Celebration Productions Corporation

“Tax returns are shared with the board members for questions and comments before filing via electronic mail.”

“Prior to voting on a contract transaction or matter in which an actual conflict of interest is found to exist the Board or Committee will follow the procedures described in this section: a An interested person may make a presentation at the Board or Committee meeting but after the presentation he or she shall leave the meeting during the discussion of and the vote on the transaction or arrangement involving the possible conflict of interest. b The chairperson of the Board or Committee shall if appropriate appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c After exercising due diligence the Board or Committee shall determine whether the Corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest the Board or Committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interest for its own benefit and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether or not to enter into the transaction or agreement.”

“This is accomplished through reviews of compatible rates of compensation of other nonprofits and theatrical companies in the area.”

“Celebration Theatre”

“| Description:, Explanation:, Amount:| Form rounds cents and caused a difference of $2, rounding, $2|”

“| Explanation:| Celebration Productions Corporation contracts with a third party payroll service Austin Creative Alliance that runs our payrolls and pays our actors and production staff. Because the payroll runs through them the quarterly Federal and State payroll returns and W2s are filed under Austin Creative Alliances Tax ID#. We are considered a common law employer and are employer of record we hire and fire recruit and supervise control the workspace and bear the financial risk. We file Federal and State payroll returns and W2s for three administrative staff members under Celebration Productions Corporations Tax ID#. That is why we show only 3 employees under the number of W2s filed for 2024.”