Jazz at Lincoln Center Inc

“Management thoroughly reviews the form 990 before presenting it to the audit committee of the board. The audit committee, consisting of at least three independent directors, reviews and approves the form 990. The approved form 990 is then distributed to all the members of the board of directors prior to it being filed with the irs.”

“The audit committee periodically reviews and approves a conflict of interest statement that is issued to every member of the board at its annual meeting. Each board member is required to disclose any actual or potential conflicts of interest, including any relationship, financial interest or business affiliation. Disclosed conflicts are presented to the audit committee for evaluation, and minutes are maintained of the meeting. Board members are informed of strategic and significant business relationships through board meetings and materials, and are required to disclose any potential conflict. Any board member with a conflict is recused from discussions and decisions. Senior staff and key employees are required to disclose any actual or potential conflicts of interest, including any relationship, financial interest of business affiliation. Disclosed conflicts are presented to the audit committee for evaluation and minutes are maintained of the meeting. All employees of jazz at lincoln center, inc. Are required by the employee handbook to disclose any actual or potential conflicts of interest, including any relationship, financial interest or business affiliation. Disclosed conflicts are reviewed at various levels based on the type of conflict, including the human resources department, the managing and artistic director and the executive director, or the audit committee.”

“The people committee of the board has oversight of jazz at lincoln center, inc.'s compensation and labor relations. This committee negotiates the terms and conditions of employment of the managing and artistic director and the executive director, approves any salary increases for the managing and artistic director and the executive director and charges the human resources department with obtaining market data to ensure that the salary falls within acceptable ranges. Compensation surveys, including comparability data, for the managing and artistic director and the executive directors' salaries are conducted by an independent compensation firm, and reviewed by the committee. The committee also reviews the salaries of other officers and senior managers of jazz at lincoln center, inc. Market data is collected and reviewed on a regular basis. The committee acts as the custodian for jazz at lincoln center, inc.'s overall compensation philosophy. The overall compensation adjustments are incorporated in the annual budget process and approved by the finance and executive committees before being ratified by the full board. The individual salary adjustments are then based on performance and approved by the managing and artistic director and the executive director.”

“Jazz at lincoln center makes its governing documents, conflict of interest policy, and financial statements available to the public, on request.”

“Artist fees: program service expenses 2,471,576. Management and general expenses 419. Fundraising expenses 10,741. Total expenses 2,482,736. Other fees: program service expenses 4,276,905. Management and general expenses 356,701. Fundraising expenses 269,362. Total expenses 4,902,968.”