Napa Valley Museum

“Key members of the board of directors including the president, vice president, and treasurer review the 990 before it is filed.”

“The executive committee has general oversight of the organization's human resource plan. Specific duties include yearly evaluation of the executive director of the organization. A competent salary survey is used to benchmark compensation for the position utilizing the northern california wage and compensation survey for nonprofit organizations and/or other studies. The executive committee meets independently of the executive director to discuss his/her performance relative to the position description and goals set for the year. During these deliberations, the committee also considers input obtained from other board members, staff, professional advisors and other informed stakeholders from the community. Once a consensus is reached regarding performance, a similar discussion is held concerning compensation relative to annual performance, overall budget and objectives. The president of the board then meets with the executive director to discuss and document strengths, weaknesses and goals for the upcoming year. Compensation for the upcoming year is also discussed and documented, subject to approval by the full board as part of the annual budget.”

“All real or apparent conflicts of interest shall be disclosed to the executive directors for resolution.”

“Tax return was amended to reflect the following: 1) reclassed suspended expense of $118,214 to a capitalized leasehold improvement. Information to capitalize the asset was not provided until after the initial information return was filed. The adjustment also impacted depreciation expense by $2,956. 2) also, an asset #149 was removed as of 06/30/22 and added to asset #153. The asset should not have been put on the books until it was placed in service. The accumulated depreciation of asset #149 was brought over to asset #153.”