San Luis Obispo Childrens Museum

“Form 990 is reviewed by the board's finance committee which in turn recommends full board approval of the 990. The finance committee meets every other month.”

“Annual statements are required to be completed by board members disclosing any possbile conflicts. Statements are reviewed by the board and throughout the year if there is any reason to believe that a conflict has not been disclosed it is dealt with a board meeting.”

“The board of directors will discuss and decide upon the executive director's compensation and benefits once a year, before the executive director's annual review. A recommendation will be brought to the board of directors meeting by the executive board with input from the finance committee for further discussion by the board of directors. A bonus policy is in place as follows: in the first quarter of the bonus year the executives of the organizational will determine the metric, or combination thereof, for which the bonus will be determined for the bonus year. The metrics will be based on the board's current focus for the organization. The following are examples of performance metrics that may be used. This list is not intended to be all inclusive and is subject to change by the executives of the organization. - admissions growth - attendance growth - fundraising growth - total fundraising - performance on new and existing exhibits - member satisfaction - overall performance the executive director's bonus can range between 0% and 5% of the executive director's annual salary for the bonus year in question. The bonus will be limited to discretionary cash at the time of bonus payout.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request. These documents are kept in hard copy form in the office.”