Tuesday Musical Association

“During the tax year, the governing body of tuesday musical association (tma) delegated broad authority to an executive committee. The committee is composed entirely of voting members of the governing body: the president, vice president/president elect, secretary, treasurer, and chair of the governance committee. The executive director serves as a non-voting ex officio member. The executive committee is authorized to act on behalf of the full board between meetings. All actions taken are reported to the board for ratification at its next meeting. No members of the executive committee fall outside the governing body, and its authority is not limited to specific areas.”

“The organization has updated its code of regulations to allow for up to 23 directors, an increase from the previous limit of 21. Additionally, the number of appointed committee chairs or co-chairs has been expanded from a range of 4-6 to 4-8.”

“Any individual who has an interest in tuesday musical association (tma) and its mission may become a member upon payment of annual dues. Members are encouraged to attend concerts, member programs, business meetings, and education/community engagement programs. Membership classifications include active, life/past presidents, emeritus, honorary, and young professionals (under age 40, eligible for reduced dues). Members are invited to participate in committees, recruit new members, and support tma through financial contributions.”

“Members elect new board members and new nominating committee members.”

“Members vote annually to accept/reject the next fiscal year budget, annual acceptance of new proposed slate of officers and board members, and changes in the code of regulations.”

“The form 990 is reviewed by the treasurer, the board president, and the executive director prior to filing. A copy of the form 990 is also made available to all board members prior to filing.”

“The conflict of interest policy is reviewed annually by the board and management. In connection with any actual or potential conflict, an interested person must disclose the financial interest and all material facts to the governing board or relevant committee. After disclosure, the individual must leave the meeting during discussion and voting on the matter. The remaining disinterested members determine whether a conflict exists and, if so, whether the proposed transaction or arrangement is fair and in the best interest of the organization. The board enforces the policy through documented procedures and disciplinary action when necessary.”

“The compensation of the executive director is determined by the board of directors and reviewed annually by the executive committee. The process includes performance evaluation and approval by independent board members. While the code of regulations outlines oversight and review, it does not explicitly reference the use of comparability data or contemporaneous documentation. However, the organization follows standard nonprofit practices to ensure compensation is reasonable and aligned with its charitable mission. The process described here was last completed in 2025.”

“Tuesday musical association makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. These documents can also be accessed through the cultural data project website. Requests may be submitted to the organization's office, and documents are provided in electronic or printed format as appropriate.”

“Board of directors takes responsibility for the audited financial statements”

“Section 1.263(a)-1(f) de minimis safe harbor election tuesday musical association 1041 w. Market st, ste 200 akron, oh 44313-7103 employer identification number: 34-0786212 for the year ending june 30, 2025 tuesday musical association is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”