Form 990, Part III, Line 2: New Services |
See program description on Part III, Line 4d regarding merger with Houston Arts & Media. |
Form 990, Part III, Line 4d: Other Program Services Description |
OTHER PROGRAM SERVICES 4: On October 1, 2016 Houston Arts and Media (HAM) merged with The Heritage Society (THS). Through the merger THS now has the capability to produce both short and feature length documentary films about Houston and Texas history which are available for sale to the public and to school districts around the state and elsewhere. |
Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee |
The Executive Committee is comprised of the President, Vice President, Secretary, Treasurer and chairs of standing and special board committees. The Corporate by-laws allow the Executive Committee to act on behalf of the Board in between regular Board meetings. |
Form 990, Part VI, Line 11b: Form 990 Review Process |
The Form 990 is reviewed by the Executive Director, the Finance Committee, and the Executive Committee. A copy of the Form is provided to all Board Members prior to filing with the IRS. |
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
The Conflict of Interest policy is reviewed and discussed annually at the beginning of each fiscal year. All Board Members, staff and volunteers are required to confirm their compliance with the policy and disclose any conflict(s) of interest. Compliance with the policy is monitored by the Executive Director, Board committees, and self-monitored. |
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
The Executive Committee assembles documentation of compensation from comparable organizations. The Executive Director's compensation is determined by a review of this information along with a performance review. The compensation package is voted on by the governing board based on what the current budget will allow. |
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
Performance reviews are conducted annually for all employees. Compensation is based upon performance, qualifications, and the compensation levels reported by comparable organizations for comparable jobs and qualifications through non-profit sector surveys. |
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
Policies are made available upon request, and are kept in a binder in the Executive Director's office. The binder is updated annually, or as needed. The organization's audited and reviewed financial statements are made available to the public on the THS website. |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Fair value of aquired assets of Houston Arts & Media = $170132 |
Part XI, Line 9, Other changes in net assets |
ACQUISITION OF HOUSTON ARTS & MEDIAEffective October 1, 2016, the Board of Directors of Houston Arts & Media amended and restated its bylaws giving THS Board of Directors the exclusive right and power to elect, appoint, remove and replace the directors and officers of Houston Arts & Media and to amend its bylaws. The partnership between THS, which collects, preserves, exhibits, and celebrates the diverse history of the Houston region and Houston Arts & Media, which produces film, video, books, web content and other media projects that address themes in Texas and Houston, will fulfill their common missions of preserving the stories of the Houston region.No consideration was transferred as part of the acquisition, no liabilities were assumed, and no significant acquisition costs were incurred by THS. |