Sarasota Music Conservatory Inc

“Lena cambis and sean o'neil - family relationship”

“The treasurer will review a draft copy of the form 990 before it is filed.”

“Prior to a board meeting involving a conflict, the interested person shall disclose all material facts to the board if in attendance, or to the president who will disclose the facts to the board, if not in attendance. The interested person shall not participate nor hear the board's discussion of the matter nor exert personal influence with respect to the matter, either at or outside the meeting. The interested person shall not be counted in determining the presence of a quorum, may not vote and may not be present in the meeting when the vote is taken. The interested person's ineligibility to vote shall be reflected in the minutes of the meeting. Each new board member shall be required to review the policy and acknowledge in writing that he/she has done so. Annually each board member will complete a disclosure form identifying any relationships and/or conflicts. The policy shall be reviewed annually by each board member and any changes to the policy shall be communicated immediately to all board members.”

“All of the organization's governing documents are available in our giving partner profile on the community foundation of sarasota county ince website. The organization's governing documents, conflict of interest policy and internally-prepared financial statements are also available upon request.”

“Prof/musicians: program service expenses 121,145. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,145. Administrator fee: program service expenses 0. Management and general expenses 3,690. Fundraising expenses 0. Total expenses 3,690.”

“Accrual to cash conversion 12,940.”

“For 2022, the organization is filing its form 990 using the cash method of accounting. In prior years, the organization filed its form 990 on the accrual basis. The change is being made since the organization now keeps its books and records on the cash basis. Since its inception, the organization has not had any taxable income or deductions and therefore has not adopted a method of accounting for federal income tax purposes. Since an adoption of a method for federal income tax purposes has never been made, the organization is not required to request a change in accounting method with the irs by filing form 3115.”