| Form 990-EZ, General Explanation.3 |
|
Article 6. Section 1: The Board may, by a majority vote of its members, designate an Executive Committee consisting of the Officers and two Board members and may delegate to such committee the powers and authority of the Board in the management of the business and affairs of the corporation, to the extent permitted, and except as may otherwise be provided, by provisions of law. By a majority vote of its members, the Board may at any time revoke or modify any or all of the Executive Committee authority so delegated, increase or decrease but not below two (2) the number of the members of the Executive Committee, and fill vacancies on the Executive Committee from the members of the Board. The Executive 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.Article 6. Section 3: The Board will select, with or without compensation, an Artistic Director (who may or may not be a member of the Board) who will head a committee to select artists for the coming year and make all arrangements for their compensation, travel, lodging, and education outreach participation. The Board will also select from its membership 2 or 3 persons as members of the Artist Selection Committee. The Artistic Director is not an elected position, thus not an officer of the Board. The Committee will operate under a budget agreed upon at the Annual Meeting. The budget will specifically state the apportionment of funds allotted for artist fees, travel, lodging, and education outreach.Article 7. Section 1: The Board, except as otherwise provided in these Bylaws, may by resolution authorize any officer or agent of the corporation to enter into any contract or execute and deliver any instrument in the name of and on behalf of the corporation, and such authority may be general or confined to specific instances. Unless so authorized, no officer, agent, or employee shall have any power or authority to bind the corporation by any contract or engagement or to pledge its credit or to render it liable monetarily for any purpose or in any amount.Article 7. Section 2: Except as otherwise specifically determined by resolution of the Board, or as otherwise required by law, checks, drafts, promissory notes, orders for the payment of money, and other evidence of indebtedness of the corporation shall be signed by such officer or officers, agent or agents of the Board and in such manner as shall from time to time be determined by resolution of the Board.Article 7. Section 3: All funds of the corporation shall be deposited from time to time to the credit of the corporation in such banks, trust companies, or other depositories as the Board may select.Article 7. Section 4: The Board may accept on behalf of the corporation any contribution, gift, bequest, or devise for the nonprofit purposes of this corporation.Article 9 Section 1: No substantial part of the activities of this corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation [except as otherwise provided by Section 501(h) of the Internal Revenue Code], and this corporation shall not participate in, or intervene in (including the publishing or distribution of statements), any political campaign on behalf of, or in opposition to, any candidate for public office.Notwithstanding any other provisions of these Bylaws, this corporation shall not carry on any activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, or (b) by a corporation, contributions to which are deductible under Section 170(c)(2) of the Internal Revenue Code. Article 9 Section 2: No part of the net earnings of this corporation shall inure to the benefit of, or be distributable to, its members, directors or trustees, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes of this corporation.Article 9 Section 3: Upon the dissolution of this corporation, its assets remaining after payment, or provision for payment, of all debts and liabilities of this corporation shall be distributed for one or more exempt purposes within the meaning of Section 510(c)(3) of the Internal Revenue Code or shall be distributed to the federal government, or to a state or local government, for a public purpose. Such distribution shall be made in accordance with all applicable provisions of the laws of this state.Article 9 Section 4: In any taxable year in which this corporation is a private foundation as described in Section 509(a) of the Internal Revenue Code, the corporation 1) shall distribute its income for said period at such time and manner as not to subject it to tax under Section 4942 of the Internal Revenue Code; 2) shall not engage in any act of self-dealing as defined in Section 4941(d) of the Internal Revenue Code; 3) shall not retain any excess business holdings as defined in Section 4943(c) of the Internal Revenue Code; 4) shall not make any investments in such manner as to subject the corporation to tax under Section 4944 of the Internal Revenue Code; and 5) shall not make any taxable expenditures as defined in Section 4945(d) of the Internal Revenue Code. |
| Form 990-EZ, General Explanation.2 |
Part V Line 34 change to organization documents: |
The ByLaws of Corrales Cultural Arts Council were significantly modified. A summary of the ByLaws changed follows:Article 3. Section 2: The specific objectives and purposes of this corporation shall be:a)To bring performances of professional quality to the Village of Corrales at an affordable cost to audiences,b)To promote musical performances and music education in the Albuquerque metropolitan area and surrounding communities, through musical education outreach activities in public and private schools at minimal or no cost to the schools,c)To promote all of the arts as they may affect the primary objective of music performances.Article 4. Section 1: The corporation shall have no fewer than seven (7) and no more than twenty one (21) directors and collectively they shall be known as the Board.Article 4. Section 2: Directors shall be of the age of majority in this state. Other qualifications for directors of this corporation shall be as follows:Board positions shall be filled by people with a dedication to the promotion of musical performances who have specific talents or experience, such as musical knowledge, performance experience, fund raising ability, arts administration, public relations, etc., who are willing to work to achieve the objectives of the organization. They shall be nominated by a standing director, who will become the candidate director's sponsor, and who will provide the Board with background information regarding the candidate's qualifications including a statement from the candidate in support of his/her nomination. The Board will conduct an election at the earliest monthly meeting following the nomination of the potential new director.Directors shall attend at least half of the Board's regularly scheduled meetings each year, including the annual meeting, normally held during the summer. If a Director misses three (3) consecutive meetings without evidence of extenuating circumstances (death or illness), he/she may be asked to resign from the Board, subject to a majority vote by the directors at the earliest monthly meeting following the infraction.Directors may request temporary leaves of absence (several months to a year) when work, illness, family illness, or other volunteer commitments conflict with their duties as directors, subject to approval of the Board. Reinstatement at the conclusion of the leave of absence is subject to Board approval and availability of a director position. A position is not guaranteed upon re-application.Article 4. Section 3: Subject to the provisions of the laws of this state and any limitations in the Articles of Incorporation and these Bylaws relating to action required or permitted to be taken or approved by the members, if any, of this corporation, the activities and affairs of this corporation shall be conducted and all corporate powers shall be exercised by or under the direction of the Board.Article 4. Section 4: It shall be the duty of the directors to:(a) Perform any and all duties imposed on them collectively or individually by law, by the Articles of Incorporation, or by these Bylaws;(b)Appoint and remove, employ and discharge, and, except as otherwise provided in these Bylaws, prescribe the duties and fix the compensation, if any, of all officers, agents and employees of the corporation;(c)Supervise all officers, agents and employees of the corporation to assure that their duties are performed properly;(d)Meet at such times and places as required by these Bylaws;(e)Register their addresses, and telephone contacts with the Secretary of the corporation, and notices of meetings mailed, e-mailed or faxed to them at such addresses shall be valid notices thereof.(f)Participate as needed in volunteer activities required in support of the Specific Objectives and Purposes of the organization, including program selection, fund raising, and education outreach.(g)Support the organization financially either through direct contributions, fund raising, or donation of in-kind services of material benefit to the organization.Article 4. Section 8: Regular meetings of Board shall be held monthly between September and April.The Annual Meeting shall be held at the conclusion of the concert season and prior to September 1 at a time and place to be designated by the officers of the Board. At the Annual Meeting, the newly nominated slate of officers and renewal of the term of standing directors shall be approved by majority vote. The Board will review and approve the budget for the coming seasonArticle 4. Section 8: A quorum shall consist of a majority of the members of the Board.Except as otherwise provided under the Articles of Incorporation, these Bylaws, or provisions of law, no business shall be considered by the board at any meeting at which the required quorum is not present, and the only motion which the Chair shall entertain at such meeting is a motion to adjourn.Article 4. Section 12: Every act or decision done or made by a majority of the directors present at a meeting duly held at which a quorum is present is the act of the Board, unless the Articles of Incorporation, these Bylaws, or provisions of law require a greater percentage or different voting rules for approval of a matter by the Board.Article 5. Section 1: The officers of the corporation shall be a President, a Vice President, a Secretary, and a Treasurer. The corporation may also have one or more Vice Presidents, Assistant Secretaries, Assistant Treasurers, and other such officers with such titles as may be determined from time to time by the Board.Article 5. Section 6:(a) The President shall be the chief executive officer of the corporation and shall in general supervise and control all of the business and affairs of the corporation. (b)The President shall preside at all meetings of the Board. (c)President shall present at each annual meeting of the Board a report of the condition of the business of the corporation. (d)President shall cause to be called regular and special meetings of the directors in accordance with the requirements of the law and these Bylaws. (e)President shall sign and execute all contracts in the name of the corporation, all deeds, mortgages, bonds, contracts, notes, drafts, or other orders for the payment of money, or other instruments which the Board have authorized to be executed, except in cases where the signing and execution of shall be expressly delegated by the Board or by these Bylaws to some other officer or agent of the corporation, or shall be required by law to be otherwise signed or executed. (f)President shall cause all books reports, statements, and certificates to be properly kept and filed as required by law. (g)The President shall enforce these Bylaws and perform all the duties incident to the office of the President and which are required by law, and, generally, perform all duties incident to the office of President and such other duties as may be prescribed by the Board from time to time. Article 5. Section 7: In the absence of the President, or in the event of his or her inability or refusal to act, the Vice President shall perform all the duties of the President, and when so acting shall have all the powers of, and be subject to all the restrictions on, the President. The Vice President shall have other powers and perform such other duties as may be prescribed by law, by the Articles of Incorporation, or by these Bylaws, or as may be prescribed by the Board.Article 5. Section 8: The Secretary shall keep the minutes of the meetings of the Board in the appropriate books.(b)The Secretary shall attend to the giving of notice of special meetings of the Board. (c)The Secretary shall be the custodian of the record and seal of the corporation and shall affix the seal to corporate papers when required.(d)The Secretary shall attest the execution of instruments on behalf of the corporation by a proper officer thereof, and he shall affix the corporate seal to such instruments on behalf of the corporation.(e)The Secretary shall attend to all correspondence and present to the Board at its meetings all official communications received by him.(f)The Secretary shall in general perform all duties incident of the office of Secretary and such other duties as from time to time may be assigned to him by the President or by the Board. Article 5. Section 9:(a)The Treasurer shall have the care and custody of and be responsible for all the funds and securities in the name of the coronation in such banks, trust companies or other depositaries as shall be designated by the Board. (b)The Treasurer shall receive and give receipt for, monies due and payable to the corporation from any source whatsoever. (c)The Treasurer shall disburse, or cause to be disbursed, the funds of the corporation as may be directed by the Board, taking proper vouchers for such disbursements. (d) The Treasurer shall keep accurate books of account of all its business and transactions and shall at all reasonable hours exhibit books |
| Form 990-EZ, General Explanation.1 |
IRS Form 990-EZ Line 17 |
IThe IRS Form 990EZ does not reflect total expenses by function. Line 17 Total Expenses' functional classifications are as follows:Program $63,757Management & General 4,421Fundraising 292Total $68,470 |
| Form 990-EZ, Part I, Line 16.8 |
Other Expenses.8 |
Licenses and fees $10 |
| Form 990-EZ, Part I, Line 16.7 |
Other Expenses.7 |
Board expenses $90 |
| Form 990-EZ, Part I, Line 16.6 |
Other Expenses.6 |
Telephone $250 |
| Form 990-EZ, Part I, Line 16.5 |
Other Expenses.5 |
Supplies $452 |
| Form 990-EZ, Part I, Line 16.3 |
Other Expenses.3 |
Program brochures $2916 |
| Form 990-EZ, Part I, Line 16.1 |
Other Expenses.1 |
Equipment rental & mainteance $6114 |
| Form 990-EZ, Part I, Line 16.1012 |
Other Expenses.1012 |
Insurance $1764 |
| Form 990-EZ, Part I, Line 16.1009 |
Other Expenses.1009 |
Depreciation $1257 |
| Form 990-EZ, Part I, Line 16.1005 |
Other Expenses.1005 |
Travel $2533 |
| Form 990-EZ, Part I, Line 16.1003 |
Other Expenses.1003 |
Information Technology $586 |
| Form 990-EZ, Part I, Line 16.1002 |
Other Expenses.1002 |
Office Expenses $814 |
| Form 990-EZ, Part I, Line 16.1001 |
Other Expenses.1001 |
Advertising and Promotion $6269 |