Brevard Music Center Inc

“There shall be an executive committee of the board of trustees consisting of the officers of the board, the president, and chairs of the standing committees. The executive committee shall have and exercise the powers of the board of trustees in the management of the business and officers of the center between the meetings of the board, or to the extent and for such period or periods of time as the board of trustees may provide by resolution duly adopted by a majority of the trustees in office. A simple majority (including always the chair, or in the chair's absence the chair-elect, past-chair or acting-chair), shall constitute a quorum of the executive committee for transaction of business.”

“One organization has the power to appoint one board member. The president of brevard music center association shall serve in an ex-officio capacity as he or she is from time to time elected by his/her respective organization.”

“The audit committee has been provided the form 990. The audit committee has convened a meeting to review the form 990, which management and dixon hughes goodman, llc presented an overview of the form 990. The form 990 has been provided via email to all board members prior to filing. The committee recommends the board approve the form 990 prepared by dixon hughes goodman, llc for brevard music center.”

“All trustees, officers and employees are required to disclose any conflicts of interest or potential conflicts of interest annually and to affirm that they have read the conflict of interest policy. Any individual who has potential conflict of interest is required to recuse himself from taking part in any decision where that conflict exists.”

“The compensation and personel committee of the board of trustees reviews and sets compensation annually for the president and other officers. Comparative salary data is attained from a third-party reporting agancy and the organization's compensation levels are benchmarked against the closest comparative industry, company size, and employee position.”

“The organization makes its most recently filed form 990 available to the public upon request. Additionally, recent filings of the form 990 are available online at www.guidestar.org.”

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

“Brevard music center, a summer institute and festival, teaches gifted young musicians to prepare and perform great musical works at a high artistic level.”

“Purchased services: program service expenses 7,885. Management and general expenses 15,745. Fundraising expenses 332. Total expenses 23,962. Professional fees: program service expenses 949,649. Management and general expenses 130,700. Fundraising expenses 0. Total expenses 1,080,349. Contract services: program service expenses 374,276. Management and general expenses 0. Fundraising expenses 0. Total expenses 374,276.”

“Change in value of split interest -149,277.”

“The process has not changed from the prior year.”