Avalon Theatre Project Inc

“Board committees do not have the authority to act on behalf of the governing body (the board).”

“The federal form 990 is prepared by the outside tax preparer, cbiz, llp. The avalon's finance committee reviews and recommends approval of the draft form 990 to the full board of directors. The board of directors then reviews and approves the final draft form 990 prior to filing with the internal revenue service.”

“As outlined in the conflict of interest policy, a director or officer shall disclose a conflict of interest: (a) prior to voting on or otherwise discharging such person's duties with respect to any matter involving the conflict which comes before the board of directors or any committee; (b) prior to entering into any contract or transaction involving the conflict; (c) as soon as possible after the director or officer learns of the conflict; and (d) on the annual conflict of interest disclosure form. The board secretary shall distribute annually to all directors and officers, a form soliciting the disclosure of all conflicts of interest, including specific information concerning the terms of any contract or transaction with the avalon and whether the process for approval set forth. A director or officer who has or learns about a potential conflict of interest should disclose promptly to the board secretary the material facts surrounding any actual or potential conflict of interest, including specific information concerning the terms of any contract or transaction with the avalon. All efforts should be made to disclose any such contract or transaction and have it approved by the board of directors before the arrangement is entered into.”

“The board of directors annually reviews the executive director's compensation and makes determination of current year's compensation. There are no key employees per the irs guidelines.”

“The avalon's governing documents, conflict of interest, and financial statements are available to the public upon request.”

“Programming fees: program service expenses 87,241. Management and general expenses 458. Fundraising expenses 2,967. Total expenses 90,666. Other professional fees: program service expenses 54,888. Management and general expenses 288. Fundraising expenses 1,867. Total expenses 57,043. Consultants: program service expenses 52,474. Management and general expenses 276. Fundraising expenses 1,785. Total expenses 54,535. Payroll fees: program service expenses 5,560. Management and general expenses 29. Fundraising expenses 189. Total expenses 5,778. Honoraria: program service expenses 6,976. Management and general expenses 37. Fundraising expenses 237. Total expenses 7,250.”