Tbac Wind Down Ltd

“No review of the form 990 was conducted by the organization. A review plans to be conducted subsequent to filing with the irs.”

“The conflict of interest policy covers members of the board of directors and key employees. All key employees and all members of the board of directors need to renew their certification of compliance on an annual basis. If at any time during his or her term of service, a director or key employee acquires any interest or otherwise a circumstance arises which may pose a conflict of interest, that interest or other conflict shall be promptly disclosed in writing to the chair of the board. When any matter for decision or approval comes before the board or any committee of the board in which a director has an interest or other conflict, that interest or other conflict shall be immediately disclosed to the board or relevant committee by that director. The policy calls for the following disclosure requirements: 1. Directors and key employees shall disclose in writing, any interest (as defined below) such person may have in any entity which provides professional or other goods or services to the corporation for a fee or other compensation 2. Any position or other material relationship such director or key employees may have with any other not-for-profit corporation with which the corporation has an attorney-client or other business relationship the conflict of interest policy defines the following as rising to the level of a potential conflict of interest: 1. If the derive a significant individual economic benefit, either directly or indirectly, from any transaction or relationship involving such entity or any decision on a matter involving such entity by the board or a committee. The following restrictions would be imposed on such persons with a conflict: 1. Voting. No director shall vote on any matter in which he or she has a conflict of interest. 2. Non-participation. Any director who has a conflict of interest in a matter shall leave the room in which discussion regarding that matter is carried on, if so requested by the board or the relevant committee; provided, however, that the interested director may participate in any discussion regarding his or her absence. 3. Attempts to influence. Directors shall not attempt to influence other directors regarding matters in which they have a conflict of interest, without first disclosing that conflict of interest. 4. Contract review committee. The board may, in its own discretion establish a contract review committee consisting of at least three (3) directors to review any contract that is proposed for approval by the board respecting which a director or key employee may have a conflict of interest (an "interested party contract"). If no contract review committee has been duly appointed, at any time, the board (not including the directors having an interest in the applicable contract) shall serve such role. The contract review committee or board shall review the interested party contract and determine whether to authorize the contract; provided that if the contract is of a magnitude that it would otherwise require board approval, the contract review committee shall submit the contract to the board with its recommendation whether or not to approve it. The contract review committee or the board must approve an interested party contract by a majority vote of the disinterested directors entitled to vote on the matter.”

“The big apple circus has used a national employment consulting firm to select ceo level candidates and facilitate the hiring process. The firm conducted a market analysis to develop recommendations for executive compensation based upon their research. When candidates emerged from the selection process, including board interviews, the consulting group presents the candidates' resumes and compensation guidelines to the executive committee of the board of directors for review, discussion, and approval. The committee's deliberations, discussion, and decision are documented in committee minutes. This process was last performed in may, 2012, to finalize the employment and compensation arrangements for the executive director, hired in july, 2012. A new acting executive director was promoted from within existing senior staff in february, 2015, and was approved to continue as executive director by the board in july 2015. No changes to the process for determining executive compensation were made in fy 2015-2016. To establish compensation for other senior staff, the executive committee reviewed information from the guide star national compensation surveys and the eri nonprofit comparables assessor, as well as drawing on the circus's staffing history and board members' familiarity with other nonprofits.”

“The form 990 for the big apple circus, ltd. Is available for public inspection as required under section 6104 of the internal revenue service code as it is posted on guidestar.org and other similar websites. In addition, forms 990 and 1023, as well as the financial statements, conflict of interest policy, articles of incorporation and by-laws are available upon written request to the organization at one metrotech center, brooklyn, ny 11201, or by calling the organization at 212-268-2500.”

“The nonprofit big apple circus engages the communities we serve through the joy and wonder of classic circus arts. We create direct, shared connections inside our one-ring big top and in hospitals, nursing homes, and schools, in our new york city home and in cities across america. Each year, big apple circus offers a new show, featuring the finest circus performers from around the globe and bringing the highest standards of artistic excellence to our multigenerational, multiethnic, and multilingual audience, both on tour and at our home base in new york city's lincoln center. Big apple circus is equally dedicated to art and care: the circus plays to 250,000 each year under the big top, and serves an additional 300,000 through our community programs: - clown care brings laughter and joy to aid the healing process of patients in 15 leading pediatric hospitals, while its sister program, vaudeville visits, engages seniors in residential care facilities. - circus of the senses and circus embraces autism provide adapted performances for children with hearing and vision impairments, on the autism spectrum, and with other physical and cognitive challenges. - circus after school teaches kids life skills such as teamwork, responsible risk-taking, and perseverance, through a structured program of learning and performing circus arts. - and circus for all! Distributes free and subsidized tickets to schools and nonprofit organizations serving low-income children and families. Inclusion is a core value at big apple circus, which is dedicated to delivering the finest circus entertainment to everyone, regardless of physical or cognitive ability, or economic circumstance.”

“Uncollectible pledge -226,000.”

“The oversight process for the audit of the organization's financial statements and the process to select an independent accountant has not changed from the process employed in the prior year.”