Robert E Lee Memorial Association Inc

“Two members of the board of directors are sisters, harriet stephens and paula ruffin.”

“The association's by-laws were reviewed by the association's legel counsel and updated to add a compensation committee to the board. In addition, the language in the by-laws related to indemnification of board members was updated. Other minor changes to the language in the by-laws were also made.”

“Form 990 is reviewed by the association's audit committee with external auditors upon completion of the audited financial statements. This committeee then briefs the full board of directors each october and provides each voting member of the board with a final version of form 990. Afterwards, the form 990 is filed and made available for public inspection.”

“Each board member is provided a copy of the written conflict of interest policy. Annually, this policy is reviewed by the board of directors with each member completing a conflict of interest statement, which is retained until requiring update during the year or at the semi-annual fall meeting.”

“The performance review of the executive director is conducted annually following the board of directors' meeting in october by the association's president after discussion with the executive committee. A written annual performance is prepared, reviewed with the executive director, with each party signing and placed in the individual's personnel file. A salary increase for the executive director and all employees is determined when the association's budget is finalized. The salary increase is subject each year to board approval as determined by the needs of the association. Just after the close of the fiscal year, robert e. Lee memorial association's executive director was tragically killed in an accident. Captain carter b. Refo (usn ret.) has agreed to serve as executive director while a national search is conducted. Captain refo is serving without salary.”

“The association's 1023, 990, and 990-t are stored at the association's office and are available upon request.”

“The governing documents, conflict of interest policy, and audited financial statements can be distributed to the public upon request. However, requests are subject to the approval of the executive director and the assocation's consideration of the intended use of the requested documents.”

“Gain on valuation of beneficial interest 98,740.”

“The association's board of directors has an audit committee that is responsible for the selection and retention of independent auditors. This process has not changed from the prior year.”