Practising Law Institute

“990 review process The Practising Law Institute's Form 990 was prepared by a nationally renowned accounting firm in conjunction with the Institute's financial department. A copy of the draft Form 990 was circulated to the Board of Trustees after review by senior management and the audit committee. Each Trustee was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service.”

“conflict of interest policy monitoring & enforcement Each TRUSTEE of the Practising Law Institute is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the organization. Practising Law Institute monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

“PROCESS FOR DETERMINING COMPENSATION Practising Law Institute undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of the officers and key employees of the organization is reasonable given the market in which it operates. In relevant part, the Board of trustees has established a Compensation Committee of independent persons that have no personal interests in the proposed compensation agreement. The compensation committee utilized benchmarking data, surveys, and other reports to derive the President's salary. The President has no decision-making authority with respect to HER own compensation arrangement. The Board of Trustees, based on the recommendations from the Institute's Compensation Committee, who reviews comparability data, will approve annual raises for all officers and key employees in addition to a range of salary increases for all other employees. Employees are eligible for merit increases based on performance evaluations, which are summarized and submitted to the Institute's President and then reviewed by the Institute's Compensation Committee.”

“Availability of documents to the public the institute makes its form 990 available to the public by retaining a copy at its place of business. The institute's financial statements are available on its website. The governing documents and conflict of interest policy are not ordinarily made available to the public, however, if requested, they will be provided at the institute's discretion.”

“Volunteer VOLUNTEER INSTRUCTIONAL SERVICES ARE PROVIDED BY ATTORNEYS AND OTHERS IN THE LEGAL PROFESSION. THE VALUE OF THE VOLUNTEER SERVICES HAS NOT BEEN REFLECTED IN THE FINANCIAL STATEMENTS AS THE NATURE OF THESE SERVICES DOES NOT MEET THE CRITERIA FOR RECOGNITION OF CONTRIBUTED SERVICES UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA. Form 990, Part III, Line I organization's mission (continued) THE INSTITUTE IS CHARTERED BY THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK, AND WAS FOUNDED IN 1933 BY HAROLD P. SELIGSON. THE INSTITUTE PROVIDES THE HIGHEST QUALITY, ACCREDITED, CONTINUING LEGAL AND PROFESSIONAL EDUCATION PROGRAMS IN A VARIETY OF FORMATS WHICH ARE DELIVERED BY APPROXIMATELY 4,300 VOLUNTEER FACULTY INCLUDING PROMINENT LAWYERS, JUDGES, INVESTMENT BANKERS, ACCOUNTANTS, CORPORATE COUNSEL, AND U.S. AND INTERNATIONAL GOVERNMENT REGULATORS. THE INSTITUTE PUBLISHES A COMPREHENSIVE LIBRARY OF TREATISES, COURSE HANDBOOKS AND ANSWER BOOKS THAT ARE ALSO AVAILABLE THROUGH THE PLI PLUS ONLINE PLATFORM. A SIGNIFICANT PART OF THE INSTITUTE'S MISSION IS A COMMITMENT TO THE PRO BONO COMMUNITY.”

“other changes in net assets Pension Related Adjustment Other Than Net Periodic Pension Expense ($515,544)”