2024-03-11T14:22:24-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 131869805 DANCE NOTATION BUREAU INC DANC 2125717011 178 EAST 109TH STREET 5 NEW YORK NY 10029 WILLIAM KILEY DIRECTOR OF FINANCE 2125717011 2024-03-11 1 WILLIAM KILEY 999009999 0 GARRETT M HIGGINS P00543209 9143818900 2024-03-04 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM KILEY 178 EAST 109TH STREET 5 NEW YORK NY 10029 302650 0 X WWW.DANCENOTATION.ORG X 1952 NY TO PRESERVE DANCE HERITAGE AND PROMOTE DANCE LITERACY THROUGH THE TEACHING AND USE OF LABANOTATION TO RECORD AND STAGE CHOREOGRAPHED THEATRICAL DANCES. 15 15 4 16 0 0 31817 14826 33915 30046 17772 77011 1037 3015 84541 124898 0 0 0 0 82318 101722 0 0 1545 38904 49441 121222 151163 -36681 -26265 1658114 1687360 26988 22277 1631126 1665083 X TO PRESERVE DANCE AND PROMOTE DANCE LITERACY BY USE OF THE LABANOTATION SYMBOL SYSTEM TO RECORD CHOREOGRAPHED THEATRICAL DANCES IN ORDER TO ENSURE ACCURATE STAGINGS, FAITHFUL TO THE CHOREOGRAPHER'S INTENTION AND ARTISTIC VISION, FOR THE ENJOYMENT OF CURRENT AND FUTURE AUDIENCES EVERYWHERE. 0 0 45933 0 182 LIBRARY/ARCHIVAL SERVICES: THE HEART OF THE DNB'S OPERATION IS ITS COLLECTION OF 857 LABANOTATION SCORES OF DANCES THAT HAVE BEEN CHOREOGRAPHED BY 303 ARTISTS. THIS CORE COLLECTION IS SUPPLEMENTED BY RELATED ITEMS THAT SUPPORT THE STAGING OF THE DANCES, INCLUDING PHOTOS, VIDEOS, MUSIC SCORES AND RECORDINGS, PROGRAMS, COSTUME SKETCHES, AND LIGHTING AND SCENERY DESIGNS - A COLLECTION THAT MAKES THE DNB A UNIQUE ARCHIVE IN THE WORLD OF DANCE. THE DNB'S ARCHIVE IS IN A STORAGE FACILITY IN LONG ISLAND CITY, QUEENS, NY. PATRONS WISHING TO EXAMINE SCORES AND RELATED MATERIAL MAY CONTINUE TO DO SO BY CONTACTING THE DNB LIBRARIAN AND REQUESTING THE MATERIAL BE SENT BY EMAIL (VIA PDF SCANS) OR BY REGULAR MAIL TO THEIR HOME OR INSTITUTIONAL ADDRESS. SELECTED SCORES ARE AVAILABLE FOR USE IN STAGING DANCES FOR PUBLIC PERFORMANCE THROUGH RENTAL AND CONTRACTUAL AGREEMENTS WITH THE DNB. SCORE RENTALS ARE A PRIMARY SOURCE OF REVENUE GENERATED BY THE DNB'S ARCHIVE. SCORE RENTAL FEES ARE MODEST TO MAKE THE SCORES MORE AVAILABLE TO THOSE WITH LIMITED BUDGETS. THE DNB'S ONLINE NOTATED THEATRICAL DANCES CATALOG, ACCESSIBLE TO ANYONE WITH AN INTERNET CONNECTION, ALLOWS PATRONS TO BROWSE INFORMATION ABOUT EACH SCORE IN THE COLLECTION. MANY OF THE SCORES IN THE DNB ARCHIVE HAVE KEPT DANCES FROM DISAPPEARING OVER THE YEARS, INCLUDING WORKS BY MERCE CUNNINGHAM AND GEORGE BALANCHINE. THE DNB ADDS NEW SCORES TO ITS COLLECTION AND TO THE ONLINE CATALOG EACH YEAR, THE PRODUCT OF OUR EFFORTS TO NOTATE IMPORTANT OLD AND NEW MODERN DANCE WORKS AND BALLETS. DURING THE PAST YEAR THE DNB HAS NOTATED AND ADDED TO THE ARCHIVE WORKS BY BALLET AND HIP-HOP CHOREOGRAPHERS. THE DNB PUBLISHES A NEWSLETTER, "LIBRARY NEWS" UP TO FOUR TIMES EACH YEAR, FEATURING ARTICLES BY LABANOTATORS WORLD-WIDE ON NOTATION TOPICS, INCLUDING THE SCORES IN THE DNB'S COLLECTION. THE NEWSLETTER IS DISTRIBUTED ONLINE TO OVER 2,000 INSTITUTIONS AND INDIVIDUALS. 59633 0 23784 EDUCATION: THE DNB OFFERS CORRESPONDENCE COURSES IN BOTH ELEMENTARY AND INTERMEDIATE LABANOTATION, AND ONLINE COURSES IN MOVEMENT OBSERVATION AND MOTIF NOTATION. INTENSIVE ONE TO TWO-WEEK WORKSHOPS IN ELEMENTARY LABANOTATION, INTERMEDIATE LABANOTATION, AND MOTIF NOTATION HAVE BEEN DEVELOPED IN CHINESE AND HAVE BEEN CONDUCTED, PRE-COVID, IN CHINA BY A DNB STAFF MEMBER WHO IS FLUENT IN MANDARIN. WE HAVE ALSO OFFERED IN THE US AND IN CHINA A ONE-WEEK INTENSIVE TEACHER CERTIFICATION COURSE (TCC) IN ELEMENTARY LABANOTATION. AS THERE IS SUFFICIENT DEMAND AND ENROLLMENT, INTENSIVE WORKSHOPS IN ELEMENTARY, INTERMEDIATE, AND ADVANCED LABANOTATION ARE NOW OFFERED VIA ZOOM BASED INSTRUCTION. ALL LABANOTATION AND MOTIF WORKSHOPS ARE COMPARABLE TO A 3-CREDIT COLLEGE OFFERING IN THE SUBJECT. STUDENTS FROM AROUND THE WORLD, INCLUDING THE US, CHINA, MEXICO, AND THAILAND HAVE ENROLLED IN THE DNB'S ZOOM-BASED, ELEMENTARY, INTERMEDIATE AND ADVANCED LABANOTATION COURSES. THE DNB CONDUCTED VIA ZOOM THE FOLLOWING COURSE OFFERINGS DURING THE FISCAL 2023 YEAR:1) AN ELEMENTARY LABANOTATION WORKSHOP FOR DANCE STUDENTS ATTENDING COLLEGES AND UNIVERSITIES IN MEXICO WAS CONDUCTED VIA ZOOM FROM JULY 11 TO AUGUST 5, 2022 THE COURSE WAS SPONSORED BY CENTRO MEXICANO DE ESTUDIOS COREOLGICOS A. C.2) SESSION 4 OF A FOUR-SESSION ADVANCED LABANOTATION WORKSHOP FOR 15 STUDENTS WAS CONDUCTED VIA ZOOM FROM JULY 25 TO AUGUST 12, 2022. STUDENTS ENROLLED IN THE COURSE WERE FROM THE USA, CHINA, MEXICO AND THAILAND.3) STUDENTS FROM THE USA, GREECE AND THE UK ENROLLED DURING FISCAL YEAR 2023 IN THE DNB'S SELF-STUDY CORRESPONDENCE COURSE IN ELEMENTARY LABANOTATION AND INTERMEDIATE LABANOTATION. EACH STUDENT IS ASSIGNED A TUTOR CERTIFIED IN ELEMENTARY LABANOTATION INSTRUCTION TO HELP WITH THE GRADING AND REVIEW WITH EACH COURSE LESSON COMPLETED. 14015 0 5245 LABANOTATION: THE DNB PRESERVES DANCE LEGACIES AND PROMOTES DANCE LITERACY THROUGH THE TEACHING AND USE OF LABANOTATION TO RECORD AND STAGE CHOREOGRAPHED THEATRICAL DANCES. OUR PRINCIPAL MISSION IS TO ENSURE THAT THEATRICAL DANCES WILL CONTINUE TO BE PERFORMED IN VERSIONS TRUE TO THE CHOREOGRAPHER'S ARTISTIC VISION. TO FULLY CAPTURE THE DETAILS OF THE ARTIST'S INTENTIONS, THE DNB USES LABANOTATION, A SYMBOL SYSTEM FOR RECORDING HUMAN MOVEMENT, TO DOCUMENT DANCES ON BOTH PAPER AND DIGITAL MEDIA. INTRODUCED IN 1928, LABANOTATION IS CONSIDERED THE MOST EFFECTIVE AND COMPREHENSIVE SYSTEM TO OBJECTIVELY ANALYZE AND DESCRIBE HUMAN MOVEMENT IN SPACE AND TIME.THE DNB TYPICALLY RECEIVES FUNDING FROM GOVERNMENT AGENCIES, PRIVATE FOUNDATIONS AND INDIVIDUALS TO RECORD THEATRICAL DANCES USING THE LABANOTATION SYSTEM. THE DNB IS ALSO HIRED BY CHOREOGRAPHERS TO COMPLETE A LABANOTATION SCORE OF A DANCE WORK, OR OF SELECTED DANCE MOVEMENTS FROM A WORK. ON OCCASION, NOTATORS WILL COMPLETE SCORES FOR THE DNB ON A VOLUNTEER NO FEE BASIS. THE FOLLOWING LABANOTATION PROJECTS WERE COMPLETED OR IN PROGRESS DURING THE YEAR ENDING JUNE 30, 2023:1) "SAVAGE REMIX" DANCE TO MEGAN THEE STALLION'S (FEATURING BEYONCE) SONG OF THE SAME NAME (NAE NAE TWINS, CHOREOGRAPHERS). A FULL LABANOTATION SCORE OF THE CHOREOGRAPHY WAS COMPLETED IN NOVEMBER 2022. THIS SCORE WAS FUNDED AS PART OF JAQUEL KNIGHT'S BIPOC PROJECT TO RECOGNIZE AND SEEK COPYRIGHT PROTECTION FOR THE WORK OF TALENTED YOUNG HIP-HOP CHOREOGRAPHERS.2) "TRIO CON BRIO" (ANTONY TUDOR, CHOREOGRAPHER, 1952). LABANOTATION SCORE COMPLETED IN APRIL 2023.3) "I JUST WANNA ROCK" (DREW JEEZY, CHOREOGRAPHER 2022). LABANOTATION SCORE COMPLETED IN MAY 2023.4) "LAS DESENAMORADAS" (ELEO POMARE, CHOREOGRAPHER, 1967). A LABANOTATION SCORE OF THE DANCE WILL BE COMPLETED AS FUNDING IS RECEIVED. COMPLETION IS TBD.5) "THE TABLE OF SILENCE" (JACQULYN BUGLISI, CHOREOGRAPHER, 2011). PROJECT IS PARTIALLY COMPLETE. THE LABANOTATION SCORE WILL BE COMPLETED AS FUNDING IS SECURED. COMPLETION IS TBD.6) "WIND VON WEST" (PINA BAUSCH, CHOREOGRAPHER, 1975). THE MOVEMENT CAPTURE PHASE OF THIS PROJECT WAS COMPLETED. A LABANOTATION SCORE WILL BE COMPLETED AS FUNDING IS SECURED. COMPLETION IS TBD. 2302 0 3769 THE DNB LICENSES LABANOTATION SCORES IN ITS ARCHIVE FOR PERFORMANCE (STAGINGS) BY PROFESSIONAL DANCE COMPANIES AND COLLEGE/UNIVERSITY DANCE DEPARTMENTS. THE LICENSING TERMS ARE GOVERNED BY AGREEMENTS IN PLACE BETWEEN THE CHOREOGRAPHER/HEIR/RIGHTSHOLDER AND THE DNB. LICENSES ARE TYPICALLY ONE YEAR IN DURATION. THE DNB COLLECTS AN ADMINISTRATIVE FEE FOR THIS SERVICE. IT ALSO COLLECTS AND DISTRIBUTES LICENSE AND ROYALTY FEES ON BEHALF OF THE RIGHTSHOLDER.DURING FISCAL YEAR 2023, THE FOLLOWING STAGING CONTRACTS WERE EXECUTED FOR PERFORMANCES:1) "WATER STUDY" (DORIS HUMPHREY, CHOREOGRAPHER). A. SCORE LICENSED TO THE OHIO STATE UNIVERSITY FOR PERFORMANCES IN FALL 2022 AND SPRING 2023. B. SCORE LICENSED TO COLUMBUS MODERN (COMO) DANCE FOR PERFORMANCES IN MAY 2023.2) "FANDANGO" (ANTONY TUDOR, CHOREOGRAPHER). SCORE LICENSED TO BROOKLYN BALLET FOR PERFORMANCES IN APRIL 2023. 3) "LITTLE IMPROVISATIONS" (ANTONY TUDOR, CHOREOGRAPHER). SCORE LICENSED TO NEW YORK THEATRE BALLET (NYTB) FOR PERFORMANCE IN MAY 2023.4) "NEGRO SPIRITUALS" (HELEN TAMIRIS, CHOREOGRAPHER). SCORE LICENSED TO REPERTORY DANCE THEATRE, SALT LAKE CITY, UT FOR PERFORMANCES BEGINNING IN JUNE 2023. 2302 0 3769 121883 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X WILLIAM KILEY 2125717011 178 EAST 109TH STREET 5 NEW YORK NY 10029 BILLIE LEPCZYK EDD CHAIR 0.75 X X 0 0 0 LYNNE WEBER EXECUTIVE DIRECTOR - VICE PRESIDENT 21.00 X X 5275 0 0 OONA HAARANEN SECRETARY 0.50 X X 0 0 0 CARLA GUGGENHEIM DO TREASURER 0.50 X X 0 0 0 CHRISTOPH BREGLER PHD DIRECTOR 0.50 X 0 0 0 JULIE BRODIE DIRECTOR 0.50 X 0 0 0 DIANA BYER DIRECTOR 0.50 X 4687 0 0 JOYCE GREENBERG DIRECTOR 0.50 X 0 0 0 TERESA HEILAND PHD DIRECTOR 0.50 X 0 0 0 DAVID HOPKINSON PHD DIRECTOR 0.50 X 0 0 0 DAWN LILLE PHD DIRECTOR 0.50 X 0 0 0 BETH MEGILL DIRECTOR 0.50 X 0 0 0 ALICE MOORHEAD DIRECTOR 0.50 X 0 0 0 URSULA PAYNE DIRECTOR 0.50 X 0 0 0 LANCE WESTERGARD DIRECTOR (THRU 10/2022) 0.50 X 0 0 0 VALARIE WILLIAMS PHD DIRECTOR 0.50 X 820 0 0 WILLIAM KILEY DIRECTOR OF FINANCE & ADMIN 7.00 X 9010 0 0 19792 0 0 0 0 0 0 0 1355 13471 14826 TUITION 611110 23734 23734 LABANOTATION AND RECON 611110 6130 6130 LIBRARY SERVICE 611110 182 182 30046 33933 33933 2115 2115 220830 177752 43078 43078 43078 819 0 819 819 MISCELLANEOUS INCOME 900099 81 81 81 124898 32980 0 77092 X 28435 20660 6911 864 60767 57860 2444 463 3266 2840 369 57 9254 8046 1047 161 13500 13500 16634 15886 748 1573 1370 203 2738 2738 4036 3834 202 2733 2733 530 530 SCHOOL EXPENSE 5397 4825 572 BAD DEBT EXPENSE 1465 1465 MISCELLANEOUS EXPENSE 835 561 274 151163 121883 27735 1545 83911 28453 740035 650299 1465 0 1118 557 0 3371 772637 960533 58948 44147 1658114 1687360 22143 22277 4845 0 26988 22277 X 331214 370614 1299912 1294469 1631126 1665083 1658114 1687360 X -26265 75023 -14801 X X 1 X 0 1 0 X 86564 49130 35554 31817 14826 217891 86564 49130 35554 31817 14826 217891 115349 102542 12683 17096 11210 9919 36048 86956 81 81 304928 177221 0.33630 0.35700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 81. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 505449 59667 59667 505449 505449 15877 15877 505449 494030 11419 9630 9630 505449 494030 9842 9842 494030 494030 12673 12673 494030 1.00000 1 0 0 X PART V, LINE 4: THE ORGANIZATION'S PERMANENTLY RESTRICTED NET ASSETS CONSIST OF DONOR-RESTRICTED FUNDS WHOSE PURPOSE IS TO PROVIDE LONG TERM SUPPORT FOR ITS OPERATIONS. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2020. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS CARLA GUGGENHEIM AND DAVID HOPKINSON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B DANCE NOTATION BUREAU INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED, AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS APPLICABLE TO THE DANCE NOTATION BUREAU, INC. DIRECTORS AND OFFICERS. THIS POLICY IS MONITORED AND ENFORCED ANNUALLY (IN THE LAST QUARTER OF EACH FISCAL YEAR). IF A DIRECTOR OR OFFICER BELIEVES THEY MAY HAVE A POTENTIAL CONFLICT, THEY MUST DISCLOSE IT TO THE ORGANIZATION'S GOVERNING BOARD. AFTER THE DISCLOSURE IS MADE, THE GOVERNING BODY SPEAKS WITH THE INTERESTED PERSON TO UNDERSTAND THE POTENTIAL CONFLICT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, SHE OR HE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE MINUTES OF THE GOVERNING BOARD CONTAIN ANY DIRECTORS OR OFFICERS THAT STATED THEY MAY HAVE A POTENTIAL CONFLICT AND THE RESOLUTION TO SUCH CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE TWO OFFICER POSITIONS WITHIN THE ORGANIZATION: THE EXECUTIVE DIRECTOR, AND THE DIRECTOR OF FINANCE AND ADMINISTRATION. THE EXECUTIVE DIRECTOR IS AN UNPAID POSITION. THE DIRECTOR OF FINANCE AND ADMINISTRATION WAS HIRED IN 2006 IN A PART-TIME CAPACITY OF 20 HOURS PER WEEK. THE PROCESS USED TO DETERMINE HIS COMPENSATION WAS TO PRORATE THE SALARY OF THE FORMER FULL-TIME EXECUTIVE DIRECTOR, BASED ON A 40 HOUR/WEEK, $50,000 SALARY. COMPENSATION WAS APPROVED BY THE DNB BOARD OF DIRECTORS AND DOCUMENTED IN THE MINUTES. THE COMPENSATION PROCESS FOR OFFICERS AND DIRECTORS WAS LAST UPDATED IN JANUARY OF 2015 WHEN THE BOARD OF DIRECTORS APPROVED A RAISE FOR THE DIRECTOR OF FINANCE AND ADMINISTRATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G LABANOTATION CONSULTANTS: PROGRAM SERVICE EXPENSES 15,886. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,886. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 748. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 748. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICAL INTEREST IN REMAINDER TRUSTS -14,801. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.