Bruce Museum Inc.

“Bruce museum, inc. Can have the following classes of membership as the board has authorized in the by laws: a) individual membership b) corporate membership (which may include a partnership, trust or other legal entity) c) family membership d) patron membership e) benefactor membership f) robert bruce circle membership each membership in good standing is entitled to one vote on each matter submitted to a vote of the members. The persons who comprise a family membership - together is entitled to one vote on each matter. A membership may vote in person (through a duly authorized representative in the case of a corporate membership) or by valid proxy. Members are not entitled to receive a share of the organization's profits or excess dues or a share of the organization's net assets upon the organization's dissolution. The board may, from time to time, modify or eliminate classes of membership, may establish other classes of membership, and qualifications and privileges applicable to each membership class.”

“The members of the bruce museum, inc. Elect the trustees, other than the ex-officio trustees, at the annual meeting of the members, by a majority vote of the members entitled to vote who are present in person or by written proxy.”

“The form 990 is provided to the audit committee for review, comments, and approval before being filed with the irs. The form 990 is made available to all board members after the 990 is filed with the irs.”

“It has been the duty of the board to monitor any conflicts of interest that may arise. The staff notifies the board if there are any concerns.”

“The executive committee conducts an annual performance review of the executive director. Compensation is based on the employee's performance and comparability data to the industry standards. The board approves the executive director's compensation. The board approves compensation of other employees indirectly through approval of each fiscal year's budget.”

“Financial statements, governing documents, conflict of interest policy, form 990, and form 1023 are made available for public viewing upon written request at bruce museum, inc. Headquarters located at 1 museum drive, greenwich, connecticut, 06830. Form 990 is available on www.guidestar.org, www.charitynavigator.org, and www.eri-nonprofit-salaries.com form 990 is also available on our website: brucemuseum.org”

“The town of greenwich, connecticut owns the entire museum collection. The organization operates the facility and organizes the exhibits per an agreement with the town of greenwich. The organization provides security for the collection. It also performs restoration and preservation of collection as needed to maintain the collection for exhibition.”

“Unrelated business income from pass-through entities -11,895.”

“The independent auditor is selected after a review and bidding process conducted by the audit committee. The audit committee reviews the financial statement and meets with the independent auditors before the audit report and financial statements are issued. Audit findings, if any, are communicated to the audit committee by the independent auditors. Audit committee considers the findings. Audit committee recommends corrective action, if in their judgement it is needed. There have been no changes in the process from the prior year.”