The Actors' Fund of America

“Many entertainment community fund trustees work in the entertainment industry. These individuals enter into business arrangements among themselves. These relationships are fluid throughout any given year and so identifying each and every one is very difficult. These business relationships have no impact on the fund's operations.”

“The form 990 was prepared by an accounting firm in conjunction with the organization's finance department. A copy of the draft form 990 was circulated to the full board of trustees for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“The fund has a written conflict of interest policy for key employees and trustees. The officers, trustees, and key employees are required to complete the conflict of interest policy form and sign on an annual basis at a minimum, and inform the organization when the conflict of interest circumstances arise.”

“The fund undertakes a very thorough and comprehensive process to ensure that the compensation for all employees, including president and ceo, officers, and key employees is comparable to other peer institutions in the market in which the organization operates. The fund commissions a compensation survey from an independent third-party compensation specialist. The compensation consultant validates the organization's competitive position within the marketplace by region, by peer institution (i.e. Organizations with a similar mission, similar size and operational budget). Compensation for the president and ceo is reviewed and approved by the executive committee. These decisions are formalized and documented in the organization's committee minutes.”

“The fund's form 990 and financial statements are posted on the organization's website. The fund's form 990 is also posted on the internet at www.guidestar.org. The governing documents, conflict of interest policy and financial statements are available upon request and at management's discretion.”

“We collaborate and share information, skills and knowledge with each other and our community. We encourage and celebrate curiosity, creativity and innovation. We embrace diversity and seek equity, inclusion and dignity for all. We hold ourselves and each other accountable for the integrity of our services, to being good stewards and maintaining the trust of our clients and supporters. Through offices in new york, los angeles, and chicago, the fund serves everyone in film, theater, television, music, opera, radio, and dance with programs including social services and emergency financial assistance, health care, and insurance counseling, housing, and secondary employment and training services.”

“Change in value of split-interest agreements 153,963. Pension benefit related activities, other than net periodic pension cost 1,699,000.”