Laurel Arts Inc

“Form 990 upon completion is reviewed by the president of the board. A copy of the form is made available to board members for their review. The president signs the e-file authorization form prior to the return being e- filed.”

“Annually each director, principal officer and members of committees with b oard delegated powers must sign a statement, stating that they 1) received a copy of the conflict of interest policy; 2) have read & understand the policy; 3) agrees to comply with the policy; and 4) understands that the o rganization is a charitable organization & to maintain its federal tax- exempt status must engage in activities which accomplish its tax-exempt purpose.”

“The board periodically reviews activities that could jeopardize its tax- exempt status. At a minimum, reviews include 1) compensation arrangements & benefits are reasonable, based on competent survey information, and the result of arm's length bargaining; and 2) arrangements between the organization and parties of interest conform to written policies, are properly recorded, reflect reasonable investment and payment for goods & services for similarly qualified persons, further the organization's charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. All deliberations and decisions have comtemporaneous written documentation.”

“All documents that are required to be available for public inspection are maintained at the organization's main office. Upon request, the documents are made available.”

“Other events - laurel arts provides various art related activities for the community during the year. These events included music on the lawn performances, uptown mural, music performances, and the imagination garden at laurel arts. Laurel arts maintains a year around gallery which is open to the public and showcases student, local and non-local artists. Laurel arts provides information to members on the arts; in conjunction with local schools provide art related classes; maintain a permanent art collection.”