Philadelphia Film Society

“Larry korman john paz chairman board member own a property together”

“The accountant prepares the 990 and submits it to the executive director for review. Any changes are made and the 990 is then submitted to the board's finance committee, which includes the treasurer and president, for review and approval.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and 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. After disclosure of the financial interest and all material fact, and after any discussion with the interested person, he/she leaves the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. 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: a. The names of the people who disclosed or otherwise were found to have 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. B. The name of the people 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 vote taken in connection with proceedings. Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict-of-interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the corporation is charitable and to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax- exempt status, periodic review shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation agreements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further benefit or in an excess benefit transaction.”

“The board of directors approve all salaries paid to the employees of the entity. They base salaries on the wages paid for comparable positions and internal budget constraints.”

“The board of directors approve all salaries paid to the employee of the entity. They base salaries on the wages paid for comparable positions and internal budget constraints.”

“The entity will provide information to the public when it receives a wrtten request or a phone call requesting such information.”

“The philadelphia film society (pfs) is the region's home for classic and contemporary film presentation, education, entertainment, and community building. A nonprofit, community-supported organization, pfs produces the acclaimed philadelphia film festival, curates an extensive year-round film program celebrating the past and future of world cinema, and provides education and community outreach programs, all serving to raise awareness of film as an important art form and vital piece of philadelphia's arts and culture community. Presented at the philadelphia film center, pfs bourse, and pfs east theaters, the film society's offerings include film series with a unique global and local perspective, movies on the block, pfs on us, and pfs teacher residencies across philadelphia schools. For more information, visit www.filmadelphia.org.”

“Philadelphia film festival: every october, the philadelphia film society hosts the philadelphia film festival which gathers more than 25,000 dedicated film lovers and scores of talented filmmakers for eleven exceptional days of cinematic splendor. Throughout the year, pfs's artistic team scours the world's most prestigious film festivals - from sundance to berlin, cannes to toronto - for the year's most highly anticipated, critically acclaimed, and thought-provoking films. The festival presents these films as well as selections from the hundreds of submitted films viewed by festival programmers, all alongside exclusive events with actors, directors, and industry guests; vip receptions; and much more. As a world-class film festival, the festival represents a major contribution to the cultural life of the city and region, attracting new audiences to pfs and the film community at large.”

“The process has not changed from the prior year.”