Arts Schools Network

“The corporation shall have an executive committee, which shall consist of the officers of the corporation. The executive committee shall have and exercise the authority of the board of directors in the management of the corporation between meetings of the board, but only to the extent provided for by resolution of the board of directors, and except as expressly limited by the district of columbia non-profit corporation act.”

“The form 990 is reviewed by the board of directors prior to filing.”

“Conflicts of interest are monitored through annual disclosure by the board of directors. All employees, officers, and directors are covered under the organization's conflict of interest policy. All designated employees are required to annually disclose potential conflicts, as well as when they arise. Monitoring is performed regularly by the officers to identify potential conflicts of interest. The board or designated committee reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. Any questions of a conflict are addressed with the designated employee, who is required to disclose the existence of any material financial interest and be afforded the opportunity to disclose all material facts to the board. The board votes on the most beneficial option for the organization. If the board has reason to believe an interested person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action. If a conflict of interest is identified, the organization will not enter into any contract or transaction in which a designated employee has a material interest. All deliberation and decisions are recorded in meeting minutes. For conflicts that may arise the interested board member does not vote on the related matters.”

“The process for determining compensation of the organization's managing director includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The process described here was last completed in 2022.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Keynote speaker: program service expenses 25,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,500. All other fees for services: program service expenses 19,650. Management and general expenses 12,138. Fundraising expenses 0. Total expenses 31,788. Reach/contractual exp: program service expenses 112,104. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,104.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”