Santa Barbara Opera Association

“The executive director and accountant review the 990 and then present to the board for review and approval prior to filing.”

“A director or committee member who serves as a director, trustee, officer, staff member, consultant or in a similar capacity to an organization that is currently providing funds to the organization, or is providing goods or services to the organization, or is receiving financial support from the organization or has some other direct tangible financial relationship with the organization shall includesuch information on a form that the organization will collect annually, and shall provide updated information to the president as circumstances change.in addition, if any immediate family member of a director or committeemember also serves in a similar capacity for an organization of the typedescribed above, such director or committee member shall include suchinformation on his or her annual reporting form and any updates.the president shall annually prepare, and circulate to the entire board ofdirectors, a list of affiliations of board members with outside organizations that may create conflicts. Unless otherwise notified, the president may assume that past affiliations are continuing.a copy of this conflict of interest policy shall be furnished to each current director and committee members. All new directors and committee members shall be advised of this policy upon undertaking the duties of such office. This policy shall be reviewed annually or as requested by the president.”

“Executive director's compensation was determined several years ago by using comparable data from other organizations. No increases have been received in the past three years, and the amount when determined upon hiring was approved by the board of directors.”

“990 and governing documents are available upon request by calling the office during business hours.”

“No documents available to the public.”

“Change in value of perpetual trust = -$75850”