| FORM 990 - ORGANIZATION'S MISSION |
STOREFRONT FOR ART AND ARCHITECTURE, INC. IS COMMITTED TO THE ADVANCEMENT OF INNOVATIVE AND CRITICAL POSITIONS AT THE INTERSECTION OF ARCHITECTURE, ART, AND DESIGN. STOREFRONT'S EXPERIMENTAL EXHIBITIONS, EVENTS, COMPETITIONS, PUBLICATIONS, PROJECTS, AND PLATFORMS PROVIDE ALTERNATIVES FOR DIALOGUE AND COLLABORATION ACROSS DISCIPLINARY, GEOGRAPHIC, AND IDEOLOGICAL BOUNDARIES. SINCE ITS FOUNDING STOREFRONT HAS PRESENTED THE WORK OF OVER ONE THOUSAND ARCHITECTS AND ARTISTS. |
| FORM 990, PART VI |
THE FORM 990 WAS DISTRIBUTED TO THE FINANCE COMMITTEE FOR REVIEW. THE BOARD PRESIDENT ACTIVELY MONITORS COMPLIANCE WITH POLICIES. THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PAGE 6, PART VI, LINE 11B |
THE FORM 990 INFORMATION IS COMPILED BY STOREFRONT'S MANAGEMENT AND IS PROVIDED TO THE EXTERNAL ACCOUNTANT FOR REVIEW AND INPUT INTO THE FORM 990. THE AUDITED FINANCIAL STATEMENTS AND THE FORM 990 ARE PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C |
ON AN ANNUAL BASIS ALL BOARD MEMBERS SIGN A CONFLICT OF INTERESTS STATEMENT. THE PRESIDENT OF THE BOARD ENSURES THAT ALL SIGNED FORMS ARE RECEIVED FROM THE BOARD AND MADE AVAILABLE TO THE AUDITORS DURING THE AUDIT PROCESS. EXPLANATION OF CHANGE IN NET ASSETS IN 2013, STOREFRONT WAS APPOINTED BY THE U.S. DEPARTMENT OF STATE TO REPRESENT THE UNITED STATES OF AMERICA AT THE 14TH INTERNATIONAL ARCHITECTURE BIENNALE IN VENICE WITH THE PROJECT OFFICEUS. THE BIENNALE TOOK PLACE FROM JUNE TO NOVEMBER OF 2014. STOREFRONT RECEIVED FUNDING FROM PUBLIC AND VARIOUS PRIVATE SOURCES ALLOCATED AS INCOME FOR THE OFFICEUS PROJECT. THIS INCREASED STOREFONT'S REVENUE AND EXPENSES FOR FISCAL YEAR 2014. HOWEVER, MANY EXPENDITURES FOR THE PROJECT WERE NOT MADE UNTIL FISCAL YEAR 2015, AND THUS AS OF MAY 31, 2014, STOREFRONT HAD TEMPORARILY RESTRICTED NET ASSETS OF 339,000 FOR THIS PROJECT. EXPENDITURES WERE MADE TOWARD THE PROJECT IN FISCAL YEAR 2015, THUS RESULTING IN A NET DEFICIT IN STOREFRONT'S OVERALL BUDGET FOR FISCAL 2015 THAT IS ROUGHLY EQUIVALENT TO THE RESTRICTED VENICE PROJECT FUNDS. ALL EXPENDITURES ASSOCIATED WITH VENICE HAVE BEEN MADE, AND AS OF MAY 31, 2015, ALL OF THESE TEMPORARILY RESTRICTED NET ASSETS WERE RELEASED FROM RESTRICTION. |
| FORM 990, PAGE 6, PART VI, LINE 15A |
THE COMPENSATION FOR ALL EMPLOYEES ARE APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. COMPENSATION OF OFFICERS ARE CAREFULLY REVIEWED BY THE FINANCE COMMITTEE AND THE CHAIR OF THE BOARD AND THE RATIONALE (IF NEEDED) IS DOCUMENTED IN THE BOARD MINUTES. |
| FORM 990, PAGE 6, PART VI, LINE 19 |
THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
Attach to Form 990 or 990-EZ.