Beloit Historical Society

“The organization has a single class of members.”

“The membership elects the board members at the annual meetings and the board elects its officers at the meeting following the annual meeting.”

“Tthe board elects its officers at the meeting following the annual meeting. These bylaws may be amended by a two-thirds vote of members present or voting by proxy at any regular meeting or special meeting called for the purpose, provided the amendment is either submitted in writing to the membership thirty days prior to the meeting or presented for an announced open discussion at the meeting prior one set for action on the amendment.”

“The executive director reviews the 990 with the accountant and the finance committee. Finance committee then reports any issues to be resolved and if none, recommends acceptance of the 990 to the board of directors.”

“All officers and directors are required to sign a conflict of interest policy statement on an annual basis. In connection with any actual or possible reported conflict of interest, an interested person must disclose the existence of the interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing body delegated powers. After disclosure of the interest and all material facts, the interested person shall leave the governing body or committee meeting while the determination of a conflict of interest is discussed and voted upon by the remaining directors or committee members. The governing body or designated committee conducts periodic reviews to ensure that the organization does not engage in activities that could jeopardize its tax-exempt status.”

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

“Change in value of beneficial interest in assets held by scf 8,937.”