Vanguard Music and Performing Arts

“The cfo and audit & security committee review and approve the form 990 prior to submission to ensure that the form 990 is accurate and complete to their best knowledge. The audit & security committee shares the form 990 with the board of directors and ceo prior to final submission for internal transparency and fiduciary oversight. The cfo, ceo, or another officer acting in that capacity, signs the return and it is then filed with the internal revenue service.”

“The organization has a conflict of interest policy that requires officers, directors or trustees, and key employees to disclose annual interests that could give rise to conflicts. The organization continually and consistently monitors and enforces compliance with the policy.”

“Each year, the board leadership completes a formal performance appraisal of the ceo at the end of the fiscal year. Compensation for the ceo is set per a written contract between board leadership and ceo that is reviewed annually and may not necessarily be attached to the end of the fiscal year period . The ceo conducts a performance appraisal of his direct reports at the end of each fiscal year, and sets the compensation level as part of that process.”

“Annual returns and exemption applications filed with the irs are available as requested and required through scanned document or pdf via email, or via hardcopy. In addition, the irs makes these documents available.”

“Grant paid to related organization (vmapa texas affiliate) to pay for its payroll and payroll service expense. In the past, the vmapa texas affiliate payroll was included in the filing organization's wages and payroll tax expense lines 5 and 10. Payroll service fees were included with other expenses, line 24e. Beginning with the current fiscal year these costs will be treated as a grant here and on schedule i.”

“No change from prior year.”

“The organization did not have any personal benefit contracts.”

“The organization does not maintain any donor advised funds.”

“The organization is not required to undergo an audit or audits as set forth in the single audit act and omb circular a-133.”

“The organization's bingo gaming license is governed by the city of santa clara. The city of santa clara does not require the organization to make charitable distributions from the gaming proceeds to retain its license. The organization applies all of its bingo proceeds towards its exempt activities.”