School for Advanced Research

“Committees include academic and artistic affairs(aaa),audit, development, finance, governance & nominations. These committees are made up of board members and sar functional staff directors. The aaa committee does have two non-board members. Aaa oversees accession and de-accession recommendations, policies regarding the collection and matters and policies concerning the school's scholar programs. The audit committee reviews the annual audited financial statements, the 990 tax filing, and risk managment concerns. The finance committee reviews financial matters including periodic financial results to budget, approval of annual budget, review of investment portfolio perfomance and makes recommendatiosn regarding investment policies and practices. The governance committee reviews general oversight of the organization, including policies and practices. The governance committee reviews general oversight of the organization, including policies and practices, nomination and vetting of prospective board members, legal considerations and trends of interest to school's practices and mission.”

“The form 990 is distributed to all board members via email prior to filing. Board members are given approximately two weeks to review, comment, or ask questions. After the review period closes and no further comments are made, the report is filed.”

“Effective november of 2013, the board adopted a more formal policy that now requires board members to be asked to review the conflict of interest policy annually and sign a statement that they are not in conflict with the policy each year. Each board member is covered under the conflict of interest policy administered by the governance committee. If a potential material conflict is identified, the governance committee presents the information to the board for review. The board then votes on what action to take and/or restrictions or disciplinary action to impose. Documentation of any action is recorded in the minutes of the related governance committee meeting.”

“For the president's position, a committee is formed of board members to review the job description and the compensation to be offered. The terms of the employment agreement reflect the duties and responsibilities of the position as well as the compensation. For other key positions, a comparative review is made of similar positions with similar organizations and compensation ranges are compiled reflecting qualiications, education and experience of candidate profiles.”

“The form 990 is made available to the public as follows: 1. Posted to the sar website at www.sarsf.org 2. Filed with the nm department of justice.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public through the annual report.”

“Other services: program service expenses 673,724. Management and general expenses 53,181. Fundraising expenses 59,422. Total expenses 786,327.”

“The organization has not changed its oversight or selection process during the tax year.”