2023-09-08T19:02:11-05:00 2021-08-31 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2020-09-01 131664054 THE PHILHARMONIC SYMPHONY SOCIETY OF NY INC PHIL 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 KATHIE PARSONS CHIEF FINANCIAL OFFICER 2128755000 2023-09-05 1 KATHIE PARSONS 999009999 MATTHEW PETROSKI P00853132 9257902600 2022-07-22 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z X NEW YORK PHILHARMONIC DEBORAH BORDA 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 232757931 0 X WWW.NYPHIL.ORG X 1853 NY SEE SCHEDULE O.TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, TO INCULCATE IN ITS MEMBERS IN NEW YORK CITY AND THE WORLD AT LARGE AN INTEREST IN SYMPHONIC MUSIC. 50 50 551 121 15888 14888 76270432 116663146 16624414 1321296 15905202 20637907 -415506 12533 108384542 138634882 0 0 0 0 46753113 43368503 152028 159799 4062348 22896851 13202830 69801992 56731132 38582550 81903750 387286674 534569080 74604809 115451723 312681865 419117357 X SEE SCHEDULE O.TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, TO INCULCATE IN ITS MEMBERS IN THE COMMUNITY OF NEW YORK CITY AND THE WORLD AT LARGE AN INTEREST IN SYMPHONIC MUSIC, AND IN ORDER TO FOSTER SUCH INTEREST AND THE APPRECIATION OF MUSIC, AMONG OTHER THINGS, TO CAUSE THE PERFORMANCE OF SYMPHONIC AND OTHER MUSICAL PERFORMANCES IN THE CONCERT AND OTHER HALLS, AND BY AUDIO AND VISUAL RECORDINGS AND LIVE PERFORMANCES BROADCAST OVER THE RADIO, TELEVISION AND THE WORLD WIDE WEB. 0 0 33714455 1253897 SEE SCHEDULE O. 734228 67399 SEE SCHEDULE O. 34448683 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 164 0 1 551 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 50 50 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X ASHLEY PENA 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 PETER W MAY CO-CHAIRMAN 4.00 X X 0 0 0 OSCAR L TANG CO-CHAIRMAN 4.00 X X 0 0 0 LAURA Y CHANG VICE CHAIR & TREASURER 4.00 X X 0 0 0 KAREN T LEFRAK VICE CHAIR 4.00 X 0 0 0 DARIA L WALLACH VICE CHAIR 4.00 X 0 0 0 DAISY M SOROS SECRETARY 4.00 X X 0 0 0 LAWRENCE D ACKMAN DIRECTOR 4.00 X 0 0 0 ALEC BALDWIN DIRECTOR 4.00 X 0 0 0 DR KATHRYN BEAL DIRECTOR 4.00 X 0 0 0 JOSHUA BELL DIRECTOR 4.00 X 0 0 0 FRANK BOTMAN DIRECTOR (START 01/21) 4.00 X 0 0 0 YEFIM BRONFMAN DIRECTOR 4.00 X 0 0 0 ANGELA CHEN DIRECTOR 4.00 X 0 0 0 ARTHUR CHU DIRECTOR 4.00 X 0 0 0 TOOS N DARUVALA DIRECTOR 4.00 X 0 0 0 LODEWIJK JR DE VINK DIRECTOR 4.00 X 0 0 0 MISOOK DOOLITTLE DIRECTOR 4.00 X 0 0 0 CLAUDIO X GONZALEZ DIRECTOR (START 02/21) 4.00 X 0 0 0 PETER GROSS DIRECTOR 4.00 X 0 0 0 PAUL B GUENTHER CHAIR EMERITUS 4.00 X 0 0 0 GURNEE F HART DIRECTOR 4.00 X 0 0 0 LINDA W HART DIRECTOR 4.00 X 0 0 0 SHARON HITE DIRECTOR 4.00 X 0 0 0 ROBERT HOERLE DIRECTOR (START 04/21) 4.00 X 0 0 0 ANN JOHNSON DIRECTOR 4.00 X 0 0 0 PETER JUNGEN DIRECTOR 4.00 X 0 0 0 CHRISTOPER KELLEN DIRECTOR 4.00 X 0 0 0 ALEXANDER KLABIN DIRECTOR 4.00 X 0 0 0 J CHRISTOPHER KOJIMA DIRECTOR 4.00 X 0 0 0 HONEY M KURTZ DIRECTOR 4.00 X 0 0 0 CHRISTIAN A LANGE DIRECTOR 4.00 X 0 0 0 TANIA LEON DIRECTOR 4.00 X 0 0 0 ROSS MCKNIGHT DIRECTOR 4.00 X 0 0 0 HAROLD MITCHELL AC DIRECTOR 4.00 X 0 0 0 JAMES NEDERLANDER DIRECTOR 4.00 X 0 0 0 ELIZABETH A NEWMAN DIRECTOR 4.00 X 0 0 0 CHARLES F NIEMETH DIRECTOR 4.00 X 0 0 0 GARY W PARR CHAIR EMERITUS 4.00 X 0 0 0 ITZHAK PERLMAN DIRECTOR 4.00 X 0 0 0 JOEL I PICKET DIRECTOR 4.00 X 0 0 0 SUSAN ROSE DIRECTOR 4.00 X 0 0 0 CAROL D SCHAEFER DIRECTOR 4.00 X 0 0 0 OSCAR S SCHAFER CHAIR EMERITUS 4.00 X 0 0 0 LARRY A SILVERSTEIN DIRECTOR 4.00 X 0 0 0 SYLVIA TOTH DIRECTOR 4.00 X 0 0 0 DANIIL TRIFONOV DIRECTOR 4.00 X 0 0 0 MAGGIE UENG TSAI DIRECTOR 4.00 X 0 0 0 RONALD J ULRICH DIRECTOR 4.00 X 0 0 0 MARY J WALLACH DIRECTOR 4.00 X 0 0 0 SANDRA F WARSHAWSKY DIRECTOR 4.00 X 0 0 0 SAYU UENO DIRECTOR (LEFT 06/21) 4.00 X 0 0 0 SHIRLEY YOUNG DIRECTOR (LEFT 12/20) 4.00 X 0 0 0 ADAM COX CHIEF OPERATING OFFICER 35.00 X 626942 0 23364 DEBORAH BORDA PRESIDENT & CEO 35.00 X 817212 0 99020 WILLIAM THOMAS EXECUTIVE DIRECTOR 35.00 X 394420 0 96295 ISAAC THOMPSON VICE PRESIDENT OF ARTISTIC PLANNING 35.00 X 311135 0 27824 MARITA ALTMAN VICE PRESIDENT OF DEVELOPMENT 35.00 X 288053 0 25248 MATTHEW MUCKEY ASSOCIATE PRINCIPAL TRUMPET 37.00 X 441053 0 96380 LIANG WANG PRINCIPAL OBOE 37.00 X 717686 0 82692 FRANK HUANG CONCERTMASTER 37.00 X 289411 0 87200 CARTER BREY PRINCIPAL CELLO 37.00 X 243819 0 44598 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 37.00 X 235230 0 44598 4364961 0 627219 127 0 1 0 PROSKAUER ROSE LLP ELEVEN TIMES SQUARE NEW YORK NY 10036 LEGAL SERVICES 655507 SERINO COYNE 1285 AVENUE OF AMERICAS 5TH FLOOR NEW YORK NY 10023 ADVERTISING & MARKETING AGENCY 644443 HIGH POINT NETWORKS LLC 728 EAST BEATON DRIVE WEST FARGO ND 58078 NETWORKING, TECHNOLOGY SERVICES 595386 BAJADA PRODUCTIONS LLC 2525 N PEARL ST DALLAS TX 75201 CONDUCTOR 556794 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 CONSULTANTS 276222 26 184206 1604048 8343176 106531716 4411411 116663146 CONCERT RECEIPTS 711130 1164321 1164321 RECORDING & BROADCAST 711130 89576 89576 EDUCATIONAL PROGRAMS 711130 67399 67399 1321296 2620610 15888 2604722 36794 36794 112030453 94013156 18017297 18017297 18017297 0 1604048 109893 -109893 -109893 SUPP PENSION PLAN DRAW 900099 85632 85632 85632 138634882 1321296 15888 20634552 2605793 404536 1868160 333097 27899955 20812319 5034276 2053360 5160770 4104323 858863 197584 6069918 4154887 1401861 513170 1632067 1036949 428985 166133 592327 27240 565087 173079 173079 159799 159799 743461 726377 17084 799632 45000 742632 12000 681491 377540 301773 2178 3034412 35791 2670734 327887 703935 3375 700560 393 393 1267800 15400 1252400 355239 330885 18540 5814 3168 306 2070 792 8056 8056 1184577 109039 802088 273450 332634 104686 227948 PRODUCTION 1413680 977461 436219 PERFORMING ARTISTS 1301451 1301451 CONCERT HALL RENTAL 607495 607495 56731132 34448683 18220101 4062348 2105118 15068870 36756356 14517475 67437416 100244016 737809 18528685 89632 1282720 2017776 122751143 7639114 50686196 115112029 163945324 190018582 49477408 63826986 14858327 15145029 387286674 534569080 7591345 24550588 9713426 18791001 57300038 72110134 74604809 115451723 X -23822621 -28979274 336504486 448096631 312681865 419117357 387286674 534569080 X 81903750 23248716 1283026 X 0 1 X 1 0 X 58661052 44148666 50949966 76270481 116663146 346693311 58661052 44148666 50949966 76270481 116663146 346693311 97034767 249658544 2882088 3252065 2766130 2183646 2657404 13741333 524000 544150 442500 371910 85632 1968192 362402836 98496713 0.68890 0.74600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2016 AMOUNT: $ 524,000. 2017 AMOUNT: $ 544,150. 2018 AMOUNT: $ 442,500. 2019 AMOUNT: $ 371,910. 2020 AMOUNT: $ 0. SUPP PENSION PLAN DRAW - 2020 AMOUNT: $ 85,632. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 235554728 3157015 41589922 11307902 268993763 228892552 520612 18416698 12275134 235554728 221437903 17185278 1448915 11179544 228892552 213915569 6627491 13893601 12998758 221437903 216042034 5868636 18693912 26689013 213915569 0.03910 0.71430 0.24660 0 0 1725882 808945 916937 21974687 6830169 15144518 99050574 99050574 115112029 ALTERNATIVE INVESTMENTS 63826986 F 63826986 PPP LOAN 2000000 ACCRUED PENSION LIABILITY 43577300 ACCRUED POSTRETIREMENT BENEFIT 6544697 ANNUITIES PAYABLE 602715 DUE TO LINCOLN CENTER 19385422 72110134 X 163244028 23248716 704289 1283026 25236031 138007997 736778 -109893 626885 138634882 56808536 704289 109893 814182 55994354 736778 736778 56731132 PART III, LINE 1A: ARCHIVAL COLLECTION: THE SOCIETY MAINTAINS A COLLECTION OF HISTORIC AND CULTURALLY SIGNIFICANT MUSICAL DOCUMENTS. IN ACCORDANCE WITH THE COLLECTION POLICIES COMMONLY FOLLOWED BY MUSEUMS, THE COST OR VALUE OF THESE COLLECTION ITEMS IS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. EACH ITEM IS CATALOGUED, PRESERVED, AND CARED FOR,AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ITEMS PURCHASED FOR THE COLLECTION ARE RECORDED AS EXPENSES IN THE YEAR IN WHICH THE ITEMS ARE PURCHASED. PROCEEDS FROM DEACCESSIONS ARE CLASSIFIED AS UNRESTRICTED, EXCEPT WHEN DONOR RESTRICTIONS APPLY. PART III, LINE 4: DESCRIPTION OF COLLECTIONS: THE SOCIETY'S COLLECTIONS CONSIST OF ORIGINAL SCORES OF MUSIC AND OTHER HISTORIC PHOTOGRAPHS. PART V, LINE 4: THE SOCIETY'S ENDOWMENT CONSISTS OF BOTH DONOR RESTRICTED AND BOARD DESIGNATED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING, BUT NOT LIMITED TO, INSTRUMENT CHAIRS, EDUCATION, AND GUEST SOLOISTS AND CONDUCTORS. PART X, LINE 2: THE SOCIETY IS A NONPROFIT ORGANIZATION PURSUANT TO THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE NEW YORK EQUIVALENT LEGISLATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX-EXEMPT PURPOSE. THE SOCIETY EVALUATED ITS CURRENT TAX POSITIONS AND CONCLUDED THAT AS OF AUGUST 31, 2021, THE SOCIETY DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION LIABIITIES 1,346,468. CHANGE IN VALUE OF CGA -63,442. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -109,893. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 109,893. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 26243000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 40767000 NORTH AMERICA 0 0 INVESTMENTS 5472000 0 0 0 0 0 0 72482000 0 72482000 1 0 1 0 1 0 PART I, LINE 3: THE INVESTMENTS AND EXPENDITURES LISTED ON SCHEDULE F, PART I, ARE REPORTED AT FAIR VALUE AND ON THE ACCRUAL BASIS OF ACCOUNTING, RESPECTIVELY, IN ACCORDANCE WITH U.S. GAAP. PART II, LINE 1 ACCOUNTING METHOD: THE SOCIETY MAINTAINS INVESTMENTS IN FOREIGN PARTNERSHIPS AND PASSIVE FOREIGN INVESTMENT COMPANIES. ALL REQUIRED FILINGS, IF ANY, ARE COMPLETED APPROPRIATELY AND TIMELY FILED ON BEHALF OF THE SOCIETY BY THE RESPECTIVE FUND MANAGER. PART III ACCOUNTING METHOD: X X X X X X X 1 DCM 330 W 38TH ST STE 207 NEW YORK NY 10018 TELEFUNDRAISING 0 364349 99937 264412 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEFUNDRAISING 0 135951 59862 76089 500300 159799 340501 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL GALA 1143951 1143951 8457 515 100886 LUNAR NEW YEAR CELEBRATION 460097 460097 35 1604048 1604048 8457 515 100921 109893 -109893 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DEBORAH BORDA PRESIDENT & CEO 817212 0 0 0 0 0 87696 0 11324 0 916232 0 0 0 LIANG WANG PRINCIPAL OBOE 717686 0 0 0 0 0 72085 0 10607 0 800378 0 0 0 ADAM COX CHIEF OPERATING OFFICER 476942 0 150000 0 0 0 846 0 22518 0 650306 0 0 0 MATTHEW MUCKEY ASSOCIATE PRINCIPAL TRUMPET 441053 0 0 0 0 0 64404 0 31976 0 537433 0 0 0 WILLIAM THOMAS EXECUTIVE DIRECTOR 394420 0 0 0 0 0 73777 0 22518 0 490715 0 0 0 FRANK HUANG CONCERTMASTER 289411 0 0 0 0 0 42602 0 44598 0 376611 0 0 0 ISAAC THOMPSON VICE PRESIDENT OF ARTISTIC PLANNING 249135 0 62000 0 0 0 5306 0 22518 0 338959 0 0 0 MARITA ALTMAN VICE PRESIDENT OF DEVELOPMENT 288053 0 0 0 0 0 2730 0 22518 0 313301 0 0 0 CARTER BREY PRINCIPAL CELLO 243819 0 0 0 0 0 0 0 44598 0 288417 0 0 0 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 235230 0 0 0 0 0 0 0 44598 0 279828 0 0 0 PART I, LINE 1A FIRST CLASS FLIGHTS ARE PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF CONTRACTUAL OBLIGATIONS. ON OCCASION, WHEN THERE IS NO COMMERCIAL FLIGHT AVAILABLE TO ACCOMMODATE THE TOURING SCHEDULE OF THE ORCHESTRA, A CHARTER FLIGHT MUST BE USED INSTEAD. PART I, LINE 3 THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE SOCIETY THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE. THE PERSONNEL AND GOVERNANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEW AND APPROVE ANY REVISION OF EMPLOYEE COMPENSATION. WHEN CONSIDERING THE COMPENSATION OF TOP MANAGEMENT, THE PERSONNEL AND GOVERNANCE COMMITTEE REVIEWS SALARY INFORMATION OF COMPARABLE NON-PROFIT ORGANIZATIONS, WHICH INCLUDE SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE SOCIETY IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE. THE AMOUNT SHOWN ON SCHEDULE J, COLUMN C, "RETIREMENT AND OTHER DEFERRED COMPENSATION" REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ONLY. PART I, LINE 7 AS REPORTED IN SCHEDULE J, PART II, COLUMN B (II), CERTAIN EMPLOYEES ARE ELIGIBLE FOR DISCRETIONARY BONUSES UPON MEETING CERTAIN CRITERIA. X 49 4411411 FMV 0 0 1 1 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE AND NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE SOCIETY USES A THIRD PARTY SERVICE PROVIDER TO SELL ITS DONATED SECURITIES. FORM 990, PART III, LINE 4A THE NEW YORK PHILHARMONIC'S 2020/2021 SEASON WAS UNPRECEDENTED AS ALL ANNOUNCED CONCERTS FOR LIVE AUDIENCES WERE CANCELED BECAUSE OF THE COVID-19 PANDEMIC. OUTDOOR AND SOCIALLY-DISTANCED CONCERTS AND A VARIETY OF DIGITAL INITIATIVES WERE DEVELOPED, RESULTING IN 138 LIVE PERFORMANCES, ATTENDED BY MORE THAN 92,563 PEOPLE, AND VIRTUAL PERFORMANCES SHARED THROUGH A NEW STREAMING PLATFORM, SOCIAL MEDIA SITES, AND TELEVISION, TOGETHER VIEWED BY MORE THAN 714,726 PEOPLE. HIGHLIGHTS INCLUDED 1. THE INTERNATIONAL CNN AND AFFILIATE TELECAST TITLED "WE HEART NYC: THE HOMECOMING CONCERT ; THE FREE LIVE CONCERT IN CENTRAL PARK WAS ATTENDED BY 67,000 PEOPLE, AND MORE THAN HALF A MILLION VIEWED IT ACROSS THE WORLD. 2. NY PHIL BANDWAGON, WITH NY PHIL MUSICIANS PERFORMING ACROSS NEW YORK CITY, OUTDOORS, FOR FREE; THE FALL VERSION FEATURED POP-UP CONCERTS ON STREETCORNERS, AND THE SPRING EDITION FEATURED COLLABORATIONS WITH COMMUNITY-BASED ORGANIZATIONS AND ARTISTS. FORM 990, PART III, LINE 4B NY PHIL EDUCATION PROGRAMS WERE ADAPTED TO REACH NEW YORK CITY COMMUNITIES AS WELL AS STUDENTS, INSTRUCTORS, AND OTHERS IN WAYS THAT WERE SAFE AS WELL AS ILLUMINATING. THESE PROJECTS INCLUDED: A. VIDEO SERIES SHARED ON SOCIAL MEDIA, INCLUDING VIRTUAL YOUNG PEOPLE'S CONCERTS, WHICH RECEIVED MORE THAN 16,000 VIEWS, AND SOCIAL MEDIA SERIES, SUCH AS THE PRACTICE CHALLENGE AND INTERVIEWS WITH MUSICIANS ABOUT THEIR INSTRUMENTS AND EQUIPMENT, WHICH RECEIVED MORE THAN 1.5 MILLION IMPRESSIONS. B. VIRTUAL EVENTS, SUCH AS PHILHARMONIC SCHOOLS VERY YOUNG COMPOSERS VIRTUAL TRIPS, PROFESSIONAL DEVELOPMENT WORKSHOPS, AND COLLABORATIONS WITH LINCOLN CENTER FOR THE PERFORMING ARTS AND COMMUNITY ORGANIZATIONS TO SUPPORT NOT ONLY STUDENTS, BUT INDIVIDUALS WITH DEMENTIA AND CHILDREN WITH DISABILITIES. C. LEARNING @ HOME, A DIGITAL HUB FOR EDUCATIONAL RESOURCES AND ACTIVITIES HOSTED ON THE NY PHIL'S WEBSITE, WHICH WAS ACCESSED ALMOST 60,000 TIMES. FORM 990, PART VI, SECTION B, LINE 11B THE SOCIETY'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE DEPARTMENT. WHEN THE SOCIETY'S STAFF AND ACCOUNTING FIRM APPROVE THE DRAFT RETURN, IT IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE SOCIETY'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL OFFICERS,DIRECTORS, AND SENIOR STAFF TO REVIEW AND DISCLOSE POTENTIAL CONFLICTS ANNUALLY. RESPONSES ARE COMPILED AND REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE SOCIETY THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE THE PERSONNEL AND GOVERNANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEW AND APPROVE ANY REVISION OF EMPLOYEE COMPENSATION WHEN CONSIDERING THE COMPENSATION OF TOP MANAGEMENT, THE PERSONNEL AND GOVERNANCE COMMITTEE REVIEWS SALARY INFORMATION OF COMPARABLE NON-PROFIT ORGANIZATIONS, WHICH INCLUDE SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE SOCIETY IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION FINANCIAL STATEMENTS ARE POSTED ON THE SOCIETY'S WEBSITE. CONFLICT OF INTEREST POLICY AND CERTAIN GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 1,346,468. CHANGE IN VALUE OF CGA -63,442. AMENDED RETURN THE RETURN IS BEING AMENDED TO CORRECTLY REPORT THE RETIREMENT AND DEFERRED COMPENSATION AMOUNTS ON PART VII, SECTION A, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (C).