South Arts Inc.

“The 990 is reviewed by the finance committee. The finance committee chairman will present the form 990 to the board of directors for discussion and approval.”

“Each new board or staff member is required to review a copy of the conflict of interest policy and to acknowledge in writing that he or she has done so. All board and staff members annually complete a disclosure form identifying any relationships, positions, or circumstances in which they are involved that they believe could contribute to a conflict of interest arising. Such relationships, positions or circumstances might include service as a director of or consultant/contractor to a not-for-profit organization, or ownership of a business that might provide goods or services to south arts, inc. Any such information regarding business interests of a board or staff member or their immediate family member shall be treated as confidential and shall generally be made available only to the chair, the executive director and any committee appointed to address conflicts of interest, except to the extent additional disclosure is necessary in connection with the implementation of this policy. This policy is reviewed annually by each member of the board of directors. Any changes to this policy shall be communicated immediately to all board and staff.”

“The annual performance appraisal of the executive director is performed by the executive committee of the board. Salary adjustments or increases are made at the time of an annual performance appraisal and are based on the approved budget. South arts, inc. Conducts annual performance appraisals of all of its employees. The annual review occurs in january with a formal written review as well as a discussion between employee and supervisor that also may include the executive director. The purpose of the performance appraisal is to assess how well an employee is fulfilling position responsibilities, explore their contribution to the overall south arts mission and goals as part of the staff team, and discuss professional goals for the upcoming year. Salary adjustments or increases are made at the time of an annual performance appraisal and are based on the approved budget.”

“The governing and other documents are available upon request, through the annual report and through guidestar.”

“Recovery of bad debt expense 8,431.”

“No changes in the process of auditor selection, nor oversight and review of audited financial statements took place during the fiscal year.”