Gainesville Fine Arts Association

“A copy of the Form 990 is sent to each board member for review and included in the next board meeting agenda for discussion. At the board meeting the form is reviewed, discussed and any questions or concerns are addressed. Meeting minutes are used to track all comments and questions concerning the 990 return.”

“During each board meeting, we thoroughly discuss each of our board members activities regarding the organization. During this time, we keep in mind whether any of their activities would be a conflict of interest based on the conflict of interest form each of our board members sign annually for our 990 filing.”

“To determine the compensation amounts for our executive director we begin with a review of the salaries being paid to comparable roles at other organizations. With these figures and a review of last years salaries, the president and treasurer determine the appropriate salary and whether an increase is required. Once this figure is calculated, it is presented to the Board where questions and possible adjustments can be made and approved. All of the comments and adjustments are contemporaneously documented during each of our board meetings.”

“To determine the compensation amounts for our operations assistant, we begin with a review of the salaries being paid to comparable roles at other organizations. With these figures and a review of last years salaries, the president and treasurer determine the appropriate salary and whether an increase is required. Once this figure is calculated, it is presented to the Board where questions and possible adjustments can be made and approved. All of the comments and adjustments are contemporaneously documented during each of our board meetings.”

“In addition to providing detailed board meeting notes and our mission statement on our website, any additional documents or information can be provided upon request.”