Cultureworks Greater Philadelphia

“The board may establish one (1) or more committees to consist of one (1) or more directors of the corporation and such other persons as described herein. Any committee, to the extent provided in the resolution of the board, shall have and may exercise all of the powers and authority of the board, except that a committee, including the executive committee, shall not have any power or authority as to the following: (a) the creation or filling of vacancies in the board; (b) the adoption, amendment, or repeal of the bylaws; (c) the amendment or repeal of any resolution of the board that by its terms is amendable or repealable only by the board; or (d) action on matters committed by the bylaws or a resolution of the board exclusively to another committee of the board. The executive committee shall be composed of the officers and may also include one (1) or more directors as determined by the board. The president shall serve as the chair of the executive committee. A meeting of the executive committee may be called at any time by the president upon five (5) days written notice. The executive committee shall be authorized to act for the board between its regular meetings; except as otherwise provided by these bylaws or by resolution of the board, the executive committee shall have and may exercise all of the powers and authority of the board in the management of the corporation, provided that the executive committee shall not have the power to take any action that is contrary to or a substantial departure from the direction established by the board.”

“Once the irs form 990 is prepared by independent accountants, it goes through three levels of review. Initially it is reviewed by the finance staff, and proceeds to executive staff and the full board. The draft of the 990 is sent by e-mail to the full board prior to its filing with the irs, and an appropriate amount of time is offered for comments/changes.”

“The board of directors maintains the conflict of interest policy and monitors potential conflicts. Each year, board members and co-executive directors complete a conflict of interest disclosure form. Any disclosed potential conflicts are evaluated and resolved by the board and senior staff. The minutes of the meetings record the affirmations and conflicts, should they arise. All bidding, rfp, contracting, and vendor procurement processes are conducted in compliance with the conflict of interest policy. The co-executive directors will review all conflict-of-interest statements completed and bring any conflicts disclosed to the attention of the board members.”

“The compensation of the co-executive directors, other officers and key employees is reviewed by cultureworks' board of directors. It is cultureworks accepted practice to benchmark salary and compensation rates and gather comparative market data provide from local and national service organizations. This data in addition to recommendations is reviewed by the board of directors. The most recent study was last completed in 2024. The deliberation and final decision are timely documented in the board minutes.”

“The organization makes its conflict of interest policy, governing documents, and financial statements available to the public by request only. 990s are publicly available at guidestar.com or by request.”