Chesapeake Bay Maritime Museum Inc

“The board of governors, who are also members, is the only governing body that has the authority to elect new governors.”

“The form 990 is initially reviewed by the organizations chief financial officer. After the initial review the form 990 is reviewed and approved by the audit committee of the board of governors, then by the entire board of governors prior to submission with the irs.”

“All board members are required to complete a conflict of interest form annually and disclose any relationships with the museum. New board members and key employees are also required to complete this form.”

“Each fiscal year, preferably not contemporaneously with the performance review, the chair, in consultation with the executive committee, shall set the compensation of the president and ceo for the ensuing 12 months. In doing so, the chair shall take into account performance, tenure, changes in the cost-of-living index, compensation of comparable not-for-profit organizations, the financial condition of cbmm and other factors as the chair and the executive committee may deem appropriate. Except in extraordinary circumstances and then only if approved by the board of governors.”

“The compensation of the president and ceo shall not exceed the range of compensation of the ceo of comparable organizations, as set forth in the most recent compensation report of charity navigator or other independent entity that gathers and reports on the compensation of ceos of not-for-profit organizations.”

“The organizations governing documents, conflict of interest policy, and financial statements are made available to the public upon request. The annual report is also available on the organizations website.”

“Form 990 - organizations mission continued premier maritime museum for studying, exhibiting, preserving, and celebrating the important history and culture of the largest estuary in the united states, the chesapeake bay. Chesapeake bay maritime museum is acknowledged as a leading center for education, exhibition, and preservation of chesapeake bay maritime cultures. Cbmm inspires cultural stewardship by preserving, documenting, and sharing stories, artifacts, skills, and the traditions of the generations of people who have lived and worked in the chesapeake bay region. Cbmm emphasizes how the connections between people and the bays natural environment have shaped unique, traditional cultures. Cbmm provides opportunities for visitors to make connections between past human activities, present conditions, and future possibilities.”