Ordway Center for the Performing Arts

“A draft copy of the form 990 is reviewed by the board's finance committee. Comments received are reviewed and discussed with the cfo and corrections made if necessary. The finance committee performs a final review and accepts/approves the report on the behalf of the board of directors. A fully executed copy of the form 990 is electronically sent to all board members and reported on at the board's next meeting.”

“Each officer, director, manager or interested person (as defined in the ordway center conflict of interest policy) receives a copy of the ordway center's conflict of interest policy and signs a conflict of interest statement upon becoming an interested person of the ordway center. Each interested person is required annually to sign and provide a new conflict of interest questionnaire to the ordway center management. The questionnaires are reviewed by the ordway center governance committee members and ordway center management upon receipt. The ordway center management regularly reviews the ordway center transactions, agreements, contracts or relationships for any potential conflict of interest and discusses any actual or potential conflict of interest with the governance committee and/or the board of directors. The appropriate management members or directors address any potential conflict of interest immediately upon obtaining knowledge of any actual or potential conflict with such interested person. Board members, committee members, management and other decision makers are removed from any deliberation or decision making that presents a potential or is an actual conflict of interest. The board of directors and ordway center management seeks full transparency on all relationships and any potential conflicts of interest.”

“The president and ceo are under an employment contract where compensation has been established and approved by the board. The board determined the compensation through information from outside surveys and information, and through the use of an outside independent compensation consultant. Compensation is established and documented according to policies that meet the three requirements of the rebuttable presumptions provisions under treas. Reg. 53.4958-6. Form 990, part vi, section b, line 15b: ordway has a pay administration structure and program that establishes pay grades and ranges for all positions at the ordway, including officers and key employees that uses best practices for compensation through the expertise of an outside consultant with 30+ years' experience in compensation and non-profit clients. Once every 5 years ordway engages the consultant to re-benchmark and update the pay structure for all positions. On the alternating years we will update the structure for cpi with the assistance of the outside consultant.”

“If a request is made for this information, the organization will provide this information.”

“The employee retention credit is a refundable tax credit against certain employment taxes. The ordway reported this credit within government stimulus programs contributed income on its statement of activities of its audited financial statements and has been reported in form 990, part viii, line 11 as other income.”