Historic Charleston Foundation

“Two board members have a business relationship.”

“Following the acceptance of the final audit report, the independent auditors prepare the 990, using information provided by the director of finance, president/ceo and other members of the management team. The draft of the 990 is submitted to the director of finance and president/ceo who review all of the documents for accuracy and tie the numbers back to the audited financial statements. Once the draft has been reviewed, the 990 is sent to all voting members of the board of trustees by mail or email, requesting members review thoroughly and contact the director of finance with any questions. The 990 is submitted to the finance committee for final review for approval before submitting to the irs, generally in the 7th month of the year.”

“Members of the board routinely recuse themselves from discussions and/or voting on issues where they may have a conflict of interest either because they are directly involved with an issue or their company may be involved with an issue. The chair and the chairs of the board committees will ask any member who may have a conflict of interest to recuse themselves from discussions and/or voting on those issues.”

“The executive committee in executive sessions reviews the compensation of the president/ceo taking into account comparable salaries within a variety of sectors in charleston and the budget limitations approved for the upcoming year by the board of trustees. The president/ceo reviews the compensation of other employees taking into account comparable salaries within a variety of sectors in charleston and the budget limitations approved for the upcoming year by the board of trustees.”

“All information is available upon request.”

“Special events: program service expenses 57,591. Management and general expenses 3,959. Fundraising expenses 19,332. Total expenses 80,882. Telephone: program service expenses 45,729. Management and general expenses 6,504. Fundraising expenses 4,784. Total expenses 57,017. Enhancement: program service expenses 46,677. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,677. Printing: program service expenses 40,255. Management and general expenses 984. Fundraising expenses 2,327. Total expenses 43,566. Shipping fees: program service expenses 35,790. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,790. Training-staff/trustees: program service expenses 22,345. Management and general expenses 6,071. Fundraising expenses 943. Total expenses 29,359. Dues & subscriptions: program service expenses 16,391. Management and general expenses 3,218. Fundraising expenses 210. Total expenses 19,819. Packing/supplies: program service expenses 18,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,774. Payroll processing fee: program service expenses 0. Management and general expenses 17,331. Fundraising expenses 0. Total expenses 17,331. Promotion/brochures/design: program service expenses 13,587. Management and general expenses 0. Fundraising expenses 25. Total expenses 13,612. Interpretive program: program service expenses 13,586. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,586. Intern program: program service expenses 12,555. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,555. Royalties: program service expenses 11,893. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,893. Entertainment: program service expenses 2,877. Management and general expenses 6,157. Fundraising expenses 2,114. Total expenses 11,148. Maintenance of collection: program service expenses 10,957. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,957. Seminar programs: program service expenses 10,003. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,003. Supplies - household: program service expenses 8,094. Management and general expenses 644. Fundraising expenses 500. Total expenses 9,238. Alarm & security: program service expenses 6,292. Management and general expenses 776. Fundraising expenses 66. Total expenses 7,134. Grounds maintenance: program service expenses 6,478. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,478. Bank charges: program service expenses 641. Management and general expenses 5,073. Fundraising expenses 0. Total expenses 5,714. Contributions: program service expenses 0. Management and general expenses 5,100. Fundraising expenses 0. Total expenses 5,100. Tour supplies: program service expenses 4,914. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,914. Parking: program service expenses 4,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,320. Incentive supplies: program service expenses 0. Management and general expenses 0. Fundraising expenses 3,235. Total expenses 3,235. Coordinators: program service expenses 2,810. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,810. Photo: program service expenses 2,271. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,271. Auto expense: program service expenses 1,286. Management and general expenses 312. Fundraising expenses 120. Total expenses 1,718. Tickets: program service expenses 1,493. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,493. Special tours: program service expenses 1,381. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,381. Archive supplies: program service expenses 894. Management and general expenses 0. Fundraising expenses 0. Total expenses 894. Miscellaneous: program s”

“The process has not changed.”