Dance Notation Bureau Inc.

“Dance notation bureau inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The conflict of interest policy is applicable to the dance notation bureau directors and officers. This policy is updated annually (in the last quarter of each fiscal year). If a director or officer believes that they may have a potential conflict, then they are required to disclose it with the governing board of the organization. After the disclosure is made, the governing body speaks with the interested person to understand the potential conflict. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, she or he shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing 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. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, 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 the transaction or arrangement. The minutes of the governing board contains any directors or officers that stated they may have potential conflict, and the resolution to such conflict.”

“Three officer positions were created to better focus on each of these areas: 1) director of finance and administration 2) director of programs 3) director of education since the prior executive director was paid $50,000/year for a full-time 40 hours per week position, and the dnb could not afford to pay in aggregate more than this amount, the above named positions were all made part time and salaries pro-rated based on a 40 hour/week, $50,000 aggregate salary. The division of labor and compensation was approved by the dnb board of directors and documented in the minutes. The compensation process for officers and directors was last updated in 2008; since then no officer or director has received a raise. In december 2012 the director of education resigned for family reasons. Her responsibilities were assumed by the executive director and the director of programs. The compensation process for non director/officer staff was updated in 2011.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 111 john street, new york, ny 10038-3123 or by calling the organization directly at (212)-571-7011.”

“Change in value of benefical interest in remainder trusts 75,387.”

“The organization has a finance committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”