Inner-City Arts

“The audit committee reviews and approves first. The finance committee reviews after the audit committee. After audit and finance committees approval, the 990 is distributed to the full board prior to filing.”

“The governance committee of the board of directors is responsible for monitoring and enforcing compliance with the corporation's conflict of interest policy. Conflict of interest questionnaires and disclosure statements are to be completed and compiled annually. The director of operations ensures all board members complete the disclosure statements. The statements are then reviewed by the governance committee. The current policy also calls for additional disclosures, should they occur during the course of the year, to be made by directors, officers and key employees, to either the chair of the board, chair of the governance committee or the ceo of the organization. In addition, the governance committee requires a conflict of interest disclosure, in the application, from any individual being considered for appointment to the board of directors. If a conflict should arise, the board must then approve the transaction by a majority vote of the directors then in office, without counting the vote of any directors who may have conflict of interest to the transaction under consideration.”

“The compensation committee establishes and recommends salaries to the executive committee. The executive committee approves the salaries of the officers (ceo and cfo) of the organization; the process for determining compensation includes a review of the comparability data (such as, salary survey among nonprofits) and contemporaneous substantiation of the decision independently, without the participation of interested persons.”

“Inner-city arts' audited financial statements, conflict of interest policy and governing documents are available to the public upon request.”

“In the 2020-2021 school years, service shifted significantly as inner-city arts pivoted to meet community needs during a time of civil unrest and a global pandemic. We continued to partner with a city school district while extending our reach to districts outside of the traditional commuting distance. All programs were made available utilizing multiple virtual learning platforms and learning management systems. When the world was on lockdown, inner-city arts focused on making the arts and creativity available to all who could access the services. The innate nature of the arts to encourage processing of the environment and one's emotions became an intentional focus creating opportunities for students, educators, parents, and guardians to make sense and, in some cases, escape to global issues. During this time, inner-city arts recommitted to the arts as a tool for transformation (and healing) highlighted in the core objectives across all programs of social and emotional learning, 21st- century skills, art skills, and mental wellbeing.”

“The process has not changed from the prior year.”