Ascend Performing Arts Inc.

“The form 990 is emailed to members of the Board of Directors for review and questions. Board members are also given financial updates with regard to the profit and loss statement and balance sheet at each Board of Directors meeting.”

“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. Additionally, none of the vendors associated with products or services purchased by the organization are connected to any Board members.”

“Periodically, the Governance Committee of the Board of Directors reviews compensation data of similar organizations and data on 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 set by program directors and subject to approval by the CEO of the organization.”

“The organization's information is available for view on Guidestar.”

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

“This return was amended to include 3 members of the Board of Directors who were not shown on the original return due to an oversight. No other changes were made to this return.”

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

“Expenses replaced by in-kind contributions, event production expenses (not including advertising, DCI contract fees, judges, or staff pay), equipment expenses, food expenses, board development expenses, dues and subscriptions, membership service expenses, exhibitor fees and job listing expenses.”

“The depreciation schedule was adjusted due to incorrect entries on the Income Tax Year 2022-23 books.”