Preservation Austin

“During the fiscal year the organization amended its bylaws by: - reducing maximum board size from 39 to 25, - reinstating term limits to allow directors to serve two consecutive three - year terms, - broadening language to state that the board has the discretion to designate non-voting ex-officio seats without naming those organizations, - removing non-unanimous written consent provisions and replaced them with unanimous written consent provisions, - specifying powers of the executive committee to include strategic oversight, performance monitoring, planning and conducting an annual assessment and review of the executive directors compensation and benefits, -creating procedures by which the executive committee can vote on behalf of the board for nominal, routine actions which must be ratified by the board at subsequent board meetings, except to amend bylaws, elect/remove board members, hire and fire the executive director,approve or change the budget (does not include emergency expenditures), make major structural decisions (add or eliminate programs, approve mergers, or dissolve the corporation), make major investments (real estate, stock, etc.).”

“The organization has members.”

“Members elect authorized members to the board of directors.”

“The form 990 was reviewed by the executive director and treasurer with the preparing cpa.”

“The conflict of interest policy is monitored by the executive committee, the board, and the executive director. Members recuse themselves from conflicts of interest on votes and issues.”

“Preservation austin may compensate the executive director in such manner as the board of directors determine appropriate, and may, from time to time, enter into contracts with the executive director containing such terms and conditions as the board of directors may approve.”

“Preservation austin makes its governing documents, policies, and financial statements including form 990 available upon request.”