Texas Educational Theatre Association Inc.

“The organization became aware of missing assets and has replaced the former treasurer. The organization has filed suit seeking damages and recovery of the missing assets. Additionally, the travis county district attorney has indicted the former treasurer (case d-1-dc-14-900119) and is currently conducting a criminal investigation regarding the missing assets.”

“The organization is composed of teachers of theatre, k-12, college/university teachers and professors, and high school and college student members.”

“Board members are elected by the members in good standing.”

“The treasurer reviews the completed 990 and presents it to the board for review and approval.”

“The governance board maintains a conflict of interest policy to prevent institutional or personal interests of board members, officers, and staff of texas education theatre association from interfering in the performance of their duties and to see that there is no personal, professional, or political gain at the expense of the organization. The policy requires disclosure of any conflicts of interest and the recusal of any interested party in a related decision. A yearly conflict of interest questionnaire is requred to be filled out and returned by each party covered by this policy.”

“All documents required to be available to the public for inspection including, but not limited to, form 990, financial statements, and formation documents are availalbe upon written request to the board.”

“Amounts included on these lines are securities and cash investments that were listed on the books at 12/31/12, but are believed to be non-existent and are part of the ongoing criminal investigation. For further explanation please see the note for form 990, park vi, section a, line 5.”