| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINES 4 DETAIL | SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS: EFFECTIVE JULY 1, 2024, THE SHORT FILMS AND FEATURE ANIMATION BRANCH SHALL BE ELIMINATED AND TWO (2) NEW BRANCHES WILL BE ADDED, THE SHORT FILMS BRANCH AND THE ANIMATION BRANCH. THE SHORT FILMS BRANCH WILL HAVE ONE (1) GOVERNOR ON BOARD ELECTED EVERY THREE YEARS. THE ANIMATION BRANCH WILL HAVE TWO (2) GOVERNORS ON BOARD ANNUALLY SELECTED WITH NO SELECTION EVERY THIRD YEAR. ONLY BRANCH MEMBERS WHO WILL HAVE SERVED AT LEAST TWO (2) YEARS, CONSECUTIVE OR NON-CONSECUTIVELY, WITHIN THE PREVIOUS FIVE (5) YEARS ON A BRANCH EXECUTIVE COMMITTEE PRIOR TO BEGINNING SERVICES AS A GOVERNOR SHALL BE ELIGIBLE CANDIDATES IN BRANCH ELECTIONS. THE NUMBER OF VICE PRESIDENTS WAS CHANGED FROM SIX (6) TO (3). |
| FORM 990, PART VI, SECTION A, LINES 6 & 7A DETAIL | PROCESS USED BY MEMBERS TO ELECT GOVERNING BODY: THE BOARD OF GOVERNORS IS MADE UP OF THREE GOVERNORS FROM THE ACTORS, DESIGNERS, CINEMATOGRAPHERS, DIRECTORS, DOCUMENTARY, EXECUTIVES, FILM EDITORS, MUSIC, SHORT FILMS AND FEATURE ANIMATION, SOUND, MARKETING AND PUBLIC RELATIONS, WRITERS, COSTUME DESIGNERS, CASTING DIRECTORS, PRODUCERS, VISUAL EFFECTS, AND MAKE-UP ARTISTS AND HAIRSTYLISTS BRANCHES, PLUS ONE GOVERNOR FROM THE PRODUCTION AND TECHNOLOGY BRANCH. THE MEMBERS OF EACH BRANCH WITH THREE GOVERNORS ELECT ONE GOVERNOR PER YEAR. IN ADDITION, THE BOARD SELECTS THREE AT-LARGE GOVERNORS RECOMMENDED BY THE PRESIDENT. THESE GOVERNORS ARE NOMINATED FOR THE PURPOSE OF INCREASING DIVERSITY OF RACE AND GENDER. THE THREE GOVERNORS WERE SELECTED IN MAY 2019. THEIR TERMS EXPIRE IN JUNE 2026. |
| FORM 990, PART VI, SECTION B, LINE 11B DETAIL | PROCESS USED TO REVIEW FORM 990: THE FORM 990 IS PREPARED BY MANAGEMENT AND REVIEWED BY ITS INDEPENDENT TAX ADVISORS, INCLUDING PWC US TAX LLP. THE FINANCE COMMITTEE REVIEWS THE FORM. THE BOARD RECEIVES A COPY OF THE FORM PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C DETAIL | PROCESS USED TO MONITOR AND ENFORCE WRITTEN CONFLICT OF INTEREST POLICY: GOVERNORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST WHEN THEY OCCUR. GOVERNORS ANNUALLY COMPLETE AN INDEPENDENCE QUESTIONNAIRE. IN ADDITION, MANAGEMENT REVIEWS THE BOOKS AND RECORDS FOR ANY CONFLICTS OF INTEREST. THE FULL BOARD IS NOTIFIED WHEN THERE IS A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINES 15A & 15B DETAIL | PROCESS FOR DETERMINING COMPENSATION: THE TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES' COMPENSATION IS DETERMINED BY BOARD APPROVAL, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS WAS LAST UNDERTAKEN IN MARCH 2024 IN CONJUNCTION WITH HIRING THE EXTENSION OF THE CHIEF EXECUTIVE OFFICER. |
| FORM 990, PART VI, SECTION C, LINE 19 DETAIL | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS: THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9 DETAIL | OTHER CHANGES IN NET ASSETS OR FUND BALANCES: BENEFIT PLAN ACTUARIAL EXPENSE $239,000 _________ $239,000 |
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