Swc Museum Corp

“The executive committee of the board is composed of the officers of the organization. When the board is not in session, the executive committee has the power and authority to transact all regular business of the organization, subject to any prior limitation imposed by law, the board, or the bylaws. The executive committee reports all actions it takes to the board at the board's next meeting."”

“Rabbi marvin hier and alan hier have a familiy relationship”

“Before filing, form 990 and supplemental information, the form 990 is sent to all board members for their review, questions and comments. The chief financial officer is available to either meet in person or discuss via telephone or zoom any questions or comments board members may have on the form 990.”

“The organization monitors and enforces the conflict of interest policy in the following manner: if there is an actual or possible conflict of interest, an interested person (one with a direct or indirect financial interest) must disclose the existence of his or her financial interest and all material facts to the board or a committee with board delegated powers that is considering a proposed transaction or arrangement. If the committee determines that there is a conflict, that interested person will not be part of the decision making process except to provide information that committee determines is needed for the decision. If the board or a committee has reason to believe that a member failed to disclose actual or possible conflicts of interest, they will investigate the matter and take disciplinary and corrective action if warranted.”

“Swc museum corp. Provides a compensation program to its executive leadership team designed to attract and retain key leaders who help the museum deliver on its mission and ensure that we obtain and expend the resources we need to serve our mission and exempt purpose. To ensure that we adhere to the principles in our mission, the board appointed a compensation committee to provide governance and oversight over the compensation of our senior executives, including the ceo. The committee maintains a compensation philosophy for governance purposes over executive compensation. The committee's philosophy is to compensate the executives fairly and competitive with market for comparable roles among similarly situated organizations. The compensation committee annually reviews the salaries and benefits of all employees and recommends the compensation and benefit level for all employees. The compensation committee from time to time takes into consideration salaries of other organizations and for the ceo, officers and key employees, the compensation committee reviews from time to time form 990 of other similarly situated organizations. To ensure that the committee has access to relevant market comparability in order to make its determination as to the reasonableness of compensation, the committee may, from time to time, retain an independent consultant to evaluate the compensation provided to the executives and advise the committee as to its reasonableness. The committee did retain an independent compensation consultant most recently in august 2018. Upon completion of its study, the consultant provided its opinion to the committee that the compensation provided by swc museum corp. To the executives was competitive with relevant market comparability data and was reasonable. The recommendations of the compensation committee each year are reviewed by the executive committee of the board and upon the recommendations being acceptable to the executive committee, are submitted to the board for its approval and implementation. In addition, the chairman of the board or a board member designated by the chairman will discuss individually with the chief executive officer the employee's performance during the past year. Pursuant to the conflict of interest policy, no individual whose compensation is being determined may be part of the compensation determination process. The decision-making process of the compensation committee is documented contemporaneously in its minutes.”

“Governing documents, financial statements and conflict of interest policy are available upon request.”

“Board members contribute their time and services upon request and on an as-needed basis, which, throughout the year, may differ from the average number of hours per week included in part vii.”

“The organization is not the employer of record for its employees and does not file a form w3.”

“Professional fees: program service expenses 0. Management and general expenses 794,314. Fundraising expenses 124,287. Total expenses 918,601.”

“Swc museum corp. Raises funds to utilize in the construction of a center for human dignity and a museum of tolerance in jerusalem, israel. In accordance with gaap, swc museum corp. Capitalizes costs associated with the construction of the center and museum. All expenses related to program services are currently being capitalized while the center and museum are under construction. Upon competition of the center and museum, all program service expenses will no longer be capitalized.”

“The organization has an executive committee who is responsible for the oversight of the financial statements and the 990 tax return.”

“Adjustment due to compliance with fasb 958 revenue recognition”