Connecticut Aeronautical Historical Association

“The Officers of the Board of Directors are elected by the Members on an annual basis. At large board members are elected by the members for a term of two years on a staggered basis which expire in April of 2016 and 2017.”

“The audit committee shall review and approve the Internal Revenue Service (IRS) Form 990 before it is filed with the IRS. It is management's responsibility to provide in a timely manner either a hard copy or electronic copy of the filed Form 990 to the board of directors in a timely manner.”

“Each director, officer, staff member and member of a committee with governing board delegated powers shall annually sign a statement (Annual Statement) which affirms such person (A) Has received a copy of the conflicts of interest policy, (B) Has read and understands the policy, (C) Has agreed to comply with the policy, and (D) Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The Disclosure statements shall be filed with the Secretary of the Board of Directors annually. The Secretary will accumulate all Annual Statements and furnish them to the Board of Directors and Audit Committee. The Secretary will be responsible for ensuring compliance by the full population covered by this policy and report to the Board of Directors those individuals failing to furnish an Annual Statement. In the period between the filing of the annual statements, if an individual covered by this policy believes that he or she may have a conflict of interest with respect to this policy or any particular transaction, he or she shall promptly and fully disclose the potential conflict to the Secretary and shall refrain from participating in any transactions or decisions of the organization that may be impaired by the potential conflict until the board of directors reviews the disclosure statement and reaches a conclusion.”

“Each year, the Executive Director's compensation is reviewed by an independent Personnel and Executive Committees, before going to the Board of Directors for final approval. Based on the reporting thresholds for compensation, as noted in the instructions of Form 990, there are no other employees for which compensation is approved through a process similar to the one followed for the Executive Director.”

“Documents such as policies and financial statements are made available to the public upon request.”

“There have been no changes to the organization's oversight or selection process during the tax year.”