Art 180 Inc.

“Form 990 is distributed via email to members of the board of directors for review prior to filing with the irs.”

“The organization reviews the disclosures annually and takes the appropriate actions if necessary should a conflict arise.”

“The executive committee of the board of directors performs the annual review and evaluation of the executive director. The executive committee decides on compensation increases for the executive director with assistance from external market data and predetermined goals and objectives.”

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

“Program leaders and assistants: program service expenses 107,823. Management and general expenses 0. Fundraising expenses 0. Total expenses 107,823. Training: program service expenses 1,391. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,391. Coaching and consulting: program service expenses 100,283. Management and general expenses 466. Fundraising expenses 0. Total expenses 100,749.”

“Change from modified cash method to accrual method of accounting 326,505. Rounding 2.”

“In order to provide a more meaningful presentation of its financial results, art 180 changed its overall basis of acounting in 2017 from the modified cash basis to the accrual basis of accounting. The change in accounting method resulted in an increase of net assets at december 31, 2017 of $326,505.”

“Rounding differences accounted for a $2 increase in net assets in 2017.”

“Total contributions for robins foundation, virginia commission for the arts, and national endowment for the arts include irc section 481(a) adjustments of $320,000, $3,470 and $20,000, respectively. The section 481(a) adjustments are for donations receivable as of december 31, 2016, which were not recognized as support in the prior year's form 990 as the organization was using the modified cash method at the time. The receivables are also not included in support in the current year form 990, which recognizes revenue and support under the accrual method. The receivables are therefore included in the current year schedule b totals in order to provide a more complete presentation of the organization's support.”