Theatre at the Center Inc

“The powers health board has adopted executive and board of directors compensation philosophy and reasonableness standards. This is to ascertain that these standards are adhered to. Their process for collecting and assembling market data is consistent with the rebuttable presumption checklist and guidelines along with fair market value used by the irs in conducting executive compensation reviews as well as contemporary compensation practices. All market data is assembled from reputable commercially available sources and updated annually. The most recent update occurred in may 2024.”

“FRANKIE FESKO - Family relationship, DONALD FESKO - Family relationship”

“Community foundation of northwest indiana, inc. (cfni) dba powers health is the sole member or stockholder.”

“Powers health is the parent company of theatre at the center, inc. And has control to elect members of the governing body.”

“Powers health is the parent company of theatre at the center, inc. And has rights to approve decisions made by theatre at the center, inc. Notice of an annual or regular meeting shall include a description of any matter or matters to be considered at the meeting that must be approved by the member under the following provisions of indiana statute: 1. Contracts and transactions in which a director has a financial interest; 2. Indemnification of officers, employees and agents; 3. Amendment of the articles of incorporation; 4. Approval of a plan of merger of the corporation with another corporation; 5. Disposal of property other than in the usual or regular course of business or the abandonment of transactions; and 6. General dissolution proposals of the board of directors.”

“The 990 is submitted to the senior vp and system cfo for review, once this review is complete the returns are then presented to senior leadership for review. The 990 is also reviewed by an independent accounting firm before it is posted to a secure website to allow the board of directors to review prior to filing.”

“As part of the organization's annual monitoring & enforcement procedure relating to its conflict of interest policy, all conflict of interest questionnaires are reviewed by the vp of corporate compliance and those officers, directors, or key employees who do not return or fully complete the questionnaire are contacted to reconcile the omission. Restrictions on members with a conflict - members with a conflict are required to recuse themselves from any deliberation and must abstain from the vote.”

“Theatre at the center, inc. Does not make its governing documents or conflict of interest policy available to the public. In accordance with bond covenants, theatre at the center, inc. Through powers health makes its financial statements and disclosures available to the public through the emma database.”

“Other Contract Labor - Total Expense: 188357, Program Service Expense: 186955, Management and General Expenses: 1402, Fundraising Expenses: 0; CATERING - Total Expense: 627, Program Service Expense: 627, Management and General Expenses: 0, Fundraising Expenses: 0;”

“Transfers to / from related organizations - 1714633;”