American Youth Symphony Inc

“Directors david newman and krystyna newman are husband and wife. Directors herb gelfand and beverly gelfand are husband and wife.”

“The completed form 990 is reviewed by the treasurer prior to filing. In addition, the treasurer distributes the form 990 electronically to all board members prior to filing.”

“Each board member, executive director, and member of a committee with governing board-delegated powers shall annually sign a statement that affirms such person a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands american youth symphony is a non profit and in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

“The policy on the process for reviewing the compensation structure of american youth symphony employees applies to the compensation of the following persons employed by the organization: executive director the process includes all of these elements: (1) review and approval by the board of directors, or executive director (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping. 1. Review and approval. The compensation of the person is reviewed and approved by the board of directors, or executive director provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2. Use of data as to comparable compensation. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified, persons in functionally comparable positions at similarly situated organizations. 3. Contemporaneous documentation and recordkeeping. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“The state of california posts the ays 990 on guidestar as part of the regular course of business. Hard or electronic copies of the 990 are available upon request. The tax-exempt letter from the irs, and other ays governing documents, are available from ays upon request.”

“Other than the executive director, the organization has no other compensated officers or key employees.”

“The board of directors is responsible for the oversight of the audit, review of the financial statements, and selection of an independent accountant.”