The Articulate Foundation

“Utilizing financial records approved by the treasurer, the arts advance president works with an independent accountant to complete a draft 990 that is submitted to the full board for review prior to filing.”

“The conflicts of interest policy establishes a) procedures for the disclosure of financial interests by each director and principal officer, and b) procedures by which the governing board addresses any such disclosures. Each director and principal officer must annually sign a statement affirming receipt of the policy and the agreement to comply. The policy outlines the duty of disclosure, steps for determining if a conflict of interest exists, procedures for addressing a potential conflict of interest, and guidelines for the written documentation of these activities. The policy also calls for the periodic review of partnerships, joint ventures, and other financial relationships, as well as compensation/benefits arrangements, to ensure conformity to written policies.”

“The organization's board makes periodic review of compensation arrangements and benefits to determine if they are reasonable, based on competent local and field-wide survey information, and the result of arm's length bargaining.”

“Governing documents, conflict of interest policy and financial statements are available upon request.”

“2017 form 990 is being amended for changes to the financial statements of the organization. The 2017 financial statements were audited after the 2017 form 990 was originally filed. Changes to the financials are indicated on the following parts of the return: form 990 part iii, statement of program service accomplishments form 990, part iv, checklist of required schedules, lines 11f & 12a form 990 part viii, statement of revenue form 990, part ix, statement of functional expenses form 990, part x, balance sheet form 990, part xi, reconciliation of net assets form 990, part xii, financial statements and reporting, lines 2b and 2c additionally, the organization is updating several qualitative aspects of the 2017 form 990 to improve the transparency and accuracy of the return. Narratives were amended in the following parts of the return: form 990, part i, line 1 form 990 part iii, line 1 and 4a-4c form 990, part vii section b, lines 11a, 12c and 15a. Form 990, part viii, section c, line 19 as a result of amendments to form 990, the following schedules were also amended or added as appropriate: schedule a schedule b schedule d schedule l schedule o”