Pittsburgh Entertainment Project

“The finance committee of the board is responsible for reviewing the form 990 before it is filed. The head of the finance committee is the vice president of investments for the pgh foundation (jonathan brelsford).”

“All board members are required to complete a "conflict of interest disclosure statement" annually. Where an actual or potential conflict exists between the interests of steeltown and an interested party with respect to a specific action, steeltown will refrain from the proposed action until this has been approved by the disinterested members of the board of directors using the following procedure: 1. Interested party will not participate in any way in the discussion or decision making with respect to the action. The interested party may answer questions or provide material factual information as requested only. 2. The disinterested members of the board will consider whether the terms of the action are fair and reasonable to the organization. 3. All disinterested members of the board will approve the action by vote of a majority of the directors in attendance at a meeting at which a quorum is present. An interested party may be counted for purposes of determining a quorum, but will not be counted for purposes of determining a majority vote. 4. The minutes of the meeting will reflect that the conflict disclosure was made, the vote taken and where applicable the abstention from voting participation by the interested party.”

“The board is responsible for setting the president and ceo's wages and for conducting annual performance reviews. The board sets wages (and annual increases) based upon review of the president and ceo's compensation of like organizations in the community. The president and ceo sets the wages and is responsible for annual performance reviews for other officers or key employees. The board oversees the process. There are formal contracts with each independent contractor.”

“The organization makes the conflict of interest policy and financial statements available to the public upon request. The governing documents are available upon request and the pittsburgh gives and guidestar website.”

“The organization has changed from a modified cash basis to an accrual basis method of accounting.”

“The board of directors assumes responsibility for oversight of the audit and selection of an independent accountant. The full board of directors also reviews and approves the form 990.”