Groton Hill Music Inc.

“A draft of the form 990 is provided to the audit committee of the board of directors for review prior to distribution to the full board. Once the audit committee finds the document to be acceptable, the full board receives a copy to review. All board members are given an opportunity to ask questions and once those questions and any resulting revisions are addressed, the 990 is filed.”

“The organization maintains a formal, written conflict of interest policy. Each member of the board of directors and the executive director of the organization are required to certify on an annual basis that they have received and reviewed the policy and that they are in compliance with it. Internal employees track to ensure certifications are received and that no issues are reported. If issues were to exist, they would be brought to the attention of the chairman of the board and executive director for further review and resolution. Individuals with a conflict of interest are not allowed to vote on any matters that are subject to conflict. If a conflict of interest severely impeded an individual's ability to perform their organizational duties, that individual will be removed from their position.”

“Line 15a - increases to executive director compensation include a performance review process led by the chairman of the board with input from the board of directors and senior staff, a review of comparability data completed by the human resources sub-committee of the board of directors, a recommendation to the full board by that sub-committee and approval by the full board of directors. Minutes of all meetings related to executive director compensation are maintained to document the deliberation and decision. Form 990, part vi, section b, line 15b - increases to the top financial official's compensation include a performance review process and a review of comparability data completed by the human resources sub-committee of the board of directors. Minutes of all human resources committee meetings are maintained.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request. The organization's website states this and also provides the contact information to obtain these documents.”

“Change in value of charitable gift annuities -18,103.”

“The organization has an audit committee that is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed during the year.”