Emc Arts Inc

“Emcarts 990 data is initially assembled by the auditor after the annual financial audit is completed. Then the draft document is reviewed by both the managing director and operations and program coordinator. After any revisions are made, if needed, emcarts staff leaders share the draft with the board chair/treasurer to check for consistency in reporting. Upon these reviews, the signed copies are then promptly submitted, and the full emcarts board reviews the 990 document at their next board meeting as part of the formal agenda.”

“Board members receive a copy of said policy annually, and sign off on receipt of it, as do all staff members and subcontractors, upon signing their letters of agreement with the organization. Emcarts explicitly asks that, if any staff or board member foresees a situation that may give rise to a conflict of interest, they bring it before the board and/or the managing director. Although no actions have been necessary to this point, the managing director holds the responsibility for enforcing the policy should any disruptive situations arise.”

“Compensation of the president and managing director of emcarts, as well as the aggregate of the staff compensation line, is reviewed when the board reviews drafts of the upcoming fiscal year budget, and then subsequently votes to approve the proposed budget. Details of raises in pay proposed by the managing director for all staff, and by the board chair and/or president for the president and managing director.”

“Annually emcarts makes its latest governing documents available to the public through the website guidestar.org. The organization regularly complies with sharing the most recent three years of 990 documents and updates its profile regularly. If we are requested to share such documents (such as when we are submitting a grant request to a private foundation), we do so to the full extent requested.”

“Annually emcarts makes its latest governing documents available to the public through the website guidestar.org. The organization regularly complies with sharing the most recent three years of 990 documents and updates its profile regularly. If we are requested to share such documents (such as when we are submitting a grant request to a private foundation), we do so to the full extent requested.”

“Subcontractors: program service expenses 196,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 196,225. Other professional fees: program service expenses 21,430. Management and general expenses 7,131. Fundraising expenses 0. Total expenses 28,561.”

“There were no changes to the oversight process in the current year.”

“There was a prior period adjustment to recognize $512,000 as revenue earned in 2018.”