2020-06-10T15:54:50-05:00 2019-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-07-01 133630066 APOLLO THEATER FOUNDATION INC APOL 2125315300 253 WEST 125TH STREET NEW YORK NY 10027 JONELLE PROCOPE PRESIDENT 2125315300 2020-03-12 1 DONALD SHAEFITZ P00449034 2126972299 38.142.140.186 2020-03-12 14:54:41 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D DBE18FE2ACD4B942C6F7693BC5EA514499409670 2018 2021-01-29 14:40:06Z JONELLE PROCOPE 253 WEST 125TH STREET NEW YORK NY 10027 19344294 0 X WWW.APOLLOTHEATER.ORG X 1991 NY THE APOLLO THEATER IS A COMMISSIONER AND PRESENTER; CATALYST FOR NEW ARTISTS, AUDIENCES, AND CREATIVE WORKFORCE; AND PARTNER IN THE PROJECTION OF THE AFRICAN AMERICAN NARRATIVE AND ITS ROLE IN THE DEVELOPMENT OF AMERICAN AND GLOBAL CULTURE. 28 27 497 27 0 -250 10502940 12392785 6703754 5325249 147 237 390663 472296 17597504 18190567 0 0 0 0 8552773 8671510 0 0 2266156 9016623 8701352 17569396 17372862 28108 817705 45791326 47113769 2299117 2803855 43492209 44309914 X THE APOLLO THEATER IS A COMMISSIONER AND PRESENTER; CATALYST FOR NEW ARTISTS, AUDIENCES, AND CREATIVE WORKFORCE; AND PARTNER IN THE PROJECTION OF THE AFRICAN AMERICAN NARRATIVE AND ITS ROLE IN THE DEVELOPMENT OF AMERICAN AND GLOBAL CULTURE. THE APOLLO THEATER ENVISIONS A NEW AMERICAN CANON CENTERED ON CONTRIBUTIONS TO THE PERFORMING ARTS BY ARTISTS OF THE AFRICAN DIASPORA, IN AMERICA AND BEYOND. 0 0 10475328 5325249 2018 - 2019 PERFORMING ARTS PROGRAMSFY 2019 WAS THE APOLLO'S 85TH ANNIVERSARY SEASON AND IT CELEBRATED ITS LEGACY THROUGHOUT THE YEAR. AMATEUR NIGHT RUNS ANNUALLY ON WEDNESDAYS ALL YEAR, FEATURING COMPETITION FROM EMERGING TALENT, WITH PARTICIPATION FROM LIVE AND DIGITAL AUDIENCES. THE 2018-2019 SEASON OPENED WITH SAY IT LOUD - I'M BLACK AND I'M PROUD AT 50! CELEBRATING THE 50TH ANNIVERSARY OF JAMES BROWN'S BLACK POWER ANTHEM. THE CONCERT, LED BY MUSICAL DIRECTOR AND JAZZ ARTIST CHRISTIAN MCBRIDE, INCLUDED AN ALL-STAR BAND ... CONTINUED ON SCHEDULE O OF PERFORMERS WHO WORKED WITH BROWN. SPECIAL GUESTS INSPIRED BY HIM INCLUDE VOCALISTS RAHEEM DEVAUGHN, LISA FISCHER, NONA HENDRYX, LEE FIELDS & AVERY SUNSHINE.THE APOLLO AGAIN PARTNERED WITH AFROPUNK, AS PART OF THE APOLLO'S BLACK HISTORY MONTH CELEBRATION, WITH A WEEKEND OF MUSIC BY KAMASI WASHINGTON AND HIS 10-PIECE BAND, THE NEXT STEP, WHO PLAY CROSS MUSICAL GENRES FROM JAZZ, TO HIP-HOP, CLASSICAL AND R&B. THE APOLLO PRESENTED TWISTED MELODIES, A ONE-MAN SHOW BASED ON THE LIFE OF SOUL SINGER, COMPOSER AND APOLLO LEGEND, DONNY HATHAWAY. IT IS AN IMMERSIVE AND CRUSHING PLAY ABOUT THE BRILLIANT MUSICIAN'S INNER STRUGGLES, PERFORMED BY KELVIN ROSTON, JR.IN 2018-2019, THE APOLLO PRESENTED AN ENCORE OF THE WOMEN OF THE WORLD (WOW) FESTIVAL. THE FOUR-DAY FESTIVAL TOOK PLACE DURING WOMEN'S HISTORY MONTH 2019. THIS WAS THE THIRD ITERATION OF THIS BIENNIAL FESTIVAL AT THE APOLLO. THE FOCUS OF THE WOW FESTIVAL IS FEMALE ARTISTS AND ACTIVISTS, AND ALL OF THE PERFORMANCES, PANEL DISCUSSIONS, FILM SCREENINGS, AND INTERACTIVE DIALOGUES ARE GROUNDED IN THE SPIRIT OF RESISTANCE THROUGH ARTISTIC EXPRESSION.FOR ITS 6TH CONSECUTIVE YEAR, THE AFRICA NOW! FESTIVAL SHOWCASED AFRICA'S GROWING PROMINENCE BY PRESENTING CONTEMPORARY MUSICIANS ALONGSIDE CULTURAL INNOVATORS TRANSFORMING TELEVISION, PODCASTS AND FILM. LUVVIE AJAYI AND YVONNE ORJI (BOTH FROM NIGERIA) OF THE POPULAR PODCAST "JESUS AND JOLLOF" HELD A LIVE CONVERSATION WITH A LIVE PERFORMANCE BY KALETA & SUPER YAMBA BAND, HOSTED BY YOUNG PRINCE AND MUSIC BY DJ MOMA.NOW IN ITS 13TH YEAR, THE APOLLO SALON SERIES EXTENDS THE THEATER'S LEGACY OF NURTURING MID-CAREER AND ESTABLISHED ARTISTS BY PROVIDING CRITICAL SUPPORT IN THEIR CREATION OF NEW WORK ACROSS ARTISTIC DISCIPLINES. IT ALSO PROVIDES A TESTING GROUND FOR NEW LARGE-SCALE PROJECTS THAT MIGHT BE PRESENTED ON THE APOLLO'S MAINSTAGE OR ELSEWHERE, AND DEVELOPS NEW AUDIENCES. ARTISTS RECEIVE UP TO 2 WEEKS FOR DEVELOPMENT AND UP TO 4 WORKSHOP PERFORMANCES. IN FY19, THE APOLLO HAD TWO RESIDENCIES IN THE FALL AND SPRING THAT INCLUDED A TOTAL OF THREE PERFORMANCES: - LELUND DUROND THOMPSON AND JASON MICHAEL WEBB CONTINUED WORK ON A NEW MUSICAL ENTITLED WILDFLOWER IN PARTNERSHIP WITH NATIONAL BLACK THEATRE;- HARLEM TO HOLLYWOOD FEATURING ACTOR/WRITER AND HARLEM NATIVE, MALIK YOBA WORKSHOPPED HIS THEATER PIECE.EACH YEAR, THE APOLLO PRESENTS HOLIDAYS AT THE APOLLO, A SERIES OF HOLIDAY PROGRAMMING, COMMUNITY PROGRAMS AND A CHANCE TO MEET SANTA UNDER THE MARQUEE. A CENTRAL PART OF THE SERIES WAS THE HOLIDAY JOY CONCERT, AN EVENING OF UPLIFTING MUSIC TO CELEBRATE THE SEASON WITH HEZIKIYA WALKER AND CECE WINANS.THE APOLLO MUSIC CAF SERIES, WHICH RUNS FROM OCTOBER - JUNE FOR 2 PERFORMANCES/PER MONTH, BRINGS NYC'S BEST UNDERGROUND ARTISTS TO HARLEM AND OFFERS PERFORMANCES IN A CAF SETTING ON THE SOUNDSTAGE. THIS SERIES EXPOSES AUDIENCES TO A MIX OF ARTISTS INCLUDING LIVE MUSIC AND POWERFUL PERFORMANCES BY VOCALISTS, SPOKEN WORD ARTISTS, AND MASTERFUL DJS. MANY MUSIC CAF PERFORMANCES ARE TIED TO MAINSTAGE AND GLOBAL FESTIVAL PROGRAM THEMES PROVIDING AUDIENCES WITH AN ARRAY OF WAYS TO EXPERIENCE THE APOLLO.SIMILAR IN STRUCTURE TO THE MUSIC CAF, THE APOLLO PRODUCES APOLLO COMEDY CLUB IN PARTNERSHIP WITH THE LEGENDARY BOB SUMNER (PRODUCER OF DEF COMEDY JAM, CREATOR OF LAFFMOBB ON ASPIRE. TWO TO THREE EMERGING COMEDIANS PERFORM THE FIRST THURSDAY OF EACH MONTH FROM OCTOBER- JUNE IN THE APOLLO'S SOUNDSTAGE. 3201013 EDUCATION AND COMMUNITY ENGAGEMENTTHE APOLLO REMAINS A LEADING CULTURAL ANCHOR FOR UPPER MANHATTAN AND THE 125TH STREET CORRIDOR, ENGAGING AN ANNUAL AUDIENCE OF MORE THAN 200,000, INCLUDING HARLEM AND NEW YORK RESIDENTS AS WELL AS NATIONAL AND INTERNATIONAL TOURISTS. IN ADDITION TO PERFORMING ARTS, THE APOLLO OFFERS COMMUNITY PROGRAMS THAT ADDRESS IMPORTANT ISSUES AND MEANINGFULLY ENGAGE OUR NEIGHBORHOOD INCLUDING: THE ANNUAL FREE HARLEM HEALTHY SOUL FESTIVAL; A FREE ANNUAL OPEN HOUSE; APOLLO HISTORIC BACKSTAGE TOURS; THE FREE UPTOWN HALL SERIES FOSTERING DIALOGUE AROUND PRESSING ISSUES IN OUR COMMUNITY; A MONTH OF FREE AND AFFORDABLE HOLIDAY PROGRAMMING EACH DECEMBER; AND AN ARRAY OF FREE AND LOW-COST PROGRAMS THROUGHOUT THE YEAR, INCLUDING A WIDE-REACHING TICKET ACCESS PROGRAM ENSURING BROAD ACCESSIBILITY TO THE THEATER'S RANGE OF PERFORMING ARTS AND ENTERTAINMENT. THE APOLLO THEATER IS COMMITTED TO ENGAGING STUDENTS AND YOUTH THROUGH INNOVATIVE EDUCATION INITIATIVES. THE APOLLO THEATER ACADEMY OFFERS HANDS-ON PROGRAMS TO DEVELOP CAREER AND LEADERSHIP SKILLS IN UNDER-SERVED TEENS BY ENGAGING THEM IN "BEHIND THE SCENES" ARTS AND ENTERTAINMENT PROFESSIONS INCLUDING TECHNICAL THEATER APPRENTICESHIPS, ADMINISTRATIVE INTERNSHIPS, AND INFORMATIVE PANEL DISCUSSIONS. THE APOLLO ORAL HISTORY PROJECT IS AN IN-DEPTH IN-SCHOOL PROGRAM WHERE HARLEM STUDENTS TRANSFORM LOCAL HISTORY INTO ORIGINAL THEATRICAL AND MULTIMEDIA PROJECTS. EXTENDING THE APOLLO EXPERIENCE TO A NEW GENERATION OF THEATERGOERS WHILE SUPPORTING CLASSROOM LEARNING AND IN-SCHOOL WORK, SCHOOL DAY LIVE AND FAMILY SHOWTIME PERFORMANCES ALLOW MORE THAN 11,000 STUDENTS, TEACHERS, AND FAMILIES TO EXPERIENCE WORLD-CLASS PERFORMING ARTS PRESENTATIONS ON THE APOLLO STAGES. THROUGH ITS PERFORMING ARTS PROGRAM, EDUCATION AND COMMUNITY INITIATIVES, AND OTHER ENDEAVORS SUCH AS DIGITAL MEDIA AND THE ARCHIVES, THE ICONIC APOLLO THEATER EXTENDS ITS LEGACY AS A WORLD RENOWNED PERFORMING ARTS CENTER AND A NURTURING HOME FOR DIVERSE ARTISTS. THE THEATER CONTINUES TO SHOWCASE POPULAR AND EMERGING TALENT AND ENGAGE AUDIENCES WITH ITS ARTISTIC, EDUCATION AND COMMUNITY PROGRAMMING. WITH DEMONSTRATED LONGEVITY AS A SIGNIFICANT AMERICAN CULTURAL CENTER, THE APOLLO REMAINS A CELEBRATED AND ACCESSIBLE VENUE FOR DIVERSE AUDIENCES, ARTISTS AND COMMUNITIES. 13676341 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 146 0 1 497 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 2125315307 253 WEST 125TH STREET NEW YORK NY 10027 RICHARD PARSONS CHAIRMAN 1.00 X X 0 0 0 WILLIE E WOODS TREASURER 1.00 X X 0 0 0 DAISEY M HOLMES SECRETARY 1.00 X X 0 0 0 RONALD O PERELMAN VICE CHAIRMAN 1.00 X X 0 0 0 CHARLES PHILLIPS VICE CHAIRMAN 1.00 X X 0 0 0 NIKKI A BETHEL MEMBER 1.00 X 0 0 0 TINA R DAVIS MEMBER 1.00 X 0 0 0 JOHN D DEMSEY MEMBER 1.00 X 0 0 0 T TROY DIXON MEMBER 1.00 X 0 0 0 YOLANDA FERRELL-BROWN MEMBER 1.00 X 0 0 0 MAYA L HARRIS MEMBER 1.00 X 0 0 0 PAUL TUDOR JONES II MEMBER 1.00 X 0 0 0 ROBERT K KRAFT MEMBER 1.00 X 0 0 0 LOIDA NICOLAS LEWIS MEMBER 1.00 X 0 0 0 CAROLYN MINICK MASON MEMBER 1.00 X 0 0 0 RACQUEL ODEN MEMBER 1.00 X 0 0 0 KAREN L PAVLIN MEMBER 1.00 X 0 0 0 VERDUN PERRY MEMBER 1.00 X 0 0 0 JOANN PRICE MEMBER 1.00 X 0 0 0 MARCUS SAMUELSSON MEMBER 1.00 X 0 0 0 LESLIE M UGGAMS MEMBER 1.00 X 0 0 0 BRONSON VAN WYCK MEMBER 1.00 X 0 0 0 DAWANNA WILLIAMS MEMBER 1.00 X 0 0 0 PHARRELL WILLIAMS MEMBER 1.00 X 0 0 0 PATRICIA MILLER ZOLLAR MEMBER 1.00 X 0 0 0 ALFRED C LIGGINS III MEMBER 1.00 X 0 0 0 JONELLE PROCOPE PRESIDENT & CEO 35.00 X 269162 0 11175 ALDO SCROFANI COO 35.00 X 180000 0 0 KAMILAH FORBES EXECUTIVE PRODUCER 35.00 X 190510 0 7620 MICHELE PAGNOTTA THROUGH 112018 SR. DIRECTOR OF FINANCE 35.00 X 170221 0 19084 KELLY MCKAIG AS OF 32019 SR. DIRECTOR OF FINANCE 35.00 X 0 0 0 DONNA LIEBERMAN SR. DIRECTOR OF DEVELOPMENT 35.00 X 186778 0 15618 LAURA E GREER ASSOCIATE PRODUCER 35.00 X 144082 0 14138 NEIL J LEVY GENERAL MANAGER 35.00 X 155164 0 13936 JING HE CHIEF OF STAFF 35.00 X 118278 0 12979 JACQUES BRUNSWICK FORMER OFFICER - 2018 REAL ESTATE PROJECTS 35.00 X 141598 0 3265 1555793 0 97815 9 1 1 0 COMMUNITY COUNSELING SERVICE 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CAMPAIGN CONSULTANTS 693500 HUDSON MEDIA SERVICES LLC 3 STONE DRIVE WEST ORANGE NY 07052 MARKETING 311969 ARTS MANAGER DEVOS INSTITUTE OF ARTS MA 1300 PENNSLYVANIA AVENUE NW SUITE WASHINGTON DC 20004 STRATEGIC PLANNING & COO CONSULTING 105925 3 5080711 771300 6540774 179213 12392785 ADMISSIONS 711300 2738273 2738273 FACILITY RENTAL 711300 2489226 2489226 LICENSING FEES 900099 97750 97750 5325249 237 237 996594 5080711 996594 0 549282 157133 392149 392149 MISCELLANEOUS INCOME 900099 80147 80147 80147 18190567 5325249 0 472533 742629 390618 216622 135389 7330499 5689831 515454 1125214 343700 266775 24168 52757 227816 192713 21983 13120 26866 20268 2408 4190 47740 16709 19096 11935 64213 7706 56507 1487859 1298983 31473 157403 363168 357998 154 5016 1109571 847005 93584 168982 499576 191300 181407 126869 591576 534997 15404 41175 109790 28425 29071 52294 1549470 1549470 232861 81492 93128 58241 PROFESSIONAL EMPLOYEE O 1508573 1206858 120686 181029 ARTIST FEES 672727 666974 3540 2213 OTHER EXPENSES 282326 218332 3478 60516 HOSPITALITY 181902 109887 2202 69813 17372862 13676341 1430365 2266156 768376 286280 60350 2151845 6266111 6754182 329189 568619 90297 97935 148691 231997 53880804 17607686 37378519 36273118 749793 749793 45791326 47113769 1067156 1261744 281961 342111 950000 1200000 2299117 2803855 X 38458719 36491290 4983490 7768624 50000 50000 43492209 44309914 45791326 47113769 817705 0 X 0 1 X 1 0 X 6786924 7454458 11859438 10502940 12392785 48996545 5150811 4741042 7195531 7203232 5874531 30165147 11937735 12195500 19054969 17706172 18267316 79161692 1371350 2171701 3625444 2584321 3491002 13243818 109338 299547 1697988 1098486 93783 3299142 1480688 2471248 5323432 3682807 3584785 16542960 62618732 2896450 1518805 132 147 237 4415771 2896450 1518805 132 147 237 4415771 50318 204372 106480 36762 80147 478079 14884503 13918677 19161581 17743081 18347700 84055542 0.74500 0.72930 0.05250 0.08660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 54250 54250 0 PART II-B, LINE 1: THE APOLLO THEATER FOUNDATION, INC. RETAINED COZEN O'CONNOR TO LOBBY NEW YORK CITY FOR PUBLIC SUPPORT. X X 0 50000 50000 50000 50000 50000 50000 50000 50000 50000 50000 1.00000 0 0 49178546 14334584 34843962 3944115 3273102 671013 758143 758143 36273118 PART III, LINE 4: THE THEATER MAINTAINS A COLLECTION OF HISTORICAL PORTRAITS OF LEGENDARY ARTISTS AND EVENTS THAT PERFORMED AND OCCURRED, RESPECTIVELY, AT THE THEATER. THESE PORTRAITS ARE HELD PRIMARILY FOR ARTISTIC AND THEATRICAL PURPOSES. PART V, LINE 4: THE APOLLO'S ENDOWMENT CONSISTS OF AN INDIVIDUAL FUND ESTABLISHED FOR HISTORIC PRESERVATION USE. ANNUAL GALA 2231556 1647097 584459 228959 62775 168325 124400 HAMPTONS EVENT 3579231 3234334 344897 112650 229934 2313 1 266518 199280 67238 39736 16913 2000 8589 6077305 5080711 996594 381345 79688 400259 135302 996594 0 X X X X 0 0 0 0 0 0 0 0 0 JONELLE PROCOPE PRESIDENT & CEO 269162 0 0 0 0 0 0 0 11175 0 280337 0 0 0 ALDO SCROFANI COO 180000 0 0 0 0 0 0 0 0 0 180000 0 0 0 KAMILAH FORBES EXECUTIVE PRODUCER 190510 0 0 0 0 0 7620 0 0 0 198130 0 0 0 MICHELE PAGNOTTA THROUGH 112018 SR. DIRECTOR OF FINANCE 170221 0 0 0 0 0 6749 0 12335 0 189305 0 0 0 DONNA LIEBERMAN SR. DIRECTOR OF DEVELOPMENT 186778 0 0 0 0 0 7471 0 8147 0 202396 0 0 0 LAURA E GREER ASSOCIATE PRODUCER 144082 0 0 0 0 0 5763 0 8375 0 158220 0 0 0 NEIL J LEVY GENERAL MANAGER 155164 0 0 0 0 0 6206 0 7730 0 169100 0 0 0 JACQUES BRUNSWICK FORMER OFFICER - 2018 REAL ESTATE PR 141598 0 0 0 0 0 3265 0 0 0 144863 0 0 0 VAN WYCK & VAN WYCK BOARD MEMBER 110000 BENEFIT GALA - PROVIDED DECORATIONS AND LABOR FOR EVENT 0 X TRAVEL VOUCHERS 1 118000 FAIR MARKET VALUE X LIQUOR 2 55750 FAIR MARKET VALUE X OTHER 2 5463 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE 1ST REVIEW IS CONDUCTED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE INDEPENDENT AUDITOR PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND ANY QUESTIONS AND CONCERNS ARE ADDRESSED. SUBSEQUENTLY THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. UPON APPROVAL OF THE FORM 990 BY THE BOARD OF DIRECTORS, IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURE OF CONFLICT. AN INTERESTED PERSON MUST DISCLOSE ORALLY OR IN WRITING THE EXISTENCE OF HIS OR HER INTEREST AND ALL MATERIAL FACTS RELATED TO AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO DIRECTORS AND/OR MEMBERS OF COMMITTEES AUTHORIZING A PROPOSED CONTRACT OR OTHER TRANSACTION INVOLVING SUCH CONFLICT OF INTEREST. IF A CONTRACT OR TRANSACTION IS NOT BEING CONSIDERED BY THE BOARD OR A COMMITTEE, THE REQUIRED DISCLOSURE MUST BE MADE TO THE CHAIRMAN OF THE BOARD, CHAIRMAN OF THE AUDIT COMMITTEE, SECRETARY OR THE CHAIRMAN'S DESIGNEE, WHO SHALL, SUBJECT TO THE DISCRETION OF THE CHAIRMAN (WHERE THE INTERESTED PERSON IS NOT THE CHAIRMAN), DISCLOSE SUCH POTENTIAL CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS OR THE AUDIT COMMITTEE. UNTIL A PROPOSED CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST HAS BEEN VOTED UPON BY THE BOARD OR A COMMITTEE, AN INTERESTED PERSON SHALL REFRAIN FROM ANY ACTION THAT MIGHT AFFECT THE FOUNDATION'S PARTICIPATION IN ANY CONTRACT OR TRANSACTION AFFECTED BY SUCH CONFLICT OF INTEREST. AN INTERESTED PERSON MAY NOT VOTE ON THE CONTRACT OR TRANSACTION TO WHICH THE CONFLICT OF INTEREST RELATES, BUT MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT THE MEETING OF THE BOARD OR COMMITTEE THAT AUTHORIZES SUCH CONTRACTS OR TRANSACTIONS. THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO, WHETHER THE FOUNDATION SHOULD NONETHELESS ENTER INTO THE CONTRACT OR TRANSACTION BECAUSE IT IS IN THE FOUNDATION'S BEST INTEREST. ARTICLE V. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY 1.FAILURE TO DISCLOSE CONFLICT. IF THE BOARD OR COMMITTEE HAS GOOD REASON TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE PRIOR TO THE BOARD OR SUCH COMMITTEE TAKING ANY ACTION WITH RESPECT TO THE CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST. 2.DISCIPLINARY ACTION. IF, AFTER HEARING THE RESPONSE OF THE INTERESTED PERSON AND MAKING ANY FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD OR SUCH COMMITTEE MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, WHICH MAY INCLUDE REMOVAL OF A DIRECTOR FROM THE BOARD OR A COMMITTEE OR TERMINATION OF AN EMPLOYEE'S EMPLOYMENT. EACH INTERESTED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. IN ADDITION, EACH INTERESTED PERSON SHALL DISCLOSE ON SUCH ANNUAL STATEMENT ANY RELATIONSHIPS, CIRCUMSTANCES OR POSITIONS IN WHICH THE INTERESTED PERSON OR A FAMILY MEMBER IS INVOLVED THAT HE OR SHE BELIEVES COULD RESULT IN, CAUSE OR CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THE POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS OR THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE EXECUTIVE LEVEL SALARIES ON AN ANNUAL BASIS. THEY USE SALARY SURVEYS FROM SIMILAR SIZED ORGANIZATIONS WITHIN THE PERFORMING ARTS INDUSTRY FOR BENCHMARKING. OTHER THAN THESE EXECUTIVE LEVEL EMPLOYEES, NO OTHER EMPLOYEES OF THE ORGANIZATION MEET THE CRITERIA TO BE CLASSIFIED AS OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. APOLLO THEATER MANAGING MEMBER INC 253 WEST 125TH STREET NEW YORK NY 10027 201105633 MANAGING MEMBER OF APOLLO THEATER LESSOR, LLC-SEE P III NY N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0