338 C RCP ADVISORS 425467 C ADAMS STREET 595213 C MFIRE - MESIROW FINANCIAL 988900 C AEW 1037086 C ABS OFFSHORE 1000000 C CROSS SHORE 1200000 C CHARITABLE REMAINDER TRUSTS 952992 C DEFERRED COMPENSATION INVESTMENTS 131033 C 6668029 DEFERRED COMPENSATION PAYABLE 131033 131033 X 12060346 273671 103556 1192489 1569716 10490630 93042 93042 10583672 8333335 103556 1443782 1547338 6785997 93042 93042 6879039 PART III, LINE 1A: THE HALL OF FAME'S COLLECTIONS CONSIST OF OVER 20,000 OBJECTS RANGING FROM FINE ART, TROPHIES, PLAYER MEMORABILIA, TENNIS RACQUETS, EQUIPMENT AND OTHER EPHEMERA RELATED TO THE HISTORY OF THE SPORT, ITS CHAMPIONS, ENSHRINES AND THE CULTURAL HISTORY OF THE CASINO. THE LIBRARY AND ARCHIVES COLLECTION CONSISTS OF 5,000 BOOKS, 350,000 STILL IMAGES OF PLAYERS, INFORMATION RELATING TO THE ORIGINS OF THE GAME, THE CASINO AND OTHER TENNIS RELATED SUBJECTS, 4,000 AUDIO VISUAL MATERIALS, AND AN ABUNDANCE OF PERIODICALS, SIGNIFICANT CORRESPONDENCE AND RECORDS. THE EDUCATION COLLECTION CONSISTS OF OBJECTS AND EQUIPMENT USEFUL TO HANDS-ON STUDY OR OTHER PROGRAMS OF EDUCATION. THE HALL OF FAME MAINTAINS A MUSEUM COLLECTIONS POLICY THAT ADDRESSES COLLECTIONS UPKEEP, ACCESSION AND DEACCESSION POLICIES AND OTHER ASPECTS OF COLLECTIONS MANAGEMENT. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE INCOME TO UNDERWRITE OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE HALL OF FAME IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE HALL OF FAME OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. THE HALL OF FAME ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THE HALL OF FAME ALSO ANNUALLY FILES IRS FORM 990-T - EXEMPT ORGANIZATION'S BUSINESS INCOME TAX RETURN, FOR ALL OF ITS TAXABLE TRANSACTIONS. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE FEDERAL INCOME TAX RETURNS FOR 2009, 2010, AND 2011 REMAIN OPEN TO EXAMINATION BY THE IRS. THE HALL OF FAME CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 380,037. SPECIAL EVENTS EXPENSE 624,964. COST OF GOODS SOLD 438,781. NET CHANGE IN VALUE OF BENEFICIAL INTEREST -251,293. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 380,037. SPECIAL EVENTS EXPENSE 624,964. COST OF GOODS SOLD 438,781. ALL PURCHASES OF COLLECTION ITEMS AND RESTORATION OR IMPROVEMENTS TO INEXHAUSTIBLE COLLECTIONS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE EXPENDITURE IS MADE. DONATIONS OF HISTORICAL COLLECTION ITEMS ARE RECORDED IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS AT THEIR FAIR OR APPRAISED VALUES ON THE DATE OF DONATION AND ARE EXPENSED IN THE YEAR RECEIVED IN ACCORDANCE WITH THE HALL OF FAME'S NON-CAPITALIZATION POLICY. LEGENDS BALL/AUCTION 741905 58442 683463 251161 110252 49598 33046 US OPEN TKTS SALES 298371 144915 153456 120845 3971 1 84035 84035 36088 600 19403 1124311 203357 920954 251161 120845 150311 50198 52449 624964 295990 X X X X X 0 0 0 0 0 0 0 0 0 MARK STENNING 238367 0 50000 0 16758 0 10000 0 11755 0 326880 0 0 0 GENE YOON BOARD MEMBER 28360 GENE YOON IS THE CHAIRMAN AND CEO OF FILA GLOBAL. OUR RETAIL STORES PURCHASE MERCHANDISE FROM FILA USA INC. 0 DAVID HAGGERTY BOARD MEMBER 123257 DAVID HAGGERTY IS THE CHAIRMAN AND PRESIDENT OF THE UNITED STATES TENNIS ASSOCIATION. WE PURCHASE US OPEN TICKETS FROM THE USTA. WE ALSO REIMBURSE THEM FOR MEETING COSTS FOR OUR BOARD MEETINGS DURING THEIR ANNUAL MEETING IN MARCH. 0 DONALD L DELL VICE CHAIRMAN DONALD L. DELL IS AN OFFICER OF LAGARDERE UNLIMITED, WHICH SYNDICATED TV COVERAGE OF THE CAMPBELL'S HALL OF FAME TENNIS TOURNAMENT SEMI-FINALS, FINALS AND THE HALL OF FAME ENSHRINEMENT CEREMONY. THE AGREEMENT WAS NEGOTIATED BY AN INDEPENDENT EMPLOYEE AT MARKET VALUE. RESULTING IN REVENUE AND RELATED EXPENSES TO LAGARDERE UNLIMITED BOTH EQUAL TO $119,287. LAGARDERE UNLIMITED EARNED A PRODUCER FEE OF $12,000 AND COMMISSION OF $31,975 ON THE TV COVERAGE. 0 JAMES COURIER BOARD MEMBER/HALL OF FAMER JAMES COURIER IS A FOUNDING PARTNER OF INSIDEOUT SPORTS & ENTERTAINMENT, WHICH PRODUCED THE CHAMPIONS CUP TENNIS TOURNAMENT AT THE INTERNATIONAL HALL OF FAME FROM 2007 TO 2009. INSIDEOUT SPORTS AND ENTERTAINMENT WAS PAID $100,000 BY THE INTERNATIONAL TENNIS HALL OF FAME IN 2009 TO PRODUCE THE EVENT. 0 X ITEMS NOT CAPITALIZED X 13 511854 STOCK EXCHANGE VALUE X 194 ITEMS NOT CAPITALIZED X AUCTION & EVENT ITEMS 93 379864 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 WILLIAM ROMPF, FORMER VP AND DIRECTOR OF TENNIS IS THE HUSBAND OF MARY ROMPF, HEAD TENNIS PRO. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. THE AUDIT COMMITTEE OF THE BOARD REVIEWS THE 990 BEFORE FILING. NO REVIEW WAS OR WILL BE CONDUCTED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 A SEARCH OF COMPARABLE SALARIES IS CONDUCTED BY REVIEWING 990'S OF SIMILAR COMPANIES, USING SALARY.COM AND NATIONAL SURVEYS. THE CEO APPROVES ANY SALARY INCREASES, WITHIN THE TOTAL BUDGET, FOR STAFF MEMBERS AND THE CHAIRMAN OF THE BOARD RECOMMENDS SALARY ADJUSTMENTS FOR THE CEO & PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE CHAIRMAN'S RECOMMENDATIONS. THE HALL OF FAME HAD A COMPENSATION SURVEY PREPARED BY OUR EXTERNAL AUDITORS IN 2012. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: NET CHANGE IN VALUE OF BENEFICIAL INTEREST -251,293.