Laurel Historical Society Inc

“Laurel Historical Society (LHS) Members fall into 6 classes: Seniors, Students, Individuals, Couple/Family, Household Lifetime, and Business. Each member has the same rights: voting on members of the governing body, online access to collections, discounts on LHS events, entrance to members-only events, newsletter delivered to home, and 10% discount in the museum shop.”

“Laurel Historical Society doesnt elect additional members. Members vote annually to elect members of the governing body at the Annual Meeting. From page 5 of the LHS Bylaws:A.Any individual member in good standing with The Society shall qualify for election as a Director.B.All Directors shall be elected by the voting members of the Society at the May meeting and shall serve for a term of two (2) years.C.Society officers and some of the additional Directors shall be elected in even-numbered years. Other Directors shall be elected in odd-numbered years. If a non-officer Director, initially elected in an odd year, is subsequently elected as an officer, he or she shall retain his or her odd year orientation by continuing on the Board for one year following his or her term as an officer. The purpose of this provision is to provide continuity by having no more than about one-half of the directors beginning a term in any given year.”

“The draft 990 is reviewed and approved by the executive director and Treasurer before filing.”

“The conflict of interest policy statement is built into the bylaws of the Laurel Historical Society. One example of how the LHS is compliant with the Conflict of Interest Policy Statement is that LHS consistently ensures that no services are paid for with our board members. This follows the statement on page 5 of The LHS bylaws:E. Directors shall not be compensated for their services as Directors. The Directors shall be entitled to reimbursement by The Society for reasonable and necessary expenses incurred in the execution of their duties and responsibilities. No member of the Board of Directors shall deal or contract with The Society in any manner, either personally or through any business entity in which any Director is an employee, director, or owner, either of record or beneficially. Nor shall any director or business entity with which any Director has such relationship enter into a subcontract with a contractor of The Society as vendor, purchaser, or otherwise. Nothing contained herein, however, shall prevent a Director or any business entity in which a Director is an employee, director or owner, either of record beneficially, from making grants of funds or services to The Society.”

“Each year the budget committee determines the compensation for the executive director and builds that number into the budget. The compensation is then reviewed and approved at a general board meeting.”

“No officers of the Laurel Historical Society are compensated. Each year the budget committee determines the compensation for the assistant to the executive director and builds that number into the budget. The compensation is then reviewed and approved at a general board meeting.”

“All governing documents current and prior are available for review at The Laurel Historical Society Museum location upon request.”