Contra-Tiempo

“Contra-tiempo's form 990 is reviewed internally by both the artistic director and company bookkeeper. It is then submitted to the board of directors for review and approval. The final form 990 is sent to each board member in hard copy or electronic format prior to filing.”

“Specifically, the conflict of interest policy applies to all organization directors, officers and key employees and requires the avoidance of the appearance of a conflict of interest as well as actual conflicts. The board president is charged with enforcing the conflict of interest policy, including regularly and consistently monitoring compliance with the conflict of interest policy. Potential or actual conflicts are dealt with according to whether the conflict involves another officer or the artistic director (in which case the matter is submitted to the chair of the board). Violations may result in sanctions. Contra-tiempo requires each director, officer and key employee to disclose annually interests that could give rise to conflicts. Each spring, contra-tiempo asks each director, officer and key employee to complete and sign a document that includes a copy of contra-tiempo's conflict of interest policy, an acknowledgement that the recipient has read the policy, confirmation that the recipient complied with the policy during the preceding year and up to the date of completing the document, a statement that the recipient has no conflicts to report or has reported them on the document, and an undertaking to promptly advise the artistic director of contra-tiempo upon becoming aware of any conflict. No organization director, officer or key employee who has a conflict of interest may vote or otherwise participate in any final deliberation or decision on behalf of contra-tiempo regarding any contract, transaction or other matter in which the director, officer or key employee has a conflict.”

“Contra-tiempo, subject to approval by the board of directors, will annually review, set and document the positions, responsibilities and reasonableness of the total compensation (including benefits and deferred compensation) for any officers and directors who are compensated, and will also review, approve and document the total compensation (including benefits and deferred compensation) for the senior executives. At least once every two years, the finance committee will present to the board of directors a written evaluation of all key employees' performance. No member of the board of directors who receives compensation from contra-tiempo will serve on the compensation committee.”

“The board of directors of contra-tiempo is responsible for the oversight of the compilation of financial statements and reports submitted to reporting agencies. Other organizational documents are made publicly available upon request.”

“OTHER ADJUSTMENTS = $16”