Delaware Art Museum Inc

“The members of the museum consist of persons who pay dues established for any class of membership.”

“Annual meetings of the membership are held to vote on the election of trustees and review the business of the museum.”

“The museum's by-laws give responsibility for overseeing the filing of form 990 to the audit committee of the board of trustees. The audit committee reviews the form 990 prior to filing.”

“Each trustee must certify annually that they have reviewed the ethics guidelines for trustees and disclose any possible violation of the principles set forth therein. Similarly, every year all employees must certify that they have reviewed the employee code of ethics and disclose any possible violation of the principles set forth therein. All disclosures are reviewed by the audit committee.”

“The by-laws require that the compensation for the executive director and chief financial officer be set by the compensation committee of the board of trustees. In establishing the level of compensation the committee follows the process described below which is used by management in establishing compensation for employees. A position description is prepared and periodically updated for each position in the museum. Compensation guidelines for each position are established by the human resources manager by benchmarking the positions against the same or similar positions in other museums and/or other local entities which employ individuals who would compete for the position (e.g., a development position in other not-for-profit organizations would compete for a museum development position). Salary range benchmarks are established by using surveys conducted by the association of art museum directors (aamd), the non-profit times and surveys of local not-for-profit organizations. The museum endeavors to set each employee's salary within the salary range based on the employees demonstrated level of competencies (e.g., someone who has many years of experience in a position at another museum would be placed above the mean salary for that position and someone who is new to a position would be placed below the mean and would move as competencies are demonstrated).”

“The museum's audited financial statements are available on its website. The museum's form 990, governing documents and conflict of interest statement are available on request.”

“Bond interest and other costs: program service expenses 0. Management and general expenses 147,096. Fundraising expenses 0. Total expenses 147,096. Professional fees: program service expenses 5,870. Management and general expenses 72,702. Fundraising expenses 568. Total expenses 79,140. Conservation and collection care: program service expenses 60,991. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,991. Other: program service expenses 6,714. Management and general expenses 41,090. Fundraising expenses 12,416. Total expenses 60,220. Printing: program service expenses 52,016. Management and general expenses 4,764. Fundraising expenses 0. Total expenses 56,780. Programs: program service expenses 44,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,820. Postage and shipping: program service expenses 2,327. Management and general expenses 20,691. Fundraising expenses 13. Total expenses 23,031. Maintenance: program service expenses 14,510. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,510.”

“The process for oversight of the audited financial statements and selecting the outside independent auditors has not changed from the prior year.”