Hollywood Arts Building Qalicb

“The organization's bylaws require that the board be comprised of directors, officers, or employees of the actors' fund of america, the qalicb's parent organization. In addition, for the first seven years of qalicb's existence, one board member is appointed by an unrelated third-party organization that helped facilitate the new market tax credit transaction.”

“The form 990 was prepared by an independent accounting firm in conjunction with the organization's financial and management teams. A copy of the draft form 990 was circulated to the full board of directors for discussion and comment. Each director was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“The qalicb has adopted the conflict of interest policy of its parent organization, the actors' fund of america. This policy requires the officers, trustees, and key employees to complete the conflict of interest policy form and sign on an annual basis at a minimum, and inform the organization when the conflict of interest circumstances arise. Form 990, part vi, section b, lines 13 & 14 the qalicb operates under the whistleblower and document retention policy of its parent organization, the actors' fund of america.”

“The qalicb's form 990 is made available to the public at its main place of business as indicated on the first page of the form 990, as well as at the offices of its parent organization, the actors' fund of america. In addition, the form 990 is made available on various public websites including irs.gov, guidestar and propublica. The organization's financial statements, governing documents and conflicts of interest policy are available upon request and at management's discretion.”