National Guild for Community Arts Education Inc.

“There are four categories of membership under which organizations or individuals may join the corporation: a) full member is a tax-exempt organization or government agency, or division thereof, which offers arts learning opportunities and is committed to the values of quality, accessibility and accountability. B) an education affiliate is a for-profit organization that offers arts learning opportunities. C) business affiliate membership is for companies or organizations seeking visibility and participation in the community arts education field. D) an individual affiliate membership is for individuals who support the corporation's mission and values.”

“Only full members have voting privileges at meetings of the corporation. A vote may be cast by any duly authorized individual. Any member may be represented at any meeting of members or vote thereat and execute consents, waivers and releases and exercise any of his or her other rights by proxy or proxies signed by such member. Proxies are limited to matters, issues and nominations which have been circulated at least ten (10) days in advance and limited by instruction of the proxy signer.”

“The form 990 is reviewed by the treasurer of the board and the executive director prior to filing. In addition, a copy of the 990 is provided to the board prior to filing.”

“Prior to the initial election of any director, and annually thereafter, such director shall complete, sign and submit to the secretary of the corporation a written statement identifying any entity of which such director is an officer, director, trustee, member, owner, or employee and with which the corporation has a relationship, and any transaction in which the corporation is a participant and in which the director might have a conflicting interest.”

“The chairman conducts an annual performance review of the executive director and makes recomendations to the executive committee, who approve compensation. Comparability data is collected from published surveys and through review of other 990s.”

“The guild presents financial statements at annual membership meetings and shares them upon request to the general public. The conflict of interest policy is distributed to all board members annually. All documents, including the code of regulations, are available upon request.”

“Other professional fees: program service expenses 185,141. Management and general expenses 29,363. Fundraising expenses 12,427. Total expenses 226,931.”

“The audit committee, which shall be comprised solely of independent directors, shall oversee the accounting and financial reporting processes of the corporation and the audit of the corporation's financial statements. The audit committee shall annually retain or renew the retention of an independent auditor to conduct the audit and, upon completion thereof, review the results of the audit and any related management letter with the independent auditor. The audit committee shall also (1) review with the independent auditor the scope and planning of the audit prior to the audit's commencement; (2) upon completion of the audit, review and discuss with the independent auditor: (a) any material risks and weaknesses in internal controls identified by the auditor; (b) any restrictions on the scope of the auditor's activities or access to requested information; (c) any significant disagreements between the auditor and management; and (d) the adequacy of the corporation's accounting and financial reporting processes; (3) annually consider the performance and independence of the independent auditor; and (4) report on the audit committee's activities to the board of trustees. The audit committee shall oversee the adoption, implementation of, and compliance with any conflict of interest policy or whistleblower policy adopted by the corporation if this function is not otherwise performed by another committee of the board comprised solely of independent directors. Only independent directors may participate in any audit committee deliberations or voting relating to matters set forth in this section.”