2026-08-26T11:40:09-05:00 2025-12-31 824158464 DAVIS & COMPANY CPAS PO BOX 1552 MOUNT PLEASANT SC 29465 990 2025-01-01 570323800 THE SOUTH CAROLINA HISTORICAL SOCIETY SOUT 8437233225 100 MEETING STREET CHARLESTON SC 29401 DR ELIZABETH CHEW CHIEF EXECUTIVE OFFICER 8437233225 2026-08-26 1 ZOE DAVIS P01057590 8438813315 2026-08-26 2025 2025-03-06 01:10:19Z X DR ELIZABETH CHEW 100 MEETING STREET CHARLESTON SC 29401 1635332 0 X SCHSONLINE.ORG X 1855 SC THE SCHS MISSION IS TO EXPAND, PRESERVE, AND MAKE ACCESSIBLE OUR INVALUABLE COLLECTION, AND TO ENCOURAGE INTEREST AND PRIDE IN THE RICH HISTORY OF OUR STATE. 24 24 17 5 0 0 2094283 1397033 87403 94647 776018 112511 52499 31141 3010203 1635332 0 0 0 0 1068986 1113313 0 0 156207 889016 962635 1958002 2075948 1052201 -440616 11170834 11532622 60025 54132 11110809 11478490 X THE SCHS MISSION IS TO EXPAND, PRESERVE, AND MAKE ACCESSIBLE OUR INVALUABLE COLLECTION, AND TO ENCOURAGE INTEREST AND PRIDE IN THE RICH HISTORY OF OUR STATE. 0 0 386997 13330 ARCHIVALTHE SOCIETY HAS APPROXIMATELY 3,000 MANUSCRIPT COLLECTIONS THAT INCLUDE LETTERS, DIARIES, LEGAL PAPERS, AND OTHER DOCUMENTS DATING FROM 1670 TO THE PRESENT AND MORE THAN 10,000 OVERSIZED PLATS, MONUMENTS, MAPS AND DRAWINGS. OVER 30,000 PHOTOGRAPHS, PRINTS, AND OTHER VISUAL ITEMS ARE MAINTAINED, AS WELL AS A RESEARCH LIBRARY CONTAINING NEARLY 5,000 BOOKS SELECTED TO ADD CONTEXTUAL EVIDENCE THAT ENHANCES THE MANUSCRIPT AND OTHER ARCHIVAL HOLDINGS. THE COLLECTION ALSO INCLUDES MORE THAN 45,000 HISTORICAL PAMPHLETS AND PRINTED MATERIALS AS WELL AS HUNDREDS OF FILES AND BOOKS PERTAINING TO GENEALOGY. THE COLLECTION ALSO INCLUDES NUMEROUS ARTIFACTS RANGING FROM OVERSIZED, UNIQUE BATTLE FLAGS TO SMALL, PERSONAL ITEMS. MOST OF THE COLLECTION IS HOUSED AT THE COLLEGE OF CHARLESTON'S ADDLESTONE LIBRARY SPECIAL COLLECTIONS AREA. WITH THE MUSEUM INSTALLATION IN 2018 SELECTED ITEMS ARE EXHIBITED IN THE FIREPROOF BUILDING. ALSO, SOME ADMINISTRATIVE RECORDS ARE MAINTAINED IN THE SOCIETY'S HEADQUARTERS.THE BOARD OF MANAGERS ADOPTED THE POLICY TO NOT CAPITALIZE ITS COLLECTION BECAUSE IT IS IMPRACTICABLE TO ATTEMPT TO ASSIGN VALUES TO THE COLLECTION BECAUSE EACH ITEM HAS CERTAIN ATTRIBUTES, SUCH AS AGE, PREPARATION, TYPE OF CULTURAL MATERIAL AND RELATIONSHIP TO OTHER HISTORICAL DOCUMENTS, PERSONS OR EVENTS IN THE SOUTH CAROLINA HISTORY THAT MAKE IT DIFFICULT TO DETERMINE AN OBJECTIVE BASIS FOR EVALUATION. THE SOCIETY DOES NOT CONSIDER THE COLLECTIONS A FINANCIAL ASSET, BUT RATHER AN IRREPLACEABLE TREASURE OF SOUTH CAROLINA CULTURE TO BE PRESERVED FOR FUTURE GENERATIONS.THE SOCIETY'S LIBRARIAN AND ARCHIVISTS OPERATE OUT OF ADDLESTONE LIBRARY WHERE THEY MANAGE THE COLLECTION, PROVIDE REFERENCE SERVICE AND ASSIST PATRONS IN THE RESEARCH ROOM. THE READING ROOM THERE IS OPEN MONDAY THROUGH FRIDAY. THE STAFF PROMOTES THE USE OF THE COLLECTION THROUGH SUCH ACTIVITIES AS CLASSROOM VISITS, PRIVATE TOURS OF THE COLLECTION, AND SPEAKING ENGAGEMENTS TO COMMUNITY ORGANIZATIONS. COLLEGE CLASSES IN PRESERVATION, CONSERVATION AND/OR FREQUENTLY VISIT THE BUILDING FOR HANDS-ON EXPERIENCE. 474346 65683 OUTREACH, EDUCATION, AND PUBLIC PROGRAMMING THE SOUTH CAROLINA HISTORICAL SOCIETY (SCHS) EDUCATES AND ENGAGES THE PUBLIC ABOUT SOUTH CAROLINA HISTORY AND ITS COLLECTIONS THROUGH A COMPREHENSIVE OUTREACH, EDUCATION, AND PUBLIC PROGRAMMING INITIATIVE. SCHS UTILIZES A WEBSITE (HTTPS://SCHISTORY.ORG/), ACTIVE SOCIAL MEDIA PLATFORMS (INSTAGRAM AND FACEBOOK), VIRTUAL AND IN-PERSON PROGRAMS, LECTURES, AND PUBLICATIONS TO REACH AUDIENCES STATEWIDE. PUBLISHING SOUTH CAROLINA HISTORY IS CENTRAL TO THE SOCIETY'S MISSION. SCHS BEGAN PUBLISHING ITS COLLECTIONS PRIOR TO THE CIVIL WAR AND HAS PUBLISHED THE SOUTH CAROLINA HISTORICAL MAGAZINE SINCE 1900. THE MAGAZINE IS A PEER-REVIEWED SCHOLARLY JOURNAL OVERSEEN BY AN EDITORIAL BOARD OF LEADING HISTORIANS AND PUBLISHES EIGHT ARTICLES ANNUALLY, ALONG WITH APPROXIMATELY FIFTY BOOK REVIEWS AND TWENTY NEWLY PROCESSED MANUSCRIPT LISTINGS IN QUARTERLY ISSUES. SCHS ALSO PUBLISHES CAROLOGUE, A POPULAR HISTORY MAGAZINE FEATURING ACCESSIBLE ARTICLES, PHOTO ESSAYS, AND UPDATES ON SOCIETY PROGRAMS AND EVENTS. SCHS PROVIDES EDUCATIONAL PROGRAMMING FOR TEACHERS, STUDENTS, AND LIFELONG LEARNERS, INCLUDING ITS TRAVELING ARCHIVE PROGRAM, WHICH BRINGS REPRODUCTIONS OF PRIMARY SOURCE MATERIALS DIRECTLY INTO CLASSROOMS ACROSS THE STATE. THE SOCIETY WORKS CLOSELY WITH EDUCATORS TO ALIGN PROGRAMMING WITH CURRICULUM STANDARDS AND SUPPORT THE USE OF PRIMARY SOURCES IN TEACHING. SCHS ALSO HOSTS LECTURES, PANEL DISCUSSIONS, AND PUBLIC PROGRAMS AT THE FIREPROOF BUILDING MUSEUM AND AT PARTNER SITES THROUGHOUT SOUTH CAROLINA, OFFERING BOTH IN-PERSON AND VIRTUAL OPPORTUNITIES THAT BROADEN ACCESS TO HISTORY, ENCOURAGE ENGAGEMENT WITH THE SOCIETY'S COLLECTIONS, AND SUPPORT STATEWIDE LEARNING AND RESEARCH. 447758 47654 FIREPROOF BUILDING AND MUSEUM: THE BUILDING WAS DESIGNED BY ROBERT MILLS, A NATIVE SOUTH CAROLINIAN AND THE FIRST PROFESSIONALLY TRAINED AMERICAN ARCHITECT. MILLS ALSO DESIGNED THE WASHINGTON MONUMENT -HIS MOST FAMOUS WORK- AND NUMEROUS BUILDINGS THROUGHOUT SOUTH CAROLINA AND AS FAR NORTH AS MASSACHUSETTS. THE FIREPROOF BUILDING WAS THE FIRST IN AMERICA DESIGNED TO LIMIT THE SPREAD OF FIRE. THE DRIVERS OF ARCHITECTURAL DESIGN IN CHARLESTON TODAY ARE EARTHQUAKES AND HURRICANES. IN THE EARLY NINETEENTH CENTURY, THE MAJOR CONCERN FOR URBAN ARCHITECTURE WAS FIRE. DURING THE COLONIAL PERIOD, CHARLESTON (AND MANY OTHER CITIES) EXPERIENCEDNUMEROUSFIRES IN WHICH LARGE PARTS OF THE CITY WERE DESTROYED. MILLS WANTED TO CREATE A BUILDING THAT COULDCONTAINA BLAZE AND PREVENT IT FROM SPREADING TO OTHER BUILDINGS IN THE CITY. TO MAKE THE BUILDING AS "FIREPROOF" AS POSSIBLE, MILLS HAD CHALMERS STREET WIDENED TO PROVIDE A BETTER FIREBREAK. HE HAD ALLOTHERBUILDINGS ON AND AROUND THE SITE REMOVED. DURING THE 2016-2018 RENOVATION, CREWS FOUND FOUNDATIONS OF DWELLINGS THAT DATEDTO CA.1700-1720. MILLS ALSO DESIGNED WASHINGTON SQUARE, WHICH WOULD SERVE AS A FIREBREAK ON EITHER SIDE OF THE BUILDING. INDEED, THE ENTIRE SITE WAS DESIGNED TO BE FIREPROOF, NOT JUST THE BUILDING. THE SCHS MUSEUM, HOUSED IN THE HISTORIC FIREPROOF BUILDING,CONTAINS6 GALLERIES THAT TELL THE STORY OF SOUTH CAROLINA THROUGH THE VAST COLLECTION OF THE SOCIETY.THE GALLERIES, WHICH ARELOCATEDON THE SECOND (MAIN) FLOOR, ARE: GALLERY I: A HAVEN WITH PROSPECTS: EXPLORATION AND SETTLEMENT GALLERY II: NEW HORIZONS: BUILDING A STATE AND A NATION GALLERY III: SECESSION, WAR AND RECONSTRUCTION GALLERY IV: CHARLESTON RECOVERS GALLERY V: CELEBRATING DIVERSITY IN ART, LITERATURE, AND CULTURE GALLERY VI:VOICES OF REVOLUTION IN SOUTH CAROLINA(ROTATING OPENED SEPTEMBER 2025) 339620 339620 1648721 1 1 0 1 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 14 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X VIRGINIA ELLISON CO SC HISTORICAL SOCIETY 8437233225 100 MEETING STREET CHARLESTON SC 29401 X MICHAEL M BEAL BOARD MEMBER 2.00 X 0 0 0 KAREN STRICKLAND BOARD MEMBER 2.00 X 0 0 0 LESLIE A COTTER JR BOARD MEMBER 2.00 X 0 0 0 HENRY B FISHBURNE JR BOARD MEMBER 2.00 X 0 0 0 EDWARD B GRIMBALL BOARD MEMBER 2.00 X 0 0 0 DOROTHY KENDALL BOARD MEMBER 2.00 X 0 0 0 R MONTAGUE LAFFITTE III BOARD MEMBER 2.00 X 0 0 0 VALINDA LITTLEFIELD BOARD MEMBER 2.00 X 0 0 0 JOHN MCCABE BOARD MEMBER 2.00 X 0 0 0 ALEX PAPPAS BOARD MEMBER 2.00 X 0 0 0 MINOR SHAW BOARD MEMBER 2.00 X 0 0 0 JOHN VON LEHE JR BOARD MEMBER 2.00 X 0 0 0 PAT APPERSON BOARD MEMBER 2.00 X 0 0 0 GOVERNOR MATTHEW BLUNT BOARD MEMBER 2.00 X 0 0 0 DAVID B MCCORMACK BOARD MEMBER 2.00 X 0 0 0 MICHAEL B MOORE BOARD MEMBER 2.00 X 0 0 0 RUTHIE RAVENEL BOARD MEMBER 2.00 X 0 0 0 W EDWARD SENN BOARD MEMBER 2.00 X 0 0 0 BRITTANY V LAVELLE TULLA BOARD MEMBER 2.00 X 0 0 0 ELIZABETH CHEW CEO AND EX-OFFICIO 40.00 X 206021 0 38594 VIRGINIA ELLISON COO & DIRECTOR OF COLLECTI 40.00 X 124889 0 23041 TARYN MASON CHIEF DEVELOPMENT OFFICER 40.00 X 125493 0 23244 WILLIAM S DAVIES JR CHAIR, EX-OFFICIO 5.00 X X 0 0 0 KESTER FREEMAN CHAIR 5.00 X X 0 0 0 JOHN MCCARDELL JR VICE CHAIR 5.00 X X 0 0 0 STEPHEN OSBORNE TREASURER 5.00 X X 0 0 0 KATHLEEN CRUM KCKINNEY SECRETARY 5.00 X X 0 0 0 456403 0 84879 3 0 1 0 0 7680 15396 1373957 1397033 PROGRAM FEE INCOME 513190 65780 65780 LIBRARY FEES AND SERVI 541990 18306 18306 MUSEUM TICKET SALES 513190 10561 10561 94647 112511 112511 OTHER REVENUE 513190 31141 31141 31141 1635332 238299 0 0 541282 443512 70705 27065 386596 316768 50499 19329 57840 47393 7555 2892 55863 45773 7297 2793 71732 58775 9370 3587 30520 30520 43129 43129 52532 43043 6862 2627 38455 38455 1794 1470 234 90 13517 11075 1766 676 21042 17241 2749 1052 9168 7512 1198 458 308705 252945 40325 15435 63962 52409 8355 3198 BUILDING MAINTENANCE 96475 79049 12602 4824 PROGRAM 73011 73011 PUBLICATIONS 64673 64673 EXHIBIT EXPENSE 50987 50987 94665 83085 8374 3206 2075948 1648721 271020 156207 925505 994446 101553 225000 125702 62322 35358 47727 6302033 2105767 4362622 4196266 5620094 6006861 11170834 11532622 60025 54132 60025 54132 X 7712432 7637648 3398377 3840842 11110809 11478490 11170834 11532622 -440616 808297 0 X X 0 1 X 1 0 X 719323 608923 902315 2094283 1397033 5721877 719323 608923 902315 2094283 1397033 5721877 5721877 124830 136632 115305 127689 112511 616967 12166 3213 42715 52499 31141 141734 6480578 903754 0.88290 0.87270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30520 0 0 0 0 0 0 0 0 1 30520 30520 0 PART I-A, LINE 1: CONSULTING SERVICES FOR THE CONTINUED FUNDING ALLOCATIONS FROM THE STATE BUDGET. X X X X 0 5721647 11066 920808 378531 43129 6231861 5177080 84300 687377 187705 39405 5721647 4357282 124000 972160 241900 34462 5177080 5463729 110386 -1183654 33179 4357282 5003447 133700 515418 151179 37657 5463729 0.63000 0.07000 0.30000 0 0 800000 800000 3551878 1359393 2192485 233221 89260 143961 1716934 657114 1059820 4196266 X 1592203 0 1592203 43129 43129 1635332 2032819 0 2032819 43129 43129 2075948 PART III, LINE 1A: THE SOCIETY FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD FASB ASC 958-310-50, COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATIONS ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH FUNDS WITHOUT DONOR RESTRICTIONS AND AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF PURCHASED WITH DONOR RESTRICTED FUNDS. GAINS FROM THE SALE OF COLLECTION ITEMS THAT ARE NOT REINVESTED IN THE PURCHASE OF NEW COLLECTION ITEMS ARE RECORDED AS INCREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECORDED IN THE STATEMENT OF ACTIVITIES. A COLLECTION INVENTORY IS MAINTAINED THAT LIST A DESCRIPTION OF THE ITEM, SOURCE, AND STORAGE LOCATION. THE ARCHIVIST KEEPS THE DETAIL LIST UP TO DATE. PART III, LINE 4: SOUTH CAROLINA HISTORICAL SOCIETY (THE SOCIETY) IS A NONPROFIT CORPORATION ORGANIZED IN 1855 TO COLLECT AND PRESERVE MANUSCRIPTS, DOCUMENTS, MAPS, CHARTS, BOOKS, GENEALOGIES, WORKS OF ART AND OTHER RECORDS. THEY ALSO PUBLISH MATERIAL AND PROMOTE DISSEMINATION AND APPRECIATION OF THE STATE'S HISTORY. THE ARCHIVES, AS WELL AS RESEARCH SERVICES, ARE AVAILABLE TO MEMBERS AND THE PUBLIC. THE BOARD OF DIRECTORS ADOPTED THE POLICY TO NOT CAPITALIZING ITS COLLECTION BECAUSE IT IS IMPRACTICABLE TO ATTEMPT TO ASSIGN VALUES TO THE COLLECTION BECAUSE EACH ITEM HAS CERTAIN ATTRIBUTES, SUCH AS AGE, PAPER QUALITY AND RELATIONSHIP TO OTHERS HISTORICAL DOCUMENTS OR EVENTS IN THE SOUTH CAROLINA HISTORY THAT MAKE IT DIFFICULT TO DETERMINE AN OBJECTIVE BASIS FOR VALUATION. THE SOCIETY DOES NOT CONSIDER THE COLLECTION A FINANCIAL ASSET, BUT RATHER AN IRREPLACEABLE TREASURE OF SOUTH CAROLINA CULTURE TO BE PRESERVED FOR FUTURE GENERATIONS. PART V, LINE 4: THE SOCIETY'S ENDOWMENTS CONSIST OF 28 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING PRESERVING THE COLLECTION, PUBLISHING ARTICLES ON SOUTH CAROLINA HISTORY AND EDUCATING THE PUBLIC. THE SOCIETY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR LESS THAN FIVE PERCENT OF ITS ENDOWMENT FUNDS MOVING AVERAGE FAIR VALUE OVER THE THREE YEARS PRECEDING THE YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE SOCIETY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE SOCIETY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE OF FIVE TO EIGHT PERCENT ANNUALLY. THIS IS CONSISTENT WITH THE SOCIETY OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: US GAAP REQUIRES MANAGEMENT TO EVALUATE INCOME TAX POSITIONS TAKEN BY THE ORGANIZATION AND TO RECOGNIZE AN INCOME TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS"). THE ORGANIZATION HAS IDENTIFIED ITS INCOME TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT INCOME TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH INCOME TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. 1 X X 0 0 0 0 0 0 0 0 0 ELIZABETH CHEW CEO AND EX-OFFICIO 206021 0 0 0 0 0 14001 0 24593 0 244615 0 0 0 X 51 3 0 1 0 PART I, COLUMN (B): THE 51 HISTORICAL TREASURES WERE RECEIVED THROUGH ARCHIVAL DONATIONS AND ARE INCLUDED IN THE SOCIETY'S COLLECTIONS. FORM 990, PART V, LINE 13A SC FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE SOCIETY HAS MEMBERS WITH THE POWER TO APPOINTMENT INDIVIDUALS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE SOCIETY'S MANAGEMENT AND FINANCE COMMITTEE REVIEW THE FORM 990 PRIOR TO FILING. ONCE THAT REVIEW IS COMPLETED, THE FULL BOARD OF DIRECTORS IS PROVIDED WITH A COMPLETE COPY OF THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE SOCIETY OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT SOCIETY'S CONFORM TO THE SOCIETY'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION WHEN CONDUCTING THE PERIODIC REVIEWS AS PROVIDED FOR IN ARTICLE VI, THE SOCIETY MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE GOVERNING BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15A THIS POLICY ON THE PROCESS OF DETERMINING COMPENSATION FOR THE SOUTH CAROLINA HISTORICAL SOCIETY (SCHS) APPLIES TO THE COMPENSATION OF THE FOLLOWING PERSONS EMPLOYED BY THE ORGANIZATION: THE ORGANIZATION'S CHEIF EXECUTIVE OFFICER (C.E.O.): THE C.E.O.'S COMPENSATION SHALL BE REVIEWED ANNUALLY AND APPROVED BY THE EXECUTIVE COMMITTEE WITH ASSISTANCE FROM THE FINANCE COMMITTEE AS REQUIRED. PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE C.E.O. IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE ORGANIZATION'S CHIEF OPERATING OFFICER (C.O.O), IF ANY: THE C.O.O.'S COMPENSATION SHALL BE PROPOSED BY THE C.E.O. USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE PROPOSED COMPENSATION FOR THE C.O.O. SHALL BE REVIEWED BY THE EXECUTIVE COMMITTEE WITH ASSISTANCE FROM THE FINANCE COMMITTEE AS REQUIRED BUT THE RECOMMENDATION OF THE C.E.O. SHALL BE A SIGNIFICANT FACTOR IN ANY REVIEW. THE COMPENSATION FOR THE REMAINING MEMBERS OF THE STAFF OF THE ORGANIZATION: THE C.E.O. DETERMINES STAFF SALARIES BASED ON JOB SKILLS NEEDED, EXPERIENCE, AND EDUCATION REQUIREMENTS IN COMPARISON WITH OTHER SIMILAR ORGANIZATIONS ' POSITIONS AND WHAT THE SCHS CAN AFFORD TO PAY. ONCE SALARIES ARE DETERMINED FOR THE COMING FISCAL YEAR, THE C.E.O. SUBMITS THEM TO THE BOARD FOR REVIEW AS PART OF THE BUDGET. NO INPUT FROM PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE SHALL BE CONSIDERED. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPNIG: THE EXECUTIVE COMMITTEE AND THE FINANCE COMMITTEE SHALL MAINTAIN APPROPRIATE MINUTES AND OTHER CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING ALL COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 18 HTTPS://SCHISTORY.ORG/ABOUT-US/ FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC MAY ACCESS FINANCIAL INFORMATION BY REQUESTING INFORMATION FROM THE ADMINISTRATIVE OFFICE OF THE SOCIETY. PART VI, SECTION C, LINE 19 THE SOCIETY ACKNOWLEDGES THAT THIRD PARTIES MAY USE ARTIFICIAL INTELLIGENCE ("AI") TOOLS TO REVIEW OR ANALYZE ITS FORM 990 AND RELATED PUBLIC INFORMATION. USERS ARE RESPONSIBLE FOR EVALUATING THE ACCURACY AND RELIABILITY OF ANY AI-GENERATED CONTENT. THE SOCIETY DOES NOT ACCEPT RESPONSIBILITY FOR AI-GENERATED INTERPRETATIONS, CONCLUSIONS, OR DECISIONS AND ENCOURAGES USERS TO CONTACT THE SOCIETY DIRECTLY TO VERIFY INFORMATION OR OBTAIN CLARIFICATION. FORM 990, PART VII THE BY-LAWS NOTATE THE PAST CHAIR AND CHIEF EXECUTIVE OFFICER SERVE AS EX-OFFICIO ON THE BOARD OF MANAGERS, HOWEVER THE CHIEF EXECUTIVE OFFICER DOES NOT HAVE VOTING RIGHTS. PART XII LINE 2C THE SOCIETY'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OR REVIEW OF THE FINANCIAL STATEMENTS, INCLUDING THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THERE WAS NO CHANGE TO THE OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.