La Jolla Music Society

“Eleanor charlton and ric charlton have a family relationship.”

“The director of finance reviews the form 990 in detail. He provides the audit committee with a general overview of the form 990 and its component parts. He also holds a summary meeting with the president/ceo who provides final approval. A complete copy of the 990 is provided to each member of the board, prior to filing.”

“All employees are required to report any conflicts of interest to the president. Failure to report conflicts are grounds for termination. The president must report to the board any conflicts of interest. In regard to board members, la jolla music society sends out an annual email to all board members asking if any conflicts of interest may exist. Board members are also asked about conflicts of interest during the annual meeting or the first meeting of the new fiscal year.”

“The executive committee supervises and approves compensation for the organization's president. A performance review excerpted from "boardroom dancing: a practical handbook for nonprofit boards," published by compasspoint nonprofit services was used. Compensation information was gathered from all of the major arts organizations in san diego as well as from the executive recruiter that assisted in the hiring of previous presidents. Data from a compensation study of presidents in not-for-profit organizations with similar budget sizes was used to create a fair compensation package. This process last occurred in december 2022. The only other officer that the organization has is the artistic director whose salary is set by the organization's ceo. This process was last conducted in july 2023. The organization does not have any key employees.”

“Ljms makes its audited financial statements, form 990, governing documents and policies available upon request.”

“The organization filed a short-year return in 2023 in order to change the current year end from 9/30 to 6/30.”

“Production fees: program service expenses 584,983. Management and general expenses 56. Fundraising expenses 33,327. Total expenses 618,366. Artist: program service expenses 1,627,186. Management and general expenses 0. Fundraising expenses 6,000. Total expenses 1,633,186. Other professional fees: program service expenses 65,331. Management and general expenses 64,496. Fundraising expenses 2,275. Total expenses 132,102.”