Esalen Institute

“Gordon wheeler and nancy wheeler have a family relationship.”

“The organization has members as set forth in the bylaws.”

“The organization has members as set forth in the bylaws. The members of the organization determine the number of trustees that serve on the board of trustees, within the limits set forth in the bylaws, and elect the trustees. At least three, but no more than five of the trustees must be members.”

“The bylaws may be amended only upon consent of the members. Further, the members have certain rights of inspection of corporate records, as provided by california law.”

“The ceo and cfo review the return in detail and approve. A draft form 990 is sent to the board of trustees audit committee. The audit committee members review and resolve any questions with the ceo and cfo to their satisfaction. Subsequently, the board of trustees receives a copy of the final form 990 prior to filing.”

“The board expects esalen's trustees, as well as senior management and employees, to act ethically at all times. In accordance with with conflict of interest policy in the bylaws, if an actual or potential conflict of interest arises for a trustee, the trustee shall promptly inform the executive director and the chairman of the governance committee. If a significant conflict exists and cannot be resolved, the trustee should resign. All trustees will excuse themselves from any discussion or decision affecting their personal, business or professional interests. The board shall resolve any conflict of interest question involving the president, or a member of senior management of esalen. The president shall resolve any conflict of interest issue involving any other employee of esalen.”

“Executive director and human resources manager meet to review salary surveys for comparable positions within both the for profit and not for profit sectors in central coast california. These levels of compensation are also looked at in light of how other employees within the organization are paid. Compensation for the president is reviewed and approved by the chairman of the board of trustees.”

“Esalen filed its form 1023 before july 15, 1987, and did not have a copy of the form on july 1987. The organization is exempt from the irs requirement of supplying or showing its form 1023 to anyone requesting this document. The organization's form 990 is available for public inspection upon request.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Other professional fees: program service expenses 147,923. Management and general expenses 4,413. Fundraising expenses 149,196. Total expenses 301,532. Faculty payments: program service expenses 1,152,705. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,152,705. Consulting fees & contractors: program service expenses 119,969. Management and general expenses 494,113. Fundraising expenses 99,726. Total expenses 713,808. Payroll processing fees: program service expenses 0. Management and general expenses 71,973. Fundraising expenses 0. Total expenses 71,973.”

“Interest rate swap fair value adjustment 320,362.”

“The organization did not change its oversight process or selection process during the tax year.”