Tapestry Folkdance Center

“Tapestry has about 150 members who pay $70/year and receive a discount on admission to dances.”

“Committees do not keep minutes, but they do not have authority to act on behalf of the governing body.”

“The Board of Directors reviews and evaluates the Form 990 prior to filing. A Board resolution approving the Minnesota Annual Report and the required attachment of the Form 990 and related schedules is required prior to filing.”

“The Board of Directors annually reviews for conflicts of interest. All Board members sign the conflict of interest statement annually.”

“Periodically, the Tapestry Board of Directors appoints an Executive Committee to (a) review market conditions surrounding compensation and benefits for the Executive Director position and (b) make recommendations on the findings commensurate with Tapestry's ability to pay. The Board of Directors, who are free of conflicts of interest with respect to the transaction, approve any proposed compensation arrangement tempered with its knowledge of organizational priorities and performance factors. In 2018 the Board of Directors contracted with Propel Nonprofits for strategic consulting. One of their recommendations was to change the Executice Director position from a 0.50 FTE to a 0.75 FTE. Before finalizing the new ED position, the Board reviewed the Minnesota Council of Nonprofits salary survey.”

“Bylaws and policies, including the conflict of interest policy, are available through the Tapestry website. The most recent Form 990 is available on the Tapestry website and is also available though Guidestar (now Candid). Financial information is also available through the Minnesota Attorney General's office.”

“Among the largest expenses incurred are artist fees. Tapestry paid performance fees of $51,414 to musicians, instructors, and callers, and an additional $7,466 for travel and hospitality expenses. Sound technicians were paid $3,400.”