Macphail Center for Music

“The executive committee shall have as its members the chairperson, the past-chairperson, the vice chairperson(s), the treasurer, the secretary, the chairpersons of the standing committees and up to four (4) additional directors selected by the chairperson in consultation with the governance committee and approved by the board. All members of the executive committee shall be directors. Each executive committee member who is an officer or chairperson of a standing committee shall serve on the executive committee for a term coterminous with his or her term as such officer or committee chairperson. Each member of the executive committee who is not an officer or chairperson of a standing committee shall serve a one (1) year term, unless some other term is specified in the approving resolution. Executive committee members shall be eligible for reappointment to serve consecutive terms.”

“The board finance chair and other members of the finance committee will review the form 990 with representatives from the organization's public accounting firm and the organization's cfo. The full board of directors will receive the public inspection copy of the return before the may 2019 board meeting. Copies of schedule b will be made available for the board to review. The board finance chair will present the form 990 to the board at the may 2019 board meeting for review. The board will vote to approve filing the return.”

“Annually at the beginning of the fiscal year, conflict of interest statement forms are completed by board members and senior management. Individuals with potential conflicts of interest must disclose all material facts to the board or senior management, who without the interested individual will determine if a conflict exists. The conflicted individual will not participate in the discussion to determine if a conflict exists, nor vote on the transaction if a conflict is determined to exist. All proceedings related to conflicts are documented in the meeting minutes including the disclosure and the individual's ineligibility to vote.”

“When setting compensation for the organization's officers and key employees, the human resources committee utilizes input by independent persons, uses appropriate comparability data and conducts contemporaneous substantiation of the process. The process was last undertaken during the fiscal year covered by this return for the ceo, kyle carpenter, the president/coo, paul babcock, the vp/cfo, brian braden, and the vp of development, jackie peterson.”

“The organization makes its governing documents, conflict of interest policy and the financial statements available to the public upon request.”

“Change in value of trust -1,406. Change in assets held for resale 35,000.”