Theater Labrador Inc.

“Upon receiving the draft of the Form 990 from the organization's accountant, the staff emails the document to the board of directors for their immediate review before filing.”

“Periodic reviews shall be conducted by the Board to ensure that Theater Labrador operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax. Should a Conflict of Interest exist, the Chairperson of the 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 Board or committee shall determine whether Theater Labrador can obtain a more advantageous transaction or arrangement with reasonable efforts 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 attainable under circumstances that would not give rise to a conflict of interest, the Board or committees shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interest and for its own benefit and whether the transaction or arrangement is fair and reasonable to Theater Labrador and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“Producing Artistic Director and Board Member Susan Bernfield compares executive salaries at similar-sized New York organizations and together with the Board of Directors decides on the annual compensation. Please note that in 2016 the salary for the Producing Artistic Director is donated in kind.”

“The Organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.”