Marin Symphony Association

“In accordance with common practice in the nonprofit community, the Board delegates certain matters to The Executive Committee, which is empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full board. The composition of executive committee includes certain members of the Board.”

“Stacy Scott, a Board Member, is the owner of Stacy Scott Catering which was utilized for catering services at one of the Association's events during the fiscal year ended June 30, 2015 at terms favorable to the Association.”

“Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management, a member of the board of directors, and the executivedirector. This group of individuals then discusses the contents of the return withthe outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

“Members of 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 RAFAEL, CALIFORNIA.”

“Client Note 1 - Investments-----------Investments consist of the following at June 30, 2014 and 2013: 2014 2013 -------------------- -------------------- Market Market Cost Value Cost Value ------- ------- ------- -------Cash equivalents $ 1,930 1,930 24,701 24,701Mutual funds 315,997 356,375 298,361 344,210Equities 250,215 252,583 - - ------- -------- ------- -------Totals $ 568,142 610,888 414,760 368,911 ------- ------- ------- -------During the years ended June 30, 2014 and 2013, earnings on investments were reinvested into the same or new investments. Investment income amounted to $813 and $12,522 for the years ended June 30, 2014 and 2013, respectively. Realized and unrealized gains are reflected on the statements of activities and changes in net assets and amounted to $50,613 and $45,850 for the years ended June 30, 2014 and 2013, respectively.Property and Equipment----------------------Property and equipment consist of the following at June 30, 2014 and 2013: 2014 2013 ------- -------Furniture and fixtures $ 55,892 55,892Orchestra equipment 19,923 19,923Less: accumulated depreciation -71,547 -69,676 ------- -------Property and equipment, net $ 4,268 6,139 ------- -------Depreciation expense amounted to $1,871 and $1,650 for the years ended June 30, 2014 and 2013, respectively.”

“OTHER PROGRAM SERVICES 4: Symphony@Schools is an innovative outreach program intended to bring symphonic music into the schools and students into the concert hall. It is designed to challenge and train all levels of young people in musical awareness. To pique the students' interest, Symphony@Schools offers performances by symphony musicians, meetings with the conductor, and complimentary tickets to Marin Symphony performances.”