| Form 990 Part III Line 1 |
THE CARNEGIE HALL CORPORATION'S MISSION IS TO PRESENT EXTRAORDINARY MUSIC AND MUSICIANS ON THE THREE STAGES OF THIS LEGENDARY HALL, TO BRING THE TRANSFORMATIVE POWER OF MUSIC TO THE WIDEST POSSIBLE AUDIENCE, TO PROVIDE VISIONARY EDUCATION PROGRAMS, AND TO FOSTER THE FUTURE OF MUSIC THROUGH THE CULTIVATION OF NEW WORKS, ARTISTS, AND AUDIENCES. DUE TO THE FINANCIAL SUPPORT PROVIDED BY THE CARNEGIE HALL SOCIETY, A RELATED 501(C)(3) ORGANIZATION, THIS 990 RETURN SHOULD BE READ IN CONJUNCTION WITH THE 990 RETURN OF THE SOCIETY. |
| RELATIONSHIPS |
FORM 990, PART VI, SECTION A, LINE 2 SANFORD I. WEILL AND THOMAS G. MAHERAS HAVE A BUSINESS RELATIONSHIP. |
| MEMBERS |
FORM 990, PART VI, SECTION A, LINES 6 AND 7A THE CORPORATION'S FIRST MEMBERS WERE THE INDIVIDUALS WHO FOUNDED THE CARNEGIE HALL CORPORATION, INC. AND SIGNED ITS ARTICLES OF INCORPORATION. OVER TIME, THE TRADITION CONTINUED -- MEMBERS CONTINUED TO EXIST AS A GROUP OF INDIVIDUALS DEDICATED TO SUPPORTING CARNEGIE HALL. ALL MEMBERS ARE EITHER CURRENT OR FORMER TRUSTEES. MEMBERS MAY BE APPOINTED BY THE BOARD OF TRUSTEES. THE MEMBERS ELECT TRUSTEES EACH YEAR, AND THOSE TRUSTEES MAY IN TURN APPOINT ADDITIONAL TRUSTEES TO THE BOARD. |
| BOARD REVIEW OF FORM 990 |
FORM 990, PART VI, SECTION A, LINE 11B THE FORM 990 IS PREPARED BY CARNEGIE HALL CORPORATION'S EXTERNAL ACCOUNTING FIRM WITH THE ASSISTANCE OF THE CORPORATION'S STAFF. THE STAFF AND FINANCE DEPARTMENT CAREFULLY REVIEW THE DRAFT FORMS, WHICH ARE THEN PROVIDED TO THE AUDIT COMMITTEE. THE BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR REVIEWING THE FORM 990 TO ITS AUDIT COMMITTEE. THE AUDIT COMMITTEE PROVIDES THE FULL BOARD WITH ITS REVIEW COMMENTS. A COPY OF FORM 990 IS AVAILABLE TO THE FULL BOARD OF TRUSTEES BEFORE FILING. |
| CONFLICT OF INTEREST POLICY |
FORM 990, PART VI, SECTION B, LINE 12C CARNEGIE HALL HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE POLICY REQUIRES ANNUAL DISCLOSURES, AND PROSPECTIVE TRUSTEES MUST PROVIDE A DISCLOSURE STATEMENT PRIOR TO ELECTION. UNDER CARNEGIE HALL'S FORMER POLICIES AND PROCEDURES ON CONFLICT OF INTEREST MATTERS, OVERSIGHT OF SUCH MATTERS RESTED WITH THE AUDIT COMMITTEE AND SECRETARY. UNDER A REVISED POLICY ADOPTED FEBURARY 23, 2016, OVERSIGHT OF CONFLICT OF INTEREST MATTERS RESTS WITH THE INDEPENDENT CARNEGIE HALL GOVERNANCE COMMITTEE. |
| COMPENSATION REVIEW |
FORM 990, PART VI, SECTION B, LINES 15A AND 15B COMPENSATION FOR THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES IS DETERMINED ANNUALLY BY THE CHAIRMAN OF THE BOARD AND TREASURER OF THE BOARD, WHO ARE FREE OF CONFLICTS OF INTEREST UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. COMPENSATION IS DETERMINED BASED UPON COMPARABILITY DATA, SUCH AS FORMS 990 AND OTHER SOURCES OF SALARY INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED PERFORMING ARTS ORGANIZATIONS IN SIMILAR GEOGRAPHIC LOCATIONS. THE ORGANIZATION DOCUMENTS CONTEMPORANEOUSLY AND RETAINS RECORDS OF THE COMPENSATION DETERMINATION ANALYSIS AND DECISION. |
| PUBLIC DISCLOSURE |
FORM 990, PART VI, SECTION C, LINE 19 Carnegie Hall does make its annual report which contains highlights of programs and financial information and its current year audited financial statements available on its website. The form 990 is available upon request and on websites such as guidestar.org. Carnegie Hall currently does not make its governing documents and conflict of interest publicly available. |
| NET ASSETS RECONCILIATION |
NET PERIODIC GAIN FAS 158 : (3,285,595) ROUNDING : (2) ------------------- (3,285,597) (3,285,597) |
Attach to Form 990 or 990-EZ.