The Iowa Children'S Museum

“There shall be an executive committee consisting of the chair, the chair-elect, the secretary, the treasurer, and an emeritus (past) chair, and such other directors of the board of directors, elected by the board of directors. The executive director and assistant director shall be ex-officio, non-voting members of the executive committee. Except as otherwise provided in these bylaws, the executive committee shall have and may exercise the authority of the board of directors in the management of the corporation between meetings of the board of directors.”

“The form 990 is prepared by an independent accounting firm. The executive committee will first review the 990 and then participate in discussion with the preparer. Upon their recommendation, the 990 is forwarded to the full board prior to a regular monthly meeting at which time the 990 is officially accepted, before being signed and submitted by the executive director.”

“Board members and employees follow the conflict of interest policy. Board members address any potential conflicts of interest at monthly board meetings. If a conflict arises the board member abstains from voting on the item in conflict. Conflicts are documented in the board minutes.”

“Each year, the board chair and chair elect facilitate a performance evaluation of the executive director (ed). All board members complete the evaluation tool. The board chair compiles the collected information and emails a final report out to the entire board of directors, at which point the board discusses (in closed executive session) the evaluation data and determines whether a salary/compensation change is appropriate. The board chair and board chair-elect compile research on comparable executive director salaries in the field of museums in our geographic region to establish baseline data regarding the range of comparable staff position. This process might involve an organizational consultant, as well. Any salary changes must be made as a motion by a board member and voted upon by the entire board to become effective. Following that board meeting, the ed meets with the board chair and chair elect to go over the evaluation report and set goals for the upcoming year, as well as be advised of any salary change. The evaluation report is then kept on file in the employment file of the ed. This process was last completed in 2025.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“The process for overseeing and selecting an indpendent accountant has not changed from the prior year.”