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FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE MANAGEMENT TEAM AND THE AUDIT COMMITTEE, APPROVED BY THE EXECUTIVE COMMITTEE AND REPORTED TO THE FULL BOARD OF DIRECTORS BEFORE THE 990 IS FILED WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS MONITORS THIS POLICY THROUGH THE EXECUTIVE, AUDIT AND NOMINATIONS COMMITTEES. THE POLICY IS MONITORED AT THE STAFF LEVEL THROUGH THE DIRECTOR LEVEL. IF ANY IMPLICATIONS ARISE THAT A CONFLICT MAY BE PRESENT IT IS ADDRESSED ACCORDING TO POLICY. PRIMARILY, THE FIRST STEP IS THROUGH DISCLOSURE OF RELATIONSHIPS. |
FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD REVIEWS THE MUSEUM'S BUDGET, THE SKILLS OF THE APPLICANT, STRATEGIC NEEDS AND PREVIOUS SALARY HISTORY TO DETERMINE COMPENSATION LEVEL OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR DETERMINES THE SALARIES OF THE DEPARTMENT HEADS BASED ON ANNUAL SURVEY RESULTS OF VA ASSOCIATION OF MUSEUMS AND THE AMERICAN ASSOCIATION OF MUSEUMS AS WELL AS SALARY HISTORY AND STRATEGIC NEEDS. |
FORM 990, PART VI, SECTION C, LINE 19 | THE MUSEUM'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. |
FORM 990, PART XII, LINE 2C | THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. |
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