Cottonwood Artists' School

“The executive committee is comprised of the board president, vice president, treasurer, and such other persons as may be from time to time designated by the board. The executive committee serves as a steering committee of the board and is responsible for establishing policies and strategies relevant to the organization for consideration by the board. In the absence of a separate finance committee, the executive committee shall serve as the finance committee of the board and is responsible for reporting to the board on the financial circumstances of the organization and overseeing the preparation of financial statements and tax returns for the organization. The executive committee has the authority to approve actions and agreements on behalf of the organization when circumstances do not reasonably permit the board to consider and take such actions. The executive committee is also responsible for determining the compensation of the executive director and establishing the terms and conditions of his or her employment.”

“Form 990 is reviewed by the board and approved online via electronic vote prior to filing.”

“The conflict of interest policy is reviewed and signed by all board members at the annual meeting each year and when new board members are elected.”

“The executive committee of the board is responsible for determining executive director compensation and establishing the terms and conditions of his employment. The committee uses comparisons with other similarly situated non-profit organizations to determine reasonable compensation.”

“Documents required to be open to public inspection are made available upon request at the organization office.”

“Program instructors: program service expenses 158,521. Management and general expenses 0. Fundraising expenses 0. Total expenses 158,521. Payroll processing: program service expenses 2,561. Management and general expenses 311. Fundraising expenses 81. Total expenses 2,953. Curation: program service expenses 2,362. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,362. Other professional fees: program service expenses 200. Management and general expenses 0. Fundraising expenses 0. Total expenses 200.”