Las Best

“Form 990 is reviewed and approved by the finance committee prior to submission. A copy is then provided to each board member.”

“Each trustee, principal officer and member of a commitee with board powers shall annually sign a disclosure statement which affirms that they (a) have recieved a copy of the conflict of interest policy (b) has read and understood it (c)is in agreement with the policy and (d) understands that the organization is a charitable organization and that in order to maintain its tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. In addtion, each signatory must notify the organization should any potential conflict arise subsequent to the signing of the disclosure statement for a given year and shall file a revised disclosure statement noting the details of any such conflict.”

“President and CEOs compensation is determined by a compensation committee within the board of directors who make use of a salary survey study or comparable postitions of responsibility in similar sized organizations.”

“Controllers salary is based on estimated market value for services for similar sized organizations.”

“Governing documents are available for public inspection at the Administrative office of the organization in Los Angeles at the address on the front of this return.”

“Board Staff Development = $130,944 Total Exp; $122,582 Program and $8,362 ManagementCommunications = $30,405 Total Exp all of which is ManagementEquipment and Equipment Rental = $12,158 Total Expense, all ProgramFacility = 80,203 Total Expense, all managementMiscellaneous = $443 Total Exp, all managementNutrition = $7,125 Total Expense, all of which is programPerforming/Visual Arts = $190,105 Total Exp; all ProgramScience and Literacy = $37,435 Total Exp; All ProgramUnfulfilled Pledges $21,350 Total Expense, all program”