Crescent City Stage Co

“Two members of the Board of Directors are married to each other. The organization's board has policies in place to ensure transparency and mitigate potential conflicts of interest.”

“As per the organizational documents, all Board participants are considered members.”

“The Board has the power to elect new members.”

“Once the final draft of the 990 is prepared, it is first reviewed by outside tax counsel prior to being presented to the Treasurer of the Board for review. Upon successful review and any necessary changes, the 990 form is then reviewed and approved by the Executive Committee, followed by review and approval from the entire Governing Board. Once all approvals have been met, the return is filed accordingly with the IRS.”

“Conflicts of interest are handled according to the Board approved COI policy. The organization did not encounter any conflicts of interest this year.”

“The Governing Board, excluding any member with an interest in the Executive Director's compensation, conducts an annual review of compensation for the ED. The Board gathers comparability data from recent nonprofit salary surveys, IRS 990 disclosures of peer organizations, and regional compensation reports. Compensation recommendations are discussed, adjusted as needed, and approved in formal meetings. All decisions are documented in meeting minutes.”

“The organizations annual filing information can be found on Guidestar. All governance documents, including the conflict of interest policy and financial statements, are made available upon appropriate request.”

“A prior period adjustment of $3,600 was made to reconcile the organization's beginning and ending net assets as reported in Part XI with those reported in Part X. The adjustment accounts for immaterial discrepancies between internal records and previously filed balances. The organization will improve financial tracking in future years to avoid such adjustments.”