Encore Series Inc

“Encore's form 990 is prepared by the outside accountant and a draft is reviewed by management and certain members of the board of directors. After the initial draft review, the board reviews the 990 in its entirety prior to filing.”

“The organization monitors and enforces compliance by following these procedures: 1 - any interested party has a duty to disclose the transaction or arrangement 2- the interested person presents this potential conflict of interest to the board/committee 3- the board/committee determines whether there is a conflict of interest 4-board/committee/interested party follows pre-determined procedures to address the issue if one exits 5- the above will be recorded in the minutes of the board/committee each director, officer and member of a committee with board-delegated powers shall annually respond to a questionnaire and sign a statement of affirmation.”

“Board of directors determines compensation for the board's officers and for key employees. During the fiscal year ended june 30, 2020, frank giordano, president and ceo (ceo through 12/31/19 only), had his salary reduced from $175,000 to $100,000 as of april 1, 2020. Effective july 2020, mr. Giordano had his salary reduced to $0 and his role became president, electing to forgo all compensation from the organization.”

“AVAILABLE UPON REQUEST”

“The organization makes its form 990 available to the public by retaining a copy at its place of business. It is also available on guidestar.org. The other document are not ordinarily made available to the public, but if requested will be provided at management's discrection.”

“Music director: program service expenses 228,390. Management and general expenses 0. Fundraising expenses 0. Total expenses 228,390. Event expenses: program service expenses 47,579. Management and general expenses 0. Fundraising expenses 140,997. Total expenses 188,576. Development: program service expenses 0. Management and general expenses 0. Fundraising expenses 133,936. Total expenses 133,936. Licensing: program service expenses 122,608. Management and general expenses 0. Fundraising expenses 251. Total expenses 122,859. Education: program service expenses 24,668. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,668. Bad debt expense: program service expenses 0. Management and general expenses 4,321. Fundraising expenses 0. Total expenses 4,321.”

“Ppp revenue recognition differences, both loans forgiven fye 6/30/22 -1,028,720.”