Tulsa Air & Space Museum Inc

“Form 990 is reviewed by the executive committee and electronically provided to the board of directors prior to the return being filed.”

“For board members and the executive director, the executive committee is responsible for reviewing and monitoring all signed annual affirmation of compliance and disclosure statements; for staff or volunteers, the signed annual affirmation of compliance and disclosure statements are reviewed and monitored by the executive director. The following procedures are used in enforcing actual or potential conflicts: an interested party who has an actual or potential conflict of interest with respect to a proposed action or transaction of the corporation shall not in any way participate in, or be present during, the deliberations and decision making of the organizaton with respect to such action or transaction. The interested party may upon request, be available to answer questions or provide material factual information about the proposed action or transaction; the disinterested members of the board of directors may approve the proposed action or transaction upon finding that is is in the best interest of the corporation. The board ahll consider whether the terms of the proposed transaction are fair and reasonable to the organization and whether it would be possible, with reasonable effort, to find a more adventageous arrangement with a party or entity that is not an interested or affiliated party; approval by the disinterested members of the board of directors shall be by vote of a majority vote of directors in attendance; and the minutes of the meeting shall reflect that the conflict disclosure was made, the vote taken and, where applicable, that the interested party abstained from participation and voting. The following procedures are used in addressing violations of the policy: if the board of directors has reason to believe that an interested party has failed to disclose an actual or potential conflict of interest, it shall inform the person of the basis for such belief and afford the person an opportunity to explain the alleged failure to disclose. If after hearing the response of the interested party and making sure further investigation as may be warranted in the circumstances, the board determines that the interested party has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“All salary reviews must be approved by the executive committee and salaries are subject to review against comparable non-profit organizations in the tulsa area, as wells as experience and expertise.”

“The organization does not make its documents, policies, or financial statements available to the public. Form 990 is made avaialble to donors who request a copy or require one for a grand application.”

“Revenue shown net of expenses on tax rtn 21,957 revenue shown net of expenses on tax rtn -21,957”