Dance Notation Bureau Inc.

“Board members carla guggenheim and david hopkinson have a family relationship.”

“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 monitored and enforced 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 to 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.”

“There are two officer positions within the organization: the executive director, and the director of finance and administration. The executive director is an unpaid position. The director of finance and administration was hired in 2006 in a part-time capacity of 20 hours per week. The process used to determine his compensation was to prorate the salary of the former full-time executive director, based on a 40 hour/week, $50,000 salary. 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 january of 2015 when the board of directors approved a 5% raise for the department of finance and administration.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted 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 178 east 109th street, #5, new york, ny 10029 or by calling the organization directly at (212)-571-7011.”

“Change in value of benefical interest in remainder trusts -19,764.”

“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.”