The Underground Museum Inc

“The organization designates the president/ceo to review form 990. Then, a copy of form 990 is made available to the governing body via email for final review and approval prior to filing.”

“Directors must avoid real, potential, or perceived conflicts of interest with the organization. Each director has a duty to report to the president of the board of directors any conflict of interest or questionable ethical practice of which they become aware. Any director, officer, or key employee who has a financial interest, or whose family members have a financial interest, in a contract, agreement, or other transaction proposed to the organization must report said proposal to the president of the board of directors for review by the board before any contract, agreement, or transaction is entered into with the underground museum. Once reported to the board, the board shall review the proposed transaction to determine whether or not the transaction presents a conflict of interest to the organization. To evaluate the transaction, the board will look at factors, including but not limited to, whether the terms of any such transaction are in the best interests of the organization, and whether they are as favorable to the underground museum as they are to the open market. Any director, officer, or key employee who has an interest in the proposed transaction, or who stands to gain from said transaction, shall abstain from participating in the board's vote and discussion on the matter, except as their information is required by the board to make a prudent inquiry into the transaction. A quorum of disinterested directors must be present for a vote on any such transaction, and absent sufficient disinterested directors to constitute a quorum, the contract, agreement, or other transaction will not be approved. In the event that the organization procures goods or services from a director or a related party (such as a director's business, organization, associates or family members), the transaction must be an "arms length" transaction, the fairness of which must be approved in advance by the board upon a vote of a quorum of disinterested directors.”

“All changes in compensation and hiring for management are reviewed and approved by a vote of the board of directors.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request for public review.”