2025-05-15T10:44:14-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2023-07-01 232176338 MAZZONI CENTER MAZZ 2155630652 1348 BAINBRIDGE STREET PHILADELPHIA PA 19147 DAN CLEMONS CHIEF FINANCAL OFFICER 2155630652 2025-05-15 1 0 WILLIAM A LOUGHERY P01603932 2156433900 2025-05-15 2023 2025-03-06 01:10:19Z SIMON TROWELL 1348 BAINBRIDGE STREET PHILADELPHIA PA 19147 15361004 0 1 X WWW.MAZZONICENTER.ORG X 1979 PA TO PROVIDE QUALITY COMPREHENSIVE HEALTH, WELLNESS AND LEGAL SERVICES IN AN LGBTQ-FOCUSED ENVIRONMENT. 15 15 197 60 0 0 6159634 10514571 7696574 4200166 147230 79084 76425 26928 14079863 14820749 0 0 0 0 10176255 11797256 0 0 331095 5983411 6018791 16159666 17816047 -2079803 -2995298 20293329 21373410 11829068 17239247 8464261 4134163 X THE MISSION OF MAZZONI CENTER IS TO "PROVIDE QUALITY COMPREHENSIVE HEALTH AND WELLNESS SERVICES IN AN LGBTQ-FOCUSED ENVIRONMENT, WHILE PRESERVING THE DIGNITY AND IMPROVING THE QUALITY OF LIFE OF THE INDIVIDUALS WE SERVE." 0 0 7749054 0 3033709 MEDICAL AND BEHAVIORAL CARE SERVICES:THE ORGANIZATION OPERATES THE LARGEST COMMUNITY-BASED HEALTH CENTER IN PHILADELPHIA SERVING LGBTQ COMMUNITIES IN THE REGION. THE CENTER PROVIDES PRIMARY CARE, PREVENTATIVE CARE, GYNECOLOGICAL SERVICES, FAMILY PLANNING, HIV SCREENING AND CARE, STD SCREENING AND TREATMENT, LAB SERVICES, VACCINE ADMINISTRATION, DERMATOLOGY PROCEDURES, AND LGBT-SPECIFIC HEALTH SERVICES. THE ORGANIZATION PROVIDED 20,353 MEDICAL VISITS DURING FISCAL YEAR 2024. EXPENSES ARE ALSO OFFSET BY CONTRIBUTION INCOME NOT INCLUDED IN THE TOTAL REVENUE AMOUNT ABOVE INCLUDING CONTRIBUTIONS FROM INDIVIDUALS AND GOVERNMENT SUPPORT TO HELP OFFSET THE DISCOUNTED AND FREE CARE PROVIDED TO THE COMMUNITY. THE ORGANIZATION BECAME AND FQHC LOOKALIKE IN 2023.CONTINUED ON SCHEDULE O.THE ORGANIZATION ALSO PROVIDES OUTPATIENT MENTAL HEALTH COUNSELING AND SUBSTANCE ABUSE TREATMENT SPECIFICALLY SERVING LGBTQ COMMUNITIES IN PHILADELPHIA. SERVICES INCLUDE INDIVIDUAL, COUPLE, FAMILY, AND GROUP THERAPY. THE CONTINUUM OF BEHAVIORAL HEALTH SERVICES ALSO INCLUDES PSYCHIATRIC EVALUATION AND MEDICATION MANAGEMENT AS WELL AS AN INTENSIVE OUTPATIENT PROGRAM (IOP) FOR SUBSTANCE ABUSE. IN FISCAL YEAR 2024, THE ORGANIZATION CONDUCTED 3110 BEHAVIORAL HEALTH VISITS. 1278149 0 642892 PREVENTION, EDUCATION AND LEGAL SERVICES:THE ORGANIZATION PROVIDES COMMUNITY OUTREACH (STREET, INTERNET, SOCIAL MEDIA, ETC.) AIMED AT LINKING AT-RISK INDIVIDUALS TO HIV TESTING, STI SCREENING, AND OTHER SERVICES. THE ORGANIZATION OPERATES THE LARGEST PRIVATE HIV TESTING AND STI SCREENING PROGRAM IN PHILADELPHIA. IN FISCAL YEAR 2024, THE ORGANIZATION PROVIDED 4,483 HIV TESTS AND OVER 3,955 STI TESTS TO THE COMMUNITY. THE OUTREACH TEAM ALSO DISTRIBUTED 163,225 CONDOMS IN THE COMMUNITY.CONTINUED ON SCHEDULE O.THE ORGANIZATION PROVIDES EDUCATION AND PROFESSIONAL DEVELOPMENT TRAININGS ON LGBTQ SPECIFIC ISSUES TO MEDICAL, BEHAVIORAL HEALTH, LEGAL, AND OTHER SERVICES PROVIDERS IN PENNSYLVANIA. IN FISCAL YEAR 2024, 5,801 INDIVIDUALS RECEIVED EDUCATION SERVICES. THE ORGANIZATION PROVIDES DIRECT LEGAL SERVICES TO LGBTQ INDIVIDUALS AND HOUSEHOLDS IN THE PHILADELPHIA REGION. IN FISCAL YEAR 2024, 507 INDIVIDUALS RECEIVED THESE SERVICES. 1339000 0 523565 SOCIAL CARE SERVICES:THE ORGANIZATION PROVIDES MEDICAL CASE MANAGEMENT FOR PEOPLE LIVING WITH HIV/AIDS AND AT-RISK LGBTQ YOUTH AND ADULTS. SERVICES INCLUDE BIOPSYCHOSOCIAL ASSESSMENT, COORDINATION OF MEDICAL CARE, AND ACCESS TO HEALTH INSURANCE AND OTHER BENEFITS. THE PROGRAM ALSO PROVIDES HOUSING SUBSIDIES AND FOOD BANK SERVICES FOR PEOPLE LIVING WITH HIV/AIDS AND THEIR FAMILIES. IN FISCAL YEAR 2024, 1,610 INDIVIDUALS RECEIVED FOOD, CASE MANAGEMENT, HOUSING SUBSIDY SERVICES, LINKAGE TO MEDICAL CARE, AND ONGOING CONNECTIONS TO COMMUNITY RESOURCES. 10366203 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 135 0 197 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X DANIEL CLEMONS 2155630652 1348 BAINBRIDGE STREET PHILADELPHIA PA 19147 JEFFREY DOUCETTE PRESIDENT 10.00 X X 0 0 0 KARL-ANTHONY JONES VICE PRESIDENT 10.00 X X 0 0 0 TAYLOR COBB TREASURER 10.00 X X 0 0 0 MARIANNE PRICE SECRETARY 10.00 X X 0 0 0 NU'RODNEY T PRAD MS MEMBER (UNTIL 03/2024) 2.00 X 0 0 0 CHRISTOPHER WILSON MEMBER 2.00 X 0 0 0 ASHLEY ARCHER MEMBER (UNTIL 11/2023)) 2.00 X 0 0 0 ASHLEY BRANDT BOARD MEMBER (UNTIL 09/2023) 2.00 X 0 0 0 ELIAS GONZALEZ BOARD MEMBER (UNTIL 08/2023) 2.00 X 0 0 0 ANA HARTL BOARD MEMBER 2.00 X 0 0 0 LAUREN HART BOARD MEMBER (FROM 03/2024) 2.00 X 0 0 0 JAMES HOELZ BOARD MEMBER (FROM 03/2024) 2.00 X 0 0 0 JOSHUA JOHNSTON BOARD MEMBER (FROM 03/2024) 2.00 X 0 0 0 AKSHAY KAMATH BOARD MEMBER (FROM 04/2024) 2.00 X 0 0 0 DEMOSTHENES LYMBEROPOULOS BOARD MEMBER (FROM 01/2024) 2.00 X 0 0 0 MICHAEL NYUGEN BOARD MEMBER 2.00 X 0 0 0 ACE QUINTANA BOARD MEMBER (FROM 01/2024) 2.00 X 0 0 0 AMY SUMMA BOARD MEMBER (UNTIL 01/2024) 2.00 X 0 0 0 ELTON TAYLOR BOARD MEMBER (UNTIL 03/2024) 2.00 X 0 0 0 SIMON TROWELL BOARD MEMBER (FROM 01/2024) 2.00 X 0 0 0 DYLAN VAN DUYNE BOARD MEMBER (FROM 01/2024) 2.00 X 0 0 0 SULTAN SHAKIR PRESIDENT AND EXECUTIVE OFFICER 40.00 X 210000 0 24864 GEOFFREY BRUEN EXEC. LEGAL OFFICER 40.00 X 170000 0 26082 ALECIA MANLEY EXECUTIVE OPERATING OFFICER 40.00 X 162192 0 25569 NANCY BRISBON EXECUTIVE MEDICAL OFFICER (UNTIL 07/2023) 40.00 X 163792 0 12231 DAVID WEISBERG EXEC. DEV. & COMM. OFF. 40.00 X 150384 0 20484 RACHELLE TRITINGER EXEC. FINANCIAL OFF. 40.00 X 150000 0 18074 STACEY TROOSKIN EXECUTIVE MEDICAL OFFICER (FROM 07/2023) 40.00 X 105769 0 4787 MARK WATKINS PHYSICIAN 40.00 X 203827 0 28422 BILLIE SWIGGARD PHYSICIAN 40.00 X 191538 0 19916 HILARY ROSENSTEIN ASSISTANT MEDICAL DIRECTOR 40.00 X 181589 0 27468 RACHEL SPRINGER PHYSICIAN 40.00 X 169231 0 24410 JUDITH MORRISSEY BEHAVIORAL HEALTH DIRECTOR 40.00 X 158880 0 17356 2017202 0 249663 20 0 1 0 ATHENAHEALTH INC PO BOX 415615 BOSTON MA 02241 ELECTRONIC MEDICAL RECORD SERVICE 189515 ADDISON GROUP 2000 MARKET ST SUITE 1000 PHILADELPHIA PA 19103 TEMP STAFFING 107297 2 97064 7656592 2760915 10514571 THIRD PARTY BILLING 621400 4052362 4052362 PROFESSIONAL DEVELOPMENT/TRAINING 611430 115028 115028 PHILA. TRANS WELLNESS CONFERENCE 611430 28206 28206 BEHAVIORAL HEALTH PROGRAM 621400 4570 4570 4200166 90824 90824 37186 0 37186 37186 37186 499666 511406 -11740 -11740 -11740 6300 97064 28849 -22549 -22549 OTHER REVENUE 900099 12291 12291 12291 14820749 4200166 0 106012 1302391 165419 952877 184095 8095008 6947128 1133160 14720 223387 23152 200235 1479208 169749 1309459 697262 577028 106813 13421 92223 11011 73054 8158 205639 24552 162896 18191 45000 45000 5493 5493 421525 162967 219041 39517 500 500 480256 14580 420357 45319 138223 138223 447083 59767 387316 2617 1734 615 268 32811 12855 19456 500 496944 496944 433473 433473 366684 37398 329286 PROGRAM EXPENSES 2450981 2076544 368560 5877 RECRUITING 175559 41555 134004 BAD DEBT 118475 118475 PROFESSIONAL DEVELOPMEN 17321 16494 827 87984 24270 63185 529 17816047 10366203 7118749 331095 644463 11157 71802 1761224 3651370 4654374 63142 7583 650759 175984 16489381 3907420 12988975 12581961 1926165 1558840 306970 271108 28036 49511 33449 229866 20293329 21373410 1196596 5489600 192347 10632472 10781592 554750 0 220958 11829068 17239247 X 8382449 1817570 81812 2316593 8464261 4134163 20293329 21373410 X -2995298 30886 -1329824 -35862 X X 0 0 1 0 X 6114180 7821815 7550023 6159634 10514576 38160228 6114180 7821815 7550023 6159634 10514576 38160228 38160228 216704 222896 292787 249124 128010 1109521 89029 14114 12179 12286 127608 39397357 34343224 0.96860 0.96270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS REVENUE FROM SPECIAL FUNDRAISING EVENTS - PROFESSIONAL DEVELOPMENT - MEDICAL INCENTIVES - 2019 AMOUNT: $ 62,129. 2020 AMOUNT: $ 3,113. 2021 AMOUNT: $ 12,146. LEGAL SETTLEMENTS-CLIENT CASES - MEDICAL RECORDS - REFUNDS - EXTERNAL AGENCIES - JURY DUTY - OTHER REVENUE - 2019 AMOUNT: $ 26,900. 2020 AMOUNT: $ 11,001. 2021 AMOUNT: $ 33. 2023 AMOUNT: $ 12,286. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 45000 0 0 45000 0 14282712 2563054 11719658 1159107 304828 854279 1047562 1039538 8024 12581961 LEASE LIABILITY 220958 220958 X PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS OR ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME TAXES. BECAUSE THE ORGANIZATION IS THE SOLE MEMBER OF THE LLC, THE LLC WILL BE TREATED AS A DISREGARDED ENTITY FOR TAX PURPOSES AND, THEREFORE, THEIR ACTIVITIES ARE COMBINED WITH THE ORGANIZATION AND REPORTED AS ONE. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. MAZZONI HONORS 97000 97000 8679 15535 4513 ART AUCTION 6364 64 6300 122 103364 97064 6300 8679 15535 4635 28849 -22549 X X X X X 0 0 0 0 0 0 0 0 0 SULTAN SHAKIR PRESIDENT AND EXECUTIVE OFFICER 210000 0 0 0 0 0 11631 0 13233 0 234864 0 0 0 MARK WATKINS PHYSICIAN 203827 0 0 0 0 0 14044 0 14378 0 232249 0 0 0 BILLIE SWIGGARD PHYSICIAN 191538 0 0 0 0 0 5538 0 14378 0 211454 0 0 0 HILARY ROSENSTEIN ASSISTANT MEDICAL DIRECTOR 181589 0 0 0 0 0 12514 0 14954 0 209057 0 0 0 GEOFFREY BRUEN EXEC. LEGAL OFFICER 170000 0 0 0 0 0 11704 0 14378 0 196082 0 0 0 RACHEL SPRINGER PHYSICIAN 169231 0 0 0 0 0 11177 0 13233 0 193641 0 0 0 ALECIA MANLEY EXECUTIVE OPERATING OFFICER 162192 0 0 0 0 0 11191 0 14378 0 187761 0 0 0 JUDITH MORRISSEY BEHAVIORAL HEALTH DIRECTOR 158880 0 0 0 0 0 10999 0 6357 0 176236 0 0 0 NANCY BRISBON EXECUTIVE MEDICAL OFFICER (UNTIL 07/ 163792 0 0 0 0 0 11252 0 979 0 176023 0 0 0 DAVID WEISBERG EXEC. DEV. & COMM. OFF. 150384 0 0 0 0 0 518 0 19966 0 170868 0 0 0 RACHELLE TRITINGER EXEC. FINANCIAL OFF. 150000 0 0 0 0 0 750 0 17324 0 168074 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 DURING THE TAX YEAR, THE ORGANIZATION AMENDED ITS BYLAWS AS FOLLOWS: 1) THE BOARD HOLDS EXCLUSIVE OVERSIGHT AUTHORITY FOR MAZZONI CENTER, AND NO INDIVIDUAL, ENTITY, OR COMMITTEE CAN OVERRIDE THIS AUTHORITY. COLLABORATIONS OR AGREEMENTS WITH OTHER ENTITIES CANNOT LIMIT THE BOARD'S REQUIRED FUNCTIONS AND POWERS. THE BOARD IS RESPONSIBLE FOR APPROVING THE SELECTION, EVALUATION, AND DISMISSAL OF THE PEO, MONITORING THE HEALTH CENTER'S FINANCIAL STATUS, CONDUCTING STRATEGIC PLANNING, APPROVING PROGRAM BUDGETS AND APPLICATIONS, SERVICES, AND OPERATIONAL DETAILS, EVALUATING PROGRAM PERFORMANCE, AND ESTABLISHING POLICIES RELATED TO OPERATIONS. ADDITIONALLY, THE BOARD ENSURES COMPLIANCE WITH FEDERAL, STATE, AND LOCAL LAWS AND REGULATIONS. PREVIOUSLY THERE WAS NO PROVISION REGARDING THE BOARD'S AUTHORITY AND OVERSIGHT DUTIES. 2) THE MINIMUM NUMBER OF DIRECTORS CHANGED FROM NOT LESS THAN SEVEN TO NOT LESS THAN NINE. 3) THE BOARD WILL ALSO MAKE EFFORTS TO MAINTAIN AND MINIMUM NUMBER OF 15 DIRECTORS AT ALL TIMES BUT MAY FUNCTION WITH 9 WHILE WORKING TO RECRUIT ADDITIONAL DIRECTORS. PREVIOUSLY THERE WAS NO PROVISION TO MAINTAIN A MINIMUM OF 15 DIRECTORS. 4) AT LEAST 51% OF BOARD MEMBERS AT ANY GIVEN TIME MUST BE PATIENTS OF MAZZONI CENTER. A PATIENT IS ANY INDIVIDUAL THAT HAS RECEIVED AT LEAST ONE HEALTH CARE SERVICE WITHIN THE LAST 24 MONTHS. NON-PATIENT BOARD MEMBERS SHOULD PROVIDE RELEVANT EXPERTISE INCLUDING HEALTHCARE EXPERIENCE, COMMUNITY AFFAIRS, LOCAL GOVERNMENT, FINANCE AND BANKING, LEGAL AFFAIRS, TRADE UNIONS AND OTHER COMMERCIAL AND INDUSTRIAL CONCERNS, OR SOCIAL SERVICES. NON-PATIENT BOARD MEMBERS SHOULD ALSO NOT DERIVE MORE THAN 10% OF THEIR ANNUAL INCOME FROM THE HEALTHCARE INDUSTRY. MAZZONI CENTER EMPLOYEES AND THEIR IMMEDIATE FAMILY MEMBERS CANNOT BE BOARD MEMBERS. PREVIOUSLY THERE WAS NO PROVISION FOR NON-PATIENT BOARD MEMBERS. 6) THE GOVERNANCE COMMITTEE AND RECRUITMENT COMMITTEE HAVE BEEN CONSOLIDATED INTO ONE COMMITTEE KNOWN AS THE GOVERNANCE AND RECRUITMENT COMMITTEE. 7) AN OUTGOING BOARD PRESIDENT IS ELIGIBLE TO BE APPOINTED BY AN INCOMING BOARD PRESIDENT AS AN EX OFFICIO MEMBER FOR UP TO AN ADDITIONAL YEAR. PREVIOUSLY ALL DIRECTORS WERE LIMITED TO SERVING TWO CONSECUTIVE THREE-YEAR TERMS. 8) PREVIOUSLY, ANY DIRECTOR COULD BE REMOVED FROM OFFICE WITHOUT CAUSE BY A 75% VOTE OF THE MEMBERS OF THE BOARD. THIS PROVISION HAS BEEN REMOVED. 9) BOARD MEMBERS MAY TAKE A LEAVE OF ABSENCE DURING THEIR TERM FOR UP TO 1 YEAR. IF THIS LEAVE WOULD REDUCE THE NUMBER OF DIRECTORS TO LESS THAN 15, THE PRESIDENT MAY END THE LEAVE AND RECALL THE DIRECTOR WITH ADVANCE WRITTEN NOTICE. PREVIOUSLY THERE WAS NO SUCH PROVISION. 10) OFFICERS OF THE BOARD WILL NOT INCLUDE NON-BOARD OFFICERS SUCH AS THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF MEDICAL OFFICER, OR CHIEF OPERATING OFFICER. PREVIOUSLY, OFFICERS OF THE BOARD INCLUDED THESE NON-BOARD OFFICERS. 11) DIRECTORS OF THE BOARD CAN DELAY THE ELECTIONS OF OFFICERS BY 90 DAYS IN EXTENUATING CIRCUMSTANCES. PREVIOUSLY THERE WAS NO SUCH PROVISION. 12) THE VICE PRESIDENT OF THE BOARD WILL OVERSEE ALL BOARD COMMITTEES AND ACT AS THE LIAISON BETWEEN COMMITTEE CHAIRS, THE EXECUTIVE COMMITTEE AND THE BOARD PRESIDENT. PREVIOUSLY THERE WAS NO SUCH PROVISION. 13) THE BOARD TREASURER WILL NOW SIT AS A MEMBER OF THE MAZZONI CENTER'S 403B TRUSTEE COMMITTEE. PREVIOUSLY THIS WAS NOT THE ROLE OF THE TREASURER. 14) THE BOARD PRESIDENT HAS THE AUTHORITY TO APPROVE AND REMOVE AN ADDITIONAL NON-OFFICER DIRECTOR AS AN AT-LARGE VOTING MEMBER OF THE EXECUTIVE COMMITTEE, WITH ANY REMOVAL COMMUNICATED TO THE FULL BOARD IN WRITING. PREVIOUSLY THERE WAS NO SUCH PROVISION. 15) THE EXECUTIVE COMMITTEE WILL APPOINT ALL STANDING COMMITTEE CHAIRS NOT SPECIFICALLY SET BY THE BYLAWS. PREVIOUSLY THERE WAS NO SUCH PROVISION. 16) PREVIOUSLY ANY TRANSACTION EXCEEDING $5,000 AND INVOLVING A POSSIBLE CONFLICT OF INTEREST MUST BE PRESENTED TO THE BOARD OR EXECUTIVE COMMITTEE. THERE IS NOW NO TRANSACTION AMOUNT THRESHOLD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY THE CFO AND DESIGNATED BOARD/COMMITTEE MEMBERS. PRIOR TO FILING, THE ENTIRE BOARD RECEIVES A COMPLETE COPY OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND OFFICERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. AN INTERESTED PERSON IS A PERSON WHO HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT OR FAMILY: (1) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH MAZZONI CENTER HAS A TRANSACTION OR ARRANGEMENT, (2) A COMPENSATION ARRANGEMENT WITH MAZZONI CENTER, (3) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH MAZZONI CENTER IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST. A CONFLICT OF INTEREST WILL EXIST ONLY IF THE BOARD OR EXECUTIVE COMMITTEE DECIDES THAT SUCH CONFLICT EXISTS. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST TO THE BOARD OR EXECUTIVE COMMITTEE. AFTER MAKING THE PRESENTATION REGARDING A TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION AND THE VOTE. ANY TRANSACTION EXCEEDING $5,000 AND INVOLVING A POSSIBLE CONFLICT OF INTEREST MUST BE PRESENTED BY STAFF TO THE BOARD OR EXECUTIVE COMMITTEE. THE BOARD OR EXECUTIVE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN MAZZONI CENTER'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE. EACH DIRECTOR AND OFFICER SHALL ANNUALLY SIGN A COPY OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE PRESIDENT & CEO'S COMPENSATION WAS SET BY BENCHMARKING WITH SIMILAR ORGANIZATIONS, DISCUSSED WITH THE EXECUTIVE COMMITTEE, AND APPROVED BY THE BOARD. THE BOARD APPROVED THE CEO'S SALARY FOR THE FISCAL YEAR BY WAY OF APPROVING THE BUDGET FOR FISCAL YEAR 2024. THE PROCESS FOR DETERMINING COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION INCLUDES USING MARKET BENCHMARKS AND COMPARABILITY DATA FROM OTHER ORGANIZATIONS OF COMPARABLE SIZE IN THE SAME MARKET. OTHER OFFICER AND KEY EMPLOYEES COMPENSATION IS THEN FORMALIZED IN A CONTRACT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS READILY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT -35,862. 1334-48 BAINBRIDGE STREET LLC 1348 BAINBRIDGE STREET PHILADELPHIA PA 19147 821911541 LEASING AND IMPROVING REAL PROPERTY PA 84289 12600151 MAZZONI CENTER