The Dance Ring Inc

“The form 990 is prepared by an outside accounting firm. It is reviewed with the executive director and audit committee. Once it is ready for filing all board members are provided an electronic copy of the form 990 for review.”

“The conflict of interest policy is applicable to all board members, officers, and key employees ("insiders"). Each insider shall disclose to the board all material facts regarding his or her interest in the transaction, promptly upon learning of the proposed transaction. With regard to an insider, the board shall determine if a conflict of interest exists. The insider(s) and any other interested person(s) involved with the transaction shall not be present during the board's discussion or determination of whether a conflict of interest exists. The board may ask questions of and receive presentation(s) from the insider(s) and any other interested person(s), but shall deliberate and vote on the transaction in their absence. The board shall ascertain that all material facts regarding the transaction and the insider's conflict of interest have been disclosed to the board and shall compile appropriate data, such as comparability studies, to determine fair market value for the transaction. After exercising due diligence, which may include investigating alternatives that present no conflict, the board shall determine whether the transaction is in the organization's best interest, for its own benefit, and whether it is fair and reasonable to the organization; the majority of disinterested members of the board then in office may approve the transaction. The minutes of any meeting of the board pursuant to this policy shall contain the name of each insider who disclosed or was otherwise determined to have an interest in a transaction; the nature of the interest and whether it was determined to constitute a conflict of interest; any alternative transactions considered; the members of the board who were present during the deliberations on the transaction, those who voted on it, and to what extent interested persons were excluded from the deliberations; any comparability data or other information obtained and relied upon by the board and how the information was obtained; and the result of the vote, including, if applicable, the terms of the transaction that was approved and the date it was approved. Each director, corporate officer, top management official, top financial official, and key employee of the organization, shall annually sign a statement on the form attached, that: affirms that the person has received a copy of this conflict of interest policy, has read and understood the policy, and has agreed to comply with the policy; and discloses the person's financial interests and family relationships that could give rise to conflicts of interest. To ensure that the organization operates in a manner consistent with its status as an organization exempt from federal income tax, the board shall authorize and oversee an annual review of the administration of this conflict of interest policy. The review may be written or oral. The review shall consider the level of compliance with the policy, the continuing suitability of the policy, and whether the policy should be modified and improved.”

“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, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”

“The organization has established an audit committee, comprised of independent directors that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”