Watertower Theatre Inc

“The director of finance and accounting, the managing director and board treasurer review the return before it is presented to the board of directors prior to filing the return.”

“Each board officer and director is required to sign the conflict of interest disclosure annually. Every director or officer with any personal interest in a contract or transaction between the organization and that person must disclose all material facts concerning the transaction, including all potential personal benefit and potential conflicts of interest, to the other directors of the board or other group authorizing the transaction. The transaction must be approved by a majority of the unitererested directors or other group with the authority to authorize the transaction or contract. The employment agreement between its managing director and the theater contains specific language mandating that any perceived or potential conflicts of interest that he may have must be reported immediately to the board of directors. There is also a conflict of interest policy in the employee hr manual that covers all employeesof the theatre.”

“The board of directors determine the managing and artistic directors salaries based upon performance and reasonable increases in cost of living. The tcg s salary survey is used as a guide for the salary ranges. The managing and artistic directors compensation packages were last reviewed in february 2023 as part of the process of hiring the(now former)managing director. Other management salaries are determined by the managing director and are based on performance and tenure.”

“The board of directors determine the managing and artistic directors salaries based upon performance and reasonable increases in cost of living. The tcg s salary survey is used as a guide for the salary ranges. The managing and artistic directors compensation packages were last reviewed in december 2024 as part of the process of hiring the(now former)managing director. Other management salaries are determined by the managing director and are based on performance and tenure.”

“The theatre has a personnel committee that establishes compensation based upon performance and comparisons of salaries paid at similiar organizations in the region. Deliberations and decisions are documented.”

“The theatre s form 990 is available upon request. The organizational documents and conflict of interest policy are available upon request to the director of finance and administration.”

“Other SG&A - Production expenses”