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FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE OF THE ASSOCIATION MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. POLICY QUESTIONS SHALL BE RESERVED FOR THE BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. COPIES OF THE COMPLETED DRAFT FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO THE ADMINISTRATION/FINANCE COMMITTEE FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WILL BE NOTED AND ADDRESSED, WITH ANY CHANGES BEING INCORPORATED IN THE FORM 990 AS APPROPRIATE. THE UPDATED DRAFT OF THE FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO EVERY VOTING MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED ANNUALLY TO AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY POTENTIAL CONFLICTS. CONFLICTS OF INTEREST, IF ANY, ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS IN ABSENCE OF THE AFFECTED PARTIES. |
FORM 990, PART VI, SECTION B, LINE 15 | THE LEAGUE OF AMERICAN ORCHESTRAS MAINTAINS AN INDUSTRY-WIDE COMPENSATION SURVEY INCLUDES SALARY AND BENEFIT COMPENSATION FOR ALL SALARIED POSITIONS IN ALL ORCHESTRAS BY BUDGET, SIZE AND GEOGRAPHY. ORCHESTRA IOWA EXECUTIVE COMMITTEE REVIEWS THE SURVEY ANNUALLY WHEN MAKING AND APPROVING COMPENSATION DECISIONS. ALL DECISIONS AND DELIBERATIONS ARE DOCUMENTED IN EXECUTIVE COMMITTEE MEETING MINUTES. |
FORM 990, PART VI, SECTION C, LINE 19 | ALL PERTINENT FORMS AND POLICIES ARE AVAILABLE BY REQUEST. |
FORM 990, PART XI, LINE 9: | CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY FOUNDATION 339,881. |
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