Arts Boston Inc.

“Explanation: the 990 is distributed via email to the governing body. If after two weeks no inquiries or questions are made, the 990 is considered approved and filed. The audit/finance committee review and approve the 990 prior to it being made available to the entire governing body.”

“Explanation: board members are required to sign off on a conflict of interest form annually.”

“Explanation: the executive committee researched the most recent and publicly available data that could be found from 990's of comparable organizations for executive director's salary. The committee used this information along with performance measurement to discuss and determine appropriate compensation for the executive director.”

“Explanation: form 990 is made available to the public via the attorney general's website and guidestar.org as well as upon request. The organization's governing documents, conflict of interest policy and audited financial statements are also available upon request”

“Founded in 1975, artsboston is greater boston's largest nonprofit arts service organization. Our 146 member organizations include dance and theater companies, musical ensembles, arts presenters, museums, and other cultural entities, ranging from large, well-known institutions to smaller, community-based groups; 60% of our members have annual budgets under $500,000. Artsboston leads dialogues and action to create a more inclusive, equitable, and diverse arts sector; develops new audiences and increases equity in arts participation; uses the power of arts and culture to help make greater boston a vibrant and welcoming place to live, work, and visit; and advances collaboration and advocacy to increase investment in arts and culture.”

“Artsboston creates powerful relationships between arts organizations, the public, and every sector of our civic life to build an arts sector that represents the true character and diversity of our city. With our partners, we are expanding audiences, strengthening our community, and advocating for the immense value that the arts, culture, and creativity bring to greater boston.”

“Explanation: the finance committee acts as our audit committee. Along with approval from the board of directors the finance committee select who our auditor is and sign the engagement letter along with the executive director. Management works with the auditors for scheduling and list of schedules to prepare. The audit committee is available for questions and on an as needed basis for this process. Management reviews the draft financial statements with the auditors. Management then sends draft financial statements to the audit committee before meeting with the auditors. They all meet for discussion and then the audit committee and auditors meet separately from management for questions and answers, and discussions before the audit committee approves the audit. The audit committee informs the board of its approval. The auditors then present the audit/finance committee approved financial statements to the board for approval and the auditors meet separately from management for questions and answers.”