Dsm Management Group Inc

“A related organization, Broadway Dallas, Inc., reviews and approves the compensation for the top management official and other officers and key employees. In accordance with the IRS instructions, because these actions are taken by a related organization, the organization has answered Part VI, Lines 15a and 15b as "no". The actions taken by the related organization for the top management official include: THE INDEPENDENT BOARD'S COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF THE PRESIDENT/CEO'S COMPENSATION. THE REVIEW UTILIZES COMPARABILITY DATA AND IS DOCUMENTED IN THE COMMITTEE'S MEETING MINUTES. THE REVIEW AND APPROVAL WERE CONDUCTED DURING THE 2023 TAX YEAR. The actions taken by the related organization for other officers and key employees include: THE COMPENSATION OF THE SENIOR VICE PRESIDENT OF FINANCE AND THE OTHER OFFICERS OF THE ORGANIZATION IS REVIEWED ANNUALLY AND SET BY THE PRESIDENT UTILIZING COMPARABILITY DATA. THE INDEPENDENT BOARD REVIEWS AND APPROVES THE BUDGET WHICH INCLUDES THE SALARIES OF THE SENIOR VICE PRESIDENT OF FINANCE AND OTHER OFFICERS. APPROVAL OF THE BUDGET IS DOCUMENTED IN THE BOARD'S MEETING MINUTES. THE REVIEW AND APPROVAL WERE CONDUCTED DURING THE 2023 TAX YEAR.”

“Beginning october 31, 2017, the sole member of the organization is broadway dallas, inc.”

“Broadway dallas, inc. Has the power to nominate and remove all directors from the board and select or remove all officers of the organization.”

“As the sole member of the organization, broadway dallas, inc., has the following powers: (a) select and remove all officers, agents and employees of the corporation; prescribe any powers and duties for them that are consistent with the law, with the articles of incorporation, and with these bylaws; fix their compensation; and require from them security for faithful service. (b) nominate and remove all directors of the corporation, and prescribe any powers and duties from them that are consistent with the law, with the articles of incorporation, and with these bylaws. (c) borrow money and incur indebtedness on behalf of the corporation and cause to be executed and delivered for the corporation's purposes, in the corporation's name, promissory notes and other evidences of debt. (d) enter into lease agreements and/or operating agreements with the city of dallas and others for buildings and facilities or any portion thereof, all in a manner consistent (and as necessary) to satisfy all obligations as a landlord or landlord's agent or representative dealing in and with buildings and facilities owned by others. (e) determine and implement terms of admittance, charges for commercial and other space, charges for entertainment and food and beverages, which right shall specifically allow charging varying rates to different customers or groups of customers and allow in the exercise of reasonable and sound business judgment consistent with any required operating standards, to permit persons to occupy space at rates lower than published rates or free of charge or permit persons to utilize areas free of charge. (f) determine and implement all phases of advertising, promotion and publicity relating to all facilities for which the corporation is the manager, exclusive agent or operator. (g) determine and implement all employment policies including salaries, wages, fringe benefits and other compensation, the hiring and discharge of all employees and the establishment of any employer retirement or other benefit plans. (h) determine and implement all credit policies, including arrangements with credit card organizations. (i) receive, hold and disburse funds, maintain bank accounts, procure equipment, supplies and services. (j) engage independent contractors to provide legal, accounting or other professional or technical services in connection with the operation of the business of the corporation and/or any facility for which the corporation is the manager or exclusive agent. (k) manage and direct generally all activities incidental to the operation of the corporation in the ordinary course of business.”

“The form 990 is prepared by an outside independent accounting firm. Once prepared, the return is reviewed and approved by the organization's management. After their review, the return is provided to the broadway dallas audit committee before filing with the internal revenue service.”

“The organization emails an annual statement and conflict of interest policy to the full board of directors. The board is required to provide negative confirmation of any potential conflicts. If a conflict exists, they are discussed by the board to determine the significance. If a director is deemed to have a significant conflict, the director shall abstain from voting or resolve the conflict causing the loss of objectivity.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon written request.”

“OTHER PROGRAM SERVICE REVENUE - Total Revenue: 391624, Related or Exempt Function Revenue: 391624, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Broadway Dallas, Inc is the common pay master for all of its related entities, including DSM Management Group, Inc. All W-2s are filed by Broadway Dallas, Inc. with payroll expense allocations reported on DSM Management Group, Inc.”

“PERFORMANCE STAGEHANDS - Total Expense: 659102, Program Service Expense: 659102, Management and General Expenses: , Fundraising Expenses: ; SECURITY - Total Expense: 69922, Program Service Expense: 69922, Management and General Expenses: , Fundraising Expenses: ; OTHER PROFESSIONAL SVCS - Total Expense: 16061, Program Service Expense: 16061, Management and General Expenses: , Fundraising Expenses: ;”

“Due to their relationship, DSM Management Group relies on the Broadway Dallas executive committee to oversee the audit and selection of an independent accountant.”