The Neon Museum, Inc.

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Introduction The Neon Museum was founded in 1996 as a partnership between the Allied Arts Council of Southern Nevada and the City of Las Vegas. The Museum is a 501(c) (3) nonprofit organization dedicated to the mission of collecting, preserving, studying and exhibiting iconic Las Vegas signs for educational, historic, arts and cultural enrichment (The Neon Museum, Inc., 2013). Dedicated individuals from the private sector, as well as corporate and government entities, worked collaboratively to promote the preservation of these national treasures as significant pieces of artistic and historical importance (The Neon Museum, Inc., 2013). Each of the more than 170 signs in the Neon Museum’s collection offers a unique story about the…show more content…
The collections committee oversees the approval and/or acceptance of new sign acquisitions or deaccessions. The nominations and development committee oversees the fundraising goals which include budgeted donations and board giving and they oversee the finding of potential new board members. Financial Leadership According to the bylaws, the Finance Committee provides support and resources to the President and CEO, assists the treasurer and President & CEO in developing the annual budget and ensure that proper financial controls are in place, annually review and make recommendations regarding executive compensation, including benefits and ensure that all are consistent with arts and culture nonprofit organizations of similar size and gross revenue and verify that published reports properly reflect the operating results and financial condition of the museum (Board of Trustees, The Neon Museum Inc., 2013). In actuality the President and CEO and Chief Financial Officer (CFO) oversee the financial leadership of the organization in connection with the Finance Committee. It’s primarily the responsibility of the CFO to create the organizational budget along with the help of the President & CEO. The budget is then approved by the Finance Committee and then goes before the full board for final approval. The CFO ensures that the organization is in compliance with generally accepted accounting principles (GAAP) and Statement of Financial Accounting Standards 116 and 117
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