Hill-Stead Museum

“The organization has members”

“The "bank" trustee and "colonial dames" trustee have the power to appoint the museum trustee. Persons other than trustees are elected to serve as governors by vote of the board of governors at its annual meeting.”

“While the board of governors plays a significant role in the control and management of the affairs and funds of hsm, all governance decisions ultimately lie with the three trustees.”

“In conjunction with the organization's annual audit process, the form 990 is prepared by hsm's external auditors, discussed with the finance director and further reviewed by the executive director, president and finance committee. Additionally, the form 990 is emailed to the full board upon completion of this initial review and prior to its filing with the irs.”

“Each summer, hsm distributes its code of ethics and confict of interest policy to trustees, governors, and employees. Individuals are requested to complete a questionnaire to help identify situations that could lead to a conflict of interest and to sign a statement that he/she has read and understands the organization's policy. Hsm's executive director reviews all returned forms and, with the assistance from the board president and committee on governors, takes the necessary steps to resolve identified conflicts of interest by any trustee, governor, or employee having transactions with the organization or participating in policy-making decisions for the organization.”

“Form 990 part vi line 15a - compensation process for top official the process for reviewing the compensation for the executive director includes the following: 1)self-assessment of the executive director against performance goals 2) input from the trustees, board of governors and committee chairs, and 3) review of the compensation by the executive committee in concert with industry data. After reviewing all data, the board president prepares and delivers a performance review and compensation agreement. Form 990, part vi, line 15b - compensation for officers and key employees other than the executive director, the museum's officers are not compensated, and there are no key employees as defined by the irs.”

“The museum's governing documents and conflict of interest policy are made available upon request. Financial statements are posted on the museum's website and are also made available upon written request.”

“Hsm was established in 1946 as an educational and charitable trust in accordance with a bequest made under theodate pope riddle's last will and testament. Hsm's trustees established the board of governors in 1992 as a means of adding depth, strength and talent to the governance of the organization. In case of disagreements between the trustees and the board of governors, the trustees shall resolve such issue at their sole discretion.”

“The benefit of present and future generations.”