Frieze Art Inc.

“Matthew slotover and amanda sharp, both directors of frieze art inc, are also co-publishers of "frieze" magazine,and co-owners of frieze publishing ltd, frieze publishing gmbh, frieze events ltd, and frieze events inc.”

“There were no formal meetings of the governing body. Frieze art inc matters are discussed at the monthly frieze events ltd executive meeting but minutes are not drawn up. Other communication is via email which is archived.”

“There were no formal meetings of any committees. Frieze art inc matters are discussed at the monthly frieze events ltd executive meeting but minutes are not drawn up. Other communication is via email which is archived.”

“The organization will have all the officers and board members review the 990 before it is filed.”

“Each director, principal officer and a member of a committee with governing board delegated powers annually signs a statement which affirms that the person: 1. Has received a copy of the conflicts of interest policy 2. Has read and understands the policy 3. Has agreed to comply with the policy, and 4. Understands that frieze art inc is a charitable organization and in order to maintain it's federal tax exemption it must engage primary in activities which accomplish one or more of it's tax-exempt purposes.”

“All governing documents, conflict of interest policy statements and financial statements are available upon request from the organization.”

“The tax return has been amended as a result of the organization having its financial statements audited. This audit resulted in changes to the balance sheet, revenues and expenses that were originally reported for both the current year and the prior year. The net result of the current year audit resulted in no change to net assets. But, there was a reallocation of income that affected both the balance sheet and revenue statements. Expense reporting also resulted in reclassifications in reporting of expenses. In addition, donated services of $3,544 has been disclosed on the reconciliation on schedule d, page 4, part xi. Also, some of the wording that describes the organization has been changed. Changes for the prior year agree with the amended tax return that has already been filed for that year.”

“Production fees: program service expenses 126,885. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,885. Talks program: program service expenses 15,751. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,751. Artists: program service expenses 23,391. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,391. Curator: program service expenses 27,765. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,765. Consultant fees: program service expenses 20,181. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,181.”