Des Moines Arts Festival Inc

“A draft of the form 990 is provided to the executive committee for review and approval prior to submission to the irs. After approval by the executive committee, the return is then forwarded to the organization's board of directors.”

“Each director, principal officer, and member of a committee with board- delegated powers shall annually sign a statement which affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes, and does not have any financial interests or fiduciary responsibilities, other than the interests or fiduciary responsibilities disclosed. After disclosure of the financial interest or fiduciary responsibility and all material facts, and after any discussion with the interested person, he or she shall leave the board or committee meeting while the final determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The chair of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. An interested person shall not actively participate in the discussion of, or vote on, the transaction or arrangement that results in the conflict of interest. In addition, the interested person should not be counted in determining whether a quorum is present for the board or committee meeting at which the transaction or arrangement that results in the conflict of interest is to be voted upon.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request. The documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

“Part ix, line 24a the entity uses a third party payroll provider and all w-2's are reported using payroll company's employer identification number. The following is included in this number. Officer compensation: 181,150 other salaries and wages: 182,016 pension plan accruals and contributions: 6,575 other employee benefits: 17,943 payroll taxes: 25,807”