Visual Arts Exchange

“An active member in good standing is entitled to vote and to hold office for which eligible. Members elect the board of directors and its officers at its annual meeting.”

“The form 990 was prepared by a cpa firm after an audit of the organization's financial statements which were reviewed and approved by the entire board. The 990 was sent to the executive director, finance & membership director and to the executive committee of the board of directors for review prior to its filing.”

“Vae monitors the conflict of interest policy by distributing and discussing the policy annually and obtaining written confirmation from the board members that they have received and understand the policy. The policy requires members to disclose conflicts if and when they arise.”

“The executive committee determines the executive director's salary based on the budget, her executive skills and general knowledge of salary levels in similar organizations.”

“The executive director reviews the finance and membership director's performance and sets her compensation in accordance with the budget.”

“The form 990, audited financial statements and all governing documents are available electronically or hard copy to any member of the general public upon request.”

“Vae provides scholarships from their margot richter fund to two high school students each year.”

“Contracted services 23,067 1,470 0 contracted services 1,775 0 0 contracted services 6,835 0 0 bank charges and merch fees 1,299 1,538 0 bank charges and merch fees 1,690 0 0 bank charges and merch fees 397 0 0 less allocated to rental -64 0 0”

“Direct expenses 51,711 misc adjustment -518 direct expenses -51,711”