Fresno International Grand Opera

“The president of the organzation, edward l fanucchi, is the father of director edward d fanucchi.”

“Prior executive director, mr. Ron eichman and prior assistant director, mr. Thi nguyen formed a "competing" entity [new win productions llc, 828 n hudson ave #10, los angeles, ca 90038] this business relationship began early in the 2011/2012 fiscal year and was terminated by the current executive director as of december 2014. It appears that this relationship had never been properly disclosed in prior form 990 filings, nor had an accounting been given to the board of directors. Although both mr. Eichman and mr. Nguyen remained key employees of the organization throughout the business relationship with new win productions llc, they managed the contracts of the organization exclusively.”

“Upon the transition of the executive director position, mr. Ron eichman and mr. Thi nguyen both paid themselves (purported backpay) in excess of $140,000, soon after a donor contributed $200,000 for the upcoming 2015 season. The payment to the prior employees occured while the organization had contntinually maintained a negative equity position and has severely contributed to the organization's current cash flow dilemma. Subsequent formal actions are pending.in addition, prior executive director mr. Ron eichman and prior assistant director, mr. Thi nguyen had previosuly formed a "competing" business entity [new win productions llc, 828 n hudson ave #10, los angeles, ca 90038]. This relationship began early in the 2011/2012 fiscal year and continued until this fiscal year. It appears that this relationship had never been properly disclosed in prior form 990 filings, nor had a proper accounting been given to the board of directors. This relationship also proved to be to the detriment of the organzation and was not properly disclosed with board members. This business relationship received funding while the organization had a negative equity position.during this fiscal year, prior unsecured advances from new win productions llc were repaid on a "priority"/insider basis, although the organization was suffering from a negative equity postion.”

“Prior to the transition of the executive directorship from mr. Ron eichman to mr. Matthew buckman, it was discovered that the board meeting minutes were incosistently notated and never presented to the board of directors for approval. Notated decisions apparently were also never ratified.in response to form 990, page 6, part vi, section b, lines 16a & 16b: ---------------------------------------------------------------------prior executive director, mr. Ron eichman and prior assistant director, mr. Thi nguyen formed a "competing" business entity [new win productions llc]. This relationship began early in the 2011/2012 fiscal year and continued until this fiscal year. It appears that this relationship had never been properly disclosed in prior form 990 filings, nor had an accounting been given to the board of directors. This relationship was terminated by the current executive director as of december 2014.”

“The current board of directors of the organization is presented with a final draft copy of the irs form 990 for their review and comment before it is electronically filed.”

“The organization discloses its financial data upon request during regular business hours and staffing. In addition, the organization provides its financial and management data to www.guidestar.org and the cultural data project.”

“Client Note 1 - THIS RETURN CONTAINS ESTIMATED AMOUNTS.”