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        <ReturnReference>FORM 990, PART VI</ReturnReference>
        <Explanation>SECTION A LINE 8B THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE OFFICERS OF THE CORPORATION AND THE MEMBER-AT-LARGE WHO SERVES AS A REPRESENTATIVE OF THE OTHER BOARD MEMBERS. THE EXECUTIVE COMMITTEE POSSESSES AND MAY EXERCISE ALL THE POWERS OF THE BOARD WITH RESPECT TO THE MANAGEMENT OF THE ORGANIZATION. ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE IS REPORTED TO THE BOARD AT THE NEXT SUCCEEDING MEETING. THE EXECUTIVE COMMITTEE AT DECEMBER 31 2010 WAS MADE UP OF : CO-PRESIDENTS BELLE NEWTON AND PATRICK DRISCOLL, VICE PRESIDENT SUSAN GOODFELLOW, SECRETARY SUZANNE BAKER, TREASURER DAVID WEBBER, AND MEMBER AT LARGE ROBIN SHELBY ARDITI. EXECUTIVE DIRECTOR SUSAN LANDSTREET AND ARTISTIC DIRECTOR TERRANCE O'BRIEN ALSO ATTENDED COMMITTEE MEETINGS BUT DID NOT VOTE.</Explanation>
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        <Explanation>MANAGEMENT PROVIDED A DRAFT COPY OF THE FORM 990 TO ITS BOARD MEMBERS IN OCTOBER 2011. BOARD MEMBERS WERE GIVEN A TWO WEEK PERIOD TO REVIEW THE FILING, RAISE QUESTIONS AND SUGGEST CHANGES TO THE INFORMATION BEING FILED. ALL QUESTIONS AND CONCERNS WERE ADDRESSED BEFORE THE FINAL FORM WAS SUBMITTED.</Explanation>
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        <Explanation>THE POLICY REQUIRES ALL DIRECTORS TO ATTEST ANNUALLY THAT THEY ARE AWARE OF THE ORGANIZATION'S POLICY AND HAVE NOT ENGAGED IN ANY ACTIVITIES WHICH WOULD CONSTITUTE A CONFLICT. EACH BOARD MEMBER ALSO UNDERTAKES TO NOTIFY A CO-PRESIDENT OR SECRETARY OF HVSF IF HE OR SHE BECOMES AWARE OF ANY RELATIONSHIP OR SITUATION THAT MIGHT RESULT IN, OR GIVE THE APPEARANCE OF BEING, A CONFLICT OF INTEREST.</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>COMPENSATION FOR BOTH THE EXECUTIVE DIRECTOR AND THE ARTISTIC DIRECTOR IS REVIEWED AND APPROVED BY THE INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD.</Explanation>
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        <Explanation>SEE RESPONSE TO QUESTION 15A ABOVE</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>HVSF'S GOVERNING DOCUMENTS, ITS CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE AT OTHER WEBSITES SUCH AS THE NYS CHARITIES BUREAU WEBSITE AND GUIDESTAR.</Explanation>
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