Smuin Ballets-Sf

“FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL at the direction of the Managing Director. THE draft tax return is reviewed by the Managing Director and edits and modifications are presented to the tax return preparer. A final draft is then presented to the Audit Committee, which reviews the 990, recommends changes, and ultimately approves the document. THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY for their approval prior to filing. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.”

“Members the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.”

“Compensation of other high-level personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.”

“ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE they are AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN SAN FRANCISCO, CALIFORNIA.”

“Client Note 1 - Property and Equipment----------------------Property and equipment consist of the following at June 30, 2015 and 2014: 2015 2014 ----------- -----------Costumes $ 734,171 $ 708,290Theatrical property and equipment 727,266 703,182Furniture, office equipment and website 159,336 156,126Leasehold improvements 26,272 -Less: accumulated depreciation (1,541,511) (1,511,515) ----------- -----------Property and equipment, net $ 105,534 $ 56,083 ----------- -----------Depreciation expense amounted to $29,996 and $39,653 for the years ended June 30, 2015 and 2014, respectively.”

“back out bldg imp transfer = -$455162”

“Change in present value of receivables = $47302”

“LLC timing diff Dec 2019 v June 2019 = $10354”