Painted Bride Art Center Inc.

“The organization has an executive committee consisting of the board chair, secretary, and treasurer. The executive committee shall have and may exercise all of the powers and authority of the board of directors, except they shall not have any power or authority over: the filling of vacancies in the board of directors; the adoption, amendment or repeal of the bylaws; the amendment or repeal of any resolution of the board of directors; or action on matters committed by the bylaws or a resolution of the board of directors to another committee of the board of directors.”

“The form 990 is prepared by an independent accounting firm and then distributed to the full board for review. The finance committee will review prior to distribution and be available for comments and questions.”

“Any director, principal officer, or member of a committee with board delegated powers or employee who has power with respect to selecting vendors or performers/artists who has a direct or indirect financial interest is covered. Conflicts of interest are those circumstances in which the personal interests of a board member or employee of the bride may potentially or actually conflict with the interests of the bride or may be perceived as potentially or actually conflicting with the interests of the bride. Personal interests include not only the individual's own interests but also those of a member of his/her family or those with whom he/she maintains living arrangements approximating a family relationship. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his/her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. The remaining board or committee members shall decide if a conflict of interest exists. The minutes of the board and all committees with board-delegated powers shall contain - 1. The names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed. 2. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection therewith. Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms that such person - 1. Has received a copy of the conflicts of interest policy, 2. Has read and understands the policy, 3. Has agreed to comply with the policy, and 4. Understands that the bride is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The full board is involved in preparing the annual evaluation of the executive director which is then conducted by the chair of the board. Following the evaluation the full board discusses any salary changes. Form 990, part vi, section b, line 15b: the executive director makes recommendations to the board for other key staff positions. The board then votes on these changes.”

“Our governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“The organization has an executive committee consisting of the board chair, secretary, and treasurer. The executive committee shall have and may exercise all of the powers and authority of the board of directors, except they shall not have any power or authority over the filling of vacancies in the board of directors; the adoption, amendment or repeal of the bylaws; the amendment or repeal of any resolution of the board of directors; or action on matters committed by the bylaws or a resolution of the board of directors to another committee of the board of directors.”

“Marketing publicist: program service expenses 4,119. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,119. Development consultant: program service expenses 0. Management and general expenses 0. Fundraising expenses 29,600. Total expenses 29,600. Per diem: program service expenses 11,899. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,899. Contractors: program service expenses 12,598. Management and general expenses 1,938. Fundraising expenses 4,845. Total expenses 19,381. Marketing consultant: program service expenses 5,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,500. Artist costs: program service expenses 97,770. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,770. Worker's compensation expense: program service expenses 0. Management and general expenses 6,157. Fundraising expenses 0. Total expenses 6,157.”