2012-05-11T08:49:49-05:00 2011-06-30 PARENTEBEARD LLC 46 PUBLIC SQUARE SUITE 400 WILKESBARRE PA 18701 990 2010-07-01 432095418 SCIENCE FESTIVAL FOUNDATION D/B/A WORLD SCIENCE FESTIVAL SCIE 2123481400 475 RIVERSIDE DRIVE SUITE 950 NEW YORK NY 10115 JUDITH COX 2123481400 2012-05-11 1 JULIUS GREEN CPA 5708200100 2010 2016-02-24 21:20:13Z TRACY K DAY 475 RIVERSIDE DRIVE SUITE 950 NEW YORK NY 10015 4799547 0 X WWW.WORLDSCIENCEFESTIVAL.COM X 2006 DE TO ENGAGE AND SUSTAIN A GENERAL PUBLIC INFORMED BY THE SUBSTANCE OF SCIENCE. 6 4 74 230 0 0 4542054 4527683 316106 209626 3361 10788 -303561 -228785 4557960 4519312 0 0 0 0 1551726 1996544 35000 0 334398 2378843 2041409 3965569 4037953 592391 481359 3303225 3576946 814779 607141 2488446 2969805 X THE MISSION OF THE SCIENCE FESTIVAL FOUNDATION IS TO CULTIVATE AND SUSTAIN A GENERAL PUBLIC INFORMED BY THE CONTENT OF SCIENCE, INSPIRED BY ITS WONDER, CONVINCED OF ITS VALUE, AND PREPARED TO ENGAGE WITH ITS IMPLICATIONS FOR THE FUTURE. THE WORLD SCIENCE FESTIVAL, AN UNPRECEDENTED ANNUAL TRIBUTE TO IMAGINATION,INGENUITY AND INVENTIVENESS, TAKES SCIENCE OUT OF THE LABORATORY AND INTO THE STREETS, THEATERS, MUSEUMS, AND PUBLIC HALLS OF NEW YORK CITY, MAKING THE ESOTERIC UNDERSTANDABLE AND THE FAMILIAR FASCINATING. 0 0 3108194 209626 THE FOUNDATION'S ACTIVITIES PRIMARILY RELATE TO THE DEVELOPMENT, PLANNING AND PRODUCTION OF THE WORLD SCIENCE FESTIVAL (THE "FESTIVAL"), AWEEKLONG EXPLORATION OF SCIENCE THAT TAKES PLACE ANNUALLY IN NEW YORK CITY. THE INAUGURAL FESTIVAL WAS HELD IN MAY 2008. THE FESTIVAL AIMSTO BECOME ONE OF THE LEADING SCIENCE-FOR-THE-PUBLIC GATHERINGS WORLDWIDE; THE PLACE WHERE LEADING FIGURES IN SCIENCE ARGUE, DISCUSS,BRAINSTORM AND, MOST IMPORTANTLY, INSPIRE AND EDUCATE. THE FESTIVAL OPENS THE WONDROUS UNIVERSE OF SCIENCE TO A BROAD CROSS-SECTION OFTHE GENERAL PUBLIC, GIVING MANY AN UNPRECEDENTED OPPORTUNITY TO ENGAGE WITH FOREFRONT DISCOVERIES, THE THINKERS BEHIND THEM, AND THEIRWIDE-RANGING POLITICAL AND CULTURAL IMPLICATIONS THROUGH A SERIES OF NOVEL, CREATIVE, AND ARTFULLY PRODUCED PROGRAMS ANDINTERDISCIPLINARY EVENTS - FROM COMPELLING PRESENTATIONS OF CUTTING-EDGE SCIENTIFIC RESEARCH AND CAPTIVATING HANDS-ON DEMONSTRATIONSFOR 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. IN THE SPRING OF 2011, THE FOUNDATION ENHANCED ITS WEBSITE BY ADDING SHORT VIDEO SEGMENTS WHICH CAN BE SEARCHED BY SEVERAL CRITERIA, INCLUDING SCIENCE TOPIC AND PARTICIPATING SCIENTISTS. 3108194 1 1 0 0 0 0 0 0 0 0 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 0 1 86 0 1 74 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 4 1 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X BOB ADLEMAN 2123481400 475 RIVERSIDE DRIVE SUITE 950 NEW YORK NY 10115 BRIAN GREENE 10.00 X X 0 0 0 ALAN ALDA 1.00 X 0 0 0 LEE BOLLINGER 1.00 X 0 0 0 JUDITH COX 40.00 X X 0 0 0 TRACY DAY 50.00 X X 230000 0 0 ANN ZIFF 1.00 X 0 0 0 DAVID WAGGETT 40.00 X 101115 0 0 331115 0 0 2 0 1 0 PRODUCTION GLUE LLC 336 W 37TH STREET SUITE 610 NEW YORK NY 10018 EVENT PRODUCTION SERVICES 216560 ORCHESTRA OF ST LUKES 330 WEST 42ND ST NEW YORK NY 10036 ORCHESTRA 128405 PJD PRODUCTIONS LLC 493 GREENMOUNT AVE CLIFFSIDE PARK NJ 07010 EVENT PRODUCTION SERVICES 109473 4 493335 23320 4011028 4527683 TICKET SALES 900009 209626 209626 209626 10788 10788 49715 493335 280235 -230520 -230520 MISCELLANEOUS INCOME 900099 1735 1735 1735 4519312 209626 0 -217997 331115 331115 1441406 951183 328720 161503 100105 71883 20585 7637 123918 96516 14845 12557 2863 2863 35836 35836 499294 339807 119652 39835 275812 275812 98183 46529 35240 16414 141398 114532 14140 12726 347040 254391 11739 80910 35999 30055 3128 2816 9613 1000 8613 FESTIVAL RELATED PRODUC 595371 595371 4037953 3108194 595361 334398 389140 197882 1861459 2346692 251764 218040 322355 315711 2329 524704 62031 444888 462673 33619 33619 3303225 3576946 814779 607141 814779 607141 X 2308446 2945305 180000 24500 2488446 2969805 3303225 3576946 481359 0 X X 0 1 1 X 0 X 1795000 3027696 4345254 4542054 4527683 18237687 1795000 3027696 4345254 4542054 4527683 18237687 12762120 5475567 37 15053 10153 3361 10788 39392 1735 1735 18278814 209626 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 382205 19110 363095 127999 38207 89792 14500 4714 9786 462673 4519312 4037953 481359 0 481359 5622269 822722 822722 4799547 -280235 -280235 4519312 5140910 822722 280235 1102957 4037953 0 4037953 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING DIRECT COSTS INCLUDED IN EXPENSES IN AUDITED FINANCIAL STATEMENT -280,235. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNRAISING DIRECT COSTS REPORTED ON LINE 8B, OF PART VIII 280,235. OPENING NIGHT GALA 543050 493335 49715 89038 191197 543050 493335 49715 89038 191197 280235 -230520 X X X 0 0 0 0 0 0 0 0 0 TRACY DAY 230000 0 0 0 0 0 0 0 0 0 230000 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BRIAN GREENE, CHAIRMAN OF THE BOARD, IS MARRIED TO TRACY DAY, CEO AND BOARD SECRETARY. BRIAN GREENE, CHAIRMAN OF THE BOARD HAS A BUSINESS RELATIONSHIP WITH LEE BOLLINGER WHO IS A DIRECTOR OF THE SCIENCE FESTIVAL FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO DEFINE MEMBERS AS DIRECTORS IN OFFICE AS OF 12/12/2010, AND ANYONE ELSE THE MEMBERS MAY ELECT TO MEMBERSHIP BY MAJORITY VOTE. PRIOR TO THE AMENDMENT, ALL DIRECTORS WERE AUTOMATICALLY MEMBERS AND VICE VERSA. ADDITIONAL CHANGES WERE MADE THROUGHOUT THE BYLAWS TO HARMONIZE AND MODERNIZE CERTAIN PROVISIONS. 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 DIRECTOR OF FINANCE, 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 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 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. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE AND OFFICER COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE GENERAL COUNSEL, DIRECTOR 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 SECTION C, LINE 19 AND CERTIFICATE OF INCORPORATION AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITOR SELECTION AND OVERSIGHT PROCESS PART XII, LINE 2 C 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 AND OF THE COMPILATION OF THE FINANCIAL STATEMENTS IS DONE BY THE ENTIRE BOARD OF DIRECTORS. TRANSACTION WITH INTERESTED PARTIES ADDITIONAL INFORMATION FOR PAGE 4, LINE 28A THE SCIENCE FESTIVAL FOUNDATION(SFF) COLLABORATED WITH THE NON-PROFIT SOUTHBANK CENTRE(LONDON) TO COMMISSION AND PRODUCE AN ORIGINAL MULTI-MEDIA WORK BASED ON A CHILDREN'S BOOK WRITTEN BY BRIAN GREENE, WHO IS THE CHAIRMAN OF THE BOARD OF SFF AND THE SPOUSE OF TRACY DAY, EXECUTIVE DIRECTOR OF SFF. SOUTHBANK CENTRE TOOK THE LEAD IN NEGOTIATING ALL FEES AND ARRANGEMENTS WITH ALL OF THE ARTISTS INVOLVED. MR. GREENE LICENSED THE UNDERLYING RIGHTS TO THE BOOK, AND CO-WROTE THE NARRATION FOR THE WORK. HE WAS PAID BY THE SOUTHBANK CENTRE FOR THE LICENSE AND HIS WORK ON THE NARRATION, AND SFF WAS RESPONSIBLE FOR 50% OF THOSE FEES. IN EACH INSTANCE, SFF'S SHARE OF THE FEES WAS UNDER $10,000. THE SFF BOARD OF DIRECTORS REVIEWED AND APPROVED THE TRANSACTIONS IN ACCORDANCE WITH ITS CONFLICT OF INTEREST POLICY. LOSS ON FUNDRAISING EVENT PART VIII - LINE 8C IN 2011, THE ORGANIZATION IS SHOWING A NET LOSS FROM THE FUNDRAISING EVENT AS THE FORM 990 HAS EXCLUDED $493,335 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 $262,815. CHIEF EXECUTIVE OFFICER'S COMPENSATION PART VII SECTION A THE CHIEF EXECUTIVE OFFICER'S EARNINGS OF $230,000 FOR TRACY K. DAY INCLUDES AN ANNUAL SALARY OF $175,000 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 WILL BE PAID OUT OVER A FIVE YEAR PERIOD.