Fiddlehead School

“The organization has one class of members. The only member of the organization is fiddlehead center for the arts, a maine nonprofit corporation recognized by the irs as an organization described in section 501(c)(3) of the code. There are no membership fees or dues.”

“The voting rights of the member include: a) the appointment of the greatest number of directors that constitutes a minority of the board (the "appointed directors"); b) the non-exclusive right to nominate individuals to serve as elected directors; c) the removal of any or all appointed directors; d) and the approval of a change of the number of directors constituting the board of directors within the limitations prescribed in the articles of incorporation”

“A copy of the completed draft form 990 is distributed to the board of directors for review and approval prior to filing. The board of directors has the chance to question or request changes to the form. After a final version of the form 990 is distributed to the board, the executive director will cause the form 990 to be filed as required.”

“Each director, officer, employee, and volunteer shall be provided with and asked to review a copy of the conflict of interest policy (the policy) and to acknowledge in writing that he or she has done so. The policy shall be reviewed annually by the board of directors. Any changes to the policy shall be communicated to all staff and volunteers.”

“At least annually, the board of directors (or a compensation committee) evaluates the executive director on her performance. The executive director's salary is set by board approval and based on comparability studies of similarly situated organizations. The board documents how it reached its decision, including the data on which it relied, in minutes of the meeting during which the compensation was approved.”

“No other officers or key employees”

“The organization makes its governing documents available to the public upon request.”

“Transactions with fiddlehead center fiddlehead art & science center (the "center), a maine nonprofit recognized by the irs as a 501(c)(3) organization, is the sole member of the school. The center is controlled by a separate and independent board of directors; however, the center has certain voting rights which include the right to appoint the greatest number of directors which constitutes a minority of the school's board. In addition, the school and the center both employ the same individual as executive director. The school has entered into a five (5) year lease agreement with the center. The rent expense for base rent amounted to 73,654 and related common area maintenance charges totaled 7,870 for the year ended june 30, 2015. The school and center occupy the same location and share a common space. As of june 30, 2015 the school has prepaid 16,730 of rent expense to the center.”