The New Group Inc

“Peter alkalay and barbara sloan - business relationship”

“Form 990 is reviewed by the executive director, and then by the finance and audit committee and approved before filing.”

“On an annual basis, all board members are provided with a copy of the conflict of interest policy and are required to complete and sign an acknowledgment and disclosure form. All completed forms are provided to and reviewed by the executive director and the chairman. Any potential conflict of interest which could result in a direct or indirect financial or personal benefit to a director, officer, or staff member must be disclosed, in good faith, to the board of directors. The interested individual may participate in the information-gathering stage of the board of directors discussion, but will not participate in the final deliberation or decision regarding such contract or other transaction. The interested individual may not vote on such contract or other transaction. The minutes of the meeting of the board of directors or committee will reflect: (a) that the conflict of interest was disclosed; (b) that the interested director, officer, or staff member was not present during the final discussion or vote of the board of directors or committee; and (c) that the interested individual abstained from voting. All questions as to whether a conflict of interest exists will be resolved by a vote of the board of directors in which the interested individual may not vote.”

“The artistic director's and executive director's salaries were set by the board after an investigation to the salaries of artistic directors and executive directors at similarly sized theaters in new york city.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Artistic fees: program service expenses 423,261. Management and general expenses 0. Fundraising expenses 5,000. Total expenses 428,261. Owners representative: program service expenses 134,604. Management and general expenses 0. Fundraising expenses 0. Total expenses 134,604. Other consultants: program service expenses 172,758. Management and general expenses 0. Fundraising expenses 0. Total expenses 172,758. Architect fees: program service expenses 1,187,730. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,187,730. Marketing consultant: program service expenses 30,750. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,750.”