Mingei International Inc.

“An outside accounting firm prepares the form 990 with information provided by the organization. The completed draft of the 990 is sent to the cfo of the organization for review. The cfo reviews the 990 and distributes it to the audit committee and the executive director for review and questions. Upon completion of the review, and approval by the audit committee, a draft of the 990 is provided to the board prior to filing.”

“The museum requires each of its trustees, committee members and key employees to execute on an annual basis an acknowledgement of the conflict of interest policy and complete a conflict of interest questionnaire. Whenever a matter arises for action by the board, or the museum engages in an activity where there is a possible conflict or the appearance of conflict between the interests of the museum and an outside or personal interest of a board member or that of a person close to him or her, the outside interest of the member should be made a matter of record. If the member is present when a vote is taken in connection with such a question, that member should abstain. In some circumstances, the member should avoid discussing any planned actions, formally or informally, where there might appear to be personal benefit. If a case arises in which neither disclosure nor abstention appears to be sufficient, the only appropriate solution may be resignation.”

“Compensation was benchmarked against similar organization sizes and roles for all employees in the organization. Ceo and cfo compensation comparisons were provided to the compensation committee. Based on review and discussions by the committe a recommendation was made to the executive committee regarding the ceo and cfo's compensation.”

“The organization's articles of incorporation, by-laws, conflict of interest policy and financial statements are made available to the public upon request. The form 990 and audited financials are also made available on mingei's own website.”

“The organization uses a professional employer organization (peo) to provide employer-related administrative functions for payroll and benefit services. The museum does not have any direct employees and does not issue any w-2's. All payroll related functions are provided by the peo. The organization had 65 employees through its peo.”

“Other fees: program service expenses 120,129. Management and general expenses 504,638. Fundraising expenses 24,362. Total expenses 649,129.”

“Included on line 5, compensation of officers, is $100,000 of accrued severance for rob sidner, ceo. Upon termination of the executive's employment, mingei will be oligated to pay to executive severance in an aggregate amount equal to two year's salaray at the then current rate of pay.”