Young Audiences-New York Inc.

“Yany's director of institutional advancement, treasurer of the board, secretary of the board, and executive director will review prior to filing. Form 990 will be available for review by all members of the board of directors via e-mail notice. The filed 990 may be available for review by the public on guidestar and other non-yany websites.”

“Board members, officers, and key employees are required to complete a potential conflicts of interest disclosure statement prior to being hired or seated on the board of directors, and annually thereafter. The disclosure statement includes financial information return disclosure and independent director assessment disclosure. It shall be the duty of the secretary to see to it that all newly-received and annually-submitted director interest disclosure statements and any case-specific related party transaction reports, together with the minutes of any related meetings, are promptly provided to the chair of the audit and finance committee. If at any time during his or her term of service, a director, officer or key employee acquires an interest, or circumstances otherwise arise, which could give rise to a real or potential related party transaction, or any other conflicted matter, he or she shall properly disclose, in good-faith, to the board of directors, or an authorized committee thereof, as appropriate, the material facts concerning such interest. The audit and finance committee shall be duly appointed and convened by the board to review any real or potential related party transaction, or matter which might be considered to constitute a conflict of interest for a particular "related party." in any instance where a related party transaction, or other conflicted matter, is being reviewed, and is so material that it would customarily warrant formal approval by the board of directors, the audit and finance committee shall thoroughly review the transaction or matter and submit to the board a recommendation as to whether or not it should be approved, or the board, itself, shall thoroughly review the transaction and render a binding determination as to whether it should be approved.”

“The executive committee approves the compensation for the executive director. The executive director and board officers review salaries of key employees and officers prior to new hires or adjustments to existing salaries. The full board approves all salaries in conjunction with the approval of the annual budget.”

“Available by mail and e-mail distribution upon request.”

“Professional and consulting fees: program service expenses 118,969. Management and general expenses 104,845. Fundraising expenses 79,849. Total expenses 303,663.”

“The process of overseeing the audit and selection of independent accountant has not been changed from prior year.”