The Elizabeth Foundation for the Arts

“Jane stephenson laura buckles board member board member family”

“The 990 is reviewed in detail and then approved by the executive director and a copy is then presented to the board of directors.”

“Under the organization's conflict of interest policy, all board members have the duty to disclose any transactions involving any actual or possible conflict of interest. Annually, all board members are required to complete a conflict of interest disclosure form to identify any possible personal, family or business relationships that could potentially give rise to an actual or possible conflict of interest. In accordance with the conflict of interest policy, after disclosure of any significant personal interest and all material facts, and after any discussion with the interest person, the interested person may be excused from the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. If an interest person has declared or is found to have a significant personal interest that rises to the level of a conflict of interest, then with respect to the transaction at issue: 1. An interest person may make a presentation at the board or committee meeting, but after the presentation, the interest person must be excused from the meeting during the discussion of, and the vote on, the transaction or arrangement involving the conflict of interest. 2. The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. 3. After exercising due diligence, the board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. 4. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producint a conflict of interest, the committee shall determine by a majority vote of the disinterest directors whether the transaction or arrangement is in the best interest of the organization, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into a transaction or arrangement.”

“The board approves the executive director's salary after a review of performance.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Efa is dedicated to providing artists accross all disciplines with space, tools and a cooperative forum for the development of individual practice. Efa is a catalyst for cultural growth, stimulating new interactions between artists, creative communites and the public.”

“Studio center: provides artists with affordable professional art studios in new york and professioinal career development through visiting professionals, seminars, lectures, and public intereration through open studios. Robert blackburn paintmaking workshop: provides artists with affordable professioinal paintmaking studio workspace, classes, lectures, demonstrations and exhibition opportunities. Project space: provides artists and curators with professional career development through exhibitions, events, seminars, residencies and public interation and discussion.”

“2021 prior period adjustment -802,525”