Phoenix Symphony Association

“Members consist of those persons and entities who, during the previous twelve months, contributed to the association, for current expenditure, a sum of no less than $100.00. The various classifications of membership shall be determined by the board from time to time.”

“Members meet annually for the purpose of election of the officers of the board of directors and for the transaction of such other business as may properly come before the meeting.”

“The treasurer reviews the 990 before the 990 is filed.”

“When a board member is appointed an orientation is provided. A conflict of interest statement is provided to the member and is required to sign a statement whether he/she has a conflict of interest. If a transaction or arrangement involving any board member with a direct or indirect financial interest occurs, the board member must recuse themselves from any involvement including a vote of the transaction or arrangement.”

“The ceo's compensation is determined by the board using information from the league of american symphony orchestras plus input from local employment agencies. The board chair conducts a performance review annually. The date of the most recent ceo review was in december of 2016. The executive employee salaries are determined at the discretion of the ceo and are based on industry standards for the position plus performance reviews, which are performed annually.”

“The articles of incorporation, bylaws, conflict of interest policy, audited financial statements, and public copies of the 990 are available to the public upon request.”

“Guest artist and conductor fees: program service expenses 1,023,058. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,023,058. Professional/consulting fees: program service expenses 284,167. Management and general expenses 27,151. Fundraising expenses 128,321. Total expenses 439,639.”

“The prior period adjustment relates to a correction to the balance of promises to give as of june 30, 2017.”