Ascend Performing Arts Inc

“Our Treasurer provided bookkeeping services at a steeply discounted price to the organization for 1 and 1/2 months of this short fiscal year.”

“The Board of Directors is sent a preliminary copy of the 990 return with the opportunity to discuss any potential questions before filing. Even after the return has been submitted, Board of Directors members are given the opportunity to request the return to be amended, if necessary.”

“Board members are required to disclose any conflict of interest before voting on issues before the Board. On the issues on which the Board has voted, none involved potential conflicts of interest.”

“Periodically, the Governance Committee of the Board of Directors reviews compensation data of similar organizations and data on the compensation from the Colorado Nonprofit Association to submit for review by the Board of Directors, the salary of the CEO. No other officers are compensated. All Board positions are voluntary. Salary of the office staff and contract personnel are determined by program directors and subject to the approval of the CEO of the organization.”

“The organization's tax filing information is available on Guidestar”

“All governing and conflict of interest documents and financial statements are available upon request.”

“Section 513(a)(1) provides that, if substantially all work involved in the gaming activity is performed by volunteers, the income, regardless of the type of game being played, will not be income from a trade or business and is not taxable income. Because of the use of volunteers to run bingo games for Ascend and because of this federal code, Ascend does not have taxable income from an unrelated business and will not be filing Form 990T.”

“Program-related expenses are for the private contractors who are educators, choreographers, and staff who drive for the transportation program as well as cooks, retail merchandise team, and administrative staff who ensure a safe 10-week summer tour for the drum and bugle corps ensemble and for the winter percussion program. Expenses for management are for staff and judges who adjudicate at our competitive events and for our contracted employee organization.”

“Other expenses include event production expenses (not including advertising, DCI contract fees, judges, and staff pay), equipment expenses, food costs, board development expenses, dues and subscriptions, membership services expenses, recruiting expenses, exhibitor fees and bad debt and uncategorized expenses.”

“This represents accrued revenue and decrease in secured mortgages and notes payable to unrelated third parties.”