Museum of American Finance

“The museum's form 990 is prepared by an outside accountant with contributions from several key museum staff members, including the museum's president, accountant and others. The museum's accountant and president meet regularly to review and discuss the museum's financial statements and the 990. Paper copies of the 990 are also made available to trustees upon request.”

“On an annual basis, the museum distributes a conflict of interest statement and questionnaire to all trustees and officers to be completed and returned for review by the museum's deputy director. Among other things, the questionnaire requires trustees to acknowledge and affirm the museum's conflict of interest policy, and list any existing or potential conflicts such trustee may have with respect to the museum. If a trustee conflict is identified, the trustee is required to disclose the material facts of his or her interest in the transaction in question to the board, is excluded from any deliberations about it and must recuse him or herself from voting on the matter. Potential employee conflicts are handled with an investigation conducted by the museum's president, in consultation with the deputy director, to determine if any action is warranted. Employees presenting potential conflicts are excluded from participating in deliberations and decisions regarding the transaction in question.”

“The museum president's compensation is reviewed every other year. The process for determining the president's compensation is determined using comparable data from guidestar. The board of trustees then reviews the proposed compensation, in accordance with the related employment agreement and taking into account the president's performance and other factors. The board approves president's compensation. This process was last undertaken in 2024 and was documented in the minutes of the board meetings.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, and by-laws are also available upon written request.”

“The museum of american finance has an audit committee that assumes responsibility for the oversight of the audit of its financial statements and for the selection of an independent accountant. The process has not changed from the prior year.”