2024-05-07T08:28:17-05:00 2023-06-30 390859910 BAKER TILLY US LLP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2022-07-01 131866795 THE EXPLORERS CLUB EXPL 2126288383 46 EAST 70TH STREET NEW YORK NY 10021 BARBARA DORAN TREASURER 2126288383 2024-05-06 1 BARBARA DORAN XXX-XX-XXXX 0 PATRICK YU CPA P00675982 2126976900 2024-04-30 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD GARRIOTT 46 EAST 70TH STREET NEW YORK NY 10021 10298551 0 9267 X WWW.EXPLORERS.ORG X 1904 NY THE ADVANCEMENT OF FIELD RESEARCH, SCIENTIFIC EXPLORATION AND RESOURCE CONSERVATION. 17 17 22 100 136376 0 5583594 3693994 317995 533057 720122 435404 530430 690233 7152141 5352688 703945 750479 0 0 1607483 1867206 32000 36000 563667 1754706 2347547 4098134 5001232 3054007 351456 15891634 17108895 834051 1244963 15057583 15863932 X THE EXPLORERS CLUB IS A MULTIDISCIPLINARY, PROFESSIONAL SOCIETY DEDICATED TO THE ADVANCEMENT OF FIELD RESEARCH, SCIENTIFIC EXPLORATION AND RESOURCE CONSERVATION. 0 0 3357313 750479 611971 MEMBERSHIP AND HOUSE - PROGRAMS FOR APPROXIMATELY 3,700 MEMBERS AND OTHER INTERESTED GROUPS SUCH AS STUDENTS INTERESTED IN CLUB PROGRAMS FOR EDUCATIONS AND EXPLORATION.PUBLICATIONS - PUBLICATION OF THE EXPLORERS JOURNAL ON A QUARTERLY BASIS FOR MEMBERS AND OTHERS ON A SUBSCRIPTION BASIS; PUBLICATION OF THE EXPLORERS CLUB LOG ON A QUARTERLY BASIS FOR MEMBERS; PUBLICATION OF NEWSLETTERS AND OTHER PERTINENT INFORMATION.LIBRARY - REFERENCE AND RESEARCH SERVICES FOR MEMBERS, SCHOOLS, STUDENTS, AND OTHER INTERESTED PARTIES. THE LIBRARY CONSISTS OF EXTENSIVE INFORMATION ON EXPLORATION AND OTHER SCIENTIFIC FIELDS.PUBLIC SERVICE, EDUCATION, EXPEDITIONS, AND RESEARCH - GRANTS AND EXPEDITIONS TO APPROVED STUDENTS AND OTHERS FOR RESEARCH, EXPLORATION AND RELATED ACTIVITIES. 3357313 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 22 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X VALERIE KILBRIDGE DIRECTOR OF FINA 2126288383 46 EAST 70TH STREET NEW YORK NY 10021 JAMIE ROBINSON DIRECTOR 3.00 0.00 X 0 0 0 CONSTANCE DIFEDE DIRECTOR UNTIL 4/2023 3.00 0.00 X 0 0 0 MIKKEL VESTERGAARD DIRECTOR 3.00 0.00 X 0 0 0 LEE LANGAN DIRECTOR UNTIL 4/2023 3.00 0.00 X 0 0 0 HEATHER HALSTEAD DIRECTOR AS OF 4/2023 3.00 0.00 X 0 0 0 MARC BRYAN-BROWN DIRECTOR 3.00 0.00 X 0 0 0 MARTIN KRAUS DIRECTOR 3.00 0.00 X 0 0 0 KELLY GERARDI DIRECTOR 3.00 0.00 X 0 0 0 JOE GRABOWSKI DIRECTOR 3.00 0.00 X 0 0 0 JOHN ALL DIRECTOR 3.00 0.00 X 0 0 0 JAMES HARRIS DIRECTOR 3.00 0.00 X 0 0 0 DAVID ISSERMAN DIRECTOR 3.00 0.00 X 0 0 0 BRIANNA ROWE DIRECTOR UNTIL 4/2023 3.00 0.00 X 0 0 0 DARLENE ANDERSON DIRECTOR UNTIL 4/2023 3.00 0.00 X 0 0 0 JANET WALSH DIRECTOR 3.00 0.00 X 0 0 0 MEAD TREADWELL DIRECTOR 3.00 0.00 X 0 0 0 DEVON CHIVVIS DIRECTOR 3.00 0.00 X 0 0 0 JOHNNY WATERS DIRECTOR AS OF 4/2023 3.00 0.00 X 0 0 0 KITTY PILGRIM DIRECTOR AS OF 4/2023 3.00 0.00 X 0 0 0 TIM RADKE DIRECTOR 3.00 0.00 X 0 0 0 RICK ELKUS DIRECTOR AS OF 4/2023 3.00 0.00 X 0 0 0 IDEE BELAU DIRECTOR UNTIL 4/2023 3.00 X 0 0 0 RICHARD GARRIOTT PRESIDENT 40.00 0.00 X 0 0 0 BARBARA DORAN DIRECTOR TO 4/2023 THEN TREASURER 3.00 0.00 X 0 0 0 ARNELLA TRENT SECRETARY 3.00 0.00 X 0 0 0 WILLIAM J ROSEMAN EXECUTIVE DIRECTOR 40.00 0.00 X 148153 0 35099 VALERIE KILBRIDGE DIRECTOR OF FINANCE 40.00 0.00 X 129602 0 35951 277755 0 71050 2 0 1 0 0 1187931 904670 1601393 3693994 PUBLIC LECTURES & CLUB EVENTS 900099 413057 413057 EXPLORATION SUMMIT 900099 120000 120000 533057 184740 184740 2661 2661 528759 47565 481194 481194 481194 4052933 3802269 250664 250664 250664 789301 904670 897039 -107738 -107738 277904 198990 78914 78914 CIRCULATION INCOME 900099 85941 85941 ADVERTISING 900099 45200 45200 BOOK PUBLISHING INCOME 900099 43750 43750 60311 5235 55076 235202 5352688 611971 136376 910347 150971 150971 599508 599508 350991 35098 260624 55269 1063223 639962 217603 205658 38021 24553 6003 7465 289755 168334 64868 56553 125216 62389 39470 23357 72787 72787 67738 67738 36000 36000 27233 27233 364176 354969 5784 3423 488896 243592 154107 91197 119318 59450 37611 22257 127151 63353 40080 23718 185432 123321 39020 23091 CLUB EVENTS 400742 400742 CLUB PUBLICATIONS 272862 272862 MISCELLANEOUS EXPENSES 144848 130539 8989 5320 BUILDING MAINTENANCE 55534 27670 17505 10359 20830 20830 5001232 3357313 1080252 563667 867430 573224 700928 4206020 1848862 2002245 288884 319210 81795 98606 76883 67494 6787668 2885522 3404956 3902146 8393890 5711944 228006 228006 15891634 17108895 498706 872685 335345 372278 834051 1244963 X 9343350 10039358 5714233 5824574 15057583 15863932 15891634 17108895 351456 454893 0 X 0 1 X 1 0 X 3396292 4659371 3505345 5583594 3693994 20838596 3396292 4659371 3505345 5583594 3693994 20838596 6767179 14071417 301587 400949 290296 393439 716160 2102431 10423 10423 671552 41160 58624 777553 888127 2437016 25388466 2188502 0.55420 0.59520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2018 AMOUNT: $ 17,763. 2020 AMOUNT: $ 18,460. 2021 AMOUNT: $ 10,738. 2022 AMOUNT: $ 5,882. JOURNAL - 2019 AMOUNT: $ 13,755. 2020 AMOUNT: $ 16,704. 2021 AMOUNT: $ 16,156. CONCESSIONS - 2019 AMOUNT: $ 27,405. CANCELED GRANTS - 2020 AMOUNT: $ 23,460. 2022 AMOUNT: $ 11,150. INCOME FROM FUNDRAISING EVENT - 2018 AMOUNT: $ 653,789. 2021 AMOUNT: $ 682,140. 2022 AMOUNT: $ 789,301. BAR INCOME - 2021 AMOUNT: $ 11,624. 2022 AMOUNT: $ 18,143. INSURANCE PROCEEDS AS NAMED BENEFICIARY - 2021 AMOUNT: $ 19,898. 2022 AMOUNT: $ 10,500. CREDIT CARD REDEMPTION - 2021 AMOUNT: $ 2,363. TAX REFUND - 2021 AMOUNT: $ 2,234. ADVERTISING - 2021 AMOUNT: $ 32,400. BOOK PUBLISHING INCOME - 2022 AMOUNT: $ 43,750. BANK REDEMPTION CREDIT - 2022 AMOUNT: $ 6,631. COMMISSIONS - 2022 AMOUNT: $ 2,770. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 2617942 359696 359696 2617942 2617942 2617942 2617942 1660376 1660376 2617942 2660668 2017 1478651 1523394 2617942 2559038 100500 44743 43613 2660668 0.00000 1.00000 0.00000 0 0 253847 253847 4894678 2252451 2642227 681945 633071 48874 957198 957198 3902146 X 5827913 454893 -27233 427660 5400253 -47565 -47565 5352688 5021564 47565 47565 4973999 27233 27233 5001232 PART III, LINE 4: THE EXPLORERS CLUB'S RESEARCH COLLECTIONS DATE FROM 1472, AND CONTAIN FOUNDING DOCUMENTS AND MINUTES, DECEASED MEMBER RECORDS, FLAG EXPEDITION RECORDS, EVENT PROGRAMS, PUBLICATIONS, AND FIRST-HAND ACCOUNTS AND JOURNALS FROM EXPEDITION TEAMS. APPROXIMATELY 14,000 VOLUMES (1,400 OF WHICH ARE CONSIDERED RARE BOOKS), 550 LINEAR FEET OF ARCHIVES, PHOTOGRAPHS, LANTERN SLIDES, AND MANUSCRIPTS, 1,000 ARTIFACTS, 3,500 MAPS, AND 500 FILMS AND VIDEOS MAKE UP THE BULK OF THE COLLECTIONS. THE CLUB'S ART AND ARTIFACT COLLECTION INCLUDES A WIDE RANGE OF ITEMS INCLUDING PAINTINGS, SCULPTURES, FRAMED PHOTOGRAPHS, AND OTHER ARTWORK; RETIRED EXPEDITION FLAGS, CLUB MEMORABILIA; TOOLS AND EQUIPMENT; TAXIDERMY; AND ETHNOGRAPHIC ITEMS, AND A PEARY NORTH POLE SLEDGE. THE COLLECTIONS ASSIST WITH THE MISSION TO PRESERVE THE HISTORY OF THE CLUB AND TO ASSIST THOSE INTERESTED AND ENGAGED IN EXPLORATION AND SCIENTIFIC RESEARCH. MODERN EXPLORERS ARE NOW STUDYING IN DETAIL WHAT THE PIONEERS REVEALED IN OUTLINE. THE COLLECTIONS ARE USED BY A WIDE RANGE OF RESEARCHERS INCLUDING CLUB MEMBERS, BIOGRAPHERS, GENEALOGISTS, FILMMAKERS, CURATORS, WRITERS, JOURNALISTS, INDEPENDENT ENTHUSIASTS, AND STUDENTS. THE RESEARCH COLLECTIONS DEPARTMENT RECEIVES APPROXIMATELY 400 REQUESTS PER YEAR ON AVERAGE, WHICH INCLUDE E-MAIL OR TELEPHONE INQUIRIES AND IN-PERSON RESEARCH VISITS. APPROXIMATELY 40% OF REQUESTS COME FROM CLUB MEMBERS, ADMINISTRATION AND STAFF, AND 60% FROM MEMBERS OF THE GENERAL PUBLIC. ROUGHLY 80% OF REQUESTS CONCERN THE CLUB'S ARCHIVES AND MANUSCRIPTS. PART V, LINE 4: THE EXPLORERS CLUB'S PERMANENTLY RESTRICTED NET ASSETS REPRESENT ENDOWMENTS THAT HAVE BEEN RESTRICTED BY THE BOARD TO BE MAINTAINED IN PERPETUITY. PART X, LINE 2: UNDER THE FASB ASC 740, INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE CLUB DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE CLUB HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE CLUB HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. THE CLUB IS SUBJECT TO ROUTINE AUDIT BY A TAXING AUTHORITY. AS OF JUNE 30, 2023, THE CLUB WAS NOT CURRENTLY SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -27,233. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -47,565. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 47,565. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 27,233. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING TO PROMOTE THE SCIENTIFIC EXPLORATION OF LAND, SEA, AIR AND SPACE. 125850 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 GRANTMAKING TO PROMOTE THE SCIENTIFIC EXPLORATION OF LAND, SEA, AIR AND SPACE. 133171 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTMAKING TO PROMOTE THE SCIENTIFIC EXPLORATION OF LAND, SEA, AIR AND SPACE. 187850 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTMAKING TO PROMOTE THE SCIENTIFIC EXPLORATION OF LAND, SEA, AIR AND SPACE. 73137 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING TO PROMOTE THE SCIENTIFIC EXPLORATION OF LAND, SEA, AIR AND SPACE. 40000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING TO PROMOTE THE SCIENTIFIC EXPLORATION OF LAND, SEA, AIR AND SPACE. 39500 0 0 0 0 0 0 599508 0 599508 DISCOVERY FUNDED EXPLORATION GRANT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 40000 ELECTRONIC PAYMENT DISCOVERY FUNDED EXPLORATION GRANTS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 3 93253 ELECTRONIC PAYMENT EXPLORATION FUND SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 9 39715 ELECTRONIC PAYMENT EXPLORATION FUND EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 7 34070 ELECTRONIC PAYMENT EXPLORATION FUND SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 12 59105 ELECTRONIC PAYMENT EXODUS GRANT SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 4000 ELECTRONIC PAYMENT EXODUS GRANTS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 8000 ELECTRONIC PAYMENT ROLEX GRANTS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 17695 ELECTRONIC PAYMENT RISING EXPLORERS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 4 5500 ELECTRONIC PAYMENT RISING EXPLORERS EAST ASIA AND THE PACIFIC 18 23435 ELECTRONIC PAYMENT RISING EXPLORERS CENTRAL AMERICA AND THE CARIBBEAN 5 4500 ELECTRONIC PAYMENT RISING EXPLORERS EUROPE (INCLUDING ICELAND & GREENLAND) 2 3000 ELECTRONIC PAYMENT RISING EXPLORERS SOUTH AMERICA 1 1500 ELECTRONIC PAYMENT EXPLORATION FUND CENTRAL AMERICA AND THE CARIBBEAN 5 25000 ELECTRONIC PAYMENT EXPLORATION FUND EUROPE (INCLUDING ICELAND & GREENLAND) 3 14850 ELECTRONIC PAYMENT ROLEX GRANTS SUB-SAHARAN AFRICA 1 4992 ELECTRONIC PAYMENT ROLEX GRANTS CENTRAL AMERICA AND THE CARIBBEAN 1 10000 ELECTRONIC PAYMENT ROLEX GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 3 25000 ELECTRONIC PAYMENT ROLEX GRANTS SOUTH AMERICA 3 26922 ELECTRONIC PAYMENT FJALLRAVEN GRANTS SUB-SAHARAN AFRICA 1 5000 ELECTRONIC PAYMENT FJALLRAVEN GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 1 5000 ELECTRONIC PAYMENT FJALLRAVEN GRANTS SOUTH AMERICA 1 1000 ELECTRONIC PAYMENT DISCOVERY FUNDED EXPLORATION GRANTS EAST ASIA AND THE PACIFIC 1 39971 ELECTRONIC PAYMENT DISCOVERY FUNDED EXPLORATION GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 2 78000 ELECTRONIC PAYMENT SEA GRANTS SUB-SAHARAN AFRICA 2 20000 ELECTRONIC PAYMENT SEA GRANTS EAST ASIA AND THE PACIFIC 1 10000 ELECTRONIC PAYMENT 0 0 0 0 0 0 PART I, LINE 2: A DETAILED BUDGET IS SUBMITTED WITH THE GRANT APPLICATION. A COMMITTEE OF REVIEWERS DECIDE UPON THE AMOUNT AWARDED, AND, AFTER DISBURSEMENT, THE EXPLORERS CLUB REQUIRES EACH GRANTEE TO SUBMIT A REPORT OUTLINING THE RESULTS OF THE WORK MADE POSSIBLE THROUGH THE GRANT AND HOW ALL FUNDS WERE USED. ANY UNUSED FUNDS MUST BE RETURNED. PART III ACCOUNTING METHOD: X X X X X 1 COMMUNITY COUNSELLING SERVICE CO LLC 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 DEVELOP ASSESSMENT, CAMPAIGN PLANNING, & FEASIBILITY STUDY 0 0 36000 -36000 36000 -36000 NY ANNUAL DINNER 1530459 884320 646139 579169 21939 162586 LOWELL THOMAS DINNER 107112 3950 103162 10500 37886 44959 2 56400 16400 40000 40000 1693971 904670 789301 10500 617055 21939 247545 897039 -107738 1 DISCOVERY FUNDED EXPLORATION GRANTS 2 35300 RESEARCH EXPEDITION GRANT 1 7500 RISING EXPLORERS 6 8931 EXPLORATION FUND 7 30240 STEPHENSON EXPLORERS ADVANCEMENT GRANT PROGRAM 1 10000 ROLEX GRANT 9 55000 EXODUS GRANTS 1 4000 PART I, LINE 2: THE EXPLORERS CLUB REQUIRES EACH GRANTEE TO SUBMIT A REPORT OUTLINING THE RESULTS OF THE WORK MADE POSSIBLE THROUGH THE GRANT AND HOW ALL FUNDS WERE USED. ANY UNUSED FUNDS MUST BE RETURNED. X X X 0 0 0 0 0 0 0 0 0 WILLIAM J ROSEMAN EXECUTIVE DIRECTOR 148153 0 0 0 0 0 7404 0 27695 0 183252 0 0 0 VALERIE KILBRIDGE DIRECTOR OF FINANCE 129602 0 0 0 0 0 6473 0 29478 0 165553 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. PERSONS ELIGIBLE FOR THE MEMBER CLASS SHALL BE MEN OR WOMEN WHO HAVE CONTRIBUTED IN BROAD TERMS TO THE CAUSE OF EXPLORATION. THOSE CANDIDATES WHO EVIDENCE A SUSTAINED INTEREST IN SOME FIELD OF SCIENTIFIC EXPLORATION AND THE FURTHERANCE OF SCIENTIFIC KNOWLEDGE OF THE WORLD SHOULD SET FORTH PROOF OF SUCH INTEREST AND ACTIVITIES IN THE APPLICATION FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR THE VOTING MEMBERS OF THE CLUB ELECT FIVE DIRECTORS, EACH OF WHOM SERVES A 3 YEAR TERM. BALLOTS ARE MAILED AND THE RESULTS ARE ANNOUNCED AT THE ANNUAL MEETING IN MARCH. FORM 990, PART VI, SECTION A, LINE 7B THERE ARE DECISIONS AND APPROVALS MADE AT THE BOARD LEVEL THAT ARE NOT SUBJECT TO APPROVAL BY MEMBERS. HOWEVER, BYLAW AMENDMENTS ARE VOTED ON BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE. A COPY IS THEN EMAILED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS TO PROVIDE THE BOARD OF DIRECTORS WITH AN OPPORTUNITY TO REVIEW AND MAKE INQUIRY. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS UPON APPOINTMENT AND ANNUALLY THEREAFTER AND MEMBERS OF MANAGEMENT OF THE ORGANIZATION ARE ASKED TO SIGN A CONFLICT OF INTEREST DECLARATION ANNUALLY. THE CONFLICT OF INTEREST FORMS ARE SIGNED AND KEPT ON FILE AND CAN BE ACCESSED BY THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE. IF THE EXECUTIVE DIRECTOR OR DIRECTOR OF FINANCE FINDS THAT A MEMBER OR DIRECTOR OR OFFICER VIOLATES THE CONFLICT OF INTEREST OR CODE OF CONDUCT DECLARATIONS THEY SIGNED AND COMPLETED, THEY ARE DUTY BOUND TO BRING THE MATTER TO THE EXECUTIVE COMMITTEE. IT HAS ALSO BEEN RESOLVED BY THE ETHICS AND GOVERNANCE COMMITTEE THAT THE MEMBERS OF THE ORGANIZATION ADOPT A BY-LAW REQUIRING ANNUAL AFFIRMATION BY EACH DIRECTOR, OFFICER AND KEY STAFF MEMBER THAT HE OR SHE HAS READ AND WILL ABIDE BY THE REQUIREMENTS OF THE CODE OF CONDUCT FOR OFFICERS AND DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 15A: THE EXPLORERS CLUB COMPARES COMPENSATION PAID BY SIMILAR CLUBS TO ESTABLISH THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE. THE BOARD APPROVES THE COMPENSATION AND THE DECISION FOR SETTING THE EXECUTIVE DIRECTOR'S COMPENSATION IS DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.