Usta Player Development Incorporated

“The united states tennis association is the sole member of the usta player development ("player development") and elects the directors of player development. Pursuant to player development's bylaws, the sole member has the right to remove directors with or without cause, to fill vacancies in the board of directors, and to amend the certificate of incorporation and the bylaws of player development. In addition, the sole member has the right to approve or ratify certain decisions of the board of directors of player development (such as the decision to merge or dissolve) pursuant to the state of new york not-for-profit corporation law.”

“The united states tennis association is the sole member of the usta player development ("player development") and elects the directors of player development. Pursuant to player development's bylaws, the sole member has the right to remove directors with or without cause, to fill vacancies in the board of directors, and to amend the certificate of incorporation and the bylaws of player development. In addition, the sole member has the right to approve or ratify certain decisions of the board of directors of player development (such as the decision to merge or dissolve) pursuant to the state of new york not-for-profit corporation law.”

“The united states tennis association is the sole member of the usta player development ("player development") and elects the directors of player development. Pursuant to player development's bylaws, the sole member has the right to remove directors with or without cause, to fill vacancies in the board of directors, and to amend the certificate of incorporation and the bylaws of player development. In addition, the sole member has the right to approve or ratify certain decisions of the board of directors of player development (such as the decision to merge or dissolve) pursuant to the state of new york not-for-profit corporation law.”

“The form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. Draft form 990 was reviewed by the organization's internal counsel and the audit committee. Form 990 was then provided to all members of the board of directors in advance of filing with the irs.”

“Usta player development incorporated ("player development") has a conflict of interest and disclosure policy that applies to all employees and a separate conflict of interest policy for board members; each of the policies are substantially the same. The conflict of interest and disclosure policy requires an employee and board member to report all interests or relationships that could present a potential conflict of interest. Player development obtains annual certifications from employees and board members. The united states tennis association incorporated ("usta") is the sole member of player development ("sole member") and it's chief ethics officer reviews the completed disclosure statements for employees and the sole member's audit committee reviews the completed disclosure statements for board members. The chief ethics officer of the sole member and the chair of the audit committee of the sole member have the discretion to share the disclosure statements with the entire board of directors and/or vice presidents. The chief ethics officer and the audit committee of the sole member determine whether a conflict exists and so mark their decision on the disclosure statement, also indicating the required corrective action should they determine that a conflict exists (which may include, but is not limited to, prohibition in participating, deliberating, and deciding issues and/or in transactions).”

“The compensation committee has responsibility for establishing a compensation strategy and setting the compensation of the key employees of player development. The compensation committee meets a minimum of four times per year and contemporaneously maintains minutes of its meetings. Compensation and incentive plan levels are set by the committee following review of appropriate comparability data. Appropriate comparability data includes, but is not limited to, (i) information regarding compensation paid by similar organizations for similar services, (ii) the availability of similar services in the organization's geographic area, and (iii) compensation surveys compiled by independent firms. The review described above is conducted in the fourth quarter of each year with respect to all noted individuals above as it relates to their compensation. Usta is the common paymaster for the player development.”

“Upon request the public is provided copies of the association's tax return, form 990. In addition, the bylaws and the conflict of interest policy are also available upon request from the association's legal department.”

“CONSULTING - Total Expense: 477471, Program Service Expense: 393971, Management and General Expenses: 83500, Fundraising Expenses: 0; RECRUITING/RELOCATION FEES - Total Expense: 241592, Program Service Expense: 13973, Management and General Expenses: 227619, Fundraising Expenses: 0; OTHER PROFESSIONAL FEES - Total Expense: 755845, Program Service Expense: 755845, Management and General Expenses: 0, Fundraising Expenses: 0;”