2016-08-15T13:38:47-05:00 2015-09-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2014-10-01 951696734 LOS ANGELES PHILHARMONIC ASSOCIATION LOSA 2139727300 151 SOUTH GRAND AVE LOS ANGELES CA 90012 MICHAEL DEMARTINI VP & CFO 2139727300 2016-08-11 1 LIOR TEMKIN P00748170 3104773924 2016-08-11 2014 2016-09-27 15:27:22Z MICHAEL DEMARTINI 151 SOUTH GRAND AVE LOS ANGELES CA 90012 172229646 0 X WWW.LAPHIL.ORG X 1934 CA THE MISSION OF THE LOS ANGELES PHILHARMONIC ASSOCIATION IS TO PERFORM, PRESENT, AND PROMOTE MUSIC IN ITS MANY VARIED FORMS AT THE HIGHEST LEVEL OF EXCELLENCE TO A LARGE AND DIVERSE AUDIENCE. 57 57 2153 1192 76157 23658 50982116 78488467 86603852 86181212 8332090 5019344 -388946 -166588 145529112 169522435 0 0 0 0 59733164 61926640 485373 461610 7577015 57595092 58031955 117813629 120420205 27715483 49102230 262575501 307120190 38925898 44313100 223649603 262807090 X THE MISSION OF THE LOS ANGELES PHILHARMONIC ASSOCIATION IS TO PERFORM, PRESENT, AND PROMOTE MUSIC IN ITS MANY VARIED FORMS AT THE HIGHEST LEVEL OF EXCELLENCE TO A LARGE AND DIVERSE AUDIENCE. 0 0 41207238 43204362 ORCHESTRAL PERFORMANCE:# OF TICKETS: 579,905 13895019 24343941 NON-ORCHESTRAL PERFORMANCES:# OF TICKETS: 409,286 4031613 2053000 TOUR CONCERTS, NEIGHBORHOOD CONCERTS AND RUN-OUTS:# OF TICKETS FOR TOURS: 17,002# OF TICKETS FOR RUN-OUTS: 4,384 42013839 16808206 CONCERTS BY OTHER PRESENTERS, RECORDING/ROYALTIES AND OTHER MISCELLANEOUS PROGRAM SERVICES. 42013839 16808206 101147709 1 1 0 0 0 0 0 0 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 1 574 0 1 2153 1 1 1 0 0 0 0 1 1 0 0 0 0 X 57 57 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X MICHAEL DEMARTINI VP & CFO 2139727300 151 S GRAND AVE LOS ANGELES CA 900123034 JULIE ANDREWS DIRECTOR 1.00 X 0 0 0 WALLIS ANNENBERG DIRECTOR 1.00 X 0 0 0 DAVID N BARRY III DIRECTOR 1.00 X 0 0 0 THOMAS BECKMAN DIRECTOR 1.00 X 0 0 0 DAVID C BOHNETT VICE CHAIR, EXECUTIVE 1.00 X 0 0 0 LYNN A BOOTH DIRECTOR 1.00 X 0 0 0 LINDA P BRITTAN DIRECTOR 1.00 X 0 0 0 ADRIANA CISNEROS DIRECTOR 1.00 X 0 0 0 DAVID A CLARK CHAIR, AFFILIATES (FROM 7/1/15) 1.00 X 0 0 0 MARK HOUSTON DALZELL DIRECTOR 1.00 X 0 0 0 MARI L DANIHEL DIRECTOR 1.00 X 0 0 0 KELVIN L DAVIS DIRECTOR (UNTIL 9/15/15) 1.00 X 0 0 0 DONALD P DE BRIER CHAIR, AUDIT 1.00 X 0 0 0 KENNETH M DORAN DIRECTOR 1.00 X 0 0 0 JERROLD L EBERHARDT VICE CHAIR, EXECUTIVE 1.00 X 0 0 0 LOUISE D EDGERTON VICE CHAIR, EDUCATION & COMMUNITY 1.00 X 0 0 0 JANE B EISNER CHAIR, GOVERNANCE 1.00 X 0 0 0 LAWRENCE N FIELD DIRECTOR 1.00 X 0 0 0 JOSHUA FRIEDMAN DIRECTOR 1.00 X 0 0 0 TIMOTHY F GALLAGHER CHAIR, DEVELOPMENT (UNTIL 6/3/15) 1.00 X 0 0 0 DAVID I GINDLER CHAIR, DEVELOPMENT 1.00 X 0 0 0 CECILIA AGUILERA GLASSMAN DIRECTOR 1.00 X 0 0 0 JENNIFER MILLER GOFF DIRECTOR 1.00 X 0 0 0 LENORE S GREENBERG DIRECTOR 1.00 X 0 0 0 CAROL COLBURN GRIGOR DIRECTOR 1.00 X 0 0 0 PIERRE HABIS DIRECTOR 1.00 X 0 0 0 TEENA HOSTOVICH DIRECTOR 1.00 X 0 0 0 JOHN F HOTCHKIS DIRECTOR 1.00 X 0 0 0 JONATHAN KAGAN CO-CHAIR, BD OF OVERSEERS & VC, HOLLYWOOD 1.00 X 0 0 0 KENNETH KAMINS DIRECTOR 1.00 X 0 0 0 DARIOUSH KHALEDI DIRECTOR 1.00 X 0 0 0 RONALD LITZINGER DIRECTOR 1.00 X 0 0 0 KEVIN MACCARTHY DIRECTOR 1.00 X 0 0 0 JOHN V MALLORY CHAIR, FINANCE & INVESTMENT 1.00 X 0 0 0 BOWEN H MCCOY HOLLYWOOD BOWL/LA COUNTY LIAISON 1.00 X 0 0 0 GRETCHEN MCNALLY PSHA PRESIDENT (FROM 7/1/15) 1.00 X 0 0 0 MARGARET MORGAN DIRECTOR 1.00 X 0 0 0 YOUNES NAZARIAN DIRECTOR 1.00 X 0 0 0 LEITH O'LEARY DIRECTOR 1.00 X 0 0 0 DIANE B PAUL CHAIR, EXECUTIVE 1.00 X 0 0 0 WILLIAM C POWERS CHAIR, HOLLYWOOD BOWL 1.00 X 0 0 0 DR BARRY D PRESSMAN MD DIRECTOR 1.00 X 0 0 0 JAY RASULO CHAIR, MARKETING 1.00 X 0 0 0 DUDLEY A RAUCH CHAIR, PENSION 1.00 X 0 0 0 ANN RONUS DIRECTOR 1.00 X 0 0 0 JENNIFER ROSENFELD DIRECTOR 1.00 X 0 0 0 LAURA ROSENWALD DIRECTOR 1.00 X 0 0 0 NANCY S SANDERS CHAIR, EDUCATION & COMMUNITY 1.00 X 0 0 0 ERIC L SMALL DIRECTOR 1.00 X 0 0 0 CHRISTIAN STRACKE DIRECTOR 1.00 X 0 0 0 DR RONALD D SUGAR CHAIR, STRATEGIC PLANNING 1.00 X 0 0 0 JACK SUZAR CHAIR, BOARD OF OVERSEERS 1.00 X 0 0 0 SUE TSAO DIRECTOR 1.00 X 0 0 0 JONATHAN WEEDMAN DIRECTOR 1.00 X 0 0 0 ALYCE WILLIAMSON DIRECTOR 1.00 X 0 0 0 IRWIN WINKLER DIRECTOR 1.00 X 0 0 0 MARILYN ZIERING DIRECTOR 1.00 X 0 0 0 SHERI GILL CHAIR, AFFILIATES (UNTIL 6/30/15) 1.00 X 0 0 0 KATHERINE WATKINS PSHA PRESIDENT (UNTIL 6/30/15) 1.00 X 0 0 0 DEBORAH BORDA PRESIDENT & CEO 60.00 X 1701892 0 12594 GAIL SAMUEL EXECUTIVE DIRECTOR (EFFECTIVE 3/9/15) 60.00 X 387655 0 29927 MICHAEL DEMARTINI VP & CFO 60.00 X 336160 0 29659 MONA PATEL VP OF HR & GENERAL COUNSEL 60.00 X 307100 0 8553 CHAD SMITH COO (EFFECTIVE 3/9/15) 60.00 X 295472 0 11467 GUSTAVO DUDAMEL MUSIC CONDUCTOR 40.00 X 1876000 0 30100 SHANA MATHUR VP OF MARKETING & COMMUNICATIONS 60.00 X 305687 0 29429 CHRIS AYZOUKIAN VP & GM OF PHIL & PRODUCTION 60.00 X 238264 0 19556 KATHLEEN KANE VP OF PHILANTHROPY (EFFECTIVE 6/2014) 60.00 X 226612 0 1668 MARTIN CHALIFOUR CONCERTMASTER 40.00 X 484692 0 40218 ROBERT DEMAINE MUSICIAN 40.00 X 308966 0 40349 ANDREW BAIN MUSICIAN 40.00 X 303089 0 22222 THOMAS HOOTEN MUSICIAN 40.00 X 301820 0 40325 WHITNEY CROCKETT MUSICIAN 40.00 X 283783 0 40119 SCOTT SHOWALTER FORMER VP OF DEVELOPMENT 60.00 X 160049 0 10780 7517241 0 366966 153 1 1 0 PALISADES MEDIA GROUP INC 1620 26TH ST 200 SANTA MONICA CA 90404 MEDIA ADVERTISING 1799693 SD&A TELESERVICES INC 5757 W CENTURY BLVD 300 LOS ANGELES CA 90045 TELEMARKETING & TELEFUNDING 1642595 TRANSIT SYSTEMS UNLTD INC 8976 LAUREL CANYON BLVD SUN VALLEY CA 91352 SHUTTLE SERVICES 1513013 CONTEMPORARY SERVICES CORPORATION PO BOX 511282 LOS ANGELES CA 90051 SECURITY 1376276 NORM LEVIN & COMPANY INC 720 24TH STREET HERMOSA BEACH CA 90254 VIDEO SERVICE 1046747 71 X 4930789 1376650 72181028 2013021 78488467 CONCERTS 711310 67357922 67357922 CONCERTS BY OTHERS 711310 7873523 7873523 CONCESSION/PARKING 812930 6827640 6827640 RECORDING/ROYALTIES 900099 2161537 2161537 1960590 1960590 86181212 1383546 237 1383309 3635798 0 3635798 3635798 3635798 696413 4930789 1167218 -470805 -470805 1844210 1539993 304217 228297 75920 169522435 77420332 76157 13537479 5807912 2743044 2644333 420535 42940439 36738465 3497230 2704744 3305336 3095800 162688 46848 7235601 6034833 663470 537298 2637352 1965588 387968 283796 265057 79422 185635 158384 158384 461610 461610 770668 770668 5147543 4909167 39849 198527 4312494 2841957 748323 722214 215204 24466 190505 233 796618 791587 4947 84 3575151 3552939 17707 4505 3484969 3288721 144558 51690 40968 17883 7472 15613 2388568 1990385 334954 63229 1157850 778915 291986 86949 CONTRACT SERVICES 24360096 22610359 973820 775917 LEASE EVENT EXPENSES 4857447 4857447 CREDIT CARD COMMISSIONS 1956524 1847973 108551 EQUIPMENT RENTAL 1884860 1363009 97247 424604 2659554 1615749 373737 670068 120420205 101147709 11695481 7577015 6211759 16796121 12285798 7186411 14335454 45630146 11861299 7424519 373112 384427 2377046 2144829 60749622 26813232 23232711 33936390 191898322 193617347 262575501 307120190 11527439 12864622 18278375 18869188 9120084 12579290 38925898 44313100 X 76639603 85690000 43588000 48548090 103422000 128569000 223649603 262807090 262575501 307120190 X 49102230 -5772520 -4172223 X 0 1 X 1 0 X 33142366 38852604 35264008 50982116 78488467 236729561 73712103 75339793 78154322 88151746 86181212 401539176 106854469 114192397 113418330 139133862 164669679 638268737 9343100 13721968 9527271 18370213 43148172 94110724 350329 849980 1200309 9343100 14072297 10377251 18370213 43148172 95311033 542957704 880398 1104064 1568986 1265771 1383546 6202765 12353 20134 14708 30150 76157 153502 892751 1124198 1583694 1295921 1459703 6356267 107747220 115316595 115002024 140429783 166129382 644625004 0.84230 0.86970 0.00990 0.01070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200771876 15879665 -1580034 7940234 207131273 177612514 11559715 18213798 6614151 200771876 156783416 10207931 16590092 5968925 177612514 137649602 12946560 11872080 5684826 156783416 132581335 5696279 4303115 4931127 137649602 0.42000 0.58000 0.00000 1 0 41195047 15083536 26111511 11077971 8923683 2154288 8476604 2806013 5670591 33936390 PARTNERSHIP INTEREST & OTHER FUNDS 51806705 F MCF UNITIZED FUND 141810642 F 193617347 PENSION & POST-RETIREMENT MEDICAL BENEFIT COST 12579290 12579290 X 166602000 -5772520 6198669 426149 166175851 770668 2575916 3346584 169522435 124492000 4842463 4842463 119649537 770668 770668 120420205 PART V, LINE 4: THE ENDOWMENT FUNDS SUPPORT EDUCATION AND MUSIC PROGRAMS, AND THE MISSION OF THE ASSOCIATION. PART X, LINE 2: IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "UNCERTAINTY IN INCOME TAXES" ("ASC 740"), THE ASSOCIATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE ASSOCIATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION'S POLICY IS TO RECOGNIZE POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE, IF ANY. DURING THE YEAR ENDED SEPTEMBER 30, 2015, THE ASSOCIATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THE FEDERAL AND STATE OF CALIFORNIA INCOME TAX RETURNS OF THE ASSOCIATION STILL OPEN AND SUBJECT TO IRS OR STATE OF CALIFORNIA EXAMINATION ARE AS FOLLOWS: JURISDICTION: OPEN TAX YEARS: FEDERAL 2011 - 2014 STATE 2010 - 2014 PART XI, LINE 2D - OTHER ADJUSTMENTS: NON-MONETARY EXCHANGE - IN KIND INCOME 3,734,421. SPECIAL EVENTS - DIRECT EXPENSES 1,146,374. INVESTMENT GAIN OF MUSIC CENTER FOUNDATION 1,317,874. PART XI, LINE 4B - OTHER ADJUSTMENTS: MUSIC CENTER FOUNDATION CONTRIBUTION 2,575,916. PART XII, LINE 2D - OTHER ADJUSTMENTS: NON-MONETARY EXCHANGE - IN KIND INCOME 3,734,421. SPECIAL EVENTS - DIRECT EXPENSES 1,146,374. ROUNDING ADJUSTMENT ON TOTAL EXPENSE -38,332. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE TOUR CONCERTS EXCLUDING ANY TOUR REVENUE - SEE SCHEDULE F, PART V. 653814 0 0 0 0 0 0 653814 0 653814 0 0 0 0 0 0 SCHEDULE F, PART I, LINE 3E: TOTAL EXPENDITURES (EXCLUDING ANY TOUR REVENUE) FOR THE TOUR CONCERTS INCLUDE A PORTION OF COMPENSATION AND OTHER EMPLOYMENT-RELATED COSTS PAID TO OR FOR THE BENEFIT OF U.S. EMPLOYEES TRAVELING TO THE REGION. X 1 SD&A TELESERVICES INC 5757 W CENTURY BLVD 300 LA CA 90045 TELEFUNDING 1 1107235 461610 645625 1107235 461610 645625 CA WINTER GALA 3395563 3229456 166107 7910 196088 SUMMER GALA 2231639 1701333 530306 12934 950286 5627202 4930789 696413 20844 1146374 1167218 -470805 X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 DEBORAH BORDA PRESIDENT & CEO 805624 0 475000 0 421268 0 0 0 12594 0 1714486 0 0 0 GAIL SAMUEL EXECUTIVE DIRECTOR (EFFECTIVE 3/9/15 327155 0 57500 0 3000 0 0 0 29927 0 417582 0 0 0 MICHAEL DEMARTINI VP & CFO 291660 0 44500 0 0 0 0 0 29659 0 365819 0 0 0 MONA PATEL VP OF HR & GENERAL COUNSEL 262600 0 44500 0 0 0 0 0 8553 0 315653 0 0 0 CHAD SMITH COO (EFFECTIVE 3/9/15) 250972 0 44500 0 0 0 0 0 11467 0 306939 0 0 0 GUSTAVO DUDAMEL MUSIC CONDUCTOR 1864000 0 0 0 12000 0 0 0 30100 0 1906100 0 0 0 SHANA MATHUR VP OF MARKETING & COMMUNICATIONS 261187 0 44500 0 0 0 0 0 29429 0 335116 0 0 0 CHRIS AYZOUKIAN VP & GM OF PHIL & PRODUCTION 193764 0 44500 0 0 0 0 0 19556 0 257820 0 0 0 KATHLEEN KANE VP OF PHILANTHROPY (EFFECTIVE 6/2014 188567 0 38045 0 0 0 0 0 1668 0 228280 0 0 0 MARTIN CHALIFOUR CONCERTMASTER 484692 0 0 0 0 0 11847 0 28371 0 524910 0 0 0 ROBERT DEMAINE MUSICIAN 308966 0 0 0 0 0 11978 0 28371 0 349315 0 0 0 ANDREW BAIN MUSICIAN 303089 0 0 0 0 0 11735 0 10487 0 325311 0 0 0 THOMAS HOOTEN MUSICIAN 301820 0 0 0 0 0 11954 0 28371 0 342145 0 0 0 WHITNEY CROCKETT MUSICIAN 283783 0 0 0 0 0 11748 0 28371 0 323902 0 0 0 SCOTT SHOWALTER FORMER VP OF DEVELOPMENT 160049 0 0 0 0 0 0 0 10780 0 170829 0 0 0 PART I, LINES 4A-B LINE 4A: PER A CONFIDENTIALITY AGREEMENT SIGNED BY THE ORGANIZATION, THE SEVERANCE PACKAGE PAID TO AN EMPLOYEE IS NOT OPEN FOR PUBLIC INSPECTION. LINE 4B: DEBORAH BORDA HAS A 457(F) RETIREMENT PLAN. THE AMOUNT INCLUDED ON MS. BORDA'S 2014 W-2 WAS $362,492. PART II, COLUMN A, LINE 2, 5 & 9: GAIL SAMUEL BECAME EXECUTIVE DIRECTOR EFFECTIVE MARCH 9, 2015. THE COMPENSATION REFLECTED IS FOR CALENDAR YEAR 2014, WHEN SHE WAS VP AND COO OF THE ORGANIZATION. CHAD SMITH BECAME CHIEF OPERATING OFFICER EFFECTIVE MARCH 9, 2015. THE COMPENSATION REFLECTED IS FOR CALENDAR YEAR 2014, WHEN HE WAS VP OF ARTISTIC PLANNING OF THE ORGANIZATION. KATHLEEN KANE, VP OF PHILANTHROPY, JOINED THE ORGANIZATION ON JUNE 16, 2014 SO HER COMPENSATION REFLECTS ONLY A PARTIAL YEAR. PART II, COLUMN F: AS PER IRS INSTRUCTIONS, COLUMN F IS ONLY TO INCLUDE COMPENSATION REPORTED IN COLUMN B OF THE CURRENT YEAR THAT WAS ALSO REPORTED IN THE PRIOR YEAR FORM 990. SINCE THERE WERE NO SUCH OVERLAPPING AMOUNTS, NO PRIOR COMPENSATION WAS LISTED IN COLUMN F. X 37 2013021 FMV 0 0 0 1 PART I, LINE 32B: A THIRD PARTY BROKERAGE COMPANY SELLS DONATED STOCKS ONCE THEY ARE RECEIVED BY THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE FORMULATES, SUPERVISES AND IMPLEMENTS THE POLICIES OF THE CORPORATION UNDER THE DIRECTION OF THE BOARD OF DIRECTORS. MEMBERS ARE APPOINTED TO THE EXECUTIVE COMMITTEE WHICH CONSISTS OF THE CHAIRMAN OF THE BOARD, VICE CHAIRS AND THE CHAIRS OF THE MAJOR COMMITTEES. ADDITIONAL DIRECTORS MAY BE APPOINTED BY THE CHAIRMAN AND APPROVED BY THE BOARD OF DIRECTORS. THE FOLLOWING ARE THE VICE CHAIR AND MEMBERS OF THE EXECUTIVE COMMITTEE: CHAIRMAN OF THE BOARD: DIANE PAUL VICE CHAIRS: DAVID C. BOHNETT JERROLD EBERHARDT LOUISE D. EDGERTON JANE EISNER DAVID GINDLER JAY RASULO EXECUTIVE COMMITTEE MEMBERS (INCLUDING VICE CHAIR LISTED ABOVE): DONALD DE BRIER TIMOTHY F. GALLAGER (UNTIL 6/3/15) JONATHAN KAGAN JOHN MALLORY WILLIAM POWERS DUDLEY RAUCH NANCY SANDERS RONALD SUGAR JACK SUZAR FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO THE MEETING WITH THE TAX ACCOUNTANTS AND STAFF. DURING THIS MEETING, THE AUDIT COMMITTEE INQUIRES AND RECOMMENDS ANY CHANGES NEEDED, THEN APPROVES THE FORM 990 FOR FILING. THE FINAL DRAFT OF THE FORM IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO ELECTRONIC FILING. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY FOR THE ORGANIZATION TO SEND A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY TO THE BOARD OF DIRECTORS, OFFICERS, VP'S AND KEY EMPLOYEES. THE QUESTIONNAIRES RELATING TO FY 2014 AND FY 2015 WERE SENT PRIOR TO THIS FILING AND ARE BEING REVIEWED TO ENSURE THEY ARE COMPLIANT WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF INDEPENDENT DIRECTORS REVIEWS AND APPROVES IN ADVANCE THE COMPENSATION PACKAGE FOR OFFICERS AND KEY EMPLOYEES BASED ON A COMPARATIVE ANALYSIS OF THE COMPENSATION OF SIMILARLY SITUATED OFFICERS AND EMPLOYEES AT SIMILAR ORGANIZATIONS PREPARED INTERNALLY WITH THE PERIODIC ASSISTANCE OF A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT. FOR THE PRESIDENT AND CEO'S EMPLOYMENT CONTRACT, THE COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE A DETAILED COMPARATIVE ANALYSIS OF OTHER CEO COMPENSATION AT SIMILAR ORGANIZATIONS TO SUPPORT THE REASONABLENESS OF HER TOTAL COMPENSATION PACKAGE. THE COMPENSATION TERMS AND THE RESULTS OF BOTH THE INTERNAL AND INDEPENDENT COMPENSATION ANALYSIS WERE THEN REVIEWED AND DISCUSSED IN DETAIL WITH THE INPUT OF THE COMPENSATION CONSULTANT AND APPROVED IN ADVANCE BY AN AUTHORIZED BODY OF INDEPENDENT DIRECTORS. FINALLY, THE ENTIRE PROCESS WAS CONCURRENTLY DOCUMENTED DETAILING THE ANALYSIS AND BASIS FOR THE COMPENSATION DETERMINATION. FORM 990, PART VI, SECTION C, LINE 18 ALL INFORMATIONAL RETURN DOCUMENTS ARE AVAILABLE TO THE PUBLIC EITHER THROUGH WWW.GUIDESTAR.ORG OR UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, INFORMATIONAL RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII, LINE 7A & 7B: PROCEEDS FROM SALE OF STOCKS & COST OR OTHER BASIS: THE ORGANIZATION HAS INVESTMENT ACCOUNTS, HEDGE FUNDS AND OTHER INVESTMENT PARTNERSHIPS WITH MANY STOCK TRANSACTIONS. DUE TO THE LARGE QUANTITY OF STOCK TRANSACTIONS, THIS INFORMATION IS NOT INCLUDED IN THE RETURN, BUT IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN ACTUARIAL LOSS -4,169,832. ROUNDING -2,391.