Hope Center for the Arts

“The organization's ceo and team perform a detailed review of the form 990, and then the form 990 was presented to the board members for review and comment. A complete copy of the form 990 is provided to the entire voting board before being e-filed with the irs.”

“All officers, directors and key employees are covered persons under hope center for the arts' conflict of interest policy. Each covered person annually signs a statement which affirms that they (1) have received a copy of the conflicts of interest policy. (2) have read and understands the policy. (3) agree to comply with the policy, and (4)understand the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflicts of interest, the covered person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she should leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members decide if a conflict of interest exists. The covered person may make a presentation at the governing board or committee meeting, but after the presentation, they must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee will if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The corporation must not be a party to any transaction in which one or more of its directors or officers has a financial interest unless: (a) the corporation enters into the transaction for its own benefit; (b) the transaction is fair and reasonable to the corporation at the time the transaction is entered into; (c)prior to consummating the transaction or any part thereof, the board authorizes or approves the transaction in good faith, by a vote of a majority of directors then in office (without counting the vote of the interested directors), and with knowledge of the material facts concerning the transaction and the interested director's or officer's financial interest in the transaction; and (d) prior to authorizing or approving the transaction, the board considers and in good faith determines after reasonable investigation that the corporation could not obtain a more advantageous arrangement with reasonable effort under the circumstances. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action. To ensure that the corporation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews are conducted. The periodic reviews, at a minimum, include the following subjects: (a) whether compensation arrangements and benefits are reasonable and are the result of arm's-length bargaining. (b) whether partnerships, joint ventures, and arrangements with management organizations conform to written policies, are properly recorded, reflect reasonable investments or payments for goods and services, further the corporation's charitable purposes and do not result inurnment in impermissible private benefit, or excess benefit transactions.”

“Governing documents, conflict of interest policy, and financial statements are available upon request. However, there is no process for making these available to the public.”

“Payroll services: program service expenses 2,057. Management and general expenses 514. Fundraising expenses 0. Total expenses 2,571. Temporary services: program service expenses 1,000. Management and general expenses 250. Fundraising expenses 0. Total expenses 1,250. Other consultant/contractor: program service expenses 66,000. Management and general expenses 16,500. Fundraising expenses 0. Total expenses 82,500.”