2026-09-23T12:13:17+00:00 2025-12-31 331498605 PLANTE & MORAN PLLC 10 SOUTH RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2025-01-01 363156154 HOLOCAUST MEMORIAL FOUNDATION OF ILLINOIS INC HOLO 8479674800 9603 WOODS DRIVE SKOKIE IL 60077 ROBERT EISENSTADT TREASURER 2026-09-23 true LU ANN TRAPP P01506476 3122071040 2026-09-08 2025 ILLINOIS HOLOCAUST MUSEUM AND EDUCATION CENTER ROB ROMANOFF 9603 WOODS DRIVE SKOKIE IL 60077 30498836 false X WWW.ILHOLOCAUSTMUSEUM.ORG X 1981 IL THE MISSION OF ILLINOIS HOLOCAUST MUSEUM & EDUCATION CENTER IS EXPRESSED IN ITS FOUNDING PRINCIPLE: REMEMBER THE PAST, TRANSFORM THE FUTURE. DEDICATED TO PRESERVING THE LEGACY OF THE HOLOCAUST, THE MUSEUM HONORS THE MEMORIES OF THOSE WHO WERE LOST AND THOSE WHO SURVIVED BY TEACHING UNIVERSAL LESSONS THAT COMBAT HATRED, PREJUDICE, AND INDIFFERENCE. THE MUSEUM FULFILLS ITS MISSION THROUGH THE EXHIBITION, PRESERVATION, AND INTERPRETATION OF ITS COLLECTIONS; AND THROUGH EDUCATION PROGRAMS AND INITIATIVES THAT FOSTER THE PROMOTION OF HUMAN RIGHTS AND THE ELIMINATION OF GENOCIDE. 64 64 55 290 24157 0 9444903 13386112 557086 471939 1931779 2022787 610920 531370 12544688 16412208 0 0 4734424 5803935 0 1229017 6506004 7252935 11240428 13056870 1304260 3355338 85328943 93812829 3183156 5952649 82145787 87860180 X THE MISSION OF ILLINOIS HOLOCAUST MUSEUM & EDUCATION CENTER IS EXPRESSED IN ITS FOUNDING PRINCIPLE: REMEMBER THE PAST, TRANSFORM THE FUTURE. DEDICATED TO PRESERVING THE LEGACY OF THE HOLOCAUST, THE MUSEUM HONORS THE MEMORIES OF THOSE WHO WERE LOST AND THOSE WHO SURVIVED BY TEACHING UNIVERSAL LESSONS THAT COMBAT HATRED, PREJUDICE, AND INDIFFERENCE. THE MUSEUM FULFILLS ITS MISSION THROUGH THE EXHIBITION, PRESERVATION, AND INTERPRETATION OF ITS COLLECTIONS; AND THROUGH EDUCATION PROGRAMS AND INITIATIVES THAT FOSTER THE PROMOTION OF HUMAN RIGHTS AND THE ELIMINATION OF GENOCIDE. true true 6939302 423728 ILLINOIS HOLOCAUST MUSEUM & EDUCATION CENTER'S PERMANENT COLLECTION CONSISTS OF OVER 30,000 ITEMS FORMERLY BELONGING TO HOLOCAUST VICTIMS AND SURVIVORS. THESE PRECIOUS ARTIFACTS WERE DONATED BY INDIVIDUALS LIVING PRIMARILY IN THE MIDWEST WHO DIRECTLY EXPERIENCED THE HOLOCAUST. TO SAFEGUARD THESE PIECES DURING THE CURRENT CONSTRUCTION OF THE SKOKIE BUILDING, THE MUSEUM'S CURATORIAL AND REGISTRAL TEAM EXECUTED A COMPREHENSIVE RELOCATION PLAN. EVERY ARTIFACT WAS THOROUGHLY CONDITION-REPORTED, EXPERTLY PACKED, AND MOVED TO A SECURE OFF-SITE FACILITY FOR PROPER STEWARDSHIP. AS CUSTODIANS OF THESE ITEMS, THE MUSEUM REMAINS DEDICATED TO USING THEM TO TELL THE STORIES OF THE LOCAL SURVIVOR COMMUNITY. 1663652 47984 THE MUSEUM HOSTS A WIDE ARRAY OF FILMS, DISCUSSIONS, LECTURES, CONCERTS AND FAMILY PROGRAMS TO EXPLORE DEEPER ASPECTS OF THE HOLOCAUST, WORLD WAR II, AND OTHER LESSONS. EDUCATIONAL PROGRAMMING AND OUTREACH AT THE MUSEUM PROVIDE FORUMS FOR VISITORS TO LEARN ABOUT THE IMPLICATIONS OF THE HOLOCAUST. DOCENT-LED AND SELF-GUIDED TOURS OF THE EXPERIENCE360 SITE IN CHICAGO ARE AVAILABLE FOR SCHOOLS, COMMUNITY ORGANIZATIONS, AND THE PUBLIC. 1218031 227 THE EXPERIENCE360 DOWNTOWN CHICAGO LOCATION FEATURES CUTTING-EDGE TECHNOLOGY AND IMMERSIVE STORYTELLING. EXPERIENCE360 OFFERS VISITORS AN OPPORTUNITY TO ENGAGE WITH HISTORY IN DEEPLY PERSONAL AND INTERACTIVE WAYS. EXHIBITS INCLUDE THE ITW SPECIAL EXHIBITION GALLERY FEATURING STORIES OF SURVIVAL, THE KARKOMI FAMILY FOUNDATION GALLERY FEATURING A PHOTOGRPAHIC AND NARRATIVE TIME ON THE HOLOCAUST & WORLD WAR II, THE LILLIAN AND LARRY GOODMAN FOUNDATION HOLOGRAPHY THEATER, AND THE NORTHERN TRUST VIRTUAL REALITY THEATER. THE MAIN MUSEUM IN SKOKIE HAS 6 CORE EXHIBITION SPACES, INCLUDING A HOLOGRAPHIC THEATER AND A SUITE OF 5 VR FILMS THAT ALLOW VISITORS TO "WALK" WITH SURVIVORS IN A 360 DEGREE ENVIRONMENT THROUGH FORMER CONCENTRATION CAMPS AND PLACES OF HIDING. 9820985 true true false true false false false true false true true false false false true false true false false false true false false false true true false false false true false false false false false false false false false false true true false false false false false false false false true 110 0 true 55 true true true false false false false true true false false false false false false X 64 64 true false false false false false true true true false false false true true true true true true true true false false IL X ANGELO BARONE 8479674866 9603 WOODS DRIVE SKOKIE IL 60077 ALLISON SATYR VICE PRESIDENT 1.0 0.0 X X 0 0 0 ELLEN GLASS ASSISTANT SECRETARY 1.0 0.0 X X 0 0 0 GAYLE LITTLETON SECRETARY 1.0 0.0 X X 0 0 0 HOWARD SWIBEL COUNSEL 1.0 0.0 X X 0 0 0 JEFFRY PFEFFER DIRECTOR 1.0 0.0 X X 0 0 0 LIZ XILAS VICE PRESIDENT 1.0 0.0 X X 0 0 0 MICHAEL GRAY VICE PRESIDENT 1.0 0.0 X X 0 0 0 MITCHELL L FEIGER CHAIR, BOARD OF TRUSTEES 1.0 0.0 X X 0 0 0 RALPH REHBOCK FIRST VICE PRESIDENT 1.0 0.0 X X 0 0 0 RICK SALOMON DIRECTOR 1.0 0.0 X X 0 0 0 ROBERT EISENSTADT TREASURER 1.0 0.0 X X 0 0 0 ROBERT ROMANOFF CHAIR, BOARD OF DIRECTORS 1.0 0.0 X X 0 0 0 SAM HARRIS PRESIDENT EMERITUS 1.0 0.0 X X 0 0 0 ABBEY ROMANEK DIRECTOR 1.0 0.0 X 0 0 0 ADAM SCHECTER DIRECTOR 1.0 0.0 X 0 0 0 ALAN GOLDBERG DIRECTOR 1.0 0.0 X 0 0 0 ANDREW LOWENTHAL DIRECTOR 1.0 0.0 X 0 0 0 ANDREW POTICHA DIRECTOR 1.0 0.0 X 0 0 0 ARI KLEIN DIRECTOR 1.0 0.0 X 0 0 0 ARI SAGETT DIRECTOR 1.0 0.0 X 0 0 0 ARTHUR AG HOLLIS III DIRECTOR 1.0 0.0 X 0 0 0 BRIAN BOORSTEIN DIRECTOR 1.0 0.0 X 0 0 0 CRAIG ESKO DIRECTOR 1.0 0.0 X 0 0 0 DAN GRANT DIRECTOR 1.0 0.0 X 0 0 0 DAN THALHEIMER DIRECTOR 1.0 0.0 X 0 0 0 DAVID GOLDER DIRECTOR 1.0 0.0 X 0 0 0 DAVID WARING DIRECTOR 1.0 0.0 X 0 0 0 DEDE HARRIS DIRECTOR 1.0 0.0 X 0 0 0 EILEEN KUGMAN DIRECTOR 1.0 0.0 X 0 0 0 HOWARD ACKERMAN DIRECTOR 1.0 0.0 X 0 0 0 IDA KERSZ DIRECTOR 1.0 0.0 X 0 0 0 JAMES RABINOWITZ DIRECTOR 1.0 0.0 X 0 0 0 JASON BIRNBAUM DIRECTOR 1.0 0.0 X 0 0 0 JASON PELTZ DIRECTOR 1.0 0.0 X 0 0 0 JEFF JACOBS DIRECTOR 1.0 0.0 X 0 0 0 JEFF KREAMER DIRECTOR 1.0 0.0 X 0 0 0 JON BALLIS DIRECTOR 1.0 0.0 X 0 0 0 JORDAN LAMM DIRECTOR 1.0 0.0 X 0 0 0 JOSH LEVIN DIRECTOR 1.0 0.0 X 0 0 0 JOY MILLER DIRECTOR 1.0 0.0 X 0 0 0 JUDITH RADER DIRECTOR 1.0 0.0 X 0 0 0 JULIE BASHKIN DIRECTOR 1.0 0.0 X 0 0 0 JULIE KREAMER DIRECTOR 1.0 0.0 X 0 0 0 MARC JOSEPH DIRECTOR 1.0 0.0 X 0 0 0 MARK GROSSMANN DIRECTOR 1.0 0.0 X 0 0 0 MARK PINSKY DIRECTOR 1.0 0.0 X 0 0 0 MATTHEW SEIDNER DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL MALING DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL MARCOVICI DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL NORTMAN DIRECTOR 1.0 0.0 X 0 0 0 MIKE JACOBY DIRECTOR 1.0 0.0 X 0 0 0 MIRIAM GOLDBERGER DIRECTOR 1.0 0.0 X 0 0 0 OLGA WEISS DIRECTOR 1.0 0.0 X 0 0 0 PAUL LANGER DIRECTOR 1.0 0.0 X 0 0 0 ROB SAMSON DIRECTOR 1.0 0.0 X 0 0 0 ROBERT KALMAN DIRECTOR 1.0 0.0 X 0 0 0 ROSEMARY MATZL DIRECTOR 1.0 0.0 X 0 0 0 ROSS CHAIFETZ DIRECTOR 1.0 0.0 X 0 0 0 SANDY REBITZER DIRECTOR 1.0 0.0 X 0 0 0 SCOTT GENDELL DIRECTOR 1.0 0.0 X 0 0 0 SIMONA CITRON DIRECTOR 1.0 X 0 0 0 SUSIE KARKOMI DIRECTOR 1.0 0.0 X 0 0 0 TOBY GLICKMAN DIRECTOR 1.0 0.0 X 0 0 0 BERNARD CHERKASOV CHIEF EXECUTIVE OFFICER 40.0 0.0 X 460376 0 43421 ANGELO BARONE SR VP OF FINANCE AND OPERATIONS 40.0 0.0 X 257465 0 17307 JANET WEISS SR VP OF MARKETING 40.0 0.0 X 211310 0 14316 KELLEY HAYES SZANY SR VP OF EDUCATION AND EXHIBITIONS 40.0 0.0 X 275276 0 17645 KENNETH COOPER SR VP OF DEVELOPMENT 40.0 0.0 X 344385 0 20326 ARIELLE WEININGER CHIEF CURATOR COLLECTIONS AND EXHIBITS 40.0 0.0 X 133652 0 4767 JOEL NEWTON DIR OF TECH SERVICES 40.0 0.0 X 113753 0 18494 KEVIN LOWRY BUILDING OPERATIONS MANAGER 40.0 0.0 X 114046 0 13861 LORI FAGENHOLZ ASSOC DIR OF DEVELOPMENT 40.0 0.0 X 124797 0 13861 RICHARD STORER CONTROLLER 40.0 0.0 X 138552 0 14855 2173612 0 178853 12 false true false CONFORTI CONSTRUCTION SERVICES INC 770 FENVIEW CIRCLE ALGONQUIN IL 60102 CONSTRUCTION 881715 PEPPER CONSTRUCTION COMPANY 411 NORTH LAKE ZURICH ROAD BARRINGTON IL 60010 CONSTRUCTION 746114 UNIVERSITY OF SOUTHERN CALIFORNIA USC DIGITAL REPOSITORY 3550 TROUSDLE PKWY DML 310 LOS ANGELES CA 900890183 HOLOGRAM EXHIBITION SERVICES 486375 UNIVERSAL PROTECTION SERVICE LP PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY 303351 LUCI CREATIVE LUCI CREATIVE LINCOLNWOOD IL 60712 EXHIBIT DESIGN 278161 15 253253 2444118 3166963 7521778 796714 13386112 ADMISSIONS INCOME 611710 414960 414960 OTHER PROGRAMS 611710 48881 48881 SPEAKER INCOME 611710 8098 8098 0 0 0 0 471939 1543870 1543870 0 0 13457760 12978843 478917 0 478917 478917 955787 2444118 813009 142778 142778 606000 253831 352169 352169 77368 40945 36423 12266 24157 0 0 0 0 0 16412208 484205 24157 2517734 1661825 770445 526670 364710 3333763 2047595 709643 576525 61772 40889 10330 10553 378028 188844 146476 42708 368547 215990 88168 64389 6278 6278 61569 61569 44307 44307 150277 150277 0 0 0 0 266432 266432 420941 365688 13791 41462 165443 165443 1306003 1306003 104572 77160 26251 1161 2024 2024 2904144 2904144 110067 81047 29020 EDUCATION 731750 731750 SPECIAL EXHIBITIONS 642238 642238 ALL OTHER EXPENSES 153560 17317 118567 17676 BANK CHARGES AND LOC FE 139639 73497 66142 43691 0 0 43691 13056870 9820985 2006868 1229017 3301163 3527296 10030100 9900513 4108630 4461412 0 0 0 0 645826 774411 61130 67792 1600978 1888589 68660267 32916093 32963605 35744174 32617511 37448642 0 0 0 0 85328943 93812829 452092 2665166 1257681 1565018 0 0 1473383 1722465 3183156 5952649 X 76255610 81213839 5890177 6646341 82145787 87860180 85328943 93812829 3355338 2321555 37500 0 X false true true false X 8300583 16267627 9535528 9444903 13381842 56930483 0 0 0 0 8300583 16267627 9535528 9444903 13381842 56930483 6402750 50527733 989664 876835 1202707 1474503 1543870 6087579 0 0 0 0 0 0 0 0 0 63018062 2921312 0.80180 0.78932 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 44307 44307 false SCHEDULE C, PART II-B, LINE 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY RETAINERS FOR TWO LAW FIRMS WHICH ASSISTED THE ORGANIZATION IN SECURING GRANTS FROM THE STATE. THE LAW FIRMS MAINTAIN CONTACT WITH THE STATE LEGISLATURE CONCERNING BOTH CURRENT AND POSSIBLE FUTURE GRANTS FROM THE STATE. X X X X false 443469 38216 33954 515639 391253 37888 14878 550 443469 305103 129292 -43142 391253 278721 10000 16382 305103 251136 10350 17235 278721 0.823 0.177 false false 51615859 23190841 28425018 1415341 154282 1261059 2580032 2028463 551569 13049035 7542507 5506528 35744174 FEDERAL INCOME TAXES DEFERRED COMPENSATION 981254 LEASE LIABILITY 741211 1722465 20239685 2321555 548414 1107785 3977754 16261931 150277 0 150277 16412208 14525292 510914 1107785 1618699 12906593 150277 0 150277 13056870 SCHEDULE D, PART III, LINE 1A COLLECTIONS OF ART - FINANCIAL STATEMENT FOOTNOTE THE VALUE OF THE FOUNDATION'S COLLECTIONS IS NOT INCLUDED IN THE FINANCIAL STATEMENTS. THE COST OF OBJECTS PURCHASED IS REPORTED AS OTHER CHANGES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. THE FOUNDATION'S POLICY IS TO MAINTAIN AND CONTINUE TO ACQUIRE MATERIAL EVIDENCE, ART, AND ARTIFACTS OF VICTIMS AND SURVIVORS OF THE HOLOCAUST (PRINCIPALLY 1933 TO 1945). FROM TIME TO TIME, OBJECTS MAY BE SOLD IN ACCORDANCE WITH THE FOUNDATION'S COLLECTION MANAGEMENT POLICY. DEACCESSION, THE PROCESS USED TO PERMANENTLY REMOVE AN OBJECT FROM THE FOUNDATION'S COLLECTION, MAY RESULT ONLY IF CERTAIN CONDITIONS HAVE BEEN MET. ALL PROCEEDS REALIZED FROM DEACCESSIONS ARE ALLOCATED TO PURCHASE OTHER OBJECTS FOR THE FOUNDATION'S COLLECTION. SCHEDULE D, PART III, LINE 4 COLLECTIONS OF ART - DESCRIPTION OF COLLECTIONS THE MUSEUM CONTAINS THE LARGEST MIDWEST COLLECTION OF MEMORABILIA DONATED BY SURVIVORS AND LIBERATORS FOR THE HOLOCAUST AND IS OPEN TO THE GENERAL PUBLIC. THAT COLLECTION FACILITATES THE MUSEUM'S PRIMARY MISSION OF REMEMBRANCE AND EDUCATION ABOUT THE HOLOCAUST. SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENT CONSISTS OF THREE INDIVIDUAL FUNDS ESTABLISHED FOR EDUCATIONAL PURPOSES. SCHEDULE D, PART XI, LINE 2(D) OTHER REVENUES IN AUDITED FINANCIAL STATEMENTS NOT IN FORM 990 SPECIAL EVENT EXPENSES - 1066840 COST OF GOODS SOLD - 40945 SCHEDULE D, PART XII, LINE 2(D) OTHER EXPENSES IN AUDITED FINANCIAL STATEMENTS NOT IN FORM 990 SPECIAL EVENT EXPENSES - 1066840 COST OF GOODS SOLD - 40945 EUROPE (INCLUDING ICELAND AND GREENLAND) FUNDRAISING GRANT RECEIVED 0 0 0 0 0 0 0 0 0 false false false false false false SCHEDULE F, PART I, LINE 3 METHOD USED TO ACCOUNT FOR EXPENDITURES ON ORG'S FINANCIAL STATEMENTS EUROPE (INCLUDING ICELAND AND GREENLAND)-ACCRUAL ANNUAL DINNER 2196138 1446585 749553 0 0 201021 366838 0 139540 WLC EVENT 479349 307614 171735 0 0 5000 49859 0 16416 4 724418 689919 34499 0 0 3215 25304 0 5816 3399905 2444118 955787 0 0 209236 442001 0 161772 813009 142778 0 0 0 0 0 0 0 0 0 0 0 0 606000 0 0 34900 218931 true 0.2 606000 0 0 34900 218931 253831 352169 IL true false true false 0 1.0 ANGELO BARONE 9603 WOODS DR SKOKIE IL 60077 false LORI FAGENHOLZ 7000 OVERALL SUPERVISION AND MANGEMENT OF EVENT X false X X X false false false false false false false true false BERNARD CHERKASOV CHIEF EXECUTIVE OFFICER 400276 0 60100 0 0 0 33500 0 9921 0 503797 0 0 0 KENNETH COOPER SR VP OF DEVELOPMENT 294385 0 50000 0 0 0 10002 0 10324 0 364711 0 0 0 KELLEY HAYES SZANY SR VP OF EDUCATION AND EXHIBITIONS 250276 0 25000 0 0 0 5644 0 12001 0 292921 0 0 0 ANGELO BARONE SR VP OF FINANCE AND OPERATIONS 232365 0 25100 0 0 0 6983 0 10324 0 274772 0 0 0 JANET WEISS SR VP OF MARKETING 201210 0 10100 0 0 0 6477 0 7839 0 225626 0 0 0 RICHARD STORER CONTROLLER 133452 0 5100 0 0 0 4551 0 10304 0 153407 0 0 0 SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS CERTAIN INDIVIDUALS RECEIVED BONUSES BASED ON PERFORMANCE AND ACHIEVING ESTABLISHED BENCHMARKS OF THE ORGANIZATION. BONUSES FOR KEY EMPLOYEES AND THE CHIEF EXECUTIVE OFFICER ARE SET AND APPROVED BY THE BOARD OF DIRECTORS. 20 OTHER - N/A 24 707146 OTHER - NYSE 683 OTHER - N/A X TRAVEL CERTIFICATES 1 50000 MARKET VALUE X GIFT CARDS 32 9965 MARKET VALUE X MISCELLANEOUS 25 29603 MARKET VALUE 0 false true true SCHEDULE M, PART I, LINE 32B THIRD PARTIES USED TO SOLICIT, PROCESS, OR SELL NONCASH CONTRIBUTIONS UPON RECEIPT OF STOCK DONATIONS, UBS IS INSTRUCTED TO SELL THEM AS SOON AS POSSIBLE. SCHEDULE M, PART I, LINE 33 NONCASH CONTRIBUTION AMOUNTS NOT REPORTED A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G, RELATED TO THE NON-CASH DONATIONS OF ART AND HISTORICAL ARTIFACTS BECAUSE THE MUSEUM DID NOT CAPITALIZE ITS COLLECTIONS, AS ALLOWED UNDER SFAS 116. SCHEDULE M, PART I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED - NUMBER OF CONTRIBUTIONS OTHER - TRAVEL CERTIFICATES NUMBER OF CONTRIBUTIONS OTHER - GIFT CARDS NUMBER OF CONTRIBUTIONS OTHER - MISCELLANEOUS NUMBER OF CONTRIBUTIONS HISTORICAL ARTIFACTS - ITEMS CONTRIBUTED ART - WORKS OF ART - ITEMS CONTRIBUTED FORM 990, PART III, LINE 2 NEW PROGRAM SERVICES THE ORGANIZATION OPENED A NEW TEMPORARY LOCATION, EXPERIENCE 360, DOWNTOWN CHICAGO IN 2025. THE ORGANIZATION BEGAN LICENSIING VIRTUAL REALITY FILMS TO OTHER MUSEUMS IN 2025. FORM 990, PART III, LINE 3 SIGNIFICANT CHANGES IN PROGRAM SERVICES THE ORGANIZATION'S SKOKIE LOCATION WAS TEMPORARILY CLOSED FOR CAPITAL PROJECTS STARTING IN JUNE 2025 AND EXPECTS TO REOPEN IN FALL 2026. A TEMPORARY SPACE IN DOWNTOWN CHICAGO WAS LEASED IN CONJUNCTION WITH THE TEMPORARY CLOSURE OF THE SKOKIE LOCATION. FORM 990, PART VI, LINE 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS SAMUEL HARRIS, PRESIDENT EMERITUS & DEDE HARRIS, DIRECTOR - FAMILY RELATIONSHIP, SAMUEL HARRIS, PRESIDENT EMERITUS , JULIE KREAMER, DIRECTOR & JEFF KREAMER, DIRECTOR - FAMILY RELATIONSHIP, DEDE HARRIS, DIRECTOR, JULIE KREAMER, DIRECTOR & JEFF KREAMER, DIRECTOR - FAMILY RELATIONSHIP, MARC JOSEPH, DIRECTOR & ROBERT ROMANOFF, CHAIR OF THE BOARD OF DIRECTORS - BUSINESS RELATIONSHIP, RICHARD CHAIFETZ, TRUSTEE & ROSS CHAIFETZ, DIRECTOR - FAMILY RELATIONSHIP FORM 990, PART VI, LINE 7B DECISIONS REQUIRING APPROVAL BY MEMBERS OR STOCKHOLDERS THE CORPORATION HAS A BOARD OF TRUSTEES WHICH SHALL HAVE THE AUTHORITY AND POWER TO: (I) ESTABLISH INVESTMENT POLICY AND GUIDELINES FOR THE CORPORATION; (II) REVIEW AND EITHER APPROVE OR REJECT THE ANNUAL BUDGET PROPOSED BY THE BOARD OF DIRECTORS; (III) REVIEW THE QUARTERLY OPERATING RESULTS; (IV) REVIEW AND EITHER APPROVE OR REJECT THE RECOMMENDATIONS OF THE BOARD REGARDING PROPOSALS FOR BUDGETARY EXCEPTIONS AND CAPITAL PROJECTS FOR ANY SINGLE ITEM IN EXCESS OF $500,000 OR ANY SERIES OF RELATED ITEMS AGGREGATING IN EXCESS OF $500,000; AND (V) REVIEW AND EITHER APPROVE OR REJECT THE RECOMMENDATION BY THE BOARD OF DIRECTORS FOR THE HIRING OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, LINE 11B REVIEW OF FORM 990 BY GOVERNING BODY THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. THE FORM 990 IS APPROVED BY THE FINANCE COMMITTEE, WITH FINAL APPROVAL GIVEN BY THE EXECUTIVE COMMITTEE ON BEHALF OF THE BOARD OF DIRECTORS. ALL VOTING MEMBERS OF THE GOVERNING BODY ARE SENT A COPY OF THE FORM 990 PRIOR TO FILING THE RETURN. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY DISCLOSURE FORMS ARE REVIEWED BY BOARD LEADERSHIP FOR POSSIBLE CONFLICTS. NEW DIRECTORS ARE REQUIRED TO COMPLETE DISCLOSURE FORM. FORM 990, PART VI, LINE 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE CHIEF EXECUTIVE OFFICER SALARY UPON HIRE AND ALSO REVIEWS AND APPROVES THEIR COMPENSATION ON AN ANNUAL BASIS. A SALARY SURVEY IS USED TO ANALYZE THE MARKET VALUE OF COMPARABLE POSITIONS WITH SIMILAR ORGANIZATIONS. FORM 990, PART VI, LINE 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES THE SAME COMPENSATION REVIEW PROCESS DETAILED ABOVE FOR THE CHIEF EXECUTIVE OFFICER IS UTILIZED FOR ALL KEY EMPLOYEES. FORM 990, PART VI, LINE 19 REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES OR AVAILABLE UPON WRITTEN REQUEST.