The Arts Alliance is a nonprofit organization, designated a 501(c)3 charity by the IRS as of September 25, 2006. It’s tax identification number is 26-0638491.
The Arts Alliance is adamant about following best practices in fiscal oversight and developed its Financial Policies & Procedures to guide the board and staff. The Arts Alliance’s full board receives financial reports (balance sheet, profit and loss statement and cash flow projection) at each of its meetings. A Financial Audit or Review is conducted and the board reviews, adjusts and recommends the it and IRS 990 for adoption (documents are made public). The business manager is responsible for financial record-keeping.