Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 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 |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 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 | ||||||
| 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).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 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 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 0 | 0 | 0 | 0 | 24,639,864 | 24,639,864 |
| 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 | 13,304,480 | 13,304,480 | ||||
| 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 | 37,944,344 | 37,944,344 | ||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 19,743,099 | 19,743,099 | ||||
| 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. | 0 | |||||
| c | Add lines 7a and 7b.. | 19,743,099 | 19,743,099 | ||||
| 8 | Public support. (Subtract line 7c from line 6.) | 18,201,245 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 37,944,344 | 37,944,344 | ||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 771,500 | 771,500 | ||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 771,500 | 771,500 | ||||
| 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.) .. | 191 | 191 | ||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 38,716,035 | 38,716,035 | ||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 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 0.015 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 0.035 | 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 | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | OTHER INCOME - 2020 AMOUNT: $ 191. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | THE TERRORIST ATTACKS OF SEPTEMBER 11, 2001 AND FEBRUARY 26, 1993. RESPECTING THIS SITE MADE SACRED THROUGH LOSS, THE MEMORIAL & MUSEUM REMEMBERS AND HONORS THE 2,983 VICTIMS OF THESE ATTACKS AND ALL THOSE WHO RISKED THEIR LIVES TO SAVE OTHERS. IT FURTHER RECOGNIZES THE THOUSANDS WHO SURVIVED AND ALL WHO MANIFESTED EXTRAORDINARY COMPASSION AND LEADERSHIP IN THE WAKE OF THE ATTACKS. DEMONSTRATING THE CONSEQUENCES OF TERRORISM ON INDIVIDUAL LIVES AND ITS IMPACT ON COMMUNITIES AT THE LOCAL, NATIONAL, AND INTERNATIONAL LEVELS, THE MEMORIAL & MUSEUM ATTESTS TO THE TRIUMPH OF HUMAN DIGNITY OVER HUMAN DEPRAVITY AND AFFIRMS AN UNWAVERING COMMITMENT TO THE FUNDAMENTAL VALUE OF HUMAN LIFE. "MAY THE LIVES REMEMBERED, THE DEEDS RECOGNIZED, AND THE SPIRIT REAWAKENED BE ETERNAL BEACONS, WHICH REAFFIRM RESPECT FOR LIFE, STRENGTHEN OUR RESOLVE TO PRESERVE FREEDOM, AND INSPIRE AN END TO HATRED, IGNORANCE AND INTOLERANCE." THE NATIONAL SEPTEMBER 11 MEMORIAL & MUSEUM (9/11 MEMORIAL & MUSEUM) BEGAN JANUARY ON A STRONG FOOTING THAT WAS SUSTAINED THROUGH THE BETTER PART OF THE FIRST QUARTER, EXCEEDING PROJECTIONS ON BOTH ATTENDANCE AND EARNED REVENUE AND CONTINUING TO OFFER ROBUST EDUCATIONAL PROGRAMMING. THEN CAME COVID-19, AND LIKE SO MANY OTHER CULTURAL ORGANIZATIONS, THE 9/11 MEMORIAL & MUSEUM FACED THE UNIMAGINABLE REALITY OF HAVING TO CLOSE TO THE PUBLIC IN MID-MARCH. THROUGH FOUR MONTHS OF MEMORIAL CLOSURE AND SIX MONTHS OF MUSEUM CLOSURE, THE ORGANIZATION LIVED ITS BUSINESS CONTINUITY PLAN IN REAL TIME AND NAVIGATED UNCHARTED WATERS, LEARNING HOW TO WORK REMOTELY AND CONVERT ON-SITE PROGRAMMING TO VIRTUAL FORMATS, ALL THE WHILE FACING UNPRECEDENTED FINANCIAL CHALLENGES AS THE PRIMARY SOURCE OF OPERATING SUPPORT REVENUE GENERATED BY THE MUSEUM COLLAPSED ENTIRELY. THE INSTITUTION IMPLEMENTED NECESSARY BUDGET CUTS IN MARCH, WITH FURTHER SIGNIFICANT AND DIFFICULT REDUCTIONS IN JUNE. TO ACHIEVE THE BUDGETARY REDUCTIONS, SENIOR MANAGERIAL AND EXECUTIVE STAFF TOGETHER WITH THE BOARD OF TRUSTEES ASSESSED ALL OPERATIONAL AND PROGRAMMATIC AREAS, CLASSIFYING EACH AS RETAINED, REDUCED, OR SUSPENDED. THE INSTITUTION STROVE TO MAINTAIN ALL CORE OPERATIONAL AND PROGRAMMATIC COMMITMENTS. WHEREVER POSSIBLE, DEPARTMENTS ADAPTED ACTIVITIES AND INITIATIVES NOT CONDUCIVE TO PRODUCING IN THE CURRENT PANDEMIC ENVIRONMENT BY CONVERTING PREVIOUSLY IN-PERSON EVENTS AND PROGRAMS TO VIRTUAL OFFERINGS. THIS ENABLED THE INSTITUTION TO ENSURE IT WAS STILL SERVING ITS MISSION AS WELL AS ENGAGING WITH KEY STAKEHOLDERS AS MUCH AS POSSIBLE, WITH THE ADDED BENEFIT OF OFTEN REACHING A LARGER AND MORE GEOGRAPHICALLY DIVERSE AUDIENCE IN EDUCATIONAL PROGRAMMING. THANKS TO THE EXCEPTIONAL LEADERSHIP OF THE MEMORIAL & MUSEUM'S CHAIRMAN, MICHAEL R. BLOOMBERG, AND THE COMPASSIONATE GUIDANCE OF THE BOARD OF TRUSTEES, FUNDING WAS RAISED TO SUSTAIN THE INSTITUTION. THIS BOARD SUPPORT COUPLED WITH OTHER PRIVATE FUNDRAISING ALLOWED THE MEMORIAL AND MUSEUM TO OPERATE SAFELY AND SECURELY FOR THE REMAINDER OF 2020 AND THE NEXT CALENDAR YEAR. THE MEMORIAL REOPENED TO THE PUBLIC ON JULY 4, 2020, AND THE MUSEUM ON SEPTEMBER 11, 2020. THE ORGANIZATION DEVELOPED AND ADOPTED A ROBUST AND COMPREHENSIVE HEALTH AND SAFETY PLAN, WHICH IS REGULARLY UPDATED AND GOES ABOVE AND BEYOND GUIDANCE ISSUED BY THE CDC, NEW YORK STATE, AND NEW YORK CITY, AND WITH WHICH ENFORCEMENT AND COMPLIANCE HAS BEEN EXEMPLARY. FOR THOSE UNABLE TO VISIT IN PERSON IN 2020, THE INSTITUTION CONTINUED TO OFFER AND EXPAND ITS VIRTUAL PROGRAMMING. IN ADDITION TO ONLINE PUBLIC PROGRAMS, OUR LIVE, VIRTUAL TOURS OF THE MEMORIAL AND THE MUSEUM PROVIDED AN EASILY ACCESSED, INTERACTIVE EXPERIENCE FOR INDIVIDUALS, FAMILIES, AND GROUPS. THE INSTITUTION ALSO LAUNCHED VIRTUAL FIELD TRIPS FOR STUDENTS IN GRADES 3-12 AND ONLINE PROFESSIONAL DEVELOPMENT PROGRAMS FOR EDUCATORS AND FOR CIVIC AGENCIES. THE MUSEUM'S ABILITY TO KEEP ITS COLLECTIONS SAFE AND SECURE, ROUTINELY MONITORED, AND PROPERLY CLEANED ON SITE IN THE MUSEUM AND AT OUR TWO OFFSITE COLLECTIONS STORAGE FACILITIES, REMAINED UNCHANGED, DESPITE THE MONTHS OF CLOSURE. STAFF REMOTELY MONITORED FOR BOTH CLIMATE CONTROL AND SECURITY AND CONTINUED OUR MONTHLY PEST INSPECTIONS WITH EXPERT VENDORS AT THE MUSEUM, MANA FINE ARTS, AND OUR STORAGE FACILITY IN ROTTERDAM, NY. DESPITE BUDGET CUTS ELSEWHERE, THE MUSEUM MAINTAINED ITS COLLECTIONS INSURANCE AND RISK MANAGEMENT POLICIES AS PRIORITY COMMITMENTS, WITHOUT INTERRUPTION AND WITHOUT CHANGES TO THE COVERAGE. IN HONORING ITS FOUNDATIONAL MISSION AND CONSISTENT WITH THE STRATEGIC PLAN, THE 9/11 MEMORIAL & MUSEUM CONTINUED ITS COMMITMENT IN 2020 TO ADVANCING INSTITUTIONAL IMPACT IN FOUR KEY PROGRAMMATIC AREAS: - HONORING THROUGH COMMEMORATION BY HOSTING ANNUAL ANNIVERSARY REMEMBRANCE CEREMONIES PAYING TRIBUTE TO THE VICTIMS OF THE ATTACKS OF SEPTEMBER 11, 2001 AND FEBRUARY 26, 1993, AS WELL AS OBSERVING THE CONCLUSION OF RESCUE AND RECOVERY EFFORTS IN THE AFTERMATH OF 9/11, AND THROUGH YEAR-ROUND, FREE ACCESS TO THE MEMORIAL, A SACRED SITE OF REMEMBRANCE AND REFLECTION; BY HOSTING OUR ANNUAL 5K VIRTUALLY AND ENCOURAGING BROADER PARTICIPATION THROUGH A NATIONWIDE RUN/WALK; AND BY ASSISTING OTHER COMMUNITIES AFFECTED BY EXTREME VIOLENCE AND MASS LOSS OF LIFE THROUGH SHARING PRACTICAL EXPERTISE IN THE DEVELOPMENT OF MEMORIALS, COMMEMORATION, COLLECTIONS AND EXHIBITIONS; - UNDERSTANDING THE ONGOING REPERCUSSIONS OF 9/11 THROUGH THE COLLECTION, PRESERVATION, EXHIBITION AND DISSEMINATION OF MATERIAL CULTURE THAT TESTIFIES TO THE ONGOING IMPLICATIONS OF THE ATTACKS AND THEIR AFTERMATH (E.G., HIGHLIGHTING THE PUBLIC HEALTH ISSUES AFFECTING TENS OF THOUSANDS STRICKEN WITH 9/11-RELATED ILLNESSES, WHO ARE NOW ESPECIALLY VULNERABLE TO COVID-19); - EDUCATING A NEW GENERATION WITH NO LIVED MEMORY OF THE 9/11 ATTACKS WHO NEED THE TOOLS AND PERSPECTIVE TO NEGOTIATE A WORLD DEFINED IN MANY WAYS BY THE ATTACKS AND THEIR CONSEQUENCES; AND, - BUILDING A MORE SECURE WORLD BY INCREASING PUBLIC AWARENESS OF POST-9/11 THREATS AND LEVERAGING OUR INSTITUTIONAL CONVENING POWER TO PROVIDE EDUCATIONAL, NETWORKING, AND PARTNERSHIP OPPORTUNITIES FOR THOSE CHARGED WITH ENSURING PUBLIC SAFETY AND SECURITY. THE EXTRAORDINARY EVENTS OF 2020 PRESENTED UNIQUE CHALLENGES FOR AN ORGANIZATION WHOSE MISSION IS SO INTRINSICALLY LINKED TO A HIGHLY SPECIFIC PHYSICAL LOCATION. EVEN THROUGH MONTHS OF CLOSURE, STAFF'S COMMITMENT TO SHARING STORIES OF INSPIRATION AND HOPE, REMEMBERING THOSE WHO WERE KILLED, AND EDUCATING THE NEXT GENERATION HAD NEVER BEEN MORE RELEVANT. THE COMMEMORATION OF THE 19TH ANNIVERSARY OF THE 9/11 ATTACKS IN SEPTEMBER 2020 DREW 344,146 PARTICIPANTS TO THE ANNUAL ANNIVERSARY IN THE SCHOOLS WEBINAR, FROM ALL 50 STATES, TWO U.S. TERRITORIES, AND OVER 35 COUNTRIES. THE COLLECTIONS TEAM ACQUIRED MORE THAN 600 ITEMS, RAISING THE COLLECTION HOLDINGS TO MORE THAN 73,000. PUBLIC PROGRAMS, BOTH ONSITE PRE-PANDEMIC AND ONLINE SINCE CLOSURE AND AFTER REOPENING, REACHED MORE THAN 2,300 PEOPLE. THE 9/11 MEMORIAL & MUSEUM CONTINUED TO ADAPT AS NECESSARY IN THE FACE OF UNEXPECTED CHALLENGES, BUT THE INSTITUTIONAL COMMITMENT TO MISSION, ADHERENCE TO PROFESSIONAL MUSEOLOGICAL STANDARDS, AND DEDICATED STEWARDSHIP OF BOTH FINANCIAL AND COLLECTIONS RESOURCES REMAINED UNCHANGED THROUGH THE CRUCIBLE OF THE CORONAVIRUS PANDEMIC. |
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | ATTACKS AND ALL THOSE WHO RISKED THEIR LIVES TO SAVE OTHERS. IT FURTHER RECOGNIZES THE THOUSANDS WHO SURVIVED AND ALL WHO MANIFESTED EXTRAORDINARY COMPASSION AND LEADERSHIP IN THE WAKE OF THE ATTACKS. DEMONSTRATING THE CONSEQUENCES OF TERRORISM ON INDIVIDUAL LIVES AND ITS IMPACT ON COMMUNITIES AT THE LOCAL, NATIONAL, AND INTERNATIONAL LEVELS, THE MEMORIAL & MUSEUM ATTESTS TO THE TRIUMPH OF HUMAN DIGNITY OVER HUMAN DEPRAVITY AND AFFIRMS AN UNWAVERING COMMITMENT TO THE FUNDAMENTAL VALUE OF HUMAN LIFE. "MAY THE LIVES REMEMBERED, THE DEEDS RECOGNIZED, AND THE SPIRIT REAWAKENED BE ETERNAL BEACONS, WHICH REAFFIRM RESPECT FOR LIFE, STRENGTHEN OUR RESOLVE TO PRESERVE FREEDOM, AND INSPIRE AN END TO HATRED, IGNORANCE AND INTOLERANCE." |
| FORM 990, PART III, LINE 2 | ON DECEMBER 31, 2019, THE ORGANIZATION WAS GRANTED A PERMANENT CHARTER BY THE NEW YORK STATE BOARD OF REGENTS. ON THAT SAME DAY, THE NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM AT THE WORLD TRADE CENTER FOUNDATION, INC. (THE "FOUNDATION") MERGED WITH THE ORGANIZATION. THE ORGANIZATION REMAINS AS THE CONTINUING ENTITY AFTER THE MERGER. ALL PROGRAMS FROM THE FOUNDATION WERE TRANSFERRED TO THE ORGANIZATION: OPERATION, MUSEUM & PUBLIC PROGRAMS AND CONSTRUCTION. |
| FORM 990, PART VI, SECTION A, LINE 2 | MICHAEL BLOOMBERG AND PATRICIA HARRIS HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT OF THE 990 IS SHARED ELECTRONICALLY WITH THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE IS RESPONSIBLE FOR APPROVING THE 990 IN ADVANCE OF FILING. PRIOR TO FILING, ELECTRONIC COPIES ARE ALSO PROVIDED TO THE FULL BOARD FOR REVIEW, AND THE BOARD HAS AN OPPORTUNITY TO ASK QUESTIONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | SINCE ITS INCEPTION, THE ORGANIZATION HAS ENFORCED AND ACTIVELY MONITORED ITS BOARD-APPROVED CONFLICT OF INTEREST POLICY. IN 2014, THE MEMORIAL'S EXISTING POLICY WAS UPDATED TO COMPLY WITH THE REQUIREMENTS OF THE NEW YORK NONPROFIT REVITALIZATION ACT OF 2013. THE POLICY MANDATES THAT ALL EMPLOYEES AND MEMBERS OF THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. EMPLOYEES AND MEMBERS OF THE BOARD HAVE BEEN REQUIRED TO COMPLETE CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRES ANNUALLY SINCE THE ORGANIZATION'S INCEPTION. THE QUESTIONNAIRE MUST ALSO BE COMPLETED ON AN INTERIM BASIS, IF NECESSARY, DUE TO EMERGING CONFLICTS. THE MEMBERS OF THE GOVERNING BODY'S SIGNED CONFLICT OF INTEREST QUESTIONNAIRES ARE FILED WITH THE GENERAL COUNSEL. EMPLOYEES' CONFLICT OF INTEREST FORMS ARE FILED WITH THE SVP-DIRECTOR OF HUMAN RESOURCES. COPIES OF THE TRUSTEES' COMPLETED CONFLICT OF INTEREST QUESTIONNAIRES ARE PROVIDED TO THE MEMBERS OF THE AUDIT AND NOMINATING, GOVERNANCE & COMPENSATION COMMITTEE. IF A CONFLICT IS REPORTED, THE GENERAL COUNSEL IS CONSULTED. IN THE EVENT A RELATED-PARTY TRANSACTION IS CONTEMPLATED, THE TRANSACTION IS EVALUATED AND APPROVED BY A MAJORITY OF THE INDEPENDENT MEMBERS OF THE NOMINATING, GOVERNANCE & COMPENSATION COMMITTEE BEFORE ANY SUCH CONTRACT CAN BE EXECUTED BY THE MEMORIAL. THE AFFECTED MEMBER OF THE GOVERNING BODY IS NOT ENTITLED TO VOTE, DELIBERATE OR OTHERWISE USE HIS OR HER PERSONAL INFLUENCE ON THE MATTER IN QUESTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION HAS AN ESTABLISHED COMPENSATION POLICY FOR ITS FOR THE PRESIDENT/CEO AND TOP MANAGEMENT OFFICIALS. THE NOMINATING, GOVERNANCE & COMPENSATION COMMITTEE REVIEWS APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE COMMITTEE USES A VARIETY OF INFORMATION TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. THE COMMITTEE'S DECISION ON THE AMOUNT OF COMPENSATION PAID IS DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT, INCLUDING THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION. THE PROCESS WAS LAST UNDERTAKEN IN 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990, FORM 1023 AND CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON ITS WEBSITE. THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AS PART OF FORM 1023 ARE ALSO POSTED ON THE WEBSITE. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. IN ADDITION, FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT 200 LIBERTY STREET, 16TH FL., NEW YORK, NY 10281 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-312-8800. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
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| Software Version: |