Museum of Craft and Design

“In accordance with common practice in the nonprofit community, the Board delegates certain matters to The Executive Committee, which is empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full board. The composition of executive committee includes Board members.”

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to key members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

“Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Members of the board of directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures.”

“Compensation of officers or key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.”

“All of the organization's governing documents, financial statements and other legal filings are maintained in a secure environment. The governing documents, conflict of interest policy and financial statements are available for inspection by tax authorities and the general public. Tax returns are posted annually to www.candid.org (where they are available for viewing as electronic copies) and are also available from the organizations office.”

“Change in value of pledges receivable = -$19014”

“Under the California Nonprofit Integrity Act, an exempt organization with annual revenue of $2 million or more is required to have an Audit Committee to select an audit Firm, review the audit, and approve the audit of its annual financial statements.”

“As a non-collecting institution, MCD is considered a culturalhub of exhibition and educational spaces and activelycollaborates with artists, designers, museums and universities,as well as design venues and practitioners to create spiriteddiscussion and an experiential understanding of creativeexpression for visitors of all ages.”

“In addition to contributing hands-on creative opportunities to the themes of various area fairs, festivals and events, MCD Mobile MakeArt program cultivates creative community partnerships across San Francisco. In addition to contributing hands-on creative opportunities to the themes of various area fairs, festivals and events, MCD Mobile MakeArt supplements public school arts education by bringing exhibition-based, classroom-ready projects to schools and community centers.”