Musicworks Inc.

“Board Members Tom Leever and Julie Leever are husband and wife.”

“The 990 is prepared by independent accountants, reviewed by management, presented to the board for review, proposed revisions and final approval.”

“Enforced as necessary. Whenever a director or officer has a financial or personal interest in any matter coming before the board of directors, the board shall ensure that: 1. The interest of such officer or director is fully disclosed to the board of directors. 2. No interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting of the board of directors at which such matter is voted upon. 3. Any transaction including a director or officer who has a financial or personal interest shall be duly approved in advance by members of the board of directors not so interested or connected as being in the best interests of the organization. 4. Payments to the interested officer or director shall be reasonable and shall not exceed fair market value. 5. The minutes of meetings at which such votes are taken shall record such disclosure, abstention, and rationale for approval.”

“The organization is still in its formative stage. One board member, Tom Leveer, is responsible for executive director duties and also serves as board chair and board treasurer. Mr. Leveer is not compensated for any of his duties at MusicWorks.”

“Forms 1023 and 990 are available on the guidestar's websiteand upon request.”

“Governing documents and reviewed financial statements are available upon request.”

“In May 2017, MusicWorks was incorporated and obtained its own tax-exempt status. In October 2017, restricted net assets held by the Asheville Symphony Society for MusicWorks were transferred so MusicWorks could begin its own independent operations. Asheville Symphony Society continues to provide management and technical assistance to MusicWorks after the separation.(Also see Part III, Line 4b)”