The National Arts Club

“The executive committee shall consist of five governors including the president, who shall be its chairman, the first and second vice-presidents, the treasurer and secretary of the corporation. Ex-officio members of the committee may include persons who are governors. In the interim of board meetings, the executive committee has all the powers of the board with respect to the routine business of the corporation, subject to approval by the board at the next regular meeting.”

“The club is a not-for-profit corporation formed to stimulate, foster and promote public interest in the arts and to further the education of the american people in the fine arts. The members of the corporation are divided into classes according to their eligibility. 1. Resident members may be individual or dual members. 2. Non-resident members may be individual or dual members. 3. Younger members have two classes: members until age 28 and members until age 35. Younger members may be individual or dual members.”

“All members have voting rights. Dual members are counted as 2 votes, one for each member. Each member has the right to vote for new board members nominated by the nominating committee or by nominating petition. The member must attend the annual meeting in person or by proxy to have his/her vote counted.”

“The information necessary to prepare form 990 is compiled by the club's accounting staff and the controller. The accounting staff and controller review the prepared form 990. The treasurer reviews and the president executes form 990. The treasurer, in consultation with the finance committee and independent counsel will report to the board of governors any matters in connection with the filing of form 990 that he deems should be so reported.”

“All board members are asked to complete a conflict-of-interest disclousre form every year. The form is generally given to each member of the board at the 1st board meeting may after the annual meeting of members in may to elect new members to the board or thereafter as needed.”

“The compensation of a top management official and/or key employee is reviewed and determined annually by the executive committee and is set according to performance and with reference to comparable compensation data at similar organizations.”

“The form 990, conflict of interest policy, whistleblower policy, document retention & destruction policy, and the financial statements are available on written request sent to the national arts club, att: alyson stone, treasurer, 15 gramercy park south, new york, ny 10003-1796. In addition, the national arts club's form 990 is available for public inspection on guidestar.org.”

“Other: program service expenses 85,225. Management and general expenses 266,904. Fundraising expenses 0. Total expenses 352,129.”