Danforth Art Alliance Inc

“Trustees Amy Rossi and Michael Rossi are mother and son. Trustees Paul and Marcia Rosenberg are husband and wife. None of these individuals receive any compensation from the organization.”

“Revised By-laws were voted on and approved October 14, 2014. Significant changes include: -Increase size of Board of Trustees to 40 -Remove certain provisions limiting appointment of ex-officio members -Provide that size of Board may be changed by a 2/3 vote -Change notice requirement for special meetings of Executive Committee from 14 to 7 -Change requirement of distribution of minutes from 20 to 10 days from meeting date -Add provision for removal of officers -Reduce number of named commitees -Provide that By-laws may be amended by 2/3 vote of members of the Corporation”

“The Director of Finance and the Executive Director separately review the completed Form 990 prior to it being forwarded to the Finance Committee for their review. After approval by the Finance Committee it is forwarded to the Excutive Committee and ultimately a copy is provided to each member of the Board of Trustees.”

“At the annual meeting the Chair of the Governance Committee and/or of the Board reviews the conflict of interest policy with all Board members and explains how it is submitted and reviewed. Board members are encouraged to bring potential conflicts to the attention of the Board Chair so that the issue can be reviewed by either the Executive Committee or the full Board. Responsibility to ensure all Board members have completed and submitted the policy form, and that any requisite actions are taken, resides with the Chair of the Governance Committee.”

“Executive Committee periodically evaluates the Executive Director's compensation by developing comparables through Guidestar and other resources and also solicits comments and opinions from members of the Board of Trustees. Criteria evaluated include performance, length of time since previous increase and tenure with the Organization. Minutes of the meeting and a record of the Board's vote are maintained by the Chair of the Board of Trustees.”

“The Museum makes its governing documents, conflict of interest and other policies and financial statements available upon request for the same period of disclosure as set forth in Sec. 6104(d).”

“The Museum makes its Form 990 available upon request for the same period of disclosure as set forth in Sec. 6104(d).”

“Noncash contributions include $254,537 of imputed interest from mortgage payable with Town of Framingham for acquisiton of new facility and $67,540 of services provided by the Organization to the Town as required by the terms of the mortgage agreement. The terms of the purchase included a commitment by the Organiztion to provide at least $500,000 of Services to the Town over five years through January 2019. The capitalized cost of the building reflects this commitment.”

“Costs of the Maynard Building Consultants & custodial $1,800 Equipment maint & service contracts 3,552 Insurance 16,272 Postage 6 Repairs 9,606 Supplies 175 Telephone 305 Utilities 2,780 Total Costs $34,496”

“Massachusetts requires not for profit entities with revenues greater than $500,000 to submit audited financial statements to the Attorney General's office. There has been no change in this process since the prior year”