Musiclink Foundation

“Description AmountOther income 1,092”

“Activity Total Grants Amount 1,452”

“Description AmountConferences and meetings 1,613Insurance 2,947Fundraising expenses 2,891Office supplies 454Program services 19,550Miscellaneous 97”

“Category Beginning of Year End of YearMusical Instruments 13,352 10,352”

“1. The Board shall have general power to terminate the relationship with any student, teacher, or organization at will.2. The Chairman/President shall preside at all meetings of the Board; in the absence of the Chairman/President, the Secretary shall serve in the interim as Chairman. 3. In the absence of the Chairman/President at any Board meeting, the Secretary will serve as Chairman. 4. The Chairman/President shall preside over the Board and carry out such other duties as the Board prescribes, by written resolution, for the head of the organization. The Chairman/President shall conceive and formulate policies and activities and submit to the full Board for discussion, amendment and approval in the form of operational decisions. In consultation with the Board, the Chairman/President will be the Officer in charge of the Corporations external affairs. He or she shall perform such other duties as are necessarily incident to the office of Chairman/President. 5. Except as herein provided in Article XI, any person who performs the duties of a Director or Officer in accordance with the above shall have no liability based upon any failure or alleged failure to discharge that persons obligations as a Director, including, without limitation of the following, any actions or omissions which exceed or defeat a public or charitable purpose to which the Corporation, or assets held by it, are dedicated. 6. To the fullest extent permitted by law, the Corporation shall indemnify its Directors and Officers against all expenses, judgments, fines, settlements, and other amounts actually and reasonably incurred by them in connection with any proceeding, and including any action by or in the right of the Corporation by reason of the fact that the person performed all the duties of a Director or Officer of the Corporation. 7. In the event of the dissolution of the Corporation, the assets shall be applied and distributed as follows:All liabilities and obligations shall be paid, satisfied and discharged, or adequate provision shall be made therefore. Assets not held upon a condition requiring return, or conveyance to any other organization or individual shall be distributed, transferred, or conveyed in trust or otherwise, to charitable and educational organizations, organized under Section 501( c) (3) of the Internal Revenue Code of 1986, as amended, of a similar or like nature to this organization, as determined by the Board of Directors by written resolution. All Directors of the Corporation shall be deemed to have expressly consented and agreed that upon such dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary, the assets of the Corporation then remaining in the hands of the Board shall be distributed, transferred, conveyed, delivered, and paid over to such eleemosynary institutions (i) which are organized and operated for purposes substantially similar to those of the Corporation, and (ii) which qualify as exempt organizations within Section 501 C(3) of the Code, and upon such terms and conditions and in such amounts and proportions as the Board may impose and determine by written resolution, to be used by such eleemosynary institutions receiving the same for such similar or kindred purposes as are set forth in the Certificate of Incorporation and any and all amendments thereto.”