Vero Beach Theatre Guild Inc.

“ORGANIZED WITH MEMBERS”

“The members elect the board of directors”

“Organization's process to review form 990: the board of directors shall have the responsibility for reviewing the organization's form 990 (including all pretinent schedules) before it is filed with the internal revenue service. A draft of the form 990 should be ready for review by the board of directors no later than one month prior to the filing deadline. After the draft of the form 990 has been obtained by the board of directors, they will have no more than two weeks to complete their review. In conducting their review of the form 990, the board of directors shall conduct a top-level or big-picture type of review. However, if the board of directors desires or deems it necessary to conduct a more detailed review of the form 990, then they should contact the preparer of the form 990 to request copies of the relevant detailed tax return workpapers, which they would like to see. Once the board of directors has completed its intital review of the form 990, and if requested, a meeting or conference call will be scheduled with the preparer of the form 990 to discuss any questions, comments and suggested revisions identified by the board of directors. The preparer of the form 990 should make any revisions to the form 990 as soon as feasibly possible to ensure that the form 990 is filed with the interal revenue service on a timely basis. All questions, comments, and suggested revisions set forth by the board of directors should be documented, along with any responses from the preparer of the form 990, if applicable.”

“Enforecement of conflicts policy: the filing organization enforces compliance with their conflict of interest policy by annually administering a conflict of interest questionnaire. All board members are required to annually review and complete the conflict of interest questionnaire to disclose any previously undisclosed conflicts of interest. Once identified, conflicts of interest are addressed as set forth in the organization's conflict of interest policy.”

“Compensation process for officers: the board of directors of the organization rely upon comparability data to determine and approve the compensation of the employees. The board of directors utilizes resources sycg as similarly situated exempt organizations in the are to benchmark pay along with marktet information from other exempt organizations and for- profit organizations to assess the competitiveness and reasonableness of the compensation. Once a decision has been made by the board of diretors, it is then voted upon for approval. Recusal of the individuals whose compensation if being determined is mandatory.”

“Governing documents disclosure explanation: the required organizational documents of the exempt organization will be available( for inspection or copying) at the organization's main office during normals business hours at no charge. The public inspection copy of the organization's form 990, will not include the schedule b names and address of contributors. The organization will make best efforts to ensure that the form 990 held at their main office is the most updated versions of such. When responding to a public inspection request for any organizational document or form 990 by anyone, the organization shall fulfill such request in a timely fashion without inquiring as to the reason for the public inspection request.”

“Bad debt 18,405 0 0 construction of sets 15,018 0 0 misc, expense 7,255 4,837 0 fundraising expenses 0 0 10,098 costumes 9,858 0 0 lighting and sound 8,503 0 0 telephone and internet 2,208 1,472 0 dues & subscriptions 0 1,302 0 licenses & permits 0 884 0 reimbursements 682 0 0 total 61,929 8,495 10,098”