Kronos Performing Arts Association

“Board members Alice Wingwall and Donlyn Lyndon are married to each other.”

“FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE MANAGINGDIRECTOR. THIS GROUP OF INDIVIDUALS DISCUSSES THE CONTENTS OF THE RETURN WITHTHE OUTSIDE TAX PROFESSIONAL. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final return which is then e-filed with the Internal Revenue Service.”

“Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Specifically, the organization uses the opportunity knocks national compensation and benefits survey to determine the amount of compensation. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures. Final compensation adjustments are approved by the board.”

“Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Specifically, the organization uses the opportunity knocks national compensation and benefits survey to determine the amount of compensation. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures. Final compensation adjustments are approved by the board.”

“All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in san francisco, california.”

“OTHER PROGRAM SERVICES 4: Mentoring/Education: Kronos participates in mentoring and education projects on an ongoing basis. In 2015 (and continuing through 2017), KPAA launched Fifty for the Future: The Kronos Learning Repertoire, a 5 year education project that will commission 50 new works from a group of composers - 25 women and 25 men - designed specifically for student musicians. Kronos participates in many residencies each year, working with student composers, musicians, and students from other areas of study. Kronos often performs for school-aged children and families, both in schools and in concert hall settings. KPAA management also advises other organizations, performers, composers, and arts professionals on an ongoing basis. OTHER PROGRAM SERVICES 5: Organization's Mission (continued from Form 990 Page 2): recording, and publishing contemporary music, and collaborating with, mentoring and encouraging other artists. Commissions and Projects (continued from Form 990 Page 2): Kronos premieres each piece and create companion digital materials, including scores, recordings, and performance notes, which are distributed online for free.”

“Change in present value of LT pledges = $4040”