Smith Center for the Arts Inc

“Governing board reviewed and discussed form 990 during the scheduled meeting.”

“Each director, officer and member of a committee with board delegated powers shall prior to initial election, and annually thereafter, sign a statement which affirms that such person: (a) has received a copy of the conflicts of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Prior to the election of any director, and annually thereafter, such director shall complete, sign and submit to the secretary of the organization a written statement identifying potential conflicts as defined in the conflict of interest policy. The secretary shall provide a copy of all completed written statements by all directors to the chair of the board. The policy provides steps to be taken if a conflict is identified. The minutes of the board and all committees with board designated powers shall contain the names of the persons who disclosed or otherwise were found to have conflict of interest; the board's decision whether a conflict exists and the names of the persons who were present for discussion and a record of any votes taken therewith. To ensure that the organization operates in a manner consistent with its charitable purposes, periodic reviews shall be conducted. The periodic review shall determine whether (a) compensation agreements and benefits are reasonable and the result of arms-length bargaining and (b) whether arrangements with partnership, joint ventures and service organizations conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the organization's charitable purposes and do not result in inurement or impermisible private benefit.”

“The executive committee regularly reviews the compensation packages of all employees. The committees then inform the board regarding the compensation package and upon final approval the amounts are incorporated into the budget.”

“Form 990 and applicable schedules are made available to the general public upon request.”

“Artist fees: program service expenses 122,120. Management and general expenses 0. Fundraising expenses 0. Total expenses 122,120. Professional fees: program service expenses 0. Management and general expenses 12,079. Fundraising expenses 0. Total expenses 12,079.”

“The organization has not changed either its oversight process or selection process during the tax year.”