Smuin Ballet

“Form 990 is prepared by an outside tax professional at the direction of the managingdirector. The draft tax return is reviewed by the managing director and edits andmodifications are presented to the tax return preparer. A final draft is thenpresented to the audit committee, which reviews the 990, recommends changes, andultimately approves the document. The final version of the tax return is providedto 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-filedwith the internal revenue service.”

“The Chair of the Trustee Committee annually circulates the conflict of interest policy along with a conflict of interest form to fill out. The Chair then monitors and enforces compliance.”

“The Managing Director consults various compensation survey compilations for non-profit performing arts and, specifically, for dance companies to determine the range of salaries for top management positions for organizations our size and our citys economic levels. Upon determining whether we are at median or above, adjustments are made. Cost of living for the year is another factor in determining the level of increase. The Managing Director consults with the Personnel Committee of the Board who ultimately approves the salary levels for all employees which are then incorporated into the budgeting process. A joint Finance and Personnel Committee meeting is held annually before the budget is taken to the entire board for approval.”

“The Managing Director consults various compensation survey compilations for non-profit performing arts and, specifically, for dance companies to determine the range of salaries for top management positions for organizations our size and our citys economic levels. Upon determining whether we are at median or above, adjustments are made. Cost of living for the year is another factor in determining the level of increase. The Managing Director consults with the Personnel Committee of the Board who ultimately approves the salary levels for all employees which are then incorporated into the budgeting process. A joint Finance and Personnel Committee meeting is held annually before the budget is taken to the entire board for approval.”

“Upon request and also on guidestar.com”

“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) andare also available for a physical inspection at the organization's office in sanfrancisco, california.”

“Bad debt = -$33000”