Lancasterhistoryorg

“The ceo/president, tom ryan, is married to the vice president, robin sarratt.”

“All members are of a single class and may place names in nomination and vote on candidates to serve as directors.”

“All members are of a single class and may place names in nomination and vote on candidates to serve as directors.”

“The executive committee will conduct a review at a regularly scheduled meeting with the assistance of an outside auditor/accounting firm. At a regular board meeting the board will be informed that copies of the 990 are available for review upon request.”

“The board chair, on a regular basis, reminds directors and executive staff to be vigilant in efforts to identify potential or actual conflicts. All directors and executive staff are covered. Determinations may be made at any level and are subject to review by the board of directors either through the executive committee or the full board.”

“Review and approval of compensation for ceo and key employees is conducted by the executive committee using comparability data from three independent public sources. It is done in the year that contract renewals are negotiated: 2018-2022 for the ceo and 2017-2021 for the vice president.”

“The organization's governing documents, conflict of interest policy, and/or financial statements are available to the public upon request.”

“All in person programs were ceased for most of the year due to covid-19.”

“Change in the value of split interest agreements and perpetual trusts 61,682. Purchase of collections and historical treasures -15,803.”

“The organization's financial statements were prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the united states of america. The modified cash basis of accounting differs from accounting principles generally accepted in the united states of america in that receivables and payables, inventories, certain assets and liabilities such as accrued income and expenses, and deferred expenses are not recognized in the financial statements.”

“The organization has an executive committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The committee provides oversight by voting for the selection of an independent accountant and by signing management engagement letters as well as assisting accountants with audits. This process has not changed from the prior year.”