Attach to Form 990 or Form 990-EZ.
Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
| (i)Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 9 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| Total | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) .... | 678,408 | 791,211 | 1,062,595 | 1,378,254 | 2,005,756 | 5,916,224 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 678,408 | 791,211 | 1,062,595 | 1,378,254 | 2,005,756 | 5,916,224 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 677,932 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 5,238,292 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 678,408 | 791,211 | 1,062,595 | 1,378,254 | 2,005,756 | 5,916,224 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 47,473 | 177,653 | 143,635 | 153,159 | 181,288 | 703,208 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 11,994 | 70 | 12,064 | |||
| 11 | Total support. Add lines 7 through 10. | 6,631,496 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 6 | Total. Add lines 1 through 5. | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons... | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2015 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2015 |
(iii) Distributable Amount for 2015 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2015 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2015 (reasonable cause required--see instructions) |
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| 3 Excess distributions carryover, if any, to 2015: | ||||
| a | ||||
| b | ||||
| c | ||||
| d From 2013....... | ||||
| e From 2014....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2015 distributable amount | ||||
|
i
Carryover from 2010 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2015 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2015 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2015, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) |
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|
6
Remaining underdistributions for 2015. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) |
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|
7 Excess distributions carryover to 2016. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a | ||||
| b | ||||
| c Excess from 2013....... | ||||
| d From 2014....... | ||||
| e From 2015....... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FOREIGN CURRENCY GAIN - 2012 AMOUNT: $ 11,994. MISCELLANEOUS INCOME - 2013 AMOUNT: $ 70. |
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Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 4A | SWISS INSTITUTE SECOND ANNUAL ARCHITECTURE AND DESIGN SERIES PAVILLON DE L'ESPRIT NOUVEAU: A 21ST CENTURY SHOW HOME: SWISS INSTITUTE PRESENTED THE 2ND EDITION OF ITS ANNUAL ARCHITECTURE AND DESIGN SERIES ENTITLED PAVILLON DE L'ESPRIT NOUVEAU: A 21ST CENTURY SHOW HOME IN SEPTEMBER 2015. CURATED BY FELIX BURRICHTER, THE EDITOR AND CREATIVE DIRECTOR OF AWARD-WINNING ARCHITECTURE AND DESIGN MAGAZINE PIN-UP, THE EXHIBITION CHANNELED THE VISIONARY IRREVERENCE OF LE CORBUSIER FOR A 21ST CENTURY TAKE ON DOMESTICITY. WHEN SWISS-BORN ARCHITECT LE CORBUSIER PARTICIPATED IN THE 1925 PARIS EXPOSITION DES ARTS D CORATIFS, HIS CONTRIBUTION - THE ORIGINAL PAVILLON DE L'ESPRIT NOUVEAU - CAUSED AN UPROAR AMONG THE FAIR'S ORGANIZERS. IN A COMMERCIAL TRADE SHOW INTENDED TO FACILITATE THE PROMOTION OF THE ART D CO STYLE, HIS AESTHETIC WAS DISMISSED AS ANTITHETICAL. IN RETROSPECT, HOWEVER, LE CORBUSIER'S PAVILLON DE L'ESPRIT NOUVEAU ACTED AS A MANIFESTO THAT INTRODUCED REVOLUTIONARY DESIGN CONCEPTS, SUCH AS BUILDING STANDARDIZATION, MASS-PRODUCTION AS IT APPLIES TO FURNISHINGS AND INTERIORS, AND THE MECHANIZATION OF THE HOME. THESE IDEAS WOULD RESONATE FOR DECADES TO COME, LARGELY INFLUENCING POST-WAR HOUSING SCHEMES AND D COR THROUGHOUT THE REST OF THE 20TH CENTURY. IN HOMAGE TO THE ORIGINAL PAVILLON DE L'ESPRIT NOUVEAU, BURRICHTER'S EXHIBITION ACTED AS A CONCEPTUAL SHOW HOME FOR THE 21ST CENTURY. NINETY YEARS AFTER THE ORIGINAL DEBUTED IN PARIS, THIS CONTEMPORARY PAVILLON DE L'ESPRIT NOUVEAU EXPLORED NEW MODES OF DOMESTICITY, AS WELL AS INNOVATION IN FURNITURE DESIGN, WHERE CRAFT CO-EXISTS WITH COMPUTATIONAL EXPERTISE. THE EXHIBITION FEATURED OVER 30 INTERNATIONAL DESIGNERS AND ARTISTS, MOST OF WHOM PARTICIPATED WITH SPECIALLY COMMISSIONED WORKS. ALL FEATURED PIECES BORE KEY ELEMENTS IN EITHER FABRICATION OR MATERIAL THAT HIGHLIGHTED INDUSTRIAL PROGRESS MADE IN THE LAST 15 YEARS SUCH AS LASER-CUTTING, 3D-PRINTING, ADVANCED LED-TECHNOLOGY, NON-WOVEN TEXTILES, AND ULTRA-LIGHT CARBON-FIBER. IN ADDITION TO SERVING AS A PLATFORM FOR NEW DESIGN, PAVILLON DE L'ESPRIT NOUVEAU WAS ALSO AN INTERACTIVE, ARCHITECTURAL EXPERIENCE. DIVIDED INTO SOFTLY DELINEATED ZONES, EACH INCREASING IN LEVELS OF PRIVACY, THE EXHIBITION DESIGN BY ARCHITECT AND ARTIST SHAWN MAXIMO MADE USE OF DIGITAL RENDERING TECHNOLOGY AND CHROMA KEY COMPOSITING. THE 21ST CENTURY SHOW HOME INCORPORATED SCENARIOS OF DIFFERENT DOMESTIC ENVIRONMENTS, EXPLORING THE BLURRED LINES IN A CULTURE OF DIGITAL ESCAPISM AND SURVEILLANCE. IN THE CHARACTERISTICALLY CONFIDENT WORDS OF LE CORBUSIER, THE PAVILLON'S 2015 ITERATION AT SWISS INSTITUTE AIMED TO CAPTURE "A TURNING POINT IN THE DESIGN OF MODERN INTERIORS AND A MILESTONE IN THE EVOLUTION OF ARCHITECTURE." OVER 2,700 PEOPLE ATTENDED THE EXHIBITION, WITH 2,398 OF THEM PARTICIPATING IN PUBLIC PROGRAMS. |
| FORM 990, PART III, LINE 4B | WORK HARD: "WORK HARD," THE GRAFFITI MESSAGE ENHANCING THIS LAUSANNE PUBLIC SCULPTURE FROM 1945 BY PIERRE BLANC WAS THE TITLE OF THE CURATORIAL DEBUT OF CELEBRATED ARTIST VALENTIN CARRON. CARRON, WHO REPRESENTED SWITZERLAND AT THE 2013 VENICE BIENNALE, SELECTED AN EXCEPTIONAL RANGE OF SEMINAL ARTWORKS COMBINING HIS KEY HOMEGROWN INFLUENCES AND INSPIRING CONTEMPORARIES. IN A DISPLAY OF IDIOSYNCRATIC EXPERIENCES, THIS EXHIBITION PRESENTED A CREATIVE DISCOURSE BETWEEN ARTWORKS THROUGH CARRON'S PERSPECTIVE, REVEALING SHARED CONCERNS AND PRINCIPLES OF HIS NATIVE COUNTRY'S ART. HIS FOCUS ON THE POETICS OF VERNACULAR INVOKED A QUIRKY SWISS-NESS WHILE CONJURING MYTHOLOGIES OF LABOR. FURTHERMORE, THIS EXHIBITION SHED LIGHT ON THE AESTHETIC UNIVERSE OF CARRON, PROVIDING FOUNDATIONS FOR HIS VISUAL AND CONCEPTUAL VOCABULARY AND ALLOWING INSIGHT INTO A PRACTICE THAT COMBINES STRATEGIES OF APPROPRIATION WITH SCULPTURAL BRAVADO. THROUGH AN INDIVIDUAL LENS, WORK HARD SUGGESTED AN IMAGINARY TIME AND PLACE IN ART HISTORY AS PAST, PRESENT AND FUTURE CONVERGED IN A NARRATIVE OF NATIONAL IDENTITY AND ART PRODUCTION. OVER 2,150 ATTENDED THE EXHIBITION, WITH 917 OF THOSE PARTICIPATING IN PUBLIC PROGRAMS. |
| FORM 990, PART III, LINE 4C | NIELE TORONI: SINCE 1966, NIELE TORONI (B. 1937, MURALTO, SWITZERLAND, LIVES AND WORKS IN PARIS) HAS APPLIED IMPRINTS OF A NUMBER 50 BRUSH AT REGULAR INTERVALS OF 30 CM ON A VARIETY OF SURFACES AND SUPPORTS. FOR HIS FIRST EVER INSTITUTIONAL SOLO SHOW IN NY AND HIS FIRST IN THE US IN OVER 25 YEARS, SWISS INSTITUTE PRESENTED AN EXHIBITION THAT SPANNED CLOSE TO 5 DECADES OF THE ARTIST'S WORK, FEATURING IMPRINTS ON WAXED FABRIC, CANVAS, AND PAPER, AS WELL AS NEW, SITE-SPECIFIC WORKS CREATED FOR THIS SHOW.THROUGHOUT THE YEARS, NIELE TORONI HAS REMAINED STEADFAST IN HIS PRACTICE OF "TRAVAIL-PEINTURE," IN WHICH THE WORKING METHOD OF APPLYING PAINT IN IMPRINTS OF REGULAR INTERVALS DELINEATES WHAT IS PUT ON VIEW. IN A CHALLENGE TO FIGURATIVE PAINTING, TORONI'S IMPRINTS SUBTLY EVIDENCE HUMAN TOUCH IN THE SAME MOMENT THAT THEY OBLITERATE THE BRUSHSTROKE AS AN EMOTIVE OR PSYCHOLOGICAL RECORD. HIS WORKS ARE METONYMIC INTERVENTIONS IN THE SENSE THAT THE PAINTED SURFACE ACTIVATES A SPACE WHERE THE DEMARCATION BETWEEN CONTAINER AND CONTAINED IS ABOLISHED. WHAT IS GIVEN TO THE VIEWER IS AN IMPRINT OF A NUMBER 50 PAINTBRUSH AT REGULAR INTERVALS OF 30 CM. NO MORE, NO LESS. EXPLICITLY EMPHASIZING THE ELEMENTARY DEFINITION OF PAINTING, THIS SIMPLE APPLICATION OF PIGMENT TO SURFACE MARKS A MILESTONE IN THE HISTORY OF CONCEPTUAL ART. THROUGHOUT HIS CAREER, NIELE TORONI HAS SYSTEMATICALLY QUESTIONED ESTABLISHED METHODS OF ART-MAKING, WHILE IRREVERENTLY CHALLENGING ACCEPTED NOTIONS OF AUTHORSHIP AND GENTLY MOCKING THE FIGURE OF THE ARTIST. THROUGH HIS COMMITMENT TO A SYSTEMATIC WORKING PROCESS, HE HUMBLY ATTEMPTS AT LIBERATING PAINTING FROM ITS OWN REPRESENTATION. ECHOING ITALIAN POET AND NOVELIST CESARE PAVESE'S IDEA THAT THE ONLY JOY IN THE WORLD IS TO BEGIN, TORONI'S WORK REPEATS ITSELF IN AN ETERNAL RECOMMENCEMENT. THUS WHAT MAY APPEAR AS A MONOLITHIC ENTITY IS ACTUALLY A MULTITUDE OF INFINITE VARIATIONS. WHEN CONFRONTED WITH THE QUESTION OF WHY CONTINUE TO REPEAT HIS IMPRINTS, TORONI INVARIABLY RESPONDS: "YOU CAN LOOK AT THE OCEAN EVERYDAY, BUT IT IS NEVER THE SAME SEA." OVER 1,800 PEOPLE ATTENDED THE EXHIBITION, WITH 889 OF THEM PARTICIPATING IN PUBLIC PROGRAMS. |
| FORM 990, PART VI, SECTION A, LINE 6 | SWISS INSTITUTE IS MANAGED BY A GOVERNING BOARD, WHICH IS REFERRED TO AS THE "BOARD OF TRUSTEES." A TRUSTEE SHALL BE A MEMBER DURING HIS/HER TRUSTEESHIP. THE NUMBER OF VOTING TRUSTEES CONSTITUTING THE ENTIRE BOARD SHALL BE AT LEAST FIVE AND NO MORE THAN FIFTEEN. THE PERSON OR PERSONS SIGNING THE CERTIFICATE OF INCORPORATION AS THE INCORPORATOR OR INCORPORATORS SHALL BE THE FIRST MEMBER OR MEMBERS OF THE SWISS INSTITUTE UNLESS THEY HAVE RESIGNED OR UNLESS MEMBERSHIP SHOULD BE TERMINATED. THEREAFTER, THE QUALIFICATIONS AND ELIGIBILITY FOR MEMBERSHIP AND THE MANNER OF ADMISSION INTO MEMBERSHIP SHALL BE PRESCRIBED BY RESOLUTION OF THE BOARD OF TRUSTEES AND/OR BY ANY SIMILARLY PRESCRIBED RULES AND REGULATIONS WHICH THE BOARD OF TRUSTEES MAY PROMULGATE. |
| FORM 990, PART VI, SECTION A, LINE 7A | TRUSTEES SHALL BE ELECTED AT THE ANNUAL MEETING OF MEMBERS BY A PLURALITY OF THE VOTES CAST BY THE MEMBERS. THE NUMBER OF TRUSTEES MAY BE INCREASED OR DECREASED BY ACTION OF THE TRUSTEES, PROVIDED THAT ANY ACTION OF THE TRUSTEES TO THE EFFECT SUCH INCREASE OR DECREASE SHALL REQUIRE THE VOTE OF A MAJORITY OF THE ENTIRE BOARD. THE TRUSTEES MAY ALSO ELECT OR APPOINT A CHAIRMAN OF THE BOARD, A VICE CHAIRMAN OF THE BOARD, A SECRETARY AND ONE OR MORE ASSISTANT SECRETARIES, A TREASURER AND ONE OR MORE ASSISTANT TREASURERS, AND SUCH OTHER OFFICERS AND AGENTS AS THEY MAY DETERMINE. EACH MEMBERSHIP SHALL ENTITLE THE HOLDER THEREOF TO ONE VOTE. IN THE ELECTION OF TRUSTEES, A PLURALITY OF THE VOTES CAST SHALL ELECT. ANY OTHER ACTION SHALL BE AUTHORIZED BY A MAJORITY OF THE VOTES CAST EXCEPT WHERE THE NOT-FOR-PROFIT CORPORATION LAW PRESCRIBES A DIFFERENT PROPORTION OF VOTES; PROVIDED THAT THE SAID MAJORITY OF THE AFFIRMATIVE VOTES CAST SHALL BE AT LEAST EQUAL TO A QUORUM. |
| FORM 990, PART VI, SECTION A, LINE 7B | GOVERNANCE DECISIONS OF THE SWISS INSTITUTE ARE RESERVED TO THE MEMBERS OF THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FEDERAL FORM 990 IS PREPARED BY THE EXTERNAL ACCOUNTANT, AND A FINAL DRAFT IS EMAILED TO THE SWISS INSTITUTE'S BOOKKEEPER FOR A PRELIMINARY REVIEW. UPON COMPLETION, THE BOOKKEEPER THEN FORWARDS AN ELECTRONIC COPY TO THE DIRECTOR, TREASURER AND THE REST OF THE BOARD MEMBERS FOR REVIEW AND APPROVAL. THE BOOKKEEPER NOTIFIES THE EXTERNAL ACCOUNTANT THAT THE FORM 990 IS APPROVED AND READY TO BE FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | PRIOR TO ANY PARTY'S ELECTION TO THE BOARD OF TRUSTEES OR AS AN OFFICER, SUCH PARTY, AND ANNUALLY THEREAFTER, EACH MEMBER OF THE BOARD OF TRUSTEES AND EACH OFFICER SHALL DISCLOSE IN WRITING ANY INTEREST, AS DEFINED BELOW, IN ANY CORPORATION OR OTHER ORGANIZATION, WHICH PROVIDES GOODS OR SERVICES TO SWISS INSTITUTE FOR A FEE OR OTHER COMPENSATION. A COPY OF EACH DISCLOSURE STATEMENT SHALL BE AVAILABLE TO ANY TRUSTEE ON REQUEST. IF AT ANY TIME DURING HIS OR HER TERM OF SERVICE, A TRUSTEE OR OFFICER HAS ANY INTEREST, HE OR SHE SHALL PROMPTLY DISCLOSE THE MATERIAL FACTS OF THAT INTEREST IN WRITING TO THE BOARD. WHEN ANY MATTER IN WHICH A TRUSTEE OR OFFICER HAS AN INTEREST COMES BEFORE THE BOARD OR ANY COMMITTEE THEREOF FOR DECISION OR APPROVAL, THAT INTEREST SHALL BE IMMEDIATELY DISCLOSED TO THE BOARD OR THE COMMITTEE BY THAT TRUSTEE OR OFFICER. A TRUSTEE OR OFFICER SHALL BE DEEMED TO HAVE AN "INTEREST" IN A MATTER IF THAT TRUSTEE OR OFFICER OR A RELATED PARTY HAS A SIGNIFICANT ECONOMIC INTEREST IN A DECISION ON THE MATTER BY THE BOARD OR ANY COMMITTEE. AS TO ANY TRUSTEE OR OFFICER, A "RELATED PARTY" SHALL MEAN ANY RELATIVE THEREOF OR AN ENTITY IN WHICH ANY OF THE FOREGOING PERSONS IS A SHAREHOLDER, DIRECTOR, OFFICER OR THE EQUIVALENT. NO TRUSTEE SHALL VOTE ON ANY MATTER IN WHICH SUCH TRUSTEE HAS AN INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE DIRECTORS. COMPARABLE COMPENSATION LEVELS FOR SIMILAR POSITIONS IN SIMILAR INDUSTRIES ARE EXPLORED BY EXPERTS IN THE INDUSTRY, AND DISCUSSED AT THE BOARD MEETING TO DETERMINE TOTAL COMPENSATION PACKAGES FOR THE DIRECTORS. ALL COMPENSATION DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. THE DIRECTORS ARE PROVIDED WITH AN EMPLOYMENT CONTRACT THAT OUTLINES THE COMPENSATION PACKAGE. THIS PROCESS WAS LAST IMPLEMENTED ON 2/19/16. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION, FORMS 990 AND 1023, AS WELL AS THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST OF THE ORGANIZATION AT 102 FRANKLIN STREET, FRONT 1, NEW YORK, NY 10013, OR BY CALLING THE ORGANIZATION AT (212)925-2035. |
| FORM 990, PART XII, LINE 2C: SELECTION OF OUTSIDE ACCOUNTANTS | THE OVERSIGHT PROCESS OF THE ORGANIZATION'S AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN OUTSIDE ACCOUNTANT HAS NOT CHANGED FROM THE PROCESS FOLLOWED IN THE PRIOR YEAR. |
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