Magic Valley Arts Council Inc.

“The executive director furnishes financial data to the tax return preparer. The treasurer then presents the draft return to the board of directors for approval and authorization of signature.”

“The magic valley arts council adheres to a conflict of interest policy that provides procedures for duty to disclose actual, potential, or preceived conflict; recusal from voting to avoid conflict; procedures for addressing a conflict of interest; and, for violations of the conflict policy. The policy provides a provision for creating and maintaining documentation of the records of proceedings regarding conflicts, and precludes directors from voting on matters of programs in which they may be compensated. An annual review of the policy is conducted by the board of directors with each director, principal officer and committee member affirming receipt and understanding of the policy.”

“The board of directors reviews the compensation policy annually and establishes and approves compensation for the executive director in advance of each fiscal year.”

“The board of directors oversees the executive director's management of compensation for other employees in advance of each fiscal year.”

“The board of directors maintains a policy of keeping governing documents, tax returns, and operational policies and procedures available for public review. The secretary, as custodian of such documents, has caused them to be available upon request during regular business hours at the office of the magic valley arts council.”

“VAIOUS ART PROGRAMS”

“Artist consignment expense 16,805 0 0 gallery events 9,191 0 0 art & soul events 45,714 0 0 thousand springs events 14,124 0 0 other event costs 4,249 0 0 membership events 2,457 0 0 artist consignment expense 10,320 0 0 fundraising collaboration 0 0 28,453 total 102,860 0 28,453”