Sjc Cultural Events Inc

“Form 990 is distributed to all board members for review and approval prior to filing with the irs.”

“Annually, all board members, officers, management personnel, and key employees involved in initiating, authorizing, or approving transactions with related parties are required to sign a conflict-of-interest form. All related party transactions over $50,000 individually or cumulatively must be reviewed by the ceo or, upon conflict, the coo and the board president. If a board member or management personnel has a conflict of interest with a related party transaction, they must recuse themselves from all discussion and approval of the transaction.”

“The board of directors determined the ceo's compensation independently, using external market data provided by an hr consultant to ensure competitiveness and alignment with industry standards. The market analysis included benchmarking similar positions in comparable industries, organizations with similar revenue, geographic location and/or employee count. The analysis also included reviewing publicly available 990 filings of peer organizations. The cfo's compensation was determined by using a market analysis conducted by an hr consultant, which applied the same benchmarking methodology used for all other positions. Hr and the ceo jointly recommended the cfo's compensation based on market data. The board of directors approved the final compensation. Future salary adjustments (e.g. Merit increases, cola or job changes) are approved by the ceo in accordance with the organization's policies.”

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public, as it is not required by law.”

“Performers & promoters: program service expenses 27,392,951. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,392,951. Event contractors: program service expenses 176,568. Management and general expenses 0. Fundraising expenses 0. Total expenses 176,568. Retirement fees: program service expenses 3,682. Management and general expenses 4,139. Fundraising expenses 102. Total expenses 7,923.”

“Beginning net assets adjustment on initial form 990 filing -68,854.”

“The audit committee is responsible for assisting in the development, procurement, and compliance of an audit of the organization, ensuring that all individuals on the board of directors participate in any training necessary to keep their skills and expertise current and relevant, and reviewing and approving any significant changes to the organization's accounting practices. The chair of this committee is the board treasurer.”