Seafair Inc

“Prior to submission, a draft form 990 is emailed to all board members.”

“At the first board meeting of each year, the conflict of interest policy is distributed and reviewed by each board member. Each board member is required to sign and return the policy.”

“Salary and benefit package of the president is compared to ifea compensation survey and to similar ceo compensation in the puget sound region. The executive committee reviews and determines compensation of president and any key employees.”

“The executive committee reviews and determines compensation of top officials.”

“Governing documents, conflict of interest policy, and financial statements are available for inspection at the organization's office upon request.”

“Seafair is a ten-week long summer festival that includes eight signature events and over 30 other sanctioned events that reach more than 2 million people. We bring the community together through a series of event that appeal to a wide range of ages and cultures. Events include seattle summer 4th which is seattle's citywide 4th of july celebration, including music and games and seattle's only professionally produced fireworks show, a triathlon, milk carton boat races for all ages, the torchlight parade and torchlight run in downtown seattle and seafair weekend festival. The seafair weekend festival has entertainment and activities on and above lake washington that include hydroplane races and wakeboarding as well as an airshow. Other entertainment at the festival includes music and exhibitor and food booths and a children's activity area. The festival allows the seattle area's residents and visitors to come together to share and appreciate all the diverse cultures showcased at the various seafair events.”

“Tent and booths 151,259 0 0 security 147,247 0 0 equipment rental 130,949 0 0 transportation 113,023 0 0 business and property tax 0 107,755 0 electrical.cable/web 94,198 0 0 clean up and sanitation 93,406 0 0 contracted event cost 91,410 0 0 fencing 83,755 0 0 food and beverage 67,689 5,252 0 hospitality catering cost 64,831 0 0 sound 55,784 0 0 tv production 52,057 0 0 signage 49,536 0 0 venue use and rent 43,640 0 0 taxes on admissions 42,898 0 0 communication 28,779 0 0 barricades 27,193 0 0 award/prizes/gifts 21,923 0 0 merchandise purchase 21,735 0 0 production material 10,439 0 0 fuel/oil 8,824 0 0 labor fees 8,579 0 0 credit card fees 0 8,511 0 enviromental supplies 8,478 0 0 site decoration 8,230 0 0 staff recognition 0 6,461 0 human resources 0 3,006 0 board of directors 0 2,071 0 volunteer recognition 1,836 0 0 donations/contributions 0 1,310 0 medical aid 750 0 0 bank and finance 0 324 0 safety and rescue 183 0 0 maint & repair - office 0 100 0 indirect cost allocation 875,256 -1,055,060 179,804 foundation reimbursement -39,421 -27,410 -8,100 total 2,264,466 -947,680 171,704”