Florida Railway Heritage Museum

“Board members receive an electronic copy of the form 990 draft for their review. Comments and questions are addressed before final filing of the form 990.”

“Persons covered by this policy are floridageorgia railway heritage museum, inc. Board directors, directors, committee chairs, committee members, contract service providers, or any other individual within the organization to make financial decisions. Individuals covered by this policy shall annually disclose to the chairman of the board of directors, on a form provided by the organization, their interest that could give rise to conflicts of interest, such as a list of family members employed or providing services to the organization, substantial business investment holdings that are used by the organization and other transactions with businesses, and other organizations of those family members. For each interest disclosed to the chairman of the board of directors, the chairman will determine whether to: a) assure full disclosure to the board of directors to assess if there is an actual conflict of interest that interferes with the goals of the organization, b) ask the person to recuse from participating in any related discussions or decisions with relationship to that conflict of interest, or c) the policy does not prohibit any individual described within it from providing services to the organization with board approval. Responsibility for monitoring ongoing conflicts of interest shall be with the organization board of directors.”

“The board will review compensation levels through competitive process or non-profit market research to determine compensation levels for staff, directors, officers and other service providers. The board will choose the best bid or offer for services which meets the organizations requirements for skills and relevant experience to help further the charitable purposes of floridageorgia railway heritage museum, inc. The board will use the following guidelines to help make its determinations and will follow floridageorgia railway heritage museum, inc.s conflict of interest policy to ensure that disinterested board members assess and make a decision, on the record, for each situation. Board guidelines include: (1) assessing the nature and scope of each type of service. (2) assessing the basis for which compensation is paid to directors, officers or other service providers holding such positions including unique background, experience, personal skills, exceptional performance, additional duties and abilities, and challenges facing floridageorgia railway heritage museum, inc. That require the use of such attributes or skills. (3) obtaining appropriate and comparable compensation market data including data from similarly situated organizations, both for-profit and tax-exempt, for functionally comparable services, the availability of similar specialties in the geographic area, and where available and reasonably priced/acquired.”

“Governing documents are made available upon request.”

“Program: contractor expense $35,882 management & general: contractor expense $8,970”

“Program: pest control $1,026, shipping & delivery $172, track use $17,191, track lease $59,261, train excursion expense $65,045, miscellaneous program expenses $1,685 management & general: bank fees $1,384, pest control $257”