Return Reference | Explanation |
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Form 990 governing body review Part VI line 11 | Management submits a draft of the Internal Revenue Service 990 Form to the Board of Trustees for initial review and comments. The Finance committee of the Board reviews the 990 and after any changes are made recommendations are made to the full Board to accept it. Any comments or questions are discussed with the Board Treasurer and Chief Financial Officer. |
Conflict of interest policy compliance Part VI line 12c | Annually, Grounds For Sculpture requires all officers and Trustees to complete a conflict of interest statement which is designed to disclose any actual or potential conflicts of interests, including material affiliations and direct or indirect relationships. These statements are reviewed to ascertain that no material conflicts exist. All Board members are required to sign and submit a conflict of interest statement. |
CEO executive director top management comp Part VI line 15a | An independent Human Resources consulting firm prepares a salary survey for the Executive Director as well as all director and manager level and other key staff members with salary ranges bases on job titles and descriptions and are compared to similar type organizations for functionally comparable positions. Wage adjustments are budgeted and recommended for all employees by the department managers. The budgeted wage adjustments for all positions are reviewed and approved by a compensation committee comprised of members of the Board of Trustees. |
Other officer or key employee compensation Part VI line 15b | An independent Human Resources consulting firm prepares a salary survey for other key employees of the organization. This is compared to the suggested payroll increases recommended by department directors and incorporated into the annual budget that is presented to the Board of Trustees for approval. |
Governing documents etc available to public Part VI line 19 | Grounds For Sculpture makes its governing documents, conflict of interest policy and audited financial statements available to the public upon written request. Also, the 990 and audited financial statements are posted on its website. |
Explanation of other changes in net assets or fund balances Part XI line 9 | Part XI, Line 9: Value of donated use of facilities = $102,000 |
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