SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
PROPRIETORS PORTSMOUTH ATHENAEUM
 
Employer identification number

02-0245312
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 THE PORTSMOUTH ATHENAUEM HAS MEMBERS KNOWN AS PROPRIETORS WHOSE ANNUAL DUES UNDERWRITE THE COSTS OF MAINTANING THE COLLECTIONS MAKING THEM ACCESSIBLE.
FORM 990, PART VI, SECTION A, LINE 7A THE PORTSMOUTH ATHENAEUM IS GOVERNED BY VOLUNTEER OFFICERS AND DIRECTORS ELECTED BY THE PROPRIETORS.
FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BY-LAWS AS WELL AS THE ELECTIONS OF OFFICERS AND BOARD MEMBERS ARE SUBJECT TO APPROVAL BY THE PROPRIETORS.
FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER REVIEWS THE 990 WITH THE BOARD PRESIDENT AND PROVIDES AN ELECTRONIC COPY TO EACH BOARD MEMBER. THE TREASURER WILL REVIEW THE 990 AT THAT MEETING AND REQUEST BOARD APPROVAL PRIOR TO FILING THE FORM.
FORM 990, PART VI, SECTION B, LINE 12C THE KEEPER OF THE ATHENAEUM REVIEWS AND APPROVES INVOICES AND THE TREASURER REVIEWS AND SIGNS ALL CHECKS. AS PART OF THIS PROCESS, THE KEEPER AND TREASURER ASCERTAIN WHETHER A TRANSACTION HAS TAKEN PLACE WITH A BOARD MEMBER THAT VIOLATES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND TAKES APPROPRIATE ACTION IN ACCORDANCE WITH THE ORGANIZATION'S POLICY.
FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE REVIEWS ALL PROPOSED PAY INCREASES FOR STAFF AND MAKES A RECOMMENDATION TO THE BUDGET COMMITTEE. THE BUDGET COMMITTEE SENDS THE BUDGET TO THE BOARD FOR APPROVAL. AS PART OF THIS PROCESS, THE PERSONNEL COMMITTEE COMPARES AND CONSIDERS WAGE AND SALARY INFORMATION FOR SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS IN DETERMINING SALARIES AND WAGES OF STAFF TO INSURE THEY ARE CONSISTENT WITH THE MARKET.
FORM 990, PART VI, SECTION C, LINE 19 THE BY-LAWS OF THE ATHENAEUM, INCLUDING THE CONFLICT OF INTEREST POLICY, ARE ON THE "ABOUT US" PAGE OF OUR WEBSITE. FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG AND UPON REQUEST.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

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