Queens Botanical Garden Society Inc

“The organization has its form 990 prepared by an outside accounting firm. The finance committee reviews and approves the return, and then it is distributed electronically to all board members for review prior to filing with the irs.”

“Every member of the board of trustees as well as senior management is required to review the conflict-of-interest policy annually. Each pertinent person must sign a statement every year attesting to their independence, or disclosing any business interests the person, the person's immediate family or close business associate might have with the garden. In the event of an actual conflict of interest or the appearance of a conflict, it is the board member's responsibility to promptly disclose the subject matter to the executive, audit, and finance committee of the board. The board member must recuse himself or herself in any of the board or committee deliberations or vote on the subject matter and shall be prohibited from influencing improperly the deliberations or voting on the matter. The existence and resolution of the conflict of interest shall be documented in the records of the garden, including minutes of any meetings where the conflict is discussed or voted on. Prior to initial election and annually thereafter, each trustee must submit to the secretary a signed written statement attesting, to the best of the trustee's knowledge, 1) any entity of which the trustee is an officer, director, trustee, member, owner or employee, with which the garden has a relationship and 2) any transaction in which the garden is a participant and in which the trustee or an affiliate of the trustee might have a conflict of interest. The secretary shall provide copies of all such statements to the chair of the executive and governance committees.”

“Salary surveys and form 990 returns of comparable organizations, along with performance appraisals, market rate, and in-house parity are used to set the compensation rates of the executive director. The board periodically reviews the executive director's compensation and considers current market compensation packages for comparable positions. The board may authorize an employment agreement be entered into with the executive director. This process was last undertaken in 2022 and documented in the board as well as executive committee minutes.”

“Queens botanical garden society, inc. Makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is available at guidestar.org. In addition, the financial statements, conflict of interest policy, form 990, and by-laws are also available upon written request at 43-50 main street, flushing, ny 11355.”

“Pension related changes other than periodic pension cost -87,535.”