Historical Soc of Cheboygan County

“The organization does not have any committees that have authority to act on behalf of the goverfning body. All committee actions must be approved by the governing body.”

“The entire governing body mets to review the form 990 using a commercially available review tool publisherd by practitioner's publishing company. Board members reviewed the mission, compliance and governance items of the return. They compared the revenue and expense items with the year-end financial statements.”

“Corporate bylays contain the conflict of interest policy. After the annual meeting, each board member is required to sign an acknowledgement stating that he or she has received a copy of the conflict of interest policy,that they have read, understood,and agree to comply with it. They also acknowledge that the organization can only engage in activities that accomplish its exempt purpose. In addition, the corporation's collection management policy contains a conflict of interst clause that prohibits self-collecting by board members without disclosing the purchase of an artifact of a kind that the corporation would collect within thirty days of purchase by the board member. The policy is monitored throughout the year by the vice president who is the compliance officer.”

“In addition to making its form 990 available to the public on its website, the organization also posts its conflict of interest policy and its three-year strategic plan.”

“ROUNDING ADJUSTMENT”

“The required list can be found on the overflow statements that list the other expenses for program services and fundraising.”