Washington Art Association Incorporated

“The external accountants prepare form 990. Form 990 is then reviewed by the chair of the executive committee who cross references all figures back to the organization's books and records. The form 990 is then distributed to the executive committee of the board of trustees for review, comment and/or correction.. Any edits or adjustments are then shared with the outside accounting firm. This process is repeated until the organization is satisfied that the form 990 is complete. The form 990 is then provided to the full board of directors for review and approval prior to filing.”

“The organization exercises reasonable efforts to require the annual disclosure of any interests that could give rise to conflicts by the distribution of a questionnaire by our external audit firm to the board of directors, officers, and key employees. The questionnaire calls for all of the information outlined in the form 990 instructions. Responses are submitted directly to the external audit firm, and any conflicts are disclosed to the executive committee of the board of directors.”

“Compensation, for the executive director and the executive directors' direct reports, is reviewed by the executive committee of the board of directors. The committee compares data available from other non profits to determine fair compensation amounts.”

“Documents are available upon request”

“Exhibition expenses: program service expenses 23,361. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,361. Consultant: program service expenses 0. Management and general expenses 19,038. Fundraising expenses 0. Total expenses 19,038. Educational instruction expenses: program service expenses 16,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,000. Bookkeeping expense: program service expenses 0. Management and general expenses 10,620. Fundraising expenses 0. Total expenses 10,620. Bank charges / credit card charges: program service expenses 6,239. Management and general expenses 4,160. Fundraising expenses 0. Total expenses 10,399. Real estate taxes: program service expenses 3,645. Management and general expenses 2,430. Fundraising expenses 0. Total expenses 6,075. Dues and subscriptions: program service expenses 1,806. Management and general expenses 1,806. Fundraising expenses 0. Total expenses 3,612. Gallery sitter: program service expenses 0. Management and general expenses 2,455. Fundraising expenses 0. Total expenses 2,455. Printing & postage: program service expenses 342. Management and general expenses 1,366. Fundraising expenses 0. Total expenses 1,708. Payroll service fees: program service expenses 0. Management and general expenses 1,338. Fundraising expenses 0. Total expenses 1,338. Miscellaneous: program service expenses 590. Management and general expenses 589. Fundraising expenses 0. Total expenses 1,179.”