Cultural Data Project

“The form 990 is prepared by an independent accounting firm and then provided to all board members prior to filing with the internal revenue service.”

“The conflict of interest policy is provided to all employees upon hire and all board members upon election. Employees with decision making authority and all board members are required to disclose potential conflicts of interest annually. If a particular conflict were to arise, it would be disclosed and addressed by the board immediately.”

“The executive committee consulted comparative regional and national compensation data when determining the compensation of the ceo and interim ceo. The deliberation and final decision were timely documented. Form 990, part vi, section b, line 15b: for other employees, the organization consulted and benchmarked against comparative salary data for nonprofit organizations using the greater philadelphia cultural alliance annual salary survey. The board approved and the deliberation and final decision were timely documented.”

“Upon request, the organization will make its governing documents, conflict of interest policy, and financial statements available to the public.”

“This is the final return for the filing entity, a copy of the certificate of merger is attached to this filing. The effective date of the merger was august 8, 2018 and all programmatic and financial activity within the filing entity ceased as of august 7, 2018. Due to the pennsylvania state filing requirement to complete an audit for the period january 1, 2018 through august 7, 2018 the organization was undergoing wind-down activity related to the audit through the remainder of the 2018 calendar year; as such the final form 990 is being filed for the year january 1, 2018 through december 31, 2018.”

“The organization merged with southern methodist university (smu), a 501(c)(3) public charity. The effective date of the merger was august 7, 2018 and all programmatic activity ceased within this entity effective on that date. The charitable programs of cultural data project will continue at smu; the exempt purpose of cultural data project to continue on after the merger as a part of smu. See the form 990, page 1, box b narrative on schedule o.”

“Transfer of assets due to merger -2,418,675.”