Marco Island Historical Society Inc

“The marco island historical society has no shareholders but, instead, members who pay dues to the organization. The organization has over 373 members.”

“Nominating committee: at the regular july board meeting, the president with the advice and approval of the board shall appoint a three (3) member nominating committee with the president-elect serving as chairman. If there is no president- elect, then the president shall appoint a chairperson. The nominating committee shall see that the election of members of the board of directors is carried out according to the terms and conditions of these by-laws, and to declare the true results of said election by written report to the board of directors. Section 2. Selection of directors: on or about, september board meeting, the nominating committee shall present a slate of candidates to replace (or to retain, if a director runs for re-election) the directors whose regular three-year terms are expiring or who have been appointed to fill a vacancy of a directors position during the year. The candidates willingness to accept directorship responsibility shall be confirmed by the committee. Nominations shall be made in such a manner so as to provide opportunity for representation from as many diverse members as possible. Petition: additional names of candidates for directors can be nominated by petition bearing the genuine signature of at least ten percent (10%) of the qualified members of the marco island historical society, inc. A qualified member of the marco island historical society, inc. Is one which has been a member for at least six (6) months prior to the date of issuance of the list of candidates by the secretary. Such petition shall be filed with the nominating committee within ten (10) days after notice has been given of those nominated. The determination of the nominating committee as to the validity of the petition shall be final. Section 5. Determinations: if no petition is filed within the restrictions of section 4, the nominations shall be declared closed and the nominated slate of candidates shall be elected by the membership, at the regular annual business meeting of mihs. If additional candidates shall be nominated by a petition declared valid by the nominating committee, the names of all shall be arranged on a ballot in alphabetical order for election by the general membership. Voting can be by written ballot, voice, or by hand vote as determined by the election committee. The election committee shall count the ballots and report the results to the board at their next meeting. At this time, the board shall vote to elect the candidates receiving the most votes. The board of directors shall serve as the legislative body of the marco island historical society, inc., and shall: 1. Establish policies which provide the framework for its decision-making responsibility on all matters affecting the civic and economic well-being of the marco island historical society, inc. As deemed appropriate by the board: 2. Create such committees and specialized task forces as it may, from time to time, deem advisable for the efficient operation of the corporation; 3. Approve rules of procedure, other than by-laws, which shall serve to guide the organization in the pursuance of its proper duties; 4. Approve the employment of the mihs executive director if one is engaged.”

“The 990 tax return is reviewed and discussed by the ceo, treasurer, assistant treasurer and president of the board.”

“The standard of behavior at the marco island historical society (mihs) is that all staff, volunteers, committee members and board members scrupulously avoid conflicts of interest between the interests of mihs on one hand, and personal, professional, and business interests on the other. This includes avoiding potential and actual conflicts of interest, as well as perceptions of conflicts of interest. The purposes of this policy are to protect the integrity of the mihs's decision making process, to enable our constituencies to have confidence in our integrity, and to protect the integrity and reputations of volunteers, staff, committee members and board members. Upon or before election, hiring, or appointment, the applicant will make a full, written disclosure of interests, relationships, and holdings that could potentially result in a conflict of interest. This written disclosure will be kept on file and will be updated as appropriate. During meetings or activities of the mihs, the staff, volunteer, committee member or board member will disclose any interests in a transaction or decision where they (including their personal business or other nonprofit affiliations), their family, and/or their significant other, employer, or close assiciates will receive a benefit or gain. After disclosure, they understand that they will be asked to leave the meeting for the discussion and will not be permitted to vote on the question. Mihs staff, volunteers, committee members and board members understand that this policy is meant to supplement good judgement and will respect its spirit as well as its wording.”

“The chief executive officer's compensation is determined by the executive committee of the marco island historical society according to its by-laws after comparing current compensation with benchmarks in southwest florida. The compensation reccommendation is then reviewed by the full board of directors as part of the annual budget process. Key employees compensation is recommended by the chief executive officer to finance committee as part of the annual budget process and reviewed with the full board of directors as part of their approval of the annual operating budget.”

“Listed on guidstar.com and available upon request from the organization.”

“The marco island historical society, inc. Is organized for the purpose of preserving the history and heritage of marco island and the surrounding areas, promoting and maintaining an awareness of our area's history, and its importance for its members and the community. In furtherance of this purpose the marco island hisorical society, inc.: - provides programs and promotes historical awareness in the community; - encourages positive interactions among the marco island historical society, inc., its members and the residents, government and other community organizations, neighboring communities, and vistors to marco island; - supports all activities believed to be beneficial to the community and its members; - speaks for its membership in city, county, state, and national legislative and governmental matters; - operates and maintains at the marco island historical museum, the gift shop, the offices of the society, and the rose history audirorium; - raises and provides funding for exhibits, displays, programs of both the society and of the marco island historical museum.”

“Part ix line 24a raymond james on october 1, 2021, the raymond james charitable endowment fund discussed below was transferred to a designated fund located at the collier county community foundation ("the foundation"). The designated fund was named the marco island historical society endowment fund ("the fund"). For accounting and auditing purposes the marco island historical society endowment fund which had a fund balance of 1,402,014 for the year ended december 31, 2021, is considered to be an asset of the foundation and not an asset of marco island historical society. The marco island historical society still receives an annual distribution from the fund equal to 5% of the invested assets. Any earnings in excess of those distributed to the marco island historical society accrue to the benefit of the marco island historical society and should increase the dollar amount of distributions to the marco island historical society in future years. The fund is considered a component fund of the foundation and is not a separate trust. The assets of the fund are under common management of the foundation. The component fund is governed by the articles of incorporation and bylaws of the foundation. In the event of an emergency funding need, for example post hurricane repairs, the marco island historical society ma apply to the foundation for an emergency distribution. Prior to october 1, 2021, the raymond james charitable endowment fund account was being managed by raymond james for investment purposes. The charity advised account was titled marco island historical society endowment fund. The organization had requested an investment strategy to provide a balanced allocation of growth and income producing investments. Raymond james trust n.a. Served as the trustee for the raymond james charitable fund and was responsible for maintaining the donor records, reviewing requests for emergency distributions from the fund, and for calculating the annual unitrust distributions to the marco island historical society. The agreement allowed for a distribution equal to 5% of the fair market value of the account as of the end of the previous calendar year. The organization reported the fair market value of the fund as beneficial interest in assets held on the statements of financial position. The distributions were reported as investment income, without donor restrictions and the changes in value of the fund were reported as investment income with donor restrictions on the statement of activities.”

“Fundraising expenses 23,041 fundraising expenses -23,041”