Grand Performances

“The board of directors may, by a majority vote of directors, designate two (2) or more of its members (who may also be serving as officers of this corporation) to constitute an executive committee and delegate to such committee any of the powers and authority of the board in the management of the business and affairs of the corporation, except with respect to: (a) the filling of vacancies on the board or on any committee which has the authority of the board. (b) the fixing of compensation of the directors for serving on the board or on any committee. (c) the amendment or repeal of bylaws or the adoption of new bylaws. (d) the amendment or repeal or any resolution of the board which by its express terms is not so amendable or repealable. (e) the appointment of committees of the board or the members thereof. (f) the expenditure of corporate funds to support a nominee for director after there are more people nominated for director than can be elected. (g) the approval of any transaction to which this corporation is a party and in which one or more of the directors has a material financial interest, except as expressly provided in section 5233(d)(3) of the california nonprofit public benefit corporation law. By a majority vote of its member then in office, the board may at any time revoke or modify any or all of the authority so delegated, increase or decrease but no below two (2) the number of its members, and fill vacancies therein from the members of the board. The committee shall keep regular minutes of its proceedings, cause them to be filed with the corporate records, and report the same to the board from time to time as the board may require.”

“Articles of incorporation were amended in january 2015. Article two of the articles of incorporation of the organization was amended to read as follows: this corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the nonprofit public benefit corporation law for charitable purposes. The specific purpose for which this corporation is organized is to commission, produce and present performing arts and related programs, and such other activities associated with this purpose as permitted by law.”

“The form 990 is distributed to all board members. The executive director reviews and signs the form 990 on behalf of the board.”

“Each director, officer and member of a committee with board-delegated powers was asked to sign a statement annually which affirms that he or she- a. Has received a copy of the conflict of interest policy, b. Has read the conflict of interest policy, c. Has agreed to comply with the policy, d. Understands that grand performances is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes, e. And which sets forth any financial interests or business relationships of such person which might be a conflict of interest. The executive director and the board determine if there is any actual conflict of interest. Any individual who is involved in a potential conflict of interest is not allowed to vote on any matters related with the conflict of interest.”

“Part vi, section b, question 15: as part of the annual budget review process, the board of directors reviews and approves compensation of officers. At the end of 2014, the executive director and the board agreed to reducing his time on the job to 80% and that his salary would reflect that adjustment, with no adjustment for cost of living.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Management has considered its tax positions and believes all of the positions taken by the organization are more likely than not to be sustained upon examination. There was no liability for uncertain tax positions.”

“Other accounting services: program service expenses 4,718. Management and general expenses 5,098. Fundraising expenses 691. Total expenses 10,507. Other accounting services: program service expenses 0. Management and general expenses 13,800. Fundraising expenses 0. Total expenses 13,800. Artist fees and other facilities expenses: program service expenses 480. Management and general expenses 0. Fundraising expenses 0. Total expenses 480. Artist and performer - non salaried: program service expenses 183,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 183,100. Production costs - program: program service expenses 82,414. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,414. Equipment rental: program service expenses 52,142. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,142. Catering and hospitality: program service expenses 16,273. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,273. Repairs and maintenance: program service expenses 7,188. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,188. Cost of goods sold : program service expenses -501. Management and general expenses 0. Fundraising expenses 0. Total expenses -501. Cost of sales : program service expenses -479. Management and general expenses 0. Fundraising expenses 0. Total expenses -479.”

“No change from prior year”