Peter Mullin Automotive Museum Foundation

“James dowd has a business relationship with peter w. Mullin. Peter w. Mullin is a trustee of art center college of design. Lorne m. Buchman is president and ceo of art center college of design. Peter w. Mullin, david sydorick and bruce meyer are directors of the petersen automotive museum foundation.”

“Under section 4.3 (c) of the foundation's bylaws, peterson automotive museum, a 501(c)(3) organization, has the right to appoint 1 director to the board of directors. Art center college of design, a 501(c)(3) organization, has the right to appoint 2 directors to the board. Peter w. Mullin has the power to select 2 directors to the board.”

“The corporation's only committee is the audit committee for which no formal minutes are recorded. However, the audit committee chair conducts discussions with the corporation's assistant treasurer and with the corporation's independent auditors.”

“A draft copy of the 990 will be sent to the organization for a detailed review. Upon receipt, the president and assistant treasurer of the organization will review in detail the tax return and discuss any questions or issues with the preparer. Upon the satisfaction of any issues, the client will send a final copy of the form 990 to the entire board of directors before mailing the final copy to the irs and appropriate state agencies.”

“It is the policy of the foundation that its directors, officers and key employees acknowledge and certify to follow the guidelines of the conflict of interest policy annually and file a copy of such certification with the audit committee. If the conflict or potential conflict is material and unresolved, the audit committee shall make a recommendation to the board of directors. If it is determined that a conflict exists, the board will take appropriate actions such as requiring the interested person to refrain from a vote on the matter or requiring the unwinding of a transaction.”

“Form 990, part vi, line 15 none of the officers, directors, trustees, or key employees receive compensation.”

“Governing documents are available for anyone who would like to view them. They can contact anyone at peter mullin automotive museum foundation in any way, and a copy will be provided to them.”

“All transactions of a significant nature, involving the organization and its interest in atlantic llc, are subject to review by the organization's directors and formalized in the minutes of the organization.”