Landmarks Preservation Council

“Membership in the council shall be open to any person, partnership, corporation, limited liability company, trust, association or other entity which supports the objectives and purposes for which the council is organized. Membership shall be determined by the council on the basis of the member having a properly completed membership application on file with the council and having paid all applicable dues.”

“The members of the board shall be elected by the members. Each member of the board shall be a member of the council.”

“Committees of the board. The board may designate and appoint one or more committees of the board, each of which shall consist of two or more directors, as well as non-board individuals, which committees, to the extent provided in such exercise the authority of the board with respect to the council. The board may appoint a non-governing emeritus board to continually engage past board members in the organization. The emeritus board shall have no minimum or maximum number of members. The members of the emeritus board shall be persons who have previosly served on the landmarks illinois board of directors and meet the other qualifications for membership established by the board of directors.”

“The 990 is presented to the finance committee by the staff of lpci. The return is reviewed and the staff is questioned about the return, including specific questions about presentation and tax provisions taken. The finance committee's changes are incorporated into the form 990. Then the finance committee recommends the 990 to the board for review and approval.”

“The conflict of interest policy is presented to the board of directors and each committee at the beginning of the fiscal year. The board chair and committee chairs are charged with monitoring activities and enforcing the policy throughout the year.”

“Form 990, page 6, line 15a the president's salary is determined as part of the budget process. The finance committee recomends a salary to the executive committee to be inculded in the budget after consideration of data about the compensation of similarly situated ceos of not-for-proits. The board then approves the budget. Form 990, page 6, line 15b other key employees' salaries are recommended by the president as part of the budget process. In 2022, the compensation task force of the finance committee researched comparable salary data from other organizations to inform the budgeting process. These salaries are then reviewed in detail with the executive committee before the budget is approved.”

“The organization's governing documents and conflict of interest policy are currently available to the public by request. The organization publishes a summarized financial statement on its website each year.”

“Other adjustments -2. Book/tax depreciation -279.”

“The organization has not changed either its oversight process or selection process during the tax year.”