The Greater Cincinnati Arts & Education Center

“A draft of the 990 is reviewed by the GCA&EC Executive Committee and, thereafter, made available to the remaining Board members with a specific member of the Executive Committee leading the discussion.”

“Each director, principal officer, and member of a committee with board-delegated powers, shall annually sign a statement which affirms such person: has received a copy of the conflicts of interest policy, has read and understands the policy, and has agreed to comply with the policy. To ensure the GCA&EC operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic review shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a) whether compensation arrangement and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining and b) whether partnerships, joint ventures, and arrangements with management organizations conform to GCA&EC's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in increment, impermissible private benefit or in an excess benefit transaction.”

“As part of the budget process, appropriate GCA&EC leaders review salaries in relation to salaries for similar positions elsewhere.”

“GCA&EC governing documents, conflict of interest policy, and financial statements are available upon request.”

“Fee for Service: Program service expenses 0. Management and general expenses 1,627. Fundraising expenses 2,225. Total expenses 3,852. Contractor Payments: Program service expenses 32,200. Management and general expenses 15,500. Fundraising expenses 95,442. Total expenses 143,142.”