Virginia War Memorial Foundation

“The treasurer and the finance, audit, and endowment committee reviews form 990 with the full board of directors prior to filing.”

“Conflict of interest policy updated august 2024 the conflict of interest policy of the virginia war memorial foundation (vwmf) defines conflicts of interest, identifies classes of individuals covered by this policy, and specifies procedures to be followed in managing conflicts of interest. Conflict of interest a conflict of interest arises when a person in a position of authority over the vwmf may benefit financially from a decision that could be made in that capacity, including indirect benefits to family members or businesses with which the person is closely associated. This policy is focused upon material financial interest of, or benefit to, such persons. Vwmf directors should conduct all activities, including those relating to persons or businesses with whom the director is closely associated, in such a way that no conflict will arise between the other interests and the policies, operations, or interests of the vwmf. The appearance of such conflict should also be avoided. Individuals covered persons covered by this policy are the vwmf's officers, directors, and employed executives. Each person subject to this policy shall disclose any conflict of interest or perceived or suggested conflict of interest to the board chair who will share such disclosures with the executive committee. This policy will be reviewed annually, and each director will sign the policy indicating an understanding of the policy and agreement to abide by the terms of the policy. Procedures to manage conflict for each conflict of interest disclosed to the board chair and the executive committee, these actions may be taken: - assure full disclosure to the board of directors and others covered by this policy, - ask the person to be excused from participation in related discussions or decisions within the vwmf, or - ask the person to resign from his or her position. The vwmf president will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the board chair to deal with potential or actual conflicts.”

“Updated august 2024 this policy of the virginia war memorial foundation (vwmf) applies to the compensation of the following persons employed by the vwmf: president, contractors, and other key employees. The compensation of the person is reviewed and approved by the board of directors or executive committee of the vwmf, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations.”

“Updated august 2024 this policy of the virginia war memorial foundation (vwmf) applies to the compensation of the following persons employed by the vwmf: president, contractors, and other key employees. The compensation of the person is reviewed and approved by the board of directors or executive committee of the vwmf, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations”

“The virginia war memorial foundation will provide governing documents, conflict of interest policies and financial statements upon request. If there is a written or telephone request the foundation will make copies at the rate of 0.20 per page plus the staff time required to make the copies. Payment for estimated time, a minimum of one hour, will be paid upfront.”

“To promote and raise funds for the virginia war memorial, a state agency of virginia, which was created for the purpose of honoring patriotic virginians who rendered faithful service and sacrifice in the cause of freedom and liberty for the commonwealth and the nation in time of war.”

“Program expense: displays 58,968 0 0 events 46,467 0 10,384 printing and reproduction 15,727 35,242 0 board management 0 20,284 0 education programs 19,444 0 0 interns & volunteers 19,255 0 0 postage and delivery 78 16,748 0 annuity obligations 0 7,940 0 bank & merchant charges 0 5,940 0 bad debts 0 5,000 0 dues and subscriptions 530 3,482 696 program film production 2,725 0 0 professional development 0 1,317 0 rental operations expense 1,275 0 0 total 164,469 95,953 11,080”