American Precision Museum Association

“During the fiscal year, the corporation adopted several amendments to its bylaws. These changes are the following: removed outdated references to memberships that were inadvertently retained in the 2018 amendments. Corrected minor, non-substantive errors in spelling, punctuation, and capitalization throughout the document. Replaced all references to "association" with "corporation" to reflect current organizational terminology. Renamed the "audit committee" to the "finance committee and clarified its responsibilities. Deleted sections related to gifts, nominations, and portions of the ethics section, as these topics are addressed elsewhere in the bylaws or governing documents. Revised notice period for procedures to 30 days. Incorporated provisions allowing for electronic participation in meetings. Streamlined and relocated the amendment regarding the permanent trustee for clarity. Updated rules regarding quorum and officer roles to ensure consistency with applicable vermont state law.”

“The form 990 was reviewed by the executive director and the executive committee. A copy of the form 990 was delivered to each trustee prior to filing.”

“Members of the board of trustees are asked to read and to sign the code of ethics document annually.”

“The executive director was hired in 2019. The trustees used comparative data from the new england museum association salary survey.”

“The governing documents and the conflict of interest policy are available upon request. Summary financial statements are available in print and distributed in the report edition of the newsletter, tools and technology, which is posted on our website. Detailed financial statements are available upon request. We post information on guidestar.”

“NO CHANGES NOTED.”