Eau Claire Association of Museums Inc

“The members contribute an annual membership fee which may vary in dollar amount, with the minimum membership fee being $40.”

“The principal decision approved by members is the election of directors. There is one vote per membership, and voting occurs at the annual meeting. Members approve by law changes.”

“The return preparer emails a copy of the final version of form 990 to the executive director, who then emails a copy to all members of the governing body before it is filed with the irs. The executive director reviews form 990 with the governing body during a board meeting and approves the filing of form 990.”

“The ethics policy requires board and staff to report potential conflicts. The museum has implemented a written disclosure procedure.”

“The museum assembles comparability data from the mw museums salary study and wi department of labor. The board considers the data along with a proposed salary schedule for all positions. The museum salaries generally run at less than the first quartile of the mw study for the profession or between the first and second quartile.”

“The museum assembles comparability data from the american alliance of museums (aam) salary study, the wisconsin department of labor and other relevant sources. The board considers the data along with a proposed salary schedule for all positions. The museum salaries generally range between the 10th percentile and the median when compared to similar organizations in the recent aam study.”

“The museum makes copies of policies available upon request. As an aam-accredited museum, all of the policies have been submitted for professional review. The museum publishes an annual report each year with a financial statement included which is mailed to all members and is available to all others upon request.”

“During the current year, the museum identified errors in the prior period financial statements that resulted in the omission of the interest in net assets of the wisconsin logging museum. As a result, an adjustment of $121,985 was required. An additional adjustment of $29,160 was required due to the disposition of prior year assets.”

“On january 1, 2023, the museum merged with the wisconsin logging museum, assuming all financial and physical assets. The wisconsin logging museum was closed as a business entity following the merger. The chippewa valley museum acquired a total of $66,947 of cash and cash equivalents, $24,966 of inventory, and $0 of debt and outstanding liabilities.”

“ACCRUAL BASIS”

“Form 990 - organizations mission and most significant activitiesunderstanding the history of our community is basic to our democratic way of life, gives us a better understanding of our state and nation, and promotes a better appreciation of american heritage. In support of this belief, the chippewa valley museum discovers, collects, preserves, and interprets the history and culture of the chippewa valley and its people. In order to increase understanding of regional history, the chippewa valley museum provides learning experiences for all ages as well as other related services and activities.”