St. Anns Warehouse Inc.

“Adam max is managing principal of the jordan company, which is a controlling investor in prg llc, which is a vendor to the organization. Mr. Max is the vice chair and a board member of prg, but has never intervened on behalf of the organization to negotiate rates with prg. Adam max is the managing partner of the jordan company. The jordan company and saw board chair joseph steinberg's company leucadia national corporation (of which he is the chairman) are involved in several business relationships together.”

“The form 990 has been fully reviewed by the audit committee in conjunction with the accounting firm in advance of its filing. Once all information was reviewed and all changes deemed appropriate were made, the form 990 was reviewed by the president. Should the president have any changes to the form 990, they must be approved by the audit committee in advance of the filing. The form 990 was made available to all board members before the form 990 filed. Once all changes were made, the form 990 was filed.”

“All directors and officers are asked to complete a conflict of interest statement annually, asking for the disclosure of any possible conflicts they may have, and to come forward and inform the organization should a conflict arise during the year.”

“Before the budget is presented to the board for approval, the director of finance meets with the compensation committee by telephone to discuss the salary for the artistic director. The committee chair then has a conversation with the board chair, and reports back to the committee and dof to inform them of the final decision on her compensation for the coming fiscal year.”

“The organization's governing documents, conflict of interest policy, and financial statements are not made publicly available. However, such documents can be obtained upon request to the organization, access to which to be granted on a case by case basis. Form 990's are publicly available on www.guidestar.org.”

“Artistic and designer fees: program service expenses 775,217. Management and general expenses 0. Fundraising expenses 500. Total expenses 775,717. Other outside professional fees: program service expenses 249,384. Management and general expenses 56,499. Fundraising expenses 50,529. Total expenses 356,412.”

“Reduction of prior year grants -20,000.”