National Academy of Design

“The executive committee is comprised of the officers of the board, and all are members of the governing body. The executive committee may exercise, subject at all times to the general direction and control of the board, all of the powers and authority necessary to conduct the normal operations of the academy, including authorization to sign documents on behalf of the academy. The executive committee does not have the authority with regard to the submission to the academicians of any action requiring their approval, the filling of vacancies on the board or in any committee, the amendment or repeal of the bylaws or the adoption of new bylaws, the amendment or repeal of any resolution of the board, which by its terms shall not be so amendable or repealable, or the fixing of compensation of the directors for serving on the board or any committee.”

“The membership of the academy consists of painters, sculptors, architects and workers in the graphic arts who have been elected to membership. The number of academicians is limited to 450. The academy has two (2) classes of academicians, corresponding to the two (2) professional classes promoted by the academy: visual arts and architecture.”

“Academicians (members), who are artists and architects selected by peers, elect the governing body.”

“The body of the academicians shall have the sole power to authorize: (a) the mortgage or other disposition of any real property owned by the academy and occupied and used by the schools, exhibitions, galleries, the museum and administrative offices of the academy and (b) the sale or disposition of any work of art owned by the academy.”

“Form 990 is reviewed by the organization's accountants, the executive director, the treasurer, and the finance committee, then distributed to full board prior to filing.”

“The conflict of interest policy covers board members, who review potential conflicts and make a determination on whether a conflict in fact exists. The person with a potential conflict of interest leaves during the discussion of and voting on the issue.”

“The executive committee reviews the performance of the director and approves any changes in compensation. The committee reviews compensation of museum directors at museums with similar budgets in new york city. All salaries and salary ranges for positions are aligned with or exceed non-profits arts organization standards found in annual salary reports, such as american association of museum directors, pnp staffing group, and nonprofit new york, among others.”

“The organization makes governing documents, conflicts of interest policies and financial statements available upon request.”