Montpelier Foundation

“On behalf of the board, the finance committee receives, reviews, and discusses the 990 with management and the independent auditors. Subsequent to that, the foundation provides a draft copy of the 990 to all board members prior to filing.”

“The conflict of interest policy has been distributed to all members of the organization's board of directors and management personnel. Through their conscious efforts during the decision making process, the organization refrains from entering into transactions which are in violation of the policy. It is the continuing responsibility of the board, officers, and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures to the president of the foundation.”

“The foundation's board of directors has a human resources committee that determines compensation for the president of the foundation. The committee reviews the compensation amounts paid by other local historical sites and non-profits before determining what level to set compensation for the foundation's president. For other officers and key employees, salary recommendations are made by the president.”

“The foundation's 990 is stored on file in the main office. The custodian of the information will fax or send electronically these documents upon a specific request.”

“The foundation keeps a public information file in the main office. The custodian of the documents will fax or send electronically these documents upon a specific request.”

“Other professional fees: program service expenses 254,516. Management and general expenses 34,820. Fundraising expenses 71,191. Total expenses 360,527. Environment & land use consulting: program service expenses 138,070. Management and general expenses 0. Fundraising expenses 0. Total expenses 138,070. Architectural & design fees: program service expenses 89,064. Management and general expenses 28,253. Fundraising expenses 44. Total expenses 117,361. Filming, photography, & content production: program service expenses 53,551. Management and general expenses 1,233. Fundraising expenses 7,644. Total expenses 62,428. Honorariums: program service expenses 18,117. Management and general expenses 185. Fundraising expenses 48. Total expenses 18,350. Exhibit production: program service expenses 1,018,413. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,018,413. Research: program service expenses 89,071. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,071.”

“Change in value of beneficial interest in trusts -1,363. National trust investment pool revaluation -139,237.”

“A draft copy of the foundation's audited financial statements are reviewed by the finance committee of the board of directors prior to acceptance. Also, the finance committee is responsible for the selecting of the independant auditors and oversight of the audit.”

“The foundation's financial statements are audited annually on a consolidated basis. Supplemental consolidating schedules, for which a separate audit report is issued, are provided in the financial statements.”

“In a prior period, the foundation changed its fiscal year from a calendar year to a fiscal year ended june 30. The past five periods on the schedule a are as follows: 2016 - july 1, 2016 through june 30, 2017 2015 - july 1, 2015 through june 30, 2016 2014 - july 1, 2014 through june 30, 2015 2013 - january 1, 2014 through june 30, 2014 2012 - january 1, 2013 through december 31, 2013”