TY 2016 Form 990 Schedule O

efile Public Visual Render ObjectId: 201831349349302553 - Submission: 2018-05-14 TIN: 13-2655731

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2016

Open to Public
Inspection

Return Reference	Explanation
PART VI, SECTION A, LINE 2	Board of Trustees Member, Joan Ganz Cooney, and Board of Trustees Member, Michael Manasse, have a business relationship. PART VI, SECTION B, LINE 11A Sesame Workshop's Form 990 is prepared by the organization's internal accounting department in conjunction with a nationally recognized accounting firm. Upon completion, the Form 990 is distributed to senior management and to the Audit Committee of the Board of Directors. The 990 is presented to the Audit Committee and subjected to a detailed review before it is approved for filing. A copy of the Final Form 990 is distributed to the entire Board of Trustees for review and comment prior to submission with the Internal Revenue Service.
PART VI, SECTION B, LINE 12C	All Board members, officers, Vice Presidents and above are required to review the Conflict of Interest policy annually, and disclose any real or potential conflict of interest in response to a Conflict of Interest Questionnaire. The completed questionnaires are reviewed by the General counsel and secretary to the Board and are presented to the audit committee. In the event of a real or potential conflict, the Audit Committee of the Board and the General Counsel/Secretary shall enforce the Conflict of Interest Policy's requirement of recusal from participating in any deliberations and decisions relevant to the disclosures.
PART VI, SECTION B, LINE 15A AND 15B	EACH YEAR, THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD - COMPRISED OF INDEPENDENT TRUSTEES - REVIEWS THE ORGANIZATION'S COMPENSATION PHILOSOPHY AND WORKS WITH AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTING FIRM TO COLLECT COMPARABLE MARKET DATA TO SET APPROPRIATE SALARY RANGES FOR EACH OF THE POSITIONS HELD BY THE OFFICERS AND KEY EMPLOYEES. IN SO DOING, THE COMMITTEE TAKES INTO CONSIDERATION THE COMPETITIVE LABOR MARKETPLACE FOR SUCH POSITIONS AND THE COMPARABILITY DATA IN THE NOT-FOR-PROFIT AND, in some instances THE FOR-PROFIT SECTORS, AS APPLICABLE. WITH RESPECT TO THE CEO POSITION, THE COMMITTEE TAKES INTO CONSIDERATION ONLY THE COMPARABILITY DATA IN THE NOT-FOR-PROFIT SECTOR. AT THE COMMITTEE MEETING, THE ANNUAL JOB PERFORMANCE REVIEWS FOR EACH OFFICER AND KEY EMPLOYEE ARE DISCUSSED AND ANY CHANGES IN THE BASE COMPENSATION AND/OR ANY INCENTIVE AWARDS AS DETERMINED THROUGH SESAME WORKSHOP'S TARGETED INCENTIVE PROGRAM ARE REVIEWED AND APPROVED. The CEOS ACTUAL JOB PERFORMANCE IS REVIEWED BY THE PERSONNEL AND COMPENSATION COMMITTEE AND EVALUATED BY THE FULL BOARD OF TRUSTEES. THE REVIEW INCLUDES A SURVEY THAT GATHERS INPUT FROM ALL TRUSTEES. ANY RECOMMENDED INCENTIVE COMPENSATION AWARD OR SALARY CHANGE IS DETERMINED IN CONSULATION WITH THE INDEPENDENT COMPENSATION CONSULTANT. THE RECOMMENDATION IS PRESENTED TO THE FULL BOARD OF TRUSTEES FOR APPROVAL. THE DELIBERATIONS AND DECISIONS OF THE PERSONNEL & COMPENSATION COMMITTEE, AS WELL AS THE FULL BOARD OF TRUSTEES WITH RESPECT TO THE CEOS PERFORMANCE AND COMPENSATION, ARE CONTEMPORANEOUSLY DOCUMENTED AND THE PERSONNEL & COMPENSATION COMMITTEE REPORTS ON ITS ACTIONS TO THE FULL BOARD OF TRUSTEES.
PART VI, SECTION C, LINE 19	Sesame Workshop's form 990 is available on its website (http://www.sesameworkshop.org) as is Sesame Workshop's audited financial statements. the form 990 is available at guidestar.com and charitynavigator.org. Sesame Workshop's governing documents and conflict of interest policy are available upon written request.

Return Reference

Explanation

PART VI, SECTION A, LINE 2

Board of Trustees Member, Joan Ganz Cooney, and Board of Trustees Member, Michael Manasse, have a business relationship. PART VI, SECTION B, LINE 11A Sesame Workshop's Form 990 is prepared by the organization's internal accounting department in conjunction with a nationally recognized accounting firm. Upon completion, the Form 990 is distributed to senior management and to the Audit Committee of the Board of Directors. The 990 is presented to the Audit Committee and subjected to a detailed review before it is approved for filing. A copy of the Final Form 990 is distributed to the entire Board of Trustees for review and comment prior to submission with the Internal Revenue Service.

PART VI, SECTION B, LINE 12C

All Board members, officers, Vice Presidents and above are required to review the Conflict of Interest policy annually, and disclose any real or potential conflict of interest in response to a Conflict of Interest Questionnaire. The completed questionnaires are reviewed by the General counsel and secretary to the Board and are presented to the audit committee. In the event of a real or potential conflict, the Audit Committee of the Board and the General Counsel/Secretary shall enforce the Conflict of Interest Policy's requirement of recusal from participating in any deliberations and decisions relevant to the disclosures.

PART VI, SECTION B, LINE 15A AND 15B

EACH YEAR, THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD - COMPRISED OF INDEPENDENT TRUSTEES - REVIEWS THE ORGANIZATION'S COMPENSATION PHILOSOPHY AND WORKS WITH AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTING FIRM TO COLLECT COMPARABLE MARKET DATA TO SET APPROPRIATE SALARY RANGES FOR EACH OF THE POSITIONS HELD BY THE OFFICERS AND KEY EMPLOYEES. IN SO DOING, THE COMMITTEE TAKES INTO CONSIDERATION THE COMPETITIVE LABOR MARKETPLACE FOR SUCH POSITIONS AND THE COMPARABILITY DATA IN THE NOT-FOR-PROFIT AND, in some instances THE FOR-PROFIT SECTORS, AS APPLICABLE. WITH RESPECT TO THE CEO POSITION, THE COMMITTEE TAKES INTO CONSIDERATION ONLY THE COMPARABILITY DATA IN THE NOT-FOR-PROFIT SECTOR. AT THE COMMITTEE MEETING, THE ANNUAL JOB PERFORMANCE REVIEWS FOR EACH OFFICER AND KEY EMPLOYEE ARE DISCUSSED AND ANY CHANGES IN THE BASE COMPENSATION AND/OR ANY INCENTIVE AWARDS AS DETERMINED THROUGH SESAME WORKSHOP'S TARGETED INCENTIVE PROGRAM ARE REVIEWED AND APPROVED. The CEOS ACTUAL JOB PERFORMANCE IS REVIEWED BY THE PERSONNEL AND COMPENSATION COMMITTEE AND EVALUATED BY THE FULL BOARD OF TRUSTEES. THE REVIEW INCLUDES A SURVEY THAT GATHERS INPUT FROM ALL TRUSTEES. ANY RECOMMENDED INCENTIVE COMPENSATION AWARD OR SALARY CHANGE IS DETERMINED IN CONSULATION WITH THE INDEPENDENT COMPENSATION CONSULTANT. THE RECOMMENDATION IS PRESENTED TO THE FULL BOARD OF TRUSTEES FOR APPROVAL. THE DELIBERATIONS AND DECISIONS OF THE PERSONNEL & COMPENSATION COMMITTEE, AS WELL AS THE FULL BOARD OF TRUSTEES WITH RESPECT TO THE CEOS PERFORMANCE AND COMPENSATION, ARE CONTEMPORANEOUSLY DOCUMENTED AND THE PERSONNEL & COMPENSATION COMMITTEE REPORTS ON ITS ACTIONS TO THE FULL BOARD OF TRUSTEES.

PART VI, SECTION C, LINE 19

Sesame Workshop's form 990 is available on its website (http://www.sesameworkshop.org) as is Sesame Workshop's audited financial statements. the form 990 is available at guidestar.com and charitynavigator.org. Sesame Workshop's governing documents and conflict of interest policy are available upon written request.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2016

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