Milwaukee Public Library Foundation Inc.

“One of the initial directors was selected by the governing body of the milwaukee public library. Thereafter, the successor to this director is elected by the governing body of the milwaukee public library at its next regular meeting preceding the annual meeting of the organization at which the term of such director expires. Directors who are so selected take office immediately following the annual meeting of the organization. The remaining directors (and the successors to such directors upon the expiration of their respective terms) are elected by an affirmative majority of the directors of the organization. Then in office directors who are so elected take office immediately following the annual meeting of the organization.”

“These bylaws may be altered, amended or repealed and new bylaws may be adopted by the board of directors at any regular or special meeting thereof by the affirmative vote of two-thirds (2/3) of the directors then in office. However, the board of directors number, election and term, removal and vacancies section of these bylaws may be amended only by concurrent action through the affirmative vote of (a) two-thirds (2/3) of the directors of this corporation then in office and (b) a majority of the board of directors of the milwaukee public library then in office, at regular or special meetings of said corporations called for that purpose.”

“The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.”

“Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.”

“The performance of the executive director is reviewed annually by the president and executive committee. The members of the governing body determine the executive director's compensation using data on compensation paid by comparable organizations for similar services.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Change in beneficial interest in assets held by greater milwaukee foundation 155,135.”