FORM 990, PART VI, SECTION B, LINE 11B |
A DRAFT IS PROVIDED TO ALL TRUSTEES FOR REVIEW PRIOR TO THE FILING OF THE FORM 990. |
FORM 990, PART VI, SECTION B, LINE 12C |
ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO FILL OUT A CONFLICT OF INTEREST AND CONFIDENTIALITY AGREEMENT FORM AT LEAST ANNUALLY. THESE FORMS ARE REVIEWED BY THE EXECUTIVE DIRECTOR WITH ANY CONCERNS FORWARDED TO THE EXECUTIVE COMMITTEE. BOARD MEMBERS ARE REMINDED TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST BEFORE PARTICIPATING OR MAKING DECISIONS ON ANY GRANT AWARDS. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION PROCESS FOR THE EXECUTIVE DIRECTOR INVOLVES ANNUALLY COLLECTING COMPARABLE SALARY DATA FOR THE EXECUTIVE COMMITTEE TO USE IN SETTING THE SALARY. THE EXECUTIVE COMMITTEE IS CHARGED WITH THE ANNUAL PERFORMANCE REVIEW AS WELL AS SALARY REVIEW AND SETTINGS. ALL SALARY DECISIONS ARE KEPT ON FILE. |
FORM 990, PART VI, SECTION C, LINE 19 |
GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. A FINANCIAL SUMMARY IS INCLUDED IN THE ANNUAL REPORT WHICH IS AVAILABLE ON THE COUNCIL'S WEBSITE AND IN PRINT. SOME ANNUAL REPORTS ARE MAILED TO CONTRIBUTORS. FORMS 990'S ARE ALSO AVAILABLE ONLINE IN ANOTHER ORGANIZATIONS WEBSITE. |
FORM 990, PART VI, SECTION B ITEM 15B |
THE FINANCE DIRECTOR REVIEWS ANNUALLY ALL STAFFING JOB TITLES, JOB DESCRIPTIONS AND COMPENSATION LEVELS USING COMPARABLE SALARY DATA FROM SEVERAL SOURCES, INCLUDING STATE EMPLOYEES AND OTHER NON-PROFIT DATA SETS. THIS DATA IS SHARED WITH EXECUTIVE DIRECTOR FOR USE IN REVIEW AND SALARY ADJUSTMENTS FOR KEY PERSONNEL AS WELL AS ALL STAFFING. |
FORM 990, PART VII, LINES 21-22, |
SALARIES INCLUDE TAXABLE STIPENDS FOR HEALTH INSURANCE. |
FORM 990, PART X, LINE 32 |
BOARD DESIGNATED NET ASSETS IN 2018, THE BOARD OF TRUSTEES ESTABLISHED A STRATEGIC PROGRAM RESERVE FUND TO ENABLE THE COUNCIL TO RESPOND TO URGENT OR UNANTICIPATED NEEDS AND OPPORTUNITIES. IN 2020, FOR THE FIRST TIME, THE BOARD APPROVED AN EXPENDITURE FROM THIS FUND, TO MEET THE EMERGENCY NEEDS OF CULTURAL ORGANIZATIONS AND ARTISTS DURING THE COVID-19 PUBLIC HEALTH CRISIS. THE BOARD DESIGNATED PROGRAM RESERVE FUND BALANCE IS $186,702 ON JUNE 30, 2021. THE BOARD DESIGNATED EMERGENCY OPERATING FUND IS $310,000 ON JUNE 30, 2021. IN FISCAL YEAR 2021 THE COUNCIL RECEIVED TIME RESTRICTED GRANTS OF $225,996 TO BE SPENT IN FY22. PER U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES THESE GRANTS WERE RECORDED AS FISCAL YEAR 2021 REVENUE AND INCREASED THE YEAR END NET SURPLUS BY AN ADDITIONAL $225,996. |