| FORM 990, PART VI, SECTION A, LINE 1A |
THE EXECUTIVE COMMITTEE IS COMPRISED SOLELY OF NO LESS THAN FOUR DIRECTORS AND WHOSE NUMBER SHALL BE FIXED FROM TIME TO TIME BY THE BOARD. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE ELECTED TO A ONE-YEAR TERM BY VOTE OF THE MAJORITY OF THE ENTIRE BOARD AT THE ANNUAL MEETING OF THE BOARD (OR AT SUCH OTHER MEETING AS MAY BE SELECTED BY THE BOARD) ACTING UPON THE RECOMMENDATIONS OF THE NOMINATING COMMITTEE, PROVIDED, HOWEVER, THAT THE CHAIR (WHO SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE), VICE CHAIR AND SECRETARY/TREASURER SHALL SERVE EX OFFICIO AS VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. THE CEO SHALL SERVE EX OFFICIO AS A NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE. ADDITIONAL MEMBERS OF THE EXECUTIVE COMMITTEE MAY BE RECOMMENDED BY THE NOMINATING COMMITTEE FROM TIME TO TIME. DURING THOSE PERIODS WHEN THE BOARD IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO ACT WITH THE FULL AUTHORITY OF THE BOARD AND SHALL EXERCISE GENERAL SUPERVISION OF THE AFFAIRS OF THE FOUNDATION, AND IN ALL EVENTS SHALL BE AUTHORIZED TO ADDRESS MATTERS OF A SENSITIVE, CONFIDENTIAL NATURE. |
| FORM 990, PART VI, SECTION A, LINE 2 |
CHRISTINE ALBERT, PJ MORTON, AND TAMMY HURT HAVE A BUSINESS RELATIONSHIP WITH HARVEY MASON. |
| FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 IS PREPARED BY DELOITTE TAX, LLP, WORKING IN CONJUCTION WITH MUSICARES FOUNDATION INC.'S FINANCE DEPARTMENT. THE DRAFT OF THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. THE INITIAL DRAFT OF THE FORM 990 IS THEN PROVIDED TO MUSICARES FOUNDATION INC.'S FINANCE COMMITTEE FOR ITS REVIEW. ANY COMMENTS RESULTING FROM ITS REVIEW ARE INCORPORATED INTO THE FINAL FILING OF THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE PRESENTED TO BOARD MEMBERS ON AN ANNUAL BASIS. THE RESPONSES ARE MAINTAINED BY THE MANAGING DIRECTOR, CONTRACT ADMINISTRATION & CORPORATE SECRETARY OF THE RECORDING ACADEMY. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY BOTH THE EXECUTIVE DIRECTOR AND THE CHAIR OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 |
ON AN ANNUAL BASIS, THE CHIEF PEOPLE & CULTURE OFFICER AND MANAGER OF COMPENSATION, COMPLIANCE, & HRIS COMPARE THE COMPENSATION PAID TO EXECUTIVES IN SIMILAR TAX-EXEMPT ORGANIZATIONS OF SIMILAR ACTIVITIES AND SIZE. THE PROCESS FOR MUSICARES SENIOR LEADERS IS MANAGED BY THE CHIEF PEOPLE & CULTURE OFFICER, THE EXECUTIVE DIRECTOR, AND CEO. THE EXECUTIVE DIRECTOR'S COMPENSATION IS OVERSEEN BY THE CHIEF PEOPLE & CULTURE OFFICER AND THE CEO OF THE MUSICARES FOUNDATION, IN CONSULTATION WITH THE CHAIR OF THE BOARD. THE CEO OF MUSICARES FOUNDATION IS ALSO THE CEO OF THE NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC. ("THE RECORDING ACADEMY"), AN AFFILIATED BUT UNRELATED TAX EXEMPT ORGANIZATION FOR TAX PURPOSES. THE CEO IS PAID ENTIRELY BY THE RECORDING ACADEMY AND IS SUBJECT TO THE COMPENSATION POLICIES SET FORTH FOR THAT TAX EXEMPT ORGANIZATION. THE CHIEF PEOPLE & CULTURE OFFICER IS ALSO AN EMPLOYEE OF AND PAID ENTIRELY BY THE RECORDING ACADEMY AND IS SUBJECT TO THE COMPENSATION POLICIES SET FORTH FOR THAT TAX EXEMPT ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE ON MUSICARES' WEBSITE AND OTHER WEBSITES LIKE GUIDESTAR.ORG. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 3115 TANGIBLE PROPERTY REGULATION STATEMENT |
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR. SECTION 1.263(A)-3(N) CAPITALIZATION ELECTION TAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS. |
Attach to Form 990 or 990-EZ.