Playful People Productions

“The organization was founded by Barbara Galiotto and Katie D'Arcey, mother and daughter. Barbara Galiotto serves on the Board and Katie is the Artistic Director and a paid employee.”

“The Form 990 is prepared by an independent CPA firm and reviewed by the Executive Director, the Operations Director and the Treasurer (Board Official). The final Form 990 is sent to the entire board for review and approval prior to filing the Form 990.”

“A conflict-of-interest disclosure statement is annually sent to board members to disclose any conflicts, and the statements are reviewed by the board.”

“When hiring the Executive Director and the Operations Director, the Board of Directors created a subcommittee comprised of people independent of the management of PPP that compiled data on executive compensation and reviewed this data. The subcommittee then made a recommendation to the board on the level of compensation for the Executive Director and the Operations Director. The board reviewed the recommendation, deliberated, and then made the compensation decision. This deliberation was documented contemporaneously in the board minutes. No other officers or key employees were hired during the fiscal year. The same process described would be used to hire other key positions.”

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“In the Fiscal Year ending August 31, 2024, the accounting method for Playful People Productions was changed from cash to accrual. This change was discussed and approved by top management and the board of directors prior to the start of the fiscal year. Our budget is built around our season and fiscal year activities, but we consistently had expenses and income that did not match the calendar dates of our fiscal year. Thus, cash accounting was giving inaccurate metrics year over year. The accrual method better aligns to the way our income and expenses need to be reported and tracked. However, due to this change, the financial statement for FY 23/24 shows a net loss that is skewed. We have a net revenue of $42,500 that was accounted for in our FY 22/23 tax return (using cash basis) for programs that would have been attributed to FY 23/24 financials (using accrual basis), plus $78,338 in deferred revenues and $34,807 in prepaid expenses that will be reported in next years financial statements & tax return.”