Arts Council of Indianapolis Inc

“Molly chavers, interim president and ceo is the wife of adam chavers, advisor of the board of directors.”

“The finance committee of the board reviews a draft of the form 990 with the staff and the preparer. Subsequently, the board is given access to a draft of the form 990 for review and questions. The finance committee chair also provides an overview of the form 990 to the board prior to its filing.”

“Each member of the board completes a conflict of interest statement annually. The president reviews the statements and forwards any conflicts to the board chairman for resolution. Board members are not permitted to vote on any items for which a conflict of interest exists. Employees likewise are required to complete a conflict of interest statement annually. The president monitors these statements and employees are prohibited from conducting business or being able to influence any decisions for which an actual or potential conflict of interest exists.”

“The executive committee reviews the performance of the president on an annual basis. The committee determines compensation, based upon their comparative research and reviews and makes any necessary adjustments based upon the performance evaluation. The board then approves the president's salary. Other employees are reviewed by their supervisors on an annual basis and any compensation adjustment is made based upon the results of their performance evaluation.”

“The organization makes its governing documents, policies and financial statements available upon request, as required by law.”

“The indianapolis artsgarden, llc, a wholly owned subsidiary of the arts council of indianapolis, inc., owns and operates the artsgraden building located above the intersection of washington and illinois streets. The total income of $554,307 is derived from rental income of $427,767 and expense reimbursements, for furniture, fixtures, and equipment purchases, totaling $126,540.”