Rosemount Museum Inc

“Members shall be persons who pay annual dues to the Museum. Each member shall be entitled to one vote regardless of class.”

“ALL MEMBERSHIP CLASSES VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. One Director shall be a direct descendant of the John A. Thatcher Family, designated by the descendants of the three donors of Rosemount, and this person may be re-appointed every three years indefinitely.”

“The FOLLOWING ACTS to be approved by the MEMBERSHIP BODY: (1) AMENDMENTS TO THE ORGANIZATION'S BYLAWS AND (2) removal from office of any Board Member, including officers, and the election of his or her successor.”

“Form 990 is explained to the entire board during a board meeting prior to the submission of their form 990 to the internal revenue service.”

“The museum requires the disclosure by each board member of any contemplated transaction between the museum and any entities in which they have any involvement. At each board meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict.”

“THE BOARD OF DIRECTORS COMPLETES AN ANNUAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR. THE BOARD REVIEWS COMPENSATION INFORMATION ON THE COMPENSATION OF INDIVIDUALS IN LIKE POSITIONS AND IN COMPARABLE ORGANIZATIONS. THE BOARD APPROVES ANY CHANGES IN COMPENSATION BASED ON MERIT, PERFORMANCE, MARKET ADJUSTMENTS, and budgetary constraints. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE.”

“The organization will provide in a timely manner, copies of all governing documents, including its conflict-of-interest policies and financial statements when requested in writing or in person.”

“The organization has an audit committee that assumes responsibility for selecting the independent auditor for the financial statement audit. This process has not changed from prior years.”