2024-11-11T08:05:05-06:00 2023-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2023-01-01 133857105 ITHAKA HARBORS INC ITHA 2123586400 ONE LIBERTY PLAZA 165 BROADWAY NEW YORK NY 10006 KEVIN GUTHRIE PRESIDENT 2123586400 2024-11-06 1 0 CANDICE METH P01306891 2129498700 2023 2024-10-15 13:58:12Z KEVIN GUTHRIE ONE LIBERTY PLAZA 165 BROADWAY NEW YORK NY 10006 120660919 0 X WWW.ITHAKA.ORG X 1995 NY SEE SCHEDULE OITHAKA HARBORS INC.'S MISSION IS TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD. WE BELIEVE EDUCATION IS KEY TO THE WELL-BEING OF INDIVIDUALS AND SOCIETY. THROUGH OUR WORK, WE MAKE HIGHER EDUCATION AND ACCESS TO KNOWLEDGE MORE AFFORDABLE, IMPROVE OUTCOMES FOR STUDENTS AND RESEARCHERS, AND PRESERVE KNOWLEDGE FOR FUTURE GENERATIONS. WE PURSUE THIS MISSION THROUGH FOUR INNOVATIVE PROGRAM SERVICES: CONSTELLATE, ITHAKA S+R, JSTOR, AND PORTICO. 11 10 469 0 0 0 6513946 4421390 96904789 97557822 11969712 4167432 -236664 -116214 115151783 106030430 0 0 0 0 58025078 68269894 0 0 480102 49173533 48926809 107198611 117196703 7953172 -11166273 306195341 342158088 170308421 177487287 135886920 164670801 X SEE SCHEDULE OITHAKA HARBORS INC.'S MISSION IS TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD. WE BELIEVE EDUCATION IS KEY TO THE WELL-BEING OF INDIVIDUALS AND SOCIETY. THROUGH OUR WORK, WE MAKE HIGHER EDUCATION AND ACCESS TO KNOWLEDGE MORE AFFORDABLE, IMPROVE OUTCOMES FOR STUDENTS AND RESEARCHERS, AND PRESERVE KNOWLEDGE FOR FUTURE GENERATIONS. WE PURSUE THIS MISSION THROUGH FOUR INNOVATIVE PROGRAM SERVICES: CONSTELLATE, ITHAKA S+R, JSTOR, AND PORTICO. 0 0 93264042 88889555 JSTOR - SEE SCHEDULE OJSTOR IS A MISSION-DRIVEN DIGITAL LIBRARY THAT WORKS WITH THE ACADEMIC COMMUNITY TO PRESERVE, PROVIDE ACCESS TO, AND SUPPORT THE USE OF SCHOLARLY CONTENT. OUR COLLECTIONS CONTAIN MORE THAN 12 MILLION ACADEMIC JOURNAL ARTICLES,100,000 BOOKS, AND 2 MILLION IMAGES AND PRIMARY SOURCE ITEMS. THESE MATERIALS ARE ACCESSIBLE TO SCHOLARS AND STUDENTS AT 13,000+ HIGHER EDUCATION AND OTHER EDUCATIONAL AND RESEARCH INSTITUTIONS IN 180 COUNTRIES. A GROWING BODY OF OPEN ACCESS MATERIAL IS ALSO ACCESSIBLE TO THE PUBLIC. OVER TWO DECADES, WE HAVE BUILT CRITICAL DIGITAL INFRASTRUCTURE TO SUPPORT MANAGING, MAKING ACCESSIBLE, AND PRESERVING COLLECTIONS IN WAYS THAT SUPPORT RESEARCH, TEACHING, AND LEARNING. WE ARE CONTINUING TO INVEST IN NEW AREAS FOR THE FUTURE, INCLUDING A NEW SET OF INFRASTRUCTURE SERVICES THAT EMPOWER LIBRARIES TO PRESERVE AND MAKE THEIR ARCHIVES AND SPECIAL COLLECTIONS ACCESSIBLE THROUGH OUR PLATFORM AND TOOLS THAT LEVERAGE THE LATEST TECHNOLOGIES, INCLUDING GENERATIVE AI. IN ADDITION TO PROGRAM SERVICE REVENUE OF $88,899,555 REPORTED IN PART VIII, LINE 2A, ITHAKA RECEIVED GRANT REVENUE OF $94,099 ALLOCABLE TO JSTOR REPORTED ON PART VIII, LINE 1F. 6138672 6205706 PORTICO - SEE SCHEDULE OPORTICO IS A COMMUNITY-SUPPORTED PRESERVATION ARCHIVE THAT SAFEGUARDS ACCESS TO E-JOURNALS, E-BOOKS, AND DIGITAL COLLECTIONS. OUR UNIQUE, TRUSTED PROCESS ENSURES THAT THE CONTENT WE PRESERVE WILL REMAIN ACCESSIBLE AND USABLE FOR RESEARCHERS, SCHOLARS, AND STUDENTS IN THE FUTURE. PORTICO PRESERVES AN EXTENSIVE SET OF CONTENT IN ITS ARCHIVE: MORE THAN 2.5 BILLION FILES, COMPOSED OF 96 MILLION JOURNAL ARTICLES, 1.6 MILLION EBOOKS, AND 8.2 MILLION ITEMS FROM DIGITAL COLLECTIONSTOTALING 560 TB. THIS INCLUDES SCHOLARLY CONTENT FROM 86 COUNTRIES AND A GROWING SET OF ARCHIVES OF UNDERREPRESENTED VOICES, ENSURING THAT RESEARCH FROM A BROAD RANGE OF CULTURES AND PERSPECTIVES WILL REMAIN ACCESSIBLE TO USERS FOR THE LONG TERM. PORTICO NOW HAS MORE THAN 1,285 PARTICIPATING LIBRARIES WHO, ALONG WITH MORE THAN 1,079 PARTICIPATING PUBLISHERS, ALLOW US TO MEET OUR MISSION OF ENSURING THAT SCHOLARLY CONTENT REMAINS USABLE, AUTHENTIC, DISCOVERABLE, AND ACCESSIBLE. SUCH BROAD COMMUNITY SUPPORT AND COLLABORATION ALLOWS US TO PROVIDE LONG-TERM DIGITAL PRESERVATION IN A COST-EFFECTIVE AND SUSTAINABLE WAY. 8140429 2462561 ITHAKA S+R - SEE SCHEDULE OITHAKA S+R PROVIDES COLLABORATIVE STRATEGIES AND RESEARCH FOR HIGHER EDUCATION AND THE ARTS. WE PARTNER WITH FOUNDATIONS, CONSORTIA, AND INDIVIDUAL INSTITUTIONS TO SEEK SOLUTIONS AND INFORM POLICIES IN A RAPIDLY CHANGING ENVIRONMENT. OUR ACTION-ORIENTED RESEARCH SUPPORTS INSTITUTIONAL DECISION-MAKING, AND OUR ORGANIZATION ACTS AS A HUB TO PROMOTE AND GUIDE COLLABORATION ACROSS THE COMMUNITIES WE SERVE. WITH OUR PARTNERS, WE DESIGN AND EVALUATE PROJECTS THAT MAKE HIGHER EDUCATION, SCHOLARLY COMMUNICATION, AND CULTURAL COLLECTIONS MORE ACCESSIBLE TO DIVERSE POPULATIONS. OUR EXTENSIVE, FREELY ACCESSIBLE LIBRARY INCLUDES 200+ RESEARCH REPORTS AND ISSUE BRIEFS, AND 500+ BLOG POSTS. IN ADDITION TO PROGRAM SERVICE REVENUE OF $2,462,561 REPORTED IN PART VIII, LINE 2C, ITHAKA RECEIVED GRANT REVENUE OF $4,327,291 ALLOCABLE TO ITHAKA S+R REPORTED IN PART VIII, LINE 1E AND 1F. 107543143 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 79 0 1 469 1 0 1 UK 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO IN MA MN NJ NY NC OR WA IL MO TN OK X MARGO CHRZANOWSKA 2133586400 ONE LIBRERTY PLAZA 165 BROADWAY NEW YORK NY 10006 X BARBARA ROCKENBACH TRUSTEE 2.00 X 0 0 0 CURTIS L KENDRICK TRUSTEE 2.00 X 5000 0 0 DR CLAUDIA V SCHRADER TRUSTEE 2.00 X 5000 0 0 HERBERT S WINOKUR JR TRUSTEE (THRU 6/2023) 2.00 X 2500 0 0 JEFFREY A SINE TRUSTEE 2.00 X 0 0 0 KEVIN GUTHRIE TRUSTEE & PRESIDENT 40.00 X X 622956 0 62308 LAUREN MESERVE TRUSTEE 2.00 X 0 0 0 MARTHA E POLLACK TRUSTEE 2.00 X 0 0 0 PAMELA YEE TRUSTEE 2.00 X 0 0 0 PETER J DOUGHERTY TRUSTEE 2.00 X 5000 0 0 STEVEN G POSKANZER ITHAKA CHAIR 2.00 X 5000 0 0 SYLVESTER A JOHNSON TRUSTEE 2.00 X 5000 0 0 ARIELLE ALI START 52023 CHIEF FINANCIAL OFFICER & TREASURER 40.00 X 205905 0 35609 CATHARINE HILL MANAGING DIRECTOR, ITHAKA S+R 36.00 X 347775 0 52779 DEBORA BARRETT VP, WORK LIFE & CULTURE 40.00 X 234069 0 42723 GERARD AURIGEMMA THRU 52023 CHIEF FINANCIAL OFFICER & TREASURER 40.00 X 347301 0 29837 KATE WITTENBERG MANAGING DIRECTOR, PORTICO 40.00 X 288857 0 48641 NANCY KOPANS VP, GENERAL COUNSEL & SECRETARY 40.00 X 357496 0 51066 DALE MYERS CHIEF TECHNOLOGY OFFICER 40.00 X 314582 0 41906 HEIDI BARTOLACCI VP, COMMUNICATIONS 30.00 X 227021 0 51330 JABIN WHITE THRU 92023 VP, CONTENT MANAGEMENT 40.00 X 296458 0 38663 JOHN LENAHAN VP, PUBLISHED CONTENT 40.00 X 314430 0 58749 MATT MACQUEEN VP, PRODUCT & DESIGN 40.00 X 312585 0 56451 MICHELLE LEE CHIEF TECHNOLOGY OFFICER 40.00 X 351831 0 61437 REBECCA SEGER VICE PRESIDENT, IPSP 40.00 X 358537 0 62674 ROBERT HETERICK SVP, OPEN COLLECT & INFRA 40.00 X 312856 0 61300 SEYMOUR DOUGLAS VP, DATA & ANALYTICS 40.00 X 277729 0 46430 ALEX HUMPHREYS VP, INNOVATION 40.00 X 263302 0 56348 HARMONY FAUST VP, MARKETING 40.00 X 277821 0 57234 MARTIN KURZWEIL VP, EDUC TRANSF S+R 40.00 X 253510 0 54586 ROGER SCHONFELD VP, ORG STRATEGY & LSCM 40.00 X 242014 0 54220 RONALD SNYDER JR DIR, RESEARCH & DEV 40.00 X 223800 0 51707 6458335 0 1075998 204 0 1 0 COGNIZANT TECHNOLOGY SOLUTIONS US CORP 211 QUALITY CIRCLE COLLEGE STATION TX 77845 SOFTWARE ENGINEERING 1826297 INDEPTH STRATEGIES LLC 1759 HYDE STREET SAN FRANCISCO CA 94109 EXECUTIVE CONSULTING 539120 APEX COVANTAGE LLC 4045 SHERIDAN AVENUE MIAMI BEACH FL 33140 EXTERNAL CONTENT MANAGEMENT 443738 E-IT PROFESSIONALS CORP 17199 N LA LIVONIA MI 48152 SOFTWARE ENGINEERING 424099 NINESTARS INFORMATION TECHNOLOGIES LTD 756 VASAN AVENUE ANNASALAI CHENNAI IN 600 002 EXTERNAL CONTENT MANAGEMENT 423000 18 73593 4347797 4421390 JSTOR 519200 88889555 88889555 PORTICO 519200 6205706 6205706 ITHAKA S+R 519200 2462561 2462561 97557822 7815224 7815224 10982697 14630489 -3647792 -3647792 -3647792 OTHER INCOME 900099 10275 10275 CURRENCY EXCHANGE LOSS 900099 -126489 -126489 -116214 106030430 97568097 0 4040943 5399745 4755108 560396 84241 46038403 42052957 3716670 268776 4732086 4279110 417247 35729 8574869 7830601 679525 64743 3524791 3204618 293560 26613 325299 325299 168101 168101 8032910 6434242 1598668 64847 64332 515 205956 130641 75315 9876327 9610036 266291 3174231 2734610 439621 1607759 1497643 110116 280387 280387 1844208 1824805 19403 372241 372241 FEES & PUBLISHER PMTS 19637131 19637131 AQUISITIONS/SCANNING 1685834 1685834 COMMISSIONS 964313 964313 687265 231476 455789 117196703 107543143 9173458 480102 165 165 29289084 19686229 4689560 4216477 3918330 6095816 3854349 3943844 27233081 23971128 1819439 3261953 163767034 241200517 123745317 21423897 17441253 306195341 342158088 26914039 30006359 126495359 133090035 16899023 14390893 170308421 177487287 X 128017451 158464784 7869469 6206017 135886920 164670801 306195341 342158088 X -11166273 40108747 -158593 X 0 1 X 1 0 X 2748417 3137663 4510666 6513946 4421390 21332082 97203721 98126649 98741791 96904789 97557822 488534772 99952138 101264312 103252457 103418735 101979212 509866854 0 0 0 509866854 3554755 5461475 14526452 12813195 7815224 44171101 90319 90319 3645074 5461475 14526452 12813195 7815224 44261420 634203 127980 -162183 -236664 -116214 247122 104231415 106853767 117616726 115995266 109678222 554375396 0.91970 0.91420 0.07980 0.08540 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: CURRENCY EXCHANGE GAIN/LOSS - 2019 AMOUNT: $ 276,720. 2020 AMOUNT: $ 112,992. 2021 AMOUNT: $ -162,183. 2022 AMOUNT: $ -254,059. 2023 AMOUNT: $ -126,489. SHARED SERVICES INCOME - 2019 AMOUNT: $ 355,481. 2020 AMOUNT: $ 14,988. OTHER INCOME - 2019 AMOUNT: $ 2,002. 2022 AMOUNT: $ 17,395. 2023 AMOUNT: $ 10,275. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2853627 2825935 27692 24379454 21145193 3234261 3261953 MULTI-ASSET MUTUAL FUND 64909558 F DOMESTIC LIMITED PARTNERSHIP 53934088 F CONVERTIBLE PROMISSORY NOTE 4651671 F SIMPLE AGREEMENT FUTURE EQUITY(SAFE) 250000 F 123745317 SOFTWARE COSTS, NET 843664 GOODWILL 3950957 SECURITY DEPOSITS 28350 RIGHT-OF-USE ASSET - OPERATING LEASES 12618282 17441253 LEASE LIABILITY 14390893 14390893 X 146139177 40108747 40108747 106030430 0 106030430 117355296 158593 158593 117196703 117196703 PART X, LINE 2: ITHAKA IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF ITHAKA'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON ITHAKA'S CONSOLIDATED FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE ACCOUNTS EUROPE 0 2 PROGRAM SERVICES BUSINESS DEVELOPMENT 196400 EAST ASIA AND THE PACIFIC 0 3 PROGRAM SERVICES BUSINESS DEVELOPMENT 276144 SOUTH ASIA 0 1 PROGRAM SERVICES SCANNING 423000 0 6 0 0 0 6 895544 0 895544 1 0 0 0 0 0 SCHEDULE F, PART 1, LINE 3, COLUMN F ACCOUNTING METHOD IS ACCRUAL BASIS. X X X 1 1 0 0 0 0 0 0 0 KEVIN GUTHRIE TRUSTEE & PRESIDENT 622956 0 0 0 0 0 33000 0 29308 0 685264 0 0 0 REBECCA SEGER VICE PRESIDENT, IPSP 358537 0 0 0 0 0 33000 0 29674 0 421211 0 0 0 MICHELLE LEE CHIEF TECHNOLOGY OFFICER 351831 0 0 0 0 0 33000 0 28437 0 413268 0 0 0 NANCY KOPANS VP, GENERAL COUNSEL & SECRETARY 347496 0 10000 0 0 0 33000 0 18066 0 408562 0 0 0 CATHARINE HILL MANAGING DIRECTOR, ITHAKA S+R 347775 0 0 0 0 0 33000 0 19779 0 400554 0 0 0 GERARD AURIGEMMA THRU 52023 CHIEF FINANCIAL OFFICER & TREASURER 149795 0 0 0 197506 0 15000 0 14837 0 377138 0 0 0 ROBERT HETERICK SVP, OPEN COLLECT & INFRA 311856 0 0 0 1000 0 31992 0 29308 0 374156 0 0 0 JOHN LENAHAN VP, PUBLISHED CONTENT 290935 0 23495 0 0 0 29075 0 29674 0 373179 0 0 0 MATT MACQUEEN VP, PRODUCT & DESIGN 312550 0 35 0 0 0 31827 0 24624 0 369036 0 0 0 DALE MYERS CHIEF TECHNOLOGY OFFICER 314582 0 0 0 0 0 31500 0 10406 0 356488 0 0 0 KATE WITTENBERG MANAGING DIRECTOR, PORTICO 288857 0 0 0 0 0 28526 0 20115 0 337498 0 0 0 JABIN WHITE THRU 92023 VP, CONTENT MANAGEMENT 177219 0 62 0 119177 0 17644 0 21019 0 335121 0 0 0 HARMONY FAUST VP, MARKETING 272821 0 5000 0 0 0 27560 0 29674 0 335055 0 0 0 SEYMOUR DOUGLAS VP, DATA & ANALYTICS 277729 0 0 0 0 0 28364 0 18066 0 324159 0 0 0 ALEX HUMPHREYS VP, INNOVATION 263302 0 0 0 0 0 27040 0 29308 0 319650 0 0 0 MARTIN KURZWEIL VP, EDUC TRANSF S+R 243510 0 10000 0 0 0 24912 0 29674 0 308096 0 0 0 ROGER SCHONFELD VP, ORG STRATEGY & LSCM 231972 0 10042 0 0 0 24912 0 29308 0 296234 0 0 0 HEIDI BARTOLACCI VP, COMMUNICATIONS 217021 0 10000 0 0 0 21656 0 29674 0 278351 0 0 0 DEBORA BARRETT VP, WORK LIFE & CULTURE 224069 0 10000 0 0 0 22608 0 20115 0 276792 0 0 0 RONALD SNYDER JR DIR, RESEARCH & DEV 218712 0 0 0 5088 0 22033 0 29674 0 275507 0 0 0 ARIELLE ALI START 52023 CHIEF FINANCIAL OFFICER & TREASURER 183405 0 22500 0 0 0 18299 0 17310 0 241514 0 0 0 PART I, LINES 4A-B DURING 2023, TWO EMPLOYEES INCLUDED IN PART VII RECEIVED SEVERANCE IN THE TOTAL AMOUNT OF $276,787. ITHAKA HARBORS, INC. MAINTAINS A 457(B) DEFERRED-COMPENSATION PLAN FOR ELIGIBLE EMPLOYEES, AS DESIGNATED AND APPROVED BY ITHAKA HARBORS INC.'S BOARD OF TRUSTEES. UNDER THE TERMS OF THIS PLAN, ELIGIBLE EMPLOYEES MAY MAKE ELECTIVE DEFERRALS UP TO THE MAXIMUM AMOUNT PERMITTED BY LAW. ITHAKA HARBORS, INC. DOES NOT CONTRIBUTE TO THIS PLAN. PART I, LINE 7 DURING 2023, ITHAKA PROVIDED BONUS PAYMENTS TO IDENTIFIED EMPLOYEES BASED ON MEETING CERTAIN OBJECTIVE PERFORMANCE CRITERIA/METRICS. BONUS PAYMENTS ARE AUTHORIZED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT AND RISK MANAGEMENT COMMITTEE AND THE ENTIRE BOARD HAS AN OPPORTUNITY TO REVIEW IT AS WELL PRIOR TO THE ELECTRONIC FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C ITHAKA'S CONFLICTS OF INTEREST POLICY APPLIES TO ITS GOVERNING BOARD, CORPORATE OFFICERS, KEY EMPLOYEES, AND OTHERS REPRESENTING THE ORGANIZATION. MEMBERS OF ITHAKA'S GOVERNING BOARD ARE REQUIRED TO DISCLOSE ALL CONFLICTS OF INTEREST AT THE TIME THEY ARISE AND ANNUALLY VIA A WRITTEN DISCLOSURE PROCESS. THE AUDIT AND RISK MANAGEMENT COMMITTEE IS CHARGED WITH REVIEWING CONFLICTS OF INTEREST TRANSACTIONS ASSOCIATED DECISIONS AND MAKING A DETERMINATION REGARDING ANY RESTRICTIONS TO BE IMPOSED ON THE TRANSACTION. ITHAKA'S OFFICERS AND KEY EMPLOYEES ARE LIKEWISE REQUIRED TO DISCLOSE TO THEIR SUPERVISORS PROMPTLY ALL CONFLICTS OF INTEREST THAT ARISE AND COMPLETE AN ANNUAL CONFLICTS OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY: THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF TRUSTEES OF ITHAKA HARBORS, INC. CONDUCTS AN ANNUAL REVIEW OF OFFICER AND NON-OFFICER COMPENSATION. AS PART OF THIS REVIEW, THE COMMITTEE REFERENCES AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS AND INTERNAL EQUITY CONSIDERATIONS, AND IT UTILIZES AN ANALYSIS OF OFFICER AND NON-OFFICER SALARIES PREPARED BY INDEPENDENT EXTERNAL SOURCES USING INDUSTRY BENCHMARKING DATA. THE ANNUAL REVIEW PROCESS COVERS ALL OFFICERS AND OTHER STAFF. COMPENSATION DECISIONS FOR OFFICERS ARE PROPOSED BY THE COMPENSATION COMMITTEE OF ITHAKA, THEN REVIEWED AND APPROVED BY ITHAKA'S FULL BOARD OF TRUSTEES. THE COMMITTEE DETERMINES THE OVERALL MERIT INCREASE POOL FOR NON-OFFICER EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 ITHAKA'S FORM 990 AND ANNUAL CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST; OTHER GOVERNING DOCUMENTS ARE NOT OPEN FOR PUBLIC INSPECTION. FORM 990, PART VII EACH MEMBER OF THE BOARD OF TRUSTEES, EXCEPT THE PRESIDENT, IS ENTITLED TO A STIPEND FOR SERVICES PROVIDED AS A MEMBER OF THE GOVERNING BODY OF ITHAKA HARBORS, INC. NO PAYMENTS EXCEEDED THE REPORTING THRESHOLD OF $10,000; ACCORDINGLY THESE BOARD MEMBERS ARE DEEMED INDEPENDENT FOR REPORTING PURPOSES ON FORM 990, PART I, LINE 4 AND PART VI, SECTION A, LINE 1B. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE ACCOUNTS -158,593. ITHAKA INTERNATIONAL LLC ONE LIBERTY PLAZA 165 BROADWAY NEW YORK NY 10006 461181573 BUSINESS DEVELOPMENT DE 0 27616 ITHAKA