The Cincinnati Ballet Company Inc

“The 990 is provided in draft form to our BOD before filing, via email.”

“Each director, principal officer, and member of a committee with governing board delegated powers signs a statement which affirms the conflict of interest policy has been received, they have read and understand the policy, they agree to comply with the policy, and they understand the organization is charitable and needs to engage primarily in activities which accomplishes one or more of its tax-exempt purposes. The Cincinnati Ballet periodic reviews include reviewing whether compensation arrangements and benefits are reasonable, based on survey information and the results of an arm's length bargaining and whether partnerships, joint ventures, and arrangements with management organizations conform purposes and do not result in inurement, impermissible private benefit or in an excess benefit.”

“There shall be an Executive Committee of the Board consisting of not less than three (3) Trustees. The Chairman of the Board shall be the chairman of the committee and other members of the committee, all of whom shall be Trustees, shall be appointed by the Board after consultation with the Chairman of the Board. The Executive Committee is comprised of the Chairman of the Board, Vice Chair, Treasurer and Secretary. The Chairman of each of the Nominating, Governance and Finance Committees shall be members, ex officio, of the Executive Committee. Executive Committee shall have the power to i) negotiate the specific terms of employment of the CEO/Artistic Director and ii) on behalf of the Corporation, enter into a contract of employment between the Corporation and the CEO/Artistic Director, after consultation with the Governance Committee and approval of the general terms of such employment contract, including overall compensation, by the Board.”

“The governing documents are available on the Secretary of State's website. The conflict of interest policy and financial statements are available upon request.”

“Other Professional Fees: Program service expenses 836,447. Management and general expenses 312,584. Fundraising expenses 51,070. Total expenses 1,200,101. Artist Fees: Program service expenses 629,196. Management and general expenses 0. Fundraising expenses 16,000. Total expenses 645,196.”

“Change in Beneficial Interest in Trust -9,647. Change in Value of Interest Rate Swaps 16,501. Transfer of Net Assets to Cincinnati Ballet Holdings -3,973,334.”

“The organization did not change its oversight or selection process during the current tax year.”